PIN verification will soon become a thing of the past. Thanks to advances in fingerprint biometric technology, the reality of being able to authenticate a payment with a simple touch of the finger is set to explode across the globe. Whilst some countries remain conservative in terms of adopting this technology
The UK’s retail banking sector has a crucial role to play in ensuring individuals across the UK have access to the finance they need. Consequently, customers require the retail banking industry to be consistent and reliable, a mandate that was left lacking after a report by Which?
The ability to track and visualise data lineage is becoming increasingly important in financial services. When valuing portfolios or modelling risk, or investigating referential data in regulatory reporting, firms need to trace data back to its source, demonstrate who has looked at it, what quality verification it has undergone and what tests it has passed.
Benjamin Franklin once said, “In this world, there is nothing certain but death and taxes.” I’d like to add one intertwined level of certainty – the modern staple. In fact, staples are killing worker productivity and they’re a major part of our tax process.
The Fourth Industrial Revolution (FIR) will turn the power sector (PS) into a Blue Ocean Strategy market, and investors will have to adapt accordingly. (Blue Ocean Strategy focuses on capturing untapped demand through the creation of new products that make the competition irrelevant.)
It is nearly 50 years since the introduction of the Equal Pay Act, yet the gender pay gap persists. The UK tech industry is no better than other traditionally male-dominated industries, with Mercer reporting that men in high-tech companies earn 25 per cent more than women, compared to the gap in the UK overall of 18 per cent.
Many of the most dynamic technological innovations in the last 25 years have promoted the idea of breaking down barriers, improving accessibility, and bringing the world’s citizens closer together than ever before.
Financial technology, or fintech (FT), will affect investment banking (IB) by affecting the various lists of services that they offer. However, two concepts need to be clarified before these effects can be analyzed in detail. First, the scope of FT needs to be defined by the most recent technology.
None of us are getting any younger, but, in a way, the workplace is. Millennials are now the largest generation in the workforce in both the UK and US. By next year, this cohort – and the even younger Generation Z group that follows them – will make up more than half the workforce globally.
In the past couple of decades, due diligence has evolved and improved, thanks in large part to the advance of technology and digitisation. Where before the process was frustrated by physical data rooms and huge volumes of paper documents