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Innovation has been the hallmark of the banking industry in recent years. From the rise of challenger banks that offer high-levels of customer experience to the growth of banking-as-a-service and advanced forms of customer authentication such as biometrics; there seems to be no stopping the wave of innovative products, solutions and services on offer in
In a relatively short amount of time, Fintech has become a major presence across the global banking system. In both developed and emerging markets, the unique benefits of Fintech products have been a central driver in the high adoption rates it has enjoyed. One of the most interesting and fast-growing areas of Fintech is the
The combination of rapidly increasing inflation, expectations of additional growth in the Bank of England base rate and fears of a damaging recession are causing concern across the financial world. Mutual banks, building societies and credit unions are far from immune to the complex pressures facing all businesses, including financial firms. Perhaps the most impactful issue
For billions of people around the world, social media platforms have become an essential part of daily life. From keeping up with the latest news to messaging friends, services like Facebook and Twitter have rapidly grown to be some of the most visited websites in the world. Just as the number of users has increased,
To most people, Starbucks is a cafe that serves coffee, food and snacks. But this global coffee firm can also be viewed as one of the world’s largest neobanks. Thanks to the “Starbucks is a bank” vision of Starbucks CEO Howard Schultz, millions of Starbucks customers who are members of the rewards programme are essentially
Navigating a prosperous path beyond the COVID pandemic is a key goal of countries across the world. Yet, if a successful economic plan is to be implemented, financial inclusion needs to play a central role in the strategy. While a great deal of progress has been made towards including underbanked people in the mainstream financial
Winners, losers and fraudsters – Identity verification for online gaming Already rapidly growing sectors, digital gambling platforms and online gaming sites exploded in popularity during the height of the COVID pandemic, as many people stuck at home turned to these sites for entertainment. According to market research firm Statista, the global online gambling market alone
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