The 2021 Fintech Countdown

What positive changes have you seen across financial services / money management this year?

‍2021 has been a turning point for many. People are more aware than ever of the importance of money management and have realised that the best time to start investing is always now. At the same time, we have seen strong reactions including from the regulators against certain practices within the financial services space, which is needed and in my view very positive in the long term to create more trust. Customers are demanding higher levels of transparency and rewarding businesses that operate in an honest way.

How has your relationship with saving and investing changed?

‍I believe that after the last couple of years, we are all more aware of the importance of having a safety net and maintaining a financial cushion. I have learned to expect the unexpected and I am doing everything I can to seize every opportunity to ensure a healthy financial life, for myself and my family. Also, the market ups and downs we have witnessed over the past months have reminded me of the importance of keeping a level head and thinking of the long-term plan.

What’s your favourite money management tool?

‍Not a money management tool per se, but that’s an easy one for me: HeyTrade. We started it to build the investment platform I couldn’t find elsewhere!

Any goals for next year?

‍So many! For starters, to internationalize HeyTrade so that people from other countries can benefit from a full-fledged investment platform. We’re also working to deliver a superior trading experience that will include more equities and services for the end user. We remain loyal to our goal to build a brand-new culture around retail investing: frictionless, innovative, customer-centric and universally accessible. Watch this space…

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It's been a busy year for us at Nucoro. Thank you for being a part of it! We hope you are able to have a lovely Christmas and we look forward to being in touch with you again in the new year!

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With $15 trillion expected to transfer hands to millennials, Gen Z and Gen Ys in the next ten years, how is technology enabling private banks to strengthen their brand across generations? And what can these banks learn from the retail sector as we experience one of the biggest shifts in investing behaviour yet?

Edmond de Rothschild's Salvador Vidal and Nucoro's Hugo Ferreira discuss the challenges that Edmond de Rothschild faced when embarking on its digital investment journey and delve into how its partnership with Nucoro is paving the way for them to thrive in the digital age with a hybrid advisory proposition.

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We’re excited that our 2021 Fintech Countdown kicks off today!
Throughout the month of December we will be spotlighting financial services leaders by sharing their highlights of this year, their thoughts on how saving and investing has changed, as well as their favourite money management tool. Come back every day throughout this month and discover a new door.

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What positive changes have you seen across financial services / money management this year?

The rise of Buy Now, Pay Later – and its backlash – has been an interesting one this year. I don’t think BNPL is inherently a bad thing, but I’ve been delighted to see people who do think that being so vocal!

For me, this shows an increasing awareness among the general public of how FinTech is affecting their lives every day. People are starting to understand all the options it opens up for them and are keen to find the right one for their situation. In the industry, it’s our job to make this as easy as possible and equip everyone with the knowledge they need.

It’s also a sign that we’re talking about money more in general, which is brilliant. I have loved seeing the rise of influencers opening up conversations about money – especially as so many of these are women and people of colour.

How has your relationship with saving and investing changed?

Right now, I am embracing flexibility.

Like most of us, I experienced a lot of changes in how I spend and save over the past year. During lockdown I was delighted with how much money I saved into my LISA and savings account – I use Moneybox to automate my savings and gain visibility on how much progress I’ve made.

Then we came out of lockdown, the pubs reopened, commuting started again – and I found myself with far too much month left at the end of my money!

At first, I felt guilty about this but I have realised I can’t expect to save the same amount every month as I was in lockdown. FinTech solutions mean you can see when your spending needs change and adjust savings accordingly… BUT I will be toning down the spending a bit now the novelty has worn off of eating out!

What’s your favourite money management tool?

I’m a Plum superfan. I feel it’s everything a FinTech should be in that it helps you look after your money and financial wellbeing, but you barely even notice it is there.

I have automated roundups and payday savings that I don’t notice come out of my account and it’s been genuinely useful for me. I moved house in August and I was worried about the cost of moving but I then found I had £300 I didn’t even realise was squirreled away. I’ve learned it’s important to have an easily accessible cushion if possible, to help avoid getting into debt.

The only thing Plum could do better would be joining FinTech Alliance :)

Any goals for next year? (No matter how big or small)

My goals for 2021 are:

• Budget better! I am still working on what my post-lockdown budget will look like, but I know I need to be a bit more careful with my spending. The problem is, most of the PFM tools out there tell me I’m overspending but my brain doesn’t seem to take it in.
• Find out about my pension – what, where, when, how is pension?? I’m clueless.
• Find a good solution for invoicing and taxes. I do a little freelance work on top of my day job, and for the first time I am earning enough to need to pay my taxes. This is a notoriously bad process, but I’ve recently heard of a few FinTechs that are making it easier. Must investigate.
• Explore investing platforms – like Wombat, which enables you to invest in line with your interests and ethics

What positive changes have you seen across financial services / money management this year?

