Turning the Tables on Traditional Asset Management through Crypto
Nov16

Turning the Tables on Traditional Asset Management through Crypto

Digital asset management of blockchains is a growing industry that is raising millions of dollars. As far as investments go, it’s the next big thing. This bridge between cryptocurrency and the investment industry is most popular among millennials, who are most concerned about investment efficacy and accountability. A Quick Review of the Basics Traditional asset management through cryptocurrency utilizes a different approach to profit...

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The Making of a Better Loan: Lending Tech Will Empower Borrowers, Reshape Lending
Nov15

The Making of a Better Loan: Lending Tech Will Empower Borrowers, Reshape Lending

Debt is a significant and lasting factor in American’s personal balance sheets. Yet, until now few tools have been created to truly help consumers strategically manage the increasingly complex decisions about using credit. Among Americans, 80 percent carry some type of debt, and the responsibility for those liabilities is continuing late in life. 1 In fact, Credit Sesame members hold nearly $107 billion in total debt across types such...

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How Bank CFOs are using technology to Drive Transformation
Nov15

How Bank CFOs are using technology to Drive Transformation

The CFO role in financial institutions has always been pivotal. But as the industry evolves and technology and data become increasingly critical to operations, CFOs have taken the lead in driving industry transformation, and technology is the vehicle they’re using for change. For the modern bank CFO who is embracing new strategy and performance responsibilities and addressing changes wrought by regulations, technology innovation, and...

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Storefronting in Investment Banking – Technology and the Rise of ‘Window-shopping’
Nov10

Storefronting in Investment Banking – Technology and the Rise of ‘Window-shopping’

People’s interactions with their banks have undergone an extraordinary transformation. From the emergence of app-only challengers such as Monzo to the evolution of physical branches, technology has dramatically changed the age-old relationship. However, compared to typical high street interactions, the investment banking landscape has always been markedly different, sustained by services such as capital raising and M&A advisory....

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Three Approaches FinTechs Are Using to Create a Competitive Advantage
Nov10

Three Approaches FinTechs Are Using to Create a Competitive Advantage

Despite all the uncertainty looming around Brexit, FinTech in the UK is booming. Recent figures from London & Partners and Pitchbook show that more than £760 million has already been invested in the space in 2017. That’s double the amount for the same time last year. The demand for better, more customer friendly financial services is driving growth, with dozens of new FinTechs launching every week. But in an increasingly...

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How Robo-advice for Credit and Debt Will Disrupt the Industry
Nov09

How Robo-advice for Credit and Debt Will Disrupt the Industry

Expensive asset managers today are struggling to deal with the twin challenges to their traditional business model: low-cost, passively-managed index funds, and the online robo-advisors that help retail investors optimize the allocation of their assets between those funds. The finance industry is still unprepared for the next big disruption — widespread use of robo-advisors for liabilities: online tools that will deliver customized...

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Powering Purchasing with Process Mining
Nov07

Powering Purchasing with Process Mining

Where did this invoice come from? And why was an order placed with this supplier? With efficiency largely defining success, these are questions that any head of purchasing should not have to concern themselves with. Purchasing is a function that has historically been slow to join the digital revolution, prioritising cost-cutting rather than integrating with innovative technology to add value. However, steps are being taken, with the...

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The Mobile Payment Conundrum: Maintaining Trust without Compromising on Customer Experience
Nov06

The Mobile Payment Conundrum: Maintaining Trust without Compromising on Customer Experience

The world of personal finance continues to evolve rapidly, as consumers move away from their browsers and towards their smartphones when it comes to managing their bank balances. Mobile devices – as well as similarly popular items such as contactless debit cards – have been designed with this need for convenience, simplicity and ease of use in mind, and have become staple items of pockets and wallets across the country as a result....

