The mainstream acceptance of the cloud as a practical deployment option presents new opportunities for financial services institutions, especially for community banks. A decade ago the cloud was reserved for edge applications like CRM and HR, but today deposits and lending solutions can be offered effectively, efficiently, and securely in the cloud. The State of … Read more
As the banking industry continues to develop, open banking is becoming popular as it allows consumers to enjoy faster, cheaper and more personal banking solutions. The fintech industry needs to recognise that open banking is a major source of innovation and is set to revolutionize the banking industry. What is open banking?Open banking can be … Read more
Meeting the requirements of ever-evolving anti-money laundering (AML) and counter terrorist financing (CTF) laws, regulations and guidance is no mean feat. The sheer depth and breadth of requirements from such as wide range of bodies, can be daunting for even the most seasoned industry experts. The first place they might look in relation to AML … Read more
Bank branch networks continue to decline steadily. Consumer research shows that UK banks are cutting branches at a rate of 60 per month[1], and a similar pattern is apparent in many other countries. Few doubt that the future of banking is largely digital, so how will bank branches survive? This blog explores a new role … Read more
All eyes are glued toward the metaverse and its revolutionary uses. But, what are the creators thinking when developing one? The metaverse community is growing at a frantic pace. Market forecasts have already suggested an upcoming economy exceeding valuations of USD 1 trillion. The progress has been multi-faceted. The objective is separate for metaverse-building companies … Read more
Fast and simple payments are only two of the many advantages that crypto assets provide. Financial services that are cutting-edge in nature, access to previously “unbanked” regions of the globe – the crypto-ecosystem enables all of this. However, it should be stated that apart from the benefits that are typical of digital assets, they are … Read more
Although we’ve seen increased appetite from banks globally to accelerate the pace of digital transformation over the last two years, many players have focused on updating customer-facing systems at the front-end and have put off the more complex need to update their core infrastructure. As a result, many established banks remain encumbered by legacy mid- … Read more
The Dutch regulator (De Nederlandsche Bank, DNB) is one of the most active in the EEA in terms of the number of Payment Institution (PI) and E-money Institution (EMI) licenses that are issues. In 2021, the regulator issued 14 PI and EMI licenses, more than any other EEA country including Lithuania. In total, now (as … Read more
In a previous blog “Are credits not too commoditized?” in February 2020, we already raised the concern that loans in general and mortgages in particular have become too much of a commodity product, for which price is nearly the only differentiator. Many customers are however unaware that the loan with the best price or interest … Read more
Around the world, inflation rates are surging, rising to near levels. Last month, it was revealed that inflation in the UK had surged, hitting a 40-year high of nine per cent. What’s more, inflation in the Eurozone hit a new record high of over eight per cent, while the Federal Reserve recently raised its benchmark … Read more