What you need to know: The Office of the Comptroller of the Currency (OCC) proposed a bank charter for fintechs that would allow challenger banks to offer more products and services without the need to collaborate with established banks. Yet, it is difficult what will...
What you need to know: This article describes central policy changes in UK, US and Canada. In the United Kingdom, changes in policy increased the amount of banking license grants and applications. They will help increase competition for the benefit of the bank...
Numerous articles are currently being published about Banking as a Service (BAAS) and Application Programming Interfaces (APIs), and how the banking industry will be transformed. However, it is very easy to get lost in jargon, excessive IT talk and comments about the...
In this article we will look at ideas that banks have already started to offer and will mature during the next few years. I believe it will help decision makers in banks, to check whether they have covered the main areas where technology can make a difference, either...
In the next few years, banking will face new entrants, not only challenger banks but also aggregators and account comparison engines that will suggest which is the best bank to do business with. Banks will need to be excellent offering not only competitive products...
What you need to know: Atom Bank is a challenger bank based in the UK. They started operating in 2016, and have now announced that they will start offering consumer mortgages, competing with the main banks. They have already partnered with more than 800 brokers and...
