Loan decisions “inconsistent” due to “partial information”
A lack of data is causing bias in loan underwriting, according to a tech vendor and a credit union, but machine learning ... read more
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Integration issues causing banks to build tech internally
Integration hurdles are forcing banks to build their infrastructure in-house, according to Justin Arbuckle, senior vice president for the platform organisation (Plato) ... read more
Innovate Finance CEO: UK must help fintech grow externally
More should be done to help fintech startups expand beyond the UK, according to Charlotte Crosswell, chief executive officer, Innovate Finance. “You ... read more
Metro Bank’s Riseborough: Customer satisfaction “not rocket science”
The prioritisation of banking services over products and other offerings has kept Metro Bank at the top of the Competition and Markets ... read more
SCA extra time fragmenting markets
National competent authorities (NCAs) may have inadvertently fragmented the payments market over their handling of the phased implementation of Strong Customer Authentication (SCA) ... read more
Cryptocurrencies’ rising regulatory challenge
Virtual currencies continue to gain interest as regulators and central banks explore issues and potential adoption of the technology. The total combined ... read more
Late payments starting to take toll
Despite UK government efforts to increase penalties on firms who fail to pay suppliers on time, the impact on small businesses is ... read more
Manual AML processes lead to poor quality SARs
Anti-money laundering (AML) Suspicious Activity Reports (SARs) are of poor quality due to the reliance on manual processes, according to Martina King, ... read more
Confusion underlies SCA rollout
Participants across the payments supply chain are overwhelmed with Strong Customer Authentication (SCA) provisions under Europe’s second Payment Services Directive (PSD2), according ... read more
Lack of SCA readiness is ‘poison in the water’
Organizations who have failed to prepare for the Strong Customer Authentication (SCA) requirement under Europe’s second payment Services directive (PSD2) face losing ... read more
