At the recent Open Banking Excellence event, I heard that the average bank offers around 300 products across their customer base. In a crowded market, it’s hard for a bank to differentiate themselves and offer a single market-leading product and so it’s virtually impossible for a bank to

Many European banks are grappling with how to comply with the requirements of the Regulatory Technical Standards for Strong Consumer Authentication (RTS-SCA). Published by the European Banking Authority (EBA) in March 2018, and coming into force in September 2019, this regulation mandates a fundamental shift from traditional authentication techniques (e.

A couple of recent announcements have prompted me to think about future of personal finance and wealth management. On 10 Feb, the Financial Times reported that Lloyds are planning to expand their wealth management division with a goal of almost doubling their Assets Under Management over the next three years.