In an interview with The Financial Brand, Alan McIntyre, Senior Managing Director, Banking for Accenture shares his perspective on the...
A survey released today by Promontory Interfinancial Network showed that 66% of 543 bank executives view payments and money transfer...
Big banks have shown recently that they are not afraid to spend on technology in order to better set themselves...
Consumers have plenty of options when it comes to financial services; despite the success of fintechs around the industry, some...
The growth of fintech has already had a tremendous impact on the banking system; but the business model for many...
Barclays Chief Executive Officer Jes Staley believes that having large headquarters for bankers might be a thing of the past;...
Tom Blomfield believes that banks focus too much on their existing financial products such as mortgages, loans and credit cards;...
A new study from Juniper Research notes that digital banking users will increase to 3.6 billion by 2024, a 54%...
The report is titled “Do Fintech Lenders Penetrate Areas That Are Underserved by Traditional Banks”; the report used account-level data from LendingClub and other US Banks with assets over $50 billion; according to the paper’s abstract: “We find that LendingClub’s consumer lending activities have penetrated areas that may be underserved by traditional banks, such as in highly concentrated markets and in areas that have fewer bank branches per capita. We also find that the portion of LendingClub loans increases in areas where the local economy is not performing well.” Source
There is no question that challenger banks like Revolut, Monzo and N26 have acquired massive amounts of customers; it leads...