Retail banking - Long Reads, News, Articles & Research: Finextra

IFGS 2022: Starling Bank's Anne Boden on profitability and VC capital

Anne Boden, Founder and CEO or Starling Bank, spoke at the Innovate Finance Global Summit, the flagship event of UK FinTech Week, where she discussed the challenger bank’s road to profitability and Starling’s aim to take a bigger chunk of the market share. Her key points included: Starling vs. competitor brands – “When we started Starling in 201...

05 April 2022 /retail

Data volume: Turning a data problem into a business opportunity

Madhvi Sonia Head of Content at Finextra

Data volume: Turning a data problem into a business opportunity

15 years ago, innovation had stalled. Banks were licking their compliance wounds, hedge funds came into existence because of arbitrage around capital adequacy and risk, and innovators became frustrated at the lack of creativity around customer servicing. The post-financial crisis fintech evolution provided customers with what they required at the t...

25 March 2022 /retail

Moving embedded finance from the back burner to the forefront in Italy

Federico Roesler Franz General Manager Italy ad interim at Solarisbank

Moving embedded finance from the back burner to the forefront in Italy

When we talk about innovation in fintech and embedded finance, we must consider that the Italian market is a little behind its European neighbours, but this means that it has the biggest potential for growth. Our recent report with Finextra, ‘The Future of Embedded Finance 2022: Which European stakeholders will win or lose?’ highlights that Italy ...

17 March 2022 /retail

Embedded finance is not a new concept (but it’s particularly bubbly in France)

Jean-Francois Guillaumin General Manager France at Solarisbank AG

Embedded finance is not a new concept (but it’s particularly bubbly in France)

Despite the phrase dominating headlines over the last year or two, the embedded finance market is not a new concept in France. Our recent report with Finextra, ‘The Future of Embedded Finance 2022: Which European stakeholders will win or lose?’ discussed how momentum toward embedded finance has been building slowly but surely over the past decade....

03 March 2022 /retail

Why healthy tech partnerships should rank high on banks’ business strategy

Paige McNamee

Why healthy tech partnerships should rank high on banks’ business strategy

First and foremost, it’s clear that financial institutions must build a comprehensive (and coherent) technology strategy in order to select and effectively work with technology vendors. Of equal importance is avoiding being locked-in to a relationship where one party holds dominance over every decision, typically for an extended period of time. As...

11 February 2022 /retail

Mobile financial super apps – what’s your strategy and how are you applying security?

Retired Member

Mobile financial super apps – what’s your strategy and how are you applying security?

Prior to the onset of Covid-19, mobile apps were already the touchpoint of choice for millions of banking customers worldwide. The pandemic has only amplified this trend toward digital banking on the mobile device. To meet consumer demands and stay competitive, financial institutions, neobanks, and fintech companies are increasingly offering more ...

08 February 2022 /retail

What’s driving switching mania in Britain – and will it continue?

Marco Mottadelli Head of Global Brokerage at Fineco Bank

What’s driving switching mania in Britain – and will it continue?

Brits traditionally have been rather loyal when it comes to their banking and financial institutions. The average customer can stay with a bank for years, if not decades. The pandemic further depressed switching, despite processes in place that allow consumers to easily move from one account to another. But that’s now changing. Recent data shows t...

29 December 2021 /retail

Looking ahead to the emerging lending trends of 2022

Madhvi Sonia Head of Content at Finextra

Looking ahead to the emerging lending trends of 2022

The economic uncertainty of the Covid-19 pandemic has reiterated the importance of the modern lending market. While agile fintech firms adapted to the constraints of coronavirus lockdowns to meet customer expectations, traditional lenders channelled investment into technology to accelerate innovation already set in motion. To ensure the continuati...

11 November 2021 /retail

The fintech sentiment: is the £100 contactless limit a step towards a cashless society?

Níamh Curran Senior Reporter at Finextra

The fintech sentiment: is the £100 contactless limit a step towards a cashless society?

The British Government has announced that they have approved the contactless limit being raised to £100 from 15 October 2021. In response to this news, Starling Bank immediately stated their plan to allow customers to choose their own contactless limit, citing consumer concerns and little demand for the change. When contactless was initially launc...

20 October 2021 /retail

Why embedded finance isn’t about finance

Annerie Vreugdenhil Chief Innovation Officer at ING

Why embedded finance isn’t about finance

Financial services. For centuries, they were a birthright for banks only. Tough restrictions made it impossible for others to offer them, making banks the only game in town. Enter embedded finance, and now any brand can offer financial services to its customers. Chances are you’ve already experienced it – in food delivery, taxi services, or shoppin...

05 October 2021 /retail

The future of payments: Instant becomes embedded

Madhvi Sonia Head of Content at Finextra

The future of payments: Instant becomes embedded

The craving for instant is feeding a surge toward embedded finance: financial services on the customer’s terms, from anywhere and at any time. Today, banks are not needed and according to Curt Chadha, head of international retail payments at Raiffeisen Bank International, embedded finance is synonymous with “seamless” services and the “experience ...

29 June 2021 /retail

Best practices for neobanks utilising machine learning to prevent fraud

Madhvi Sonia Head of Content at Finextra

Best practices for neobanks utilising machine learning to prevent fraud

Unburdened by legacy technology, physical branches and stringent regulatory requirements, digital financial outfits — otherwise known as neobanks — can disrupt the status quo, scale retail propositions, and expand into lucrative spaces such as business banking with a streamlined model. With over 250 neobanks operating worldwide and many more on t...

17 June 2021 /retail

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