The lockdown induced trading hype in many countries should hopefully have the lasting effect to have more people also become longterm investors in equity.

How has your relationship with saving and investing changed?

What a volatility rollercoaster in the markets! In the less recent past a 5% change in a stock price took a month or even longer. Now even large caps often have daily changes like this! Not talking about their intraday volatility. Investors seem to get used to higher volatility, but a return to a „risk free“ interest rate would let investors sleep more calmly. I will not do crowdinvesting anymore, bad experience lately.

What’s your favourite money management tool?

‍I prefer DIY. And in this area those with the fewest clicks.

‍Any goals for next year?

Buying stocks must be painful, but selling them, too. Not always easy.

What positive changes have you seen across financial services / money management this year?

I think if last year's buzzword for Fintech was 'adoption' (as a locked down populace were forced to embrace tech solutions), this year's buzzword is 'entrenchment'. The worry among a lot of Fintechs was that people would revert to bricks and mortar and traditional savings habits. As someone whose client base is predominantly financial technology companies, I am delighted to say I have seen no evidence of this at all. Users gained in 2020 are staying loyal to, and engaged with, online and app based money management solutions. Accessibility and cost always made take-up inevitable eventually but timelines have been considerably shortened.

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How has your relationship with saving and investing changed?  

I have always been a passionate supporter of London's various watering holes! Even though the City is now roaring back to life, there were a good 12-18 months where that hospitality spend was going into savings instead. A bigger monthly savings amount caused me to pay far more attention to where my money was going and how it was being put to work (good-bye 0.5% interest Cash ISA).

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What’s your favourite money management tool?

I'm going to name-drop another client here I'm afraid. I'm a big fan of Snoop. They're a great team of people and are passionate about putting power back into the hands of consumers. From a savings perspective, Moneybox is my primary micro-investing app purely based on ease of use. However I am also enjoying playing around with Wombat which allows you to build bespoke portfolios based on themes (e.g. healthcare, hospitality, AI etc.). Savings apps need to find a way to match the endorphin rush of spending. There are definitely some big leaps being made.

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Any goals for next year?

Convincing my lovely wife that 2 children is more than enough...

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What positive changes have you seen across financial services / money management this year?

We’ve seen greater self-service capabilities available to consumers through digitalisation. Whether that’s opening accounts or accessing a wider range of services from financial institutions, the change has gathered pace during 2021.

This self-service promotes empowerment of people with their money and encourages consumers to take a greater interest in their financial management. More savvy customers are pushing banks and fintechs to greater levels of service, which is a benefit to everyone.

How has your relationship with saving and investing changed?

With more non-conventional options at my fingertips, I’ve taken a greater interest in how to get a return on my savings. This is also driven by my life stage. With young children, I am looking at longer term returns around education costs and even pensions.

What’s your favourite money management tool?

I am a big fan of Revolut. It’s made what were complex processes incredibly simple and widened the net of Financial Services to more people. As we transition more and more to a cashless society, the pace of change will be driven by the ease of adoption. Revolut has been a leader in this area.

A good example is a juvenile sports team I run which moved to a cashless model this year. Adoption was at 100% within a month in a club that was entirely cash based until that point.

Any goals for next year?

Workwise, I’m fortunate to work for Finastra, a company that believes the future of finance is open. I’d like to continue the progress we’ve made locally in Ireland and the UK next year and partner with more fintechs, banks and consultancies.

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What positive changes have you seen across financial services / money management this year?

It has been remarkable to watch the adoption of FinTech in the last year which has been great for us all as customers. We often spoke in the past of how technology was going to disrupt the old models of financial services, and I think people certainly agreed with the premise but would think it was still in some far-out future. The last year surprised me (and everyone) with how quickly FinTech finally came of age. Lots of various points of reference evidence this for me: from fully digital banks such as Nubank reaching over 40+ million customers, to large well-established incumbent financial institutions acquiring fully digital platforms such as JP Morgan acquiring Nutmeg, to digital currencies exploding such as Bitcoin pricing at over $50k as I write this, plus so so many other FinTech solutions getting really serious traction and backing. This explosion of FinTech has been a great trend to observe as there is a clear value unlocked for customers (such as around money management, savings, investing, all areas).

