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Fintech and finance
Where money and technology meet, from fintech news and innovations to the latest on the key banking and finance disruptors. From challenger banks to digital security and payments, the world of finance is being transformed by technology. Verdict looks at the key finance and fintech news to keep you up to date with the latest news and innovations in the sector.
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15 Mar
Like banking before it, could insurance be about to have its own digital revolution?
In the past few years, the banking industry has been transformed almost beyond recognition.
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13 Mar
Adapt to survive: What’s next for open banking?
It’s likely that you’ve heard the term ‘open banking’ in recent months.
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11 Mar
Could Walmart be the next trillion dollar company?
Until now, the race to a trillion has been dominated by big tech, with both Apple and Amazon reaching the milestone in 2018.
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11 Mar
The latest banking chatbot competes with your friendly bank manager
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.
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11 Mar
NatWest biometric payments trial to enable UK customers to pay with fingerprints
NatWest bank has announced a trial of biometric payments that will see customers in the UK pay with their fingerprints for the first time.
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6 Mar
Making tax digital: Understanding business transaction clearance
For too long, there was scant attention paid by businesses across the globe to the paradigm shift in transaction tax enforcement.
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5 Mar
Bankers have lost confidence in financial services digital transformation
Despite growing discussion on the topic, confidence in financial services digital transformation has dropped over the past six years, according to research by Capgemini.
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4 Mar
UK banks hit with IT failures every day according to Which?
UK banks are experiencing at least one IT shutdown every day, leaving customers unable to make payments.
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25 Feb
The myth of banking on blockchain: Banks will only profit from the decentralised ledger
“A very prominent myth is that blockchain will trigger the demise of banks,” says Igor Pejic, author of Blockchain Babel.
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12 Feb
Which? urges government to intervene to stem ATM and bank closures
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.
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30 Jan
Mimiro raises $30m for AI platform that spots terrorist funding
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.
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21 Jan
Travel start-up Pluto aims to be the Monzo of travel insurance
With challenger banks growing in popularity with digitally-savvy customers, other areas of finance are now moving into the digital-first space.
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18 Jan
A year on, has Open Banking worked?
This month marks a year since Open Banking was introduced in the UK.
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14 Jan
Financial Services companies target tech over M&A growth
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.
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11 Jan
A quarter of Brits will use digital banks within five years
A year ago this month, Open Banking was launched in the UK.
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10 Jan
Robo-advisors are taking work from traditional wealth managers
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.
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20 Dec
DeVere urges investors to stand ground amid growing global concerns
The deVere Group has urged investors to remain invested and diversify after it compared global driving and breaking factors on returns.
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11 Dec
Data breaches threaten customer trust in Open Banking
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.
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7 Dec
How AI is shaking up traditional finance trading
The financial services industry was one of the first to adopt artificial intelligence (AI) in the early 80s.
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4 Dec
Zopa aims to become “major force in retail banking” with launch of digital bank
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”.
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3 Dec
Nearly 5,000 ATMs disappeared in the UK last year in the move towards a cashless society
With an increasing number of stores now exclusively accepting credit or debit, Britain is increasingly moving towards being a cashless society.
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30 Nov
EY takes on tax technology with launch of advanced lab
Global taxation and financial advisory leader EY has announced that is applying technology to tax with the launch of an Advanced Technology Tax Lab.
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29 Nov
Business digital asset spend surpasses traditional deals for first time
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.
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30 Oct
More than half of UK consumers are ready for biometric payment cards
More than half of UK consumers are ready to pay for items using biometric payment cards, according to research by digital security provider Gemalto.
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23 Oct
Biometrics to replace pin codes and passwords in banking by 2019
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.
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8 Oct
Why UK accounting giants could face a ban on consulting services
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.
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5 Oct
“Oversized” finance sector has lost £4.5tn in potential growth: research
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).
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4 Oct
Social trading app pelican targets millennial distrust of stocks
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.
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3 Oct
A cashless society threatens poorest most, finds study
Local bank branch and ATM closures will have the most impact on lower-income families, as the UK moves towards a cashless society.
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1 Oct
SIA becomes Southeastern Europe card processing leader with First Data acquisition
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.