A New Bank Operating Model for a New Consumer
Jun28

A New Bank Operating Model for a New Consumer

In the midst of bank branch closure programmes, it’s certainly no surprise that CACI have today released data to show that branch visits by retail banking customers have fallen dramatically since the rise and rise of mobile banking and are expected to fall off a cliff into oblivion by 2022. But are these customers happy with the services that are available to them today? Plenty of other research suggests not.   NEW BANK OPERATING...

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How Can Banks and FinTechs Collaborate?
Jun19

How Can Banks and FinTechs Collaborate?

It’s much talked about within the walls of both parties: How Can Banks and FinTechs Collaborate? Banks and FinTechs have much to gain from working together. Traditional retail banks get access to the latest technology and opportunities for digital innovation, while FinTechs get closer to their biggest potential customers and a valuable distribution network for their products and services. Our work connecting FinTechs and retail...

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Up, Up and Away: Accreditation
Jun09

Up, Up and Away: Accreditation

You might wonder ‘how can I take over my own development on a new platform like FINkit?’ Well, we make it easy. We provide a minimal amount of Professional Services and it’s not an area of the business we want or need to grow – that’s your job, so we hand over the reins as soon as you’re ready. Our highly specialised Self Service Accreditation process enables teams and individuals in gaining a deeper...

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Easy Payments Concepts – Deliver The Emerging
Jun08

Easy Payments Concepts – Deliver The Emerging

Easy Payments are an expected norm these days. Disruptive innovation is happening across the payments landscape, as globalisation and digital transformation continue to alter the landscape.  Banks are constrained in their ability to react to new competition. The way customers do business and spend their money has evolved radically in just the past few years. Unfortunately for banks, depleted overseas assets and easy access to reduced...

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Secure Travel Concepts – Why We Still Use Cash
Jun07

Secure Travel Concepts – Why We Still Use Cash

Secure Travel is something that all of us aspire to, but how does that translate to our banking habits? Well – despite a growing international travel market, things like hidden fees, poor customer service, fear of fraud and the fear of the dreaded card block still encourage consumers to travel with large sums of foreign currency. Having fallen from a peak of £230.1m in 2008, the total value of international fraud losses has...

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Guided Savings Concepts – Viva The Savings Revolution!
Jun06

Guided Savings Concepts – Viva The Savings Revolution!

Guided Savings could be the way to encourage millennials to change their habits. They tend to prioritise short term spending over long term savings, making current banking propositions redundant. Today’s savings products are designed to help people secure a financial future.  But for most younger customers, saving is simply not an option or indeed desirable with credit so widely available. Further, their inexperience of this...

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Everyday Spending Concepts – Overlooking The Golden Egg.
Jun05

Everyday Spending Concepts – Overlooking The Golden Egg.

Everyday Spending is an area often overlooked. Customer demands have changed and yet banks have not delivered the highly desirable personalised and inter-connected digital experiences that we are now used to. Lack of personalisation in the current account space is becoming increasingly apparent to consumers. This has led to a plethora of new tech-oriented entrants attempting to steal market share with differentiated everyday spending...

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Digital Concepts for Retail Banks – Execute on Innovation
May30

Digital Concepts for Retail Banks – Execute on Innovation

Ever sat in your office, pondering over digital concepts for retail banks and thought ‘I wonder what an awesome savings proposition would look like in pictures?’or ‘which partners would I pull together to form the best in market travel proposition?’ … then help is at hand. We’ve authored a book called ‘Execute on innovation’ and the 127-page masterpiece is jam-packed full of ideas that we can help you bring to life quickly...

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FINkit Teen Tech Accelerator
Apr27

FINkit Teen Tech Accelerator

Today is National Take Your Child to Work Day and at FINkit, we joined in early – running our own Teen Tech Accelerator a couple of weeks ago in the Easter Holidays so as not to detract from our children’s school work, especially as it has still to really take on in the UK as much as the US and they’d otherwise be missing a normal school day. Our objective was to really bring to life ‘a day at FINkit’ so rather than spending a day...

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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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