The UK is swiftly moving towards a new cultural phenomenon – the cashless society. In fact, our latest research^[1] shows, that if given the option, 26% of us would never choose to pay cash when buying an item in a shop and more than a quarter of us (26.35%) find it irritating when we have to pay by cash rather than by card.

Backbase, the fast growing fintech software company, announced it has been named a Leader in the Forrester Wave for Digital Banking Engagement Platforms.

GAFA (Google, Apple, Facebook and Amazon) companies could pose a significantly greater threat to traditional retail banks than existing ‘challenger’ banks and fintech start-ups, according to new research¹. 

In a study of retail bank IT leaders and consumers, undertaken by Peru Consulting, the majority (57%) of IT leaders believe it’s likely that GAFA companies will enter the UK retail banking sector within the next five years.

Coupa Software, a leader in cloud-based spend management, has announced that leading defence electronics company, Hensoldt, has chosen to implement Coupa’s innovative cloud-based spend management solution. The internationally established armaments group, best known for its sensor technology, will roll out the Coupa solution globally across all its locations.

Germany is the most important European future market for US brands expanding their e-commerce business, as established by the “Internationalizing Your Brand in 2017” study commissioned by Arvato and conducted by the Worldwide Business Research Digital agency. For the study, 200 decision-makers were asked in the second quarter of 2017 about their internationalization strategies in Europe. The survey concluded that around a third of the leading US e-commerce retailers were planning to enter the German market in the next four years.

As challenger banks plan for their futures and look to ensure they can weather any Brexit uncertainty, they are now looking at where best to allocate their resources.

Before deciding how to best allocate your resources, it’s important to first understand the needs of your challenger bank.

Here are four of the requirements that most challenger banks will have to contend with.

Keep up with regulatory trends

Sapient Consulting, an integrated network leveraging technology to enable transformation across industries, today announced new research to understand how emerging technologies are transforming data management at buy-side firms.