Financial advising is a very serious business, but everyone has heard about friends that trust the “wise” tip from the know-it-all relative about investments, pensions or fiscal impact. Technology says that it might have a possible solution.
User experience in the world of online banking is a keystone in the path to success. The digital customer demands a simple and intuitive process to access their usual financial services.
BBVA’s Digital Transformation program received a vote of approval from its peers when Teppo Paavola, Head of New Digital Business, was named ‘Personality of the Year’ in The Digital Banking Club (TDBC) Power 50 – nominated by the TDBC’s 8,000 – plus members from across European financial services. Teppo was joined in the Power 50 – described as the ‘The Who’s Who of European Digital Banking’ – by Derek White, BBVA’s Global Head of Customer Solutions.
Anthony Thomson, founder of Atom Bank, is absolutely clear about his career goal: He wants to redefine customers’ everyday relationship with money, he wants to improve it. He is aware that the financial sector is in the midst of a revolution marked by an unstoppable wave of disruption. “The first change is that money is data and data are the main product of our business” he said during his address in South Summit, where he unveiled three essential challenges that all companies must face to survive in this paradigm shift.
Simple, the US-based technology company that’s changing the way people bank, today announced the beta of Simple Shared – an account for people with shared financial goals. Open for waitlist registration here , Simple Shared allows two people – whether romantically involved, good friends or just backpacking buddies – to use Simple’s unique features like Safe-to-Spend and Goals to help them reach their dreams.
The lives of businesspeople are very tough, we know. That’s why BBVA makes a big effort to make their life easier: it’s the revolution of small things. Imagine yourself advancing your invoices after going for a stroll in Central Park or making transfers while you wait to go up to the Eiffel Tower. With one hand you can enjoy some delicious fish and chips while with the other you browse to find out about the status of your orders.
It is not easy to start out in the financial technology sector and be successful on your first try. Investment is important to be able to implement ambitious projects and ideas, but startups also need quality products and services, knowledge of regulations and should avoid underestimating the complexity of the target market.