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Fintech discussions and conversations around the development of fintech.
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Wherever we look, there is a constant push towards going paperless. Whether it is in industry, offices, and now banking, there are many benefits for doing so. For some, the main factor is reducing waste and projecting a green image, but at the end of it, a paperless world is simply a more convenient and efficient one. And it should come as no surp...
23 September 2019
There is a growing concern for the large number of underbanked and unbanked members in our society. While there has been a drop from 8% in 2011 to 6.5% in 2017 of underbanked and unbanked people in the US, the world has now more than 1.5 billion people still living without a bank account. It can be easy to dismiss this as a poverty issue, but it i...
“Residual income is passive income that comes in every month whether you show up or not. It’s when you no longer get paid for your personal efforts alone, but rather, get paid for the efforts of hundreds or even thousands of others and on the efforts of your money. It’s one of the keys to financial freedom and freedom of time”, — Steve Fisher, “Re...
20 September 2019 /inclusion
Paul Shumsky Founder at @Finpace.tech
In the next few years, strong growth in the Asian mobile wallet industry is expected to be replicated in the US, as consumers come to appreciate the full scope of financial capabilities that mobile wallets have to offer them. US retailers like Walmart, Starbucks and Dunkin Donuts have experienced good uptake in their company-branded wallets, while ...
18 September 2019 /payments
Konstantin Rabin Head of Marketing at Kontomatik
The advantages that fintech brings to the industry cannot be taken lightly, especially after we’ve seen so many traditional companies switch to this new understanding. In the past, there was absolutely nothing that could challenge traditional finances. The bank was the only place where you could possibly store your cash, and hope for some kind of r...
16 September 2019 /regulation /inclusion
Keith Stonell Managing Director, EMEA at Guidewire
Cyber-attacks are hardly new news, but they are an ever-changing threat. The cyber landscape does not stand still for long, and with each new technological innovation, hackers find new vulnerabilities to exploit for their benefit. Even with existing technology, hackers never cease to find new ways or loopholes for intrusion. The threat is coming f...
11 September 2019 /security /regulation
The financial services sector is fast evolving right before our eyes and in the midst of a technological revolution. Financial institutions are changing the way they think and new customers have more options than ever at their fingertips. The Fintech industry has to face a whole set of new regulatory challenges, and need people who will be able to ...
11 September 2019
Banks have traditionally been closed entities, guarding their proprietary assets and frustrating Fintechs by focussing on scale and stability rather than innovation. The prevailing reaction to the emergence of Fintechs was to defend their businesses and their customer bases from the new pretenders, rather than leverage innovative ideas through col...
29 August 2019 /cloud /devops
The concept of governance, risk and compliance (GRC) isn’t new. However, the process of implementing GRC in an integrated and synchronised manner, aligned with business processes and strategic objectives, is something many organisations continue to struggle with. Integrated GRC demands that several roles work in harmony. Audit, risk management and...
28 August 2019 /regulation
Fintech has a history of supporting the disadvantaged going back decades, but is it possible that it will eventually become the engine of change in the same way as some more traditional businesses? After all, private family run concerns in particular have frequently spawned philanthropic ventures such as Andrew Nisbet’s The Nisbet Trust, John Den...
20 August 2019
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