The credit rating capabilities of peer-to-peer lending platform Zopa has proved to be more effective than those in many banks. Giles Andrews, the company's CEO, explains how the company has honed such technology and discusses the possibility of outsourcing it to banks.
With its own digital labs and an accelerator programme for financial technology start-ups, Wells Fargo is one bank that can boast it is keeping pace with technology trendsetters such as Google and Apple. Jane Cooper looks at how the bank is integrating new technologies to provide a seamless customer service experience.
Transferring money across borders through traditional correspondent banking networks can be time consuming and expensive for both business and consumers. Chris Larsen, CEO of Ripple Labs, believes he has the solution in Ripple, his open-source payment and currency exchange system, which can integrate with banks’ existing networks.
New players, new technology and new processes are changing the face of the financial services industry. Udayan Goyal, founder of Anthemis Group, is investing in the agents of this change – new service providers that are looking to take some of the value chain away from the banks.
From financially motivated cyber crime to politically influenced cyber warfare, the virtual threats to financial institutions are multiplying. Companies must respond by arming themselves against such attacks or else they risk losing their footing on the new digital battleground.
Since joining DBS Bank in 2010, Tom McCabe, head of global transaction services (GTS), has seen the GTS business pass the $1bn revenue mark. He describes how this success is a result of the bank's positive working environment, which enables individuals to build a "personal legacy".
Banco Sabadell is trailblazing when it comes to harnessing Google’s Glass technology – a wearable headset that links users to the internet. Jane Cooper talks to the bank’s head of innovation, Pol Navarro, and asks, is this the future of banking?
Banks are facing a digital revolution that may become rule of law if European Commission proposals on account access are passed. With new entrants on the inside track when it comes to technological advantages and banks at risk of becoming the 'dumb pipes', some lenders are rising to the challenge, while others simply do not get it.
Open infrastructure and digital innovation are at the heart of Fidor Bank's strategy. CEO Matthias Kröner explains how the integration of a new third-party payments network fits this philosophy and why it is important to remain separate from its larger, more traditional rivals.