Articles

A three-part series by 11:FS Non-Executive Director, Lisa Gansky Last week Lisa discussed how to become truly digital you must take a leap of faith, ask questions, make a mess and ultimately shake up business models completely. True transformation must fully pervade an organisation’s culture; it must be far more than just a project. Read part 2 in full here

Jason Bates interviewed Xero CEO and Founder, Rod Drury ahead of Xerocon, London, all about his background, Xero’s origins, how it expanded into a global presence, their latest partnerships and what people could look forward to at Xerocon.

Should I sell my cryptocurrency? Is all hope lost? Will Bitcoin die? If you were fast asleep, and then suddenly your bed accelerated at high speed, before going upside down and doing loops. You'd be pretty shocked, right? I mean, my dreams can be pretty out there at times but I mean like your actual bed moving like a rollercoaster.

The first few weeks of 2017 bombarded us with articles predicting the future of FinTech and financial services. Chris Skinner, our Non-Executive Director at 11:FS, analysed them all and identified the top 11 trends that the leading banking and FinTech experts agree we should be following now.

If you are an SME, the chances are you have been seriously neglected by your bank. Your accounting software or Excel spreadsheets are probably your only go to points to understand the state of your business. Your invoice management is likely to be scatty at best, and cash flow optimization is probably not something available in a few clicks. Oh, and it probably took you a couple weeks to actually apply and get your bank account.

A three-part series by 11:FS Non-Executive Director, Lisa Gansky Last week Lisa discussed how becoming truly digital requires a leap of faith, to boldly go where no one else has yet gone, even if it seems crazy at the time, and to ignore basic human instinct asking how? where? how long? how far? She outlined the three steps on the journey: The Digital Makeover – ask never ending questions if you want to evolve The Joy of Decoupling – refashioning process and perspective Is That Even Legal? – Innovation that completely redefines norms Read part 1 in full here

65 million years ago, gigantic monster roamed the same places where today Starbucks and Costa Coffees are. Having dragged themselves out of the primordial goo and evolved themselves to the top of the food chain, the Dinosaurs were oversized in their appetites, attitudes and on top of the world. What can the monsters of today learn from the monsters of the past to avoid the extinction events that wiped out the dinosaurs? Let us explore, with Jurassic Park puns and quotes aplenty… hold on to your butts.

In the first of a new series we’re talking to our brilliant 11s to get to know them a little bit more. From the consultants building new digital propositions and the research team using cultural insights to inform them, through to the engineers bringing those services to market, the operations team that keeps the lights on, and everyone else in between.

Time to budget for your next beach holiday (or city break if that’s what you’re into). To help, Nationwide’s launched a new ‘Savings Goals’ feature for its mobile banking app. It prompts customers to set a specific financial goal to reach at a particular date. Let’s take a look at this new feature, and see how it compares to Monzo’s ‘Savings Target.’

The talk of disruption of banking by fintech companies has quelled a little recently as realisation sets in as to just how difficult that actually is. The talk now is of partnerships between the two that mutually benefit both parties. We have not really seen many partnerships in the true sense between fintech and the old banks yet, they are still using fintechs in traditional vendor relationships.

Lloyds Bank announced last week that as of November 2017 it will scrap all prearranged overdraft charges in a huge fee and charges shakeup, reducing them to just one overdraft rate. Customers who get overdrawn, regardless of the overdraft arrangement they took out, will be charged 1p per day for every £7 they are overdrawn. We discuss the repercussions of this shakeup.

As you may have noticed I’ve been doing a lot of teasing around this for the last few months. Well today...right now...is the grand reveal as we celebrate the public launch of our 11:FS values.

I used to hate when my parents came into high school for the annual speech from my teachers that I should be trying a lot harder. Unlike my report cards at school, I think the 11:FS end of year report would read pretty damn well as every single person that has worked for 11:FS couldn’t have done more to make it a success over the last year.

In her latest column for Forbes, 11:FS Head of Research Sarah Kocianski analyses Chime's recent outages and challengers' reliance on third-party processors.

Fintech Connect 2020 is just around the corner! It’s taking place online from the 30th November to the 4th December, with 8,000 attendees and more than 200 speakers already confirmed.