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Banking & Savings

Welcome to Banking and Savings - for insightful guidance on maximizing your financial potential. This dedicated space offers in-depth knowledge on various banking products, savings strategies, and the latest in financial technology innovations.

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Whether you're seeking the best savings accounts, exploring high-interest options, or looking for secure and efficient banking solutions, our resources aim to equip you with the tools and knowledge for effective money management and achieving your saving goals.
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How Will the Cambridge Analytica Scandal Impact Open Banking?

30th April 2018
The Cambridge Analytica revelations have put the issue of data privacy front and centre in the minds of consumers, policy-makers and businesses. Facebook has taken up much of the media’s attention but with other recent and notable data breaches involving many millions of customer credentials, companies are being scrutinised for their data-handling practices like never […]
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Mountain State Financial Group: Mortgage Loans in Colorado

30th April 2018
Robert Hoff founded Mountain State Financial Group in March 2015 after 15 years of experience in banking, investment, and finance. It was during this time that he saw the many opportunities for improvement in the finance industry, particularly for home mortgages. Thus, he decided to tackle these issues head on by starting his own mortgage […]
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Women in Banking Sector Face a ‘Double Glass Ceiling’

20th April 2018
Women in banking face a ‘double glass ceiling’; one when being promoted to management and another when being promoted to executive roles, according to new research from the SKEMA Business School Observatory on the Feminisation of Companies. Although women make up 52% of banking sector employees globally, they average only 38% of middle managers and […]
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The Top 5 Technologies Shaping Commercial Banking Today

12th April 2018
From AI to all things IoT, Russell Bennett, Chief Technology Officer at Fraedom, discusses with Finance Monthly the top five technologies that are already making waves in the banking sector. Over the past five years, technology has fundamentally changed how the financial services sector operates. Many retail banks already successfully cater to customers’ digital needs. […]
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What the Rest of the World Can Learn from Europe’s Open Banking Push

28th March 2018
By Mark Jackson, Head of Financial Services, at Collinson Group – a global leader in influencing customer behavior to drive revenue and value for clients.   2018 is set to be a game changer for the relationship between banks and their customers. Driven by the European Commission’s second Payment Service Directive (PSD2), which has now […]
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Is WhatsApp Facilitating Banking Fraud?

23rd March 2018
Sharing confidential information is a data protection issue with more and more red tape every day. With more and more apps differentiating encryption methods, this becomes even harder to manage for authorities. Below Finance Monthly hears about the potential for banking fraud via apps such as WhatsApp from Neil Swift, Partner, and Nicholas Querée, Associate, […]
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Does Open Banking Need to Be Personalised to Work?

16th March 2018
One in two UK consumers would be happy to share transaction data with third parties if offered a more personalised service, whilst one in three would be happy to use banking services from technology companies, because of the personalisation they offer. UK Banks that missed last month’s Open Banking deadline are facing up to the […]
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Here’s an Example of How Open Banking is Already Turning Heads

13th March 2018
Attempts have been underway in Parliament recently to help tenants improve their creditworthiness. This includes new legislation to make lenders give rental payments the same weight as mortgage premiums, including most recently Big Issue founder Lord Bird’s draft Creditworthiness Assessment Bill. Open Banking - ahead of any future legislation - offers tenants the potential to […]
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India’s Biggest Ever Banking Scandal: Billionaire Jeweller Accused of ‘Gaming the System’

28th February 2018
In the past week, India’s news have been dominated by billionaire jeweller, Nirav Modi (no relation to the Indian Prime Minister), who has been accused of defrauding India’s second largest government-owned bank of $1.8 billion or the biggest banking fraud the country has ever witnessed. Mr. Modi, who calls himself “haute diamantaire”, has been the […]
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Is Open Banking Really Safe?

9th February 2018
In force since January, the Second Payment Services Directive (PSD2), aka Open banking, is a regulation that forces the largest of our banks to open up access to their data; a necessity that could change the way many people and businesses bank. Below Jerry Matthews, Commercial Manager & Head of Bridging at KIS Finance, explains […]
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How Did the Banking & Financial Sector End 2017?

25th January 2018
The UK’s Banking and Financial sector has ended the year on a positive note, with the growth of new companies up 18.56% to 5,775 and failures down by 37.89% to 59 compared to Q3, according to figures released in the quarterly Creditsafe Watchdog Report. The report tracks economic developments across the Banking and Financial sector […]
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Meltdown & Spectre: 2 Ways Your Banking Device Is Vulnerable

24th January 2018
You may have seen the headlines just a few weeks back: Intel computer processors at risk form hackers. The computer technology firm owned up to some serious flaws in their systems and began to implement patches. Below Rusty Carter, VP of Product at Arxan Technologies, explains the ordeal and touches on the detail of the […]
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About Finance Monthly

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Finance Monthly is a comprehensive website tailored for individuals seeking insights into the world of consumer finance and money management. It offers news, commentary, and in-depth analysis on topics crucial to personal financial management and decision-making. Whether you're interested in budgeting, investing, or understanding market trends, Finance Monthly provides valuable information to help you navigate the financial aspects of everyday life.
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