Latest long reads: Finextra Research

DORA: Financial institutions must act now or risk non-compliance

Jolanda Schekermans Head of Product - Europe at Form3

DORA: Financial institutions must act now or risk non-compliance

The European Union’s incoming Digital Operational Resilience Act (DORA) was first published in September 2020 as part of the Union’s Digital Finance Package (DFP), with a clear objective of improving the digital resiliency of the entire financial system. Almost every type of financial institution (FI) across the EU will be required to ensure that ...

03 November 2022 /regulation

The Westminster Series: How will the Electronic Trade Documents Bill transform trade in the UK?

Chris Holmes Peer at House of Lords

The Westminster Series: How will the Electronic Trade Documents Bill transform trade in the UK?

The Electronic Trade Documents Bill is one of the most important bills you have never heard of. Not only will this bill make trade faster, cheaper, and greener, it is an English law model of how to legislate for technology through specific criteria. A blockchain bill that will stimulate blockchain development and adoption without ever mentioning b...

02 November 2022 /regulation

Understanding the regulatory landscape for crypto-assets in Germany and the EU

Renate Prinz Partner at McDermott Will & Emery LLP

Understanding the regulatory landscape for crypto-assets in Germany and the EU

Currently, we can read many summaries and briefings on the new Market in Crypto Assets Regulation (“MiCAR”) everywhere. For sure, MiCAR has the potential to give the EU crypto market a huge push forward. From what we can see so far, regulation for new business models especially in the Fintech market is not as bad as everyone supposed before. We al...

01 November 2022 /regulation

Fraud monitoring strategies and the role of global scoring data

Finextra Research Writer at Finextra

Fraud monitoring strategies and the role of global scoring data

This is an extract from the Finextra Research and Mastercard report ‘Seeking Approval - Acquirers Vs. Transaction Fraud’, based on industry interviews that explore the industry’s appetite for real-time, AI-driven, data-rich transaction fraud monitoring and the various models, technology and priorities that shape their strategies. In order to effec...

31 October 2022 /crime

The Zoom ceiling is the new glass ceiling

Kirstie McDermott Senior Content Editor at Amply

The Zoom ceiling is the new glass ceiling

In 1978, writer Marilyn Loden coined the term “the glass ceiling” to describe the often invisible barriers women and minorities face in the workplace. While women do not tend to experience difficulty entering organisations at lower-to-middle levels, they often get stuck when they seek to advance to leadership positions and their numbers dwindle. H...

28 October 2022 /people

Adapt to survive in 2023: A step change for business models in fintech

Pat Patel Executive Director at Elevandi

Adapt to survive in 2023: A step change for business models in fintech

The origins of fintech date back to the Global Financial Crisis of 2007 to 2008, when financial institutions suffered large losses and needed government assistance to survive. In the same period, mobile technology exponentially grew, which further yielded a new breed of financial institutions. Web 2.0 created opportunities for fintech companies t...

27 October 2022 /startups

AFP/NACHA Fraud Symposium: Trends and protection tips for treasurers

Scott Hamilton Contributing Editor at Finextra Research

AFP/NACHA Fraud Symposium: Trends and protection tips for treasurers

“Cyber is my number one issue…it’s what keeps me up at night” said the treasurer of a large US nonprofit. He was part of a gathering of around 50 fellow financial leaders for a Fraud Symposium at the 2022 Association for Financial Professionals (AFP) annual conference in Philadelphia Sunday. The event continues through October 26. The AFP is the m...

26 October 2022 /payments

The Future of Digital Banking in North America: Building the experience of finance

Paige McNamee Senior Reporter at Finextra

The Future of Digital Banking in North America: Building the experience of finance

This is an excerpt from Finextra’s report, 'The Future of Digital Banking North America 2023'. As we delve deeper into the realm of digitised financial services, it is becoming clear that the line between physical and digital experiences are becoming increasingly blurred. This is due in no small part to the experiential applications, products, and ...

26 October 2022 /devops

CBDC: Powering the future of money in the digital era

Rajashekara Maiya VP at Infosys

CBDC: Powering the future of money in the digital era

This is an excerpt from Finextra’s report, 'The Future of Digital Banking North America 2023'. The last couple of years have witnessed a revolution in digital currencies globally. Rapid advancements in technology and decline in cash transactions, particularly through the pandemic, have further fuelled their rise. A report by UNCTAD in 2021 indicat...

25 October 2022 /crypto

The Future of Digital Banking in North America: Chain reactions - Cryptocurrency vs. remittances

Madhvi Mavadiya Head of Content at Finextra

The Future of Digital Banking in North America: Chain reactions - Cryptocurrency vs. remittances

This is an excerpt from Finextra’s report, 'The Future of Digital Banking North America 2023'. The payments landscape is currently undergoing intense digital-led transformation, but is there a place for both remittances and crypto? Across the spectrum of cryptocurrency and money transfers, how are digital currencies are finding a space in the indus...

25 October 2022 /retail

The Future of Digital Banking in North America: Offence and defense - Fraud vs. regulation

Sehrish Alikhan Reporter at Finextra

The Future of Digital Banking in North America: Offence and defense - Fraud vs. regulation

This is an excerpt from Finextra’s report, 'The Future of Digital Banking North America 2023'. Post Covid-19, North America has seen significant market growth in e-commerce and digital payment systems. Financial institutions are determining how to move forward where non-traditional payment systems are being introduced. To confront these waves of ch...

25 October 2022 /retail

Alex Jimenez Managing Principal, Financial Service Consulting at EPAM

Consumer trends changing banking

This is an excerpt from Finextra’s report, 'The Future of Digital Banking North America 2023'. Lauren was five months pregnant. For the past few months, she and her husband had been making plans to welcome their new child. As she drove her trusty 2016 Toyota Yaris to run errands, she began thinking about getting around with her child. She looked in...

24 October 2022 /retail

Long reads