Business & Industry
Fintech Q2 2022
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Digital ID and the technology deployed to combat fraud
Innovation in financial services has empowered companies and individuals in their financial decisions, making transactions faster, cheaper and more efficient. The deployment of technology has been key to addressing fraud, particularly in a fast-evolving environment. From the adoption of digital identity to the increased use of artificial intelligence and regtech, fintech and the technology sectors...
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Emerging financial opportunities for UK consumers and small businesses
The UK has long been a leader in financial services innovation, so it is no surprise that we have led the world with our pioneering approach to implementing open banking The goal of open banking is to drive innovation and competition in UK financial services for the benefit of consumers and small businesses. Open banking...
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How a regulatory directive turned into a catalyst for innovation
Consumers are directly benefitting from a deeper integration of financial services with the entire financial system defined by unprecedented levels of personalisation and efficiency. Open banking is maturing to a place where financial institutions are no longer defined by rigid and out-dated practices and brands who initially had no connection to the finance space are...
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Fintech expertise is helping shape the future of banking
Digital acceleration has skyrocketed as technology and innovation provided by fintech companies is helping shape new financial products for banking customers. This digital financial advance is being driven by the creation of platforms that allow expertise to flourish and brings corporate innovation together with agile fintech companies. Building innovation Sonal Lakhani, Global Head of Programmes...
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Addressing the challenges and opportunities of digital money
Over the last few months there has been significant amounts of work done on the potential development of a UK Central Bank Digital Currency (CBDC). CBDC would be a new form of digital money issued by the Bank of England. I am part of the Bank of England’s Engagement Forum on this matter, which is...
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The UK fintech sector can be a force for good
The global fintech market has experienced steady growth and is expected to reach £380 billion by 2030. In the UK alone, the sector will employ over 100,000 by 2030. The numbers speak for themselves – the fintech industry is clearly growing from strength to strength, but what lies ahead? And perhaps most importantly, how can...
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AI adoption is on the rise in finance
According to our data and field research,1 an increasing number of firms and professionals in the financial services industry are seeing the benefits of AI (artificial intelligence) and big data. Where and how these technologies are being applied and the factors that differentiate successful adopters from the less successful have also emerged. Uses of AI...