Predictions - Long Reads, News, Articles & Research: Finextra

Financial Regulations and Compliance: What Changes to Expect in 2021

2020 was a rough year for the financial services industry. Between the Covid-19 pandemic and the FinCEN files leak, several shortcomings within the sector were exposed, while global regulators continued to slap Financial Institutions around the world with hefty fines. By December 2020, global FIs were fined a total of $10.6 billion for non-complia...

01 March 2021 /predictions

What to expect across core banking this year: Embracing fintech, more APIs and enabling DIY Finance

Retired Member

What to expect across core banking this year: Embracing fintech, more APIs and enabling DIY Finance

While financial institutions were already boosting their focus on technology pre-pandemic, the Covid-19 outbreak hit the fast-forward button on this digitisation progress with force. We’ve all seen how banks and financial institutions have stepped it up when it comes to process handling amidst the crisis, helping fill the void created by lengthy q...

01 March 2021 /predictions

Making Money Moves: How Optimizing Data Architecture Will Deliver Value and Agility

John Ezzell Co-Founder & Executive Vice President at BIAS

Making Money Moves: How Optimizing Data Architecture Will Deliver Value and Agility

While the financial industry was once conservative and slower to adopt emerging technologies, 2020 marked a year of rapid and sweeping digital dependence and adoption. As we move into 2021, fintech innovation, particularly as it relates to optimising IT systems to best serve customers and improve internal operations, will be a key factor. From ban...

26 February 2021 /predictions

Nick Corrigan UK & Ireland Managing Director and President at Global Payments

2021: A year of new avenues in payments

With customers no longer frequenting physical stores, reluctant to handle cash and relying heavily on online services to feed, clothe and entertain themselves, the payments industry has had to adapt quickly. The economic impact of 2020 also means that budgets will be tighter in 2021 and, as such, companies are looking for ways to make their paymen...

26 February 2021 /predictions

Nudging Financial Services Towards Behaviourial Science

Joseph Hurman Associate Consultant at BJSS

Nudging Financial Services Towards Behaviourial Science

Bloomberg lists it as a top job for the upcoming decade. Both Google and Uber have elevated specialists to their c-suite in recent years. Even the FCA encourages its widespread adoption. Yet the topic of behavioural science is still not wholly accepted within the private sector. However, with banks such as Barclays and Lloyds setting up dedicated...

26 February 2021 /predictions

Where digital identities, fraud and deepfakes are heading in the new digital landscape

Stephen Ritter CTO at Mitek

Where digital identities, fraud and deepfakes are heading in the new digital landscape

In March, our relationship with the digital world deepened at a breakneck pace. People suddenly needed technology to maintain connections with students, colleagues and family, shop for essentials, curb their boredom and everything in between. This spur of activity has led to an increased reliance on digital services that is here to stay, regardles...

25 February 2021 /predictions

Mobile commerce will lead the way in 2021

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Mobile commerce will lead the way in 2021

Pandemic fuelled acceleration of smartphone content consumption, mCommerce and mobile payments will continue in 2021 Predictions are notoriously hard to make, and even more difficult for 2021 given the constant economic turmoil caused by the coronavirus pandemic. But with national governments worldwide imposing new lockdown restrictions every week ...

25 February 2021 /predictions

Robert Prigge CEO at Jumio

Protecting customers from fraud in 2021

Covid-19 has impacted virtually all aspects of our lives, including the way we bank. In the UK, six million adults (or 12% of the population) downloaded an online banking app for the first time during the pandemic. Research also shows that the types of banks we use are also changing: currently, around 14 million Brits have at least one bank accoun...

24 February 2021 /predictions

Retired Member

Priorities in payments

While the Covid-19 pandemic was a major driver for payment innovation in 2020, regulation is likely to set financial institution priorities in 2021 for most of the world. In Europe, for example, the Retail Payments Strategy (RPS) will lead payment innovation agendas, requiring financial institutions to support cross-border instant pan-European paym...

23 February 2021 /predictions

A Financial Services Outlook for 2021 and Beyond

Keith Pearson Head of Financial Services EMEA at ServiceNow

A Financial Services Outlook for 2021 and Beyond

A year ago, nobody could have foreseen the events that took place throughout 2020. So, we need to take a long-term view for 2021, replacing the traditional predictions that people normally make at this time of year with likely trends, many of which have already begun to emerge. The coming months will be characterised by an increased focus on opera...

22 February 2021 /predictions

Samir Pandiri President at Broadridge International

Top 3 fintech predictions for 2021

Outsourcing will be key 2021 will be the year that tech acceleration finally transforms the City. Bespoke tech is no longer the priority or the attraction; we’ll begin to see the re-use of technology by financial institutions emerging. The trend in 2021 will be outsourcing to tech platforms that have been widely adopted, especially in areas like s...

22 February 2021 /predictions

The trends in Venture Capital that will shape the 2021 investment landscape

Ian Connatty Managing Director at British Patient Capital

The trends in Venture Capital that will shape the 2021 investment landscape

UK tech is set to continue to attract capital from the VC industry in 2021 – from fintech, both B2C and B2B over impact tech to health and biotech we expect to see strong interest. Despite the obvious challenges of Covid-19 the UK tech sector once again proved highly attractive for the venture capital industry throughout 2020. There was still appet...

19 February 2021 /predictions

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