The rise of the challenger banks and the customer experience they have been offering has been one of the main points of disruption. Firms from all over the world exist to help resolve the question of tax compliance. TAINA can help banks
Non-banking FinTech companies are on a similar quest – correcting the inefficient elements of traditional financial services have, for many, been a recipe for success. What gives an edge to these firms and startups is that they make the customer experience the focus of their services, as they try to change the narrative around finance and restore the trust that has been lost between customers and service providers.
The findings of UBS' Banking and Financial Services Division are interesting. They reflect the major concerns of their clients as global economies emerge tentatively from the disruption of the pandemic.
“The contactless limit increasing to £100 per transaction will be a useful tool for many people as it is more convenient, speeds up queues, and limits touchpoints to help stop the spread of Covid-19." Ricky Lee - sync.
For instance in August, Gold shot up above 2000 USD per ounce (an all-time high), but then it dropped on the news of the Cure for Covid. Either way Gold is up from the 1200 USD per ounce it was worth in 2018 and it continues to be the safe haven currency of choice for many people.
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