JP Morgan’s new UK smartphone bank looks set to launch business current accounts as it seeks to become a challenger to the major high street banks. The bank posted a job advert on LinkedIn last [… Read more ]
The big events in the fintech world over the last week felt like a very different vibe from 2021, which was filled with mega rounds, celebrations and lofty valuations. First off, 3-year-old one-click checkout startup [… Read more ]
Climate change is driving rapid, unprecedented, and in many cases unpredictable shifts across our planet. Many of the foundational assumptions upon which we have built our financial services are changing. And fast. These shifts are [… Read more ]
In part one of my two-part comparison between the American and British fintech ecosystems, I explored a growing trend of open banking and what it could mean for the modern consumer. Now that we understand the implications [… Read more ]
Digital banks, neobanks, challenger banks, etc. today (also bolstered by the pandemic driven demand for remote services) are making concepts like geography, location and branches in banking obsolete. Instead, banking accessible on a device instead [… Read more ]
Artificial intelligence (AI) is now firmly in the sights of African banks. From better understanding consumer needs to reducing risk, there are few areas where AI can’t make a key impact on operations. Christine Wu, [… Read more ]
Several of Wall Street’s biggest banks are planning on keeping a limited presence and holding on to banking licenses in Russia for the foreseeable future, even as they wind down their broader operations in the [… Read more ]
Visualizing the Women on Banknotes Worldwide A study by Swedish loan company Advisa analyzed 1,006 current international banknotes and found that only 15% featured images of women. Who are these women, and which countries feature them on [… Read more ]
Every large financial services company is pursuing AI initiatives in 2022. Some are in the earliest stages. Others have been investing in the technology for years. Regardless, all recognize that natural-language processing (NLP) is a [… Read more ]
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Top spot for Unit8 in the annual ranking of the Financial Times: the Lausanne-based data & AI services company achieved the strongest revenue growth of all Swiss participating companies. For the two founders, Marcin Pietrzyk [… Read more ]
What causes someone to change banks? According to PYMNTS research, consumers who are most likely to switch their primary financial institution (FI) typically cite several areas of innovation. Thirty-five percent of these “potential switchers” cite [… Read more ]
Coinbase Global Inc., Gemini Trust Co. and Robinhood Markets Inc. are among the firms helping to build a platform to comply with a U.S. money-laundering rule as crypto and financial technology companies seek to satisfy existing requirements and head [… Read more ]
ast year, more than 20% of venture dollars went into fintech startups globally, according to CB Insights. Equally notable: one-third of all unicorns created in 2021 were fintech companies. The 2021 Matrix Fintech Index reported that public fintech companies [… Read more ]
In a new report, analysts at management consulting firm McKinsey have warned that insurance industry profits are “practically at a standstill” due to longstanding economic challenges. Examining the industry in the wake of the COVID-19 [… Read more ]
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