Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites.
Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. For avoidance of any doubts and to make it easier, you may consider any links to external websites as sponsored links. Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


Michael Kent, CEO and Founder, Azimo

With the world still reeling from the global political turmoil of 2016, making any kind of predictions for the coming year is… unpredictable. One thing’s for sure, though – the next 12 months are going to be a thrilling ride for FinTech…

Global instant, low-value mobile-to-mobile payments take off

As smartphone sales reach saturation point in developed markets, technology adoption growth is now solidly focused on emerging and developing nations. Following on from the success of domestic millennial-focused payment apps such as Venmo in the US, sending money mobile-to-mobile around the world, instantly and at low cost, will take off in 2017.

Artificially intelligent bots become a customer service game-changer

“Your call is very important to us, please continue to hold” is one of the most annoying phrases in financial services. But thanks to advances in artificial intelligence, the vast majority of customer queries can now be answered quickly and efficiently via a chat bot, with human help only required for the really tricky questions. Soon, the idea that we need to phone up our bank to get things done will seem as antiquated as writing a cheque.

Machine learning technology makes financial services a safer place

Tesco Bank had a huge security lapse a couple of months ago, and overall 2016 was another bumper year for banking fines with multi-million – and in some cases multi-billion – dollar fines for financial service players who didn’t follow the rules. Criminal sanctions for senior executives were also added into the mix in several countries this year. With so much at stake, compliance has become one of the biggest growth areas in financial services. But given the huge amounts of data that need to be monitored and crunched, machine learning technology is increasingly being applied to seek out and analyse trends and risks to keep us all safe.

Political risk – a journey into the unknown

For the first time in years, political risk and uncertainty will be one of the biggest concerns for every business and many individuals in 2017 – it’s clear that we’re sailing into uncharted territory. While America’s new president elect seems to have the financial markets excited, there’s also an underlying fear that we’re witnessing an era of free trade and globalisation being replaced by isolationism. Trump’s first 100 days in charge, and the results of the 2017 German and French elections, will tell us more. Closer to home, the main worry is that a badly-handled Brexit will have a hugely negative impact on the UK technology and FinTech sectors, with talent and capital relocating elsewhere and London tumbling down the list of attractive places to start a business.