Latest long reads: Finextra Research

Top 5 payments updates this month

The payments field is a fast-paced and dynamic sector, with an increasing amount of products and services being launched on the daily. To keep updated with the latest innovations, here are the top stories in cards and digital payments in February 2024. Check out my colleague Niamh Curran’s payments update to see what you missed in January 2024. BN...

28 February 2024 /payments

From cash to crypto: Understanding the changing face of money

Vid Hribar Strategic Partnerships and Ecosystems Analyst at RBI

From cash to crypto: Understanding the changing face of money

This piece was co-authored by Gerald Ruschka, digital banking leader at RBI. Money is a topic that often escapes active consideration. When making transactions, whether in-store or online, our primary concerns revolve around the sufficiency of funds and the chosen payment method (for example, cash or card.) – rarely do we contemplate the form of ...

28 February 2024 /crypto

What is correspondent banking? Exploring Swift, AML, FATF, and the Wolfsberg Principles

Madhvi Mavadiya Head of Content at Finextra

What is correspondent banking? Exploring Swift, AML, FATF, and the Wolfsberg Principles

Correspondent banking, believe it or not, continues to be a hot topic. Cross border payments are still not as efficient as they should be, meaning international trade is still not real-time, and those financially excluded can only benefit from instant payments by using correspondent banking networks. While there is a need to resolve these issues,...

27 February 2024 /payments

5 fintech predictions for 2024: A light at the end of the tunnel

Arvin Abraham Partner at Goodwin Procter

5 fintech predictions for 2024: A light at the end of the tunnel

2024 feels a lot better than 2023. While there are still some significant macroeconomic and geopolitical headwinds, the dog days of 2023 are behind us and there is some light at the end of the tunnel. While market activity generally still remains muted, most expect a pick up in activity particularly as we enter the second half of the year. The fint...

27 February 2024 /predictions

Níamh Curran Senior Reporter at Finextra

What’s happening at Temenos?

Temenos shares dropped on 15th February after Hindenburg Research published a report with damning allegations which claimed the company had major accounting irregularities and failed products. Temenos has refuted the allegations made in the report, stating that the claims are inaccurate and false. Here is a recap on the players involved in this sto...

27 February 2024 /retail

The FinCrime outlook 2024: Money mules, AI, and new PSR rules

Níamh Curran Senior Reporter at Finextra

The FinCrime outlook 2024: Money mules, AI, and new PSR rules

Financial crime is on the rise every year, as criminals hone their tools with new technologies and find more ways to circumvent controls. As cybercriminals become more sophisticated, users should be aware of the threats they pose. So what kind of developments might we expect from the coming year, and what have we learned from the mistakes made in 2...

22 February 2024 /crime

EU CBDC: What do we know so far about the digital euro?

Sehrish Alikhan Reporter at Finextra

EU CBDC: What do we know so far about the digital euro?

The European Central Bank (ECB) has been working on developing the digital euro, a central bank digital currency (CBDC) that would operate as an electronic equivalent to cash in the EU. The progress on the digital currency has not been without its hiccups, with the ECB recently publishing blog post debunking common myths on the impact of the digi...

21 February 2024 /crypto

Spotify is David, Apple is Goliath, and the DMA could be its slingshot

Sehrish Alikhan Reporter at Finextra

Spotify is David, Apple is Goliath, and the DMA could be its slingshot

The EU’s Digital Markets Act (DMA) is coming into action on March 7, 2024, and it’s making Big Tech sweat. The new antitrust EU regulation’s aim is to make digital markets more equitable and competitive, and is doing so by categorising certain big monopolising companies as ‘gatekeepers’. Gatekeepers are defined as having core platform offerings in...

21 February 2024 /regulation

Where will ESG stand in financial services in 2024?

Katie Blum Principal at Holtara

Where will ESG stand in financial services in 2024?

The evolution of ESG from buzzword to a fundamental aspect of decision-making for businesses and investors alike has reached a critical juncture as we enter 2024. The ESG landscape, shaped by the rise of responsible business practices and countered by the anti-ESG movement in 2023, is poised to challenge prevailing narratives around sustainability...

20 February 2024 /sustainable

How to implement an instant payments system

Madhvi Mavadiya Head of Content at Finextra

How to implement an instant payments system

In November 2023, Swift connected domestic payment schemes across Europe, providing end-to-end transparency for instant cross-border transfers within the European Union. The European Payment Council’s One-Leg Out Instant Credit Transfer scheme (OCT Inst) went live and now enables payments to and from Europe to be processed 24 hours a day, seven ...

19 February 2024 /payments

Sehrish Alikhan Reporter at Finextra

Here's how to get hired at Sonovate

Our Breaking into Fintech series presents those looking to get hired in the fintech industry an insight into what skills and values fintech businesses are prioritising in the current market. This time Finextra heard from Elise Lockyer, chief people officer at Sonovate, an invoicing financing solutions company which recently launched internationally...

19 February 2024 /people

What is PSD3? An overview of changes and timelines

Dominique Dierks Content Manager at Finextra

What is PSD3? An overview of changes and timelines

In June 2023, the European Commission announced plans to modernise the Payment Services Directive, ushering in the third Payment Services Directive (PSD3). The long-awaited proposal outlines changes designed to adapt the directive to developments in the European payments market and ongoing digitisation of payments. PSD3 will have a significant im...

16 February 2024 /regulation

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