Published Commentary

A standing index of writing on banking, payments and applied AI.

Essays, research notes and commentary observing and deciphering the trends reshaping financial services. Each piece is published in full at amestuart.com.

2026

2 entries
  1. 01 / 02
    10 June 2026
    Essay · Quantum & Security

    The $600 Billion Blind Spot: How Quantum is Rewriting Banking — and Why Most Banks Aren't Ready

    Quantum is simultaneously a $400–600bn opportunity and an existential threat to the encryption every bank depends on. What boards should be asking now, ahead of 2030.

  2. 02 / 02
    01 June 2026
    Commentary · Governance & AI

    The board question has changed: from "should we?" to "are we in control?"

    Reflections from the IBM NED Talks community on why AI governance is a growth lever, not a brake — and what boards should be asking on any given Tuesday.

2025

6 entries
  1. 01 / 06
    06 June 2025
    Essay · Ethical AI

    Pioneering Trust: How Ethical AI is Reshaping UK Banking for a Fairer Future

    AI is profoundly transforming UK banking — delivering efficiency, personalisation and stronger fraud defences. The institutions that lead will pair capability with genuine ethical guardrails.

  2. 02 / 06
    08 May 2025
    Commentary · Geopolitics

    How is the current geopolitical landscape affecting banks

    Sanctions regimes, fractured trade corridors and shifting alliances are reshaping the operating environment for global banks — with implications for funding, compliance posture and growth strategy.

  3. 03 / 06
    15 April 2025
    Essay · Strategy

    What banking can learn from the pharma industry

    Two highly regulated industries, very different innovation cultures. What banks can borrow from how pharma develops, tests, partners and scales — and where the analogy stops.

  4. 04 / 06
    08 March 2025
    Essay · Payments & AI

    AI's Transformative Role in Commercial Payment Innovation

    Where AI is genuinely changing the commercial payments stack — underwriting, reconciliation, fraud detection, corporate treasury — and where it remains hype in new clothes.

  5. 05 / 06
    08 February 2025
    Essay · Security

    The Quantum-Ready Era: Banking Needs to Evolve to Stay Secure

    Post-quantum cryptography is no longer a research topic. Why boards should be asking about migration plans now, and what a credible quantum-readiness roadmap looks like.

  6. 06 / 06
    08 January 2025
    Commentary · Open Banking

    Open Banking: What is New in 2025

    A practical readout on where Open Banking has actually moved beyond the regulatory headlines, and where the next wave of value is being unlocked.

2024

3 entries
  1. 01 / 03
    08 December 2024
    Outlook

    Predictions for the banking industry in 2026

    A view on where AI and automation begin to dominate the operating model, how chatbots have already reshaped retail cost-to-serve, and the structural shifts boards should plan against.

  2. 02 / 03
    10 November 2024
    Essay · Wealth

    Trends in Wealth Management: Beyond Robo

    Robo-advisors changed distribution. The next wave of wealth platforms is changing what advice itself looks like — and who gets to receive it.

  3. 03 / 03
    24 October 2024
    Commentary · Crypto

    What's new in the world of crypto?

    New crypto use cases moving past speculation — tokenisation of real-world assets, regulated stablecoins and the institutional rails being built around them.

2023

19 entries
  1. 01 / 19
    25 October 2023
    Easy Guide

    Easy Guide 4 — Taming the Cost Base

    Practical levers leaders can pull to take structural cost out of a bank without breaking the things that drive growth and customer trust.

  2. 02 / 19
    02 September 2023
    Essay · Workforce

    The world of work is transforming, keep pace

    How we approach work and careers has changed post-pandemic. What that means for talent strategy, leadership and operating models in financial services.

  3. 03 / 19
    26 August 2023
    Essay · Brand

    Changing brand perception in financial services

    Why shifting brand perception in traditional banking is one of the hardest strategic moves — and what actually moves the needle.

  4. 04 / 19
    19 July 2023
    Easy Guide

    Easy Guide 3 — Understanding Agile

    A grounded primer on what Agile genuinely changes in a regulated bank, and where it gets misapplied as theatre.

  5. 05 / 19
    12 June 2023
    Essay · Leadership

    Leadership in Fast-Moving Tech-Centric Banks

    Leadership is about willing followership — beyond command-and-control. What that demands of executives in technology-led banks.

  6. 06 / 19
    05 May 2023
    Essay · Strategy

    What does it mean to be relevant to customers in banking?

    Relevancy, not product, is what keeps a bank alive. A working definition and a practical lens for testing your own proposition.

