Latest long reads: Finextra Research

Tom Renwick Propositions Manager at Atom Bank

A vision for data driven lending

“The past is a foreign country - they do things differently there" - so runs the infamous first line of L.P. Hartley's novel, The Go-Between. And so the unprecedented economic circumstances associated with Covid-19 are set to alter the lending landscape: lenders are dealing with material impairments, degradation of loan portfolios and spikes ...

30 November 2020 /retail

The evolving European payments landscape

Ben Poole Contributor at Finextra

The evolving European payments landscape

Transaction speeds are increasing. Faster payments rails and instant transaction policies are being rolled out across the world, particularly so in Europe. Key to this change in the payments landscape is the change in consumer behaviour, driven by mobile and digital channels and the growth of e-commerce. Consumer demand for instant accessible paym...

26 November 2020 /payments

Andrew Smith Founding CTO at RTGS & ClearBank

Time to understand identity

Identity has long been a hot topic, but more recently it has become red hot. There are so many discussions, debates, even large sections of events such as Sibos devoted to identity and more importantly, digital identity. However, the discussion is more often than not, a limiting view of digital identity. We end up 'boxed' into a specific implement...

25 November 2020 /identity

Strategic advantage lies in the journey, as much as the destination

Paige McNamee Senior Reporter at Finextra

Strategic advantage lies in the journey, as much as the destination

Covid-19 has exposed the status of banks’ digital transformation strategies. While the steps that banks have already taken are positive, they have not yet launched the next payments generation. However, if we look at the pandemic as a circuit breaker, Swift’s new strategy could turn the power back on and inject renewed energy into payments transfo...

23 November 2020 /payments

European sovereignty shackled to its payments

Retired Member

European sovereignty shackled to its payments

March 2014: in the midst of the diplomatic crisis following Russia's invasion of Crimea, some Russian dignitaries were deprived of payment methods without warning. They were unable to withdraw cash or make purchases. The "perpetrator" was the U.S. government, which ordered Visa and Mastercard to freeze transactions from a handful of Russ...

19 November 2020 /payments

Beyond Invisible Solutions: Banks Should be Preventing Fraud, not Playing Catch Up

Madhvi Mavadiya Head of Content at Finextra

Beyond Invisible Solutions: Banks Should be Preventing Fraud, not Playing Catch Up

Ville Sointu, head of emerging technologies at Nordea, highlights that the intent of GDPR was “fantastic. It provides better data protection for the citizens of the European Union and beyond and therefore, asking companies to be more diligent with personal data and giving customers more control.” However, despite these intentions, there are downsi...

17 November 2020 /predictions

The AI-Powered Cybersecurity Arms Race and its Perils

Eyal Balicer Senior Vice President, Global Cyber Partnerships at Citi

The AI-Powered Cybersecurity Arms Race and its Perils

The advancement in the field of artificial intelligence (AI) is still one of the most important technological achievements in recent history. The prominence and prevalence of machine learning and deep learning algorithms of all types, being able to unearth and infer valuable conclusions about the world surrounding us without being explicitly progr...

12 November 2020 /security

TARGET2 incident illustrates the need for High Availability and DevOps

Andrew Smith Founding CTO at RTGS & ClearBank

TARGET2 incident illustrates the need for High Availability and DevOps

The full story behind the recent TARGET2 outage is as yet not in the public domain, but from what we do know, the incident serves as a great use case for investment in DevOps and a move away from traditional Disaster Recovery type models. In a recent communication, the root cause of the incident was “found to be a software defect of a third-party ...

09 November 2020 /devops

Regulatory Change Management: solving the modern Rubik’s Cube

Richard Dupree CEO and Founder at Riskliance

Regulatory Change Management: solving the modern Rubik’s Cube

The very reclusive inventor of arguably the world’s most popular 3D puzzle, the Rubik’s Cube, just recently published his first book. The book is all about his iconic puzzle and comes almost 50 years after he introduced his invention to the world. The inventor’s, and now author’s, name is Ernő Rubik. Ernő has been obsessed with puzzles since he wa...

05 November 2020 /regulation

How has Covid-19 affected fintech trends?

Retired Member

How has Covid-19 affected fintech trends?

Andrea Melville, Managing Director of Commercialisation and Propositions, Global Transaction Banking, Lloyds Bank, explores how the adoption and development of fintech solutions has been affected by Covid-19. Covid-19 has underlined how fintech enabled solutions can support businesses. This year, business leaders have reached for tools that give th...

02 November 2020 /retail

ISO 20022 holds key to fintech innovation and competition in years to come

Jamie Crawley Reporter at Finextra

ISO 20022 holds key to fintech innovation and competition in years to come

As banks and other financial institutions migrate to ISO 20022 in the years ahead, many of the ongoing conversations of ‘old vs new’, ‘big’ vs ‘small’ and ‘incumbent’ vs ‘innovator’ in financial technology may be built around this new standardisation of language and messaging for payments data. Preparation for and adaption to ISO 20022 has been a ...

29 October 2020 /payments

What should be taken into account if Artificial Intelligence is to be regulated?

Juan Murillo Arias Data Strategist at OdiseIA

What should be taken into account if Artificial Intelligence is to be regulated?

In this article, Juan Murillo, Senior Manager of Data Strategy at BBVA, and Jesús Lozano, Manager of Digital Regulation at BBVA, analyse the potential implications of Artificial Intelligence regulations and share their insights into the considerations that should be taken into account to ensure that regulatory aspects support the proper developmen...

26 October 2020 /regulation

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