Tag: banks
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Are banks good at lending?
The landscape of financial lending has undergone significant changes over the past few decades. At the forefront of this evolution is bank lending, a traditional pillar of financial support for individuals and businesses alike. As an integral part of the economy, bank lending has been scrutinized, with questions raised about its effectiveness and efficiency. Are…
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The Future of Open Banking in North America
It’s no secret that the banking industry is in the midst of a major upheaval. One of the most promising new developments in this space is open banking. Simply put, open banking allows customers to share their data with third-party providers in a secure and transparent way. So far, open banking has been a massive…
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Do Fintechs Have to Be Profitable?
Do fintechs have to be profitable? Yes and no. That’s it, end of the article. Thank you very much and see you later. If only. It would be easy in life if it was just about saying “yes but no“, wouldn’t it? Or answering every question with “maybe“. However, as most things, it is not…
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Top Trends in Fintech in 2022
It is this time of the year. You know when it is mostly gloomy, cold and grey. Great time, isn’t it? Not everywhere, obviously. There are a lucky few that are enjoying some fantastic weather somewhere right now, summer-like vibes. Guilty as charged. But most importantly, it is the time of the yearly predictions. Defining…
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Cybersecurity: Should Fintechs Care?
As the fintech industry matures, it starts to worry about the same things as the big old banks. The focus is slowly shifting away from building the coolest customer-facing apps to address more ‘boring‘ problems. Nonetheless, crucial in financial services. Things like regulatory compliance, with or without the help of RegTech. Or cybersecurity, and notably…
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Are fintechs better at lending than banks?
Banks have been lending money to people and businesses for a long, long time. A lot of the incumbent banks can trace their roots back to the 19th century. Banca Monte dei Paschi di Siena, which is the oldest bank in existence, was founded in 1472. Although they often rely on cranky processes and old…
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What it’s like to work in Fintech today
Now that you know what Fintech is (and if not, have a quick read), we can have a look at what it’s like to work in Fintech today. Fintech is much more ‘Tech’ than it is ‘Fin’. It should actually be called ‘Techfin’ and not Fintech. Maybe not as brandable. As you must know now,…
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Why Santander spinning off Innoventures is interesting
Santander, the Spanish banking giant, announced in September that from now on, Innoventures would operate as a separate entity. It is the bank’s Corporate Venture Capital (CVC) unit, set up in 2014 and responsible for investing into promising startups. It will be called Mouro Capital and have $400 million under management. Not too bad to…