The new EU Payment Services Directive for banks to share customers’ data with other companies is fraught with unmitigated risks surrounding consent, security and liability, argues Chris Skinner.
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Cloud-based technology is enabling the cheaper creation and development of businesses via APIs – and regulators are keen for banks to get on board the efficiency bandwagon, writes Chris Skinner.
New technologies, such as cloud, cognitive computing and blockchain, look to radically change the role of the regulator and drive down the cost of compliance for banks.
A little less complexity and a lot more contextual commerce could take digital banking in the right direction.
Banks can avoid 'rogue' behaviour by their employees by repurposing the technology already used for customer data to monitor staff exposures. Chris Skinner explains.
Fintech companies are an odd mix of 'boomers' that tend to have the financial knowledge, and 'millennials' that bring the technological expertise. The success of such a company, however, seems to depend on how the two mix.