  7. 07 / 19
    28 April 2023
    Commentary · BNPL

    Buy-Now-Pay-Later (BNPL): How does it work?

    How BNPL actually works, who carries the risk, and why the cost-of-living squeeze is reshaping its trajectory.

  8. 08 / 19
    21 April 2023
    Easy Guide

    Easy Guide 2 — Staying 'unreasonably' relevant to your customers

    What it takes to remain unreasonably relevant — the disciplines that compound, and the habits that quietly erode customer relevance.

  9. 09 / 19
    14 April 2023
    Framework

    10 KPIs keeping strategy & technology aligned

    Ten KPIs that help keep bank strategy and technology in lock-step — driving aligned change rather than parallel transformation programmes.

  10. 10 / 19
    07 April 2023
    Essay · Behavioural

    Cognitive Behavioural Science: supporting bank customers & colleagues

    How CBS principles can be applied inside banks — to coach colleagues, design better journeys and support customers in financial distress.

  11. 11 / 19
    31 March 2023
    Commentary · Mortgages

    Innovation in home buying & mortgages

    The new mortgage providers genuinely changing the landscape — and which innovations are likely to stick.

  12. 12 / 19
    24 March 2023
    Essay · AI

    Large Language AI in Banking: Uses & Ethical Considerations

    Practical use cases for LLMs in banking, paired with the ethical considerations boards must hold the line on.

  13. 13 / 19
    18 March 2023
    Commentary · Payments

    Soundbites from the world of payments

    A round-up of the technology and regulatory currents driving the next phase of innovation across the payments industry.

  14. 14 / 19
    06 March 2023
    Easy Guide

    Easy Guide 1 — Creating a Data Strategy

    What a credible data strategy actually contains — and how to become a data-driven organisation rather than a data-rich one.

  15. 15 / 19
    02 March 2023
    Essay · Talent

    Your Talent IS Your Business Strategy

    In an industry where products are largely undifferentiated, talent is the most durable strategic asset a bank has.

  16. 16 / 19
    26 February 2023
    Commentary · ESG

    Sustainability Trends Across Banking

    The sustainability regulations banks now operate under, and the trends shaping how they integrate ESG into core decisioning.

  17. 17 / 19
    14 February 2023
    Commentary · Technology

    Emerging Technology Trends that Help Banking

    The emerging technologies that genuinely help banks improve operations, drive innovation and protect customers from financial crime.

  18. 18 / 19
    01 February 2023
    Outlook

    2023: Noteworthy Trends In Banking

    The trends shaping banking in 2023 — consumer expectations, regulatory shifts and the technology stack quietly being rebuilt underneath.

  19. 19 / 19
    01 January 2023
    Outlook

    2022: Things to Look at List for banks & FIs

    Not predictions — a working list of the structural questions banks and financial institutions should be examining as the year opens.

2021

52 entries
  1. 01 / 52
    24 December 2021
    Research · Retail Banking

    Top Trends in Retail Banking 2022

    Capgemini's latest research distilled — the trends most likely to shape retail banking strategy through 2022.

  2. 02 / 52
    17 December 2021
    Commentary · Regulation

    Three of the most significant regulatory changes in 2021/2022

    The three regulatory shifts that warrant the most board attention as the industry moves into a more complex compliance environment.

  3. 03 / 52
    10 December 2021
    Series · Challenger Banks

    Challenger Bank Profiler Series: Part 2

    Second instalment profiling challenger banks making a real difference to customer wellbeing, innovation and digital inclusion.

  4. 04 / 52
    03 December 2021
    Essay · Mindset

    The Tech Entrepreneur Mindset

    What the tech entrepreneur mindset looks like up close — and what large incumbents repeatedly fail to copy from it.

  5. 05 / 52
    26 November 2021
    Series · Ethical Fintechs

    Ethical Fintechs and Innovation Series: Part 9

    Showcasing organisations making a real difference to customer wellbeing, industry innovation and digital inclusion.

  6. 06 / 52
    19 November 2021
    Essay · Marketing

    Top Tips for Marketeers in Banking Today

    Distilled from a panel on digital marketing in financial services — the moves that actually compound for marketers in banking.

  7. 07 / 52
    12 November 2021
    Commentary · ESG

    COP26: What does it mean for financial services?

    Reading COP26 through the lens of capital allocation, disclosure and how financial services translates climate commitments into balance-sheet actions.

  8. 08 / 52
    05 November 2021
    Series · Ethical Fintechs

    Ethical Fintechs and Innovation Series: Part 8

    Showcasing organisations making a real difference to customer wellbeing, industry innovation and digital inclusion.

