• Lloyds Banking Group has announced it is to pay its first shareholder dividend in six years after posting a much improved financial performance for 2014. The bank announced a statutory […]
  • The UK’s RBS Group announced an attributable loss of £3,470 million (€4.7 billion) in 2014, compared with a loss of £8,995 million (€12.3 billion) in 2013, when it posted its […]
  • The Bank of England today launched its new One Bank Research Agenda – an ambitious and wide-ranging framework to transform the way research is done at the Bank. The One […]
  • Yesterday the FTSE 100 recorded its highest closing price ever, finishing at 6,949.63, higher than its previous best of 6,930.2, recorded on December 30, 1999, when the dot come boom […]
  • Balfour Beatty, the international infrastructure group, has announced that it has agreed heads of terms with the Trustee of the Balfour Beatty Pension Fund to re-profile the £85 million (€116 […]

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Editor's Choice

2015: What to watch

headshot_JeremyJeremy Mugridge, Marketing Director at Instinct Studios, presents his top five financial predictions for 2015

When it comes to embracing digital and technology, financial services has been way behind the curve in comparison to other industries such as retail, travel and telecoms. The good news is that we’re seeing a few green shoots of innovation beginning to emerge. We believe 2015 is going to be an exciting year for financial services and this is why:

1. The Bitcoin fund revolution

Bitcoin became one of the key buzzwords for 2014 with many people wanting to do business in Bitcoin and other crypto-currencies. As it becomes more widely used and accepted by online retailers, and with the increasing prospect of regulation as the FCA watches over, Bitcoin could go mainstream.

2. Investing in better use of big data

Big data – yep, that old buzzword has been around for a few years and won’t be going away either! The real question we think will crop up next year will be ‘What do I do with this data?’ It’s all well and good telling people they walked an average of 6,000 steps a day…but then what?

Better use of big data will have significant implications for direct-to-consumer investment platforms. Platforms will use the investor’s profile to help them discover new investment ideas and hopefully make better decisions.

3. Connecting the financial Internet of Things

We’ve being hearing about the ‘Internet of Things’ for a while now, but as technology continues to advance at a mind boggling rate, we’re going to see the digital world becoming more and more connected during 2015. This will permeate into the finance sector enabling customers to interact with financial services brands in a much more fluid way.

4. The growth of financial automation

Home automation is only going to grow and already we’re seeing Dyson’s new robot vacuum cleaner and Apple’s HomeKit taking this technology forward. Phillips’ Hue light bulbs can already be programmed to change depending on the weather or what music you’re listening to, but this technology could easily be applied to financial services.

5. Wearable tech becomes mainstream

Wearables have been around for a while but we’re likely to see this gain momentum after the release of Apple Watch. 2015 will be the year where we’ll see a shift in focus from health and fitness towards other areas like peoples financial health.

Read the full feature in the January 2015 edition of Finance Monthly Magazine