RegTech Ready, Steady, Go: A Guide To RegTech for Beginners.
Mar27

RegTech Ready, Steady, Go: A Guide To RegTech for Beginners.

RegTech – a buzzword used commonly over the last year in FinTech and Finance – but what is it, who is it for and what does it do? Should you implement it? Do you need it? Just some of the dozens of questions I’ve been asked over the last six months and I thought I’d do a quick beginner’s guide as there are very little of those out there. And as to how to pronounce it – it’s Reg as in Peg, not your Great Uncle Reg who’s worth a...

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The Brave New World Embraces Failures as Learnings
Jan05

The Brave New World Embraces Failures as Learnings

We have great affinity with Chris Skinner and his blogs regularly hit home. In this – a list of predictions for 2017 – he discusses, amongst other things, that the investment in innovation is changing.  From our own experience, we would concur that Innovation is indeed slowly moving out of the labs and into real-time time testing and that the way to collaborate with FinTechs has to be in the cloud (APIs) but outside of the core...

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2017 in UK Retail Banking: What’s Hot and What’s Not
Dec19

2017 in UK Retail Banking: What’s Hot and What’s Not

2016 has been a very busy year and my team and I have been out there meeting with and talking to banks big and small and FinTechs in their hundreds. It’s been enlightening; I’ve learned so much from so many and after consolidating sentiment, data and experience, I’ve chosen five things that I think are hot and five things that – for whatever reason – are not for UK Retail Banking in 2017.   What’s Hot The Sandbox: Whether it’s...

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Announcing our FINKit Partner Programme
Nov16

Announcing our FINKit Partner Programme

Today, we announce our FINKit Partner Programme, something I’m immensely proud of. You can read the announcement for yourself by following the link on this page, but I wanted to put some human narrative around what we have done and why. Firstly and quite purposely, we haven’t gone for a marketplace approach of ‘sign up and suit yourself’. Instead, my team and I have assessed over 120 FinTechs and Service...

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The Zeitgeist of Ownership
Sep30

The Zeitgeist of Ownership

I hear conversations day-in, day-out about ownership; customer ownership, data ownership, process ownership, yada yada. We see it in the media – take Salesforce’s objection to the acquisition of LinkedIn by Microsoft, objecting on the grounds that Microsoft may choose to stop competitors gaining access to valuable customer data.  Banks have to face the data access, permissions and controls conundrum in Open Banking too – and it’s fast...

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The Death Knell for Innovation Theatre
Sep20

The Death Knell for Innovation Theatre

It’s clear to see from the sheer volume of PR and excitable press articles over the last twelve months that big banks have recognised the need to collaborate with FinTechs in order to maintain their place in a customer’s heart. I say ‘a’ customer and not ‘their’ customer because ownership is dead; in this era, the customer owns themselves. With so many offerings now coming to the table, retail banking revenue streams are being chipped...

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Friday FT Reflections
Sep16

Friday FT Reflections

At the beginning of the week, Retail Banking Correspondent for the Financial Times, Emma Dunkley wrote a report ‘Fintech startups put banks under pressure.’ It’s been passed around the office over the last few days and debated at length. Broadly, the article covers the various routes that banks are exploring to fend off the perceived challenge from faster moving, legacy-free startups: Creating FinTech projects themselves Launching...

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Innovation at the edge
Aug10

Innovation at the edge

The CMA’s report this week shouldn’t really have surprised anyone within the retail banking sector. We’ve spent years in Hackathons, Innovations Labs and Consumer-pilots, but is this visible to your average retail banking customer? Of course not. Banks – despite their best efforts (and some of the pilots are extraordinarily forward-thinking, despite what you might think) – are perceived as slow to react; their efforts are invisible....

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Can FinTechs and Banks really work together?
Apr26

Can FinTechs and Banks really work together?

Earlier this month the Monitise FINkit team hosted a FinTech roundtable debate with some of the most exciting FinTech businesses in the space. Hosted by our CEO Lee Cameron and facilitated by Paul Anning from Osborne Clarke, attendees included Jonathan Vaux from Visa Europe, Jorgen Norgin, the Chief Innovation Officer from Fastacash, Gabriel Hopkins from FICO and Graeme Ventris from LivePerson who updated the group on the business’...

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