We sat down with Paul Taylor, CEO of Thought Machine and Mark Mullen, CEO of Atom Bank for a fireside chat looking at the Future of Banking at this year’s FinTECHTalents Virtual / Spring event. In this chat we discuss: The impact of Covid-19 on both businesses and the financial services industry. Who and what
The way we interact and surface financial services will change. There is no way back. Pre-Covid, face-to-face-only banking customers were already becoming the exception. Globally, the share of digital-only and hybrid banking customers jumped from 65% of all customers in 2015 to 88% in 2019, according to Boston Consulting Group. The arrival of the Covid-19
In our ongoing series our FinTech of the Week is CBI S.c.p.a which is a think tank for precompetitive innovation for the Italian financial industry in the transactional services market. Currently there are around 416 participating intermediaries who offer services to around three million businesses and public administrations. CBI offers all customers a flexible, secure
In our ongoing series, our FinTech of the Week is Sharktower, which provides AI-Driven portfolio project management – removing the need for manual reports and Post-it Notes. Craig Mackay, CEO at Sharktower discusses whether your project management is smart enough for the future you are trying to create. “I’ve been doing this for 20 years.
Tuesday 23 June 2020 by Our Community
FinTechs have been created to transform the banking industry. Digital-centric, they started with a small niche — payment offerings, they then quickly moved onto the backend of financial services, providing a multitude of new solutions. Throughout the years, some have moved from being a standalone proposition to partner with incumbents. Although not all partnerships have
Tuesday 16 June 2020 by Our Community
Abhishek Ray, Founder & CEO, Finarb discusses the importance of understanding business needs, accuracy, data quality and explainability when creating and implementing AI/ML solutions. Tell us about you and your inspiration for setting up Finarb. While working in consulting companies, as well as in the financial sector, I realised that organisations were not really using
In our ongoing series, our FinTech of the Week is Reach, which is disrupting the customer engagement category by bringing innovative technology to make life simple, even in business. Reach allows companies to automate business workflows, document processes and transactions with their clients on any device, resulting in improved conversion rates and increased customer satisfaction
Coronavirus has dialled up the urgency for digital only banking. However don’t be fooled by the excitement, digital only banking is starting to gain momentum yes but it will take a few more years before we see a truly cashless world. Typically, startups and medium size financial institutions hold their data on modern digital platforms
In our ongoing series, our FinTech of the Week is OpenWrks, which seamlessly integrates Open Banking data into businesses and processes, to enable customer decisions. The OpenWrks API provides a single, simple and secure way to integrate normalised, categorised and profiled payment bank data into products and apps in the most flexible and scalable way.
Amrita Chatterjee, COO of Finarb, speaks to us about incomplete digital journeys in financial services being accelerated by Covid-19, future trends and the importance of mapping out an AI Strategy. She highlights the importance of building an approach based on problem solving, incorporating an understanding of the business structure and a realistic pathway to implementation.