Trends in Financial Services

A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.

Alexandre Neves Manager at Capgemini Financial Services

Brexit, an overview

On 23 June 2016, UK has expressed the democratic will of leaving European Union. The outcome of Brexit referendum initiated the process that terminates the deep and special relationship between UK and EU. This relationship started in 1973, when UK joined the European Economic Community. Now, UK is expected to leave EU by March 2019, two years afte...

07 November 2017 /retail

Retired Member 

Digital Transformation Adaption or Extinction

Charles Darwin’s research showed it isn’t the strongest of the species that survives, nor the most intelligent, it is the one that is the most adaptable to change. This sentiment may have come to light in the 1800s but still bears great relevance to modern business, especially in the midst of the digital age. When it comes to explaining the concep...

18 October 2017

Retired Member 

Mortgages going digital .. the march of the robots

To have a mobile proposition is a given for lenders today. In a 2017 mortgage efficiency survey 80% of lenders provide affordability calculations, 66% can process a decision in principle and over half of lenders support the entry of a full mortgage application and case tracking. Digital offerings are on the increase with half of the lenders in th...

09 October 2017 /retail

Retired Member 

Unfolding Digital in Capital Markets

Over the years, digital technologies have found their way to many business areas within banking and finance. This is true now more than ever before, with specific technologies like Block-chain, Crypto currency, Robo Advisory etc being sought after by most financial firms. To adapt to the customer’s needs and expectations firms have been provoked

23 September 2017 /ai

Retired Member 

Open banking and the legal right to be forgotten

Open banking rests on enabling customers to give consent and control to a third-party relationship involving their data and transactions. This ability to help the customer manage this relationship is key for the bank. The customer has the right to terminate a third party relationship at any time and request to be forgotten. The legal right to be f...

05 September 2017 /regulation

Retired Member 

The Millennial Investor

I have heard many commentators state that the millennial investor is a rare breed. They are too focused on the here and now to worry about investing to grow their wealth for the future. Five years ago I could understand this view point but the tide has now significantly changed. This is driven by two key factors as far as I can see it: The older ...

07 August 2017 /inclusion

Nanda Kumar CEO at SunTec Business Solutions

Are APIs the new goldmine for banks?

The Post API World The future of banking is being completely altered by the Payment Services Directive 2 (PSD2) which comes into play in January 2018. PSD2 opens the floodgates to financial services innovation. Instead of making banking more complex, PSD2 is forcing banks to open up their systems of record to third parties, including non-traditio...

12 July 2017 /regulation

Retired Member 

Primer on DLT’s most famous prodigy - The Bitcoin Blockchain

Blockchain has captured the imagination of intellectuals and polity alike with economists, technologists, governments raving about its potential and how its poised to fundamentally change the world. Though the very genesis of blockchain was about disintermediating banking and introducing a transparency that didn’t require numerous layers of interme...

03 June 2017

Retired Member 

Top 4 Startup Goals in 2017

Running a startup is a difficult job, especially if you are not 100 percent sure whether you are going in the right direction. This is why long-term goals can help you shape your business plan and keep you on the right track. Still, if you set too ambitious goals, they will most likely result in a failure, while, if you set the bar too low, achiev...

10 May 2017 /startups

Anthony Walton CEO at Iliad Solutions

The biggest threat to the future of your payments business

I read a couple of articles this week which reinforced my belief that the biggest threat to most payments businesses is their inability to adapt quickly enough to the changing landscape. The first one was by John Seely Brown, the Co-Chairman for Deloitte’s ‘Centre for the Edge’, a body which develops research on new corporate growth. In their Tec...

09 May 2017 /payments