Libra is a forthcoming digital, blockchain-based cryptocurrency that the Facebook-led consortium ‘Libra Association’ proposes to launch in 2020. Facebook outlined the vision for the currency through a whitepaper released in June 2019. The underlying framework behind the introduction of Libra is to build a distributed network that can scale to serve billions of people with a stable global digital currency. In this paper, we examine Libra’s key features, implications for financial institutions, potential risks and concerns, and more.

Instant rewards redemption using digital payments is a game-changer for financial institutions. By giving consumers ‘point ubiquity’–the universal ability to make purchases with rewards currencies at the point of sale using digital wallets, card issuers can dramatically increase loyalty-program use, secure ‘top of wallet’ status and attract members of key demographics.

If you’re an up-and-coming automobile manufacturer (or InsurTech) looking to break into the auto insurance space, you may want to read this. Insurance isn’t like manufacturing; it’s not like retail, it’s not like banking, it’s not like anything else. However, if you know a few things about the industry beforehand, you can save yourself a lot of grief later on.

If I were an automobile manufacturer and wanted to build an insurance product for my cars, it would be (conceptually) straightforward; come up with the unique coverage for my specific type of car and then price accordingly based on the characteristics of my automobile. However, the reality is quite a bit different for some precise reasons.

Wie sieht es bei den Banken in Sachen Digitalisierung im Kreditgeschäft aus? Wenn es nach unserer Studie geht, für die wir mehr als 100 Kreditinstitute befragt haben, ist noch jede Menge Luft nach oben. Im folgenden Artikel teilen wir mit Ihnen einige Ergebnisse des Teilbereichs »Kundenerlebnis« rund um die Customer Journey. 

There’s no doubt that the global Liquified Natural Gas (LNG) markets are booming, with record demand and a growing network of LNG liquefaction facilities producing increasing volumes to supply those buyers around the world. Recently, the International Group of Liquefied Natural Gas Importers (GIIGNL), an organization of global LNG market participants, released their 2019 Annual Report on the state of the global LNG markets.

Today, women across all industries are underrepresented and underpaid compared to men. It is a huge concern that women are still far from being afforded equal opportunities to take on leadership positions within financial services, and specifically within wealth management. Diversity in the workplace, in any form, can enable an optimal team culture while also increasing a business’ reputation. Senior leaders, by definition, are always looking to enhance their firm’s core competencies, particularly when it comes to how prospective employees perceive the culture. The key to long term success is simple: invest in your people and the workplace culture. 

Disruptive innovation is the new key that rules today’s technology landscape. Traditional skills which were valued greatly have now become the norm and are considered as hygienic factor at best. With such fast-paced growth and out of the box thinking, it is crucial that BAs also look at current skillsets and adapt to the changing dynamics of the industry.

Collateral optimisation has become a commonly used phrase across the industry. However, the need for effective collateral optimisation is continuing to grow, and firms must delve deeper into their internal blockers to fully answer the question: why are they leaving money on the table?

‘Digitization’ is a key buzzword at the forefront of business decision-makers minds today. Its increasing usage is evidence that businesses should be looking at new ways of managing their internal and external (market-facing) processes. In this blog, we share three guiding principles for energy firms moving into the digital realm.