How has your relationship with saving and investing changed?

I have grown up with an expectation that managing my money (savings and investment) should be a native digital experience. So I think it is great of how both new and existing financial institutions are aiming to offer this to me. My own relationship with saving and investment has always been to make a practice of it! This becomes much easier to do and plan into my life using digital solutions, which in my view is a great thing given where financial services is quickly heading.

What’s your favourite money management tool?

My favourite tool is a service I use (via a FinTech) that ensures the rent I pay gets factored into my credit score (similar to how making a mortgage payment does). I think it is great, especially as this is my largest single expenditure every month and I have only lived in the United Kingdom for a few years so unfortunately they start you off with zero credit score!

Any goals for next year?

The biggest take-away from the last year is to honestly enjoy every day! It is so easy to be busy and focused on my/the next task or goal but I am really working on making sure I have fun throughout it all.

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According to Lloyds Bank’s sixth annual Financial Institutions Sentiment Survey:

“77% of senior leaders within UK financial institutions also said technology, automation and digital investment is a top strategic priority for the year ahead”

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80% of the top 100 global banks have at least one fintech partnership. But what does it take to enter a successful partnership? We've developed a short guide on what questions you should ask yourself before embarking on a digital innovation and transformation project.

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Check them out here.

What positive changes have you seen across financial services / money management this year?

Education. Our interns this year are the first cohort to be aware from day 1 of different options even what a money management tool is!

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How has your relationship with saving and investing changed?

The likes of Freetrade have made investing a lot of fun, but also the rise of the hobby trader WhatsApp groups

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What’s your favourite money management tool?

.... the most flexible cloud based one there is... but will use until there is something that can handle everything (and I mean even all weird assets like a Faberge Egg!) ... Google Sheets!

Any goals for next year?

Buy a small ship.

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“Fintech Investments Have Hit $91.5 Billion In 2021, Nearly Doubling Last Year’s Total”  

according to Forbes's writer Isabel Contreras. Read the full article by clicking the link here.

With $15 trillion expected to transfer hands to millennials, Gen Z and Gen Ys in the next ten years, how is technology enabling private banks to strengthen their brand across generations? And what can these banks learn from the retail sector as we experience one of the biggest shifts in investing behaviour yet?

Edmond de Rothschild's Salvador Vidal and Nucoro's Hugo Ferreira discuss the challenges that Edmond de Rothschild faced when embarking on its digital investment journey and delve into how its partnership with Nucoro is paving the way for them to thrive in the digital age with a hybrid advisory proposition.

Check out the full video here.

What positive changes have you seen across financial services / money management this year?‍

Incredible funding rounds ;)

Where nobody knew where things were going at the beginning of the pandemic, through digitization FinTech has accelerated and funding is pumped in massively by VC’s. And there are no signs of slowing down. I expect this to continue in 2022.

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How has your relationship with saving and investing changed?‍

Not mine, but it seems to have changed for many other people now saving and investing apps have gone more mainstream because of the pandemic.

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What’s your favourite money management tool?‍

There are so many that I can't name just one ;)

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Any goals for next year? ‍

Find the new big thing in FinTech, and that's probably going to be in the business banking (freelancers and small business) segment.

What positive changes have you seen across financial services / money management this year?

It’s been great to see that finally large financial institutions are getting their digital act together. I’ve seen big leaps in terms of Open Banking, Partnerships and some interesting acquisitions indicating that it took a global pandemic for Banks and other FIs to get off the fence and take digitalisation seriously.

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How has your relationship with saving and investing changed?

Negative interest rates have had a big impact on my perception on savings, and limited opportunities to spend on things like travel and leisure has given me more flexibility to explore investment vehicles that i wouldn't have considered before, perhaps a bit of crypto, NFTs and ehem ehem… maybe even the odd meme stock 😬

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What’s your favourite money management tool?

The question makes two big assumptions: 1. that I use a money management tool and 2. that I have a favourite one…. 'nuff said 😏

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Any goals for next year? (No matter how big or small)

The uncertainty and chaos in the past 2 years has made me think more about how I can leverage my knowledge, expertise and interests to create value for others. There is an enormous need for simplicity and relatableness in Financial Services so I’ve partnered with some awesomely clever people to create Nordic Fintech Magazine, a multichannel platform that seeks to bust the jargon out of Financial Services and help customers understand what all the fuss in FS means for them. So as a goal we want to reach more and more people with simple and clear information about all the innovation that is reshaping the industry. Here’s to a clearer, simpler and more relatable 2022 🥳🎊🥂

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This December, The Fintech Times asked industry leaders for their ‘View from the Top’ to gain an insight into the decisions behind the last 12 months. Today, we hear from Rolands Mesters, Stefan Auerbach, Nikolai Hack, Emma Kisby and Charles McManus on their 2021 thoughts, plus a look ahead to 2022. Will there be a Happy New Year? Read the full review here.

