Insights

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Challenger CEO reacts to CMA’s bank rankings

20th August 2018

Company: bobsguide
On the 15th of August, the UK's Financial Conduct Authority (FCA) and Competition & Markets Authority (CMA) released data on quality of service for the first time, marking a historic step for Open Banking and putting a mass of customer data in the hands of fintechs and comparison websites. Of particular interest was the omission of a... read more
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Should payments businesses become consumer brands?

17th August 2018

Company: bobsguide
A recent Intrapay study into consumers’ ecommerce experiences revealed the key conundrum facing payment processors; the challenge of providing simpler payments while offering optimum security. Some 90% of the 650 respondents to the study reported that security is the most important aspect of their online payment experience. Yet four in... read more
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Major move towards production: Ripple's new US, Mexico and Philippines liquidity hubs

16th August 2018

Company: bobsguide
Cross-border payments company Ripple has today announced partnerships with Bittrex, the digital asset exchange for xRapid through US dollars, Bitso, the digital asset exchange for Mexican Pesos, and Coins.ph digital asset exchange for Philippine Pesos.  This year, Ripple has been busy forging partnerships with... read more
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5 impacts the OCC ruling could have for bank CTOs

16th August 2018

Company: bobsguide
The US OCC will soon be accepting applications from non-deposit taking fintech organisations to operate as banks on a nationwide basis, and early predictions suggest many firms will seize the opportunity. The ruling could shake up the retail and business banking sectors but there could be significant changes for fintech buyers. Here’s just... read more
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UK's FCA/CMA banking surveys: fintechs given crucial market intelligence

16th August 2018

Company: bobsguide
As reported yesterday, the UK's Financial Conduct Authority (FCA) has enforced new rules requiring providers of personal and business bank current accounts to publish information on service quality twice yearly that will help customers to compare accounts from different providers. The survey data from the Competition & Markets Authority... read more
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US OCC fintech charter to change banking landscape

15th August 2018

Company: bobsguide
The new ruling that will see the US Office of the Comptroller of the Currency (OCC) begin accepting national charter applications from fintech firms – essentially granting tech-first companies bank-like status – could see agile, progressive entities enter the market. “The OCC has truly opened a window for all those fintech... read more
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10 leading bill payment and invoicing software platforms

15th August 2018

Company: bobsguide
As a freelance contractor or sole trader, it can be difficult staying on top of bill payments and invoicing – but the vast majority of businesses simply cannot operate without an effective billing and invoicing software solution in place. Not only do these systems help companies to process and issue mass payments, but they also fill a... read more
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BoE: "Synchronisation innovative step for new Real-Time Gross Settlement"

15th August 2018

Company: bobsguide
The Bank of England (BoE) is looking to work with a range of organisations, including fintech firms, to explore the demand for implementing synchronised settlement in the renewed Real-Time Gross Settlement service.    During 2018 the Bank engaged with financial institutions, infrastructures, trade bodies, policy makers and fintech... read more
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FCA and CMA release UK bank scores in line with Open Banking

15th August 2018

Company: bobsguide
The UK's Financial Conduct Authority (FCA) and Competition & Markets Authority (CMA) has released data on quality of service for the first time, marking a historic step for Open Banking and putting a mass of customer data in the hands of fintechs and comparison websites.  From today, banks must publish information on... read more