#OpenBanking will open a whole new world for consumers by letting consumers' financial data safely & letting companies “access customer data from competitors — encouraging them to come up with new products & services.” - cbc https://lnkd.in/gE9tA7Fy #consumerdrivenbanking
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🔍 With Consumer Duty, banks are challenged to elevate their standards, putting customer needs at the forefront. This isn't just about enhancing security or compliance; it's about integrating the human element into technology to deliver exceptional customer service. 💡 Imagine seamless transactions, personalized #banking services, and instant financial solutions, all powered by real-time data. This is the future of banking - more integrated, responsive, and customer-centric than ever before. 🏦❤️ On diginomica Peter Pugh-Jones highlights the transformative impact of the UK's new Consumer Duty regulations on banking. https://lnkd.in/es8veqbT
People-focused real-time streaming data is critical to banking sector as it embraces new Consumer Duty regulations
diginomica.com
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Achieve a 360 degree view of customer data and unlock the power of #data in banking 🏦 Dive into the blog: https://lnkd.in/gAViC5VF #BankingInnovation #WeAreDXC
Digital banking needs the right data—not more data
dxc.com
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In June 2018 Martin Lewis, the U.K. money-saving expert, explained how banks will now need to share data, not only enabling customers to more easily move their money to those providers that deliver the best value, but also providing banks with the means to provide better financial support. Unfortunately, given today’s financial challenges, the reality turned out to be not quite as rosy as Lewis’ vision. Read this new #DataManagement blog by @Stuart Simmons, Financial Services Director at @Denodo, who will discuss how banks can address their technical challenges with data silos and leverage #openbanking in order to deliver truly personalized services to your business https://buff.ly/489r1ao
Open Banking: Why Was Martin Lewis Wrong?
datamanagementblog.com
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Check out this fascinating How it Started / How it's Going piece on open banking in the US by Eric Shoykhet in Digital Transactions. "With the right innovators and adequate education, the future of payments will transform financial security, health, and convenience for consumers and merchants alike." #payments #openbanking https://lnkd.in/gFYFgk79
Commentary: Five Years of Open Banking: Embracing a New Path Forward
https://www.digitaltransactions.net
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🏦 Banks have not effectively put the customer data they possess to work, much less the external data customers are also willing to share. With open banking redefining the entire financial landscape, failure to tap the power of data will become a competitive drag. Read more: https://ow.ly/QZKH50PBiWl #Data #OpenBanking
What the Data-Driven Bank of the Future Looks Like
thefinancialbrand.com
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In June 2018 Martin Lewis, the U.K. money-saving expert, explained how banks will now need to share data, not only enabling customers to more easily move their money to those providers that deliver the best value, but also providing banks with the means to provide better financial support. Unfortunately, given today’s financial challenges, the reality turned out to be not quite as rosy as Lewis’ vision. Read this new #DataManagement blog by @Stuart Simmons, Financial Services Director at @Denodo, who will discuss how banks can address their technical challenges with data silos and leverage #openbanking in order to deliver truly personalised services to your business https://buff.ly/489r1ao
Open Banking: Why Was Martin Lewis Wrong?
datamanagementblog.com
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In June 2018 Martin Lewis, the U.K. money-saving expert, explained how banks will now need to share data, not only enabling customers to more easily move their money to those providers that deliver the best value, but also providing banks with the means to provide better financial support. Unfortunately, given today’s financial challenges, the reality turned out to be not quite as rosy as Lewis’ vision. Read this new #DataManagement blog by @Stuart Simmons, Financial Services Director at @Denodo, who will discuss how banks can address their technical challenges with data silos and leverage #openbanking in order to deliver truly personalised services to your business https://buff.ly/489r1ao
Open Banking: Why Was Martin Lewis Wrong?
datamanagementblog.com
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This year is proving challenging for financial services institutions that want to deliver outstanding customer service experiences. 💡 Between rising geopolitical challenges, new technologies, and stark differences in generational preferences, it’s harder than ever before to gain a competitive advantage. In this post, we explore some of the most important customer service statistics and trends in digital banking. 📈 Read for more. 👉 https://lnkd.in/dr2nUFqc #digitaltransformation #financialinstitutions #digitalbanking #bankingtrends #unblu #digitalinteraction
Customer service statistics and trends in digital banking
https://www.unblu.com/en/
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In June 2018 Martin Lewis, the U.K. money-saving expert, explained how banks will now need to share #data, not only enabling customers to more easily move their money to those providers that deliver the best value, but also providing banks with the means to provide better financial support. Unfortunately, given today’s financial challenges, the reality turned out to be not quite as rosy as Lewis’ vision. Read this new #DataManagement blog by Stuart Simmons, Financial Services Director at Denodo, who will discuss how banks can address their technical challenges with data silos and leverage #openbanking in order to deliver truly personalized services to your business https://buff.ly/489r1ao #dataintegration #dataarchitecture #dataanalytics
Open Banking: Why Was Martin Lewis Wrong?
datamanagementblog.com
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📈 Is your bank's data just sitting there, or is it a competitive edge? Learn why data usability is the future of banking #BankingData #CCGInsights #BankingResearch Can Banks Overcome Core Issues To Use Their Data? - By: Tyler Brown https://lnkd.in/gGWRVgHm
Can Banks Overcome Core Issues To Use Their Data?
https://www.ccginsights.com
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1,499 followers
C-Level Management, Director
2moConsumers financial data should be owned by the consumer and not the big banks