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...

Read More
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...

Read More
Fastacash on FINkit
Nov17

Fastacash on FINkit

“Fastacash is a FinTech that’s been established since 2012 and we operate a platform that allows any business to transfer any form of value over any of 24 social networks that we’re connected to. We are working with FINkit because they offer a platform that is essential for banks to be able to collaborate to compete and innovate in an ever faster-paced and demanding market. As a FinTech looking to build relationships with major banks,...

Read More
CMA: What are UK Retail Banks waiting for?
Sep30

CMA: What are UK Retail Banks waiting for?

The UK’s FinTech sector is thriving, with smart founders and technology attracting the investment and developer talent to truly disrupt the wider industry. The innovation mandate provided by the Competition and Markets Authority’s (CMA) recommendations presents a real opportunity for banks and disruptive FinTech companies to accelerate technological change in UK Retail Banks, to the benefit of customer experience.  But working...

Read More
UK Banks PSD2 and Brexit: Full Steam Ahead
Aug20

UK Banks PSD2 and Brexit: Full Steam Ahead

UK Banks, PSD2 and Brexit – Amidst the ongoing debate about the revised directive on payment services (PSD2), one issue that has gone largely unreported is the fact that many banks in the UK would rather not have had to deal with PSD2 at all. Is PSD2 A Threat? PSD2 represents a threat to banks’ ownership of their customer relationships. PSD2 compels banks to open up access to accounts and decouple retail banking from easy access...

Read More