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Dear Banks, Thank you for your branches. For the long queues, the tasteless coffee and the free crackers while I have to wait for two weeks in your branch to open a bank account. Thank you for clearing cheques in five days. Thank you for the hidden and exorbitant fees. Thank you for building security features that are so secure, even I’m not clever...
11 July 2017 /retail
If you are struggling to create or maintain momentum in your automation initiative, the answer may be simpler than you think. Organisations that are successfully managing automation and digital service and transaction delivery are those who are creating and following an incremental approach that maps out where to start and how to evolve over time ...
29 June 2017
Michael Pearson Founder at Clarus Investments
The evidence from a sample of 20 fintech startups in the UK is that there are substantial profitability challenges that still need to be overcome. As of June 2017, the total equity investment in the sample companies I have looked at has been £852m. The total valuation of the sample at the last valuation round for each company was £2.6bn, but none ...
27 June 2017 /startups
Have you ever wondered what it takes to start a bank or an e-money institution? Perhaps you think it’s out of the realms of possibility for anyone other than those that know the ins and outs of complex banking regulation. Or you might think that, with the influx of new financial services providers entering the market, it’s not as difficult as some...
21 June 2017 /retail /startups
Last week, I had the opportunity to attend Consensus 2017, Coindesk's 3rd annual blockchain technology summit in NYC. It was a great learning experience to be midst among the who's who of the blockchain ecosystem and to see blockchain in action. On the very last day, I was in conversation with Kevin Worth, the CEO of CoinDesk on the success of t...
30 May 2017
The “American Dream” was one of those overused buzzwords until a few decades ago. That promise of "No matter who you are, where you come from, if you work hard to reach your goal, you can achieve success" drew several aspiring entrepreneurs to the land of opportunities. Due to the drastic and dramatic changes in the American society ov
30 May 2017 /startups
Sameer Singh Jaini CEO at www.TheDigitalFifth.com
Fintechs have started collaborating with banks across multiple areas and have begun helping the bank in building innovative products / services. This collaboration is happening across lending, deposits, payments (UPI leads the way), investments etc. This new relationship amongst Banks and Fintechs is creating immense pressure on bank’s internal sys...
24 May 2017 /retail
At least 10 teams in Germany are currently trying to build a new fully digital insurer. Among them are for example the startup Ottonova from Munich or the Finleap Venture Element. Other young tech companies secretly work on their ventures. There are significant entry barriers to build a digital insurer in Germany and it holds a lot of risks. With
17 May 2017 /startups
This year started out to be yet an exciting one for Financial Technology, I think it is safe to say 2017 is “the year of Fintech”. I support my statement by drawing attention to the growing interest in these solutions among traditional retail banks. The consumer wants their life to be as mobile as possible, so even the traditional banks have been ...
16 May 2017 /inclusion
The banking sector simply isn't lending. And when they are, lending to the wrong businesses. Access to finance continues to be a significant concern for small to medium sized enterprises (SMEs) compared with large enterprises. More SMEs experience issues with bank loan financing compared with corporates. This is worrying considering for two reason...
11 May 2017 /retail /startups
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