UK based startups and big banks have been pushing their online investment advisors through ads as they try to gain new clients; after seeing some of the startups have early success big banks started to get into the market this past year; the upcoming ISA deadline on April 5th has companies pushing their marketing spend in recent months with hopes it will pay off in new customers and cash. Source.
Banks have started to come to terms with the importance of the cloud and what it means to their business;...
Most if the talk about banks going digital has been focused on the front end customer facing tools, there is...
The Equifax breach has started to really change and shape the conversation around privacy since they are involved in so...
In the last few years banks have started to retrain employees on how to use various new technologies so they...
According to Capgemini and Efma’s World FinTech Report 2020 six percent of global banks and more than fifty percent of...
While banks might have been a bit slow to react to online lenders they are certainly taking notice today and changing how they operate; fintech companies originated about 30 percent of unsecured consumer loans in 2016 according to TransUnion, up from 1 percent in 2010; banks have started to take notice and compete with fintech companies head on and in some cases partner with them as well; banks hold significant advantages over online lenders in cost of capital and customer acquisition costs which could erode that 30 percent market share that fintechs have built. Source.
There is sure to be a growing consumer debt issue when the government assistance finally ends and banks are starting...
There is a behind the scenes fight brewing between fintechs and banks who are setting setting stricter guidelines on who...
Robo advisors have quickly become a must have product for banks as they look to offer their customers comparable products...