techUK FinTech Campaign Week 2024

Digital transformation has revolutionised financial services, enabling organisations to stay competitive and meet evolving customer expectations. By leveraging cutting-edge technologies, financial firms have enhanced efficiencies, introduced innovative products to market, and fuelled a new level of customer experience... Guest blog by Nick Catterall, Thales CPL.

In the ever-evolving landscape of financial services, payment platforms stand as critical pillars facilitating seamless transactions... Guest blog by Peter Harmston & Mark Corns, KPMG.

In today’s rapidly evolving digital landscape, the financial services (FS) industry in the UK faces intense pressure to maintain competitiveness and relevance. Digital transformation (DT) offers the promise of enhanced efficiency, improved customer experiences, and a formidable market position... Guest blog by Srini Annamaraju, Stack Digital.

The recent Global Financial Crime Report 2024 by Nasdaq highlights that money laundering remains a serious issue, with an estimated £3.1 trillion in illicit funds flowing through the global financial system in 2023, largely from drug and human trafficking, and fraud. Also, according to the United Nations Office on Drugs and Crime (UNODC) it’s estimated that money laundering accounts for between two to five per cent of the world’s GDP... Guest blog by Barley Laing, Melissa.

Th ebanking sector is entering one of the greatest transformations we have seen in its history. Financial services firms are starting to make the most of the endless possibilities that digitalisation presents – for both their business and society... Guest blog by Sara de la Torre

The UK is at the forefront of digital transformation in financial services and, through measures including open banking and regulatory sandboxes, as well as a focus on competitiveness in regulatory objectives, it has delivered an innovative, robust and competitive landscape for financial services firms and consumers... Guest blog by Micheal Jefferson, Amazon Web Services.

It’s no secret that financial crime and fraud are a major issue for both businesses and consumers, and one that is due to grow rapidly in the coming years. In 2023, fraud represented 40% of all crime committed, costing an estimated £6.8 billion to society in England and Wales... Guest blog by Jonny Cooper, Sopra Steria.

‘May you live in interesting times’ is certainly one way of describing the current developments around GenAI. Every week brings a host of new announcements across products, players and partnerships, making it really tough to make sense of it all. What can we learn from GenAI digital transformation at financial services and insurance (FSI) firms in the last 18 months, and how can that inform actions for the near term? Guest blog by Subhinder Dhillon

Real-time payments enable instant fund transfers, helping businesses and consumers to send money quickly and securely... Guest blog by Iryna Mahalias, Planeks.

Over the past decade analysts have speculated over the long-term viability of the UK building society model. Slimmer margins following the financial crisis until recent interest rate hikes and increasing regulatory burdens have pressurised the banking sector. And in recent years, building societies have fallen behind on rising customer demands for a first-rate digital experience amid the emergence of digital challenger banks... Guest blog by Micheal Tattersall

HSBC Bank plc (HBEU) and HSBC UK Bank plc (HBUK)’s January 2024 fine, imposed by the Prudential Regulation Authority (PRA) for historic failures in deposit protection identification and notification, alongside the 2023 United States banking crisis underscore the importance of rigorous data governance and quality for FSCS compliance... Guest blog by John Carroll, Datactics.

Decentralised identity is undoubtedly an enabler to open banking. It offers significant benefits in terms of transparency, innovation, and customer empowerment while addressing key risks related to security and privacy... Guest blog by Mike Lynch, Condatis.

When it comes to using Generative AI for automation, the sky is the limit & banking is not an exclusion. The financial services industry has a golden opportunity to transform with generative AI... Guest blog by Ritesh Nandurkar, VE3.

Open Banking and now Open Finance have been greatly innovative developments, unlocking an array of new use-cases and value-add services. However, I believe the Open API Architecture could go even further and unlock even more benefits for both financial institutions and customers... Guest blog by Andrew Mugoya, Strawpath.

For financial technology organisations (fintechs), market expansion and access to key skills are fundamental to business growth and success. Flexible work practices are needed to attract and retain top talent worldwide... Guest blog by Bethan Crossen & Kelly Slotz, KPMG.

Video statement on facilitating the route to Open Finance by Roisin McCarthy, Verifoxx.

The financial industry is undergoing a metamorphosis, driven by the transformative potential of open banking and the burgeoning promise of open finance. Open banking empowers consumers by granting them control over their financial data, enabling them to securely share it with third-party providers (TPPs) to access a plethora of innovative financial services... Guest blog by Manish Garg, VE3.

Unequivocally, when the UPI systems and payment apps like PayTm and Venmo came, it completely took the market upside down. For example, the catchphrase of PayTm as interpreted in Hindi, “PayTm Karo” or “Use PayTm” to experience a hassle-free transaction experience or bypassing the need for keeping change or avoid any occurrences of discomfort due to inability of having enough change with themselves. These developments ideally shaped the financial services... Guest blog by Rushikesh Bhaskar, VE3.

Data is vital to any business operating in the FinTech sector. Financial institutions need efficient access to data in order to make faster, better informed decisions, however, effectively leveraging data is not always a straightforward undertaking... Guest blog by Ellison Anne Williams, Enveil.