The pandemic forced many financial institutions around the world to rethink their business strategy to better compete in a digital-first...
FICO suggests that UK banks could face a potentially catastrophic customer defection event in the wake of a money laundering scandal.
Fidor Bank saw in 2016 that incumbent banks were beginning to buy up and partner with fintechs because they needed to stay competitive; other digital banks do not share this view as Starling Bank issued a report back in September saying that collaboration with main street type banks will help to erode what fintechs are attempting to disrupt; 2017 looks to be a pivotal year for partnerships as big banks, regional banks and community banks are all moving in the direction of utilizing different aspects of new innovation. Source
The Finance Innovation Lab and Toynbee Hall will partner to create a fintech incubator; the incubator will focus on companies in financial health; the Financial Health Fellowship will be a six month endeavor helping companies to scale their businesses; more details about the program can be found here and the program is accepting applications through April 10. Source
The UK’s Financial Conduct Authority has issued new guidance to payment providers and e-money companies on safeguarding customers’ funds; the...
A recent report called ‘Our Fraud – the Facts 2020’ produced by UK Finance shows just how much fraud is...
One of the major themes throughout the two-day event was financial inclusion and how technology can accelerate that.
One of the major themes throughout IFGS was financial inclusion and how technology can accelerate that. ...
London-based ethical lender Plend released its first Financial Inclusion Report, created in collaboration with Nationwide Building Society, Nationwide Incubator, Responsible Finance and StepChange, to highlight the UK’s financial exclusion crisis and those most at risk in society.
Gimi, in a partnership with ABN Amro has released a financial literacy app for children. According to its founder, the effects could go far beyond economic benefits.