Recently, three of the world’s biggest financial services firms—Mastercard, Visa and Citi—have promised to ditch their insular approach and open up their platforms to partners. APIs in Payments has become the forefront of Bank strategies to not only retain but grow market share, grow traction and loyalty, and get back to a value-add growth path…
In my last contribution to this blog, I made some fairly broad (and arguably common sense) statements on why change programmes often deliver disappointing results and what powerful forces come into play that will prevent an organisation from effecting change . It would seem only fair, therefore, to consider what approach organisations should adopt to…
Anyone who’s worked in a large organisation for any length of time is likely to have experienced transformational change in one form or another. By (bad?) luck rather than judgment, I have been at the pointy end of some fairly significant change programmes during my last two consultancy assignments and it’s fair to say that…
I came across an article the other day on a Mainframe Site by Marcel den Hartog called ‘Why do mainframe applications run FOREVER?!?’ I feel it is worth sharing with all those young guns out there. To quote Mr den Hartog “We simply don’t make applications with an expected lifespan of 20+ years anymore. Maybe…
In our estimation there are somewhere in the region of 700 banks looking to change their payments infrastructure. This change has been driven by the M&A activity of banks, processors and payments vendors, leading payments solutions attracting “maturity” status and the pace of innovation within the payments market. Processors capable of delivering a lower risk…
While some activity certainly slowed due to normal vacations, it seems 2010 is yet another year where more is being achieved during summer than in the previous year. The apparent theme that seems to be emerging from the news during this period suggests: ―Are the new payments initiatives now reality or still too bleeding edge?…
M&A‘s, consolidation and technology change in just the past 2 years has left many quandaries and few definitive answers. The realisation is now quickly spreading worldwide that there is high risk and big spends coming for many of what was regarded as stable card businesses – all resulting in mass change in parallel over the…