  9. 09 / 52
    29 October 2021
    Essay · Data

    Get Your Brand On — Data to Insight

    The data-to-insight journey for brands in a world where online buying is the default — what to instrument, and what to act on.

  10. 10 / 52
    22 October 2021
    Research · Payments

    Capgemini World Payments Report 2021

    The headline trends in Capgemini's annual World Payments Report and what they imply for incumbents and new entrants.

  11. 11 / 52
    15 October 2021
    Series · Ethical Fintechs

    Ethical Fintechs and Innovation Series: Part 7

    Showcasing organisations making a real difference to customer wellbeing, industry innovation and digital inclusion.

  12. 12 / 52
    08 October 2021
    Essay · Marketing

    Drive marketing agility to improve business outcomes

    A CMO guide to marketing agility in financial services — built around Lifestyle, Loyalty and Lifetime value.

  13. 13 / 52
    01 October 2021
    Series · Innovation

    Innovation That Makes a Difference: Part 2

    Cutting through brain fog around 'innovation' to highlight the start-ups whose work genuinely changes outcomes for customers.

  14. 14 / 52
    24 September 2021
    Essay · Inclusion

    Creative Technology — Designing for Inclusion

    As life becomes digital by default, how technology design must adapt so it serves rather than excludes whole populations.

  15. 15 / 52
    17 September 2021
    Series · Challenger Banks

    Challenger Bank Profiler Series: Part 1

    Opening instalment of the Challenger Bank Profiler Series — who is materially changing the shape of customer wellbeing and inclusion.

  16. 16 / 52
    10 September 2021
    Essay · Talent

    The new banking talent pool: red-hot skills that drive innovation

    As banking becomes more technology-centric, the new skills profile required to propel these organisations forward.

  17. 17 / 52
    03 September 2021
    Series · Ethical Fintechs

    Ethical Fintechs and Innovation Series: Part 6

    Showcasing organisations making a real difference to customer wellbeing, industry innovation and digital inclusion.

  18. 18 / 52
    27 August 2021
    Essay · Investment Banking

    The Rise of the Machines: Trends in Investment Banking

    Investment banking has historically been under-invested in technology. The current trends finally rebuilding that operating model.

  19. 19 / 52
    20 August 2021
    Series · Innovation

    Innovation That Makes a Difference: Part 1

    Cutting through brain fog around 'innovation' to highlight the start-ups whose work genuinely changes outcomes for customers.

  20. 20 / 52
    13 August 2021
    Essay · Cost

    Breaking the 'Jaws': Top 5 cost reduction programmes

    When top-line growth is constrained, five cost programmes that meaningfully widen the gap between cost and income.

  21. 21 / 52
    06 August 2021
    Essay · Credit Risk

    The CRO v COVID: Challenges in Banking Credit Risk

    The pressure the pandemic placed on credit risk frameworks across sectors and what the CRO function had to rebuild as a result.

  22. 22 / 52
    30 July 2021
    Series · Ethical Fintechs

    Ethical Fintechs and Innovation Series: Part 5

    Showcasing organisations making a real difference to customer wellbeing, industry innovation and digital inclusion.

  23. 23 / 52
    23 July 2021
    Commentary · Crypto

    Crushing Crypto Crime

    Reading the EU Commission's move to extend AML traceability into crypto, and what it means for the wider digital-asset ecosystem.

  24. 24 / 52
    16 July 2021
    Commentary · Fraud & Fincrime

    Sophisticated financial crime and fraud needs a proportional response

    UK Finance puts 2020 banking fraud losses at £784m. What a proportional, modern response to that level of sophistication looks like.

  25. 25 / 52
    09 July 2021
    Series · Ethical Fintechs

    Ethical Fintechs and Innovation Series: Part 4

    Showcasing organisations making a real difference to customer wellbeing, industry innovation and digital inclusion.

  26. 26 / 52
    02 July 2021
    Research · Wealth

    Capgemini World Wealth Report 2021

    A 25th-anniversary edition of the World Wealth Report — what shifted in the global HNWI population and what wealth managers should take from it.

  27. 27 / 52
    25 June 2021
    Series · Ethical Fintechs

    Ethical Fintechs and Innovation Series: Part 3

    Showcasing organisations making a real difference to customer wellbeing, industry innovation and digital inclusion.

