Digital challenger banks operate more like tech companies than banks, from their processes to their tech stacks, they have more in common with consumer-tech companies than traditional, branch-focused banks. What can incumbent banks do to keep up?
This three-part report explores how banks can unlock new revenue streams and fight off challengers to win in the digital world.
This three-part report explores how banks can unlock new revenue streams and fight off challengers to win in the digital world.
This whitepaper explores the ways technology is enhancing how banks can re-engage clients, diversify their offerings and improve their internal systems.
This whitepaper explores the ways technology is enhancing how banks can re-engage clients, diversify their offerings and improve their internal systems.
Rather than force customers to fit into an industry’s narrow definition of their needs, digitally-capable insurers have the opportunity to provide completely new ways of utilising client information, to improve the delivery of their services.
Rather than force customers to fit into an industry’s narrow definition of their needs, digitally-capable insurers have the opportunity to provide completely new ways of utilising client information, to improve the delivery of their services.
This report explores the major trends affecting those on the rocky journey to finding their place in the financial landscape of the future: the rise of automation, changes in customer behaviour, and the business models of the future.
This report explores the major trends affecting those on the rocky journey to finding their place in the financial landscape of the future: the rise of automation, changes in customer behaviour, and the business models of the future.
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Nikolai Hack, Head of Strategy and Partnerships at Nucoro, outlines the current state of saving and investing for financial services.
Nikolai Hack, Head of Strategy and Partnerships at Nucoro, outlines the current state of saving and investing for financial services.
There's no need to wrestle with legacy technology to deliver innovative propositions. The Nucoro Platform automates the entire client lifecycle and is easy to deploy on its own or integrate with existing systems.
There's no need to wrestle with legacy technology to deliver innovative propositions. The Nucoro Platform automates the entire client lifecycle and is easy to deploy on its own or integrate with existing systems.
The race to remain relevant within the financial services sector has ramped up in the last few years, and innovation within banks is pushing past simply digitised forms of current services.
The race to remain relevant within the financial services sector has ramped up in the last few years, and innovation within banks is pushing past simply digitised forms of current services.
What are digital-first banking businesses doing that incumbents aren’t? Nikolai Hack, Head of Strategy and Partnerships dissects.
What are digital-first banking businesses doing that incumbents aren’t? Nikolai Hack, Head of Strategy and Partnerships dissects.
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Banking innovation has been a major industry trend in recent years, but as with any key trend steering investment in the future, it’s hit a potential roadblock.
Should banks still be looking to improve their digital customer experience during tougher times? This is not only still an essential part of any innovation roadmap, but also there are some of the new imperatives resulting from the current crisis that are adding new and pressing requirements.
Most people have heard of digital investment platforms, but don't truly understand what one could do for their organisation, or how to get started.
Research from Nucoro reveals that of those people who used bank branches before the first COVID-19 lockdown, 24% plan to use them less when restrictions are lifted. In contrast to this, 9% believe they will use them more and 53% say their use of branches will not change.
Digital transformation projects are notoriously hard but by pinpointing the common pitfalls, banks can prepare in the best way possible.
Bahrain FinTech Bay (“BFB”) has partnered with Nucoro, the London based fintech platform focused on delivering innovative investment and savings solutions, in their Venture Acceleration Platform with the goal of exploring opportunities and expanding their operations in the MENA region.
Research from Nucoro reveals six million people have downloaded their bank's App for the first time.
Retail banks have largely unexplored sub-segments within their existing client base. These client personas differ significantly when it comes to their understanding of financial products and their financial situation.
Banks have a huge advantage over digital-first banks: their wealth of customer data. To make the most of the opportunity and avoid losing further ground to the challengers, banks should look to fintech partners for digital banking platforms that they can quickly build from.
Every bank serious about taking on a digital innovation project should first take a step back and answer some important questions.
Finance can often be perceived as complicated and boring, with 94% of people worrying about money. However, Fintech is changing this at a rapid clip.
Digital challenger banks operate more like tech companies than banks, from their processes to their tech stacks, they have more in common with consumer-tech companies than traditional, branch-focused banks. What can incumbent banks do to keep up?
The banking world has been moving towards enabling customers to access their services any time and via any channel for a while now. With the COVID-19 pandemic accelerating changes even further. What does the bank of the future look like now?
Incumbent banks have just a short window of opportunity to fight back against fintech challengers, says Nikolai Hack, head of strategy at Nucoro, before they find themselves in real trouble.
Thinking small but strategic is the way to stay ahead without exposing the business to too much risk.
We spoke to Nucoro COO Nikolai Hack about how to be there for your investment clients while dealing with challenges internally too.
Now more than ever, it is important that tech companies and their clients in the financial services sector are providing reliable products. Customers expect a seamless service even in times of high demand, so it’s important the technology products on offer are robust and fit for purpose.
Lennart Asshoff, CEO of Nucoro explains what it’s like to run an investment and savings platform during the coronavirus epidemic, and how businesses can stay resilient at this time.
Our CTO, Antonio Melé, discusses how best to set up a technology platform that can work well in the face of external pressures, such as the global pandemic we are faced with today.
Tom from the Nucoro content team sits down with our CTO, Antonio to discuss his background in coding, why he loves start-ups and why the “where” should always come before the “how” when building technology.
The percentage of banks’ IT spend going into new technology has grown consistently year on year since 2013, with the figures for this year estimated to be 29% for Europe and 40% for the US respectively.
