Trends
News
10 Big Financial Technology Trends for 2018
1. Massive Investments in Digital Transformation
Experiences with non-banking industries such as retail and communications have shaped consumers’ expectations from banks and credit unions. As customers become more digital, more demanding and more tech-savvy, legacy bank infrastructure is strained to...
Company Statements
Business confidence jumps to its highest level for 9 months
Lloyds Bank’s Business Barometer for January 2018 shows:
• Overall business confidence increased by 7 points to a 9-month high of 35%
• Economic optimism rose by 23 points to 31%, well above the long-term average of 19%
• Confidence in business...
News
How big data and AI has revolutionized financial trading
Many banking and finance companies have already taken advantage of big data analytics to simplify the process of personalized offers, targeted cross sales and to improve their customer service. The term big data keeps expanding and today incorporates numerous...
Company Statements
Number of first-time buyers highest since 2007 despite deposits doubling
The number of first-time buyers is estimated to have reached 359,0001 in 2017, while those taking their first step on to the property ladder are putting down almost double the deposit than a decade ago, according to the latest...
Cards & Payments
Over half of uk small businesses complacent about payments fraud
58% of Small and Medium sized Enterprises (“SMEs”) believe that the impact of modern-day payments fraud on their business would be minimal and that they would lose only a small amount of money, according to a new report from...
Europe
Under-35s rely on verified reviews more than friends and family
5% of under-35s say verified reviews influence their big financial decisions – even more than advice from family and friends
85% of under-35s say positive online reviews from verified customers have more influence over their choice of primary banking provider...
Company Statements
Social Impact Banking UniCredit launches new programme to help develop a more equitable and sustainable society
UniCredit launched Social Impact Banking, its new programme to foster positive social impacts by supporting individuals, micro-enterprises and social initiatives.
The programme, which is initially available in Italy and will eventually be rolled out to the other countries of the...
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