Community
Fintech discussions and conversations around the development of fintech.
As the owner, you will also give up ownership if you leave this group.
Retired Member
When faced with disruptive competition – the now classic example is taxi companies and Uber – a firm at risk of disruption has effectively got three options: - Adapt; use the facilities available to you today to try and stay competitive. For example, offer discounts or change pricing; - Add; create new capabilities, either by your...
14 December 2020 /payments
Software testing is regularly subject to trade-offs - that is, attempting to cover as much of a codebase as is possible given time and resource constraints. Sometimes known bugs slip through to release and go unfixed because they are deemed low-risk. Within fintech, even small bugs can have serious repercussions for a development team… and for the...
07 December 2020 /devops
The key types of digital payments fraud, ecommerce risk management tactics, and the tools to fight back When it comes to digital payments, ensuring that all genuine transactions are processed smoothly while avoiding fraudulent ones can feel like a constant battle. As preventative technology evolves so does fraud, which is why constant vigilance ...
01 December 2020 /payments /predictions
Denis Ostapchenya Head of Financial Services at Andersen
Not long ago, traditional banks made a mistake. Due to inertness and conservatism, the world's largest financial organizations have missed out on the rapid growth of FinTech. Banks had to implement new solutions post-factum and in a rush, which cost them a share of the market which was taken over by young and daring FinTech companies. And now bank...
30 November 2020 /crypto
Konstantin Rabin Head of Marketing at Kontomatik
As the world changes, so too does innovations and technologies change and improve, in order to make life easier and convenient. This is clearly seen in the financial sector as many financial institutions are trying to adopt innovative and high-speed financial standards for the public. Fintech is short for financial technology. These are digital in...
25 November 2020
Unfortunately genuine customers are not the only ones shopping with customers this peak season. Fraudsters are also busy this time of year. To help identify potentnail fraud, here are four common online fraud types and how retailers can avoid falling victim to them. 1. Account takeover This is when fraudsters take over an existing customer accou...
25 November 2020 /security /payments
While every sector has been affected by COVID-19 in some way, the retail industry has experienced one of the most dramatic shifts of all. With the UK and much of Europe in a second lockdown many bricks-and-mortar outlets are being forced to close their doors once again and many retailers are fearing the changes that will come from this. Back in Ma...
23 November 2020 /payments /covid-19
Matthew Williamson Vice President of Global Financial Services at Mobiquity
COVID-19 and the rise of digital banking With social distancing guidelines still in place to reduce the transmission rate of COVID-19, many consumers have replaced visits to bank branches with digital banking solutions. Research by Finder shows that nearly a quarter (23%) of Britons opened an account with a digital-only bank this year. Even though...
18 November 2020 /retail
Roel Jansen SaaS Solutions Marketing at Temenos
The transition to next generation applications for core banking is a significant challenge for any incumbent bank. Globally banks spend millions of dollars annually on maintaining their core banking landscape. Largely, these systems are based on technology from the pre-internet era, not seldomly written in historic code languages like Cobol. Stil...
18 November 2020 /retail /cloud
John Cragg Chief Executive Officer at MYHSM
No longer new entities in the banking space, challenger and neo banks are now acquiring significant market share in the banking world. In fact, the Compound Annual Growth Rate (CAGR) of these banking sectors currently stands at 46.5% - a not so insignificant portion of the market. And with this set to increase further – to over $394m by 2026, no l...
18 November 2020 /payments /retail
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.