All articles by Douglas Blakey
Douglas Blakey
Personalised financial advice increasingly resonates with retail bank customers—especially younger ones
42% of customers recall financial advice and guidance and 76% of those take action according to the JD Power 2024 US Retail Banking Advice Satisfaction Study
Financial Services in pole position to drive the benefits of AI
Nash Squared’s 2023 Digital Leadership Report reported that 86% of financial services firms were actively considering, piloting or implementing AI. Peter Weston and Paul Hunt assess the impact of AI on financial services sector jobs
US startups raise over $50bn VC funding during Jan-May 2024 despite decline in deal volume, reveals GlobalData
VC deals by volume drop by 46.2% y-o-y but by value the fall is just 6.5%
OneMoneyWay and Shift4 to offer unified financial services to businesses across Europe
Shift4’s acquiring and payments services will enhance OneMoneyWay’s neo-banking solutions, offering merchants a comprehensive, consolidated financial services platform
Sumsub and Finastra partner to strengthen banking industry compliance
Sumsub secures long-term partnership with Finastra, jointly enabling banking clients to adopt Sumsub’s compliance and anti-fraud solutions
Mexican fintech unicorn, Clip, secures $100m investment
Funding round led by funds managed by Morgan Stanley Tactical Value and one of the largest, most experienced West-Coast mutual fund managers
OCBC Securities to triple young active investors with launch of Singapore’s first AI stock-picker
Trading activity among young investors increased 50% during the pilot period with the use of A.I. Oscar’s stock ideas
SIX launches new global equity indices
Global financial information provider SIX rolls out a family of global equity indices designed specifically for the retail, private banking, and asset management sector
TD launches full-service platform supporting technology and innovation clients in Canada
High-touch banking and capital solutions tailored towards servicing the needs of entrepreneurs in the innovation economy
UK consumers seek more bank support as debts mount: GFT
On average, UK consumers are almost £2,700 in credit card debt with 45% using their overdraft before the end of the month and 25% incurring significant charges