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Retired Member
As anyone involved in product development will tell you, the push towards instant, more transparent cross-border payments is growing stronger with every day that passes. SWIFT’s ‘Global Payment Initiative' (gpi) is one of the more recent innovations that has real potential in helping businesses realise this goal. By connecting every party in the p...
13 May 2021 /payments Payments strategies 2015-2020-2030
The pandemic has fuelled the gig economy in ways we have not seen or experienced before. As individuals think about career prospects, the ending of furlough, and the natural downsizing agenda that firms follow when the climate becomes challenging, personal income diversification becomes front of mind. According to the FSB … "at the start o...
13 May 2021
The classical approach of targeting clients on the loan market is to sell the loan product based on communicated parameters. Banks display features of the products as a primary acquisition driver. They usually compete in speed of the approval process, interest rates, flexible duration. However, the world around us and customer needs are changing s...
12 May 2021 /retail /startups Fintech
The EU’s new Sustainable Finance Disclosure Regulation (SFDR) regulations are here, and they signal future change for the rest of the world. The Sustainable Finance Disclosure Regulation, considered by the European Commission as the basis of their action plan on sustainable finance, came into effect on 10th March 2021. Aiming to trigger behavio...
10 May 2021 /regulation
The surge in digital payments brought on by the pandemic is already well storied. Almost anyone who’s bought something in the last year can attest first-hand to the rise in e-commerce and contactless payments. But let’s be clear, this is not a sudden transformation. The critical digital infrastructure for consumer payments was laid over the last d...
06 May 2021 /payments Payments strategies 2015-2020-2030
On the path to global net zero carbon emissions, the finance industry is a key driver while technology is an enabler of sustainability. To make meaningful progress to mitigate climate change, the global finance industry needs technology to mobilize investments and quantify climate risk. Financiers also must adopt collaborative, secure and trusted ...
05 May 2021 /sustainable Going green
Remote or hybrid working is the new norm, but it can be a bit of a nightmare for compliance officers. As the UK emerges from lockdown many businesses are going back to work. However, this is not a complete return to normal. Business has changed. It is going “hybrid” with many people expecting to work from home at least part of the time. According...
05 May 2021 /regulation
Big, traditional banks are not perceived to be at the forefront of innovation, but they get there eventually. Incremental change, however, is unlikely to be a winning strategy in the uncertain new playing field created by Covid-19. It is already clear that traditional lenders must take urgent strides towards digitalisation to build resilience in a...
30 April 2021 /retail /wholesale Banking Strategy, Digital and Transformation
There are over 163 million payment cards in circulation in the UK, including credit, debit and commercial cards (b2b). These payment instruments are the main staple for banks, as everyday usage drives volume-based income for these institutions. Cards is also a significant growth market for financial services providers, as transaction volumes cont...
30 April 2021 /payments
Disruption is continuing to play out in financial services. In fact, 2020 was the year when the market capitalization of the top four payment companies, including PayPal and Square, eclipsed the market cap of the big six banks on Wall Street. Over the last ten years the total market value of banking and payments provided by traditional banks has d...
29 April 2021 Banking Strategy, Digital and Transformation
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