Fintech Insider

Guest author Sanat Rao shares his thoughts on banking business model innovation following our recent report Developing innovative digital banking business models in association with Infosys Finacle. Most CEOs I speak to these days have a common concern - staying relevant in a banking world that’s going through change like never before.

A few weeks ago I wrote about how banks and fintechs need to work together. Evidently some are taking notice and learning from each other.

What is a challenger bank? Who are they actually challenging and does the name even make sense?

The first adopters in the digital banking world are beginning to use native iOS features to enhance the customer experience. With Touch ID now a hygiene feature, we are seeing banks introduce and improve upon their Force Touch capabilities. And in the past few months, a handful of brands have taken things to the next level by offering Siri and Messages payments (albeit with a few kinks in the journey). In this article we explore how banks are going native.

Fintechs and the major financial services have been competing against each other for a while now. But that’s not likely to be the best course of action for either of them and now they’re working together.

Fintech Insider: After Dark is back, if you hadn’t been paying any attention to the slew of promo material we’ve been putting out then you missed your chance to attend the live recording, drink free beer, have a slice of pizza, and attend the most fun event in the fintech calendar. But it’s okay, I’ve got you covered with a quick roundup of what happened at the show, and you can hear the recording of both shows on today’s podcast at 4pm. I’ll bring you a few behind the scenes snippets of what happened at After Dark VI and let you know all about the very special live-show only pieces we do for our fans.

You can catch the full Fintech Insider discussion on the news today at 4pm on the podcast here (go subscribe now). This week we had a great show: Simon Taylor and Sarah Kocianski sit down with our guests Editor in Chief of Computer Weekly, Bryan Glick, Business Development at Bud, Nina Mohanty, and 11:FS Pulse Analyst, James Safford to discuss all things fintech.For our deep dive this week, we’re taking a closer look at what happened in Zimbabwe after EcoCash suffered a two-day crash; effectively stopping all payments for the nation.

It’s week 3 of our One Fintech Nation series in association with Tech Nation. Here’s a quick review of our latest incredible podcast episode looking at how Fintech is a force for good. As you’ve seen in recent posts on fintech inclusion it’s an issue close to our hearts here at 11:FS. You can/should/need/have to listen to it now.

You can catch the full Fintech Insider take on the news today at 4pm on the podcast here. Sticking to our Monday news blog format, we’re going to take a close look at one of the most interesting stories of the week’s show. For analysis straight from industry experts subscribe to our podcast! Fintech Insider host and 11:FS co-founder Simon Taylor sits down with Freddy Kelly, Veronique Barbosa, Tanya Andreasyan, and Philip Clarke to discuss the news, including Amazon teaming up with American Express for SMBs.

From an idea to a live show in a few days. We’re looking to bring the financial services, fintech and wider community together while we’re all so far apart.

Today marks the first of our brand new mini-series in collaboration with Tech Nation. We’re launching One Fintech Nation, a series looking beyond London and uniting the fintech kingdom. For too long the UK fintech scene has been viewed (perhaps unfairly) as very London-specific, when it extends beyond London’s borders and to all the countries that make up the United Kingdom.In our podcast we pop the London fintech bubble and show you the groundbreaking work being done across the nation. You can/should/need/have to listen to it here.

Open Banking turned one on Sunday, but why has no-one made a big deal about it despite all the potential?

Until the wider acceptance of Bill James ‘Sabremetrics’, immortalised in ‘Moneyball’ by Michael Lewis in his book from 2003, the rating of Major League Baseball (‘MLB’) players was determined by subjective talent scouts and a few basic statistics. James first defined Sabremetrics as ‘the search for objective knowledge about baseball’ in 1980. But it took over 20 years for Sabremetrics to be accepted as a powerful tool in rating players and understanding their impact on the financial side of baseball. What in the world does this have to do with understanding investing? Like baseball and Sabremetrics, technology has enabled a new breed of asset manager to connect in a more meaningful way with the end investor.

Monzo have become the world’s first smart bank as they have integrated If This, Then That (IFTTT) into their banking technology, which launches today. IFTTT has nearly all internet based services linked into it, from social media to slack bots and smart home devices to Google calendars, but up until now, no financial services.

In her latest column for Forbes, 11:FS Head of Research Sarah Kocianski examines the new set of authentication requirements and asks if consumers and their bank are prepared.