Amazon entered the Indian fintech market back in 2016 with its Amazon Pay e-walletSince then, the tech juggernaut has expanded its fintech product range to include a variety of services, including now insurance and gold investment productsThe Indian digital payments market is slated to be worth US$135 billion by 2023

What is the relationship between financial returns of firms and their scores on sustainability issues? A white paper by Refinitiv and Probability & Partners analyzes the relationship between Refinitiv ESG scores of large cap firms and their financial performance.

There are three reasons you’ve likely ended up on this blog post:

1. You and your organization are looking to embark on a digital transformation journey. 2. Your organization has tried to implement digital transformation initiatives and has not been able to realize value. 3. Your digital transformation efforts have failed and you’re looking for a reset.

Whatever your reason for being here – or stage of digital transformation (DX) your company is in – defining a digital transformation strategy is a crucial step in the process.

Companies of all sizes are seeing enviable business outcomes from digital transformation efforts, such as product and service improvement and innovation, operational efficiency, and increased agility across the value chain.

But the path to value starts with defining a strategy for your specific business needs and desired outcomes. Let’s start with a definition:

Image source: Chip CEO Simon Rabin

Fintech savings app Chip is aiming to become the UK’s next unicorn as it heads for its Series A, including a £10m crowdfunding round. 

Chip raised £7m back in November 2019. Since then it has boomed thanks in part to a higher demand for savings and investment services during lockdown. 

The new funding round, AltFi understands, will value the fintech between £100-200m.  

Simon Rabin, Chip's CEO and founder told AltFi last week that the fintech sector has been focused on banking and spending apps such as Monzo and Revolut in recent years but there is still an “absolutely enormous opportunity” to provide that same level of consumer-focused experience for savings and investments products. 

“That just doesn't exist right now but is an incredibly exciting opportunity,” he said. 

Such a gap leaves the potential...

A new Refinitiv webinar unpacks the regulatory trends and attendant challenges that are shaping the financial services industry in 2020 and beyond. What steps will banks and financial institutions need to take to adapt to this regulation?

On 26 August 2020, United Nations Secretary-General António Guterres, together with Co-Chairs Achim Steiner and Maria Ramos, launched the report of the Task Force, People’s Money: Harnessing Digitalization to Finance a Sustainable Future.

The Task Force was established by the Secretary General as part of his broader Roadmap for Financing the 2030 Agenda for Sustainable Development: 2019-2021. Its mandate: to catalyse and recommend ways to harness digital financing to accelerate the financing of the Sustainable Development Goals. It brought together 17 leaders from finance, technology, policy, regulation and international development, who through their work together, engaged in dozens of countries and with hundreds of experts and institutions over an 18 month period.

The Task Force’s findings point to digital disruption as an historic opportunity to reshape finance. Digitalization can have a transformative impact by empowering people as savers,...

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Over the past decade, a combination of the digitalization of consumers’ everyday interactions and exponential advances in smartphone technologies has transformed the payments and banking spaces. Then along came the Coronavirus pandemic, which shifted digital banking into high gear by forcing consumers to interact with their banks virtually. “Banking has changed irrevocably as a result of the pandemic,” Jane Fraser, President of Citi and CEO of its Global Consumer Banking division, told Forbes. “The pivot to digital has been supercharged.”

In fact, the World Retail Banking Report 2020 reported an almost 10 percent increase in consumers’ preference for internet banking since the start of COVID-19, a shift that many industry experts say is likely to be sticky. Case in point: A study by Novantas showed that only 40 percent of those surveyed expected to return to bank branches post-pandemic.

Of course, no one knows for sure exactly what the future holds, but one...

Saeed Amen, a quant and co-author of The Book of Alternative Data (published in July), describes why the concept of understanding point-in-time data is crucial when it comes to performing historical analysis of the market.

What shape will the recovery take? Will ESG investing come to the fore? Will alternative data help? Post-COVID-19 investment trends were put under the spotlight in a Refinitiv-hosted LinkedIn discussion featuring experts from across the business world.

How has the move towards automation been impacted by COVID-19?How has the buy-side and sell-side navigated through the disruption with support from the platforms?How to use transaction cost analysis to improve Auto-Execution.Lessons learned from recent market volatility and disruption.

What is the relationship between financial returns of firms and their scores on sustainability issues? A white paper by Refinitiv and Probability & Partners analyzes the relationship between Refinitiv ESG scores of large cap firms and their financial performance.