Blog

A Valentines proposal for Banks & Fintechs: Engagement, Partnership or Separation?

[fa icon="calendar'] 12-Feb-2021 08:39:25 / by David Woolcock posted in Banking, Regulation, partnership, Payments, challenger banks, digital bank, fintech

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Banks have always been top of the food chain.  The threat of FinTechs (Challenger Banks are included in that term here) have done little to change that fact in terms of numbers of customers and sheer size. When the phenomenon of FinTechs hit the banking scene it was very much as competitors.

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The new Lego - building blocks of the new cross-border payment roadmap

[fa icon="calendar'] 20-Aug-2020 15:37:38 / by David Woolcock posted in Banking, Regulation, Treasury Management, Treasury, Payments, FCA, FX payments, regulatory reporter, Treasury Trading Solutions, Banking Regulation, treasury trading, COVID19, UK, cross-border payments, cross-border

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I have been catching up on some light reading in the glorious English sunshine.  One report in particular caught my eye; the Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures released a paper in July

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Are mobile payments a challenger? Ding-Ding, Round two!

[fa icon="calendar'] 01-May-2020 07:55:14 / by David Woolcock posted in Banking, Payments, PSD2, Banking Regulation, APIs, SWIFT, PRA, challenger banks, Growth

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In my last bloglooking at the rise of the challengers to the traditional banking industry, I stated “these ‘lightweight’ contestants in the banking market have harnessed new technologies and processes to deliver a better customer experience.” The blog elicited a comment from Kevin Gillespie when posted on LinkedIn – You missed the entrance of mobile phone companies in payments ... mPesa in Kenya is 45% owned by Vodafone and operates payments in Romania on the same platform ... the new competitors may not even bother to get in the ring and still win the fight as they invent new ways of exchanging value”.

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Lightweight versus Heavyweight – will it always be a foregone conclusion in the ring?

[fa icon="calendar'] 16-Apr-2020 09:17:58 / by David Woolcock posted in Banking, Payments, PSD2, Banking Regulation, APIs, SWIFT, PRA, challenger banks, Growth

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Since the Global Financial Crisis (GFC) the banking industry, especially in the UK, has experienced significant growth with the advent of the “Digital Challenger”. These lightweight contestants in the banking market have harnessed new technologies and processes to deliver a better customer experience.

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PSD2 – the really useful regulation

[fa icon="calendar'] 03-Jul-2018 06:00:00 / by Robert Harris posted in Banking, Customer Service, Regulation, Payments, Compliance, PSD2, regulatory reporter

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The 2018 Payment Services Directive (PSD2) opens up payments markets to new, radical service providers in an aim to create a cheaper, more efficient European payments market. It provides new opportunities for third parties to access banks’ internal data in real-time to improve customer service.  

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siena and the Cross Border Payments Controversy

[fa icon="calendar'] 16-Nov-2016 10:53:36 / by David Woolcock posted in Banking, Blog, Payments, FX, Technology

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How can technology support the principle of ‘fair and effective markets’?

In my last blog on cross border payments I was mulling the concept of “fair and effective” markets and musing how that would apply to the current landscape of high bank charges in this area. The original blog was inspired by a newspaper article that was expressing outrage that a bank was discriminating against smaller corporates (SME’s) on a systematic basis.

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