Latest opinions that Mark Aldred has shared on Finextra

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Mark Aldred

Head of Sales

Auriga

Member since

07 Jun 2016

Location

London

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Mark's opinions

Is there a vote for improving access to cash and services with smarter fintech?

2024 is a year of multiple elections . Now the UK has been added to the list with its general election called for July 4th. This led me to think how much the loss of in-person banking services and the demand for better alternative solutions using new technology should be an election issue. Of course, there are bigger election issues but access to ...

30 May 2024 /retail /inclusion Banking

A Magnificent Seven Retail Banking and Fintech Trends to Spy in 2023

1. Collaboration made easy with platform-based ecosystems In this interconnected modular digital world, acting alone is too onerous for most companies. As such, working collaboratively to complement, adjust and support joint efforts is essential to leveraging digital ecosystems. This shift towards platform-based ecosystems is expected to gain mome...

01 February 2023 /retail /predictions Banking

Could the FCA and Fintech Rewrite the Rules for Branch and ATM Cuts?

On 26th July 2022, the FCA ended its consultation on whether its guidance on how banks close branch and ATMs services should be changed. This consultation was significant because it acknowledged current guidelines on these services were cut or altered were not working. So what should happen next? More Transparency From the FCA and the banks, we do...

28 July 2022 /retail /inclusion Financial Services Regulation

Access to Cash Consultation Deadline Looming

In a month's time, the UK government’s Access to Cash consultation will close. Ahead of the September 23rd deadline, the drumbeat of bank branch closures and loss of ATMs has not decreased. Most of the major banks like HSBC and Lloyds are shuttering more branches across the country this year, eliminating access to cash and quality financial s...

31 August 2021 /retail /inclusion Banking Strategy, Digital and Transformation

Let’s Use Digital Technology to Transform Not Break Branch Banking

Three months into 2021 and we are seeing more bank branch closures on the cards with HSBC unveiling their plan to close branches. Of course, this isn’t unusual news. Legacy banks are suffering a perfect storm; massive reductions in customers utilising traditional banking channels and new entrants seizing market share with innovative digital only ...

18 March 2021 /retail /inclusion Banking Strategy, Digital and Transformation

How the impact of COVID-19 could accelerate next generation bank branch transformation

COVID-19 and the lockdown has had a profound effect on all aspects of our economy and society. This includes banking and access to money. Indeed, as recently reported in Finextra, MPs wrote to the Chancellor and asked him to act now to protect the UK cash infrastructure from imminent collapse, as people shun ATMs due to the Covid-19 outbreak. Th...

18 June 2020 /retail /covid-19 Banking Strategy, Digital and Transformation

Technology can transform relationships between banks and their customers. For the better.

Does increasing use of technology need to mean that business and personal interactions will be increasingly anonymous and purely functional? I believe not, and that banks should be using technology as a way to build personal relationships, not eliminate them. It’s acknowledged that banks face mounting pressure to control costs. Customers are dem...

22 September 2016 /retail