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LendIt Europe 2017 Summary
Nov03

LendIt Europe 2017 Summary

LendIt Europe 2017 Summary

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How Coremetrix, a UK Fintech Company, gather Psychometric Data on Risk Scoring
Oct31

How Coremetrix, a UK Fintech Company, gather Psychometric Data on Risk Scoring

At Coremetrix we are always on the lookout for new and innovative methods to bolster our analytics toolbox. This allows us to continually generate fresh insights from our rich reserve of psychometric data and to constantly improve our understanding of key underlying factors that drive consumer behaviour. Recently, our risk analytics team have been experimenting with neural networks, and in this post we’d like to share some of our...

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Is UC Technology the One-stop Answer to MiFID II Communications Compliance?
Oct30

Is UC Technology the One-stop Answer to MiFID II Communications Compliance?

Is your business ready for MiFID II? It’s a question finance directors, IT specialists and senior business managers the country over will be asking themselves as the January 2018 deadline approaches. MiFID II is a change to the way we do business in the finance sector that will have huge implications, whether you’re working in a growing startup or a much larger established business. While the remit of the new regulations is far...

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How to Choose a Machine Learning Platform For Risk
Oct27

How to Choose a Machine Learning Platform For Risk

Are you losing customers to branchless banks and alternate lenders that focus on great mobile experiences? Are you blocking legitimate customers from accessing their accounts? Are you fearful that a well-coordinated criminal organization could breach your internal controls? By understanding customer behavior across omnichannels and omnidata, at a big data scale, an organization can reduce risk and increase revenue in one fell swoop....

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Why are Banks so Vulnerable to Money Laundering?
Oct27

Why are Banks so Vulnerable to Money Laundering?

The amount of money that is laundered annually is estimated to be between $800 billion and $2 trillion USD, with much of that being used to fund nefarious activity such as trafficking and terrorism. All banks have Anti-Money Laundering (AML) systems in place but they are becoming increasingly ineffective and inefficient at identifying and preventing illegal activity. Many banks implemented their current AML systems quickly in response...

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The Payments Race! Day 5
Oct25

The Payments Race! Day 5

Sunday’s wave of Vlogs from the Payments race are now all live! Our group continued their journey at the weekend towards the bright lights of Las Vegas and Money 20/20. The challenge for them on Day 5, was to work out how much they have spend, but in Singapore Dollars. Check out some of the highlights here: Amelie Using Bitcoin – Day 5 Jordan/Dan Using Contactless – Day 5 Coming Soon! Ash Using Gold – Day 5...

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The Forces Behind Fintech
Oct25

The Forces Behind Fintech

Fintech has received much deserved attention in the past few years. Consumers of financial services have access to a wider range of products at lower cost and with better customer experience than ever before. Importantly, fintech is starting to reach people who were previously excluded from mainstream financial services. After a decline following the referendum result, VC money is piling back into UK fintech. Year on year growth for...

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Bharat Malesha – SmartStream
Oct24

Bharat Malesha – SmartStream

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Bridging the Engagement Gap
Oct24

Bridging the Engagement Gap

As new fintech companies and technology giants look to disrupt the banking sector, what can traditional banks do to bridge the engagement gap and make customers feel the love? Banks are facing a tough crowd. According to Customer Engagement, with Interest, today only 39% of customers trust them, and just 14% feel extremely confident in the banking industry. It’s clear that there is a gap between customer expectation and what the banks...

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The Payments Race! Day 4
Oct24

The Payments Race! Day 4

Saturday’s wave of Vlogs from the payment are now all live! Our group continued their journey at the weekend towards the bright lights of Las Vegas and Money 20/20. The challenge for them on Day 4, was to tell us their biggest failure Check out some of the highlights here: Amelie Using Bitcoin – Day 4 Jordan/Dan Using Contactless – Day 4 Ash Using Gold – Day 4 Jessica Using Chip and Pin – Day 4 Stu Using...

