Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
The fintech sector is undergoing significant changes as it embraces sustainability and ethical principles. This movement, known as green fintech, is transforming financial services to address environmental and social issues. Understanding Ethical Finance Traditional financial metrics such as profitability and revenue remain crucial, but ethical fin...
25 June 2024 /payments /retail Banking Strategy, Digital and Transformation
Simon Horswell Fraud Specialist Manager at Onfido
In today’s digital world, 81% of people access online services daily. Against this backdrop, verifying identities online has become a new business standard. It’s a yardstick to measure an organisation’s digital readiness and resilience, which is why 1 in 2 end users now encounter digital identity verification (IDV) during the registration process....
25 June 2024 /identity Digital Identity Management
Evgeny Filichkin Investment Advisor at Keytom
The cryptocurrency market has recently been witnessing a significant shift towards restaking, a process where crypto assets are locked up to earn additional rewards. In fact, it has become the second-largest sector in DeFi, with over $18 billion worth of crypto moving towards such platforms by the end of May 2024. However, as restaking gains pop...
25 June 2024 /crypto /markets
Raktim Singh Senior Industry Principal at Infosys
A Scalable Vector Database, a cutting-edge solution, is meticulously designed to efficiently manage high-dimensional vector data. Unlike traditional databases that handle data types such as strings and integers, vector databases are specifically engineered to store, index, and query vectors, which are numerical arrays representing features or chara...
25 June 2024 /ai /retail Technology for Social Good
Alex Kreger Founder & CEO at UXDA
Integrating AI into banking services will obviously revolutionize the user experience in financial services, offering real-time advice and 24/7 transaction monitoring. However, this shift not only enhances user experience but also addresses critical data privacy concerns. Unlike traditional cloud-based AI, on-device AI, as introduced by Apple, pro...
25 June 2024 /retail /predictions Artificial Intelligence and Financial Services
Hilary Smyth-Allen Executive Director at SuperTech
As shone through in our recently launched Research and Innovation Roadmap, Productivity, alongside Open Data, Sustainability and Inclusion and Wellness are the key themes that consistently emerged as critical focus areas. Despite apparent initiative differences on the surface, these themes frequently align and are relevant across all end-markets e...
25 June 2024
Robert Kraal Co-founder and CBDO at Silverflow
Say ‘Mississippi’. In the time it took you to say it, $199,771 USD was spent online – the $6.3 trillion eCommerce market divided by the 31,536,000 seconds in a year. If every sale made in that single second was routed to the average global citizen’s bank account instead of hundreds of companies then, since they earn $9,733 per year, they would ma...
25 June 2024 /payments /startups The Payments Business
Rodrigo Zepeda CEO at Storm-7 Consulting Limited
In June 2024, the Financial Conduct Authority (FCA) published feedback on good and poor quality applications under the existing cryptoasset anti-money laundering (AML) and counter-terrorist financing (CTF) regime (Feedback). The Feedback identified that out of 347 applications from crypto firms received by the FCA since January 2020, only 47 appli...
25 June 2024 /crypto /crime Cryptocurrency Insights
Cheryl Chiodi Industry Strategist, Financial Services at Akamai
Lessons from the Past Prove Why Instant Payments Must Prioritize Security by Design Having just returned from an incredible week in Lisbon at EBADay 2024, I am eager to share insights from this year’s theme, “Orchestrating the Dialogue on Payments - The Collaborative Advantage.” The event encouraged collaboration and featured provocative conversat...
24 June 2024 /security /payments API
Simon Kent Global Head of Financial Services at Kearney
Artificial intelligence (AI) is set to transform the banking industry as we know it, and top management in the sector must prepare for this period of disruption before it is too late. If they do, the rewards are significant with industry leaders already predicting that AI could boost revenues by almost $1 trillion by 2030[1]. While banks are curre...
24 June 2024 /ai /retail Banking Strategy, Digital and Transformation
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.