Latest opinions that Nick Green has shared on Finextra

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Nick Green

Director

Purple Patch Broking Ltd

Member since

07 Dec 2020

Location

Stratford-Upon-Avon

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Nick's opinions

Fintech hot topic: A review of the EU consumer credit directive and impact on BNPL

Today, consumers can easily apply for credit online through innovative credit solutions like buy now pay later (BNPL). But consumers need to know what they are signing up for and how much they eventually have to repay. This is what’s sparked regulatory reviews. To bring more clarity to consumer credit, the Council and European Parliament have re...

16 December 2022 /regulation /retail Fintech

What does the FCA credit information interim report mean for fintechs?

The FCA wants to see a higher quality of credit information and is taking steps to improve the sector. In light of this, the FCA recently published the long-awaited interim findings from its credit information market study. But is the report addressing the key challenges originally identified? What’s fallen through the cracks so far? And is the fu...

13 December 2022 /regulation /retail Fintech

How fintechs can regain control of bureau costs during economic uncertainty

Like all other businesses, fintechs are entering the planning and budgeting season at a time of high economic uncertainty. The difference is, all credit providers are being relied on to support consumers and the economy. So, whilst cutting back on certain costs – such as operations – is not an option, there is one quick win fintechs can take adva

23 November 2022 /regulation /retail Financial Supply Chain

How consumers are likely to fund Christmas amongst cost of living crisis (hint: BNPL

According to the Bank of England, consumer credit is at its highest rate since March 2019. With the cost of living crisis and now the run-up to Christmas, we're expecting to see more consumers look to credit. But in particular, alternative finance and fintech BNPL providers. In this blog, we’ll look at how we expect consumers to weigh-up credit op...

22 November 2022 /regulation /retail BNPL

Case study: Why fintechs are turning to data benchmarking to cut costs

During economic uncertainty, fintechs and all other credit providers face a very different landscape. The real risk of global and national recessions means that net interest margins are wafer-thin. Business as usual (BAU) costs are unusually high. Ultimately thriving in an uncertain environment with shrinking margins, increasing competition, and d...

20 October 2022 /regulation /retail Fintech

How fintechs are negotiating RPI-linked reductions in bureau data contracts

While the consumer price index measure of inflation hit 9.9% in the year to August 2022, marking a small fall, following a 40-year-high of 10.1% in July – it is still well above the Bank of England’s 2% target. The squeeze on business operating costs is also reflected in the latest retail prices index (RPI), as it hit 12.3%. Fintechs are absorbing...

18 October 2022 /payments /retail Financial Supply Chain

Data benchmarking: A strategic approach to cost reduction for banks and fintechs

As we enter a downturn, credit providers are confronted by a landscape that looks and feels very different from before. The real risk of global and national recessions means that net interest margins are wafer-thin. At the same time business as usual (BAU) costs are unusually high for banks and fintechs. From IT investments to the cost of utilitie

20 September 2022 /regulation /retail Fintech

6 top tips for Fintechs to improve collaboration for better credit data and cost savings

In 2022’s disrupted market, supply chain collaboration is more important than ever. However, the majority of Fintechs lack the tools, visibility and organisational structures to enable effective collaboration in bureau supply chain management. Yet collaboration is key. In fact, McKinsey identifies collaboration and coordination across the supply...

18 August 2022 /regulation /retail Fintech

How collaborative procurement creates cost savings for credit providers

Credit and procurement teams are now facing a huge number of pressures when it comes to delivering the best customer service while cutting costs internally at the same time. The rising costs of utilities and fuel combined with low interest rates and unsustainable cost-income ratios means that organisations need to look to cut costs without comprom...

21 July 2022 /regulation /retail Financial Supply Chain

Can Fintechs find cost savings hidden in plain sight?

Cost savings for fintechs have always been important but in the current economic climate and in the wake of the COVID-19 pandemic, it has become increasingly important to save costs where possible. Fintechs who can effectively save costs without impacting customer experience will have the ability to compete on price and value with competitors whil...

14 July 2022 /regulation /retail Fintech

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