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Expert opinions Last 7 days total 48

Mike Dekock

Mike Dekock Founder and CEO at MJD Advisors

Thoughtful Risk Assessments: Empowering Innovation and Security

It’s easy to understand how an annual risk assessment can feel like a mundane administrative burden, especially in the fast-paced financial services sector. In an industry where the stakes are high, the pace relentless, and customer trust paramount, it’s tempting to reduce this essential exercise to checking a box. The idea of formally evaluating ...

/ai /regulation Artificial Intelligence

Darren Cran

Darren Cran CEO at AccountsIQ

The automation advantage: How finance teams can achieve more

Many CFOs are showing a strong commitment to increasing investments in accounting technology to future-proof their finance operations. As highlighted in a recent Gartner report, 92% are planning an increase in such investments. For mid-market businesses, automating the finance function is essential to driving scalable growth in their digital trans...

/ai /people

Karan Jain

Karan Jain Senior Consultant at Cognizant

Climate Change Impact: Unraveling Financial Consequences and identifying opportunities using C-VaR

The impact of climate change is being felt more than ever across different sectors and regions. The financial implications arising from it have been acknowledged by regulatory bodies and governments across the globe and the need to mitigate it. In 2015, the Financial Stability Board (FSB) established the Task Force on Climate-related Financial Di

Paul Chambers

Paul Chambers Product Manager at Xceptor

The path to T plus 1: Why automation is crucial for the UK’s transition to faster settlement

The UK Accelerated Settlement Taskforce’s recent recommendations could mark a fundamental shift for the UK financial markets. By drawing on lessons from North America's T+1 implementation, the taskforce has highlighted that inadequate automation could lead to increased manual workflows and exception handling, creating unnecessary operational s...

/regulation /markets Capital Market Technology

Kajal Kashyap

Kajal Kashyap Business Development Executive at Itio Innovex Pvt. Ltd.

The Power of Payment Gateways in Modern Business

In today’s digital world, businesses are increasingly relying on online transactions to drive growth and reach a global audience. Payment gateways play a crucial role in this transformation, offering a secure, efficient, and seamless way to process payments. Let’s dive deeper into why payment gateways are indispensable for modern businesses. W

/payments /devops

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Riya Rai

Riya Rai Sales Executive at ITIO Innovex Pvt. Ltd.

Devendra Singh Parmar

Devendra Singh Parmar Independent Researcher

Kenan Ayhan

Kenan Ayhan Growth Manager at Fimple

Emils Dzina

Emils Dzina Data Analyst at ChiliLabs

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Research Total research pieces 266

Impact Study

Catering to a new generation though unified card programmes

How Gen Z is changing the payments landscape, why operational costs are soaring, and how a unified card programme can help financial institutions to unlock a competitive advantage and drive growth. Globalisation continues to shape the market as money moves between banks, businesses and even countries quicker and in higher numbers than ever before. Both debit and credit cards remain vital in today’s payment experience but changing consumer demands and the surging popularity of neobanks leave traditional banks fighting for top-of-wallet status.  On one hand, traditional banks are battling surging operational costs. From a functionality point of view, the world is getting smaller. Today, there is not much perceived difference to the consumer between debit cards, credit cards, and prepaid cards. Yet behind the scenes, many banks run each of these products in different platforms and set-ups, each racking up its own costs.  Add to this mix services like personal loans/buy now, pay later (BNPL) schemes and increasing regulatory demands, you have created the perfect storm: Having to bolt on a new, disparate system every time the services are extended – which costs time, money, and adds high regulatory burden.  On the other hand, the consumer expectations of a new generations are shaping the market. Gen Z’s preference for digital, seamless payment methods is changing the financial landscape and traditional banks need to adapt their service offerings in order to match these new demands.  This impact study, produced in association with FIS, explores:  Increasing cost pressures: Why operational costs are soaring  How a new generation is shaping the payments landscape  Tackling change: The benefits of a unified card programme  Case studies: A practical approach to change    Watch the on-demand Finextra webinar with FIS - Unifying card programmes: The cost-reduction imperative  