JP Morgan’s purchase of robo-adviser Nutmeg, reportedly for around £700m, earlier this year, sparked much attention in the industry - as did Barclays and Scalable Capital’s partnership  last year with the launch of new digital advice offering Plan & Invest. With news that Britain’s biggest high street lender, Lloyds, is set to follow this partnering trend with the £390m acquisition of investment and retirement platform business Embark, could this herald a new era for digital investment management and banking partnerships?

So, what are the benefits of these new partnerships? Who are the players targeting and what does this mean for the future of the industry?
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Read the full blog to hear our take.

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Pandemic lockdowns in 2020/21 forced global economies into a downward spiral as they faced the potential collapse of emerging markets and unprecedented government stimulus packages. But stock market gains have seen many high-net-worth-individuals (HNWIs) actually increase their wealth in the last year.

Read the full article here.

We’re excited to announce that the The Wealth Mosaic’s Swiss Wealth Technology Landscape 2021 is now live and we are a part of it!

The report features 19 thougt-provoking articles and interviews on a range of technology-related topics around the Swiss wealth management sector, 20 featured solution provider profiles and 464 technology and related solution providers in the main directory.

“This second edition of the Swiss WTLR has seen the main directory in the report grow from a little over 300 firms in 2020’s first edition to 464 firms this year. This growth highlights both TWM’s growing knowledge of the market as well as the simple fact that more solution providers are serving, targeting or simply just relevant to the business needs of the Swiss wealth management market, said Stephen Wall, Co-Founder and Head of Directory, Content & Insights at The Wealth Mosaic.

If you are keen to learn more about how hybrid wealth management offers the best of both worlds when it comes to customer experience head on over to page 27 of the report, as our Head of Business Develompent Hugo André Ferreira guides us through the landscape.

Download the report using this link.

Nucoro's Head of Strategy and Partnerships joined IBS Intelligences Managing Editor Robin Amlôt for an episode of the IBS Intelligence Podcast to discuss the rise of the digital retail investor.

'For consumers, the process of managing their finances is simply a means to an end – a fact that banks too easily forget. The average consumer is not interested in the tech behind the process, they simply expect to have the flexibility they want between channels, products, and propositions. Banks must step up to provide multiple channels and options that allow consumers to take control of their finances. The right solution should be about the customer experience not about the bank’s experience. Robin Amlôt of IBS Intelligence speaks to Nikolai Hack, Head of Strategy & Partnerships at digital investment platform Nucoro.'

Tune into the episode here.

What positive changes have you seen across financial services / money management this year?

It is always encouraging to see the progress that the Money and Mental Health Policy Institute are making around gambling blocks and their campaigns to stop aggressive debt threats and GP charges for Debt and Mental Health. Anyone interested in their research and recent campaign victories can find more detail in their annual impact report that is available here.

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What’s your favourite money management tool?

Aside from my Wise account and card, I also use Starling’s savings pots through our joint bank account. You can set these up so certain amounts move automatically into different pots each month. The pots can cover everything from boring things like car insurance to saving up for much bigger splurges. It means you can plan in a way that ensures there are never any surprises - your annual or quarterly bills can be smoothed out by setting money aside on a monthly basis.
I’ve also recently started using Pensionbee to find and combine my old pension pots. Seeing everything in one place and using their projection tool for retirement is both reassuring and motivating!

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Any goals for next year?‍

From a Wise Platform perspective, it’s to continue building on the success that we’ve already seen. We announced our plans to integrate the magic of Wise into more banks and enterprises in our recent half year trading update available here. We’ll be launching more partnerships globally, like those that we already proudly have with Monzo, Google Pay, Shinhan Bank, Xero, GoCardless, N26 and Bunq.

From a personal perspective my goal next year is to make up for lost time with some international travel. Also, I should probably try to get the printer working that I bought four years ago that is still sitting in a cupboard!

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What positive changes have you seen across financial services / money management this year?

