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Latest Results from /retail

Níamh Curran

Níamh Curran Senior Reporter at Finextra

The fintech sentiment: is the £100 contactless limit a step towards a cashless society?

The British Government has announced that they have approved the contactless limit being raised to £100 from 15 October 2021. In response to this news, Starling Bank immediately stated their plan to allow customers to choose their own contactless limit, citing consumer concerns and little demand for the change. When contactless was initially launc...

/retail

Annerie Vreugdenhil

Annerie Vreugdenhil Chief Innovation Officer at ING

Why embedded finance isn’t about finance

Financial services. For centuries, they were a birthright for banks only. Tough restrictions made it impossible for others to offer them, making banks the only game in town. Enter embedded finance, and now any brand can offer financial services to its customers. Chances are you’ve already experienced it – in food delivery, taxi services, or shoppin...

/retail

Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

The future of payments: Instant becomes embedded

The craving for instant is feeding a surge toward embedded finance: financial services on the customer’s terms, from anywhere and at any time. Today, banks are not needed and according to Curt Chadha, head of international retail payments at Raiffeisen Bank International, embedded finance is synonymous with “seamless” services and the “experience ...

/retail

Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

Best practices for neobanks utilising machine learning to prevent fraud

Unburdened by legacy technology, physical branches and stringent regulatory requirements, digital financial outfits — otherwise known as neobanks — can disrupt the status quo, scale retail propositions, and expand into lucrative spaces such as business banking with a streamlined model. With over 250 neobanks operating worldwide and many more on t...

/retail

Paige McNamee

Paige McNamee Senior Reporter at Finextra

Why collaboration remains central to agile digital banking

The pressure to transform and innovate is constantly increasing for financial institutions. At the same time banks and building societies are faced with the risk of being held hostage by the limitations of their own platform. To become more agile, financial institutions have now recognised the urgency of collaborating with the leading minds across...

/retail

Annerie Vreugdenhil

Annerie Vreugdenhil Chief Innovation Officer at ING

Three ‘beyond banking’ opportunities banks can’t ignore

Kodak’s missed opportunity to invest in digital photography – a technology it invented – is one of the corporate world’s best-known horror stories. You’ve heard it: the biggest film company in the world, with a secure revenue stream and loyal customers who love the brand, goes bankrupt because it failed to innovate. But that’s not completely accur...

/retail

Annerie Vreugdenhil

Annerie Vreugdenhil Chief Innovation Officer at ING

4 things banks can do in 2021 to protect customer relationships

The age-old business saying ‘customer is king’ may be more relevant than ever in 2021, given the circumstances banks have to operate in. Spurred by surging demand for digital services during the pandemic, banks are tasked with speeding up their transformation agendas to cater to new customer needs. With consumer behaviour impacted to an extent only...

/retail

Jamie Crawley

Jamie Crawley Reporter at Finextra

Starling is profitable. What’s next for other UK challenger banks?

Profitability is no longer a distant dream for challenger banks after Starling Bank tipped into the black late last year. How will this affect the mindset of the digital banking landscape and what do other players need to do to compete and survive? At Money 2020 in October last year, Sergei Galperin, JP Morgan’s European head of fintech investment...

/retail

Tom Renwick

Tom Renwick Propositions Manager at Atom Bank

A vision for data driven lending

“The past is a foreign country - they do things differently there" - so runs the infamous first line of L.P. Hartley's novel, The Go-Between. And so the unprecedented economic circumstances associated with Covid-19 are set to alter the lending landscape: lenders are dealing with material impairments, degradation of loan portfolios and spikes ...

/retail

Retired Member

Retired Member

How has Covid-19 affected fintech trends?

Andrea Melville, Managing Director of Commercialisation and Propositions, Global Transaction Banking, Lloyds Bank, explores how the adoption and development of fintech solutions has been affected by Covid-19. Covid-19 has underlined how fintech enabled solutions can support businesses. This year, business leaders have reached for tools that give th...

/retail

Paige McNamee

Paige McNamee Senior Reporter at Finextra

Challengers: True threat or paper tiger?

It seems that the challengers really are showing their teeth. A recent report by Deposit Solutions, research found that the UK’s largest retail banking brands’ stronghold across the savings market may be under threat. The research shows that up to 20% of British consumers are considering switching their savings account provider over the next 12 mo...

/retail

Mike Elliff

Mike Elliff CEO at Tyl by NatWest

Changing Face of Retail: Why retailers should tap into contactless

It goes without saying that the retail industry has changed dramatically over the past few years and that the high street is a very different place now compared to what it was ten – or even 5 – years ago. While many cynical naysayers have predicted the death of the high street year on year, the retail apocalypse is yet to come to fruition. More re...

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