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Fintech discussions and conversations around the development of fintech.
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1. Collection of data in its original form Frequent modifications on the original source data makes it difficult for marketers to pre-determine the use of data for their marketing strategies. So it is important to store customer data in its original form to ensure that the data can be useful in the future. A Customer Data Platform designed for fin...
18 June 2019 /wholesale
Andrew Beatty Head of Wealth, Retirement & International at FIS
A recent article in Raconteur's "Future of Banking" supplement in The Sunday Times (U.K.) posed the following question: "Can banks and fintechs ever work together?" The short answer is of course yes, they can – but with a number of essential caveats that need to be considered in order to promote harmony and success with these ty...
13 June 2019
Keith Stonell Managing Director, EMEA at Guidewire
Fraud is an ongoing headache for the insurance industry. The Association of British Insurers reported that the industry detected 113,000 dishonest insurance claims in 2017, equating to a value of £1.3bn. The total number of detected insurance frauds, which also accounts for practices such as lying when applying for cover or ‘ghost broking’, was o...
10 June 2019 /ai
When it comes to fintech, the centre of the world is not the USA or the UK or Europe, it’s Africa. This is something that African tech-sector entrepreneurs such as Mzi Khumalo, Sibusiso Shabalala, and Segun Adeyemi know all too well. Here are just three reasons why fintech, the people who embrace it and the companies that create it, are the posi...
10 June 2019
Part one of this network series highlighted some recent network incidents that impacted the internet and public cloud providers and proliferated the wariness of public cloud. There’s no doubt that outage occurrences will continue to take place across the globe. Bad actors Financial firms need to be particularly security conscious due to the sensit...
06 June 2019 /security /cloud
Its seems that the hot topic in financial circles these days is artificial intelligence (AI), specifically voice-based apps. Some of this is driven by the fact that Google and Amazon are leading the charge in that direction in shopping, music and entertainment. But the fact is, if this nut can be cracked for banks and credit unions, it could be a g...
06 June 2019 /ai
By now pretty much the whole world is aware of the tragedy that hit Binance a few weeks ago and all the money that was stolen. But is this the end for Binance and cryptocurrencies or is there a lesson to be learned from all of this? We would argue and say that despite the downside of this whole situation, there are actually several lessons that can...
29 May 2019
The arrival of e-commerce and digital banking has been revolutionary for both financial services firms and customers alike. We have saved not only time, but also money as new marketplaces and low-asset business models have thrived on the flexibility afforded by open banking. Never before have we had better control over our money and financial serv...
24 May 2019 /regulation
22 May 2019 /startups
Earlier this year, the next big marker in the life of the second Payment Services Directive (PSD2) arrived, as participants in the European regulation’s new API-based ecosystem submitted solutions for testing by both payment initiation service providers (PISPs) and account information service providers (AISPs). That will seem like a lot of acronym...
21 May 2019
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