Latest opinions that Tim Simon has shared on Finextra

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Tim Simon

CEO

Madiston plc

Member since

06 Apr 2006

Location

London

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Tim's opinions

Digital Transformation? First, let's be sure we understand ONLINE!

In our area of digital banking and lending, there is much talk about digital transformation and the future being in technologies such as AI, Machine Learning (ML), Cloud, CX, Open Banking, Big Data, etc. But anyone who has ever tried to arrange a house or office move, or simply communicate online with big institutions, banks, building societies, ...

14 September 2021 /retail /cloud Digital Bank Transformation

Buy Now Pay Later - how to select the right technology

Flexible payment options, including Point-of-Sale (POS) "Buy Now Pay Later" (BNPL) offers, are growing in popularity at a pace that regulators are struggling to match. The Woolard Review (a review of change and innovation in the unsecured credit market) noted that the value of BNPL transactions has nearly quadrupled during 2020. Accordin...

15 April 2021 /retail /predictions Fintech innovation and startups

How many people does it take...to process a loan?

The answer to the question above is: "...as close to zero as practical!" Full disclosure: we are massive advocates of automation. If you have read our earlier posts in this series, you will know that we believe that automation is the route to profitable, sustainable digital lending businesses. The role of skilled people is to monitor ...

16 February 2021 /retail /markets Banking Strategy, Digital and Transformation

How to get the Win-Win-Win back into Online Direct Lending

Part 2 - What needs to be done now to get Online Direct Lending (ODL) / Peer to Peer Lending (P2PL) back on track for compliance, profitability and sustainability? The first in this series of blogs, published on 26 January 2021, looked at "How and Why the Industry lost its way". We looked at developing sustainable / profitable business m...

02 February 2021 /retail /markets Banking Strategy, Digital and Transformation

How to get the Win-Win-Win back into Peer to Peer Lending

Part 1 - How and why has it lost its way? The key issues. In this series of blogs, I hope to show how the laudable aims of the Peer to Peer Lending (P2PL) industry can play their part in the profitable future of Online Direct Lending (ODL), with an industry-wide solution to benefit all players. First, we need to get to grips with the decisions ma...

26 January 2021 /retail /markets Banking Strategy, Digital and Transformation