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The advent of the fintech & digital age has had an adverse impact on both perception and reality of having physical bank branches. We have seen largely in developed nations, that a large number of...
Inflation is at rates not seen since in many countries since the 70s. It’s likely to get worse and much of the globe will experience a significant recession over the next 18 months. The situation in E...
The word "Fintech" has become such a hype and such a widely used term, that it can actually mean anything today. Therefore when people ask for trends in the Fintech industry, this becomes ha...
Since war broke out in Ukraine, over 12 million people have fled their homes and 8 million have left the country – myself included. Currently, 5.5 million Ukrainian refugees have registered for Tempor...
Last month it was announced that Instagram is introducing a ‘payments in chat’ feature, where users can purchase products from businesses and track orders via the direct message function. Initially be...
Like physical health, financial health is a very private matter – and both forms of wellbeing are closely intertwined. Unfortunately talking openly about personal money matters is often considered tab...
Let’s start with the good news. The US economy is slowly recovering from the challenges posed by the COVID-19 pandemic. The bad news: About two-thirds of US Americans are still struggling with the
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
There is no need for brick-and-mortar banks. The days of traditional banks are gone. The reasons they have not disappeared yet? Three major reasons: They don’t have the right software or skills to se...
On 26th July 2022, the FCA ended its consultation on whether its guidance on how banks close branch and ATMs services should be changed. This consultation was significant because it acknowledged curr...
The development of the Consumer Finance Protection Bureau’s (CFPB) “Open Banking Rule” is causing concerns in the world of financial services. The CFPB’s new focus on open banking is part of the effor...
By Mat Mehrotra, Chief Digital Officer, BMO Financial Group Across industries, digital transformation has continued to accelerate fueled by evolving customer expectations, new competitors, and clear b...