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Fintech discussions and conversations around the development of fintech.
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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
Retired Member
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
Sophia Brooke Project Manager at Independent Consultant
The banking and financial industry have always been early adopters of the latest tech gadgets, in the hope that these investments would grant them a competitive advantage, a cost reduction or improved processes. AI is the latest and most promising technology so far since it aims to mimic and enhance human abilities. It can perform fast computations...
13 May 2018 /ai
Paul Grimbers COO at The Glue
The financial services arena is fraught with challenges... Ongoing regulation, increasing competition, an unstoppable demand for digital services, whilst all the time internal demands to drive down operating costs – and this is just a high level summary! Whilst everyone is aware that culture is very important, the fundamental ingredient to overcomi...
01 May 2018 /wholesale
Patrick Bermingham CEO at Adflex
Today’s digital payments tech is delivering far more than process and cost efficiency in the B2B supply chain, says Patrick Bermingham, CEO, Adflex – it’s also creating new value by changing how buyers and suppliers find and do business with each other. A surprising number of big organisations still rely on traditional paper invoicing and BACS to p...
26 April 2018 /payments
A recent report from the Artificial Intelligence (AI) Index, assessing progress being made in AI technology, states: “There’s no question there have been a number of breakthroughs in recent years… but it’s also clear we are a long way from artificial general intelligence.” Despite being in its infancy, conversations surrounding AI’s potential to r...
25 April 2018 /ai
Why Zuckerberg’s Congress appearance sounds a stark warning to financial services companies. When Mark Zuckerberg was called in for two days of questioning by Congress earlier this month, the world waited to hear what questions these powerful lawmakers, many former lawyers, had to ask. With the CEO founder of Facebook in the hot seat, would they a...
24 April 2018 /regulation
Sundara Balaji BFSI | Practice Strategy at Bahwan Cybertek | Financial Services
Most conversations around banking and Fintech feature two themes - API monetization and digital innovation. However, that’s where the similarity ends, because the two impact the banking industry in very different ways. Case in Point 1: ING – Digital Innovation ING was the first major bank to see a potential alternative business model in the digital...
19 April 2018
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