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Fintech discussions and conversations around the development of fintech.
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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
Retired Member
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
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
Sam Boboev Founder at Fintech Wrap Up
In 2010–2012, something began to change in people’s behavior. The changes happened so slowly and naturally that most of us did not even pay attention to them. 10 years ago, the iPhone 4 was already on sale we used the phone as a tool that performs certain functions: make calls, check the map or listen to songs. Now smartphones have become our compa...
06 November 2020 /payments /startups
Claus Christensen CEO at Know Your Customer
The lens through which we have traditionally looked at anti-money laundering compliance is changing. This is due to a number of factors. First, there is the rise of FinTechs, whose whole functioning and success is based on a digital-first approach and a customer-centricity that were not common in financial services until recently. Then there is a...
06 November 2020 /regulation /crime
Conchur Gill Associate Partner, Payments at Be | Shaping The Future
Much of the discussion on the FinTech phenomenon in recent years has referred to FinTechs coming to market with differentiated products and innovative business models to challenge incumbents. Excitement about the growth potential of these companies has led to some confusion, especially on the issuer side of things. There is a common conflation betw...
04 November 2020 /payments /retail
Fintechs, perhaps surprisingly, don’t see a future where they have won and incumbent players have lost. J.P. Morgan says “challenger banks expense bases are every very well developed and their revenue channels or their ideas for how to monetize their customers are very, very underdeveloped.” “By far the most popular [business strategy] has been ‘we...
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