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News and resources on devops, tools, platforms and APIs for developers and tech leaders in banks and fintechs worldwide.

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Expert opinions

Alex Kreger

Alex Kreger Founder & CEO at UXDA

The Future of Every Bank Depends on Digital Excellence

Customers demand seamless, intuitive, and personalized banking experiences, with 72% emphasizing personalization as “highly important,” and 77% of banking leaders agreeing it boosts retention. Yet, financial institutions face outdated systems, strict regulations, repetitive interfaces, and growing cybersecurity threats. This article explores the t...

/retail /devops Digital Banking

Alex Kreger

Alex Kreger Founder & CEO at UXDA

Banking on Failure: How Outdated Back Office Banking is Bleeding Profits and Trust

In an increasingly competitive banking industry, the focus is often on improving front office solutions: desktop and mobile banking applications. However, a critical, yet frequently overlooked aspect is the back office – the core systems that keep the bank's engine running. According to a World Economic Forum report by Bain & Company, only 1% ...

/retail /devops Banking Strategy, Digital and Transformation

Alex Kreger

Alex Kreger Founder & CEO at UXDA

Choose the Right Software Vendor for UX Excellence in Digital Banking

Software vendors are crucial. They provide digital solutions to help banks operate efficiently and meet customer expectations. However, while ready-to-use solutions offer speed and convenience, they often fall short in delivering a tailor-made user experience that aligns with a bank's unique brand, strategy and customer needs. How can banks choose...

/retail /devops Banking Strategy, Digital and Transformation

Alex Kreger

Alex Kreger Founder & CEO at UXDA

Is your digital banking service competitive on all 5 levels?

Distinguishing your financial services from competitors is not just an advantage—it's a necessity. Let's explore this concept deeply, showing how modern financial brands can create a significant edge by building digital service advantages on five critical value levels. While many financial brands stick to outdated designs and "copycat" s...

/retail /devops Banking Strategy, Digital and Transformation

Harshita Soni

Harshita Soni Digital Marketer at Ken Research

How to Customize MongoDB Collection Relationships for Your Node.js Server

In the field of databases, building effective and efficient data models requires a thorough understanding of storage connections. Building robust applications requires maintaining relationships between data pieces, whether you are using a relational database system, a NoSQL database, or MongoDB. We'll examine storage relationships in this guide,

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Research

Impact Study

AI and Cloud: The Proving Ground for Regulatory Resilience in 2024

The current macroeconomic landscape is marked by exceptional volatility and uncertainty, posing challenges to traditional models in the financial services sector. Despite this new challenging market context, some financial institutions continue to hit pause on using AI and cloud technology, falling behind the curve. Leveraging new technologies can no longer be a zero-sum game. This impact study explores: How can AI and cloud be leveraged to improve back-end processes, rather than just front-end experiences; How migrating to the cloud can fuel new use cases; The regulatory impact of PSD3, DORA and more; The benefits of data sovereignty and data governance; And more. Download this Finextra impact study, produced in association with Microsoft Azure, to learn more.

647 downloads

Event Report

Cloud innovation paves path to the future

An open banking platform has the power to transform a bank, whether the bank is looking to modernise using technology on-premise, in the cloud or as Software-asa-Service (SaaS). In turn, banks gain access to endless opportunities to engage with customers and scale for massive demand. This event report, in association with Temenos, highlights the key takeaways from Temenos Community Forum 2023 that took place in Vienna, Austria. Bringing industry experts and partners together to explore new opportunities opened up by emerging technologies and the cloud, this year’s overarching event theme was ‘Engage and Grow in a Cloud World’. In this report, we explore the different ways that the cloud is accelerating transformation in the industry, including: Why banks are being disrupted by BaaS and embedded finance services; How agility, innovation, and customer experience are gaining momentum on the cloud; How to build resilient cloud infrastructure for sustainability; And more.

177 downloads

Future of Report

The Future of Digital Banking in North America 2024

2023 was characterised by increasing amounts of uncertainty and a lack of clarity across the financial world. The collapse of banks, including Silicon Valley Bank, Signature Bank and First Republican Bank, in March 2023, added strain to already unsettled financial markets. While market volatility has remained relatively stable, soaring inflation and climbing interest rates slowed economic growth and this is expected to continue into 2024.  While forecasts regarding the length and severity of a possible recession are speculative, experts are even more divided about stock market predictions for 2024. Optimism is strong in many investors who expect that 2024 is the year rates will stop rising and predict bullish turns that will see markets soar to new heights. Yet with many other factors affecting North American markets, the only certainty we can expect as we look towards 2024 is more uncertainty. This Finextra report on the outlook of North American banking trends, is produced in association with Money20/20 and includes key insights and commentary from industry experts at EY and Mastercard.

730 downloads

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FinextraTV

Considering Cloud? Here are the options for banks

Join FinextraTV at the Temenos Community Forum 2024 as Tony Coleman, Chief Technology & Innovation Officer, Temenos and Keith Lynch, Head of Enterprise Business, EMEA, Red Hat dive deep into why choice remains a fundamental tenet for the banking industry and how cloud migration is no exception. A bank in 2024 has many options, whether it is moving to public cloud, where technology stacks are supported by hefty players such as AWS or Azure, for example, or working with SaaS providers. The conversation also shifts to expanding on the benefits of private cloud where cloud-like deployments are established. The advantages of hybrid cloud are also prevalent, where one technology stack can run across multiple footprints, allowing organisations to build an app once, but deploy it everywhere with open source technology.

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Long reads

John Barber

John Barber Vice President and Head at Infosys Finacle

Trade finance: Progressive business models to beat the slowdown

This piece was co-authored by Manish Patni, lead product manager at Infosys Finacle. The global trade engine has been sputtering. Last year, the World Trade Organisation (WTO) downgraded its growth forecast for world merchandise trade to a meagre 0.8%, down from a prior estimate of 1.7%. This dramatic slowdown can be attributed to a confluence of...

Hamish Monk

Hamish Monk Reporter at Finextra

How to leverage quantum computing

Earlier this year, researchers devised a breakthrough method for creating supremely pure silicon – the fundamental material in quantum computers. Imperfections in existing silicone mean that today’s quantum computers can maintain coherence (or more simply, operation) for only a fraction of a second. This newly-created, ultra-pure element sustains ...

Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

What are eSIMs and what can they do?

eSIMs are a recent trend that have taken the world by storm. Short for embedded Subscriber Identity Module, eSIMs are designed as an alternative to the physical, plastic SIMs that you slot into your phone. SIMs hold your mobile number and allow you to send texts and receive calls on your phone. SIMs ease the process of changing your phone, but can ...