Digitalisation is becoming widely accepted as a necessity for all businesses that want to have a long-term future. However, the true meaning of it is often misunderstood.
Digital transformation isn’t exactly new news as companies have been pursuing digital transformation strategies for some time. Cyber security and IT operational challenges, cost pressures, risk aversion and the skills gap are all driving the digital transformation agenda.
Digital transformation is increasingly becoming a must-have not just a nice-to-have. With most teams having to work from home, how are you supposed to keep pace with the increased drive for successful transformation?
As financial institutions strive to keep up with the ongoing march of FinTech, a ‘trust gap’ still remains within finance – and incumbents may be able to use it to their advantage.
Banks don’t have to build their innovation capabilities internally. Once a bank has defined distinct goals, they can set about sourcing quality partners.
A lot of banks are behind where they’d want to be on their digital transformation; we take a look at the best approaches to making transformation a success.
Customer expectations are shifting in the banking. The webinar 'Prioritising innovation for new customer needs' examined what innovation really means in the current climate and how banks should respond.
Banks are fully cognisant of the fact that in order to remain relevant and competitive, they need to be on a flight path to a completely customer-centric operation. The key to achieving this is a comprehensive and effective programme of banking innovation, focused heavily on optimising and digitising banking operations.
Unfettered by legacy infrastructure and able to leverage their agile, tech-centric cultures, challenger banks create flawless digital customer experiences.
Unfavourable macro environmental factors, increased competition from challengers and technology legacies are all weighing heavily on incumbents.
It’s a trend that’s been gathering pace for a while and seems to be approaching a tipping point. In this article we’ll look at why you need one, how to get one and what to do with it to deliver most value into your organisation.
A digital investment platform with a cloud-native, microservices architecture offers agility, scalability, and seamless integration with existing systems.
A digital investment platform with an open architecture enables banks to connect to their ecosystem via APIs and forge fintech partnerships.
Discussions around financial wellbeing have accelerated as a result of COVID-19, leaving banks in search for the right way to support their customers.
Customer engagement is talked about a lot in banking. And with good reason. Engaged customers are the ones most likely to respond to offers, provide useful feedback, participate in positive conversations on social media and act as a resource for other customers, answering questions, making recommendations and providing referrals.
Banks are some of the most data rich organisations on the planet, but the value of that data is rarely realised as much of it sits in silos.
Traditional banking organisations hold a lot of advantages, they have bigger, more trusted brands, longer relationships with more customers and more data to power decisions. So, with so many cards in hand, why are they so worried about challengers?
Banks have realised that they don’t have all of the skills and capabilities to remain competitive in today’s digital-first environment, so they’ve been expanding their banking innovation capabilities through their fintech partners. But not all partnerships are created equal and leading banks are starting to realise the additional benefits offered by technology platforms.
Banks are becoming increasingly conscious that personalisation is a significant competitive differentiator that is key to winning and retaining customers.
One of the most important emerging capabilities a bank should have is agility. In fact, 68% of banking CEOs believe that without agility, they would be facing bankruptcy. What should banks be doing to explore this further?
This whitepaper discusses some of the arguments supporting greater digitisation of the building society industry, and discusses the potential picture of the building society of the future.
This whitepaper discusses some of the arguments supporting greater digitisation of the building society industry, and discusses the potential picture of the building society of the future.
This whitepaper explores the ways technology is enhancing how banks can re-engage clients, diversify their offerings and improve their internal systems.
This whitepaper explores the ways technology is enhancing how banks can re-engage clients, diversify their offerings and improve their internal systems.
This three-part report explores how banks can unlock new revenue streams and fight off challengers to win in the digital world.
This three-part report explores how banks can unlock new revenue streams and fight off challengers to win in the digital world.
Rather than force customers to fit into an industry’s narrow definition of their needs, digitally-capable insurers have the opportunity to provide completely new ways of utilising client information, to improve the delivery of their services.
Rather than force customers to fit into an industry’s narrow definition of their needs, digitally-capable insurers have the opportunity to provide completely new ways of utilising client information, to improve the delivery of their services.
This report explores the major trends affecting those on the rocky journey to finding their place in the financial landscape of the future: the rise of automation, changes in customer behaviour, and the business models of the future.
This report explores the major trends affecting those on the rocky journey to finding their place in the financial landscape of the future: the rise of automation, changes in customer behaviour, and the business models of the future.
Nikolai Hack, Head of Strategy and Partnerships at Nucoro, outlines the current state of saving and investing for financial services.
Nikolai Hack, Head of Strategy and Partnerships at Nucoro, outlines the current state of saving and investing for financial services.
What are digital-first banking businesses doing that incumbents aren’t? Nikolai Hack, Head of Strategy and Partnerships dissects.
What are digital-first banking businesses doing that incumbents aren’t? Nikolai Hack, Head of Strategy and Partnerships dissects.
The race to remain relevant within the financial services sector has ramped up in the last few years, and innovation within banks is pushing past simply digitised forms of current services.
The race to remain relevant within the financial services sector has ramped up in the last few years, and innovation within banks is pushing past simply digitised forms of current services.
There's no need to wrestle with legacy technology to deliver innovative propositions. The Nucoro Platform automates the entire client lifecycle and is easy to deploy on its own or integrate with existing systems.
There's no need to wrestle with legacy technology to deliver innovative propositions. The Nucoro Platform automates the entire client lifecycle and is easy to deploy on its own or integrate with existing systems.
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