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News and resources on regulation, compliance, legal and governance issues for banks and fintechs.

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/regulation

Expert opinions

Serhii Bondarenko

Serhii Bondarenko Artificial Intelegence at Tickeron

AI into Algorithmic Trading Based on Price Action, Volatility and Correlations

In the dynamic sphere of stock trading, the selection of an adept strategy stands as a pivotal cornerstone for day traders aiming to optimize their financial gains. Within this domain, my exploration focuses on two predominant strategies—Price Action and Volatility Analysis, rooted in technical analysis, and Correlation Models, which harness the p...

/inclusion /crime Artificial Intelligence

Ghazi Ben Amor

Ghazi Ben Amor VP - Corporate Development at Zama

How innovation in encryption is helping secure the credit card approval process

When the FCA fined Equifax £11 million for its role in one of history’s largest cyber security breaches back in October last year, it was a stark reminder of the fragility of our data ecosystem. Following the incident - which saw the credit bureau firm fail to manage and monitor the security of UK consumer data it had outsourced to its US-based pa...

/security /payments Fintech

John Bertrand

John Bertrand MD at Tec 8 Limited

Future of Payment Review: six-months on – Digital Payment Infrastructure

Joe Garner’s Future of Payment review published in 2023 on behalf of the UK Government reflected the complexity of the current instant payment UK environment. The situation has allowed the UK’s early leadership in global instant payments to decline. The UK is starting to fall behind in terms of person-to-person payments made by bank account transf...

/payments /regulation Banking Strategy, Digital and Transformation

Freddie McMahon

Freddie McMahon Director Strategy and Innovation at DF2020 Ltd

Towards AI Agents: addressing rule-based governance deficiencies

In the corporate governance landscape, the structural integrity of documented policy and procedural rules stands as a linchpin for organisational order and control. The analogue nature of these documents masks deep algorithmic weaknesses, leaving decision-making vulnerable to risks, often hidden in plain sight. Despite the advent of AI Agents offe...

/regulation /sustainable Artificial Intelligence

Prakash Bhudia

Prakash Bhudia VP of Dealing & Growth at Deriv

Market volatility: Understanding the drivers and how to navigate

Financial markets are inherently dynamic, with volatility that can unnerve even the most seasoned traders. To navigate turbulent periods, it’s crucial to understand the key drivers of market volatility, strategies to protect your positions and opportunities that arise during market dislocations. In this article, we’ll explore the VIX Index, the cu...

/markets

/regulation

Research

Future of Report

The Future of UK Fintech - 2015-2035

An IFGS Special Edition UK Fintech Week 2024 With UK Fintech Week's flagship event - Innovate Finance Global Summit (IFGS) - returning for its 10th anniversary, Finextra and Innovate Finance have partnered to publish this report, which acts as your go-to-guide to everything you need to know about financial services and technology in the UK. ‘The Future of UK Fintech: 2015 – 2035: An IFGS Special Edition’ includes commentary from the brightest and best across the fintech ecosystem, discussing and debating the crucial issues facing the sector now and in years to come. This includes key insights from industry experts from Cogo, EY, Konsentus, Marqeta, Standard Chartered Ventures, and Zopa Bank. Scoping out the next decade to come, this report explores the agenda topics below and more: The Next Decade of FS and Innovation: What Lies Ahead Fintech Beyond FS Borders: How Fintech is Impacting other Industries and Sectors UK and the World: Keeping our Crown while Learning from Others Transformative Technologies: Opportunities and Risks Users of Tomorrow: The Next Generation of Consumers The Shifting Ecosystem: Who Will Lead?

440 downloads

Survey

Definitive Differentiators - Forging a future-proof payments model

Over the last few decades, banks have been forced to reconsider their business model for transaction services. During the era of low-interest rates, the focus shifted to transaction revenues, and while the pendulum is now pivoting back to utilising the balance sheet for revenue growth, the amount of new regulations impacting the industry is ever-increasing. New technology and market regulation have fostered innovation and new market entrants. This “perfect storm” is exposing a number of potential threats for banks, but also new opportunities to expand the share of customer wallet and time to market, and drive cost efficiency through standardization. This Finextra survey report, produced in collaboration with Tietoevry, explores the key factors driving changes to payment models for different financial institutions and how they can wield continued or differentiated success in the evolving landscape.

564 downloads

Impact Study

APP Fraud Liability: A Guide for Banks

Fraud is running rampant. The UK Government's 2023 'Fraud Strategy' report highlighted that fraud now accounts for over 40% of crime, yet receives less than 1% of police resources. More needs to be done to ensure that the consumer is protected.  This is why, as per the Financial Services and Markets Bill, all PSPs will now be required to reimburse fraud victims from October 2024. In light of these upcoming changes, banks need to reassess how they manage liability associated with APP fraud and develop new methodologies in order to investigate and mitigate fraud more effectively.  This Finextra impact study, produced in collaboration with Form3, gives banks a guide to tackling the new APP fraud liability landscape. It highlights:  Risk scoring payments  Implementing the right intelligence  Considering false positives  Ensuring explainability  And more. 

541 downloads

/regulation

FinextraTV

Climate Scorpion: The Sting is in the Tail - Introducing Planetary Insolvency

Sandy Trust, Head of Organisational Risk at M&G, and Lucy Saye, Actuarial Manager at Deloitte, and previous chair at the IFoA Sustainability Board, present the 'Climate Scorpion' report. This report follows the IoFA and University of Exeter's 'The Emperor's New Climate Scenarios' paper, challenging the accuracy of NGFS and CBES scenarios. In this in-depth FinextraTV Unplugged interview with Richard Peers, ResponsibleRisk, they delve into tipping points, cascading risks, and the potential for positive tipping points, exploring the uncertainty surrounding Carbon budgets and their underlying assumptions. Given the Earth's complexity, climate modeling remains uncertain. The interview discusses how financial institutions and corporations can plan amid this uncertainty.

/regulation

Long reads

Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

Apple’s digital wallet monopoly: The juicy drama

Digital banking is at the core in the war against Apple’s monopolisation of smartphones that has been occurring on a global scale. In the last few years, tech giant Apple has been hit by multiple lawsuits for monopolising the smartphone market by blocking third-party apps from offering contactless payments on their devices. Russia and US pushback ...

Simon Treacy

Simon Treacy Senior Associate at Linklaters

Generative AI: How to manage banking risks

Like all businesses, banks are exploring how to use GenAI (generative artificial intelligence) effectively and safely. However, banks are different from most businesses. Even where AI-specific rules have yet to enter the scene, banks must make sure that their use of the technology complies with existing rules for financial services. Taking a risk-...

Chris Holmes

Chris Holmes Peer at House of Lords

UK AI regulation: The Data Protection and Digital Information Bill

Lord Christopher Holmes presented the following speech for the House of Lords on March 21, 2024. I believe if we are to secure the opportunities and control the challenges of artificial intelligence, it's time to legislate AI systems that are principles-based, outcomes-focused, input-transparent, and permissioned, that are paid for and understood. ...