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The rate of innovation taking place today is enough to make any business feel permanently caught in a hamster wheel; trying to keep up with the latest trends to stay relevant. From small businesses to...
Overdraft fees have long been a source of contention between banks, consumers, and regulators. The $3 billion (£2.4 billion) in annual overdraft fees collected by UK banks represent money taken away f...
I have spent a lot of time at FinTech conferences over the last few years contemplating the impact of PayTech, RegTech, LendTech – and everything in between – on the future of the financial services i...
Introduction Non-Performing Asset (NPA) is a trending topic today across the banking industry. It is estimated that Global non-performing assets are around 3.5% - 4.2% of the gross loans and it stood ...
This month British Airways bosses are apologising to their customers for a ‘sophisticated, malicious, criminal attack’ on its website, app and ‘security systems’ which has left 380,000 customer recor...
The travelling salesman problem was mathematically formulated in 1800s by Mathematicians W.R. Hamilton and Thomas Kirkman. Considered as a classic algorithmic problem in the field of operations resear...
For the financial services industry, digital transformation is almost simply natural evolution; the logical next phase in its development. In many ways it is already a virtual industry by definition o...
As e-commerce continues to grow in popularity, so does the risk of fraud – particularly as card-not-present (CNP) payments are on the rise. Indeed, the most recent statistics from the UK Cards Associa...
A new approach to the personal approach Banking, like any industry, goes though cycles. It has trends. Through its over-arching forward progression, there are times when it learns from the past, just ...
Everyone’s talking about artificial intelligence and machine learning (AI and ML). But what’s often overlooked is the degree to which they depend on good data in order to be effective. It’s a symbiosi...
After the recent struggles of many retail stalwarts, much has been made about the death of the British high street. But the ONS’ retail sales index shows that 82% of all sales still take place in stor...
Whilst it is easy to “mourn” the loss of US$600bn in cryptocurrencies “value”, let’s pause there for a second. All the money in the world is backed by nothing but “full faith and credit” of the gover...