Posts by Joe McGrath
The ideas man
As competition between banks builds across the UK, Open Banking Magazine caught up with the man leading the FinTech charge for Danske Bank in Northern Ireland. Joe McGrath reports… In December 2018, Danske Bank became the first of the so-called ‘big four’ Northern Irish banks to offer account aggregation in a mobile banking app.…
Read MoreIs ignorance bliss?
A year on from the launch of Open Banking in the UK, consumer adoption rates are low and awareness levels are lower still. Should we be worried, asks Joe McGrath? Getting consumers to buy into the benefits of Open Banking has been a tricky business for British financial groups. A year since the Competition…
Read MoreSurvival of the fittest
Many predict that Open Banking will eventually lead to the end of the retail banks as we know them today, but how are the legacy players protecting their businesses? Joe McGrath investigates… It has been a transformational decade for Europe’s retail banking sector. Vast regulatory changes introduced in the wake of the global financial…
Read MorePayments: The battle for supremacy
Regulation has stimulated a wave of new entrants to the payments space and incumbents are spending big to protect their market share. But who is likely to win out in the battle for supremacy? Joe McGrath and Jenny Turton investigate… Competition in the payments sector is intensifying at breakneck speed. The arrival of the second…
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