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The Payments Race! Day 3
Oct23

The Payments Race! Day 3

The next wave of Vlogs from the payment are now all live! Our group continued their journey on Thursday towards the bright lights of Las Vegas and Money 20/20. The challenge for them on Day 3, to tie into Money 20/20 Asia next year is to buy/give something… anything to someone in Singapore. This could be a virtual good, a item brought in the US and shipped etc. Check out some of the highlights here: Amelie Using Bitcoin –...

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5 ways NOT to Lose Money with Online Payments
Oct23

5 ways NOT to Lose Money with Online Payments

You know you should not open spammy emails and download suspicious attachments. But can you really lose money from legitimate online transactions via legitimate payment methods? Yes. 1. Choose a Payment Card Industry (PCI) compliant payment processor or PSP PCI Data Security Standard (DSS) is a globally recognized set of requirements set by major payment card providers such as Visa, MasterCard and American Express. Its purpose is to...

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Capitalising on the Cross-border Opportunity in High Growth Markets
Oct23

Capitalising on the Cross-border Opportunity in High Growth Markets

Global digital payments volumes are predicted to increase by an average 10.9 percent through to 2020, reaching nearly 726 billion transactions, according to the World Payments Report 2017 which was released in October. In turn, volumes generated by emerging economies are expected to grow by 19.6 percent, with emerging Asia (led by China and India), projected to grow 30.9 percent in volumes. Similarly, while established markets like...

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Azimo’s Momentum Continues with Triple-Digit Growth As Online Remittance Booms
Oct23

Azimo’s Momentum Continues with Triple-Digit Growth As Online Remittance Booms

Company attracts top talent from PayPal as demand heats up in international money transfer market Azimo announced triple-digit growth across virtually every metric – including transactions sent, gross transaction volume, and revenue – as online remittance from the diverse communities of Europe to the rest of the world booms. For example, over the past 12 months, Azimo saw a 236% increase in the amount of money sent to...

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Fintech Finance Season 3 Episode 09: Invisible Banking
Oct22

Fintech Finance Season 3 Episode 09: Invisible Banking

In this episode we look at how the latest wave of new banks have been causing an upheaval to the industry, by looking at what we are referring to as “Invisible Banking.” For this, and to tie into Money 20/20, we speak with Suresh Vaghjiani from GPS, to hear about how they are looking to deliver this, as well as what the future holds from the challenger banks and what to expect from them. We also catch up with Anne Boden...

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The Payments Race! Day 2
Oct22

The Payments Race! Day 2

The Second wave of Vlogs from the payment are now all live! Our group continued their journey on Thursday towards the bright lights of Las Vegas and Money 20/20. The challenge for them on Day 2 was to varied to each racer… so thanks to our friends at Jobs Ohio, their challenge was to: Vlogger #1: Cleveland: Rock’n’Roll Hall of Fame 1100 E 9th St, Cleveland, OH 44114, USA Challenge: Buy an Ohio hat, travel to location indicated,...

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The Payments Race! Day 1
Oct21

The Payments Race! Day 1

The First Vlogs from the payment are now live! Our group started on Wednesday in Toronto on their journey towards the bright lights of Las Vegas. The challenge for them on Day 1 was to get at least three people at the conference to wish them luck and give them a tip to make their journey. Check out some of the highlights HERE:   Amelie Using Bitcoin – Day 1 Jordan Using Contactless – Day 1 Ash Using Gold – Day 1...

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As a Corporate, What Questions should you be asking your Bank?
Oct13

As a Corporate, What Questions should you be asking your Bank?

The advent of Open Banking is expected to provide one of the dominant themes at SIBOS. As bankers, corporates and fintech’s gather in Toronto for this year’s event, the adoption of open Application Programming Interfaces (APIs) across the financial services industry will be a major talking point. There will likely be many questions regarding how Open Banking will impact businesses, regulators and the financial industry....

