Monzo has positioned themselves as a digital-only alternative to traditional consumer banks. Their use of technology has allowed them to offer greater convenience, transparency and service – all at a lower cost. They’re winning, and they’re likely to continue doing so.
Finance
Kreditech: Loans based on Facebook posts?
By using new data sources and employing up-to-date machine learning technology, online loan provider Kreditech hopes to better understand applicant’s financial situation and personality.
A Brex of Fresh Air in Corporate Credit Access
Brex is a corporate card company that uses bank information to make real-time data-driven decisions about the credit limits that it should set for start-ups and other small businesses. This helps minimize financial risk while increasing the revenue that the company receives as a card issuer.
Are you loyal to bricks-and-mortar? (Wells Fargo vs. Revolut)
Revolut is a digital invader in retail banking. Are established banks well positioned to protect their lucrative position? A heavy anchor of branch network can let them down.
Digital Era Helping Large Banks Grow Market Share
How the shift from branches to online is helping large banks dominate in digital acquisitions, underwriting analytics, and digital-first branch cafes.
Lending Club: Creating the Marketplace Lending Business Model
Can Lending Club disrupt the personal lending marketplace?
Less is more: Digital Innovation for Financial Inclusivity
Financial inclusion services reminds us in order to achieve a successful digital transformation, having a proper contextual understanding is as important as developing the technology itself.
ABSA: Getting REALLY radical about digital transformation in banking
Can ABSA maintain its position as a large player in the South African banking industry as it faces increasing competition from digitally-enabled players with strong data analytics capabilities?
Morgan Stanley: Who do you want to manage your money? Robots or humans?
Can incumbent financial services firms avoid disruption by new entrants?
Western Union: Leading or Lagging Digital Transformation?
As mobile payments and blockchain tech challenge the status quo of cross-border money transfers, Western Union must digitally transform itself at the right pace… or risk going the way of the telegraph.