It has become something of a truism in the banking industry: the rise of innovative fintech solutions are posing an ever-growing risk to the established banking business models.
Is this really the case? Banking customers are notoriously resistant to change, with the ‘big five’ banks – Barclays, HSBC, Lloyds, Royal Bank of Scotland and Santander UK – still accounting for 80 percent of the UK retail banking market. In short, we have yet to see a true challenger bank break up the established order in the banking sector.
Vipera (LON:VIP) is a true pioneer; present at the dawn of mobile banking over a decade ago, enabling the first steps taken by banks to provide a smartphone based customer experience.
Today Vipera’s proprietary bank-grade platform Motif powers over 4 million apps across the globe for the world’s leading banks & retailers, enabling mobile banking, mobile payments and mobile marketing at the frontier of market possibilities.