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Galileo Opens Its APIs And Sandbox to Empower Developers to Innovate
Oct12

Galileo Opens Its APIs And Sandbox to Empower Developers to Innovate

Galileo, a payments innovator with a dynamic processing and program management platform for prepaid, debit and virtual transaction processing, today announced the release of its open APIs, enabling developers to experiment and test in a secure sandbox environment. Without signing an NDA, virtually anyone can immediately begin to code to the APIs. Developers can unleash their creativity in the sandbox while business arrangements are...

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Where next for Fintech in the Pension Sector?
Oct09

Where next for Fintech in the Pension Sector?

Whether behind the scenes or in full view, fintech is transforming the pensions industry for the better. On the one hand, the government’s proposed pension dashboard is taking giant leaps toward a more connected, consolidated and collaborative pension sector, one where savers can monitor and manage multiple pension pots in one interactive dashboard. Meanwhile, a number of new entrants are using app-based services to encourage saving,...

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Countdown to Money20/20: Money20/20 and Fintech Finance Present: ‘The Payment Race: Round 2”
Oct06

Countdown to Money20/20: Money20/20 and Fintech Finance Present: ‘The Payment Race: Round 2”

This year, Fintech Finance and Money20/20 will join forces to present the second iteration of the #M2020race. The competition sees five intrepid racers, each an influencer from the world of Payments and FinTech, set out across the great plains of North America to complete the 2,300-mile trip from Toronto to Las Vegas, using nothing but a single method of payment. The race, which takes place this October, comes fresh off the back of...

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100 days to MiFID II : Are You Ready to Record?
Sep29

100 days to MiFID II : Are You Ready to Record?

This week marks 100 days until Europe’s banks, brokers, asset managers and the wider financial advisory community have to implement the much-vaunted MiFID II directive. The current MiFID regulations date back to 2004, but are being revised to improve the functioning of financial markets following the financial crisis of a decade ago, while further strengthening investor protection. MiFID II brings a whole plethora of changes to bear...

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Matthew Davies, Bank of America Merrill Lynch: AI Space
Sep27

Matthew Davies, Bank of America Merrill Lynch: AI Space

Matthew Davies from Bank of America Merrill Lynch speaks to us about what they’re doing with AI.

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Are We Safe to Bank on Biometrics?
Sep26

Are We Safe to Bank on Biometrics?

For financial institutions, the primary goal of digitisation is making banking simpler and more intuitive for customers. Biometric identification has huge potential, offering convenience, simplifying password management and providing a frictionless authentication process. However, combining the desire for ease of use with the need to improve security is a difficult balancing act. With biometrics in banking rapidly gaining momentum, it...

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London Forever! Reality or Rhetoric?
Sep25

London Forever! Reality or Rhetoric?

This month, Z/Yen Group published the 22 nd edition of the Global Financial Centres Index. GFCI 22 showed almost all major financial centres following the downward lurch of London and New York in GFCI 21. Frankfurt was the only centre in the top 20 to rise, in part due to the number of London banks announcing headquarter moves. Finance only exists to support the ‘real economy’ of commerce and trade. This telling tumble among financial...

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Read Between the Lines – Bitcoin Is Manipulated
Sep22

Read Between the Lines – Bitcoin Is Manipulated

The market is only talking and talking about Bitcoin, calling it either a fraud, or a currency of the future. No wonder that monetary authorities and some financiers are trying to talk the price of the cryptocurrency down – they are simply afraid of this new form of currency that may easily take the place of traditional money. What are they scared of? The advantages of Bitcoin are obvious – while everybody is talking about...

