Insights

It is likely that we won’t understand the full extent to which the pandemic has changed our lives until we are looking back at 2020. As people have remained home (and isolated) during the pandemic, they have resorted to purchasing their daily needs online.    It is easy to assume that the pandemic has significantly accelerated the... read more

It’s been a tough year for financial market participants in the UK, with the pandemic causing turbulence and uncertainty around Brexit undermining future strategy-building. Next year looks set to be almost as chaotic, as the country looks to rewrite its rulebook while maintaining its stake as a global financial powerhouse. For fintechs, it... read more

It’s been a tough year for financial market participants in the UK, with the pandemic causing turbulence and uncertainty around Brexit undermining future strategy-building. Next year looks set to be almost as chaotic, as the country looks to rewrite its rulebook while maintaining its stake as a global financial powerhouse. For fintechs, it... read more

The UK is a leader in the field of open banking. 2019 was a mammoth year for the country’s open banking ecosystem, when UK open banking hit one million users, regulated providers grew to 204 and there were 1.25 billion API calls. There is no doubt open banking has helped lift London into a position of global leadership in the fintech... read more

The pandemic has forced banks to accelerate digitisation programmes and permanently changed working habits according to Gerald Walker, CEO of ING Americas. Walker made the comments at BAFT’s 2020 Virtual International Convention and was speaking alongside Anne Clarke Wolff, chairman of global corporate and investment banking, Bank of... read more

In September the UK’s Open Banking implementation body (OBIE) announced a significant uptake in the number of Open Banking service uses in the UK, with over two million people now benefiting from Open Banking products. This represents a 100 percent increase in users in just over six months since the start of the global pandemic. Both... read more

Viable businesses in Britain will require more low-cost finance for investment if they are to survive the blows of the pandemic – and it must come in the form of a “major commitment from the financial services industry”, warned the Governor of the Bank of England Andrew Bailey in a speech this week. Also this week, Bank of... read more

A vaccine to the coronavirus will not bring much change in consumer confidence in the next quarter, according to a panel of finance directors at  this year’s CFO Virtual Agenda. “At the moment, we are working on a scenario that the first half of next year most closely looks like the second half of this year,” said Will... read more

With the global pandemic came a global need to reorganise, replan and rethink spending for businesses across industries, as the impact of lockdowns and changing consumer behaviour was felt. While IT costs are just one element of business budgets, technology now underpins the effective function of almost every organisation. At the same time,... read more