The Bottom Line

Simon Rose

Recent Posts

Three Things We’ve Learned from the UK in Year One of Open Banking

Posted by Simon Rose on Apr 15, 2019 11:15:00 AM

iStock-1033851708

January marked the one-year anniversary of the Open Banking regulation coming into effect in the UK, making this a good time to step back and assess its progress, or lack thereof. For the uninitiated, Open Banking is seen by financial regulators as a means to spur fintech innovation and foster increased competition in the UK banking market. Its underlying premise is that transactional data is the property of the account holder, and if the consumer or business elects to share such data with a third party, the bank must facilitate its efficient transfer, securely.

Read More

Topics: Technology

Will Emotional Ties to Cash Be Overcome by Convenience of Card Payments?

Posted by Simon Rose on Mar 19, 2019 11:49:41 AM

iStock-1132495612

Our colleagues at SRM Europe in London recently shared with us how fewer people are using cash to pay for goods and service and discussed what critics of a cashless society are saying. In Great Britain, and perhaps the rest of the world, cash holds a unique bond with consumers that may be hard to give up.

Read More

Topics: Technology

What Critics Say about a Cashless Society

Posted by Simon Rose on Feb 17, 2019 9:00:00 AM

iStock-656661412

Our colleagues at SRM Europe in London recently shared with us how fewer people are using cash to pay for goods and services.  In the United Kingdom the thought of a cashless society is not necessarily a welcomed development for some. 

As noted in the previous blog, cards in the UK are continuing to be adopted by more and more consumers because they are more convenient and, in many cases, safer than carrying cash.  Due to these benefits the use of payment cards to purchase goods and services will continue to climb, However, some feel that this progression toward a cashless society is everything but harmless.  Here are their reasons why.

Read More

Topics: Technology

Across the Pond, a Cashless Society is the Trend

Posted by Simon Rose on Feb 11, 2019 9:45:00 AM

iStock-522477922

Most know that fewer and fewer people are using cash to pay for goods and services.  The actual rate of decline and habits around the use of cash or payment cards varies from country to country.  Our colleagues across the pond at SRM Europe in London recently shared with us how this trend is manifesting in the United Kingdom and why the thought of a cashless society is not necessarily a welcomed development for some. 

Read More

Topics: Technology