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Bud​ ​Partners​ ​with​ ​WiseAlpha​ ​to​ ​Add​ ​Senior​ ​Secured​ ​and​ ​High​ ​Yield​ ​Bond​ ​Investments​ ​to their​ ​Platform
Sep20

Bud​ ​Partners​ ​with​ ​WiseAlpha​ ​to​ ​Add​ ​Senior​ ​Secured​ ​and​ ​High​ ​Yield​ ​Bond​ ​Investments​ ​to their​ ​Platform

Bud has announced a partnership with online lending-market WiseAlpha, creating new investment opportunities in fixed income for their users. WiseAlpha presents investments in senior secured and high yield bonds, many of which offer returns of between 4-8% in large, well-known British corporates such as Virgin Media, Ocado and Debenhams. Before now, these fixed income investment opportunities were only available to pensions funds,...

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Major UK Banks Closed to Fintech Business.
Sep20

Major UK Banks Closed to Fintech Business.

With London leading the way as the global FinTech hub, some may think that gaining bank services is easy to achieve or a matter of fact if you are an FCA regulated entity. Over the last few years the Emerging Payments Association has been highlighting the challenges faced by emerging FinTechs in gaining bank accounts in the UK for business. Many companies reach out to the EPA for help and support – particularly FCA regulated companies...

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Over 8,500 New Jobs Created in Financial Services from Foreign Direct Investment in 2016-17
Sep18

Over 8,500 New Jobs Created in Financial Services from Foreign Direct Investment in 2016-17

For many experts and professionals in business – ‘Brexit’ in their view was a calamitous decision following 52% of UK’s electorate vote to leave the European Union after 43 years of membership. One of the underlying worries amongst these individuals was the impact uncertainty (manifested through Brexit) would have on foreign direct investments (FDI)in the UK. Despite their concerns, even in the immediate aftermath of Brexit, the...

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The Cashless Payments Opportunity for Local Authorities
Sep15

The Cashless Payments Opportunity for Local Authorities

Civica Payments Managing Director Andrew Stenton explores the rate of change in payments solutions and the opportunities for the future There is no doubt that the UK is at the tipping point of huge developments in cashless payments and finance technology. We’ve seen a rapid uptake in the use of mobile technologies such as Apple, Android and Samsung Pay, and contactless payments, alongside the use of digital currencies such...

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SteelEye: Every Cloud has a Silver Lining
Sep11

SteelEye: Every Cloud has a Silver Lining

Matt Smith explains the opportunities to be found in 2018’s regulatory storm For many financial services firms, the impending implementation of the Markets in Financial Instruments Directive II (MiFID II) and the General Data Protection Regulation (GDPR), are viewed with a large degree of apprehension. It’s easy to see why. These regulations together will send seismic shocks through the regulatory landscape, with implementation costs...

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Hermes Bank: Tempo Money Transfer Agreement on Cooperation
Sep07

Hermes Bank: Tempo Money Transfer Agreement on Cooperation

Revolutionary digital technology is changing the face of international transactions and remittances. As a leading player in the field of digital banking, Hermes Bank is proud to announce that August 14,2017 an agreement on a strategic partnership has been signed with Tempo Money Transfer, a leading European licensed payment institution based in Paris, France. TEMPO offers online, mobile and traditional money transfer services from...

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It’s About Time You Modernized Your ATM Network! Infographic & White Paper
Sep06

It’s About Time You Modernized Your ATM Network! Infographic & White Paper

The ATM remains the single most frequently used and convenient banking channel. Even for today’s digitally engaged consumer, it’s a critical component of your service delivery model and with over $13 trillion withdrawn per year, cash is still a vital part of everyday life. When it comes to customer experience, “good enough” isn’t one of your KPIs and we don’t think it should be the measure of your ATMs either. NCR’s ATMs have been...

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Opinion: Trust and Open Banking
Sep05

Opinion: Trust and Open Banking

With only a few months to go before Open Banking becomes a reality, the launch of Starling Bank’s PSD2-ready API has fired the starting gun on a race which will change the way we bank forever. Mark Skinner from cxpartners explains how success in the next stage of the race will hinge on trust and dedication to putting the customer first. Imagine a scenario where you can view all your financial products from a single application. So for...

