FinTechNomad

Although Revolut isn't a 'real' bank yet, they've come a long way from the multicurrency FX spending card back then 💳 While being an Electronic Money Institution isn't so bad (judging from Revolut's growth journey), a banking licence should unlock more growth opportunities. Learn more about the differences between EMIs and banks here: https://lnkd.in/g7Kkv_7b #FinTechNomad #FinTech #Revolut #Bank #Banking #EMI #Regulations #Compliance #Strategy #Growth #Innovation

Are you looking for a starter guide for financial market data? Trust me. Good read. No lies. 😎 Read more here: https://lnkd.in/gHqEnRvY #FinTechNomad #FinTech #Investing #Finance #Trading #StockMarket #Stocks #NASDAQ #NYSE #LSEG #StockExchange #RetailInvesting #AlgoTrading #Data #DataEngineering #Technology #Innovation

Commission-free trading is good news for retail investors and traders - but not the brokerages… ☠ Not only are commissions dropping overall, but the retail crowd is also trading less due to the increasing adoption of passive investing. Brokers are making less money per trade and are finding new ways to diversify their revenue streams, to varying degrees of success. Read more here: https://lnkd.in/ekJTKJ3m #FinTechNomad #Finance #StockMarket #FinTech #Investing #Innovation #FinancialServices #Trading

From now on, financial institutions cannot set unjustified prices on their financial services anymore 💷 The Financial Conduct Authority's Consumer Duty guidelines require firms to conduct 'value assessments' to justify the benefits and utility of a financial product. Unreasonable exit fees would be scraped too! 🎊 Learn more about the specifics of the guidelines surrounding Price and Value here: https://lnkd.in/esh2Bbbj #FinTechNomad #FinancialServices #Finance #Money #FinancialConductAuthority #Regulation #Compliance #FinTech #Fees #Transparency #Pricing

Communication has always been key. 🗝 But financial marketing and promotions aren't always... truthful? Financial institutions regulated by the Financial Conduct Authority must start reviewing customer communications to ensure that they are purposeful, timely, clear and accurate. These guidelines set out in the Consumer Duty aims to provide relevant information to retail customers, enabling them to make informed decisions. Read more on this here: https://lnkd.in/eHk84JWZ #FinTechNomad #FinancialServices #Finance #Money #FinancialConductAuthority #Regulation #Compliance #FinTech #Marketing #Sales #Distribution

The Financial Conduct Authority's Consumer Duty specifically calls out the exploitation of behavioural biases and the creation of intentional friction points 😡 Financial firms should help retail customers achieve their financial outcomes through products that are beneficial, customised to their needs and protects them from foreseeable harm. Read more on Ethical Product Design, with reference to the FCA's Consumer Duty here: https://lnkd.in/e7EhC74H #FinTechNomad #FinancialServices #Finance #Money #FinancialConductAuthority #Regulation #Compliance #FinTech #ProductDesign #InclusiveDesign #UserExperience #UX

There are 21 days left for UK-regulated financial firms to comply with the Financial Conduct Authority's second Consumer Duty deadline. 💀 Firms are expected to think in the shoes of retail customers, be ethical and reasonable when complying with the Duty. This framework would transform how products are designed, priced and marketed to retail customers. 🚀 Read more on an overview of the Consumer Duty here: https://lnkd.in/eBdMYdN3 Follow-up blog posts on Product Design, Fair Pricing and Presentation can also be found in the overview or my Medium profile! #FinTechNomad #UserExperience #ConsumerDuty #FCA #Regulation #Compliance #FinTech #Finance #FinancialServices #ConsumerProtection #Retail

The Financial Conduct Authority has made it very clear on how firms should ideally treat its retail customers 👨👩👧👦. The Consumer Duty will likely dictate how both incumbent institutions and FinTechs go about with Product Design, Partnerships, Pricing and more. Stay tuned for more blog posts around these topics! 📚 In the meantime, here's a 4 min read on the basics of the Consumer Duty: https://lnkd.in/erfAVauE #FinTechNomad #FinTech #FinancialRegulation #FCA #Compliance #ConsumerDuty #Finance #Money #Investing

The Financial Conduct Authority recently shared their experiment on gamification and trading apps. 🕹 The results are as expected (e.g. push notifications increased trading frequency) and suggest that gamification in finance is working well, a little too well. Read more on the regulatory scrutiny on trading apps here: https://lnkd.in/gHEWQEXQ #FinTechNomad #FinTech #Trading #Investing #RetailInvestors #Finance #Money #StockMarket #Crypto #Robinhood #Webull #Trading212 #Freetrade

Many investors shy away from leverage because they've been burned themselves or see it as too risky. If used correctly, however, they can belong in your portfolio. 📈 Belong is the UK's newest investment platform bringing diversified, leveraged investing to the masses. Retail investors usually only have access to variable and complicated margin loans from brokerages. Belong's fixed-term Boost Loans could be more suitable for such a long-term strategy. Read more here: https://lnkd.in/eJthwYHp #FinTechNomad #FinTech #WealthTech #Investing #Leverage #Diversification #PersonalFinance #Money