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Nov 13, 2024 | 
woodhurst.com | Lydia Coyle |Same Spacey
Last week, the Court of Appeal made a ruling mandating that brokers must fully disclose and obtain explicit consent from customers regarding any commissions received from lenders. This decision has significant implications not only for firms operating in the motor finance market, but also for those in other areas of asset finance.
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May 10, 2024 | 
woodhurst.com | Sam Spacey |Lydia Coyle
Imagine you own a buy to let property that is worth £500,000. You want to sell it for that amount, but you don’t have many buyers who can afford it, and don’t want to reduce the price. You might also not want to lose the ownership of the whole house. What if you could divide your property into 500,000 tokens, each worth £1, and sell them to anyone who is interested? You could keep some tokens for yourself, and let others buy as many as they want.
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May 10, 2024 | 
woodhurst.com | Alice Foley |Lydia Coyle
The first Building Society can be traced back to Ketley’s founded in 1775 which was the first institution of its type in the world. Since then, Building Societies have continued to play a huge role in British communities and the economy. These unique financial institutions are owned by members and foster a sense of community with shared interests for the Society and members which set them apart from traditional banks (Source).
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Apr 22, 2024 | 
woodhurst.com | Simon R. Cherry |Lydia Coyle
In 2024, becoming a digital-first Financial Institution (FI) is not just an advantage, but a necessity for most that wish to both retain and gain customers. The emergence of Open Banking has compounded this, becoming a catalyst for innovation and customer-centricity.
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Mar 26, 2024 | 
woodhurst.com | Maud Swanborough |Ben Nadel |Lydia Coyle
2024 kicked off with several banks announcing branch closures, contributing to the ongoing decline of bank branches, down from nearly 15,000 branches in 1986 to fewer than 6,000 as of 2023. This situation has presented several challenges, particularly for local communities where the dwindling presence of branches has left those who depend on in-person services, including the digitally unbanked or underbanked, more vulnerable.
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Feb 6, 2024 | 
finextra.com | Tim Loo |Sarah-Jayne Martin |Chirag Karnik |Lydia Coyle
A significant shift is occurring in the demographic landscape, presenting unique challenges and opening new avenues for innovation, particularly in financial services. This demographic transformation is not just a trend, but a catalyst for rethinking and
reshaping financial products and services.
As we have seen with increasing life expectancies and ageing populations, financial regulation and industry solutions have had to adapt to cater to longer lifespans and changing retirement expectations.
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Jan 25, 2024 | 
woodhurst.com | Alice Foley |Lydia Coyle |Lottie Maddocks
‘Financial Literacy’ is defined by Investopedia as ‘the ability to understand and effectively use various financial skills, including personal financial management, budgeting and investing.’ In today’s economy, the significance of Financial Literacy has surged, driven by the increased complexity of financial products and services which require detailed understanding to engage with them effectively.
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Dec 15, 2023 | 
finextra.com | Brad van Leeuwen |Alex Kreger |Lydia Coyle
In the ever-evolving landscape of mobile app development, understanding the intricacies of app development costs is paramount for successful project planning. In this guide, we will embark on a journey to break down the elements that contribute to the overall
cost of creating an app. From the initial ideation phase to the final deployment, we will explore various factors, shedding light on the nuances that influence app development expenses. 1.
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Dec 14, 2023 | 
finextra.com | Brad van Leeuwen |Alex Kreger |Lydia Coyle
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There is a lot of controversy surrounding the Customer Journey Map (CJM/UJM) and its methodology.
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Dec 13, 2023 | 
finextra.com | Alex Kreger |Lydia Coyle
I’ve been going to Web Summit for a few years now and having attended this year, I was asked in the office recently whether it was worth it. And rather than immediately answering outright, I did give it some thought. All industries have their fair share of trade shows and tech, and finance, like gathering at regular intervals around the world to show off their wares and network with customers and new contacts.
