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News and resources on cyber and physical threats to banks and fintechs worldwide.

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Expert opinions

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

EUBWs are extremely important for NIS2

We all know that Business wallets are the only efficient way to counter fraud in banking - as discussed in the Mobey Forum meeting in Dublin today. We also know that Business wallets are needed to take AI-agents in use - also to take part in fight against cyber-crime costing 11 trillion dollars a year - and rising. We also now that PQC-capable bus...

/security /identity Digital Identity Management

Chris Brown

Chris Brown CTO at Trusek AND Authentiq8 Me

FIDO2 Was a Game-Changer—But It Can’t Be the Finish Line in Authentication

Fast IDentity Online 2 (FIDO2) was the second iteration of a standard released by the FIDO Alliance and World Wide Web Consortium (W3C). It was designed to replace passwords as a means of authentication on the internet with cryptographic logins using device biometrics or security keys. When FIDO2 came onto the scene in 2018, it promised to bring u...

/security /identity Biometrics

Paul Holt

Paul Holt EMEA Group Vice President at Digicert

How to improve trust and reduce risk with the X9 PKI Framework

In the fast-evolving digital landscape, financial institutions face increasing complexity and risk in managing their public key infrastructure (PKI). With rising cyber threats and regulatory scrutiny, the need for a more agile, transparent, and secure cryptographic framework has never been greater. The ANSI X9 committee’s work to establish a sta

/security /identity Digital Identity Management

George Ralchev

George Ralchev Group Head of Risk Management at emerchantpay

Debunking synthetic identity fraud: a growing threat to payment security

As digital payments continue to evolve, so too do the threats that accompany them. Synthetic identity fraud is a complex and rapidly growing form of financial crime that’s increasingly difficult to detect using traditional methods. With global fraud rates rising and criminals leveraging technology to exploit system weaknesses, it’s imperative tha

/security /payments The Payments Business

Paul Shumsky

Paul Shumsky Founder at @Finpace.tech

MCP as the Foundation for Secure and Agile Banking Partnerships

Banks today face a persistent dilemma. On one hand, they must adapt to the market conditions quickly integrating new partners, responding to evolving regulations, and launching products faster than before. On the other, every integration risks exposing the most sensitive parts of their infrastructure. Too often, the result is delay, added cost, or...

/ai /security Banking Architecture

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Research

Future of Report

The Future of Cross Border Payments 2026: Strategies for Success

A special edition for Sibos Europe 2025 The pace of the financial industry is unrivalled. The cross-border payments landscape is rapidly evolving and maturing as emerging technologies develop, new regulations come into play, fraud dominates, and global consumers demand instant payments.  How is the industry responding to these changes, and what strategies are banking experts and leaders deploying to combat the onslaught of challenges as the future draws nearer? Sibos 2025 in Frankfurt will be a forum for conversation on the next steps for the financial sector, and how to conquer the next frontier of global finance.  This Finextra report analyses key innovations, explorations, and sentiments on the cross-border payments landscape, featuring key insights from Absa CIB, BNY, Crown Agents Bank, Commerzbank, the Financial Conduct Authority, FV Bank, HSBC, ING, Januar, JP Morgan, National Australian Bank, RBI, Santander, Société Générale, Standard Bank, Standard Chartered, State Street, and ZA Bank. It discusses:  Agentic AI and GenAI revolutionising cross-border payments;  The implications of a post-ISO 20022 migration world;  How banks are future-proofing their cross-border payments frameworks;  Financial crime and fraud prevention in payments;  The digital transition to cloud native infrastructure;  Challenges and opportunities in instant payments;  How rapidly emerging technologies will define the future of cross-border payments. 

