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[New Impact Study] Bank Legacy Transformation is Not a New Challenge: Exploring the SolutionsFinextra Promoted[New Impact Study] Bank Legacy Transformation is Not a New Challenge: Exploring the Solutions

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Expert opinions

Janine Grainger

Janine Grainger CEO at Easy Crypto

Meme coins: boom, bust and billion-dollar gambles

On January 17, a new meme coin called $Trump was launched by the President-Elect. Within two days, its total market value peaked at over $14.5 billion - only to crash by two-thirds very shortly after this. Reuters reported that the entities behind the coin raked in close to $100 million in trading fees in under two weeks (according to estimates f...

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Naina Rajgopalan

Naina Rajgopalan Content Head at Freo

How Cryptocurrency is Shaping the Future of Online Gaming and Entertainment

Over the last few years, the intersection of cryptocurrency and internet games has sparked a transformative change in the world of entertainment. Ranging from improving anonymity and security to facilitating the emergence of decentralized economies, cryptocurrency has radically changed the manner in which users engage with virtual environments. Th...

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Nkahiseng Ralepeli

Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.

Bybit’s $1.5 Billion Hack: Human Error, Industry Resilience, and Why Crypto Gets Judged Differently

If a bank gets robbed, no one suggests we should stop using money. If a stock exchange suffers a cyberattack, no one argues that traditional finance is inherently flawed. But when a crypto exchange gets hacked? Suddenly, it’s an indictment of the entire industry. Bybit’s recent $1.5 billion hack—the largest in crypto history—is yet another example...

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Simon McLoughlin

Simon McLoughlin CEO at Uphold

Why Stablecoins Will Transform Global Finance in the Next Two Years

In 2024, the stablecoin market grew by 57% and analysts expect the sector’s expansion to accelerate further to reach a total market value of $500 billion in the coming year. And this is just the start. In our view, stablecoins will transform global finance in the next two years, carving out a place for themselves at the heart of the international...

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Carlo R.W. De Meijer

Carlo R.W. De Meijer Owner and Economist at MIFSA

The rise of AI-driven cryptocurrencies: towards a smarter crypto market

A lot has already been written about the convergence of Artificial Intelligence (AI) and blockchain technology. This could become one of the most transformational technology movements in contemporary history. A new trend is now emerging at the intersection of cryptocurrency and artificial intelligence (AI): the advent of AI-based cryptocurrencies. ...

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Research

Impact Study

Mastering the Transition to ISO 20022

Strategies for Compliance and Automated Testing in Financial Services With a regulatory storm incoming, the need for testing solutions – whether they be generic or tailored – is greater than ever before. As the financial services industry undergoes a vast amount change, particularly around the introduction of new rails on the ISO 20022 framework, these tests are proving vital for international banks and other institutions in the chain.  Yet, for this sector change is not a binary phase; it is almost always underway. To tackle this challenge in a sustainable way, automation is key – giving institutions the confidence to weather the storm of regulation with ease.  With the ISO 20022 standard now a prerequisite, organisations must convince their business leaders that the migration mandated for November is not just an IT project – it is fundamental to company-wide strategy.  This impact study, produced in association with Unifits and featuring expert commentary from BearingPoint and Accenture, explores how institutions can master the transition to ISO 20022 and streamline compliance through automated testing.  Discover:  The impact and evolution of testing  The benefits of testing automation  The strategic role of technology and compliance  Trends to watch: New rails and regulations  Real-world case studies  And more. 

498 downloads

Future of Report

The Future of Digital Banking in Europe 2024

A Money20/20 Special Edition. In 2023, fintech investment in the EMEA region dropped to $24.5 billion, down from $49.6 billion in 2022 – a seven year low.  Macroeconomic and global political conditions are creating challenges for growth, with upcoming general elections around the world adding to the uncertainties in financial ecosystems. Despite these challenges, the outlook for European digital banking remains positive.  The region continues to lead in innovation within the financial sector. This Finextra report, a Special Edition for Money20/20 Europe, features interviews with key players in the European financial services and fintech industries. It includes insights from Vodeno, EY, J.P. Morgan, Swift, Tink, and TrueLayer, and explores the following topics that will be addressed in Amsterdam: Hyper-personalisation: Moving towards super apps  Embedded payments driving the Banking-as-a-Service revolution  Variable recurring payments: The next step in European open banking  Is Europe ready for MiCA? From Web1 to Web3, or Markets1 to Markets3  How European fintech is facing macro challenges 

989 downloads

Future of Report

The Future of Digital Banking in North America 2024

2023 was characterised by increasing amounts of uncertainty and a lack of clarity across the financial world. The collapse of banks, including Silicon Valley Bank, Signature Bank and First Republican Bank, in March 2023, added strain to already unsettled financial markets. While market volatility has remained relatively stable, soaring inflation and climbing interest rates slowed economic growth and this is expected to continue into 2024.  While forecasts regarding the length and severity of a possible recession are speculative, experts are even more divided about stock market predictions for 2024. Optimism is strong in many investors who expect that 2024 is the year rates will stop rising and predict bullish turns that will see markets soar to new heights. Yet with many other factors affecting North American markets, the only certainty we can expect as we look towards 2024 is more uncertainty. This Finextra report on the outlook of North American banking trends, is produced in association with Money20/20 and includes key insights and commentary from industry experts at EY and Mastercard.

740 downloads

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FinextraTV

The Potential of Programmable Payments

At EBAday 2024, Gilbert Verdian, Founder and CEO, Quant, explores how programmable payments can enhance the efficiency of both personal and business financial transactions. Highlighting the important role of the Regulated Liability Network (RLN) in the UK, the discussion turns to advancing programmable payments using both existing and tokenised bank deposits. Further, how innovations in programmable payments can reduce issues associated with failed transactions.

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Long reads

Miles Paschini

Miles Paschini CEO at FV Bank

Banking the future: Stablecoins pave the way in 2025

While the financial world continues to march ahead with digital transformation, one innovation has risen above the rest: a bridge that connects the world of traditional finance with the burgeoning digital asset industry — stablecoins. In 2025, stablecoins are going to grow increasingly relevant in changing the face of banking, with their vast pote...

Olga Klein

Olga Klein Assistant Professor of Finance at Gillmore Centre of Financial Technology at Warwick

Token achievement: How and why decentralised exchanges are starting to take off

The still-nascent market for tokenisation and decentralised exchanges received a boost in November, when the UK Government announced plans to issue digital versions of its bonds. Chancellor of the Exchequer Rachel Reeves said in her Mansion House speech on that the Government was planning to issue a ‘digital gilt instrument’ (DIGIT). Economic Secre...

Hamish Monk

Hamish Monk Senior Reporter at Finextra

$Trump: The new presidential meme coin

Donald Trump’s inauguration on 20th January was followed by a salad of executive orders, including the ejection of the USA from the Paris climate accord, the termination of birthright citizenship, the renaming of the Gulf of Mexico to the Gulf of America, withdrawal from the World Health Organisation (WHO), the enforcement of a two-sex gender poli...