In the past few years, the banking industry has been transformed almost beyond recognition.
It’s likely that you’ve heard the term ‘open banking’ in recent months.
Until now, the race to a trillion has been dominated by big tech, with both Apple and Amazon reaching the milestone in 2018.
The banking chatbot has come a long way from just linking to FAQs and referring you to a human colleague when questions get too profound.
NatWest bank has announced a trial of biometric payments that will see customers in the UK pay with their fingerprints for the first time.
For too long, there was scant attention paid by businesses across the globe to the paradigm shift in transaction tax enforcement.
Despite growing discussion on the topic, confidence in financial services digital transformation has dropped over the past six years, according to research by Capgemini.
UK banks are experiencing at least one IT shutdown every day, leaving customers unable to make payments.
“A very prominent myth is that blockchain will trigger the demise of banks,” says Igor Pejic, author of Blockchain Babel.
With the excitement surrounding fintech and the emergence of innovative digital-first banks, it is easy to overlook those who rely on cash in their day-to-day lives.
Data intelligence startup Mimiro has raised $30m for its machine learning platform that analyses the risk of an organisation having ties to financial crimes such as terrorist funding, money laundering and fraud.
With challenger banks growing in popularity with digitally-savvy customers, other areas of finance are now moving into the digital-first space.
This month marks a year since Open Banking was introduced in the UK.
Financial services companies now put the acquisition of intellectual property and new technologies as the most important objective in mergers and acquisitions activity, above the growth of market share or extending into new product lines.
A year ago this month, Open Banking was launched in the UK.
The traditional wealth management industry is under threat from automation, with robo-advisors set to take market share away from their human counterparts in the coming year.
The deVere Group has urged investors to remain invested and diversify after it compared global driving and breaking factors on returns.
Thanks to recent well-publicised data leaks suffered by many high-profile companies this year, customers have grown increasingly aware of and sensitive to data security issues.
The financial services industry was one of the first to adopt artificial intelligence (AI) in the early 80s.
Peer-to-peer lending service Zopa has today announced that it is launching a bank, making it the “world’s first hybrid peer-to-peer and digital bank”.
With an increasing number of stores now exclusively accepting credit or debit, Britain is increasingly moving towards being a cashless society.
Global taxation and financial advisory leader EY has announced that is applying technology to tax with the launch of an Advanced Technology Tax Lab.
Businesses around the world are now spending more on digital and technology assets than on traditional mergers and acquisitions, a comprehensive report by leading global law firm Freshfields Bruckhaus Deringer has found.
More than half of UK consumers are ready to pay for items using biometric payment cards, according to research by digital security provider Gemalto.
Biometrics will be used instead of passwords in banking as soon as 2019, says data and analytics company GlobalData, as banks step up efforts in the war against fraud.
The UK accounting watchdog, the Financial Reporting Council (FRC), is to consider whether auditors should be banned completely from providing consulting work for companies or organisations they audit.
An “oversized” finance sector in the UK cost £4.5tn in lost growth potential between 1995 and 2015, says research from Sheffield University’s Political Economy Research Institute (SPERI).
Mobile broker Pelican today announced its latest funding round as it continues to tempt cautious millennial investors into the stock market with its social trading app.
Local bank branch and ATM closures will have the most impact on lower-income families, as the UK moves towards a cashless society.
Payment infrastructure technology company SIA has become the leading Central and Southeastern Europe card processing provider following the acquisition of First Data Corporation’s card processing business.