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Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories


  • Security regulation will continue to tighten – Adam Oldfield, EMEA Financial Services Sales Director at Unisys

“Organisations will be readying themselves for the pending regulations that are going to impact financial institutions of all kinds throughout 2017 and into 2018. The Payment Services Directive (PSD 2), General Data Protection Regulation (GDPR) and the Competition and Markets Authority requirements around “Open Banking” will transform how financial institutions interact and offer services as well as information to their customers.

Confirmed fines for not conforming to regulatory requirements are not cast in stone for 2017, as it will be as we enter the GDPR, however we have seen throughout 2016 regulators continuing to tighten up their stringency in relation to non-compliant organisations. Will we see organisations attempt to bolster their security teams internally, and look to outsource or leverage for market capabilities.

What is going to be very interesting to see is how institutions are going to interpret these upcoming regulatory constraints on their organisation. An interesting area to consider with GDPR for example is how consumers will consent to information to be collated. How will businesses define, for example, what biometric data is and does this include an individual’s behavioural footprint? This kind of information is just starting to become mainstream, and leaders in the industry will be looked to set the standards for best practice.” 

  • Niche players will thrive, big boys still on top – Adam Oldfield, EMEA Financial Services Sales Director at Unisys

“The industry will continue to see the emergence of challenger banks, taking market share from the larger players, however at a slower rate than perceived. That said it is unlikely we will see a new goliath hit the high street, however a wider variety of niche players.

In the mortgage space, specifically, a multitude of niche players will continue to enter the market, some adding agility and incentivising competition, some directing progression on a different tangent, an example could be the non-conforming market.

Specialist institutions will thrive in niche sectors of the market, where they are not competing with the large high street players on full service integrated banking.” 

  • Continued rise in hacks will highlight authentication challenges – Adam Oldfield, EMEA Financial Services Sales Director at Unisys

“As the recent Tesco Bank hack proved, cyber criminals are as devious and tenacious as ever. Customer behaviour is always going to leave lenders exposed to fraud and hacks, and cyber criminals will continue to exploit these vulnerabilities in 2017.

The market will move to improve offerings around frictionless and streamlined payment options, which will raise questions around authentication. It will be interesting to see whether banks push beyond conventional voice and facial recognition factors into innovative new solutions. As financial institutions drive to offer more intuitive and intelligent payment solutions, the validation and authentication techniques must evolve to cater for this.

It will be interesting to see how banks will combat such hacking approaches as phishing emails, to ensure authentication is achieved effectively as well as improving or maintaining the customer experience with the service“ 

  • Banks to take a retail centric approach to customer relationship management – Adam Oldfield, EMEA Financial Services Sales Director at Unisys

“With market rates looking set to remain low in 2017, lenders will have to find ways to differentiate beyond price. Consumers have become remarkably discerning, and the challenge for banks will be how to present themselves favourably to more demanding customers.

Next year we will see financial institutions take big steps towards providing a more tailored experience to customers. Many will mature their thinking around big data, using analytical insights to better understand customer spending habits to either cross-sell or create new customised products.”

Global Banking & Finance Review


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