Fintech News Issue #209 March 21st, 2019

Podcasts & Videos

    Jason Henrichs and JP Nicols host Ron Shevlin, talking Ant Financial’s new core banking system, and Ron and Jason debate about what that means (and doesn’t mean) for banks and traditional providers of core banking technology.

Top Stories

    To be successful, banks and credit unions must integrate customer insight with environmental factors, transaction data and even social interactions to support engagement that leverages customer context. Without real-time data, both communication and advice to the consumer risks being out-of-date, inaccurate and out of context.

    Earlier this year, reports revealed that record levels of fintech investment had been seen in the UK since February 2018, reaching an all-time high of £2.6bn. The fintech sector itself is still relatively young, but as this industry matures, the trends and patterns in investment are inevitably set to change as companies look to scale up their businesses.

    Over the past ten years, banking has slowly, begrudgingly adopted a modern technology stack. Fintech has indisputably modernised the a tired, inwardly-focused industry, however one crucial aspect of the old world still remains. The business model upon which the banking industry is built, that of fee and float income, clings stubbornly to life.

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FinTech Articles