Latest long reads: Finextra Research

Payments processing: Why banks should take a composable approach

Madhvi Mavadiya Head of Content at Finextra

Payments processing: Why banks should take a composable approach

Over the last two decades, many banks have faced the frustration of being locked into high operating costs. Minimal budgets cannot meet business needs for expansion or support the improvement of product offerings. This is partly due to regulatory requirements consuming the lion’s share of the budget and the high cost of maintaining legacy systems. ...

24 July 2024 /payments

Pixel8 Pro Mobile Phone at Google

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19 July 2024 /retail

US election 2024: What will Trump VP pick J.D. Vance bring to fintech?

Madhvi Mavadiya Head of Content at Finextra

US election 2024: What will Trump VP pick J.D. Vance bring to fintech?

“AI poses a number of safety concerns and I fully admit that there are a number of issues I worry about as AI continues to develop. In particular, you could imagine a scenario where AI makes these chatbots much more efficient, much more believable, allows predators to prey on children more easily online. That is a real concern and something that I...

18 July 2024 /markets

Fintech market picks up as confidence grows

Antoinette Barnard Head Sales and Alliances B2B Services, Rabobank at Rabobank

Fintech market picks up as confidence grows

2023 was, according to some measures, far from a good year for the fintech sector in Europe. After a record-breaking post-pandemic period, 2023 saw a correction, leading to drops in valuations. The European fintech market experienced significant challenges due to factors outside of its control. The global economic environment was tumultuous, and ...

17 July 2024 /markets

Stablecoin: How will it impact the UK payments regime?

Bazil Sansom Research Fellow at Warwick Business School

Stablecoin: How will it impact the UK payments regime?

When I pop to my local newsagents for my Friday night treat, it is still jarring to find I must spend at least £3 when using my debit card. This means instead of one, I have to buy two bars of chocolate. It’s not good for my waistline (even with ‘shrinkflation’), and it is not ideal for the shop owner either. They are trying to cover the fees impo...

16 July 2024 /crypto

Hamish Monk Reporter at Finextra

PSD3 use cases

In 2026 the existing second Payment Services Directive (PSD2) will formally be replaced by two new pieces of legislation: the first Payment Services Regulation (PSR1) and PSD3. The European Commission’s aim is to boost payments security and level the playing field between banks and payment initiators (PIs). With the transition period well underwa...

16 July 2024 /regulation

Is being a tech generalist the key to career longevity?

Aoibhinn Mc Bride Content Editor at Jobbio

Is being a tech generalist the key to career longevity?

From AI to cybersecurity, you might be operating under the assumption that in order to excel in tech you need to focus your career efforts in one specific area, particularly in your formative years. But according to Eddy Barker, an engineer at U.S. telecommunications company AT&T, specialising too early in one specific area can limit your techn...

12 July 2024 /people

US election 2024: What does Project 2025 say about finance and fintech?

Madhvi Mavadiya Head of Content at Finextra

US election 2024: What does Project 2025 say about finance and fintech?

We went through The Heritage Foundation’s 922 page document 'Mandate for Leadership 2025: The Conversative Promise' so you didn’t have to. While it is common for think-tanks from opposite sides of the political spectrum to propose policies for governments-in-waiting, the initiative dubbed ‘Project 2025’ has resulted in recent widespread concern des...

11 July 2024 /markets

Currencies’ digital race on payment rails

Erol Kaya CTO at BUNA

Currencies’ digital race on payment rails

A global player as a financial messaging network: SWIFT More than 11,000 banks and financial institutions rely on the SWIFT messaging network for financial transactions. In 2022, the SWIFT network registered an impressive average of 44.8 million messages daily, facilitating $150 trillion in transactions annually. As of May 2024, the breakdown of t...

11 July 2024 /payments

Sehrish Alikhan Reporter at Finextra

Is the UK in a credit crisis?

It should not be a surprise, given that the UK is deep into a cost-of-living crisis with nothing to indicate relief on the horizon, that there is also a credit crisis underway. Living costs leading to debt burdens The cost-of-living crisis has increased the prices of household bills including energy and water, as well as inflating prices of housing...

10 July 2024 /markets

Níamh Curran Senior Reporter at Finextra

How to pick a 3-D Secure provider

Amid increasing ecommerce sales, changing consumer expectations, and regulatory shifts, payments issuers and processors need to continually evolve to decrease risks from card not present (CNP) transactions and customer authentication process. As the number of online payments grows, organisations are at increased risk of loss as a result of CNP frau...

10 July 2024 /security

UK election 2024 fallout: What are Labour’s plans for fintech?

Sehrish Alikhan Reporter at Finextra

UK election 2024 fallout: What are Labour’s plans for fintech?

The Labour Party’s landslide victory in the UK general election last week kicked the Conservatives out of office, replacing Prime Minister Rishi Sunak with Keir Starmer. However, while the Labour Party gained the majority of seats in the house, the Tories retained 121 seats, and other notable parties, including the Green Party, Reform UK, and Libe...

09 July 2024 /markets

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