A little bit of high-grade tittle-tattle, otherwise known as research from an august international financial institution, as we head for the Easter break. Digital banks and FinTechs are set to create pressure on the mainstream, as a new report from the International Monetary Fund (IMF) illustrates. Our friends at Finextra showcase the IMF’s findings: The […]
The revolution is coming – in the form of Revolut. Revolut has a pending application for a UK banking licence, and is expanding rapidly across Europe. Our friends at Altfi run the story: Digital banking challenger Revolut is inviting more of its customers to upgrade to a full bank account, after rolling out its Lithuanian banking licence across ten […]
Here’s a first take on the fast-growing central bank digital currency market, as the mainstream tries to compete with and subsume cryptocurrencies within the established system. Baroness Susan Kramer, former LibDem Treasury spokesperson, notes the growth of CBDCs and argues that “there’s a gathering momentum behind fiat digital currencies. China is among the leading countries […]
Perhaps the financial mainstream isn’t alone in struggling to keep up with the pace of change in the FinTech revolution. Our friends at The Fintech Times report: 48% of fintechs’ data security is struggling to keep pace with innovation and digital transformation; a new report by Veritas Technologies has found. In the accelerated switch to meet the […]
The trend towards convergence between mainstream and digital banking is well established – and regularly reported in this News site. But whose business model is changing? Are the mainstream banks adapting to the digital way of doing business, or is it the other way around? News brought by our friends at Altfi indicates that the […]
Revolut and Starling are among the leaders of the “challenger” banks bringing the digital revolution to the mainstream. Regular Altfi visitors to our News site will be familiar with both banks. Our friends at Altfi bring news of the latest digital incursion into the mainstream. Nearly six months on from its acquisition of Fleet Mortgages for £50m, […]
The universe of financial technology is expanding fast. The most significant growth is in the banking area, with new digital banks seeking to enter the market and challenge the mainstream almost every day. Our friends at Altfi offer the latest news. New neobank Chase has partnered with 10x Banking, to launch its entry into the UK retail […]
Amid the light, a patch of darkness. Even in the booming world of alternative finance, where FinTech is flavour of the month and digital banks appear to be booming all over the place, the news is not universally good. Our friends at Finextra report: Digital bank Monzo has issued another warning about its ability to […]
Looking at the digital economy and what is still referred to (though surely not for much longer) as alternative finance, it seems that a clear way forward is emerging. It will have emerged when alternative finance is no longer seen as alternative, but simply a variation of the mainstream. Our friends at Altfi run a […]
If mainstream finance doesn’t hurry up with its attempts to integrate with the alternative sector, it will soon be overtaken by the digital challengers. Our friends at Finextra report the latest research: More than half of millennials are happy to switch to, or have already switched, to a digital-only bank; reveals the latest data from […]