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.
Last week the UK Consumer Association, Which, lodged a super complaint with the UK Financial Conduct Authority and the Payments Services Regulator over the lack of consumer redress for credit transfe...
Complying with new regulation is a challenge in its own right, that may require firms to have to rethink the way in which they conduct their business processes to meet these new expectations. However,...
Payment Switch is a complex fabric in which functionality and technicality are intricately woven to provide a solid platform to deliver ever increasing different type of payment services with high t
Keeping a trading journal is a smart strategy to enhance performance and gain confidence in executions. Success in forex trading requires a high level of planning and practice. To be consistently succ...
Financial institutions continue to face increasing pressure in a highly regulated landscape, including an ever-increasing and regular requirement for model validation in the context of ECB requirement...
Money laundering crimes, when discovered, are dealt with a heavy hand by law enforcement authorities. Record penalties and fines have been imposed on some of the world’s largest institutions held re
Reconciliation in corporate banking is very critical to manage the cash management. The reconciliation is process of matching two sets of corresponding transaction data which finally needs to be in ag...
Last month, following almost two years of consultation, the Competition and Markets Authority (CMA) announced its final recommendations of reform to the retail banking sector. There had been much deba...
Artificial Intelligence (AI) is a discipline that has been revived. In the 1980s Artificial Intelligence and Expert systems were very fashionable and the British Computer Society had an Expert Systems...
If you could authenticate online payments with a press of your finger, a quick selfie or an iris scan instead of using a traditional password, would you? Advances in payment technology not only have ...
There are a number of key challenges that are facing the financial services industry, which present companies in this sector with a ‘burning platform’ with which can help to drive transformational cha...
Corporates keeps on facing challenges in dealing with their AR, specially on the reconciliation of the receiving transaction. An absence of remitter’s information on approaching receipts coming in com...