Latest long reads: Finextra Research

Davos 2024 recap: Climate change and AI take the cake

The World Economic Forum (WEF) took place in Davos, Switzerland last week, bringing together world leaders, making new announcements and highlighting new advancements concerning the global economy and financial industries. Here is a short recap of the relevant and exciting announcements from the conference. Over 3000 participants attended the even...

24 January 2024 /markets

How can behavioural authentication enhance a bank’s customer experience?

Sehrish Alikhan Reporter at Finextra

How can behavioural authentication enhance a bank’s customer experience?

In an age where digital experiences are being redefined by giants such as Netflix and Amazon, banks also need to step up their game in enhancing customer experience. The ease, personalisation, and seamless interaction offered by these entertainment and retail platforms set a high bar for customer expectations. It becomes imperative for banks to em...

24 January 2024 /retail

Add to basket – the rise of advanced digital checkout solutions

Jennifer Marriner EVP, Global Acceptance Solutions at Mastercard

Add to basket – the rise of advanced digital checkout solutions

According to research from the Baymard Institute, 70% of digital shopping carts are abandoned, with two in five adults stating complicated checkout processes as the main driver for abandonment. As e-commerce continues to expand, the online payment journey has become highly fragmented and consumer expectations of the digital experience have evolve...

23 January 2024 /payments

5 reasons why you should adopt ISO 20022 now

Nicolas Stuckens Head of ISO 20022 adoption and data quality at Swift

5 reasons why you should adopt ISO 20022 now

ISO 20022’s rich data is at the heart of achieving the industry’s ambition for instant and frictionless payments. It opens big benefits for firms that embrace the opportunity. Here are five reasons why you should adopt the standard today. ISO 20022 adoption marks a giant leap forward in the evolution of global payments. Its rich, structured data us...

22 January 2024 /regulation

Biometrics and data privacy: What regulation is in place?

Sehrish Alikhan Reporter at Finextra

Biometrics and data privacy: What regulation is in place?

Revolut is currently facing a class action lawsuit in Illinois, US alleging that the company unlawfully collected, used, and stored customers’ biometric data. In the current age of instant payments and increasing consumer demands, biometric data has become increasingly significant in facilitating authentication and verification during the payments...

22 January 2024 /security

When is the next Bitcoin halving? Everything you need to know

Dominique Dierks Content Manager at Finextra

When is the next Bitcoin halving? Everything you need to know

The next Bitcoin halving is just around the corner, which will have significant impact on not just the Bitcoin price but the cryptocurrency industry as a whole. We detail everything you need do know about the Bitcoin halving date and the wider impact of the upcoming halving event. What is a Bitcoin halving? Bitcoin relies on blockchain technology ...

19 January 2024 /crypto

Edward Metzger Vice President, Payments Efficiency at Lexis Nexis Risk Solutions

5 payments trends to watch in 2024

Over the past decade, a wave of innovation has swept through all corners of the payments landscape. As a result, the needs of market participants have evolved and they continue to do so at a substantial pace. Here are our predictions for the key trends to watch as 2024 unfurls. 1. Account-to-Account payments soar Account-to-account (A2A) payments b...

19 January 2024 /payments

What is the SEPA Payment Account Access Scheme?

Níamh Curran Senior Reporter at Finextra

What is the SEPA Payment Account Access Scheme?

Truelayer became the first participant in the SEPA Payment Account Access Scheme (SPAA), building on open banking initiatives. The SPAA programme goes beyond PSD2 compliance and creates further opportunities in open banking. Yet not much has been discussed on what this scheme’s intentions are and what impact It might have on the open banking mark...

18 January 2024 /devops

10 themes to watch for in 2024: Opportunities in a complex world

Retired Member

10 themes to watch for in 2024: Opportunities in a complex world

The global economy has defied a hard landing in 2023. As 2024 unfolds, a new but more complex economic landscape is taking shape. Major central banks are prepared to keep interest rates high, and growth paths and inflation patterns across the world will diverge. There is an added layer of complexity which includes the busy election calendar, the m...

18 January 2024 /markets

What’s making AI hot for FIs now, and what’s next on the menu in 2024?

Scott Hamilton Contributing Editor at Finextra Research

What’s making AI hot for FIs now, and what’s next on the menu in 2024?

Artificial Intelligence (AI) applications are becoming much more common everywhere, for consumers to research and explore online resources, for developers to more easily write code, and in customer service scenarios to (hopefully) improve responsiveness and enhance support solution development. AI also offers broad value within various areas of fi...

17 January 2024 /cloud

6 IT trends that will increase competition in fintech in 2024

William Waid CPTO at FICO

6 IT trends that will increase competition in fintech in 2024

In the past couple of years, we have seen a real transformation in the banking space, driven largely by IT. Digital transformation projects appear to be gaining traction after years of wheel-spinning — major banks and insurers are getting their digital acts together. So, what is in store in digital technologies in 2024? 1. Accelerated digital tra...

16 January 2024 /cloud

Open banking year six: JROC’s priorities and the UK’s future roadmap

Madhvi Mavadiya Head of Content at Finextra

Open banking year six: JROC’s priorities and the UK’s future roadmap

On 13th January 2018, open banking was launched in the UK after PSD2 legislation forced service providers to improve customer authentication and security processes. Since then, the UK’s largest account providers were able to make the most of their financial data and securely access services from a wider range of companies that better meet their ne...

15 January 2024 /devops

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