  28. 28 / 52
    18 June 2021
    Research · Open Banking

    Mastercard's 2021 report on the future of Open Banking

    Reading Mastercard and PCM's report on Open Banking readiness — where the trends, and the opportunities, are concentrating.

  29. 29 / 52
    11 June 2021
    Series · Ethical Fintechs

    Ethical Fintechs and Innovation Series: Part 2

    Showcasing organisations making a real difference to customer wellbeing, industry innovation and digital inclusion.

  30. 30 / 52
    04 June 2021
    Research · Fintech

    World FinTech Report 2021

    Banking in the FinTech era — what Capgemini and Efma's annual report shows about how successful FinTechs are scaling.

  31. 31 / 52
    28 May 2021
    Series · Ethical Fintechs

    Ethical Fintechs and Innovation Series: Part 1

    Opening of the Ethical Fintechs series — organisations making a real difference to customer wellbeing, innovation and inclusion.

  32. 32 / 52
    21 May 2021
    Essay · Payments

    Payment Reshuffling — Retail Shopping Upheaval Forcing Banking Innovation?

    COVID forced retail digitisation. What that has done to the payments stack — and the innovation now required from banks.

  33. 33 / 52
    14 May 2021
    Essay · Workforce

    No 'New-Normal' only 'Fusion': The Integrated World of Work

    Four key areas leaders should weigh when redesigning how work is conducted in a fused physical-digital workplace.

  34. 34 / 52
    07 May 2021
    Essay · Strategy

    What banks can learn from platforms like Club House

    The pandemic-fuelled gig economy and audio-social platforms hold lessons for how banks build community and proposition.

  35. 35 / 52
    30 April 2021
    Essay · Payments

    Flexible to Invisible: The future of credit and debit cards

    Over 163m payment cards circulate in the UK. The piece traces where cards go next — from flexible products to invisible rails.

  36. 36 / 52
    23 April 2021
    Essay · CX

    Demystifying the customer experience: harvesting data to thrive

    Cutting through the overused 'CX' label to show how data should be harvested and acted on in the experience economy.

  37. 37 / 52
    16 April 2021
    Research · Retail Banking

    What is new in Retail Banking?

    A read on Capgemini's World Retail Banking Report and the emerging trends most worth boards' attention.

  38. 38 / 52
    09 April 2021
    Essay · Crypto

    Using Cryptocurrency for everyday transactions — a new era?

    PayPal enables US crypto checkout. The implications for everyday payments, merchants and the broader settlement stack.

  39. 39 / 52
    02 April 2021
    Interview · Core Banking

    Has COVID made us think about Core Banking Transformation differently?

    A conversation with Carlos Salta, Global Head of Banking & Diversified Finance at Capgemini, on whether core transformation has fundamentally shifted.

  40. 40 / 52
    26 March 2021
    Essay · Crypto

    A Short History and the Possible Future of Cryptocurrency

    Cryptocurrency is now part of everyday discourse without being widely understood. A short history and a view on where it is going.

  41. 41 / 52
    19 March 2021
    Essay · Careers

    Non-linear careers and advice for navigating them

    Reflections shared at a Women in Banking seminar on building, and navigating, a non-linear career.

  42. 42 / 52
    12 March 2021
    Essay · AI

    Top 6 use cases for AI in banking

    The six AI use cases in banking with the clearest line of sight from investment to outcome.

  43. 43 / 52
    05 March 2021
    Essay · Fintech

    5 reasons why fintechs are important for the UK economy

    Why the UK is a natural home for fintech, and the five reasons the sector matters to the wider economy.

  44. 44 / 52
    26 February 2021
    Essay · Strategy

    What banks can learn from switching services and comparison sites

    What banks can borrow from how switching services and comparison sites have built trust around money decisions.

  45. 45 / 52
    19 February 2021
    Essay · Payments

    The pandemic and cash usage — do payment strategies need revision?

    COVID accelerated the move away from cash. Whether existing payment strategies are still calibrated to the new mix.

  46. 46 / 52
    12 February 2021
    Essay · Payments

    Implications for the payments industry as digital adoption goes into overdrive

    Written with Sankar Krishnan (EVP, Strategy & Corporate Development, Capgemini) on what the digital-adoption surge means for payments.

  47. 47 / 52
    05 February 2021
    Essay · Strategy

    How platform models help drive top-line growth in Banking

    How platform business models can break the monolith and unlock new top-line growth for banks.

  48. 48 / 52
    29 January 2021
    Essay · Distribution

    Traditional Branch Banking — The next evolution

    Customer engagement has moved remote. What that means for the next evolution of branch banking and physical presence.

