Providing a layer between the banks and third party service providers can help with the management of API's meaning only one set of API's required to one connection platform for the bank. Multiple service providers can then connect into this platform minimising the workload for the bank.
20 Oct 2016 09:51 Read comment
Great to see a proactive approach & banks looking to maximise what is an opportunity. Looking to partners to assist will speed up the implementation of their new strategy.
03 Oct 2016 07:32 Read comment
Clearly this is becoming a very fluid sector with the boundaries between challengers, incumbents and service providers merging.
Who will emerge as the winners in this game?
Those that recognise they cannot do everything themselves but need to collaborate across the board to stay ahead of the competition and remain relevant?
15 Sep 2016 07:51 Read comment
This agreement is all about MasterCard securing its position in the face of threats from the banks and PayPal no longer having to pay card fees.
There is no benefit to the customer.
At least MasterCard are being pro-active in addressing upcoming threats to their business.
What are the banks doing?
08 Sep 2016 11:33 Read comment
The banks have a fantastic window of opportunity to position themselves as the "got to" resource for their customers for financial advice and services before they release their API's.
Question is, will they get their act together in time?
06 Sep 2016 11:56 Read comment
Graham, fully agree. Not only will a fully thought through strategy result in a better IT infrastructure for future growth and maintenance but a quicker ROI.
31 Aug 2016 12:30 Read comment
Great article. If the Fintech companies can collaborate with the banks when setting out the banks innovation strategy then developmant plans, with costs and timescales, will be more efficiently managed and more likely deliver the desored outcomes.
08 Aug 2016 11:05 Read comment
If the banks had a thought through strategy of where they want to go and engaged Fintech companies and customers at an early stage to help design and build new services as part of a complete customer solution then we might see innovation that will make a difference.
That does not yet appear to be happening.
03 Aug 2016 07:37 Read comment
Clearly there is no ambition here to build a disruptive service to take on the card schemes.
02 Aug 2016 21:41 Read comment
Absolutely agree! Before the banks can adopt disruptive technology there needs to be a committed change in mind set, from the top down. This change in attitude seems to be half hearted at the moment with banks just tinkering at the edges as opposed to a full blown overhaul of their busoness practices.
02 Aug 2016 06:31 Read comment
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