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23 articles tagged with this keyword

/regulation

Why Data Management Struggles Are More Complex Than Just Improved Education

Joining FinextraTV, Adrien Chenailler, Global Director of AI Solutions at Cloudera, discussed the nuances of effective, secure, and evolving data management at a time of prolific technological change. Chenailler says the industry is struggling, not because of lack of education but because data is being spread across the entire organisation. He says that data is no longer confined to engineers and IT departments which begins to create heightened complexity for data security. Crucial to assisting in reducing this complexity, he believes, is organisational alignment and governance led by IT and technical leads. Equally, Chenailler explains the definition of hybrid data and how this can also help too by providing different departments with the customisable data forms they need, whether it is real-time speed or high volumes.

/wholesale

180 Years of Bankers Almanac: How Data Has Evolved from Physical to Digital

Joining FinextraTV at Sibos in Frankfurt, Scott Manson, Senior Director, Product Management, LexisNexis Risk Solutions brought with him a copy of The Bankers Almanac and Directory from 1845 to demonstrate how far the industry has evolved. Providing some context to how this book would be used in 19th-century banking, Manson explains how data and information are still used in a similar manner, but its form and scale has evolved. Looking to the future, Manson equally provides his predictions on how AI will influence KYC and data.

/ai

'The New Industrial Revolution': The Race Towards Explainabile & Relevant AI

At SBS Summit 2025 in Paris, Hani Hagras, Chief Science Officer and Global Head of AI, SBS discussed how AI is the new industrial revolution and spoke to how regulation, data and expectations will evolve alongside it. Explaining the key barriers to successful AI implementation, Hagras splits these into 3 parts: 1. Siloed data, 2. The need for Sovereign AI and 3. The need for AI explainability. Quoting statistics that outline AI’s impact on profitability, Hagras described how banks and institutions cannot afford to hesitate any longer and must accelerate further, with the knowledge that the future won’t be a competition of access and speed, but of trust, services, intelligence and relevance.

/retail

Resilience, Trust & Data: Why Clients Are At The Heart of All Decisions

At SBS Summit in Paris, Raouf Mhenni, CCO, SBS spoke about how digitisation and modernisation have been topics in discussion for many years, but now that the tools are in place, it is time for efficiency and resilience to improve. Mhenni went on to say how software providers and banks should aim to be both trusted for money and for data, emphasising how AI is turning data into empathy. However, he cautioned that AI should not be implemented for the sake of AI; rather, all should have the client at the heart of any decision and be focused on real issues and whether AI is the right tool to solve those.

/retail

Why Technology is No Longer a Challenge, and Strategy is the New Obstacle

At SBS Summit in Paris, Eric Bierry, CEO, SBS and Deputy CEO, 74Software joined FinextraTV to discuss how customer behaviour is changing. This behaviour, Bierry said, means that with evolutions in digital capabilities, technology is no longer a challenge but the mindset of the banks serving their customers is. Bierry emphasises that, within these strategies, the ability to retain a human element should be front-of-centre with a key part of this being hyper-personalisation. Here, Bierry describes the sometimes contrasting balance of customers need quality personalisation, whilst also requiring minimal KYC interruptions within their banking experience.

/payments

Convergence Is Coming: How Data, DLT, and Stablecoins Will Reshape Payments

At Sibos 2025 in Frankfurt, John Hutton, Senior Director Payments Efficiency, LexisNexis Risk Solutions emphasised the critical role of accurate data in improving payments efficiency and reducing failures. He highlighted how poor routing information and manual processes hinder straight-through processing (STP), leading to costly delays for banks and customers. Hutton also discussed the role of AI and automation in enhancing reconciliation and reducing errors, stressing that even the most advanced technologies are only as effective as the data they rely on. Looking ahead, he predicted a convergence of technologies, like DLT and stablecoins, tailored to specific use cases, ultimately empowering customers with greater choice and control.

/ai

How Structured Data is Key to Leveraging AI in Core Banking

Joining the virtual studio for a FinextraTV interview, Barb Morgan, Chief Product and Technology Officer, Temenos helps to shine a light on how artificial intelligence is helping to evolve core banking processes. Discussing how these AI boosts have been implemented to keep up with evolving customer expectations, Morgan provided insights into how banks are focussing investment into having clean, high quality structured data.

/crime

Why Data-Driven Fraud Calls for Smarter Solutions

Discussing the impact of AI-generated fraud threats across the digital world, Laura Quevedo, Executive Vice President, Fraud and Decisioning Solutions at Mastercard, joined the FinextraTV studio at their RiskX event in Rome. Quevedo also explained how AI can fight against it's fraud counterparts, organisations need greater, more detailed transaction information to match the sophistication of modern fraud threats.

/ai

Can Open Finance & Agentic AI Enable a Future of Financial Freedom?

Discussing the role of Agentic AI and Open Finance in the future of financial services, Jess Turner, Executive Vice President, Global Head of Open Finance and Developer Experience, Mastercard joined the FinextraTV studio at Mastercard's RiskX event in Rome. Turner explains the importance of creating a comfortable developer experience to enable solutions that give AI agents autonomy to act safely and securely with consumers towards a freer, open finance future. As part of this, she describes the key challenges to overcome from data governance to agentic discoverability and consumer consent.

