Latest Research/analysis News: Finextra Research

UK fintech capital investment in 2024: far from 'rock bottom'

Innovate Finance held an event this week to launch their ‘Capital Investment in UK FinTech in 2023: Insights and Trends’ report, ahead of their Global Summit in London in April.

26 January 2024

News/regulation

BaFin increases focus on IT outsourcing risks

Cybersecurity and the outsourcing of IT services are among the greatest risks to the financial sector, warns a new report from German regulator BaFin.

24 January 2024

News/startups

Davos 2024: AI most relevant for fintech development until 2029

Bryan Zhang, executive director and co-founder of the Cambridge Centre for Alternative Finance at The University of Cambridge Judge Business School presented research on the future of global fintech, conducted in conjunction with the World Economic Forum.

19 January 2024

News/identity

Circumvention of identity controls accounted for 42% of Bank Secrecy Act reports

The US saw around 1.6 million Bank Secrecy Act (BSA) reports in 2021 tied to the exploitation of identity processes during account creation, account access, and transaction processing, indicating $212 billion in suspicious activity.

18 January 2024

News/startups

Global fintech funding halves

Global capital investment in fintech nearly halved in 2023 to $51 billion, with the UK seeing an even sharper decline, according to Innovate Finance data.

11 January 2024

News/crime

G20 faster payments roadmap could boost financial crime - report

The G20's plan to make cross-border payments faster, cheaper, more transparent and inclusive could increase fraud and money laundering, warns a new report.

08 January 2024

News/sustainable

AIB survey reveals cost of living influences sustainability decisions

45% of adults say that they are personally affected by climate change, a substantial increase from 37% in 2020.

05 January 2024

News/regulation

LLMs display cognitive shortfalls - BIS

When posed with a logical puzzle that demands reasoning about the knowledge of others and about counterfactuals, large language models (LLMs) display a "distinctive and revealing pattern of failure," according to a bulletin from the Bank for International Settlements.

05 January 2024

News/payments

Quarter of UK BNPL users charged late fees

Nearly a quarter of Brits that have used buy now, pay later services have been charged late payment fees, according to a survey for education charity the Centre for Financial Capability.

04 January 2024

News/payments

Finextra's top research reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded whitepapers, sentiment papers and surveys over the course of the past year. These reports are Finextra-led and cobranded, based on editorially balanced, independent, referenced desk-based and online research.

28 December 2023

News/sustainable

ADCB introduces the region’s first Mastercard Carbon Calculator

Abu Dhabi Commercial Bank (ADCB) has partnered with Mastercard to introduce the Mastercard Carbon Calculator in the Middle East.

08 December 2023

News/sustainable

COP28: UAE commits $30bn to climate finance

The UAE has announced a $30 billion investment to launch a climate-focused investment vehicle at COP28, that will set the foundation to establish a more transparent climate finance system and provide funding and access to the Global South.

01 December 2023

News/retail

Finastra survey shows global investment in AI, embedded finance, and BaaS

Finastra’s annual global State of the Nation Survey revealed that the financial services sector is investing in new innovations in artificial intelligence (AI), embedded finance, and Banking-as-a-Service (BaaS).

01 December 2023

News/wholesale

Majority of UK banks already piloting GenAI

Nearly three quarters of UK financial services firms are now piloting the use of generative AI for things like ‘co-pilot’ employee efficiency tools, according to a UK Finance survey.

24 November 2023

News/retail

JPMorgan Chase tops bank AI index

JPMorgan Chase is the world's top bank for artificial intelligence maturity, with Capital One and Royal Bank of Canada hot on its heels but European lenders lagging behind, according to the annual Evident AI Index.

17 November 2023

News/wholesale

Half of European fintech lenders unlikely to ever hit profitability - WinYield

European fintech lending startups have racked up over €11 billion in debt facilities in 2023 but many are running unviable models and will never become profitable, claims a report from credit fund WinYield.

16 November 2023

News/payments

More than a quarter of Brits using BNPL - FCA

As new research shows that more than a quarter of Brits have used BNPL in a six-month period, the FCA has agreed deals with two firms - PayPal and QVC - to make their contract terms easier to understand.

31 October 2023

News/payments

Aussie university pilot offline CBDC

Students at Australia's Southern Cross University have been piloting the use of a CBDC to pay for goods and services offline at on-campus vendors.

30 October 2023

News/sustainable

Greenly launches climate rating system to ensure decarbonisation transparency

Carbon accounting platform Greenly has launched a climate rating system to monitor decarbonisation in companies.

27 October 2023

News/inclusion

GoHenry urges UK government to make financial education mandatory in schools

Children’s financial education app and prepaid debit card company, GoHenry, is campaigning for the UK government to make financial education compulsory in primary schools.

20 October 2023