Competition within banking is almost non-existent. Limited incentives to switch discourage customers from embarking on the journey to a new bank account, but this is all about to change.
The finance industry was introduced to many influential technologies over the last year with startups and technology agencies driving change. Financial Services (FS) has always had a very traditional way of working and therefore, is often rigid in the products and services they can offer, however, thanks to the latest technologies, customers are expecting a more fluid way of banking and are expecting more from their FS providers. Here are 7 top technologies FS institutions need to know about:
Bitcoin is one of the hottest topics in technology, finance and general news channels, right now. The current value of the currency has attracted users across the globe, hoping to make thousands, even millions, by investing at just the right time.
Launched over two years ago, Revolut is a completely different company tothe fintech start-up establish in July 2015. It has drastically expanded in both size and resource, with offices across the globe and an ambitious plan to revolutionise the financial industry by offering a faster, slicker, cheaper and more accessible way to handle finances.
A guest blog by Jeff Lyall, Marketing Director at Smart Money People. Smart Money People is the UK’s #1 financial services review and insight platform.
With businesses and services looking to transform their digital strategy and implement new technologies and software to improve their services, the cyber threat is becoming an evermore present threat to company and personal computers.
Criminals are no longer using the attacks to demand just money. Political statements and aims of disruption are behind some attacks, with healthcare and finance becoming a high profile target.
You might not have noticed, but a banking revolution is underway. Along with all the major high street banking institutions scrambling to outdo each other with their mobile offerings, there are a fleet of startups beginning to compete in the mobile banking market.
Mobile technology has become hugely disruptive for an array of industries, it’s revolutionising our society and the way in which we work. Here are three industries which are at the cutting edge of digital transformation and where mobile has become a key disrupter.
Mobile technology has disrupted, and continues to disrupt, a huge number of industry sectors and the financial sector is no exception. Mobile has completely changed the financial market’s landscape and it continues to drive innovation.
It’s not just mobile banking that has emerged though. Innovations have been extended further than that, with emerging technologies, mobile devices and mobile applications having transformed and revolutionised the financial sector as we know it today.