Events & webinars

There is no doubt that Instant payments are a catalyst of change and innovation around the globe. In some cases, such as Europe, this is through regulation, while in others, such as the US it is through increasing market demand. Recent surveys show that while almost 90% of businesses consider instant payments as important, many financial institutions are not yet ready to meet this market demand.

These insights and more were shared by Erika Baumann of Datos Insights in a recently concluded webinar about instant payments opportunities. The webinar examined the results of a survey that looked into how banks and corporates adapt to the instant payments era.

In the world in which we operate, not all cores are equal. This is amplified in Islamic Finance: systems built specifically to be Shariah compliant-only often don't have the depth and breadth of capability of a system built for conventional banking. They linger and loiter in the technology shadows as the bright lights focus on "normal" banking pay lip service to the nuances and subtleties that are needed to deliver compliant Islamic banking.

Technology is having a huge global impact on FSI development by influencing the behavior and demand of banks’ customers, requiring FIs to innovate in order to deliver new products and services their customers demand and for their business to grow.

There are many parallels between ESG values and those of Islamic finance. Both address social and environmental factors. Sharia compliant finance aligns with the environmental and social aspect of ESG, as both look to avoid financing projects or developments that could be harmful to the environment or the general well-being of people.

The emphasis on Sharia compliance when it comes to running the business of IFIs and how it’s operationally managed will always be a fundamental aspect of the business.

Considering a core banking evaluation? Start by identifying measurable objectives and potential results.