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The advent of Fintech disrupters fundamentally changed the financial sector. Many established incumbents embraced innovative cloud solutions in a bid to gain a tech advantage over up-start competitors. But the rapid pace of innovation is a challenge for all financial firms, with a balance between maintaining complex technological ecosystems and incorporating new tech not being
The second edition of FTT Building Societies on 6th October was a unique virtual gathering of building societies, credit unions, fintech and tech providers. Our community shared personal experiences of adopting technologies within their organisations and dived deeper into specific technologies to discover the most beneficial solutions and the practicalities of implementation. We opened the
Identity exclusion is closely linked to socio-economic exclusion. Financial services and products are very often the starting point for establishing a digital identity, but not everyone has financial access. There are a number of reasons for this and it’s an issue that affects not only those in developing countries, but all across the world. Many
With thousands upon thousands of financial products vying for the attention of time-poor consumers, the right financial product design that draws people in can be the difference between making a long-term customer or losing a sale to a competitor. Meeting the often complex needs and requirements of a diverse user base during the design process
Despite decades of financial inclusion efforts, barriers preventing access to financial services continue to exist for individuals across the globe. One such critical barrier, is the lack of an official, foundational form of identification. An estimated one billion people worldwide are unable to prove their identity, while millions more have forms of ID that cannot
A very spirited virtual roundtable with a top-flight panel (run under the Chatham House Rule), explored the ways in the cyber security landscape has changed. With people working remotely where possible and conducting more and more activity online, the security perimeter has expanded significantly over the past year. From the attic to the kitchen table,
In today’s world the need for trusted, secure & seamless digital identity solutions is something most organisations can no longer ignore. As physical becomes digital, citizens, consumers and employees, are carrying out a growing number of complex interactions and transactions. On more and more occasions individuals must prove their identity digitally, when engaging with service
In today’s increasingly digital, experience-driven financial landscape, one of the major challenges facing any financial institution is how to be certain of a customer’s identity. Accurately, securely and seamlessly, while meeting evolving regulation. As transactions grow in volume and complexity, customers expect ever more streamlined experiences, regulators demand greater insights, and the risk of identity
Charlotte Hausemer, Vice President – Innovation and Product Strategy for Trade and Treasury solutions Americas, BNP Paribas, outlines how Sustainable Development goals must be embedded in Financial Services. Technology and innovation (including Open Finance) have crucial roles to play in enabling and accelerating positive outcomes. How can FinTechs reinvent the financial sector with green and
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