Latest long reads: Finextra Research

Making sense of Banking as a Service – contracting considerations

Joe Pennell Partner at Mayer Brown

Making sense of Banking as a Service – contracting considerations

This article was co-authored by Joe Pennell (partner); David Beam (partner); Rohith George (partner); Matthew Marvin (associate) at Mayer Brown LLP. This article is the second in a three-part series from Mayer Brown on digital transformation and its impacts on financial institutions. Financial services have historically been the domain of regulat...

26 January 2022 /regulation

Measuring, standardising, and actioning ESG should be a boardroom priority

Retired Member

Measuring, standardising, and actioning ESG should be a boardroom priority

Effective data management is the key to minimising climate impact – and measuring progress. The case for climate-focused finance has never been clearer. Business leaders are facing more pressure than ever before to step up their organisations’ green efforts and help protect the planet for future generations. It is obvious that shifting the economy ...

25 January 2022 /sustainable

Reprogramming the Bank – Shifting Gears on Digital Disruption

Paige McNamee

Reprogramming the Bank – Shifting Gears on Digital Disruption

New technology can only be as good as its implementation. Digital platforms can position banks so that they are able to immediately respond to consumer needs. However, financial institutions must approach this ‘digital reprogramming’ in a manner that is consciously designed to proactively exploit technology to its full potential. Developing and d...

24 January 2022 /cloud

Should we stop trying to make Open Banking happen when it’s not going to happen?

Níamh Curran

Should we stop trying to make Open Banking happen when it’s not going to happen?

Comments from Starling Bank’s Anne Boden at a House of Commons Treasury Select Committee at the end of 2021 struck a painful chord with several fintech founders. During an oral evidence session for the Future of Financial Services inquiry, Boden expressed her opinion that “Open Banking has not been successful.” This pronouncement of the failure of...

21 January 2022 /devops

The Future of ESGTech: Goal 9 - Industry, innovation and infrastructure

Paige McNamee

The Future of ESGTech: Goal 9 - Industry, innovation and infrastructure

Build resilient infrastructure, promote inclusive and sustainable industrialisation, and foster innovation. This is an extract from Finextra's The Future of ESGTech 2022 report. Focus target 9.3: Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable c...

19 January 2022 /sustainable

BaaS: an opportunity that cannot be ignored

Retired Member

BaaS: an opportunity that cannot be ignored

Banks have become accustomed to hearing about potential threats and opportunities from fintech, big tech and digital challengers. Payments and lending have experienced noticeable fintech disruption however, other areas of banking have remained relatively untouched. The scale of disruption from fintechs has been hard to define, and increasingly ban...

18 January 2022 /predictions

CBDCs: Here's what every central bank in the world is working on

Madhvi Sonia Head of Content at Finextra

CBDCs: Here's what every central bank in the world is working on

Here is the updated comprehensive list of where each central bank is at with their respective central bank digital currency, providing the most recent CBDC developments across 80+ central banks, so bookmark it and use it as a reference tool. What is a CBDC? Firstly, it makes sense to define what a Central Bank Digital Currency is and how it dif...

17 January 2022 /crypto

Open Banking year four: Beyond the CMA9 and towards Open Finance

Madhvi Sonia Head of Content at Finextra

Open Banking year four: Beyond the CMA9 and towards Open Finance

To mark the launch of the UK’s Open Banking initiative on 13 January 2018, Finextra typically reviews the progress of the experiment on this day each year. Over the past four years, the CMA9 - Lloyds, Barclays, Nationwide, RBS, Santander, Danske Bank, HSBC, Allied Irish Bank and Bank of Ireland - have transformed data structures and security archi...

13 January 2022 /devops

The future of digital banking in Asia: the ascent and impact of digital payments

Hamish Monk Senior Reporter at Finextra

The future of digital banking in Asia: the ascent and impact of digital payments

Banks of the Asian region enjoy a particular advantage when it comes to digital payments. As a result of customers’ familiarity with app-based services, uptake is likely to remain strong in the coming years. This is an extract from Finextra's The Future of Digital Banking in Asia 2022 report. Sanjeev Jain, Citi’s Asia Pacific payments and receivabl...

11 January 2022 /payments

How to overcome barriers to innovation by improving the skills gap

Madhvi Sonia Head of Content at Finextra

How to overcome barriers to innovation by improving the skills gap

Banks are under pressure to innovate, but access to the greatest and latest technology is not the quintessential element required for success. Without skilled people within the organisation, business growth will be limited. As highlighted in the Finextra Research and Pluralsight impact study report, ‘Addressing Tech Skills Shortages in Financial ...

07 January 2022 /people

Differentiation in the digital economy: a new wave of risk management innovation

Madhvi Sonia Head of Content at Finextra

Differentiation in the digital economy: a new wave of risk management innovation

If banks fail to take advantage of the potential that innovative technology provides, financial ecosystems risk remaining fragmented, heterogeneous and gaps could form in the infrastructure for criminals to infiltrate. However, today, post-financial crisis and amid the Covid-19 pandemic, financial institutions are utilising a variety of applicatio...

06 January 2022 /security

Addressing the IP pitfalls in data monetisation projects

Retired Member

Addressing the IP pitfalls in data monetisation projects

This article was co-authored by Richard Assmus (partner), Oliver Yaros (partner) and Reece Randall (associate) of Mayer Brown LLP. This article is the first in a three-part series from Mayer Brown on digital transformation and its impacts on financial institutions. 1. Introduction and summary It is often said that data is the “lifebloo...

05 January 2022 /regulation

Long reads