Neobanks – Genuine Disruptors, Overhyped, or Both?
Jan08

Neobanks – Genuine Disruptors, Overhyped, or Both?

Efforts to shake up consumer banking have tended to come in waves. While the 2000s saw the likes of Virgin Money and Metro Bank attempt to woo customers away from the ‘big four’ with more innovative products, better customer service, and a more accessible branch experience, the 2010s have seen digital become the key battleground targeted by disruptors.   Progressive regulation geared towards increasing competition in the industry...

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Dropping the curtain on ‘Innovation Theatre’: Part Five
Dec05

Dropping the curtain on ‘Innovation Theatre’: Part Five

Our event, Dropping The Curtain on Innovation Theatre,  last Monday wrapped up with a panel discussion on predictions for 2017. What is going to happen over the next 12 months that has us all talking this time next year? The panel’s views broadly fell into four categories: 1)    Blockchain – will it? Won’t it? Are we approaching the hype peak? Is the latest announcement about Santander and Goldman Sachs leaving R3 telling? 2)    China...

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Dropping the curtain on ‘Innovation Theatre’: Part Four
Dec02

Dropping the curtain on ‘Innovation Theatre’: Part Four

“40% of bank C-suites have zero technology experience.” The team at FINkit has had the fortune of working with some real visionaries – both within our own team and at our clients and partners. People that know the future is coming, know the role that technology can play, get the commercials, see the hurdles and have the strategies to overcome them. In technology, ‘disruptors’ and risk takers are ten-a-penny. In banking you...

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Dropping the curtain on ‘Innovation Theatre’: Part Three
Nov30

Dropping the curtain on ‘Innovation Theatre’: Part Three

“Trying to work with a bank is painful at best” Steve Lemon, Co-Founder of Currencycloud In his opening talk at ‘Dropping The Curtain on innovation Theatre’ on Monday, Alastair Lukies, the UK Prime Minister’s Business Ambassador for FinTech compared running a FinTech in the UK to being the baby iguana running for its life from the racer snakes on the BBC’s Planet Earth. Having been one of the early ‘FinTechs’ and spent a...

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Dropping the curtain on ‘Innovation Theatre’: Part Two
Nov29

Dropping the curtain on ‘Innovation Theatre’: Part Two

Last night we held the second event in a series we will be running to not only debate the well documented challenges in the retail banking sector but also inspire commitment for collaboration and practical change. Financial technology influencer and author Chris Skinner, Scott Abrahams, Global Head of Emerging Payments for Mastercard, Innovate Finance CEO Lawrence Wintermeyer, Steve Lemon, Co-Founder of Currencycloud and Alastair...

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Dropping the curtain on ‘Innovation Theatre’
Nov24

Dropping the curtain on ‘Innovation Theatre’

We have written extensively about the frustrations associated with the ‘Innovation Theatre’ that is all too prevalent in the retail banking industry. Labs, hackathons, redesigned receptions, dedicated teams based in Shoreditch – the list of tactics is extensive in the attempt to mask the reality, which is that very little is being done to get real innovation into customers’ hands. This is frustrating for the countless FinTech...

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