SET Training - Banking and Fintech

The High-Speed Illusion To the average consumer, the act of paying has reached a state of near-magic. A biometric "tap", a mobile swipe, or a background process so integrated it feels invisible—the expectation is simplicity itself. This effortless front-end experience creates a powerful "High-Speed Illusion" of industry-wide mastery. Indeed, global executives perceive payments as the second most innovative industry on the planet (81%), trailing only information technology. However, as any strategic consultant will tell you, simplicity is often the most expensive thing to build. Beneath this "tap and go" surface lies a hidden friction. The industry is currently locked in a high-stakes "push-pull" struggle: the push of real-time rails and AI-driven convenience against the pull of rigid legacy debt and sophisticated fraud. To understand the future of money, we must look past the consumer interface and confront the internal paradoxes that separate th...

This weekend, the streets turned into a scene straight out of a comedy caper as throngs of folks queued up at Barclays' ATMs, all in a bid to snag some 'free cash' thanks to a digital debacle in the bank's mobile and online services. Apparently, when Barclays' tech took an unscheduled nap, TikTok took the stage, turning a technical glitch into the latest treasure hunt! Imagine the chaos—people frantically tapping their phones, only to realize that the real action was happening at the cold, hard, cash-dispensing machines.  It's like the universe decided to give us a live-action version of "Monopoly: Bank Error in Your Favor, Collect £200." I bet there were some folks who thought they'd finally cracked the banking system only to find out they were just part of a viral dance with cash. And let's not forget the poor bank employees, probably thinking, "Well, we wanted to go viral, but not like this!" It's a reminder that in the digital...

Thoughts on fintech, banking, payments, risk management, AI, going green, economics, business and much more… The latest edition is now available - HERE

How "passive income" money-making scams seem to have taken over the world, and the economic implications of such scams.