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As the popularity of card and mobile-based proximity payments has increased, so has the POS infrastructure. Between 2015 and 2019, the POS installed base grew from 47 million to 137 million units, and should keep expanding as Covid-19 pandemic bolstered contactless transactions. In particular the percentage of mobile POS (mPOS) among total payment...
06 July 2021 /payments
ESG investing is gaining momentum but how do fund managers and investment firms rapidly evolve to make it an integral part of how they do business? The climate crisis, corporate mismanagement, COVID-19, social justice movements – each in their own right have had a significant impact on how we perceive business value and business purpose. Combined, ...
05 July 2021 /sustainable /markets Trends in Financial Services
The pandemic has caused a sea of change in the adoption of technology amongst those in the financial sector. Established banks and financial institutions have opened their eyes to the benefits of innovations such as AI and chatbots. This has enabled them to automate their services and make themselves more efficient when they needed it most. Eve...
02 July 2021 /retail /cloud Digital Banking Trends
But that’s ok because they may be less Terminator and more Baymax! (I won’t explain Terminator but for anyone who hasn't watched Big Hero 6 with their kids, Baymax is a robot who can only help!) At our automation seminar this week we witnessed some interesting poll results. Although a relatively low percentage of advisers had automated approaches t...
01 July 2021 /wealth /predictions
Banking is no longer limited to four walls of a building. In the UK, three-quarters (73%) of consumers now use digital banking channels on a weekly basis, as people grow increasingly accustomed to their ease and convenience. But this isn’t without some downsides. Mobile functionality, blockchain integration and emergence of banking-as-a-service ha...
30 June 2021 /security /identity Banking Strategy, Digital and Transformation
The global payments ecosystem is incredibly complex. Simply put, there are a number of entities and intermediaries throughout the payments process that provide a piece of the puzzle and take a fee for their efforts. In some respects, it is a house of cards with each entity relying on others to manage their parts of the process. The complexity of ...
24 June 2021 /payments /retail Fintech
Data is produced and collected at an unprecedented scale by users and companies. However, GDPR regulations impose strict restrictions on internal and external data sharing for public and private organizations. This is problematic in many ways. Consider healthcare, for instance, where clinicians would like to understand possible outcomes of availab...
24 June 2021 /regulation /predictions Synthetic Data
At the end of March the United Kingdom’s financial watchdog – the FCA – has announced that crypto-involved companies in the UK are now obligated to submit financial crimes-related information in the form of yearly reports. Some may think that this kind of reporting could be considered a step back from the freedoms that the crypto industry promised...
23 June 2021
With the UK now out of the EU, the drive towards equivalence is giving way in favour of regulatory divergence. What will this mean for the UK financial sector? While the EU is pushing towards harmonisation of regulations around the world, the UK sees Brexit as a chance to restore power and give more discretion to their own regulators. This, it is
23 June 2021 /regulation
As the UK’s vaccination rollout continues apace, thoughts turn with cautious optimism to post-pandemic recovery. Financial institutions will play a crucial role in the country’s revival, as the facilitators of funding to businesses and consumers. One of the most effective things they can do to kick-start value creation is enter into mutually benef...
22 June 2021
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