Latest opinions that Kunal Patel has shared on Finextra

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Kunal Patel

Product Manager

Member since

02 Aug 2015

Location

London, United Kingdom

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Kunal's opinions

Digital Transformation - It's Not All About Technology

Digital transformation is nothing new, in fact it’s probably one of the most talked about subjects I have ever come across, there are differing opinions on what the priorities are. I have been involved in a number of digital transformation projects myself, and I can see where some of the challenges are, esp. in the targeted larger organisations t...

12 November 2018 /retail

Creating the perfect chatbot

The world has gone chatbot crazy, certainly there is still a lot of focus on ‘virtual assistants’, as some people like to refer to them as. They are essentially used to mimic human speech where a human would be required via a messaging interface. As someone who closely works within the financial services industry, automation is certainly one of th...

08 June 2018 /ai Innovation in Financial Services

GAFA in Banking. Will They or Won’t They?

There has been a lot written over the past few years about the so-called impact that GAFA (Google, Apple, Facebook & Amazon) will have on banking world in the future. These large tech companies are so intertwined with our lives that it stands to reason that they should look at making a play into banking. Moreover, they have invested significan...

23 April 2018 /retail Open Banking

RegTech: Driving the Future of Financial Services

I am not an expert or an authority in the area of regulation and more specifically, RegTech solutions but I understand the importance of what RegTech can bring to the work being undertaken by FinTech start-ups and banks. I traditionally tend to focus on what's happening within the FinTech and banking industry, but I take an interest in other areas...

16 April 2018 /retail Fintech

Open Banking - Consumer Impact

I have read quite a lot on Open Banking over the last couple of years, what it means to the industry, the players and more importantly the consumer. The revised Payment Services Directive (PSD2) is required to be implemented in the UK by 13 January 2018. This will definitely change the banking experience, bringing with it more competition and innov...

05 December 2017 /retail Open Banking

What's It Really Like Working For FinTech Start-ups?

I get asked this question a lot by the corporate community with whom I am typically engaged with, usually this would comprise of senior figures from the BFSI community. The people I am usually in conversation with have never worked for a start-up, let alone have had any professional dealings with any. For those that know me well, I am not short of...

13 November 2017 /startups Fintech

Innovation Labs, Hackathons and Accelerators - Fad or Fab?

There has been a tremendous amount of debate as to whether innovation labs, hackathons or accelerators are indeed a success or just another way to garner public attention. The FinTech world has been awash with a lot of hype over the last 3-4 years but those working at a product/solution level see things very differently. As someone who is heavily ...

02 November 2017 /retail Innovation in Financial Services

Is The FinTech Bubble About to Burst?

It’s been well documented that the financial services industry needed some form of disruption and a move away from the traditional models. The industry as we know it has become too out-dated in the modern, digital world that we now live in. True product innovation, improved customer UX/UI were always going to be a problem for large financial insti...

05 October 2017 Fintech innovation and startups

Blockchain: It’s a solution; now what’s the problem?

I felt compelled to write something about the so-called Blockchain hype that we’re seeing today and to provide an alternative viewpoint. It’s a buzzword dominating the BFSI world and beyond and is seen as some form of saviour to a lot of different problems that exist today. The pros & cons have been well documented, either in white papers, arti...

29 September 2017 Fintech

Digitised Banking is Now... Digital Banking is the Future

The intention of this short article is not to talk about digital banking being the future, we all know it is and will be. I do feel there needs to be a clear distinction between what we're seeing now, what we'll see in the future and terminology. There has been a lot written about digital transformation and quite rightly so, if one industry is in d...

24 September 2017 /retail Digital Banking Trends