Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Financial Regulations and Compliance: What Changes to Expect in 2021

2020 was a rough year for the financial services industry. Between the Covid-19 pandemic and the FinCEN files leak, several shortcomings within the sector were exposed, while global regulators continued to slap Financial Institutions around the world with hefty fines. By December 2020, global FIs were fined a total of $10.6 billion for non-complia...

01 March 2021 /predictions

What to expect across core banking this year: Embracing fintech, more APIs and enabling DIY Finance

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What to expect across core banking this year: Embracing fintech, more APIs and enabling DIY Finance

While financial institutions were already boosting their focus on technology pre-pandemic, the Covid-19 outbreak hit the fast-forward button on this digitisation progress with force. We’ve all seen how banks and financial institutions have stepped it up when it comes to process handling amidst the crisis, helping fill the void created by lengthy q...

01 March 2021 /predictions

Mobile commerce will lead the way in 2021

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Mobile commerce will lead the way in 2021

Pandemic fuelled acceleration of smartphone content consumption, mCommerce and mobile payments will continue in 2021 Predictions are notoriously hard to make, and even more difficult for 2021 given the constant economic turmoil caused by the coronavirus pandemic. But with national governments worldwide imposing new lockdown restrictions every week ...

25 February 2021 /predictions

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Priorities in payments

While the Covid-19 pandemic was a major driver for payment innovation in 2020, regulation is likely to set financial institution priorities in 2021 for most of the world. In Europe, for example, the Retail Payments Strategy (RPS) will lead payment innovation agendas, requiring financial institutions to support cross-border instant pan-European paym...

23 February 2021 /predictions

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Key priorities for fintech in 2021

As we enter the new year, businesses will now be considering their priorities for 2021. The impact of the global health crisis since the beginning of 2020 will be at the forefront of their minds, but so too will the trends that have been taking shape away from the media headlines. While it is difficult to predict the future, particularly in uncert...

18 February 2021 /predictions

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Corporate banking in 2021

Financial institutions seeking to expand into the lucrative commercial sector face their own set of difficulties as regulations and cost containment take centre stage. In 2021, banks should be primed to address several overarching challenges in the quest for SME business. Embedding comprehensive digital capabilities is also essential to aid expens...

16 February 2021 /predictions

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Treasury management trends

Six prominent treasury trends that will help guide strategy and technology adoption for financial institutions in 2021 include: The only constant will be an increase in the rate of change As the oil that lubricates the economy, financial institutions will need to react quickly to the impact of the pandemic. Digitalization, cloud and platformificati...

11 February 2021 /predictions

Platformification in banking: what lies ahead?

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Platformification in banking: what lies ahead?

Changing customer needs really tested the digital capabilities of financial institutions in 2020, spurring a huge acceleration in the pace of digital transformation across the industry. Around the world, branch closures show the dramatic shift that’s been taking place as customers move away from branch-based banking to online and mobile banking. A...

02 February 2021 /devops

Treasury 2025: Finance departments in mid-sized corporates need to become innovation enablers

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Treasury 2025: Finance departments in mid-sized corporates need to become innovation enablers

Nordea’s wide ranging ‘Treasury 2025’ survey of Nordic companies shines a light on finance/treasury departments in mid-sized corporates and their role in driving innovation. While many are optimistic about playing an increasing role in changing business models, they are not seen as particularly innovative by the rest of the business. Nordea’s annu...

01 February 2021 /predictions

How Will Authentication Evolve in the Age of SCA?

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How Will Authentication Evolve in the Age of SCA?

Within months, we will have a clearer idea of the impact of Strong Customer Authentication (SCA), the regulatory requirement that has seen European merchants gather multi-factor authentication from customers for most online transactions. This EU directive requires that the customer provides two of three identifying factors—something they know, some...

29 January 2021 /payments

Four Predictions for Fintech and Payments in 2021

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Four Predictions for Fintech and Payments in 2021

Despite the overwhelming challenges of a global pandemic, 2020 saw an enormous amount of resilience, ingenuity and innovation in the world of fintech, payments and financial services. 1. The Effects of COVID-19 Will Continue to Influence Consumer Behaviour It is now well established that COVID-19 has accelerated many pre-pandemic trends. For exampl...

22 January 2021 /predictions

2021 Predictions for the Payments Industry

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2021 Predictions for the Payments Industry

Predictions for 2021 must consider the general trends from previous years, but with COVID-19 playing a major role in customer behaviour as well as restrictive measures for purchasing, the predictions for the payments industries and online merchant accounts must be viewed and studied with a more focused degree of scrutiny. From my experience in bot...

19 January 2021 /predictions

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