MobileBanking

Building Trust in Mobile Banking

Today’s financial landscape is very different to that of yesteryear. Countless new business practices, regulations, and compliance procedures have emerged, while technological innovation has rapidly changed business models and operational processes.

Adding the development of remote solutions and growing numbers of businesses are realising the necessity of, not just being online but providing a first-class digital experience.

But how do banks ensure customers feel their information is safe with a lack of human interaction? Here, we will explore how institutions can build trust in mobile banking.

Bank

The Future of Onboarding for High Street Banks

According to a 2020 survey conducted by Bankrate, the average adult uses the same primary bank account for just over 14 years.

In these days of new account and switching bonuses, this stat seems incredible, but for financial institutions it means that winning new clients is more important than ever.

But, are customers really as loyal as this suggests? A number of factors have made the financial landscape more competitive over recent years, here we will explore the future of onboarding for high street banks.

GrowingFinTechs

How Remote Onboarding Has Grown FinTechs

The shift to digital was taking place well before COVID-19, but the pandemic, as well as advances in AI and alternative data, have helped accelerate the adoption and use of digital technology. Growing numbers of businesses are realising the necessity of, not just being online, but providing a first-class digital experience.

We almost take this new world for granted; from video conferencing and saving all of our information on the cloud, to startup brands having instant access to their customers – globally, people are becoming more connected with the use of digital solutions.

Consequently, businesses have had no choice but to innovate – and quickly – or risk losing market share and reputation to their more digitally nimble competitors.

AnonymityInCrypto

How Anonymous Is Cryptocurrency?

In the early days, it was commonly thought that cryptocurrencies like Bitcoin were a safe haven for criminals because they were untraceable and entirely anonymous. 

However, as organisations and the public gained a better understanding of blockchain technology, it became apparent that Bitcoin’s public transaction ledger was, in-fact, a gold mine of information for authorities. But the question still remains, how anonymous is cryptocurrency? 

UnbankedGlobe

The World’s Unbanked Population

Currently, there are two billion people worldwide who cannot access financial services because their data is not held on ‘traditional’ sources. There is a clear disparity between these ‘unbanked’ populations and those whose data is held online through the use of the internet and smart devices…

Recently, we explored how FinTech solutions are beginning to create more inclusive financial services, but what is the current state of play around the world?

BankBuildings

The Biggest Threats to Banks

Today’s financial landscape is very different to that of yesteryear. Countless new business practices, regulations and compliance procedures have emerged, while technological innovation has rapidly changed business models and operational processes.

Those who wish to access financial services are no longer limited to the banks on their local high-street; technological advancement and an influx of funding has provided options while opening doors to a previously unbanked population. This, along with increased regulations and cyber-security risks are just some of the modern-day threats to banks.

Crypto Stock Value

What Affects the Value of Cryptocurrency?

Cryptocurrency has long been a volatile market, with rises and falls of 40% or more in a matter of days not uncommon. But, with volatility comes opportunity and some savvy investors have capitalised on massive gains over the years.

The value of cryptocurrencies like Bitcoin have recently risen to their highest price in years, but what drives these price changes?

Fair World for Finance?

Do We Live in a Fair World of Finance?

There is a clear disparity between those worldwide who physically cannot access financial services because their data is not held on ‘traditional’ sources, and those whose data is held online through the use of smart devices...

Creating ‘a more inclusive financial world’ has been a fashionable mantra for a few years now, but what is actually being done to make banking services more accessible and affordable to the global population?

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