11:FS

Each week, Leda Glyptis, CEO of 11:FS Foundry, creates #LedaWrites. This week, she explains why patience is no longer a virtue big banks can reply upon.

What. A. Year. 2019 has been an absolute whirlwind of growth and expansion and in true 11:FS style, we continued to ramp up and start new things right up until the last day of Q4.

TL;DR: More closures are coming, Libra probably isn’t launching in 2020 (at least not in its current form) and blockchain’s next sleeper hit is already here.

The final After Dark of 2019 saw a show built around Dickens’ A Christmas Carol, lots of questions about where the industry is going and plenty of questionable Xmas jumpers.

11:FS Product Lead Terry Cordeiro reflects on what it’s like to be a new “11” after nearly three months on the job.

Technological innovation is creating new business models and revenue opportunities for FinTech firms globally. As disruption in the banking sector continues, what are the lessons that legacy banking organizations can learn from the new start-ups? From a very basic level, the digital disruptors are usually associated with mobile functionality, simplicity, big data, accessibility, agility, cloud computing, contextuality, personalization and convenience. Alternatively, with the exception of convenience (from a physical location perspective), most traditional banks have few of these qualities. What do industry leaders think? What is the biggest difference between FinTech start-ups and incumbent Banks? This article was first published on the Financial Brand in July 2015.

At 11:FS, we’re proud to be an integral part of a UK community at the forefront of post-financial crisis innovation. But the story of how that community came together has never been told… until now.

I find it interesting as we move towards Open Banking and Open APIs through regulations at both the UK and EU levels, that the push is for data sharing with trusted third parties with user consent. All well and good, you would think, but several surveys point to it not being quite so rosy.

Last year, LinkedIn honoured us as a Top 25 Startup in the UK. And they’ve gone and done it again for 2019.

Our new Head of Talent, Michael Curds discusses how to scale a business, common pitfalls, and why he believes the right attitude is as important as aptitude when building a truly diverse culture.

At 11:FS we’re always talking about digital transformation in banking – why it’s so important, what the challenges are and also the opportunities for both banks and fintechs. In partnering with Microsoft Azure, we’re teaming up with industry experts who share our vision, our expertise and our enthusiasm for truly digital products and services that better benefit both banks and their customers.

Whether it’s due to the pandemic or not, we've seen a much greater focus on ethical products and services in the fintech market this year.

It’s time to accept that digitisation is not going to create the step change needed. Banks need to realise the benefits of being born digital and the boost to services it provides.

In no time at all, we’ve managed to reach our third birthday. It feels like we were only celebrating our second birthday yesterday, but we’ve been moving so fast we’ve barely been able to keep up. So, what have we been doing all this time?

The loans and mortgage industries still haven’t evolved in the digital age. It’s affecting people’s financial and personal lives every single day.