LATEST: Tomorrow

The amount of credit consumers have access to is increasing. "The average British adult owns three credit cards with a total credit limit of approximately £10,000 available to them across these". Worryingly the increased cost of living could increase the volume of people utilising their credit lines and those falling into financial difficulty.

Originally posted on LinkedIn 

LATEST: Today

Smartphones will replace the bank branches.

Apps are set to overtake branch visits in the next few years. There were about 5.5 billion log-ins to banking apps in 2017 which is a 13{195e7dccdc58a84448fae5161ed7869462365079e478a8af10075100f29d800d} rise on 2016.

It has also been predicted that 72{195e7dccdc58a84448fae5161ed7869462365079e478a8af10075100f29d800d} (35 million) of the UK adults will bank via a phone app by 2023.

Originally posted on linkedin

LATEST: Today

"There’s a dark side to fraud and it continues to rise. 2017 saw an all-time high of 174,523 cases, equaling roughly 500 per day. 95{195e7dccdc58a84448fae5161ed7869462365079e478a8af10075100f29d800d} of identity fraud cases involved the impersonation of an innocent victim"

Great article from Francesca explaining the importance of protecting yourself against identity theft.

Originally posted on linkedin

LATEST: Today

Pretty awesome use of technology from Google with their AI assistance program. Google Duplex is an AI system developed to complete tasks over the phone. The amazing thing is the recipient of the phone call is completely unaware it's an AI program and experiences a seamless phone call.

Interesting to see how this technology develops in the areas of home, car and personal assistance technology as well the commercial space like call centres.

Originally posted on linkedin

LATEST: Today

Google has announced it's rolling out Google Pay on the web. This will allow users to make easy payments directly from their browser. Google Pay will also work on all browsers including Chrome, Firefox and Safari.

The faster payment functionality will mean your details are stored but you can also make filling forms and shipping details by using Chrome.

Originally posted on linkedin