Tag: banking

The rise and rise of in-app banking

The rise and rise of in-app banking

Written by on August 4, 2016 in Guest Blog with 0 Comments

I very rarely use Internet banking these days and it seems I’m not alone. Almost every interaction with my bank takes place through one of my mobile banking applications: my Barclays banking application, my Barclays PingIt application (which I assume will soon disappear inside WhatsApp and Waitrose and Hailo and so on), my Simple application, […]

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Are APIs integral to the future of payments and banking?

Are APIs integral to the future of payments and banking?

Written by on May 31, 2016 in Billing & Payments, Guest Blog with 0 Comments

I happened to be talking about access to payment infrastructure (something I blogged about here) at a client event yesterday, and got involved in a discussion about how the fintechs might begin to work with banks in the new world of PSD2 and mandatory APIs. This has been subject of great interest to me at […]

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Asian private bankers unsettled by technology

Asian private bankers unsettled by technology

Written by on April 11, 2016 in News with 0 Comments

SINGAPORE (Reuters) – Scanning a bank statement into a computer may not sound particularly high-tech, but it’s unsettling some of Asia’s private bankers. By aggregating all the monthly statements mailed to high net worth individuals on the multiple accounts they hold at different institutions, Singapore start-up Mesitis offers clients a single window on their holdings. […]

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SWIFT to advise banks on security in wake of Bangladesh hack

SWIFT to advise banks on security in wake of Bangladesh hack

Written by on March 21, 2016 in News with 0 Comments

(Reuters) – The SWIFT messaging system plans to ask banks to make sure they are following recommended security practices following an unprecedented cyber attack on Bangladesh’s central bank that yielded $81 million, a spokeswoman for the group told Reuters on Sunday. Brussels-based SWIFT, a cooperative owned by some 3,000 global financial institutions, will issue a […]

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Opening a UK small business bank account like visiting a proctologist

Opening a UK small business bank account like visiting a proctologist

Written by on January 19, 2016 in Billing & Payments, Opinion with 0 Comments

It is extraordinary how badly banks treat their customers. Getting the service you want is a hit and miss affair. RBS and NatWest are the latest to lock people out of their accounts. HSBC managed this trick not so long ago. In the latest RBS case, the culprit was a system (or actually mish-mash of […]

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A week with Mondo

A week with Mondo

Written by on January 18, 2016 in Billing & Payments, Guest Blog with 0 Comments

Last week the nice people at Mondo signed me up for the alpha of their new payments product. Mondo is one of the new generation of companies applying for UK banking licences who aim to fundamentally change the way we bank. What makes Mondo different from other ‘digital challengers’ is that rather that wait for […]

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Banks or banking for Africa, or will Fintech reign?

Banks or banking for Africa, or will Fintech reign?

Written by on December 18, 2015 in Guest Blog with 1 Comment

Over the years, the ‘Fintech’ (financial technology) industry has acquired extensive experience in addressing Africa’s business needs, consumer needs, technology challenges and has continued broadening its boundaries, scales and improving peoples lives by providing and developing a broad range of innovative solutions and services. On the other hand, banks with their restrictive approach when it […]

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In banking, millennials branch out

In banking, millennials branch out

Written by on December 1, 2015 in Opinion with 2 Comments

In banking as in communications. New research points to seismic shifts in behaviour beyond anything we can imagine. Millennials do not see the point of traditional banking and believe that the current technology giants will become the banks of the future. In fact almost all age groups agree. And this finding is true of both […]

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The decline of bank branches

The decline of bank branches

Written by on October 26, 2015 in Guest Blog with 0 Comments

According to the Campaign for Community Banking Services the rate of UK bank branch closures has accelerated, with banks on track to close around 650 branches this year, following 500 in 2014 and 222 in 2013. The report uses a number of different metrics to suggest that the decline in branch numbers is a completely […]

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Why banks struggle for success in mobile money/payments

Why banks struggle for success in mobile money/payments

Written by on August 23, 2015 in Features with 2 Comments

Times have changed and with change comes opportunity. Over the past few years, the face of financial payments in most developing countries has taken a radical change from a bank model to a mobile network operator (MNO) dominated model. This change has brought about financial inclusion to most marginalised citizens and has greatly brought efficiency […]

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