/ai

The Importance of AI with Privacy at Its Core

Taking time out from Mastercard's RiskX event in Rome, Caroline Louveaux, Chief Privacy, AI & Data Responsibility Officer at Mastercard, joined the FinextraTV studio to talk about how to embed privacy into design solutions. Beyond this, Louveaux spoke to the use of synthetic data and called for more proactive governance, instead of reactive compliance.

/ai

Navigating the Crucial Differences Between Public and Private AI

Helping to chart the evolution of AI across the years, from automated systems like algorithmic trading to more modern generative and agentic versions today, John Trapani, Industry Leader, Financial Services, Appian, recently joined the FinextraTV studio. Reflecting on this history, Trapani questions how important it is for organisations to understand the regulatory and privacy differences between public and private, as well as asserting his belief that we are still in a phase of needing to babysit the AI systems.

/wealth

How to Turn Data Into Insight in a New Era of Financial Intelligence

Stepping away from a busy event, Leon Saunders Calvert, President & Managing Director - B2B, The Economist Group sat down with FinextraTV to discuss the role of data in a new era of financial intelligence. Describing how bigger data isn't as good as qualified data, Sanders Calvert helps to contextualise some of the key considerations when interoperating data in the current industry landscape.

/wealth

How The Future of Data is Personalisation & Scalability

Stepping away from a busy Communify Fincentric User Experience 2025, Nicole Nakashian, Chief Operating Officer, Communify Fincentric spoke with FinextraTV on the process behind product development. Discussing security and customer protection, Nakashian explains how events help to contextualise the importance of products and how the future will feature higher data personalisation and quality data for heightened scalability.

/regulation

Why A Common Standard Is More Important Than A Common Technology

In this FinextraTV interview at the 2025 EBAday in Paris, Tsvetanka Nankova, Managing Director, Global Head of Sales Institutional Cash & Trade Finance, Deutsche Bank visited the studio to discuss the future of data. Comparing the popularity of data conversations to those of AI, Nankova emphasises the importance of not taking data at 'face value' and instead interrogating its origins, compliance, accuracy, and relevance. On top of this, she explains the two-fold benefit of regulation like ISO 20022, explaining how a shared standard should be prioritised over a shared technology.

/sustainable

Sustainable Finance Live Hackathon 2024 Winners: Established Category

Richard Peers, Contributing Editor, Finextra and Founder of Responsible Risk, connects with Rochelle Mountany, CEO, and Dicky Thomas, Operations Manager at Afri, to discuss the company’s 26-year journey and their win in the Established Category for the Sustainable Finance Live Hackathon 2024. After choosing the Challenge of enhancing nature through sustainable agriculture with large language models and geospatial data, this hackathon team created AfriGIS Ecohub that built upon Afri’s specialisation in data science to provide data driven insights to three groups – small holders, commercial farmers and financial institutions. By connecting these stakeholders with a single supply chain platform, real-time data driven insights can be leveraged to build upon opportunities to grow.

/markets

Communify Fincentric Unifies Financial Data with Acquisition from S&P Global

John Wise, Chairman and CEO of Communify Fincentric, explains the backstory to the company's acquisition of Markit on Demand from S&P Global. Aimed at fixing the financial industry's persistent challenge of fragmented data, this strategic move unifies client and market information in a single platform, integrating over 4,000 global data feeds to enhance AI-driven insights for portfolio managers, advisors and self-directed investors. By merging these data sets, the business intends to set a new standard for the broking, wealth and asset sectors, enabling institutions to navigate complex data landscapes and drive growth in a digital world.

/devops

Changing the future of credit with agile engineering

In this episode of Unplugged, Harry Jell, CTO at Yonder, talks with Andrew Smith from RTGS.global, about building a successful credit card company in today’s financial climate. They discuss the seamless use of merchant data for user rewards, the importance of AWS and Kubernetes for scalability, and explore potential avenues to enrich transaction data.

/sustainable

How do AI technologies use data to enhance sustainable decision making?

Dr Darian McBain, Chief Executive Officer of Outsourced Chief Sustainability Officer Asia, discusses the crucial role of data management in addressing climate risk ahead of Singapore Fintech Festival 2023. With AI-driven advancements such as ClimateBert and ChatClimate already in use, we explore how AI can facilitate transition planning, rapidly adapt to new regulations and global practices, enhance data-driven decision-making on a global scale, and engage individuals at a personal level to reach the next milestone in the journey to Net Zero.

/sustainable

How we will Measure and Manage Nature in Financial Services

David Craig, Co-Chair of the Taskforce on Nature-related Financial Disclosures (TNFD) and the former CEO of Refinitiv, knows a thing or two about data and he shares with Richard Peers the approach the TNFD is taking.

/sustainable

SCOR Investment Partners’ three steps to identify the extra financial value within the supply chain

Guillaume Levannier, Sustainable Investment Officer at SCOR Investment Partners, speaks on FinextraTV to explain how we can identify the correct and material KPIs to assess the extra financial value within the value chain, and how collaborating in the SustainableFinance.Live workshops helps him to improve SCOR Investment Partners’ data aggregation and harmonization approach.