James Berry

May 26, 2024 | finextra.com | Chris George |Nick Green |Alex Kreger |James Berry

Software vendors are crucial. They provide digital solutions to help banks operate efficiently and meet customer expectations. However, while ready-to-use solutions offer speed and convenience, they often fall short in delivering a tailor-made user experience that aligns with a bank's unique brand, strategy and customer needs. How can banks choose the best software provider in terms of UX, and what future risks might arise from using third-party software?

May 23, 2024 | finextra.com | Chris George |Nick Green |Alex Kreger |James Berry

London - 22 May 2024 - SHIFT Open Finance, the leading invite-only fintech community in the UK, in partnership with Woodhurst, a digital transformation consultancy, proudly announces the launch of the “Ignite” programme. Ignite is an incubator programme that will provide financial support, financial services expertise, and an extensive industry network to anyone who wants to turn a disruptive idea into reality.

May 23, 2024 | finextra.com | Nick Green |Alex Kreger |James Berry |Mikhail Yegorin

Fraudsters are getting bolder and more sophisticated in their attacks on the financial sector. Their increasingly complex schemes are breaching institutional security and eroding the very foundation of customer trust that banks have worked so hard to build. The challenge is: There’s no silver bullet solution. Given the diversity of fraudulent activities, from identity theft to large-scale cyber fraud, no single fraud prevention tool can cover all bases.

May 23, 2024 | finextra.com | Nick Green |Alex Kreger |James Berry |Mikhail Yegorin

Recent news that Barclays is buying the bulk of Tesco’s banking business, and that Sainsbury’s Bank is open to takeover offers, has thrown retail banking’s competition with legacy banks back under the spotlight. Over the last decade or so in the UK, we’ve seen the rise of retail banks and neobanks, like Monzo and Revolut, have a bigger impact than perhaps anywhere else in the world.

May 21, 2024 | finextra.com | James Berry |Mikhail Yegorin |Sergiy Fitsak |Jaideep Dhok

APP fraud is on the rise. According to Finextra, the total number of APP fraud cases was up in 2023 compared to 2022. In fact, APP fraud is now the number one payments threat and are expected to reach $5.25 billion by 2026. In the UK, consumers lost over half a billion pounds to scams in the first half of 2023 alone. What’s more, the PSR has announced new mandatory reimbursement requirements that will come into effect this year, passing the liability from consumers to banks. That’s a problem.