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Event Report

Modern onboarding: Optimising KYC through data integration and AI

The integration of technology and data continuity, combined with digitisation, automation, and AI, is revolutionising KYC and onboarding in the banking industry.  In today’s fast-paced financial landscape, efficient client onboarding is crucial for operational excellence and effective customer lifecycle management. Financial institutions are increasingly redefining their Know Your Customer (KYC) processes to reduce inefficiencies and enhance the overall customer experience.  Integrating advanced technologies and real-time data processing can significantly accelerate these processes, providing clearer customer insights and reducing complexities. Data integration and AI allow the streamlining of KYC and onboarding procedures, ensuring seamless interactions and improving transaction accuracy and security. By embedding these capabilities within client environments, institutions can facilitate easier access to verified information, fostering trust and long-term business relationships.  This report highlights the key takeaways of a Finextra webinar, hosted in association with NICE Actimize, by a panel of industry experts. Discover:  Today's KYC inefficiencies and challenges;  The impact and importance of data; and  How digitisation, integration, and AI can streamline KYC and onboarding. 

220 downloads

Report

PaaS, cloud and instant payments: Navigating the outsourcing question

Today’s institutions are in some ways faced with far greater challenges than ever before. Be it from the demand for ever-faster services; the pressure of always-on compliance; or the need to remain agile and competitive. Is PaaS the holy grail FIs have been looking for?  Outsourcing payments is an increasingly irresistible proposition for FIs. With end-user demand constantly evolving; real-time requirements on the rise; macro-economic trends becoming ever more unpredictable; and the pressure of regulatory compliance ratcheting up, the provision of proprietary payments has become a thorny pursuit.  Enter the stage: cloud technology. By leveraging modern tools and techniques to build, deploy, run, and manage software in a cloud-computing environment, FIs of all kinds can take advantage of scalability, elasticity, and automation. But the benefits of Payments-as-a-Service (PaaS) can extend beyond these practicalities – serving to revolutionise bank operations, unlock broader efficiencies, and enrich the end-user experience.  Mining this potential, however, obliges institutions to navigate some challenges. First, FIs must understand the potential of cloud-native technology as an engine for modernisation and embrace the cultural shift that is triggered by cuttingedge technologies. It may involve training, testing and concerted integration efforts.  Another key challenge is delegation: which tasks should be handed to third parties, and which should remain in-house? Indeed, when systems evolve, FIs must always keep one eye on compliance. As ever, approach and growth potential are directly impacted by the type and size of the institution in question, so approaches should be tailored.  This Finextra whitepaper, produced in association with FIS, evaluates:  The key considerations when placing client transaction data in the public cloud;  The art of delegation: Determining which tasks to offload;  The role of regulation and compliance; and  A PaaS checklist for finding the right solutions and partnerships.    Register to watch the related Finextra webinar, hosted in association with FIS – PaaS, cloud and instant payments in the spotlight: Overcoming outsourcing challenges

343 downloads

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FinextraTV

How to Maintain Payment Sovereignty in the Face of Change

Providing new insights into the European payments landscape, Marie-Anne Livi , Director of Strategy and Market Relations at Crédit Agricole Payment Services, joined the FinextraTV studio at EBAday 2025 in Paris. Covering a number of areas, Marie-Anne Livi discusses the importance of payment sovereignty and how to retain it to the benefit of client operations, as well as the growth of A2A payment-based wallets as a result.

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Events

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Long reads

Retired Member

Retired Member

The UK’s moment to lead digital verification: A roadmap to economic growth and financial security

Following London Tech Week, the spotlight is on the technologies shaping our future, and one of the most important is digital verification. With more of our lives happening online, from banking to healthcare to everyday shopping, the need for secure, reliable ways to prove who we are has never been greater. That’s why digital verification is high ...

Luke Stubbs

Luke Stubbs Partner at Shoosmiths LLP

Mitigating cyber-risks in outsourcing: Contract strategies for compliance and protection

A clear and present danger In recent years, several prominent UK businesses have faced significant technology and cybersecurity challenges and the consequences of data protection breaches. For example, in October 2023, the Financial Conduct Authority (FCA) fined Equifax over £11 million for failing to manage and monitor the security of UK consumer ...

Dominique Dierks

Dominique Dierks Senior Content Manager at Finextra

Ensuring operational resilience in 2025 – why the status quo no longer works

Operational resilience is on all UK payments leaders’ minds. In 2024, 95% of business leaders stated that they’re aware of operational weaknesses which leave them vulnerable, yet 48% said their organisations aren’t doing enough to improve resilience. The European Union (EU)’s Digital Operational Resilience Act (DORA) – having come into effect on 17...