Retail Banking Systems Insights
16th July 2018
Every cloud has a silver lining, at least that's what our elders drummed into us, an early example of expectation management and how to deal with life's challenges. Other teaching proxies included looking after the family dog, a somewhat more practical and physical learning experience, involving across the board responsibilities of duty of... read more
12th July 2018
According to the World Bank, access to the internet—and smartphones in particular—is having a measurable effect on financial inclusion. In 2011, just half of the adults in the world had access to a bank account or mobile money provider. That has since increased to 69%, with 1.2bn more people having opened a bank account.
This 69%... read more
10th July 2018
Property and banking are intimately entwined, yet it is remarkable how little impact fintech has had on the property market - until now.
With home ownership in England now at its lowest in 30 years and the average age of a first-time buyer now 32, it is no surprise that millennials have been dubbed ‘generation rent’; one third of... read more
27th June 2018
New research indicates that 49% of financial services leaders rank finding the necessary talents and skills as their number one concern.
The research, carried out by Robert Half further reinforces similar reports that financial services is fast approaching a skills shortage crisis.
One such report from Innovate Finance projects a workforce... read more
26th June 2018
The future of finance sits at a precarious juncture.
Over the past few years, banks, trading houses and financial services providers – small and large – have become completely reliant on financial technology. The result has been more competitive, safer, and most transparent markets. It seems difficult to see how such progress could... read more
26th June 2018
Despite regular news about closures, the death of the bank branch is rather exaggerated. Even with cuts, major high street banks expect to retain nationwide branch networks, and many are investing in new branches. Challengers like Metro Bank are even opening more branches.
Branches have been evolving since the first ATMs were installed over 50... read more
21st June 2018
Open Banking has been the phrase on everyone’s lips during the first half of this year. Of course, APIs lie at the heart of this – the connectivity code that will unlock data communication and sharing between banks and third parties. Such a short acronym, but an enormous technological feat and significant change of mindset for banks... read more
18th June 2018
The role of the corporate treasurer has evolved over the past decade. Treasurers have had to become risk managers, corporate strategy advisors, compliance officers, data scientists, regulator managers and liquidity risk managers – all, in addition to the traditional skillsets their roles required.
The problem with this is that some... read more
18th June 2018
PSPs and financial institutions often have needs that are unique to their business. These needs that go unaddressed can turn into pain-points, and revenue reduction. It is extremely important for payment platform providers to provide flexibility, and to have the adaptation capabilities required to determine and customize creative solutions. The... read more
15th June 2018
2017 saw corporate investment in blockchain technology hit record highs. This year, every day new proofs of concept are demonstrating potentially huge benefits across a number of sectors, including commodity trading, and a recent Research and Markets report predicts that the global blockchain market will grow from $411.5m in 2017 to $7.68bn by... read more