Mike Galarza

The financial crash of 2008 is - like other major global events - a moment in history that has reverberated throughout the last decade. The collapse of economies across the world, triggered by the impact of ‘too big to fail’ bank, Lehman Brothers, caused a massive drop in trust for banks on a global scale. Unfortunately, banks are doing very little to rebuild public trust.

While the 2007-2008 financial crash may seem like a distant memory - albeit one that lurks like an unpleasant smell at the back of the fridge - new regulation caused by the global crisis means that financial businesses, such as banks, are still adjusting to the new lay of the land. If clothing can be a metaphor for business, there is none better than the opposing fashions of bankers in suits and FinTech startup leaders in t-shirts and jeans.

Top Stories Periklis Thivaios presents lessons from the transportation industry, and how they can be applied to banking. The explosive growth of the financial technology industry continued in 2016 thanks to new financial industry trends and a slew of fintech investments. In the fintech industry, startups and entrepreneurs are working hard to bring products and services of the future to the masses today. Banks acting in a manner that leads to distrust of financial services is nothing new.