Retired Member
In the UK, fraud has become a significant concern, to the point where it has been reclassified as a threat to national security, elevating its status to that of terrorism. This highlights the importance of addressing fraud and its associated risks. Among the individuals most susceptible to fraud are politically exposed persons (PEPs) due to their ...
20 July 2023 /regulation /identity Banking Strategy, Digital and Transformation
Beyond traditional considerations of financial performance and market synergies, ESG factors are now becoming essential in driving the strategic business decisions of many firms. Major financial institutions are embracing the impact of ESG factors in their strategic choices, revolutionising capital markets and propelling businesses into a dynamic ...
10 July 2023
Most fintechs want to partner with banks - but it’s easier said than done. While banks are more open than ever to collaborating with outside parties, fintechs struggle to comply with stringent standards and outdated onboarding processes. Why banks partner with fintechs Banks are in constant competition with one another, working with the same regul...
10 July 2023 /payments /retail Digital Bank Transformation
Each of us has dealt with banks at least once in our lives: opening an account, receiving a scholarship or salary, paying for utilities. The average citizen, who is not involved in the world of financial service providers, does not really understand what palette of financial institutions the fintech sphere offers. Recently, a new category of entit...
06 July 2023 /payments Fintech World
Some of the most common ways available to invest today are in stocks and bonds, real estate, and cryptocurrency. Deciding which investments are suitable for personal financial growth depends on the available capital, risk tolerance, and potential income. Real estate investing is a popular choice. It allows for regular, predictable passive cash flo...
05 July 2023
As our reliance on interconnected systems grows, so does the vulnerability of Britain’s financial sector to cyber attacks. Malicious actors exploit weaknesses in the networks, software, and hardware of financial services organisations, targeting sensitive data, critical infrastructure, and personal privacy. In this ever-evolving digital era, it be...
According to Wikipedia, “in science, computing, and engineering, a black box is a system which can be viewed in terms of its inputs and outputs, without any knowledge of its internal workings. Its implementation is "opaque" (black) .The opposite of a black box is a system where the inner components or logic are available for inspection, ...
04 July 2023 /regulation RegTech
Data continues to be a hot topic, with recent breakthroughs such as ChatGPT highlighting even more the transformational effect that AI and data will have on the way we live and work, and how service providers engage with customers. The key thing to remember, however, is that the true power of AI – and the value it can bring – relies on the quality...
03 July 2023 Banking
Something has to be done to reduce the gargantuan amount of time it takes European consumers on average to get through checkout on an eCommerce website. That was our main takeaway from the PhocusWright EU 2023 that took place earlier this month in Barcelona. The European eCommerce landscape is often characterized by a slow checkout process, with an...
29 June 2023 /payments /regulation The future of Payments in Europe
As businesses increasingly rely on digital payment systems to drive their transactions, building better customer experiences has become a top priority. One of the most effective ways to achieve this is through collaboration between payments and customer teams. By working together, they can streamline transactions and resolve customer issues faster...
21 June 2023 /payments /people Customer Service 2015-2019-2025
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