Retail Banking Systems Insights
19th October 2018
Many large, global financial services institutions are facing mounting pressure from new, tech-first competitors. The continued rise of fintech, the emergence of Open Banking and a desire by regulators to promote a more competitive financial services market have all led to real change in the banking industry.
Companies which have historically... read more
18th October 2018
The Open Banking Initiative, brought in by PSD2 on January 13, heralded the start of a new dawn.
A key proponent of European Banking Authority (EBA), Financial Conduct Authority (FCA) and Competitions & Market Authority (CMA) policy, the permissioned release of customer data to third parties (TTP) from the incumbent custodians has already... read more
11th October 2018
As new challenger bank N26 comes to the UK market, the question of how far the challenger banks can go to dominating a customer’s financial life is being asked all the more frequently.
When prompted on whether N26 would look to become the app for everything, Alex Weber, N26’s head of international markets, said the appetite for such... read more
10th October 2018
Rachna Ahlawat, EVP and co-founder of Ondot Systems, expressed concerns about how Open Banking could take the one click payment process to something more cumbersome for consumers at this week’s PayExpo conference, in central London.
“With the Open Banking initiative and having to validate every transaction that comes, the one time... read more
10th October 2018
Digitization is everywhere – it’s a topic for virtually every industry forum, banks are either committing to ‘digital everything’ strategies, appointing digital banking chiefs or increasing their technology budgets. Some are even launching “digital-only” subsidiaries as a faster way to go digital. Books about... read more
5th October 2018
German fintech N26 has begun its phased launch into the UK.
The country has seen many a challenger bank set up shop in the last 10 years with Monzo (2015), Starling (2014), and Atom (2014), as incumbents increasingly fail in areas of customer service – according to recent CMA rankings. Many high profile tech failures such as TSB have led... read more
5th October 2018
The challenger banks do not only have to stick to the old adage of hitting the ground running - they need to sprint. With incumbents increasingly pouring resources into innovation programmes, the challenger banks are in a race against time to offer their unique capabilities before others replicate them.
The ’small 4’ retail banking... read more
4th October 2018
Since the financial crisis started in 2008, institutions around the world have had to deal with regulation after regulation being introduced to increase transparency and to create a safer, robust and more transparency transparent financial system. Between 2009 and 2012 alone, more than 50,000 regulations were published across the G20, with almost... read more
2nd October 2018
At the recent Amazon Web Services FS Insight conference, Jonno Southam, venture capital business development manager at AWS led a panel with Jai Juneja, head of tech investment at Seekventures and Kartik Varma, co-managing director at the Barclays Accelerator. The conversation focused on how fintechs are investing, as the panellists identified... read more