Madhvi Mavadiya - Community Author: Finextra Research

ISO 20022: Only 15% of messages have migrated, will JP Morgan change the tide?

Madhvi Mavadiya Head of Content at Finextra

ISO 20022: Only 15% of messages have migrated, will JP Morgan change the tide?

In conversation with JPMorgan’s Masayuki Tagai, managing director, industry issues, payments, and Ciaran J. Byrne, executive director, global head of product payments, global clearing at Sibos 2023 in Toronto, Finextra explored how ready the world is for native adoption of ISO 20022 and how the bank is working towards implementing the standard acr...

22 September 2023 /Sibos

Why has correspondent banking been left behind?

Madhvi Mavadiya Head of Content at Finextra

Why has correspondent banking been left behind?

Retail banking and consumer finance innovation has come along in leaps and bounds, but the fragmentation of payment services available in the market, coupled with the stagnation of processing capabilities has resulted in an inability for financial institutions to collaborate for effective correspondent banking. With the multitude of alternative se...

19 September 2023 /Sibos

Madhvi Mavadiya Head of Content at Finextra

ISO 20022, tried and tested?

In 2004, financial services players were incredibly excited about ISO 20022, and it was considered the global payment standard of the future. 19 years later, we’re still waiting for ISO 20022 to take the industry by storm. However, we are on the precipice of a new era. Nearly every payment rail that comes out of any interaction across payments use...

18 September 2023 /Sibos

Future of Fintech in the Middle East 2023: Cloud connectivity at the centre of fintech innovation

Madhvi Mavadiya Head of Content at Finextra

Future of Fintech in the Middle East 2023: Cloud connectivity at the centre of fintech innovation

This is an excerpt from The Future of Fintech in the Middle East 2023 report. Alongside Dubai and Bahrain, Saudi Arabia has repeatedly been highlighted as a digital banking leader in the Middle East, with 76% of banking customers using online or mobile applications. According to McKinsey, top Saudi digital banking offerings include loyalty program...

22 August 2023 /cloud

Future of Fintech in Africa 2023: Cloud will open new doors for the African fintech industry

Madhvi Mavadiya Head of Content at Finextra

Future of Fintech in Africa 2023: Cloud will open new doors for the African fintech industry

This is an excerpt from The Future of Fintech in Africa 2023 report. In recent years, Africa has awoken to a new dawn when it comes to digital transformation and innovation with the cloud. The continent displays numerous promising indicators of a region ripe for fintech investment and development, but the scale, complexity, and the benefits of new...

09 August 2023 /cloud

How to design a payments system that never fails

Madhvi Mavadiya Head of Content at Finextra

How to design a payments system that never fails

Payment data is driven by innovation, real-time experience, high availability, and cost reduction. Financial institutions must meet consumer demand via an infrastructure that allows for mobile-first banking, real-time analytics, API-driven open banking, and data enrichment, for instance, personalisation and fraud prevention. However, this is not p...

19 July 2023 /payments

Madhvi Mavadiya Head of Content at Finextra

Bridging the cloud migration gap

Financial services sector participants are aware that innovation usually increases at a slow, gradual pace, and as certain technologies mature, this leads to acceleration. This has not been the case in recent years and much of this accelerated adoption of technology has been because of fear, uncertainty, or doubt. Exponential growth has been on th...

23 June 2023 /cloud

Payments processing – from commodity to business opportunity?

Madhvi Mavadiya Head of Content at Finextra

Payments processing – from commodity to business opportunity?

According to Alexandre Maymat, head of GTPS at Société Générale, increased demand for faster and more efficient payments processing and the need for digital payments systems have led to the fostering of Payments-as-a-Service (PaaS). “PaaS platforms allow access to a wide range of payment rails from a single source and integrate with business ERPs

22 June 2023 /payments

How to prepare for the new European legislative landscape

Madhvi Mavadiya Head of Content at Finextra

How to prepare for the new European legislative landscape

Geopolitical uncertainties and macroeconomic challenges have resulted in increased innovation that have ensured that RTGS and Faster Payments rails are superseded by instant payments and paved the way for ISO20022. This could not have been possible without legislation and support from regulators. October 2022 saw the European Commission announce a...

21 June 2023 /regulation

How banks can leverage real-time payments to stand out against competitors

Madhvi Mavadiya Head of Content at Finextra

How banks can leverage real-time payments to stand out against competitors

During a Finextra webinar, hosted in association with Bottomline, panellists explored the renewed vigour in addressing issues with legacy payments architecture and how transitioning to SaaS can support financial institutions looking to ‘stake their claim’. Frédéric Viard, product strategist, instant payments, Bottomline; Judy Bei, managing directo...

12 June 2023 /payments

How can the potential for open finance in Europe be unleashed and become a reality?

Madhvi Mavadiya Head of Content at Finextra

How can the potential for open finance in Europe be unleashed and become a reality?

This is an excerpt from The Future of Digital Banking in Europe 2023, a Money 20/20 special edition. Justin Basini, CEO, ClearScore, believes that we have reached a tipping point in the open finance space. “The pandemic drove increased consumer adoption of digital channels and an increased propensity for consumers to share data online. Furthermore...

07 June 2023 /devops

What technologies are being used by European providers to ensure smooth interactions?

Madhvi Mavadiya Head of Content at Finextra

What technologies are being used by European providers to ensure smooth interactions?

This is an excerpt from The Future of Digital Banking in Europe 2023, a Money 20/20 special edition. Looking to the future, the financial services and fintech industries will be reliant on technology and collaboration to move the needle. Digital transformation across mobile devices, chatbots and automation has led to digital banking becoming more ...

06 June 2023 /retail

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