Background for Net Zero Target: Collaborative efforts are being called for to reach net zero by 2050. Reaching net zero emissions means balancing the greenhouse gases we emit into the atmosphere. Under the Paris Agreement in 2015, 197 countries pledged to keep temperature rises “well below” 1.5°C to avoid severe …
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The Emergence of Alternative Credentials Definition/Concept: There is no standard definition for micro-credentials in terms of period of study, range of content or specific forms of assessment. However, a micro-credential sometimes referred to as a micro-degree or micro-masters can be described as a recognized proof of the learning outcomes that …
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Background: At the turn of the century, digitization of the economy has become the speediest factor driving globalization. This new and faster payment system, called the Unified Payments Interface (UPI) implemented by the National Payments Corporation of India, aims to facilitate instant funds transfer, along with opening doors to an …
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Introduction: While the world is still embracing mobile innovation and determining additional use cases for adoption, wearable technology is building upon this foundation to directly embed the power of smart devices to accomplish banking transactions. Today, we’re closer than ever to wear a full branch experience. To improve the adoption …
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Background: Modernizing payments is no more an option for banks to sustain their growth in the financial sector. As the financial landscape evolved, consumers and regulators are raising their expectations of instant payment options. Transactions that used to take days are now availed in seconds. Tech-savvy consumers and businesses value …
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Concept: The metaverse is a seamless convergence of physical and digital lives, creating a unified, virtual community where people can work, play, transact and socialize. The concept of the metaverse is still early in its evolution, and there is no singular, all-encompassing definition to which people can turn. A key …
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“In a world where organizations are faced with complex Technology, Cyber, Data and Third Party challenges, enhancing your firms Operational Resilience is rapidly becoming a strategic priority ” Owen Lewis, Head of Management Consulting, KPMG Ireland Definition: Operational resilience is generally defined as the ability of an organization to continue …
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A- The Beginning of the End to Over Draft Fees (Overdraft Overhaul) Background: Overdraft, the fee-based service that enables consumers to make debit transactions in excess of their available account balances, attracts significant attention from financial institutions, consumers, consumer advocates and policymakers. COVID-19 pandemic has drawn fresh attention to this …
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Background: Cost Transformation/optimization has been a priority on the agenda of most banks for many years. It is an ongoing tough process that must evolve over time, as market conditions, customer requirements and stakeholder expectations change. Banks’ complexity and legacy may lead to different forms of cost inefficiencies. As banks …
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Introduction: As banking evolves and changes across the globe due to advanced technologies, fraudsters found new sophisticated ways of attacking banking systems with technologically-advanced tools that make fighting fraud the main challenge for financial institutions & represent a major threat to the banking structure and the entire economy if not …
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المصرفيون مجلة ربع سنوية تصدر عن المعهد المصرفي المصري