Paige McNamee - Community Author: Finextra Research

The fintech sentiment: Fintech’s take on the BoE’s rate hike

Paige McNamee Senior Reporter at Finextra

The fintech sentiment: Fintech’s take on the BoE’s rate hike

In the largest hike since 1997, the Bank of England this week raised interest rates by 50bp, to 1.75%. The central bank at the same time warned that a recession is expected to begin in late 2022, and last for five quarters. As the rate rise is spells drama for the entire economy, we’ve compiled the key observations and opinions of experts across th...

05 August 2022 /markets

The Future of Payments 2022: Building operational resilience

Paige McNamee Senior Reporter at Finextra

The Future of Payments 2022: Building operational resilience

This is an excerpt from Finextra’s report, ‘The Future of Payments 2022: The Cutting Edge of Digital Payments.’ The Covid-19 pandemic and Russia’s invasion of Ukraine are two highly relevant recent examples which underscore the need for greater operational resilience (OR) across financial services. Aimed at developing a far more resilient financial...

10 June 2022 /regulation

The Future of Digital Identity 2022: Data sovereignty and interoperability

Paige McNamee Senior Reporter at Finextra

The Future of Digital Identity 2022: Data sovereignty and interoperability

This is an excerpt from Finextra’s report, ‘The Future of Digital Identity 2022: Inclusive, secure, fit for purpose.’ Extensive discussion around who should be the guardian of digital identity solutions are well established, and sophisticated models outlining the strengths and pitfalls of multiple approaches are abundant. However, when it comes to ...

24 May 2022 /identity

The Future of Digital Identity 2022: Governing digital identity wallets

Paige McNamee Senior Reporter at Finextra

The Future of Digital Identity 2022: Governing digital identity wallets

This is an excerpt from Finextra’s report, ‘The Future of Digital Identity 2022: Inclusive, secure, fit for purpose.’ Increased digital and online interactions, consumer demand for seamless identity across uses, demand for security and privacy, financial and reputational risk of identity theft and fraud, acceleration of governments’ efforts toward ...

17 May 2022 /identity

The Future of Digital Identity 2022: Global schema for digital identity wallets

Paige McNamee Senior Reporter at Finextra

The Future of Digital Identity 2022: Global schema for digital identity wallets

This is an excerpt from Finextra’s report, ‘The Future of Digital Identity 2022: Inclusive, secure, fit for purpose.’ Data taken from Oliver Wyman’s report ‘Digital Trust: How banks can secure our digital identity’ EU: Currently a coordinated effort to bring digital identity to the European Union. To meet the objective of 80% adoption all EU member...

16 May 2022 /identity

The Future of Regulation: Fintech's persistent dearth of diversity

Paige McNamee Senior Reporter at Finextra

The Future of Regulation: Fintech's persistent dearth of diversity

Fintech has been found to bear a systemic gender diversity problem. This imbalance has been seen to play out severely across venture capital where female founders have received just 1.3% of all VC funding in Europe since 2017. For such a progressive industry, why are these discrepancies persisting, and should regulators do more to improve these s...

12 May 2022 /inclusion

The Future of Regulation: Time for ESG consolidation and cooperation

Paige McNamee Senior Reporter at Finextra

The Future of Regulation: Time for ESG consolidation and cooperation

This is an extract from Finextra's 'The Future of Regulation 2022' report. At COP26 in Glasgow, the formation of a new International Sustainability Standards Board (ISSB) was announced, with the intention of developing a comprehensive global baseline of high-quality sustainability disclosure standards to meet investors’ information needs. The anno...

09 May 2022 /regulation

The Future of Regulation: Building dynamic consumer protection schemes

Paige McNamee Senior Reporter at Finextra

The Future of Regulation: Building dynamic consumer protection schemes

Against the backdrop of fundamental, wide-reaching change into the digitisation of financial services, is the need to ensconce the consumer in regulatory protections so that they are not unduly exposed to risk that naturally accompanies the emergence and adoption of new technologies. We've seen the reinforcement of new and existing trends across f...

05 May 2022 /regulation

Open (Banking) for Business: UK retail banks’ growth engine

Paige McNamee Senior Reporter at Finextra

Open (Banking) for Business: UK retail banks’ growth engine

2022 has seen a surge in dialogue surrounding the purported value or objective of Open Banking, and whether this has been realised in the UK. While the debate has stoked critical thinking around what we should hope to achieve through Open Banking, there persist large questions around the potential benefits that remain on the table – particularly f...

25 April 2022 /payments

The Future of Regulation: Navigating CBDC unknowns and crypto appeal

Paige McNamee Senior Reporter at Finextra

The Future of Regulation: Navigating CBDC unknowns and crypto appeal

This is an extract from Finextra's 'The Future of Regulation 2022' report. CBDCs: A love-hate saga While monetary authorities in many countries around the world are conducting studies on the feasibility and utility of adopting CBDCs, there are only a few nations to date that have actually rolled out their own CBDCs, states Arvin Abraham, partner an...

13 April 2022 /regulation

The Future of Regulation: Building resilience with systemic change

Paige McNamee Senior Reporter at Finextra

The Future of Regulation: Building resilience with systemic change

This is an extract from Finextra's The Future of Regulation 2022 report. With financial services increasingly dependent on technology, players across the landscape must work toward building robust processes to ensure operational resilience. Incoming rules introduced by UK regulators are designed to guide firms in their plans for operational resili...

24 March 2022 /regulation

Multicloud strategy guide: one cloud good, two clouds better?

Paige McNamee Senior Reporter at Finextra

Multicloud strategy guide: one cloud good, two clouds better?

Cloud-based computing is an integral element to any forward-looking digital transformation strategy for financial institutions. This article will explore the key attributes of multicloud adoption being undertaken by many financial institutions, and features commentary from Commerzbank, Wells Fargo, and McKinsey. Multicloud strategy is now increasi...

21 March 2022 /devops

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