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Bringing Cryptocurrencies Into the World of Traditional Investing: What Will It Take to Get There?
Sep01

Bringing Cryptocurrencies Into the World of Traditional Investing: What Will It Take to Get There?

While traditional currencies in the form of paper or coin-based money have been the main means of transactions for many decades, cryptocurrency – digital or virtual currency, consisting of a line of computer code – is on the rise. Cryptocurrencies offer several advantages over traditional fiat currencies. Transactions involve no third-parties or delays, and are therefore immediate and cheap. There is no threat of identify theft or...

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Arthur Azizov, B2Broker: “There is a Revolution in the Money Market”
Sep01

Arthur Azizov, B2Broker: “There is a Revolution in the Money Market”

Newcomers are strengthening their positions in the financial markets: the crypto currencies are taking their places among the products of broker companies and in portfolios of investors and speculators. What is going on in the market of Bitcoin and Ethereum, can a classic trader profit on that and how to open your crypto business, comments Artur Azizov, B2Broker CEO. How can you assess the current crypto market environment? In the...

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How Financial Advisers can Better Engage with Millennials
Aug29

How Financial Advisers can Better Engage with Millennials

In the US, millennials account for nearly one third of the working population, a figure set to rise to half of the workforce by 2020.  Millennials make up 13% of the ‘wealthy and affluent’ market and they are becoming leaders in entrepreneurship; launching twice as many and more profitable start-ups as their baby boomer counterparts.  This misunderstood group tends to not only be overlooked as prospects by financial advisors but is...

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The UK Data Protection Bill and its Impact on National Security
Aug24

The UK Data Protection Bill and its Impact on National Security

Lisa Osofsky is EMEA Regional Chair and EMEA Head of Investigations and Dayna Bordin is EMEA Deputy Head of Financial Crime Compliance The Data Protection Bill (“DPR” or “the Bill”) comes into effect on 25 May 2018 and is intended to incorporate into English law the data protection rights that will be afforded under the EU General Data Protection Regulation (“GDPR”).  The UK government claims the GDPR will increase customer confidence...

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Finding the Fuel for Digital Innovation in the Banking Sector
Aug23

Finding the Fuel for Digital Innovation in the Banking Sector

Research into consumer adoption of digital services in the UK has revealed that the banking sector is perceived by consumers to be leading the way. That’s according to new data from YouGov, which has found nearly a quarter (23%) of all UK adults say that the banking industry tops the charts for digital innovation, surpassing industries such as retail (14%) and travel (8%). These findings are borne out by the latest UK Customer...

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Fintechs – Why do Investors find them so Irresistible?
Aug18

Fintechs – Why do Investors find them so Irresistible?

The UK is home to four fintech unicorns (companies that are valued at least a billion dollars). They have a total valuation in excess of $18.5bn. So you’d be right to assume that investors are still showing a lot of interest in fintechs. Although interest in UK fintech companies waned in 2016, it resurged in Q1 of 2017, with a total investment of $328m. Seedrs, recently featured on the coveted FinTech50 2017 list, has played a part in...

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Scotiabank, Koho and the Digital Finance Institute Determine the Future of Digital Banking
Aug16

Scotiabank, Koho and the Digital Finance Institute Determine the Future of Digital Banking

RFi Group research shows that, for the first time globally, digital applications have overtaken branch applications across retail banking products. This is a game changer, and having the best digital transformation strategy is now more important than ever. At the Global Digital Banking Conference, taking place in Toronto on 14th September 2017, global and local experts will share their knowledge and case studies to help paint of...

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Finance Departments Must Set the Digital Agenda
Aug14

Finance Departments Must Set the Digital Agenda

Every business department stands to benefit from digitisation – and finance is in a particularly strong position to make impactful changes, given its reach across the business as a whole. Despite this unifying opportunity, our latest research shows that finance is perceived to be a roadblock for digital projects in the rest of the organisation. Seventy-one percent of senior business decision makers said that they had digital...

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