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On 14th June 2018 the World Cup kicked off in Russia. What was tipped to be a battle between Portugal’s Cristiano Ronaldo and Argentina’s Lionel Messi has actually turned out to be arguably their biggest failures. And it’s not just those two household names, Spain and Germany who were also front runners to win the competition, have prematurely cra...
02 July 2018 /startups
Competition has long been heralded as key to driving economies and industries forward. When firms compete, it’s believed that consumers get the best possible prices, quantity, and quality of goods and services. Despite this method being seen as the optimum for both sides, it’s actually proven detrimental to businesses looking to increase customer ...
27 June 2018 /payments /inclusion
In wake of the Cambridge Analytica scandal, the real price of ‘free’ tech platforms has been exposed. Access often comes at the cost of handing over reams of your personal data. GDPR, data protection regulation that triggered the inbox-cluttering privacy emails in May, should help protect consumers by requiring companies make clear what personal
19 June 2018
Sally Yates Director at Xceptor
With the 2018 World Cup upon us, let’s talk about account opening in football terms. After all, England manager, Gareth Southgate, insists the England squad has no limits and with new margin rules in 2019/2020 meaning a massive increase in account opening volumes, Team Account Opening will need a motivational manager. Southgate is encouraging his...
14 June 2018
I find myself sitting in Schiphol Airport, trying to switch off. But I can’t. As with everyone that went to Money 20/20 Europe, I’m exhausted. But I leave the show excited by the progress the payments community has made in the last year, my head still buzzing with the evolution in the story we’ve seen on topics such as identity, privacy and securi...
13 June 2018 /payments
Ben Goldin Founder and CEO at Plumery
Financial institutions hoping to keep pace with rapid customer and markets changes have to first change how they think about technology if they want to survive in a digital world. Instead of seeing it as something that has to be done at great length and expense, it should be seen as a strategic advantage - if the right approach is taken. Given t...
12 June 2018
Raj Chaudhary Financial Service Consultant at Infosys
Introduction 25 years back, Mr. Bill Gates dismissed banks as "Dinosaurs”. Mr. Gates could see the future as it holds true to the current scenario. Its 2018. But has banks became oblivion? I believe they are not. They are still present and will be in the market for longer than expected. As long as banks dominate lending, investing and deposit...
07 June 2018
On May 31st, the FCA published their much anticipated consultations on High-cost Credit (CP18/12) and on Overdrafts (CP18/13). Covering rent-to-own, catalogue credit, store cards, home-collected credit, bank overdrafts and other high-cost credit alternatives, the papers put forward a number of new measures designed to give customers greater co
05 June 2018 /regulation
Sarah Jackson Director at Equiniti Credit Services
The mispricing of risk in consumer credit is a threat to all lenders, particularly those that lack flexibility, explains Sarah Jackson, Director, Equiniti Credit Services. Years of low interest rates and fierce competition in the UK credit market has created a price war. Lenders are using cheaper loan products with wider consumer appeal to retain e...
25 May 2018 /regulation /retail
Change is in the air. The relationship between financial institutions (FIs) and fintech can be very synergistic, rather than parasitic. American FIs are embracing that fintech is not their enemy. Some of this is due to a change in mindset by fintech (and perhaps VCs) that partnering results in better outcomes at this point, than competing. At t...
17 May 2018 /retail
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