Insight
Knowledge bank – eight fascinating financial facts
Research for our recent blog pieces on the UK banking industry, open banking and microservices led us down some interesting rabbit holes. We thought it would be fun to collate some of the more surprising financial and fintech facts that we discovered below. Read on...
Fintech finesse
Fintech and Open Banking are all about automating and improving financial services. By its very nature, the industry is fast-paced, innovative and highly creative. So it makes sense that the people and companies operating within it also display these qualities. With...
Merchant identification – a key part of payment processing
“Do you have any ID?” It’s a question most of us have been faced with in the past. Depending on the context, we might be flattered or irritated to be asked. And there could be a tense few moments for the questioner, too, as they await our response. If they want to...
A brief guide to banking today
Not all that long ago, we thought retail banks were pretty uncomplicated. You could deposit money with them or borrow money from them, earning or paying interest respectively. Then the global financial crisis happened. From this, we learned that though the concept of...
10 steps to working well with a transaction enrichment vendor
We’ve learned what microservices are, who might use them, and how they function in the world of open banking. If you’re reading this, it’s quite likely that you work for a business (a bank, for example) that might one day need to make use of a microservice like...
Microservices – teaming with good ideas
“Come on, come on let’s work together…” it’s more than 40 years since US blues rockers Canned Heat sang about a collaborative approach to problem-solving, but the tune has staying power. Amazon and Allianz are just two of the blue-chip companies that have used the...
Open banking for small businesses
The first article in our Opening up about open banking series explained what open banking is and what triggered its development. We looked briefly at how sharing information can benefit individuals and large banks. But more than 99% (around 6 million) of the UK’s...
All about APIs
Open banking is a new concept, but the application programming interfaces (APIs) that make it possible have been around for quite a while. As we’ve mentioned elsewhere, in the simplest terms, APIs are connectors. They let different pieces of software, or applications,...
Microservices: making changes on a macro scale
Microservice - the word conveys a sense of something that is dinky, efficient, useful, but not really world changing, right? Wrong. While microservices are small cogs forming parts of larger machines, they are also driving innovation and disruption on a global scale....
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