A diverse market of payment providers is healthy competition but it comes at a cost Rana Yared and Rob Moffat Today, companies whose raison d’etre is far from fintech find themselves needing to process payments transactions in very large quantities. Yet the historical payments infrastructure, which only supported financial institutions with payments, is increasingly unfit for purpose. What’s happening is that consumer businesses are being forced to become fintechs. This evolution is causing the entire [...]
It’s time for long-term fintech to break into pensions and mortgages Certain areas of fintech have experienced an entrepreneurial frenzy over recent years. Sectors once dominated by traditional providers have become hotbeds of startup activity, with most of the action occurring in payments, foreign exchange, short-term lending and, more recently, current accounts. As is often the case, where entrepreneurs have led, money has followed. This has [...]
