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Digital Banking
More Than Half of Consumers Moving Away from Traditional Banking
Digital banking is growing in popularity with 53% of consumers using or willing to move to an online or mobile only bank — 27% have moved already, while 26% are considering the switch. This is according to research commissioned by Relay42.…
6 Challenges Facing the Financial Sphere in 2018
Below Finance Monthly hears from Managing Director of Equiniti Credit Services, Richard Carter, who discusses the impact of digitalization on the lending market, rising interest rates and his predictions for the 2018 landscape.
Digital…
Efforts to Tackle Mobile Fraud Are Being Hampered by a Lack of Clarity Around Liability
Despite the mobile channel being an increasingly lucrative one for fraudsters to exploit, efforts to implement watertight authentication are being stymied by a lack of clarity around which party is liable in the event of sensitive data…
Fintech Revolution Is Here to Stay as Banks Plan to Ramp Up Investment
More than three quarters (77%) of commercial banks are preparing to increase fintech investment over the next three years as the rapidly growing sector shows no sign of slowing, with 86% of senior managers expecting an imminent rise in…
Why Is Facebook Adding P2P Payments for Its Users? Will It Catch On?
Traditional banks are lagging behind when it comes to technology and we are increasingly seeing non-financial services companies, like Facebook and Orange moving in into the territory of traditional banks. Below Daniel Kjellén, Co-Founder…