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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
A very interesting guest post from our friends at Tribe Payments on the future of direct debit payments and what may replace them. Are Faster Payments and VRPs the killer combination? Direct debits (BACs) and CHAPS payments have long served a useful purpose, largely due to their high transaction limit. But this dynamic changed with
Consumer preference around communication and experience has shifted to digital across many sectors, including mortgage lending. Certain technologies will be crucial to keeping financial service providers relevant to the next generation of borrowers. An analysis by Which? showed an average of 60 UK bank branches were closed every month in 2021. Banks say this has
Open banking has had a huge impact on many areas of lending in the recent years. Faster and better informed decisions, a wider variety of products and greater customer approval are some of the benefits that open banking has achieved. But, as we sat down on the FTT Open Finance stage at the Fintech Talents
Scott Wilson, VP, Mambu took to the stage on Day 1 at the Fintech Talents Festival to deliver a presentation that set-in motion many subsequent conversations across the day and beyond. Asking the question, Why open is a closed affair, Scott presented interesting findings on consumer attitudes and perspectives on Open Banking. He noted the
Open and in control? A consumer perspective Once a radical idea in the banking industry, open finance has now become commonplace. The benefits to consumers and financial institutions alike is clear with this data revolution offering people more control over their finances than ever. Innovation is also being fostered thanks to open finance giving customers access to
An overdue conversation for financial services: Where are we really headed next? If there was one theme that emerged during this pandemic, it would be one of acceleration. While much of our daily life feels like it has been in stasis these past nineteen months, it seems every area of financial services is experiencing some
Following from the brilliant FTT Building Societies virtual experience on 6th October, we recap some of the highlights of the day. This panel explored the benefits and challenges of open banking for mutual financial organisations. Open banking offers a viable solution to many problems that mutual organisations may face and can empower building societies and
The excitement is building as the Fintech Talents Festival is just a few weeks away. In this most recent Countdown to the Fintech Talents Festival, we are talking Open Banking / Open Finance with Scott Wilson, VP Commercial at Mambu. Listen in to hear Scott’s thoughts on the factors that will drive the adoption of
Christophe Langlois, Global Marketing Lead, Fintech and Developer Ecosystem at Finastra, joins us for our ongoing series – FTT Chats – where we sit down with the great and the good of FinTech to discuss innovation, new entrants and emerging technologies. In this chat, Christopher discusses the Platformification of banking, Finastra’s open and collaborative developer platform FusionFabric.cloud
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