Different providers are beginning to deliver growth through their differentiation to customers, so the options available to consumers are less homogenous and more fit for purpose. This means a tailored experience is now available to a broader audience, be that on a geographical or segmentation focus. Embedded finance is also bringing in a whole new era of responsible, yet seamless purchasing experiences for us all.

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How has your relationship with saving and investing changed?

Definitely improved – although still in the early stages. Attempting to put the tragedy of early investing experiences to rest and lean into how I might approach this again with a much longer-term view on potential performance upsides.

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What’s your favourite money management tool?

GoHenry is great for enabling my daughter to create her own financial literacy and independence while also ensuring an element of oversight. I also love the option to share links that create gifting opportunities with delayed access to the funds and a message from the sender.

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Any goals for next year?

Keen to create a big hairy adventure (Covid willing) of some description – rafting, hiking, exploring. Not sure on the details right now, but 2022 is the year for more adventure! Life is all about the experiences and memories we make for ourselves and with each other.

What positive changes have you seen across financial services/money management this year?

It took a while but finally, the customer really is King or Queen when it comes to financial services. We are now in the driving seat when it comes to determining the future of financial products and fintechs and traditional providers are really embracing customer-centric product development. I am a big fan of (Transfer) Wise and how they have revolutionised the model in international money transfer by identifying the pain point in the market and solving it in a slick and frictionless manner.

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How has your relationship with saving and investing changed?

The economy being as it is we all now have to be a bit more creative about how we save and invest our money to make it work for us. The variety of investing apps is a plus for me because I am time poor having an energetic pre-schooler at home, so using investment tools where I can set some high-level parameters and then sit back and let them do their thing is a great way to make the most of what I earn.

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What’s your favourite money management tool?

There are some great dedicated money management tools out there that I have tinkered with and think are extremely helpful to people, but for me personally, I find that most of the leading challenger and neo banks offer great budgeting and visibility built into their apps that suit my needs.

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Any goals for next year? (No matter how big or small)

Professional: Keep telling the stories of some of the great clients we are working with in the fintech space and  how they are making people's lives better
Personal: find a fun way to introduce my daughter to coding, any tips?

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What positive changes have you seen across financial services / money management this year?

It has been remarkable to watch the adoption of FinTech in the last year which has been great for us all as customers. We often spoke in the past of how technology was going to disrupt the old models of financial services, and I think people certainly agreed with the premise but would think it was still in some far-out future. The last year surprised me (and everyone) with how quickly FinTech finally came of age. Lots of various points of reference evidence this for me: from fully digital banks such as Nubank reaching over 40+ million customers, to large well-established incumbent financial institutions acquiring fully digital platforms such as JP Morgan acquiring Nutmeg, to digital currencies exploding such as Bitcoin pricing at over $50k as I write this, plus so so many other FinTech solutions getting really serious traction and backing. This explosion of FinTech has been a great trend to observe as there is a clear value unlocked for customers (such as around money management, savings, investing, all areas).

How has your relationship with saving and investing changed?

I have grown up with an expectation that managing my money (savings and investment) should be a native digital experience. So I think it is great of how both new and existing financial institutions are aiming to offer this to me. My own relationship with saving and investment has always been to make a practice of it! This becomes much easier to do and plan into my life using digital solutions, which in my view is a great thing given where financial services is quickly heading.

What’s your favourite money management tool?

My favourite tool is a service I use (via a FinTech) that ensures the rent I pay gets factored into my credit score (similar to how making a mortgage payment does). I think it is great, especially as this is my largest single expenditure every month and I have only lived in the United Kingdom for a few years so unfortunately they start you off with zero credit score!

Any goals for next year?

The biggest take-away from the last year is to honestly enjoy every day! It is so easy to be busy and focused on my/the next task or goal but I am really working on making sure I have fun throughout it all.

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For the majority of our lives, the answer to the question “how does a bank make money” seemed to be an obvious no brainer. Accordingly, the definition of Commercial Banking on investopedia.com couldn’t be clearer:

Commercial banks make money by providing and earning interest from loans [...]. Customer deposits provide banks with the capital to make these loans.

Traditionally, money earned in the form of interest from loans often accounts for up to 65% of a banks’ revenue model. However, to anyone who has been paying attention to central bank activity and monetary policy across the world, this definition poses a somewhat puzzling picture.

Read the full blog to learn more.

What positive changes have you seen across financial services/money management this year?

