Banking On Data: The Path to a New Bank Operating Model
Jun21

Banking On Data: The Path to a New Bank Operating Model

I was delighted to be asked to contribute last night to BrightTALK’s ‘Banking on the Future’ meet-up event. A very well-attended event here in London and broadcast to hundreds of online registrants across the world. The theme of the event was how banks need to react to regulations such as PSD2, GDPR and here in the UK, Open Banking.   BRUTE FORCE ISN’T THE DATA SHARING PANACEA It is clear that the ‘brute force’ approach to...

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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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Wales: from coal mining to digital tech hub
Jun02

Wales: from coal mining to digital tech hub

According to the latest UK Tech Nation Report, the number of tech businesses in South Wales has risen by 28 per cent in the last year. This makes South Wales among the five fastest growing digital clusters in the UK. The report also showed that 17,471 people are now employed in the tech sector in South Wales, and a Gross Value Added of £392m, up from £369m last year, illustrating the growing value to Wales of the digital economy....

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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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Making a Bank FinTech Partnership Actually Happen
Mar22

Making a Bank FinTech Partnership Actually Happen

More or less everybody working in and around banking is talking about Bank FinTech Partnership; with collaboration as pretty much the only viable way forward for either side in the disruptor-disrupted equation. But there’s much less talk about how banks and FinTechs can make that vital collaboration actually happen. BankNXT asked our own Anna Bennett to talk a little about the steps FinTech companies can take in order to minimise the...

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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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Brave New World Embraces Failures as Learnings
Jan05

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

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

2016 has been a very busy year and my team and I at FINkit 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 2017 UK Retail Banking.   What’s Hot The Sandbox: Whether...

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Collaboration and What Department Stores Teach Us
Dec14

Collaboration and What Department Stores Teach Us

Chris Skinner of the Finanser wrote when describing the emergence of the Internet of Things in banking, “incumbents must be agile, nimble and digital, but they were built for being slow, risk averse and physical”. One potential route to innovation is for banks to collaborate with fintechs and CIOs are all to used to hearing this. What they need however is a practical route forward. When it comes to execution, CIOs should look outside...

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