As 2016 winds to a close, we’ve decided to take a look back at some of our most-read articles throughout the year. For the rest of the week, we’ll be highlighting the top five most popular articles in various categories across the site.
Yesterday we rounded up our top five articles about fintech in 2016. Finally this week, we’re going to look at the news articles, thought pieces and analysis on the banking sector that most drew our readers’ attention. If you missed these gems when they were published, now’s your chance to read them!
There are increasing calls from industry groups and even the UK Treasury for the use of open banking APIs. In this guest post for PaymentEye, David W. Jones, Senior Director of Global Business Development at Irdeto, analysed the advantages and drawbacks of using open APIs in banking.
It appears as if people are warming towards financial services on smartphones. After all, we spend most of our lives on them anyway – to socialise, watch TV and stay up to date with the 24-hour news cycle – so why not throw finance management in there as well? Ben Rabinovich analysed the results of an annual survey by ING to find out how our usage of mobile banking services is changing, and will continue to change.
In September 2016, Lloyds opened its doors to biometrics by implementing the ability for customers to log in via fingerprint. Sarah Gill covered the news for PaymentEye, and looked into what it might mean for the future of banking.
Despite only being published in late December, this guest post by Simon Newstead, Industry Strategy Director at VocaLink, is already one of our most popular articles on banking. In it, Simon looked into the exciting developments of the past few months in open banking and PSD2, and considered how banks can best respond to them.
In August 2016, digital-only bank Mondo received a banking licence to operate in the UK, adding further competition to the challenger bank market that already included Atom, Tandem and Starling. Ben Rabinovich covered and analysed the news for PaymentEye, looking into why now is a great time to be a mobile bank in the UK.
Interview: “Not participating in immediate payments will be detrimental to a bank’s competitiveness”
This year, real-time payments are advancing in the US and Europe. Global financial services provider D+H has been working closely with the banks to help them prepare for this change. PaymentEye sat down with Moti Porath, Head of Product Management, Global Payments Solutions at D+H, to find out how the adoption of instant payments will affect the payments landscapes in these markets.
Brought to you in partnership with D+H: In a world where a global mobile network enables instant communication and delivery of online services, consumers have grown to expect immediate payments – an overnight wait for authorisation isn’t good enough. How should banks respond?
A new report published by Earnix shows findings stating that most millennials will use a single portal to aggregate services from multiple banks with which they have existing customer relationships in the future. The report, The Role of Analytics in the New Banking Age 2017, also states that most banks believe predictive analytics and machine learning will become the most powerful way to win back customers over the next five years.
CMA accepts Mastercard’s proposal to address competition concerns following the acquisition of VocaLink
The deal, which was first announced in July 2016, should now be concluded quickly.