It was a fantastic year for financial services in Kuwait; we witnessed the launch of two digital banks. However, Kuwait still has a long way to go in terms of financial services and money management. Nevertheless, I’m hopeful that all the amazing tools available internationally will be available in Kuwait soon.

How has your relationship with saving and investing changed?

It has evolved over the years to where I am today with three different investment portfolios that I use the method of automation to help me save and invest without taking any time from my busy life. But, what’s interesting is seeing others listening to my Arabic podcast (Edge Money Podcast) about teaching women how to save and invest using the techniques that help me and how they are changing their relationship with money.

What’s your favourite money management tool?

Unfortunately, we don’t have money management tools YET in Kuwait, so I’ve created a Money Dashboard using Excel to help others with tracking their net-worth and spending plan. And I’m patiently waiting for what’s coming on the way.

Any goals for next year?

My main goals for 2022 are to launch the Investment Guide that I’ve been working for @edgeelements and do some revenge traveling.

Customers are not getting access to the best financial services has to offer as financial institutions struggle to deliver innovation to their customers due to complex legacy systems, fragmented tech stacks and internal processes.

Nucoro helps financial institutions transform their businesses through the creation of digital savings, investment, trading and wealth management propositions.

Our modular, cloud-native platform lets you build personalised, flexible solutions that grow with your customers, in a secure environment with consistently high performance. You can develop powerful solutions at speed and scale, helping customers do more with their money — while automation and integration with third-party solutions enhances profits and expands your services.

With offices in London, Madrid and Geneva, Nucoro offers international scale from a platform that is backed by market-leading names in the financial and fintech sectors. We’re there to help drive your digital vision to completion, guiding development to make the greatest impact for you and your customers.

With Nucoro’s technology you can transform your offer, stay ahead of change, and keep growing your business. Check out our platform video here.

What positive changes have you seen across financial services / money management this year?

Let's start by agreeing on definitions - I propose money management for Nucoro implies managing investments & savings - rather than the day-to-day budget. Of course this is intrinsically linked, and lots of exciting innovation is happening on both sides of the equation.
On the investment side, the accelerating trend is adoption of digital-first, low-fee investment management, and it's getting serious Tier 1 attention - The Nutmeg acquisition or Wealthsimple funding round are a few small (but big!) examples.

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How has your relationship with saving and investing changed?

My household has grown this October with a newborn baby boy! Life events of course have downstream effects on our financial plans, and hoping soon to have a chance to think this through properly and inform what we could/should be doing differently.

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What’s your favourite money management tool?

I can't pick one, different players are taking different angles for different segments of the market - and that's great.

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Any goals for next year?

Health and happiness, whatever curveballs may come.

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What positive changes have you seen across financial services / money management this year?  

With the realisation that we haven't saved or invested enough, following Covid, came growth in investment options from fractional investing in things that matter to you or are familiar to you (although it pays to check their business model before signing up), to an awareness of the potential vulnerability for people once the Covid safety nets have been taken away, to a surge in peer to peer and account to account payments, all supported by evolving regulations and a desire to serve the underserved. There has also been a surge in teen offerings, community offerings and a general commitment to financial wellness and education for now and future generations.

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How has your relationship with saving and investing changed?

Over the years it's gone from 'live for today' in my 20s and 30s to taking a substantial hit in the Financial Crisis, which focused the mind on becoming debt free and more asset rich, to more planning and getting into the detail for the life stage I'm in now and where the next twenty years might take me. I should have been more stern with my younger self! but we are where we are so time to take advantage of the technology that can help me now.

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What’s your favourite money management tool?

I'm going to say that there is not one tool specifically, but I like the goal-based investing and saving features and tools that come with visual dashboards, as they appear in some of the new banks like MyAhmed and Pennyworth. Having a cohesive plan and view makes it easier - and more rewarding - to set and achieve financial goals.
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Any goals for next year?

To get as many FIs on board with supporting those who may be financially vulnerable, To continue to actively educate SME owners about the full spectrum of funding they need to consider. To consolidate some of my own assets with an eye on the mid and long-term future, which might include exploring sunnier climes!

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According to research from the Economist intelligence Unit, “65% of global banking executives believe branch-based banking will be “dead” within five years”. What does this mean for the traditional way banks have been operating and supporting their customers? Well, according to this newly published report, 4 in 5 bankers believe that tech-enabled, inclusive ecosystems where the customer is the king will be the new way forward.

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A digital investment platform, such as the Nucoro platform, allows banks to future proof their business by offering flexible, customer-centric, hyper automated propositions that suit their needs whilst keeping costs to a minimum.

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