Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
Subsequent to a joint discussion paper (3/22 – Operational resilience: Critical third parties to the UK financial sector) published in July 2022, the Bank of England (the Bank), Prudential Regulation...
Artificial intelligence will have a seismic effect on financial services. McKinsey has predicted that AI could deliver a “value-creation opportunity of up to $20 trillion” for banks each year. Accent...
The rise of Buy Now, Pay Later services has brought forward a revolutionary approach to lending. So, how can the appealing features of BNPL be integrated into traditional lending? Considering BNPL is ...
Let’s start saying veterans like me haven’t been surprised that much reading the EPC bulletin on SEPA Migration to the 2019 version of ISO 20022, announcing the decision to postpone the go live. Peopl...
Digital Public Infrastructure (DPI) where in the digital services are offered to the citizens using the underlying digital goods and infrastructure. It is interoperable, enhancing the digital adopti
Compromising quality for speed, trimming services to pinch pennies, and limiting payment options to cut costs may inflate profits momentarily, but they can erode your most valuable asset: customer tru...
Amidst the Digital Age, Cash appears to have made a brief comeback, not unlike the end of the resession in 2008. In a world increasingly dominated by digital payments, the news of a resurgence in cas...
For centuries, we have seen lending and borrowing. Before banks came into picture, people used to borrow from other wealthy person in their vicinity. These loans were taken either to start a business,...
I was thrilled to see the conversations at the recent Digital Asset Week in London shift from the narrative of the last few years, which was a heavy focus on a wide range of Proof of Concepts (POCs), ...
We have seen cloud computing experience exponential growth over the last few years. As this trajectory continues into 2024, we expect enterprises to simultaneously balance innovation with risk managem...
Overview The UK is recognised as one of the largest Wealth Management markets globally. Estimates suggest in excess of £3trn, with £2trn in personal liquid investable financial assets held by individ...
With almost half of UK adults having used BNPL, lenders face a key challenge: the varied data reporting practices among BNPL providers and CRAs. In this piece, we'll explore the rapidly growing BNPL ...