Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Why financial institutions are modernising on cloud

For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to immediately scale up compute resources at peak times and scale down when demand dipped, paying only for what they use.

17 September 2019

News/cloud

Better connecting customers to their bank with the cloud

In this age of the customer when banks are leveraging the cloud to reduce costs, innovate faster, minimise risks and digitise mission-critical services, it’s become clear that technology drives change at a ground-breaking rate.

17 September 2019

News/payments

AI and cloud remove barriers to entry for real-time intraday liquidity

Financial institutions must actively manage their intraday liquidity but getting to this point continues to be a challenge, as banks are required to capture the information they need in real-time while at the same time meeting increased regulatory reporting obligations.

13 September 2019

News/Operational risk

Chinese official voices digital coin plans

More details have emerged around China's plans to issue its own digital coin following a lecture given by a senior official at the central bank.

06 September 2019

News/Operational risk

Swift publishes new API standard

Banking cooperative Swift has published a new API standard for the pre-authorisation of funds in its latest bid to bring more efficiency to open banking in Europe.

05 September 2019

News/Operational risk

Starling opens new UK office

Online bank Starling is today cutting the ribbon on its new office in UK town Southampton as it looks to bolster its operational resources.

02 September 2019

News/security

APAC concern over payment system attacks persists - FS-ISAC

According to the Financial Services Information Sharing and Analysis Center (FS-ISAC), attacks on payment systems are the greatest cause of concern for Asian banks.

19 August 2019

News/Operational risk

Securities industry close to adopting APIs – SWIFT and BCG

A new joint SWIFT and Boston Consulting Group (BCG) report reveals that interest in application program interfaces (APIs) is rapidly increasing in the securities servicing industry and firms may leverage the technology to handle diversity of asset types.

30 July 2019

News/Operational risk

Wells Fargo's Irish arm fined for regulatory breaches

The Irish central bank has issued a record fine to Wells Fargo for reporting failures by its Irish subsidiary, citing the bank's weak IT systems.

05 July 2019

News/Operational risk

FCA suggests ban on crypto derivatives

The UK's financial services watchdog is proposing a ban on cryptocurrency derivatives for retail investors in order to prevent them incurring large losses in financial instruments they do not understand.

05 July 2019

News/Operational risk

BoE issues cyber attack warning

Banks would struggle to defend themselves against a state-sponsored cyber attack that corrupted their records over a period of months, according to a Bank of England (BoE) official.

19 June 2019

News/Operational risk

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019

News/payments

Money 20/20 Europe 2019: Securing the small business commercial model

Money20/20 Europe 2019 kicked off proceedings in Amsterdam with president of the annual event Tracey Davies taking to the stage, exploring the theme of alchemy which is an apt metaphor for the magical solutions that will emerge.

03 June 2019

News/Operational risk

Innovation driving digital acceleration in Latin America

Swift's Latin American Regional Conference (LARC) explored how banks in the region are looking to increase digitisation, while managing cyber and compliance challenges.

29 May 2019

News/Operational risk

Live: Swift Latin American Regional Conference - day two

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2019, in Panama City. This event will focus on important issues affecting the financial industry in the region, and how the financial community can accelerate digital transformation.

22 May 2019

News/Operational risk

Live: Swift Latin American Regional Conference - day one

Welcome to Finextra's live coverage of the Swift Latin American Regional Conference 2019, in Panama City. This event will focus on important issues affecting the financial industry in the region, and how the financial community can accelerate digital transformation.

21 May 2019

News/Operational risk

Digitisation and collaboration on Ireland's agenda

The SWIFT Business Forum Ireland 2019 explored how Irish financial institutions can deliver a truly digital customer experience through a spirit of collaboration, while staying secure against evolving cyber threats.

07 May 2019

News/wholesale

Barclays invests in simulation tech outfit Simudyne

Barclays has led a $6 million Series A funding round for Simudyne, a simulation technology firm used by banks for things such as stress testing and contagion management.

08 April 2019

News/Operational risk

US reports record surge in electronic trading data

Greater use of electronic trading and market volatility saw a record surge in trading data reported by the US capital markets watchdog in 2018, raising questions about regulators' ability to successfully and safely monitor markets.

05 February 2019

News/Operational risk

Cryptoexchange assets locked after founder dies

Operators of Canada's biggest cryptoexchange are unable to access more than £100m in reserves after its founder died taking the passwords and recovery codes with him.

05 February 2019