News, analysis & resources
Mobile contactless transactions hit £370m in UK in H1 2017
Is there fintech life outside London? Yes, there is. And it is vibrant!

Mobile contactless transactions in the UK topped £370 million ($476 million) in the first six months of 2017, a whopping 336% year-on-year increase.

KeyBank invests in Billtrust, launches AR platform
KeyBank

KeyBank is putting its money where its mouth is. The bank isn’t just partnering with fintech companies, it’s also investing.

Infographic: why your moat is no longer enough to protect your castle

In the 1600s, Spain built an impregnable defence system to protect the San Juan Bay in Puerto Rico. A similar model could be used to protect account holders from cyberattacks. But with 15.4 million Americans falling victim to identity fraud last year, three lines of defence are no longer enough.

Fintech funding round-up: 18 August 2017

We’ve got your back if you want to keep track of financial backing. Our latest fintech funding round-up features Options, Instamojo, AnyPay, Aegon and Funding Circle.

Banking Technology Magazine
Banking Technology July/August 2017 issue out now
Banking Technology July/August 2017

Set sail for fintech! The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

Industry Comment
Physical containers – reused in novel ways. Does that include nextgen branch offices?
Shipping container reimagined

With standards as simple as what we see with shipping containers, creative folks will begin considering options for almost anything that can benefit from these containers being mobile. The user experience that today we enjoy with mobile devices has changed the very heart of today’s data centre even as we see on-premise IT moving to clouds. Couldn’t a case be made that such flexibility be embraced even more aggressively in the future and couldn’t that change the very way we view banking as it continues to transform?

Is this the end of fintech as we know it?
Armands Broks, Twino

In the age of the internet, fintech dominates finance. In the UK, the sector is currently worth £7 billion, employing around 60,000 people with figures set to increase. The industry is definitely awe-inspiring, but as the lines between traditional banking services and fintech blur, fintech could disappear entirely.

Time to act: EU Funds Transfer Regulation 2015

The EU Funds Transfer Regulation 2015 (FTR 2015), which has been in effect since 26 June 2017, aims to deliver full traceability of payments. A lack of regulatory clarity is, however, leading to significant implementation hurdles that require urgent action from all stakeholders.

Getting to experience thinking

“We’ve got a great idea we think you’re going to love.” Despite its manifest flaws, this is the approach that has long dominated the development of new products and services. While introducing products that people love is an exemplary goal, real omniscience has proven to be distressingly rare.

New in regtech: digital ID verification

It’s no secret that increased regulations are a significant pain point for commercial and community banks. According to Thomson Reuters Global Cost of Compliance 2016 Survey, more than one-third of participating financial institutions reported spending at least an entire day each week keeping track of regulatory changes.

@banking
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