COVID-19: industry impact & response
With the unprecedented changes the COVID-19 pandemic is causing, the FinTech Futures team is here to help the market navigate today’s challenging business landscape.
We want to reassure you that FinTech Futures is operating with business as usual. Every member of our team is still available via email and the phone numbers published on our contact us page.
We are publishing news and analysis on the website, including details of how the industry is responding to the pandemic. Below is a compilation of the articles on the subject, which we hope you find helpful. If you have any news or insights, please send them to the team.
Above all else, we want to wish everybody reading this well.
Timing is everything: launching a bank amid COVID-19
"We never planned to launch a bank during a global pandemic," says the CEO of Monument.
Webinar: Empowering your SME customers for the new digital normal with APIs and microservices
Real-life examples from Tide and THIS of how APIs and microservices have fuelled business transformation.
Webinar: Streamlining manual processes amid COVID-19
Experts from Banco Santander, Foxit Software and Xendoo discuss digitising paperwork during the coronavirus crisis.
How automation can help insurers build resilience and rebound stronger from COVID-19
It’s a case of ramping up the automated underwriting footprint for the most simple, homogenous policies.
A search for calmer waters
Businesses across all industry sectors will face three stages over the coming months.
Banks must deploy AI with urgency to save SMEs
Projects that would normally take months need to be delivered in days.
COVID-19 analytics: the lesson for those involved in policy management
Modern data-enabled systems and processes are the key to staying competitive.
The stress of being stressed
This is the time to handle the pressure, not indulge in the stress.
Taking stock of China’s COVID-19 payments processes
If you think COVID-19 has largely been a boon to real-time payment in China, think again.
Five ways it pays to go beyond ID-only verification
Identity verification serves many benefits to organisations seeking to build trust in their online channels.
Why remote onboarding is going to make or break banks
A number of onboarding steps can be automated, streamlined and simplified to deliver a better customer experience.
How to prevent your cloud finances from sinking you during economic turbulence
Practical steps to establish and maintain a successful cloud financial management (CFM) strategy.
What the Fintech? Episode 8 | Payments: were systems in Europe ready for COVID-19?
Tune in to find out an eyebrow raising banished buzzword in another rendition of ‘Fintech Jail’!
Managing fintech security remotely: overcoming challenges with WFH setups
Let’s take a look at what IT staff can do during this time of crisis.
Liquidity risk COVID-19: big vs small data
Banks must be prepared to perform deep due diligence on their credit lines and loan books.
COVID-19: will fintechs crash, survive or get bought?
What can fintech firms do to ride out the storm?
Banking on the cloud in the face of COVID-19 and beyond
How is it already aiding savvy banks and their fintech counterparts?
Partnering is a solution to the regulatory “new normal”
FinTech Futures speaks to James Buckley, vice-president and Europe director for Infosys Finacle.
What does survival of the fittest mean for fintechs in a post-COVID-19 world?
COVID-19 has already led to a shift in mindset for many businesses.
What the Fintech? Episode 7 | Open banking & savings
Co-founder & CEO of Plum offers his insights on how COVID-19 affects savings.
Banks, cybersecurity and virology
I would actually like to see governments take a more holistic look at how they’re fighting COVID-19.
Webinar: How financial services firms are preparing for the new normal
The COVID-19 pandemic has forced a sudden shift from physical to digital.
Major banks assess COVID-19 working from home policies
A list of how some major banks are responding to COVID-19 remote working policies.
Banking software solutions for home working
Co-browsing and client portal technology is making it easier for bank advisers to work from anywhere.
Emerging services and solutions amid the COVID-19 chaos
Financial services are expected to play a pivotal role in helping the global community emerge from this crisis.
Will COVID-19 drive mortgage transformation up a gear?
The market needs to step up its efforts to better engage borrowers on their mortgage options.
Digitalisation a must-have for lending in a post-COVID world
The coronavirus pandemic has affected and disrupted every aspect of financial services.
Webinar: Digitising the commercial lending process in times of crisis
How to support business clients now, when they need it the most, with an expedited digital lending process.
Partnerships to drive industry forward in post-COVID world
The coronavirus pandemic has caused immediate changes to the financial services industry.
Pandemic forces corporations to balance technology investments on risk and agility
125,000+ staff working remotely, 3m chat messages, 780,000 video & internet calls a day - how did Santander do it?
Why alternative lending will be essential to save UK SMEs
This makes it the ideal tool to help SMEs through COVID-19.
A bumpy road for alternative lenders
Coronavirus crisis opportunities for alternative lenders come with big risks.
Help! Historical data does not help with modelling the COVID-19 world
In light of how quickly the world has changed, CIOs and CTOs need to ponder hard questions.
