Latest opinions that Brad Goodall has shared on Finextra

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Brad Goodall

CEO

BANKED

Member since

18 Nov 2021

Location

London

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Brad's opinions

What must happen to get Open Banking done right in the UK and Europe?

While Open Banking has been a game-changer for the UK’s financial services sector, the rest of Europe has yet to fully embrace this concept in the same way. This has resulted in a lack of consistency in implementation and a range of challenges that need to be addressed. Innovate Finance, the industry body representing UK FinTech, in partnership wi...

28 March 2023 /payments /regulation Open Banking

Preventing mobile payment fraud

While the rise of mobile devices has streamlined transactions worldwide and made consumers’ lives easier, the dark side of this growth is that mobile payment fraud has only become more sophisticated. Back in 2007, only a third of people in Great Britain used mobile banking – now, that figure is over 90 per cent. Alongside this growth, there has b...

27 February 2023 /security /payments Payments strategies 2015-2020-2030

Add Value or Go Home - why payments delivering customer value and helping merchants foster loyalty

The past 12 months have been tough for payment providers across the board, with market volatility and the end of cheap money leading to funding cuts, mass layoffs, and redundancies. Many firms have been struggling, and certain news stories demonstrate the ongoing challenges. Last year, Klarna laid off 10 per cent of its workforce, and its valuatio...

22 January 2023 /payments /startups E-commerce

How to reduce online payment fraud without adding too much friction

Back in 2002, the fraud losses related to eCommerce fraud on UK-issued debt and credit cards amounted to 28 million pounds. Decades later, that number continues to skyrocket, with the annual losses hitting 376.5 million pounds as of 2020. During the pandemic, as people spent more time online than ever, there were new waves of online crime. Ove

22 January 2023 /payments /crime Payments strategies 2015-2020-2030

How to combat the rise of fraud during a recession

The brutal combination of high energy prices, high inflation, soaring interest rates, and global economic weakness has made the UK economy ripe for a recession until the middle of next year, according to a recent analysis by EY. Where’s there a recession - there’s also a rise in online crime. Not only do merchants have to be wary, but also consume...

31 October 2022 /payments /inclusion Embedded Finance

Why technology has a vital role in financial inclusion in a post-pandemic world

When financial services and products are readily available to adults of all demographics, people have more power over their cash flows and can invest in their households, skills, or business. Right now, financial inclusion plays a pivotal role in reigniting economies as they recover from the fiscal damage caused by the COVID-19 pandemic. Howe

03 August 2022 /payments /inclusion Fintech

Account to Account: The Next Big Thing in Payment Options

Account to Account: The Next Big Thing in Payment Options While contactless payment took years to gain momentum, most people now cannot imagine life without it, and it accounts for over a quarter of all UK payments. Adoption takes time, but several “hygiene factors” make a new payment method more likely than others to become ingrained in daily lif...

27 June 2022 /payments Frictionless Payments

As ‘Buy Now, Pay Later’ starts to impact credit scores, financial literacy is a must-have

When securing large loans for a big purchase like a home or a car, a good credit score is essential for securing the best interest rates. Those with the highest credit scores can generally lock in the lowest available interest rates, translating into significant savings over time. Yet right now, UK consumers typically take out high-interest credit...

13 June 2022 /payments /inclusion Personal Finance

How are payments are being used as a force for good

More than ever before, innovative payment methods are being used as a force for positive social change, especially as charities recover from shortfalls experienced during the pandemic. UK charities suffered greatly over recent years, especially at the start of the lockdown in 2020: 40% of charities were forced to dip into reserves at the height o...

12 April 2022 /payments /inclusion Payments strategies 2015-2020-2030

Why QR codes will dominate payments in Europe in 2022

Covid ushered new changes that are to stay- and that includes QR codes as a form of payment method. Contact tracing requirements, coupled with worries about viral contamination through the handling of cash and menus brought on a QR boom that previously eluded Europe. QR codes have been around for nearly thirty years. Short for ‘quick response’, t...

02 February 2022 /payments /startups Payments strategies 2015-2020-2030