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Innovation & Technology

LSBF News

Technology failures changing consumer attitudes in banking, study shows

A study from data analytics firm Consumer Intelligence has highlighted the impact of technology failures in banking, with more than 40% of consumers saying that they would be put off applying to a bank that has technical issues. The research showed that technical problems such as security issues have led to consumers being more vigilant, with more than 45% saying that they have changed their behaviour.

Contactless payments become top choice for UK adults, research shows

Research from comparison website GoCompare Money has shown that contactless payments have become the top choice for UK adults, with more than 75% using this method of payment in the past year.  The study explored payment trends and found that UK adults now favour contactless payments over traditional payment methods, with more than 19 million people in the UK using contactless payments for purchases under £30.

UK tops US for fintech investment, KPMG figures show

Figures from KPMG have shown that the UK has topped the US in terms of investment in financial technology in the first half of 2018. The Big Four accountancy firm’s “Pulse of Fintech” report showed that the UK also topped Europe for fintech investment, accounting for more than half of the total investment, which stood at $26bn.

Financial services firms are adopting new printing technologies, research shows

A study from technology services firm Ricoh Europe has shown that financial services firms are adopting new printing technologies in…

Research calls for more finance professionals to implement AI systems

Research from recruitment specialist Reed Accountancy & Finance is calling for more finance professionals to adopt artificial intelligence (AI) systems.…

Trade body launches Digital ID to benefit consumers and fintechs

The Tax Incentivised Savings Association (TISA) has launched a project that aims to help consumers have better control over their…

Nationwide supports Open Banking challenge to boost financial inclusion

Nationwide is backing an Open Banking initiative that aims to connect financial technology companies with debt and money charities to…

Open Banking could be worth £7.2bn by 2022, report shows

A report from Big Four accountancy firm PwC has predicted that the Open Banking sector could be worth £2.8bn by…

Open Banking to revolutionise how UK consumers manage personal finances

A study from Network Research has shown that Open Banking is set to revolutionise the way that UK consumers manage…

New competition launched to support UK’s promising fintech start-ups

A new competition has been launched to help the UK’s most promising financial technology start-up companies boost their growth. Applications…

UK named tech unicorn capital of Europe

New figures have shown that the UK is the tech unicorn capital of Europe, with 37% of Europe’s tech firms…

Overseas investment doubles in UK tech firms

The technology sector in the UK is moving far ahead of its European competitors, with data revealing that in 2017,…

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