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Expert opinions

Konstantin Dubovitskiy

Konstantin Dubovitskiy Sr. Account Executive at Checkbook.io

ISO 20022, ISO 8583 and STP

This article will cover the message standards used to communicate information about payments. What kind of information can be included in those messages, what are the requirements, which operators are using this standard, who is lagging behind and why it might be important to you. Spoiler - it might not be important for your day-to-day w...

/payments /regulation Frictionless Payments

Shikko Nijland

Shikko Nijland CEO at INNOPAY Oliver Wyman

The Drift Paradox: Agentic AI will force FS to prepare for Continuous Realignment

The Drift Paradox: Agentic AI will force FS to prepare for Continuous Realignment Financial services has spent years preparing for “AI drift,” usually defined as models losing accuracy over time. This definition made sense when AI was mostly predictive and static. But the industry is now entering a different regime: agentic AI — systems that observ...

/ai /payments Artificial Intelligence and Financial Services

Chris Holmes

Chris Holmes Managing Director at PayTech Consulting

Are false declines costing you more than actual fraud?

False declines are legitimate debit and credit card transactions that are declined due to overly sensitive fraud detection methods and algorithms. This can be a big deal for merchants and banks alike. A recent JP Morgan Payments and Data Intelligence article reported that, while actual fraud loses represent an estimated 7% of the total cost of fr...

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John Bertrand

John Bertrand MD at Tec 8 Limited

UK's Critical Turning Point in the Fight Against Financial Crime

Financial fraud has become one of the UK’s most damaging, persistent, and underestimated national threats. The appointment of the UK’s first Fraud Minister marks a decisive moment—one that could, if executed effectively, reshape the country’s economic resilience, restore its global leadership in financial services, and provide meaningful protectio...

/payments /crime The future of Payments in Europe

James Richardson

James Richardson Global Head of Solutions at Bottomline

The Clock Has Struck: Navigating the UK’s 'Failure to Prevent Fraud' Offence

The UK’s ‘Failure to Prevent Fraud’ offence, which took effect last month, introduces a new layer of liability for large organisations, including financial institutions and businesses. It holds them responsible for fraud committed by their employees, agents, or other “associated persons”, marking a fundamental change in how organisations must mana...

/payments /regulation Financial Services Regulation

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Research

Event Report

Holistic banking platform modernisation: Balancing innovation and business continuity

How banks are moving from core modernisation to end-to-end transformation.  Over the last decade, many financial institutions have started expecting that the terms modernisation means having to modernise the core – yet this believe does not stand the test of time as innovation continues to shift expectations. While many organisations now have modern, real-time cores yet struggle with other aspects, such as integrations or digital experiences.  So how can financial institutions peel back the layers to ensure true end-to-end transformation? And how can this innovation can be achieved in a resilient manner? Whether organisations look to leverage AI, APIs, robotic process automation (RPA), or cloud computing, it's crucial that these next-generation tools are seamlessly integrated into existing systems.  This report highlights the key takeaways of a Finextra webinar, hosted in association with FIS, by a panel of industry experts. We discuss:  The shift away from core modernisation;  The key obstacles to achieving end-to-end transformation;  How APIs can be leveraged most effectively;  How financial organisations can balance innovation with business continuity. 

52 downloads

Event Report

Modernising liquidity management for real-time banking

The rapid adoption of real-time payments is fundamentally transforming the financial services landscape, creating both new challenges and significant opportunities for banks and their corporate clients. As the industry moves beyond traditional, batch-based processes, financial institutions are under increasing pressure to modernise their liquidity management systems and embrace advanced technologies to remain resilient and competitive in a 24/7, real-time environment.  Success in this dynamic market now hinges on the ability to adapt swiftly and strategically. By investing in robust APIs and real-time data integration tools, banks can achieve greater visibility and control over liquidity positions, streamline processes, and reduce operational costs.  The integration of artificial intelligence (AI) and machine learning (ML) further elevates operational efficiency, enabling predictive insights, enhanced reliability in payment systems, and improved customer experiences. These technologies are not just enablers — they are becoming essential for maintaining financial stability and meeting the evolving demands of clients in an increasingly digital and instant world.  This report highlights the key takeaways of a Finextra webinar, hosted in association with Tietoevry, by a panel of industry experts. Discover:  The shortfalls of liquidity systems in a real-time world;  An examination of the bank - corporate relationship;  Why APIs and AI are game changers. 

152 downloads

Event Report

Tackling the next ISO 20022 milestone: Structured addresses

Unstructured address data will be phased out in November 2026. What do banks need to do to prepare?  The first critical ISO 20022 deadline is upon us in November 2025, as the CBPR+ coexistence period ends. However, the transition does not stop there and the next migration is right ahead: from unstructured to structured addresses. Whereas traditionally, addresses could be entered both in both structured and unstructured formats, in November 2025, a hybrid option will become available. In November 2026, unstructured address formats will be phased out. Migrating to ISO 20022 structured addresses offers banks a strategic opportunity to modernise their payments infrastructure. However, this transition demands a comprehensive overhaul of address data management, storage, and utilisation across systems. This report highlights the key takeaways of a Finextra webinar, hosted in association with RedCompass Labs, by a panel of industry experts. Discover:  Industry readiness for the ISO 20022 structured address migration;  How banks can create strong data strategies;  The roadmap toward structured addresses; and  How to overcome the key migration challenges. 

206 downloads

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FinextraTV

No Lone Wolves: Sustaining a Modern Ecosystem Through Radical Collaboration

Joining FinextraTV at the SBS Summit in Paris, Meredith Stowell, Vice President, Ecosystem, IBM discussed the importance of collaboration as a key strategy. Labelling collaboration as essential, Stowell stressed that with the critical nature of the technological ecosystems, no company or individual can stay ahead of the game alone. From open-source communities to win-win-win approaches, Stowell calls for radical collaboration that pushes for partnerships with intentionality and diversity.

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Events

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Long reads

Hamish Monk

Hamish Monk Senior Reporter at Finextra

Black Friday bargains: What’s so bad about BNPL?

With the US-inspired Black Friday discount day set for 28th November, Cyber Monday on 1st December, and a flurry of festive spending expected in the runup to Christmas, Q4 2025 will be a bumper quarter for Buy-Now-Pay-Later (BNPL) schemes. Black Friday shoppers, however, have been urged to be prudent when it comes to BNPL offers at checkout, given ...

Dominique Dierks

Dominique Dierks Senior Content Manager at Finextra

‘Tis the season for holiday scams: How to stay safe and shop smart

The holiday season brings joy, celebration and a surge in online shopping. But as consumers hunt for thoughtful gifts, the latest tech, and the best deals, scammers are also busy — making Black Friday and Christmas one of the riskiest times for fraud. And with digital commerce booming, the threat landscape is evolving faster than ever before. To u...

Hamish Monk

Hamish Monk Senior Reporter at Finextra

What are Faster Payments?

The UK’s Faster Payments service is back under the spotlight, with the Bank of England (BoE) recently being handed the reins of a long-overdue reform of the UK’s retail payments infrastructure – following years of faltering progress under Pay UK. The move came after Governor Andrew Bailey issued a call for urgent infrastructural modernisation in hi...