We are the Financial Ombudsman Service, an organization set up by Parliament in 2001 to help resolve disputes between consumers and businesses about financial products and services. If you have a problem with your bank, insurance, car finance, pension or payday loan provider, we may be able to help.
Amidst a backdrop of economic uncertainty, the global Fintech ecosystem experienced unprecedented growth in 2020. Then, in 2021, the space reached new heights of innovation, with Fintech companies raising more than $140 billion, three times higher than that of 2020, setting an all-time record. The record-setting trends of 2021 were also mirrored in Israel’s rapidly
Off the back of another record breaking year of deals, both in size and volume, the resilience of the fund finance market is likely to continue throughout 2022. With larger funds being raised, there is a corresponding increase in the scale of financing as new entrants to the market, on both the borrower and lender
Many busy physicians find they don’t have the time and energy to develop a savvy financial plan for their practice or their own personal needs. That’s why physicians needs the collaborative support and guidance of a good financial team. Many physicians never learned anything in medical school about running a business or handling personal finances,
There’s a lot of pride associated with owning property, whether it’s a primary home or a vacation bungalow. It’s especially rewarding when real estate is properly compensated for. But while a high selling price may be exciting in the moment, it typically comes with a potential drawback. As a capital asset, any gains you make
Securing funding has long been problematic for micro, small and medium enterprise (MSME) businesses. Bank loans often require solid credit history, a long track record, or proof of ample cash revenue to gain approval. This is simply not possible for many small businesses and is especially cumbersome for small companies located in developing countries such
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Fintech 3.0 has revolutionised the financial world by taking banking and finance to consumers’ phones. But what does the growth of neobanks mean for the banking sector and new-age banks? Fintech is not a new concept. Fintech 1.0 saw the emergence of the transatlantic cable in 1866 and the introduction of one of the most
Our salary advance product, On-Demand Pay, is designed with flexibility in mind. Your employees can withdraw a portion of their accrued wages as they earn, so they can tackle unplanned expenses debt-free. Cultivate a happier workforce and attract great team members with a benefit that puts their financial wellbeing first.
Ever since Bitcoin came to the fore as a cryptocurrency providing an alternative to traditional finance, blockchain has been demonstrating its capabilities within financial services. In this article, we take a closer look at how blockchain technology is driving value for financial service organizations. The value of DeFi One key financial services use case for
As fintechs broaden their product sets and partner more closely with banks, the once-clear line where fintech ends and banking begins is increasingly muddled, raising questions about customer privacy, data security, compliance and other issues. Banks partnering with fintechs must evolve their compliance and third-party management processes to successfully manage the relationship, says Tom Grundy,
What do Blockbuster, Vine, and Compaq have in common? The answer lies at the heart of every business decision ever made—the need to evolve and stay relevant or cease to exist. Some years ago, one savvy business person said it best, “What’s most dangerous in business is to not evolve.” Today, that same person has
