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.
Buying a house as a first-time buyer is notoriously tricky. What’s more, it has been getting even more difficult as of late. A range of factors, from stagnating wages to increased credit risks, can make it harder for many would-be homeowners to get their plans off the ground. However, the family could be an answer […]
Even though it’s early days for open banking there are already plenty of trailblazers offering new services, writes Huw Davies, CCO at Token. From forex to rental accommodation, personal identification to loyalty schemes, many customer experiences are starting to be transformed by the effects of Europe’s Second Payment Services Directive (PSD2) just months after it […]
For an insight into Banking-as-a-Service (BaaS), Finance Monthly connected with the Managing Partner of zeb - Bertrand Lavayssiere. The rise of service-based platforms Improving cost-income ratios by 15% or more is becoming a necessity for most financial institutions looking to win through in the new age of banking. Moving operations to a service-based model such […]
In a world of central banks and international monetary funds, it can be difficult to believe that the gargantuan world of finance was once in the hands of a few small and highly influential families. Before the modern financial era, the only groups with access to the power and capital to become banking titans were […]
Banking apps are set to have the biggest impact on commercial banking within the next five years according to more than two thirds (68%) of commercial bankers, a study has revealed. Banking apps are also predicted to become one of the most disruptive technologies during the same time period. Only cryptocurrencies (56%) and virtual assistants […]
Barclay’s ex-boss Anthony Jenkins recently said that technology could replace more than 50% of banking jobs. Finance Monthly heard from Ian Bradbury, CTO Financial Services, Fujitsu UK & Ireland, who shared his thoughts. With the number of banking branches declining, the financial services sector is undeniably undergoing significant change, driven in no small part by the increasing […]
When it comes to trading globally, banking access and reconciliation can be remarkably complex. Not only do businesses interact with a range of financial institutions to track funds across multiple bank accounts, they are also required to reconcile accounts receivable and payable transactions throughout the global supply chain. Funds may get lost in transfer and […]
Two years on from the CMA market review which initiated Open Banking, Jake Ranson, banking and financial institution expert and CMO at Equifax, anticipates profound long term impact. Open Banking was established to encourage competition. It’s well known that current account switching remains low, but this doesn’t reflect the full story. The initiative has been […]
Online research from Equifax, the consumer and business insights expert, reveals a lack of awareness of banking options among Brits. When presented with a list of digital banks 60% hadn’t heard of any of the brands and only 20% would opt for a challenger bank if opening a new account today. The survey, conducted with […]
The United Kingdom, specifically London, has built a position as Europe’s primary financial hub, bridging the gap between the European Union and Asia, the United States and other regions. After Brexit comes into effect in March 2019, this once unassailable position will no longer be certain if it becomes more difficult for banks and other […]
PSD2 promises a radical change, opening up the strictly regulated financial industry to new players. But Djoeri Timessen, the youngest Bank Director in The Netherlands, at the helm of innovative mobile start-up bunq, wonders whether PSD2 addresses the real issues or is simply a stopgap solution. The much-anticipated revised Payment Services Directive, or PSD2, came […]
Finance Monthly speaks to Kristinn Gils Sigtryggsson, the Founder of Bankers Confidence ehf, an Icelandic company that offers small and medium-sized banks a comprehensive backup and added value support services to enhance their reputation and confidence. Tell us about the inspiration behind Bankers Confidence – is it what you hoped it would be? On […]
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.