Home management data platform AskHomey acquired and set to shutter
The firm says users should download their data before the app closes in the summer.
The firm says users should download their data before the app closes in the summer.
For me, the level of funding going into a market is not a good measure of success.
With the finite resources of a small bank, credit union or building society, the future could be daunting.
Defining the future of banks is much more complex now than it has ever been.
The BaaS companies that will succeed will be those with a strong growth strategy.
There is more turmoil to come in the core banking space.
If you treat core transformation like a standard large project, your chances of success are slim.
Let’s kick the year off with a look at where the winners and losers will come from over 2023.
A fictitious story about the birth of a new neobank at Christmas.
What are the main reasons or drivers for changing your core? I can think of a few.
Federated technology could offer banks a number of benefits and play a huge role in their internal transformation.
It’s now much more possible for banks to create innovative new products.
I believe it’s been almost 30 years since banks truly innovated on products for retail customers.
As industries merge, the need to mix and match software continues to grow.
Firms need to adopt a new way of working to enjoy the full benefits of composable banking.
Flexibility, agility and innovation are core competencies that will keep banks competitive through the next decade.
Composable banking allows FIs to simplify a perennial tech challenge: systems integration.
Composable banking – one of the most exciting and promising developments for core banking.
The market for core banking software is not “a winner takes all” opportunity.
We are fast approaching the time finally being right for programmable banking.
Should larger banks be looking to write their own core? I’m not so sure.
There’s recently been a big rise in the number of players vying to be the core banking provider of choice for banks.
Banks can make a significant difference to the planet, to their customers, and ultimately to their bottom line.
Banks should be proactive in helping us manage our money better in the good times and the bad.
Banks and fintechs need to step up their game to serve customers better when it comes to money management.
It’s easy to forget that banks have been through some huge transformations in relatively short windows of time.
Having a presence in the metaverse seems inevitable, and the best time to understand the possibilities is now.
Banks should be in a strong position to support landlords, but unfortunately, this is rarely the case.
Banking has a bigger role to play in climate change than many of us realise.
The impact of open banking is on the scale of the industrial revolution. It just needs time to fully play out.
For traditional banks, there is clearly more that can be done to help those suffering from mental health issues.
Covid has changed the world, and now we have to pick up the pieces and deal with the aftermath.
With the concept of metaverses gaining traction this year, what opportunities are there for banks?
Now is the best time for banks to plan and explore the future before the wave of change hits.
What if you had a digital twin that could manage your money faster and better than you?
Banks should aim to utilise more data to become a personal banking assistant for your money/wealth.
Banks have huge amounts of customer data, but do they have enough?
We are still at the start of the journey with open banking and have yet to see its full potential.
How proactive have UK banks been with their API strategy?
Has open banking delivered on its promise of driving innovation and competition?