Situation: not normal
Choose to act towards the next chapter. Choose to live each day of "not normal" as if more than survival is at stake.
Three ways to optimise the finance function during COVID-19
It's important to find areas of your business that can create positive returns.
Defending against COVID-19: the unforeseen risks
Leaders and managers may find themselves in a response management mode that is unfamiliar.
Tech for good
Highlighting how tech companies have come to the rescue during the COVID-19 crisis.
Why the virus that stopped the world, opens a door for tech start-ups
During these difficult times the survival of many companies will depend on their ability to adjust to a new reality.
Will America’s second round of PPP avoid mistakes of the first?
Roughly 80% of PPP applicants are still waiting on loans, says NFIB.
Looking beyond the coronavirus trading boom
Some trading apps see their future in the saving market.
What the Fintech? Episode 3 | Digital disruption: Bitcoin and stable coins
Tune in to hear what Gemini's MD for Europe, Julian Sawyer, thinks about digital currencies.
Trump’s COVID-19 stimulus plan needs to swap checks for digital dollars
The potential for a CBDC to make such disbursements more efficient and effective is multi-faceted.
Transformation in a post apocalyptic world
How do we ensure we are in a better place to serve, deliver, survive in the next Black Swan event?
Making remote working work
This is critical to the continued success of your business in these unprecedented times.
What would a coronavirus start-up aid package mean for UK fintech?
Coronavirus could "wipe out a generation of start-ups", says one fintech founder.
What the Fintech? Episode 2 | COVID-19: Is cash still king?
Find out Nick Kerigan's take on the impact of COVID-19 and his banned buzzword.
The return of humanity in the digital era
He highlights the positive impact of the current situation and how our past was not necessarily better.
Coronavirus exposes gaps in innovation
The pandemic has given fintechs a time to shine.
Will fintech CEOs follow in the footsteps of Dan Price post-coronavirus?
Monzo and Moven's CEOs have both taken a 100% pay cut.
COVID-19: a call for digital transformation
This will not be a short-term event so businesses must prepare for the long haul.
Life in the time of COVID-19: learning to share
"Humans. So many good ideas. So many failed ideals."
Love in the time of COVID-19
Amazing teams have teams that care. That's how leadership works. It's a team sport.
Gradually – then suddenly: parenting during coronavirus
Until we get beyond, hunker down and carry on. Pass me that glass of wine please.
A look under the hood of ABN Amro’s internal Covid-19 operations
The bank admits there were some VPN teething issues.
Keeping traders trading from home
Traders have found themselves operating in a new world.
Credit scores and the willingness to repay in the age of Covid-19
Psychometric credit solutions will likely become increasingly valuable for loan decisioning.
Ask the expert: how can I create a winning investment strategy?
Now could actually be a good time to for fintechs to accelerate their investment efforts. Let me explain why and how.
Ask the expert: what can I do to ensure my fintech is protected during these challenging times?
As a growing a fintech, you’ve worked hard to get to where you are. You mustn’t let momentum slow.
Budget 2020: What’s the fintech impact?
FinTech Futures picks out the fintech tidbits in this week's announcement.
The impact of COVID-19 on the Chinese market
The effects of the coronavirus on the local fintech market isn't all negative.
FinTech Futures update: business as usual
Our team is here to help the market navigate today's challenging business landscape.
London’s start-up co-working space TechHub goes bust
Founder Elizabeth Varley puts the business’ collapse down to COVID-19.
Iwoca calls on banks and UK government to extend CBILS
The fintech has raised £100m in debt financing to extend its own support.
Monzo’s losses widen due to COVID-19
Bank admits that the pandemic casts “significant doubt” on its ability to continue operations.
EC prepares changes to MiFID II research unbundling rules
EU body aims to boost economies by relaxing MiFID II rules.
Exclusive: Money20/20 Europe sponsors join forces to assess Amsterdam event options
Money20/20 Europe assures the physical event in Amsterdam is safe and ready to go ahead.
CCAF, World Bank and World Economic Forum call on industry to take part in COVID-19 fintech study
Working in fintech? Take part in the survey and share your views!
Third wave of COVID-19 forces Hong Kong banks to close branches
11 lenders will partially or completely shut down operations at some 58 branches.
UK government launches review to boost fintech sector
The review intends to establish priority areas for industry, policy makers, and regulators.
Aussie fintech Wildcard shuts down due to COVID-19
The savings firm couldn’t keep up with the economic impact of coronavirus.
Study finds discrimination against Black small business loan applicants
Of the groups studied, Black women received worse treatment in 59% of cases.