Community
A group for discussion of how banks and corporates are moving towards standardisation and more efficient, automated processes for opening, maintaining and closing bank accounts.
As the owner, you will also give up ownership if you leave this group.
Steven Hatton Co-founder & Director at Trusek Ltd
The priority for most new Fintech’s at the outset of your journey will be to get a MVP. This may be to attract investment, get to market and therefore onboarding clients and generating revenues as quickly as possible. Many start out with a clear idea of what you are going to be bringing to the market and how you will be improving the lives of your ...
15 February 2022 /payments /startups
Competition in business is always fierce, so many Fintech businesses look to find an innovative solution to common problems in order to differentiate themselves from their rivals. Other businesses look primarily at how user-friendly their model is, and the use of innovation and technology will provide a slicker user experience. Whichever approach a...
29 September 2021 /payments /startups
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Almost every recent article written about banking starts with the statement that the banking industry is being disrupted by new competitors, new innovations and new technologies. Although this statement is definitely true, the extend of the disruption can still be debated. Even the most innovative neo-banks still work with bank (current, saving, te...
23 March 2020 /retail
Retired Member
In April this year the European Banking Authority released their final RTS draft for PSD2 to be presented to the European Parliament. Many European Fintech companies feel that the draft does not stay true to the principle of equal playing field that PSD2 was originally intended to provide. To make our voice heard, an association has been formed c...
09 May 2017 /regulation /inclusion
Customer experience the key as UK account switching gathers pace The in-bank customer experience has always been important for financial institutions, but two current trends are placing even greater emphasis on this point of contact Firstly, switching bank accounts has never been easier. Since the UK Payments Council introduced its current acco
24 April 2014 /retail
Chris Errington Semi-retired at None
While innovations such as Faster Payments in the UK have accelerated banks’ transaction processing, many client money managers are still lagging. Manual processes are still prolific and this can result in inaccuracies when matching incoming cash receipts to outstanding invoices with virtual accounts. Regulatory pressure is on the up when it comes ...
26 March 2014
Vilmos Levente Kovacs Managing Director at Simplexion Informatikai Kft.
Since Saturday became non working day bank have been the only closed service on weekend. Although in that accelerated world retail purchasing is shifted to weekend. Paying cashless seller only can reach the money in the next working day at best case. This statement also through to payment card transactions too because in case of card usage, only a...
24 August 2011 /retail
I just returned from London, where I attended a two-day conference on EBAM (more specifically, SWIFT EBAM). While it was a relatively targeted audience (approximately 60 people were in attendance), its primary focus was on-boarding, bank account management, identity management and customer service. There were mostly top banks on hand, such as Citi...
26 February 2010 /wholesale
I can’t agree more with Hilary Ward from Citi. In her recent article on GTNews, Hilary talks about the benefits of automating the process around on-boarding and bank account management, between corporates to banks. “While the process has not fundamentally changed in 100 years, the technology and the demand from clients to move from paper to elect...
08 July 2009 /sibos /wholesale
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