Latest long reads: Finextra Research

The death of cash: What does it mean for the future?

Yves Longchamp Head of Research at AMINA Bank AG

The death of cash: What does it mean for the future?

The use of physical cash in payments has gradually declined in recent years as consumers are increasingly using electronic money, whether through cards or mobile payments. Between 2016 and 2022, the proportion of cash transactions declined from 79% to 59% in Europe. This development reflects the growing confidence in digital technology and a stron...

05 February 2024 /payments

How upcoming legislation will harness algorithms, AI, and big tech for public good

Chris Holmes Peer at House of Lords

How upcoming legislation will harness algorithms, AI, and big tech for public good

The fourth industrial revolution, as with the previous three, has ushered in an age of exciting new opportunities thanks to the digital tools and products now available to us, initiating innovation and making more choice and better services for consumers and citizens possible. These are all positive benefits that we should celebrate but as we desi...

02 February 2024 /regulation

Labour’s Financial Services Review: Everything fintechs need to know

Níamh Curran Senior Reporter at Finextra

Labour’s Financial Services Review: Everything fintechs need to know

The UK’s Labour Party published its Financial Services Review this week and highlighted fintech as the future of financial services in the UK. The Review has been released ahead of a potential election later this year. The foreword of the report said: “We believe a strong financial services sector will drive investment in jobs and new industries....

01 February 2024 /regulation

Sehrish Alikhan Reporter at Finextra

Here’s how to get hired at Flutterwave

In the latest of our Breaking into Fintech series, which dives into the other end of the fintech hiring market and learns from leading companies in the field, Finextra interviewed Flutterwave’s chief people and culture officer, Mansi Babyloni, and associate vice president of talent management, Reni Odebiyi. Flutterwave is a Nigerian fintech compa...

01 February 2024 /people

Cross-border digital wallets are key to financial inclusion

Sehrish Alikhan Reporter at Finextra

Cross-border digital wallets are key to financial inclusion

Cross-border remittances are increasingly essential in a globalised world. With the influx in mobile wallet usage, cross-border payments can become easier, less expensive, and more inclusive to those needing to move money abroad. Payments giant Revolut launched its Mobile Wallets service to ease cross-border remittances using IDs alongside only ph...

31 January 2024 /payments

Crypto disputes on the rise – a 2024 look at litigation, arbitration and regulation

Nell Perks Partner at Latham & Watkins

Crypto disputes on the rise – a 2024 look at litigation, arbitration and regulation

The English courts and international arbitral institutions have observed a steady uptick in crypto disputes (especially fraud claims) as investment in cryptocurrencies has become more widespread. The value of these disputes is on the rise, and they increasingly involve sophisticated commercial entities such as crypto exchanges and lenders, not jus...

31 January 2024 /crypto

Why developers are the most susceptible to burnout

Madhvi Mavadiya Head of Content at Finextra

Why developers are the most susceptible to burnout

83% of software developers feel burnout from work. Almost overnight, the world made the switch to digital for a multitude of processes in 2020 and the increased workload this created for developers was not considered. At the time computer scientist Junade Ali designed a study that revealed the high rate of concern developers have for software rel...

30 January 2024 /devops

Diversity in tech: Why Gen Z is facing an employment crisis

Sehrish Alikhan Reporter at Finextra

Diversity in tech: Why Gen Z is facing an employment crisis

The technology and financial services industry have had ongoing issues with maintaining diversity within the workforce. Women and ethnic minorities are often under-represented in fintech and banking alike. Wiley Edge’s Diversity in Tech Report 2023 dove into how Gen Z is treated in the tech industry and how diversity in tech can be encouraged. Nume...

29 January 2024 /people

Fintech Regulation Update: Preparing for a sustainable Lunar New Year

Madhvi Mavadiya Head of Content at Finextra

Fintech Regulation Update: Preparing for a sustainable Lunar New Year

Here’s the second edition of a new Finextra long read series summarising the latest regulatory updates impacting the financial services, technology or fintech industries, and how financial market participants should mind the gap between the regulations that have not fully caught up with the pace of innovation. Payments Lunar New Ye...

29 January 2024 /regulation

Which fintech founders are billionaires?

Dominique Dierks Content Manager at Finextra

Which fintech founders are billionaires?

Last month, City Index released a list of top 10 youngest UK billionaires in 2023. Revolut founder Nik Storonsky emerged in second place, highlighting not just the decreasing age of today’s super-rich, but also the growing wealth emerging from fintechs. Digitisation, evolving consumer demands, and pandemic-induced shifts in the way people save, i...

26 January 2024 /people

Amanda Kavanagh Contributor at Jobbio

5 promising GenAI start-ups in the UK

Every industry seems to be on an AI gold rush at the moment, as the ever-evolving technology continues to dominate discussions around the future of work. Currently, what’s frequently making mainstream headlines is when AI goes rogue. Most recently, this was a DPD chatbot swearing, and even writing a poem about the company being the “worst delivery ...

26 January 2024 /people

Why financial services branches put customer requirements top of the agenda

Kelly Lane Operations Director at Clegg Gifford

Why financial services branches put customer requirements top of the agenda

Amidst the challenges posed by rising energy costs and the surge in e-commerce during and after the pandemic, the UK high street has forged its own unique path. Many businesses, both large and small, have navigated closures or transitioned into the online realm. However, for significant purchases such as insurance, the importance of face-to-face i...

25 January 2024 /retail

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