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
Modernising a bank is not easy and most of the difficulties come down to legacy systems. Banks need to adopt new digital core banking platforms, but what’s blocking adoption are the worries that come with transferring data from a legacy system to a new digital one. The two main worries any bank has when looking to modernise systems are: Will i...
25 July 2018 /retail
Currently, in the world of finance, there is a growing number of banks and Fintech services trying to compete by offering various solutions to their users─rich with features, functions and innovations. At the same time, the expectations of the users are growing rapidly as well. Once the user has felt what it is like to utilise a great product, the...
17 July 2018
There is plenty of talk about cybersecurity both internally and externally. And it’s no surprise that cybersecurity in the financial sector in particular is a huge industry. Cybercrime in general is a $600 billion industry, and at some point in all those breached accounts and compromised security, financial institutions will pay either directly or...
12 July 2018 /security
Aamil Ghani Associate at Bovill
On the coat-tails of Monzo, Starling and other ‘challengers’, e-money and payment service providers are increasingly looking to “upgrade”: become authorised to be a bank. There is a logical path to be taken: starting as a payment services firm, which is not able to hold customer balances overnight, to becoming an e-money firm, which can hold e-wal...
10 July 2018 /regulation
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
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.