Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
Banks can’t predict user behavior with absolute certainty, but they can help frame their financial decisions by understanding how choices are made, and designing solutions around them. This group is for all things behavioral economics in the banking industry.
Most people can remember a situation in their lives in which they experienced a huge amount of stress when dealing with money. Whether it was a bad encounter with online banking, a struggle when plann...
There are many reasons for establishing and growing offshore bank accounts. For some, the goal is to set aside resources for retirement. Others may have other plans, like funding their children's cont...
One recent trend that I have noticed, is the increasing use of Nudges in fintech & digital solutions. Nudges are very powerful, as they subtly guide users and prompt them towards action / transact...
When it comes to saving money, it doesn’t matter whether you are rich, poor or whatever economic class you belong to. Besides being the crucial thing for an economically backward class to save money f...
Let us begin with the current state. The consumer credit industry is flourishing, with a variety of players such as banks, niche banks, and sales financing companies ("buy now pay later") gr...
It’s a generally accepted concept that all physical materials decay over time. Rocks, food, metal, bones, etc… all of these things become weaker or decompose gradually, at different speeds. Scientists...
Not for profit banking is a way of lending money that is not like traditional bank lending. Unlike how the local banks work, this form of banking comes from money that has been collected by the commun...
Retail investors face long odds in the capital markets against well-informed, sophisticated, and specialised financial institutions. Based on the analysis performed by finance magnates it appears that...
The financial system has now recognised that global warming is a financial stability risk According to the World Meteorological Organization, record greenhouse gas levels are driving temperatures to ...
The password management service SplashData made a splash this past December when it posted its list of the 25 worst passwords of 2018. For the fifth year in a row, “123456” and “password” ranked first...
Age plays an interesting variation in the workplace. We really are entering the golden age of Information technology as a profession where the first generation of the popular mainframes system is now ...
"A neural network more closely mimics the way humans think and reason, whereas linear models are more dogmatic — you’re imposing structure on data as opposed to letting the data talk to you."...