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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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Personal Loans Market Biggest FinTech Threat to Incumbent Banks

1st December 2017
Financial technology start-ups such as Ratesetter and Lendable pose a significant threat to the dominance of established banks in the UK’s £200bn personal loans market, according to new research. In the ‘Battling for Buyers’ report, behavioural science experts Decision Technology (Dectech) explore consumer openness to fintech providers across a range of banking products, such as […]
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DBS Private Banking & Wealth Planning in Singapore

30th November 2017
Henny Woon Loong is the Chief Trust Officer for Wealth Planning in DBS Private Banking. He has oversight of all existing trust client relationships, as well as trust policies, documentation, pricing, product development and business acceptance. Henny heads the Wealth Planning team in Singapore, which provides personal trust, estate planning and liquidity planning services to […]
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Bad Debt Overshadows Signs of Growth in Banking and FS

27th October 2017
The UK’s Banking and Financial sector has experienced a strong quarter, despite ongoing uncertainty caused by the Brexit negotiations, according to figures recently released in the Creditsafe Watchdog Report. The report tracks quarterly economic developments across the Banking and Financial and 11 other sectors (Farming & Agriculture, Construction, Hospitality, IT, Manufacturing, Professional Services, Retail, Sports […]
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Clever Marketing is Key to Thriving in an Open Banking Environment

27th September 2017
Pini Yakuel, founder and CEO of customer engagement specialists Optimove, talks about the coming changes in the financial services sector. Ten years ago, UK bank Northern Rock collapsed, marking the beginning of a global financial crisis whose effects on financial services are still being felt today. Consumer mistrust in traditional banks does still linger from […]
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Game of Loans: Homeowners Believe They Are in a Mortgage Prison

7th September 2017
Three in five (60%) people surveyed by Masthaven bank believes that they would find it hard to get a mortgage today - half (50%) of UK homeowners surveyed feel this way, indicating some may feel like mortgage prisoners. According to a new report by challenger bank Masthaven, the mortgage market is not in tune with […]
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Internet of Banking and Payments

25th August 2017
21-23 November 2017 Canary Wharf, London  PSD2 will fundamentally change the ways in which consumers will pay for items. For banks, it will open the door to a wave of competitors, require a lot of investment and has the potential to reduce revenue streams. However, Open Banking more broadly is a huge opportunity for the […]
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What is Gamification and Why is it Good for the Banking Sector?

7th August 2017
The world of banking, perhaps more than any other industry, has undergone significant change in recent years. As technology, strategies and partnerships progress, we’re beginning to see new avenues of growth such as gamification, which according to Karen Wheeler, Vice President and Country Manager UK at Affinion, may hold the key to enhanced customer engagement […]
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Covenant-Lite Loans Fast Becoming New Norm, But at What Cost?

25th July 2017
Private equity firms have slowly started to push loans that have restrictions on which investors the debt can be sold to, limiting the amount of bargaining that can take place. Stephen Hazelton, Founder and CEO of Street Diligence, explores with Finance Monthly the long-term impact eroding this protection for investors will have. Despite the rapidly […]
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Just Six Months Left Until the Open Banking Revolution

5th July 2017
There are just six months left until Open Banking phase two begins, when customers will be able to digitally access and securely share their bank transaction data to get the most from their finances. The initiative will encourage financial service providers to offer high quality, targeted services and in turn boost competition. Roger Vincent, Head […]
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Data Can Be the Best Fuel for Your Banking Customer’s Experience

14th June 2017
We’re living in a data rich world. IBM estimates that 90% of the data in the world today has been created in the last two years alone. This means it’s crucial that businesses keep control of their sensitive customer data. Tanmaya Varma,  Global Head of Industry Solutions at SugarCRM, illustrates to Finance Monthly the true potential […]
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Death, Taxes and Digital Transformation: Is the Banking Revolution Inevitable?

11th May 2017
As technology changes, and thereby so does the customer, a banking revolution is at hand. Here Peter Veash, CEO at The BIO Agency discusses with Finance Monthly the sector’s adaption to the internet of things and the constant need to be ready for change. High street bank brands have remained largely set up to cater […]
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25% Drop in Global Correspondent Banking Relationships Linked to De-risking

10th May 2017
Recent banking research from Accuity has revealed that between 2009 and 2016, correspondent banking relationships, where one financial institution provides services on behalf of another in a different location to facilitate cross-border payments, have reduced globally by 25%. This comes despite the fact that global GDP per capita grew during the same period, following the […]
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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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