Fintech makes the world go around:

April, 2018


April 30, 2018  10:45 AM

Fintech professional’s tech predictions: 6– Banks to sell more unbranded services to websites

KarlFl40 Profile: KarlFl40

This prediction number six from a fintech contact of mine making tech predictions for the next five years. Previous blog posts in this series predicted that tech firms will soon need government certificates if producing news content, to fight against fake news, and the cyber security risks...

April 26, 2018  7:42 AM

TSB chaos: When choosing bank people should look at core banking platform and not just funky apps

KarlFl40 Profile: KarlFl40

When consumers today chose which bank to use they will inevitable look at the digital services it offers. Digital savvy consumers expect a great mobile and internet experience as well as easy ways to be identified such as fingerprint and iris scanners. They might even like the service that tells...


April 25, 2018  9:57 AM

About one million NatWest bank customers to move to RBS digital bank

KarlFl40 Profile: KarlFl40

Last month Sky News reported that the Royal Bank of Scotland (RBS) is planning to establish a digital bank that will be run separately from its existing business. The report said that...


April 25, 2018  9:20 AM

Human error to blame for Ulster bank glitch, but computer seen fleeing scene of crime.

KarlFl40 Profile: KarlFl40

Hidden away beneath the very public outcry as TSB suffered major IT problems was news that Royal Bank of Scotland owned Ulster Bank suffered its own computer problem, although this one was blamed on a human using the computer. Customers of the Irish arm of RBS reported,


April 23, 2018  10:35 AM

TSB IT system chaos as bank cuts rope from Lloyds systems

KarlFl40 Profile: KarlFl40

TSB customers have experienced a weekend of problems with online banking services as the bank migrates from Lloyds Bank systems to its new core banking system. This demonstrates the challenge traditional banks will have when trying to compete with the new smaller digitally focused players....


April 18, 2018  9:03 AM

Lloyds slashes more jobs and people as fintech is deployed battle of the cost bases

KarlFl40 Profile: KarlFl40

Another 49 branches and 305 jobs have gone as Lloyds bank replaces people and premises with digital services as part of the current battle of the cost basses being fought in the retail banking sector. The cuts include people serving customers in branches as well as those working in the 49...


April 16, 2018  11:11 AM

Fintech professional’s tech predictions: 5 – better understanding of privacy settings

KarlFl40 Profile: KarlFl40

This is the fifth prediction from a fintech contact of mine making tech predictions for the next five years. Previous blog posts in this series predicted that tech firms will soon need government certificates if producing news content, to fight against fake news, and the cyber security risks...


April 10, 2018  8:50 AM

AI will cut huge chunks out of banking compliance workforce and London high streets might die

KarlFl40 Profile: KarlFl40

Artificial intelligence will cut huge chunks out of banking compliance workforce and London high streets might die Who is going to buy travelcards and pay for cappuccinos when London’s banking compliance workers are automated? I live in South east London. Not far away from the City. As you...


April 9, 2018  10:13 AM

Fintech professional’s tech predictions: 4 – Social media regulation

KarlFl40 Profile: KarlFl40

This is the fourth prediction from a fintech contact of mine making tech predictions for the next five years. The previous blog posts in this series predicted that tech firms will soon need government certificates if producing news content, to fight against fake news, and the cyber security...


April 5, 2018  7:19 AM

Fintech professional’s tech predictions: 3 –Sharing data risks outweigh benefits

KarlFl40 Profile: KarlFl40

This is the third prediction from one of my contacts in the financial services IT sector. The previous blog posts in this series predicted that tech firms will soon need government certificates if producing news content, to fight against fake news, and the cyber security risks associated with...


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