Banks

Creating value

Creating value in auto finance with vLendRight

Creating value in auto finance is now at the forefront of innovation. vLendRight is partnering up with banks to streamline the customer journey and help financial institutions gain market share in auto finance. “Our belief is that automotive financial institutions ought to look beyond the traditional direct and indirect delivery mechanism and strive to make experiences better for their customers… Read more →

PSD2

PSD2: Focusing on Action with Open APIs

Introduction: Preparing for the Bank of the Future with PSD2 For the last two years, many industry commentators and analysts have been warning that banks are facing a huge disruptive force as new fintech startups emerge to offer a similar group of services to some of the more traditional banking operations. Now, across Europe, the Second Payments Services Directive (PSD2)… Read more →

'Fintegration'

The holy grail for banks is to become the best at ‘fintegration’

  Within Fintech, there has never been a shortage of new terminologies. 2015 saw Fintech (and it’s relationship to banks) explained and re-explained from different angles. However, there are a few broad categories that encompass Fintech: Fintech and regulation in 2015 The excitement surrounding Fintech was slightly hampered when regulation such as the PSD2 in Europe took center stage. Regulation… Read more →

Project

Open Bank Project API: From an idea to … the coming new banking reality!

If you haven’t heard about the Open Bank Project (OBP), then you haven’t been paying attention to the open bank API standard discussion that’s center stage in the UK or the with the PSD2. The UK government is already setting out plans to go further through an open API standard in UK banking. The whole point of the standardization is… Read more →

Ecosystem

Open Bank API Ecosystem As A Firewall Against Fintechs

The UK government is currently working with banks and Fintech firms to have a detailed framework set out for an open API standard ecosystem by the end 2015, in a move it claims will empower consumers and boost competition. (Download a PDF copy of the UK Government report here) The standardization that ensues is envisioned to allow the development of… Read more →

Secco

So, banking apps are on their way to being redundant after all?

  Chris Gledhall and Secco (bank) are on a mission. I have to admit the whole premise of doing away with banks and banking apps is ingenious! Since the advent of social media channels, banks have always had a weakness ready to be exploited. It certainly could be attributed to rigidity and an inherent unwillingness to adapt to new realities.… Read more →

Collaboration

FinTech 2.0 and the C-Word: Collaboration

Is the secret to startup success “collaboration” rather than “disruption”? Rather than wait for disruption, it is increasingly becoming evident that banks are willing to support startups to innovate within the banks’ ecosystem. So it´s now all about FinTech 2.0 and collaboration. While FinTech 1.0 and disruption made banks stop and take notice, FinTech 2.0 is all about letting banks… Read more →

innovation

Is Fintech Innovation now under threat from major Banks?

We are starting to see unprecedented increase in capital in search of good ideas and innovation. Europe saw a 215% growth rate in FinTech investment in 2014. The UK and Ireland, the Nordic countries, the Netherlands, and Germany saw investments of $623 million, $345 million, $306 million, and $82 million respectively. Fragmented Approach to the changing Innovation landscape “How are… Read more →