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How Railsbank is re-designing the future of retail banking Nobody would accuse the traditional retail banks of being close to their customers. Even now, with challenger banks using digital technologies to poach their customers and their revenues, the incumbents are stymied by legacy attitudes as well as legacy systems and processes. The idea that theContinue reading “How Railsbank is re-designing the future of retail banking”
Tag Archives: Open Finance
Trade Finance: everyone needs but no-one wants a revolution in trade finance (7th October 2020)
Trade finance is one of the biggest and simplest of banking businesses, but also one of the oldest. It’s working practices remain archaic. Documentation is paper-based and the adoption of standards is patchy and slow. The result is higher levels of manual processing and lower levels of automation than in most financial markets. The manifoldContinue reading “Trade Finance: everyone needs but no-one wants a revolution in trade finance (7th October 2020)”
FROM OPEN BANKING TO OPEN FINANCE (27TH JULY 2020)
No country in Europe has taken the possibilities of the Open Banking revolution more seriously than the United Kingdom. The Financial Conduct Authority (FCA), excited by the opportunity to improve services for retail consumers and SMEs through competition-led innovation, has approved 231 firms as Open Banking service providers.