There was an interesting blog this month (http://www.finextra.com/community/fullblog.aspx?id=4754) looking at a comparison between the banking industry and the Beatles. The basic thrust being that the Beatles music is finally available in digital form and is selling massively but as it took them so long to get round to it that they have missed out on a fortune. In an industry where digital is rapidly replacing physical and high street music retailers are fast going out of business, to not have your product available in this form is tardy to say the least.
Banks should look at this model in their industry as a potential sign of things to come, especially as on the one hand they are moving us away from physical forms of money towards digital money as fast as they can and yet according to The Financial Times this month they are encouraging the physical approach as ‘Banks across the UK, Europe and the US are now bringing service centres back into their local markets and investing heavily in their branch networks’ .
Add to that the approach shown in some of the articles in this edition with Facebook credits available in Tesco, PayPal putting payments on the TV remote, NFC on Google Android and it seems that with non-banking retailers digital innovation is taking off.
‘You say yes, I say no. You say stop and I say go’. To that immortal lyric we could add ‘You say physical, I say digital'.
Savantor services are tailored to Client needs based on our core service areas
Specialist Resourcing Payments Strategy Platform Transition Operational Efficiency
Consulting and contracting roles in the payments, mobile and banking arena within the UK and across Europe
View more
Find out more from our Savantor brochures, MarketEye back copies and Industry opinion
Collateral Market Eye News & Views Sign Up to receive MarketEye
"OP-Pohjola Group has used Savantor in both acquiring and issuing for platform/service provider research, RFI/RFP processes and subsequent contract negotiations. Savantor's approach and commitment have always been very professional and transparent. They have been of great help for the company in providing us important insights and background information beyond vendors sales speeches."
Kai Lindstrom, Head of Acquiring - OP-Services Ltd - Finland
"In moving our new initiative into reality, we required specialist payments knowledge and forward thinking in the retail sector. Savantor supplied this and provided very effective guidance throughout. We enjoyed working with them."
Sophie High, Head of Innovation Delivery - Cancer Research UK
"Disciplined methodology and effective teamwork, guided by Savantor's migration expertise and operational knowledge, were the hallmarks that led to the resounding success of this project, enabling us to maintain and develop our business capability."
Robert Lambert, Head of Cards Strategy - Permanent tsb bank - Ireland
"The expertise provided by Savantor has greatly helped us evaluate our risk position and to take the right steps in managing our future risks. Strong, disciplined planning and an ongoing willingness to work closely with our staff played an enormous part in making this a very successful well-delivered project which will greatly help us in achieving our business goals."
Mark Healy, Chief Risk Officer - NEOVIA Financial - UK
"Savantor did a good job in helping us understand the dynamics of a key growth area for Trionis. Savantor's ability to listen and their degree of commitment have always impressed me. They have been of great help in providing us important market insights and I would not hesitate to work with them again in future."
Ernst Verbeek, Managing Director - Trionis - Belgium
"We were in urgent need of external independent expertise to supplement our internal resources. Senior consultants had to quickly integrate with a diverse team from across the bank and actively contribute. I am pleased to say that Savantor was able to deliver on our needs as well as being good people to do business with."
Lars Bostrom, Head of Cards - Nordea - Scandinavia
"Savantor successfully advised Rabobank during preparing of the platform migration for cards. Savantor demonstrated thorough knowledge of business processes and market players combined with a practical approach."
Evert Fekkes, Business Information Manager - Rabobank - Nederland
"It was a strategic imperative for the bank to be EMV compliant for our payment cards and the experience that Savantor brought to the company has proved to be invaluable."
Eddie Sweeney, Chief Technology Officer - AIB Bank - Ireland
Send us a support request and one of our specialists will be in contact to assist you.
Register your CV with us and gain access to a range of job opportunities through our online job search portal.
