What does open banking mean? Where will fintech disruptors strike next? And what will result from an increasing acceleration away from cash? As part of our Expert Outlook 2017 series, we speak to three experts to explore the brands and tech impacting lending, savings and payments.
There are more than 2.5 million Bristol Pounds in circulation, and it’s accepted at over 800 business across the city. How is this alternative currency developing a sense of community, helping out hip professionals and hard-up locals alike, and even increasing people's self-esteem?
India has demonetised its largest banknotes in a bid to rid itself of the ‘black money’ that was enabling large-scale tax evasion. But the surprise move hasn't affected the population equally; women, who have been largely excluded from the formal banking industry, are being hit the hardest.
We think nothing of using smartphones to do the weekly shop or review bank statements on the go. But with the spread of smartwatches, will we soon send cash and buy drinks via tiny computers on our wrists? Moven hopes its Impulse Savings app can get people saving rather than spending, but how?
Nearly seven in ten Americans have less than $1,000 in their savings accounts, and 34% have nothing set aside whatsoever. Conserving cash can be difficult, but finance app Digit wants people to leave it to a bot. How has it managed to save people over $230 million in just 18 months?
How much cash is in your pocket? With the onward march of technology, physical money now seems somewhat redundant. Paying for things with a smartphone or contactless card is simply more convenient nowadays. So with digital transactions becoming the norm, is the ATM doomed?
The Bank of Tokyo-Mitsubishi (MUFG) has made its own digital currency. Currently only used for internal transactions, it's being considered for public release, which would make MUFG the first major bank to issue virtual money – a milestone in the creation of a truly cashless society.
We know that seamless payments can affect how we splash out, but could they also impact how we feel about the things we’re buying? Canvas8 sat down with Dr. Avni Shah, co-author of ‘Paper or Plastic?’, to understand how the method by which we pay influences product satisfaction and brand loyalty.
Be it for a vacation, business trip or as part of a nomadic lifestyle, international travel is more common than ever before. But with high transaction fees, spending abroad can be expensive. Enter Revolut. This prepaid card and app are helping people avoid charges and spend seamlessly overseas.