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When Open Banking was introduced last year, it was viewed as the silver bullet that could drive financial services innovation while transforming customer experience.
Properties offer the best value, whether for live-in, rent, or resale. The golden rule to property investing is to buy cheap and sell expensive. This is easier in theory than in practice.
Most people always carry their phones with them — very few leave the house without their device. And so, it’s natural that mobile banking appeals to a large percentage of the UK population.
Banks have always relied on middlemen to facilitate different financial transactions, such as accepting deposits, lending money, processing payments and issuing checks, which can be time-consuming and costly.
Jake Ranson, Banking & Financial Institutions Expert and CMO at Equifax UK, believes both consumers and companies will benefit from the growing development and impetus of Open Banking in the year ahead.
The use of artificial intelligence (AI) in the banking sector is nothing new and we have seen it implemented across a range of areas within financial institutions, such as credit risk management, risk and finance reporting, trading floors, customer relationships and of course, security.
As an enabler for increased competition and customer choice, open banking is transforming the banking sector for consumers, challenger banks, FinTechs and traditional players alike. The UK’s version of the second Payment Services Directive (PSD2), open banking is forcing UK banks to open their data sets via secure application programming interfaces (APIs), resulting in them […]
Recent figures show that regulated bridging loans have fallen in the third quarter to the lowest level since Q1 2015. The culprit is Brexit, with property developers acting cautiously and waiting for property prices to come down before acting. It also suggests the preference of many developers to use unregulated bridging loans which can be […]
Beyond simple chatbots, cognitive assistants – with their superior capabilities to understand context and sentiment – have the potential to truly revolutionise both customers and employees’ experiences in banking.
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.