Fintech Finance Season 3 Episode 13: Decentralised Biometrics
Dec01

Fintech Finance Season 3 Episode 13: Decentralised Biometrics

In this futuristic episode of Fintech Finance, we delve into the exciting world of Biometric Security. We visit Idex who give us the low down on why many Banks are looking at using fingerprint technology to enhance their customers security. We also visit Norris Koppel from Monese to discover how traditional Banking is becoming a thing of the past. Doug Mackenzie asks NatWest to see how a historic and conventional Bank is staying ahead...

Read More
Leveraging PSD2: How FinTech can get Ahead
Nov27

Leveraging PSD2: How FinTech can get Ahead

PSD2 has been on the horizon for some time. The frequent consultations on draft legislation have posed significant barriers for smaller firms seeking to map out its impact. Juggling the requirements of re-authorisation alongside other aspects of PSD2 such as implementation of new regulated products like AIS and PIS and revised security and risk management poses one of the most significant challenges for FinTechs and smaller firms....

Read More
Fintech Finance Season 3 Episode 12: Cards And Payments
Nov27

Fintech Finance Season 3 Episode 12: Cards And Payments

In this special episode of Fintech Finance, to celebrate the 50th anniversary of the plastic card, we take a look at cards and payments. We sent Doug Mackenzie to Munich to find out from Matica, some of their solutions when it comes to the actual manufacturing of plastic, and how this ties in with consumer demand. We also headed over to Greece to speak with Mellon Technologies, to get an understanding of where they see the role of...

Read More
Singapore Fintech Festival 2017
Nov27

Singapore Fintech Festival 2017

By Lea Jakobiak Why Singapore Fintech Festival is in a league of its own. What really makes an event great is the guest list, right? And in that respect, Singapore Fintech Festival did not disappoint. The likes of Christine Lagarde, Head of the IMF, Tharman Shanmugaratnam, Deputy Prime Minister of Singapore and Queen Maxima of the Netherlands were there, to name a few! Not bad given that this is only the second year the event is...

Read More
Cryptocurrencies and ICOs – A Rough Guide to Regulation
Nov27

Cryptocurrencies and ICOs – A Rough Guide to Regulation

Over the past few years there has been a growing proliferation of cryptocurrencies. More recently, companies which may have limited access to fundraising through traditional methods are turning to cryptocurrencies, and initial coin offering (“ICO”), as a means to raise funds. However, this “cryptocurrency mania”, especially new ICOs, has led (to some extent) to a regulatory backlash. Some authorities have issued total bans on ICOs,...

Read More
Fintech Finance Season 3 Episode 11: The Regulation Conversation
Nov24

Fintech Finance Season 3 Episode 11: The Regulation Conversation

In this episode of Fintech Finance we dive into the world of Regulation. With PSD2 and GDPR rapidly approaching we ask I.T Governance how they are solving the compliance issues that many companies are facing. We sent Doug Mackenzie to Sweden to find out from the Financial Supervisory Authority what companies can be doing now to alleviate some of their compliance worries. Over in Ireland we hear how Ulster Bank are using the new...

Read More
Open Banking: Opportunity knocks but once Banks must embrace PSD2 or Risk being left Behind
Nov23

Open Banking: Opportunity knocks but once Banks must embrace PSD2 or Risk being left Behind

Technology and legislation are blowing the cobwebs off the retail banking market. Banks who seize the opportunity to transform how they engage with their consumers will come out on top. Banks have traditionally operated in a closed market with little impetus for competition or transparency, which has been compounded further by high barriers and low incentives to switch banks. This has created a seller’s market offering few...

Read More
Oliver Riedel, Baader Bank: Biggest challenges that banks are facing currently
Nov22

Oliver Riedel, Baader Bank: Biggest challenges that banks are facing currently

Oliver Riedel, Baader Bank: Biggest challenges that banks are facing currently

Read More
Bank of Lithuania One of The First in Europe to Offer SEPA Instant Payments
Nov21

Bank of Lithuania One of The First in Europe to Offer SEPA Instant Payments

The Bank of Lithuania has expanded the capacities of its CENTROlink payment system to become one of the first locations in Europe where payment service providers can offer instant payments to their clients. This cutting-edge innovation will allow payments to be executed 24/7 throughout the year on weekdays and holidays, with funds credited instantly. “The promotion and implementation of payment innovations that bring benefits to both...

Read More
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...

Read More
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...

Read More
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...

Read More
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....

Read More
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...

Read More
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...

Read More
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...

Read More
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....

Read More
LendIt Europe 2017 Summary
Nov03

LendIt Europe 2017 Summary

LendIt Europe 2017 Summary

Read More
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...

Read More
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...

Read More
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....

Read More
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...

Read More
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...

Read More
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...

Read More
Bharat Malesha – SmartStream
Oct24

Bharat Malesha – SmartStream

Read More
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...

Read More
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...

Read More
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 –...

Read More
5 ways NOT to Lose Money with Online Payments
Oct23

5 ways NOT to Lose Money with Online Payments

Decta’s team shares insights into 5 important points to consider, how 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...

Read More
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...

Read More
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...

Read More
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...

Read More
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,...

Read More
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...

Read More
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....

Read More
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...

Read More
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,...

Read More
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...

Read More
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...

Read More
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.

Read More
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...

Read More
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...

Read More
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...

Read More
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,...

Read More
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...

Read More
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...

Read More
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...

Read More
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...

Read More
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...

Read More
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...

Read More