  49. 49 / 52
    22 January 2021
    Essay · Wealth

    Wealth Management: New player strategies

    As new competition grows in wealth management, the strategies incumbents are using to defend and reposition.

  50. 50 / 52
    15 January 2021
    Essay · ESG

    Ethical Banking: Evolving Corporate Social Responsibility

    Beyond the many definitions of ethical banking — what a serious, evolving CSR posture actually looks like.

  51. 51 / 52
    08 January 2021
    Essay · SME

    Top 5 fintechs creating value for SME businesses

    Five fintechs doing real work for SMEs — the segment that is consistently under-served by traditional banking.

  52. 52 / 52
    01 January 2021
    Essay · AI

    As banks shift to Intelligent Banking: AI takes centre stage

    As customers ask deeper questions of their banks, AI moves from peripheral capability to the centre of the operating model.

2020

2 entries
  1. 01 / 02
    15 December 2020
    Essay · Fintech

    Fintechs — Cluttering the market or genuinely being of service?

    A look at whether the proliferation of fintechs is genuinely serving customers, or simply cluttering an already crowded market.

  2. 02 / 02
    13 December 2020
    Essay · Transformation

    The COVID Effect: getting digital transformation done

    Why legacy banks struggle to ship digital transformation — and what the pandemic has actually changed about how it gets done.

2019

2 entries
  1. 01 / 02
    20 September 2019
    Essay · Payments

    Retailers enhance the checkout experience and loyalty through mobile wallets

    As smartphones become ubiquitous, how retailers are using mobile wallets to enhance checkout and reshape loyalty.

  2. 02 / 02
    18 July 2019
    Essay · Open Banking

    Commercial banks look to open APIs and fintechs to expand services

    Retail led the open-banking conversation. Commercial banks are now using open APIs and fintech partnerships to expand client services.

2018

5 entries
  1. 01 / 05
    28 May 2018
    Essay · CX

    How banks can reuse customer journey innovations from other industries

    Disruption is reaching financial services. Banks can move faster by reusing journey innovations already proven in other industries.

  2. 02 / 05
    28 May 2018
    Essay · Open Banking

    Rethinking revenue generation in the age of open banking

    As open-banking trends combine with a tight macro climate, incumbents are forced to rethink where revenue actually comes from.

  3. 03 / 05
    12 March 2018
    Essay · Marketing

    Unlock the Full Potential of Digital Marketing

    To compete with today's disruptors, digital marketing needs more than technology — it needs a strategy that actually fits the business.

  4. 04 / 05
    23 February 2018
    Essay · Open Banking

    Strategies to Capitalise on Open Banking Opportunities

    Written as VP, Digital Markets, Capgemini Financial Services — strategies for financial services providers to capitalise on open banking.

  5. 05 / 05
    07 January 2018
    Essay · Strategy

    Design Thinking — the new business strategy?

    In a fast-changing world, why design thinking is becoming a credible substitute — or supplement — to traditional business strategy.

2017

8 entries
  1. 01 / 08
    10 December 2017
    Essay · Marketing

    Social Media Marketing

    Where people spend the most time online, social media marketing has to be examined as a serious strategic channel, not a tactic.

  2. 02 / 08
    02 December 2017
    Essay · Wealth

    Movers & Shakers: New Money Managers

    Managing money has historically been hard for customers. A profile of the new money managers making it materially simpler.

  3. 03 / 08
    18 November 2017
    Essay · Operations

    Contact Centre: Getting Value in the Digital Age

    How to improve the commercial performance of the contact centre when digital channels keep changing what 'good' looks like.

  4. 04 / 08
    11 November 2017
    Essay · CX

    Don't think customer experience — it's about customer care

    Under Open Banking, the conversation is shifting from customer experience to customer care. Why that distinction matters.

  5. 05 / 08
    29 October 2017
    Essay · Open Banking

    Open Banking: A New Financial Order

    Open banking is already changing the face of the industry as a new generation of disruptive technology providers move in.

  6. 06 / 08
    29 October 2017
    Essay · CX

    Helping banks re-establish the lost art of customer conversation

    Through mobile-enabled digital services, financial services firms can re-learn how to genuinely converse with customers.

  7. 07 / 08
    27 October 2017
    Essay · Strategy

    Challenge and Opportunity

    A defining moment for financial institutions — the decisions made now will define competitive position for the next decade.

  8. 08 / 08
    27 October 2017
    Essay · Transformation

    Digital Transformation

    When established financial services organisations face a rapidly changing world, what digital transformation must actually mean.