Contis research: High Street banks must partner with FinTechs

Published: June 1, 2019
Read articleContact us

Positive Male Customer Services Agent With Headset Working In A Call Center

As quoted from Fintech Magazine on 1st June 2019:

New research from fintech organisation Contis has stressed that high street banks must ‘innovate or die’.

The report found that 25% of UK consumers feel the traditional high street bank will be ‘dead’ within five years. Indeed, 40% of millennials either said that physical high street branches have either already had their day, or will disappear by 2025.

The report pointed to changing consumer expectations, in particular regarding technology, with 68% of consumers saying they want the same level of digital services from larger banks currently provided by challenger banks such as Monzo.

The research was done by Censuswide for Contis, and involved surveying 2,000 consumers. The report has been put together ahead of Money20/20 Europe, where Contis will exhibit.

https://www.fintechmagazine.com/fintech/contis-research-high-street-banks-must-partner-fintechs

By: Bhavik Gohil
Published: June 1, 2019
Categories: Blog

Subscribe to our monthly newsletter

Archives

Contis Platform

Build your own solution from the most comprehensive banking-as-a-service platform in the market.

Embed next-generation payments technology at the heart of your business with our APIs.

Accounts & Features

Safeguarded, feature-rich accounts – Cardless ATM, budgeting tools, mobile app, etc

Cards Issuing

Visa or Mastercard, physical or virtual, debit or prepaid. Tokenisation, biometric, eco-friendly, and metal cards available

Card Processing

In house, EEA-wide with fully transparent fees with a market-leading 99.99% platform uptime

Payment Rails

Including Faster Payments, SEPA, BACS, CHAPS Direct Debit and Peer-to-Peer payments

Services

Customer support, compliance (KYC, SCA), rewards, fraud management and professional services

Featured

Faster Payments

Quick transactions through a user-friendly API. Completely scalable and flexible to your organization’s needs

Buffer

Award-winning paytech. Convert any asset to fiat automatically at point of sale to spend it instantly.

Contis Solutions

Explore industry-specific solutions and high-impact use cases from our modular Banking-as-a-Service platform.

Rapidly launch account, cards and payments services – whatever your business.

By Use Case

Challenge the Banks

Built on our modular e-money platform, get to market in weeks with next-gen accounts, cards, and skinnable app

Next-gen Crypto Debit Cards

No fees, no card loading, just frictionless instant crypto spending

Ecosystem Payments (P2P)

Keep and reward your customers in your own ecosystem with peer-to-peer payments and incentives

Instant Payments

Use virtual and physical cards or accounts to provide instant loan or insurance payments

Embedded Finance

Almost any business can integrate customer-facing financial services in just a matter of weeks

By Industry

Insurance

We offer virtual cards and Faster Payments for instant claims, with greater control and data available for both client and customer

Banks

Contis replaces obsolete systems through our real-time, cloud-based platform, and rapidly adds cutting-edge cards and payments services

Building Societies

We work with over 150 Credit Unions and Building Societies to bring secure next-generation banking services to all of society

International Banks

Contis enables international banks to seize revenue opportunities in Europe through payments and cards services

Fintechs

We provide the backbone and licensing for account and card payment functions, getting fintechs to market in record time