Financial technology (Fintech) is used to represent new technologies that look to advance and automate the delivery and operation of financial administrations. Mainly, fintech helps companies, businesspersons, and clienteles to deal with their financial tasks, processes, and lives by using specific calculations and programming. Fintech is a word derived from…...
Putting female STEM into financial systems: the role of gender diversity in fintech
Over the past five to 10 years, no other sector has seen the amount of investment and growth as that of fintech. From an employment perspective,fintech offers the latitude for people to work on high impact projects in the financial markets sector, something which was traditionally the preserve of the…...
The Importance Of Humans In Fintech
Fintech startups are revolutionizing old industries with new technology. But the most successful brands in this category are and will continue to be those that recognize the importance of human-powered service. These brands will win customer trust for the long run by supplementing and enriching their tech solutions with knowledgeable…...
Five things FinTechs must know about Gen Z customers
Gen Z has presented FinTechs with plenty of opportunities, but failing to understand important aspects of this group could prevent businesses from capitalising on them. Given they hold up to $143bn in spending power, it’s easy to see why FinTechs would be interested in the people born between 1996…...
Financial Services and the Global Pandemic: An Opportunity for Change?
COVID-19 has significantly impacted business and consumers alike. From furlough and business loans, to insurance and mortgage requests, financial organisations have faced an upheaval of customer requests and evolving policies. On top of this, employees at financial institutions are working remotely within an industry that relies on security, impeccable connection…...
Why banks have become a hotbed for tech recruitment
New technology roles in banks have increased by 46 per cent in the past three years – making traditional banks the most prominent recruiter in that field. A third of overall job vacancies currently within banks is now tech related – jumping from less than a quarter (23%) just…...
For all the talk of a fintech revolution, it is only just beginning
Periods of dramatic change and upheaval invariably deepen divisions between strong and weak businesses. The pandemic is already serving as an example of this. Such a commercial perspective in the middle of a grave health crisis may seem insensitive, but businesses must – if they are not already – be…...
Is There a Fight Brewing Between Fintech and Banks?
One of the nation’s largest banks has been taking heat from customers in recent months. No, it’s not about unanticipated fees or problems with security. Instead, the issue is the bank’s sudden decision to cutoff a popular fintech service. According to the Wall Street Journal, PNC bank customers find themselves…...
Top Five Fintech Predictions for 2020
The last decade has been incredible for fintech, with advancements being made across a range of areas including retail banking, wealth management and, in particular, payments. To give some perspective, in 2019 we saw 64% of consumers worldwide using one or more fintech platforms, nearly twice the amount of those taking…...
WE NEED FINTECHS NOW MORE THAN EVER
Whilst the sun is far from setting on the COVID-19 pandemic, predictions and hopes for a new “normal” are shimmering on the horizon. Amid the trail of devastation left by the virus, there has to be some semblance of change and positivity to be taken. One such shift is…...
FINTECH VS TRADITIONAL BANKING
With customer demands and behaviours evolving quickly in light of Covid-19, Will Hurst, Head of Commercial Development at Monevo, looks at whether traditional banks are failing to keep up with their expectations and what key trends and changes have opened the door to the rise of fintechs. The financial services competitive landscape…...
3 Key Ways You Can Transition From Finance To Fintech
Technological innovation has turned the financial services sector on its head in recent years, with new apps, software and cloud-based tech changing the way we work.But, as fintech skills become increasingly sought after, what can you do to secure your future career? Here, Chris Stappard, Managing Director of Edward Reed Recruitment,talks about…...
Five Effects of COVID-19 on the Fintech Industry
While on one hand the Covid-19 outbreak has blurred lines between banks and fintechs and accelerated digital adoption, it has led to decline in number of alternate lenders. Financial technology (fintech) sector has been developing fast in Asia in the last few years. But, like most other sectors, it has…...
Let’s get together: The future of the working relationship between banks and fintechs
Our world today is entirely unlike the fantasy world of Harry Potter, where a goblin-controlled cart takes you through miles of tunnels under the City of London to your personal vault. No, we’re in a far more complex place now. The banking system is now based around services and digital…...
Four Clues To The Future Of Financial Services Firms And Fintech
As I write this, I can’t help thinking about what my ‘new normal’ looks like. The less than perfect moments involve me turning around and yelling at the dog to stop barking at the rare person who goes past our front door; he is both interrupter and sometimes star of…...
How has productivity and efficiency been impacted by the coronavirus crisis?
To support its membership of over 100+ banks, insurers and asset managers with responding to the challenges posed by COVID‐19 (coronavirus), ORX has hosted two discussion calls each week where senior operational risk professionals meet to share insights, ideas and practice. The consensus view is that productivity within operational risk through the…...
