New rules based on the old banking system are at odds with a newly globalised world, in which innovation takes precedent over regulation, and technology and society are the principle axes of change.
Latest articles from Fintech
Banks' big data dilemma
April 28, 2014Customers trust banks with their money, but should they trust banks with their data?
Dos and don’ts of preventing fraud in a bank
April 1, 2014The damage that a fraud investigation can wreak on a bank is already well documented, but what measures can banks take to protect themselves against such incidents and minimise the repercussions if a fraudster does slip through the net?
Channel hopping is so last century
April 1, 2014Talk of banking channels is passé and misses the point. Going digital is about connecting everything, not carving it up.
RBS's technology evolution
March 3, 2014A lot has changed in the 35 years since Kevin Brown started his career at RBS. The senior executive at RBS International Banking tells The Banker that as telecommunications have evolved, so have customers’ expectations.
The changing landscape of exchanges
March 3, 2014Once regarded as national treasures, over the past few years many exchanges have been evolving into cross-border operations, focused on capturing larger market shares. Following this wave of consolidation and collaboration, however, it still remains to be seen whether bigger really means better.
It's a wonderful industry (or, at least, it could be)
March 3, 2014In the race to be the 'most digital', banks have lost their human touch, and consequently the relationship between customer and bank has broken down. It is, therefore, time to get back to basics.
PSD2: playing with firewalls
February 24, 2014The European Commission's proposed update to the Payment Services Directive will allow third parties to penetrate banks' security firewalls, which is leaving banks understandably nervous.
China's e-commerce giants target banking riches
February 3, 2014China's leading e-commerce companies are using their wealth of consumer knowledge to tap into the country's state-dominated banking market, introducing innovative new products that threaten to overshadow the more conventional offerings of local banks.
Technology IPOs: where to launch?
February 3, 2014Bullish investors are pushing technology firms to launch initial public offerings but, says Dan Barnes, they need to pick their market carefully.