Banking Technology May 2020 issue out now
Hope springs eternal
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
A note from our editor, Sharon Kimathi:
Policymakers worldwide are responding to the coronavirus pandemic with solutions to prevent recession, providing either loans or grants to both large companies facing tumbling stock prices and small and medium-sized enterprises (SMEs).
FinTech Futures’ reporter, Ruby Hinchliffe, picks her top 10 COVID-19 government initiatives to help businesses across the world over the past month. From the Monetary Authority of Singapore (MAS) providing SGD 125 million ($87.8 million) in coronavirus care packages to assist the country’s financial and fintech sectors, to the UK government’s Future Fund convertible loans.
“While the government has taken steps to open up access to capital for SMEs, offering government backed emergency loans of up to £5 million to keep them solvent, there are signs that traditional lenders are falling short,” writes Stuart Taylor, VP at Quotevine. He argues that business leaders should look beyond banks to alternative lending providers to try and obtain emergency funding.
Sean Hunter, chief information officer (CIO) at OakNorth, believes that customers need more than automated tech solutions for commercial lending as “they tend to have the opposite effect – especially when it comes to financial services as money understandably makes people emotional.” Hunter discusses how lenders can leverage artificial intelligence to “minimise time, effort and risk at the back-end, so that banks have more opportunities to delight their customers and forge genuine relationships at the front-end.”
We hope you find this month’s focus on lending during this crisis beneficial. Feel free to check out the website for all the latest news and industry reactions to the coronavirus crisis. From all of us at Banking Technology magazine, we hope you continue to stay strong and stay safe!
The May edition of Banking Technology features:
A new way of saving UK SMEs
Sharon Kimathi’s take on some big issues in fintech.
Leveraging AI to enhance humans, not replace them
Exploring the future of wealth management
Through a Gen Z lens
A bumpy road for alternative lenders
I’m just saying…
The new normal
Food for thought
Tell it cos it’s a good story
Ask the expert
Practical, free advice on how to grow your business.
Fintalk of the town
Our ‘Gossip Girl’ has been a fly on the wall.
And not to forget the Regulars of course:
Fintech feed – the good, the bad and the ugly.
Appointments – the movers and the shakers.
Click here to read the Banking Technology May 2020 edition