Fintech

Fintech

Fintech and (unregulated) Shadow Banking 2.0

While collaboration is the near-term future of Fintech, should Fintechs be erring on the side of caution? Let’s take a trip down memory lane. Unlike other industries, banking as we know it has always been underpinned by a unique regulatory framework. . Post 2008, the “carrot” has come in the form of increased liquidity and solvency guarantees to banks. The… 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 →

Fintech

The fintech landscape 2015 (interview with Kevin Moseri)

  This interview was first published by BankNXT.  Shaun Weston talks to Kevin Moseri about the fintech landscape, big data, regulation, and innovation. I caught up with marketing expert and BankNXT contributor Kevin Moseri this week. He’s an expert in online marketing, and reports on banking and fintech in the payments space. I asked him a few questions about government… Read more →

Technology

Why are banks “trying to shapeshift” into technology companies?

Technology in Fintech 1.0 and disruption made banks stop and take notice but Fintech 2.0 is all about letting banks in and allowing them to have a stake in the space. However, during Fintech 1.0 a lot of banks were forced to make what most in the industry saw as knee-jerk decisions, adopting questionable strategies. Most banks are still following… Read more →