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Event Report

Sustainable Finance Live – Natural Capital Finance

A Record from the Sustainable Finance Live Conference and Hackathon 2024  On 8 October 2024, Finextra Research and ResponsibleRisk held the annual Sustainable Finance Live hybrid conference and hackathon, in partnership with NayaOne.  The conference took place at Events@ No6 in London, and started off with a welcome from founder of ResponsibleRisk and contributing editor for Finextra, Richard Peers. Peers opened with an introduction outlining the themes and objectives of this year’s event: to understand natural capital risk, pricing, and trade.  The focus areas of the conference were natural capital, agriculture, supply chains, as well as regulation and reporting. The sessions also highlighted highlighting new technologies that are being used to collect nature-related data such as Earth observation and satellite reporting.  Richard Peers, contributing editor at Finextra and founder of ResponsibleRisk, moderated the conference: “What we wanted to do is to put on an event aimed at explaining the landscape of a natural capital transaction, with the associated data providers identified along the way. Ending the process in an asset management trading platform, taking into consideration all the steps that a regulated entity has to undertake, to prove to the financial industry that this can be an asset class, that is as tradable as any other.”  Download a Visual Record of the event below to discover key themes of the event’s panels, keynotes, and hackathon. We cover:  Natural capital trading from field to trade;  How nature financing can be achieved;  The role of data, economic profit, and policy for natural capital;  How to build a sustainable ecosystem using natural value;  Visions and results from the hackathon;  And more. 

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Future of Report

The Future of AI in Financial Services 2025

A special edition for NextGen:AI 2024 Artificial intelligence (AI) has the ability to revolutionise the financial industry making id more efficient, enhance customer experiences, reduce costs, and create new products and services.  AI is transforming how institutions manage risk, intercept fraud or crimes, personalise customer experiences, improve efficiencies across their operations, make investment decisions, and many more use cases which are still being developed.  Some industries have already started to embrace AI and banks can be included in that, but financial services still has room to learn from the developments of other ecosystems. At the same time, the innovation in AI is now being driven by legislation. The EU AI Act came into effect in 2024 and is the most concrete piece of legislation, but other jurisdictions are developing their own and will continue to watch how the EU progresses.  With the new possibilities AI is opening for financial services, there are new risks. Biases, model issues, cyber security, and compliance issues are among some of the hurdles which AI presents to financial institutions. Adding to this are the serious sustainability issues which AI can create for financial institutions planning to use it long term.  This report has been written in collaboration with Box, Innovate Finance, and RedCompass Labs, and contributions from Globant, the United Kingdom House of Lords, ING, NatWest Group, Sumsub, and Smarsh. It explores:  How financial services can embrace AI;  Some of the key emerging AI use cases;  Global legislative outlook for AI;  AI sustainability and energy efficiency;  How AI can transform financial services metadata extraction. 

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Traditional AI Is Not A Reasoning Machine; It’s A Set of Rules

Many have fallen into a belief that AI is a self-thinking entity, but Daniel Szmukler, Director, Euro Banking Association (EBA) discussed with FinextraTV how this was a fallacy. Whilst at Finextra’s inaugural NextGenAI event, Szmukler joined the studio to explain the varying usage of AI across the financial institutions and consumers and, in particular, to assert that traditional AI is a set of rules, not a reasoning machine.

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Níamh Curran

Níamh Curran Senior Reporter at Finextra

How tokenisation can grow e-commerce in 2025

Global retail e-commerce sales are forecast to grow to $6.8 trillion and capture 24% of global retail sales by 2028, according to Forrester. Within this increasingly digitalised economy, consumers are raising their expectations of what they want from a checkout experience. For merchants, cart abandonment due to an unsatisfactory checkout experience...

/payments

Olivia Murphy

Olivia Murphy Managing Associate at Linklaters

How the FCA’s proposed safeguarding rules could re-shape the UK payments industry

The much-anticipated FCA consultation on its safeguarding requirements for payments firms was released at the end of September. In their current form, the proposals are set to have significant impact on the UK payments industry, particularly for some smaller firms and certain business models. What are the safeguarding rules? The safeguarding requi...

/payments

Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

CFPB’s Section 1033: Will US open banking reach its potential?

Just over a month since the US Consumer Financial Protection Bureau released its 'final ruling' on the expansion of the Dodd-Frank Act, the financial services world has now weighed in with a variety of detailed viewpoints on the landmark personal data rights and open banking regulation. Will the new requirements for banking and fintech providers s...

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