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By Martin Percival, senior solutions architect, Red Hat When was the last time you heard someone say that they love their bank? Over the years in the UK, a small set of banks have risen to the top by offering a structured set of closed-loop services to customers. We’ve become used to this approach, choosing […]
By Michael Winterson, Managing Director for Services at global interconnection and data centre company Equinix Digital disruption is being felt across multiple industries with the advent of applications such as Air BnB, Citymapper and Uber forcing many to either disrupt themselves or be disrupted. This has forced many businesses to completely change not only what […]
According to Ismail Ertürk of the Alliance Manchester Business School at The University of Manchester, banks and regulators are mis-selling the free banking argument, implying that consumers should not have to pay for the outdated technologies of banks and prop up their ill-designed profit models. Here, Ismail introduces Finance Monthly to a history of banking […]
Many banks are facing the ‘double-whammy’ of having to replace their ageing systems while also having to reduce their overall IT spend. Finextra asserts that 80% of banks will replace their core systems within the next three years. Grant Thomas, Head of Practices at BJSS tells Finance Monthly it’s more likely that it will take […]
The European banking industry has been struggling for years. The key issues that it suffers from have been known for some time. Indeed, many of them contributed to, and were highlighted by, the financial crisis which began in 2008. Yet they still need to be addressed. Here Anthony Duffy, Director of Retail Banking at Fujitsu […]
This week Finance Monthly has heard from Rob Haslingden, Head of Product Marketing & Propositions at Experian UK&Ireland, who gives us an overview of global credit scoring, the right attitudes, and the evaluation of data management and governance controls. Some industry commentators have suggested that Open Banking is a death-knell for credit scores. After all, […]
After (mostly) surviving the financial downturn of 2008, one could be forgiven for thinking that banks and the bankers that work within them are safe and secure. After all, if the worst financial crisis in a generation couldn’t derail them, then what could? That banks are safe is not necessarily the case though, and I […]
There’s no disputing that the UK is the firm leader of the fintech sector in Europe. Funding for firms in the industry in this country outpaced that of Germany by a staggering 398% last year. In fact, investors pumped £550 million in to UK fintech companies in 2015. It’s easy to see the sector’s appeal; […]
Financial services brands looking to engage affluent middle class customers risk being left behind if they don’t meet the expectations of these valuable customers in terms of digital experiences, research released today by Collinson Group has revealed. It found that 81% of affluent middle class customers use banking and finance apps – up from 69% in […]
Hours after the EU Referundum results were revealed, UK Head of Banking and Capital Markets at PwC Simon Hunt comments on the impact that Brexit will have on the banking sector in the country. The UK is one of the world’s leading financial centres. The banking sector plays a major part in generating exports of […]
Lloyds Banking Group has partnered with ASI (Advanced Skills Institute) and Google to test Google’s big data platform technologies and analytics on non-personal behavioural data using a “secure” Lloyds account on Google Cloud Platform. Lloyd’s digital analytics team – an in-house team – has been trained by Google on how to use the product and […]
Barclays reported a 2% drop in profits to £5.4 billion, and announced it intends to halve the dividend for this year and next. The bank will pay a final dividend for 2015 which brings the full year total to 6.5p but for 2016 and 2017 this will be reduced to 3p in each year. Barclays […]
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.