The Fintech Power 50

3 weeks ago | thepower50.com | Mark Walker

Payments provider Contis is rolling out an instant-issue card programme to allow quick and safe access to money during the Covid-19 crisis. Through Contis’ community banking division, credit union members can now get a crisis loan approved and issued on a contactless card in minutes. No need to wait or handle cash.  The use of cash has plummeted in recent weeks as retailers shift to contactless payments and consumers move online. Instant-issue cards provide a secure solution for members.

3 weeks ago | thepower50.com | Mark Walker

Open banking presents lenders with a unique opportunity to improve their businesses by designing a quick, reliable credit assessment based on instant information about the client, enriched with insights, and as a result providing a credit decision in no time. We’ve prepared the top 3 reasons why lenders should use open banking today. 1. Mitigate the risks associated with outdated informationSome credit bureaus and credit reference agenciesagreed to freeze the credit scores of potential borrowers.

3 weeks ago | thepower50.com | Mark Walker

The second annual list of the world’s most innovative technology solution providers for asset managers, private banks and financial advisors was announced today by FinTech Global, a specialist research firm. The WealthTech industry has seen huge growth over the last four years as new digital services to oversee personal finances, manage institutional investments and provide financial advice have come to the forefront.

3 weeks ago | thepower50.com | Mark Walker

In order to cope with the positive but disruptive changes of the digital era, established financial institutions adopt strategies that intuitively seem right to them against the background of their business practices. However, operating principles and processes that have evolved over decades are often are far from optimal in the digital era.

3 weeks ago | thepower50.com | Mark Walker

OakNorth Bank has supported FORE Partnership’s buy-out of Edmond de Rothschild Real Estate Investment Management’s 32% minority interest in the business; The buy-out provides FORE with increased independence and agility to navigate the current uncertain market conditions, and to pursue its signature approach to real estate investment; This transaction is the first fund buy-out OakNorth Bank has done; Despite ongoing uncertainty resulting from COVID-19, OakNorth Bank has continued to support...