In today’s world of collaboration between the Financial Institutions and Fintech there could be a number of reasons for looking to partner with a technical provider rather than attempt to create a new product internally. A subject previously discussed. Whether looking to modernise incumbent infrastructure, maybe launching additional new products wi...
07 March 2024 Financial Transformation
An account that will let you accept, store and send funds in multiple currencies with the ability to exchange between currencies. But there are different ways this can be achieved. 1. Multiple single currency accounts accessed through one portal. This may give you a single interface in which you can manage multiple currencies, with sepa...
09 February 2023 Banking
The priority for most new Fintech’s at the outset of your journey will be to get a MVP. This may be to attract investment, get to market and therefore onboarding clients and generating revenues as quickly as possible. Many start out with a clear idea of what you are going to be bringing to the market and how you will be improving the lives of your ...
15 February 2022 Electronic Bank Account Management
The Central Banks are looking to create a system that enables anonymous payments?
We already have the ability to move money electronically as a replacement of cash.
02 Aug 2024 10:56 Read comment
Can someone please explain to me the benefits of a Bank issued digital coin?
What will it achieve that cannot be achieved with existing technology?
02 Aug 2024 08:28 Read comment
In order to manage innovation to effect change the first thing that needs to change is the mindset and way of thinking. For too long the finance industry has been stuck in its way of thinking meaning anything new that has been adopted is just another version of what went before and has, at best, papered over the cracks rather than moved anything forward. Instead, it is imperative to identify the problems, challenges and opportunities that exist (or are foreseen) and design a solution that will answer them. Only then should we choose a technology that best meets the need of that solution with new thinking, looking outside of the existing cosy club of vendors. This will result in new infrastructure and systems designed for the financial requirements of the future.
The question is, is BoE prepared to listen to new technology providers?
01 Aug 2024 15:37 Read comment
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