Business & Industry
Fintech Q4 2021
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Wealth managers are ready for digital transformation
Wealth management and advice firms are now operating in an increasingly digitised environment and all firms recognise the need to enhance their proposition through the innovative use of technology. The COVID-19 pandemic has accelerated digital trends that were already there, in part thanks to shifting demographics plus market and legislative changes. According to the Department...
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Unlocking green finance through innovative technologies
Emerging technologies are essential to delivering green finance, enabling us to move towards net zero by 2050 and meet the USD 100 billion a year global commitment of climate finance. At COP26, industry and governments from across the globe discussed the way forward to boost climate finance – and indeed many positive statements were made. ...
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Technology can innovate pension saver engagement
Technology continues to play an ever-increasing role in our lives; now it’s also helping us plan for our retirements. As the world moves forward, so must the pensions industry. As an organisation, we recognise that, generally speaking, savers’ engagement with their pension is low. That is why we’ve been working on ways to improve peoples’...
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Can fintech end our unseen business crisis?
As small businesses adopt new finance platforms to meet fresh tax reporting requirements, there’s hope these tools could help end a £23 billion poor payment scourge. Many of us are familiar with the challenges facing smaller firms following 18 months of on-again, off-again lockdowns – supply chain disruption, spiralling utility bills and surging employment costs...
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Creating a true European market for financial services
Europe is home to some of the most innovative fintech companies globally, but the highly fragmented regulatory landscape keeps it from realising its full potential. The European Union has the potential to lead the revolution towards tech-driven, fully digital financial services, providing users with new and innovative ways to manage their finances safely and securely....
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Post pandemic trends: rethink payment acceptance strategies
Merchants and payments companies must anticipate what’s next. What are current trends in merchant payments and what can we expect in 12 months? In-store retail sales fell dramatically in 2020 and 2021 when the pandemic forced merchants to close physical stores. On the other hand, the global ecommerce market grew 19% to $4.6 trillion and...
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How to avoid failure whilst scaling in fintech
Currently, the biggest fintech trend is to create the ultimate frictionless, coolest, fastest app and unregulated payment solution, but these are all wrong! Trust and getting the regulatory fundamentals rights are basic elements of success. Although the regulations around fintech give the opportunity to move fast, you must get your fundamentals in place from day...
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Artificial intelligence (AI) in lending: the importance of humans and machines
The assessment of creditworthiness of prospective borrowers by banks and fintech lenders using AI and machine learning (ML) models is one of the most transformational use-cases of AI in finance. Credit scoring models powered by AI provide risk scoring of thin-file clients with limited credit history or insufficient collateral, such as micro or young SMEs....