May 2020
27May

The Future Of Fintech: The New Normal After The Covid-19 Crisis

OBSERVATIONS FROM THE FINTECH SNARK TANK The “new normal” in banking and fintech is best understood by starting with a look back at what the “old normal” was. The Old Normal: Fintech Fetishism The Oxford dictionary defines fetishism as “worship of an inanimate object for its supposed magical powers.” That’s a good term for how many people have thought—and still think—of fintech. There’s a misguided notion held by many that fintech startups are somehow more ethical than legacy banks,...

May 27, 2020
News, Slider, , , ,
Read more...
13May

COVID-19 Economy: Why Nigeria must develop digital economy, increase national savings

Foreign Investment Network (FIN) has listed a number of economic strategies Nigeria and other African countries could adopt, to avert the economic effects of the COVID-19 pandemic. FIN is a United Kingdom-based company driving foreign direct investment, FDI for Africa and other developing economies. Read also Tesla’s Newest Board Member Talks About Changing The World Through Japan’s $1.5 Trillion Pension Fund The group, in a video conference programme it organised, themed: COVID-19 and The Economic Threat: How Africa can overcome...

May 13, 2020
News, Slider, , , ,
Read more...
07May

Four Clues To The Future Of Financial Services Firms And Fintech

As I write this, I can’t help thinking about what my ‘new normal’ looks like. The less than perfect moments involve me turning around and yelling at the dog to stop barking at the rare person who goes past our front door; he is both interrupter and sometimes star of my client video conferences. Obviously, my request is futile. According to a canine expert friend, my yelling sounds to the dog like a joyous bark and therefore encourages...

May 7, 2020
News,
Read more...
07May

Four Clues To The Future Of Financial Services Firms And Fintech

As I write this, I can’t help thinking about what my ‘new normal’ looks like. The less than perfect moments involve me turning around and yelling at the dog to stop barking at the rare person who goes past our front door; he is both interrupter and sometimes star of my client video conferences. Obviously, my request is futile. According to a canine expert friend, my yelling sounds to the dog like a joyous bark and therefore encourages more...

May 7, 2020
News, Slider,
Read more...
04May

Before And After: FinTech vs. Healthcare Covid-19 Crisis Series

By Stephanie MacConnell for Forbes This is the first in a series of articles comparing the Covid-19 crisis in Healthcare to the financial crisis in 2008 that led to an industry-shaping boom in FinTech. The world before the 2008 financial crisis looked different. Most interaction with a person’s financial institution happened inside of a physical branch and most services for an individual were provided by one bank and perhaps one wealth manager. When banks crumbled and the 401ks of average Americans...

May 4, 2020
Articles, News, Slider, , ,
Read more...
04May

Before And After: FinTech vs. Healthcare Covid-19 Crisis Series

By Stephanie MacConnell for Forbes This is the first in a series of articles comparing the Covid-19 crisis in Healthcare to the financial crisis in 2008 that led to an industry-shaping boom in FinTech. The world before the 2008 financial crisis looked different. Most interaction with a person’s financial institution happened inside of a physical branch and most services for an individual were provided by one bank and perhaps one wealth manager. When banks crumbled and the 401ks of average Americans...

May 4, 2020
Articles, News,
Read more...
01May

Behind the Idea: SmartPension

The auto-enrolment pension provider Smart Pension, today announced a new partnership with London-based FinTech DueDil, enabling Smart to deliver its market-leading platform as a service model. The company is known for playing its part in transforming the pension sector through cloud-based technology. It has allowed Smart to quickly adapt to suit the government’s response to COVID-19 including employer support for ongoing contributions. Darren Philp is the Director of Policy and Communications at Smart Pension and Sam Barton is the...

May 1, 2020
News, Slider, , ,
Read more...

April 2020

23Apr

Australia. Deloitte Digital develops chatbot for swamped pension funds

Due to Covid-19 disruption, superannuation funds are being swamped with enquiries. In a rapid response to client demand, Deloitte Digital has managed to develop a ‘Covid-19 Super Bot’ to help funds manage the huge rise in the number of requests coming their way. Read also Tesla appoints former head of Japan’s Government Pension Investment Fund to its board For most superannuation funds in Australia, the nature of enquiries flowing in is considerably predictable. But following the Australian government’s recently announced...

April 23, 2020
News, Slider, , , ,
Read more...
21Apr

PensionBee: Coronavirus will see greater engagement with pensions

Clare Reilly, head of corporate development at PensionBee, believes the current challenging economic conditions could lead people to engage with their pensions more closely. Having noticed a sharp decline in their pensions’ fortunes in recent weeks, people may begin to look more closely at what their money is invested in and what causes it to go up or down. “We have very low levels of financial literacy in this country and people generally don’t engage with their pensions, which...

April 21, 2020
News, Slider, , ,
Read more...
20Apr

Managing the winds of change: policy responses to fintech

Technological innovations in financial services are affecting every sector of the financial industry and generating a surge of new applications. This column takes stock of the policy responses to fintech developments in approximately 30 jurisdictions worldwide and proposes a novel conceptual framework – the ‘fintech tree’ – that distinguishes three categories: fintech activities, enabling technologies, and policy enablers. Designing a policy framework for fintech will require finding a balance that maximises its benefits while minimising potential risks to the financial...

April 20, 2020
News, Slider,
Read more...