Cryptocurrencies are enjoying a boost in mainstream popularity and acceptance. Once spurned by serious investors as too unstable to trust, or even as inherently worthless, crypto is finding favour with governments and financial institutions as they seek to explore a world of payments and transactions outside of the traditional banking system. Read More
Looking at everything from the lens of Sustainability is the mantra now a days. Doing so, addresses most of the challenges faced by organisations & Individuals, and offers an approach for a better future for us all. Let us therefore look at how FinTech’s help us realise a truly sustainable future. To begin with Fintech’s
The pandemic brought to light the importance of the treasury function in ensuring cash visibility and working capital clarity. However, the many challenges treasurers will face now and into the future, is amplified as well as progress is made towards digital transformation. A well-rounded panel consisting of a treasurer, a banker, and a technologist sat
In the last 10 years, there has been swift growth in the fintech industry (the industry that creates programs and technologies that support banking and financial services companies). The technology has been fully adopted by financial services in the past several years and it is now integrated within most financial institutions’ operations. Fintech can basically
There are millions of digital products around us, but most of them do not have their own face, and have no story, all of which makes them boring and confusing. How can we change this situation? Unfortunately, there are no magical killer features to do so, as others may think. It is more important for
Having already swept through numerous industries around the world, the sustainability revolution is now taking the banking sector by storm. Each day brings new announcements from banks, fintechs and solution providers. The sustainability trend presents the banking industry with unique opportunities to deepen customer relationships and, at the same time, is challenging players to innovate
What’s BaaS? A flock of sheep or another annoying but potent banking acronym? BaaS is a way to modernize and grow the banking industry. It is about an open financial services ecosystem and the API orchestration for customer attention by banks and nonbanks. But the industry has yet to land on an authoritative definition of
Telephone banking and chatbots unsurprisingly proved popular for customers during the pandemic because of how they allowed them to interact with people at their bank in a safe and convenient way. Research from GlobalData found that from 2017 to 2020, the number of active telephone banking customers almost doubled, and mobile usage saw a 15
Innovation in the financial services sector is thriving and a new trend is fast approaching. It has less to do with core banking technologies and much more to do with integrating tech services. This is the rise of banking marketplaces: one of the latest and most prominent innovations in banking. Read More
In recent months the media has built a narrative that sees fintech’s fortune rise, while the City has been hit by a string of bad news stories: most notably the lack of a post-Brexit equivalency deal. The narrative isn’t just a media spin. Serious players, such as TheCityUK, an industry body representing the financial and
Of all institutions, banks are at the forefront of sensing and encouraging the financial resiliency of their customers. They have clear insights into the state of an individual’s financial balance, spending and debt situation. This is especially valuable as customers’ finances are put under unusual strain through no fault of their own. Financial resiliency is
Many different verticals in the fintech landscape can benefit from open banking APIs – remittances, growth payments, and crypto. But the love story between open banking and startups is just beginning. Among the many benefits, open banking can scale startup processes and operations for onboarding, accounting, identity validation, and payments (by eliminating the delays and
