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Expert opinions Last 7 days total 40

Paula Hunter

Paula Hunter Executive Director at Mojaloop Foundation

Improving Financial Inclusion for Women Through Open Source Innovation

Financial inclusion is a cornerstone of global development, yet women remain disproportionately excluded from the formal financial system. According to the World Bank, more than 740 million women worldwide lack access to a bank account, hindering their ability to save, borrow, or invest. This gap has far-reaching implications, not just for women b...

Ugne Buraciene

Ugne Buraciene Group CEO at payabl.

Open Banking turns 7: Reflecting on the journey here and the road ahead

It’s amazing that Open Banking, once a visionary concept, is now celebrating its seventh anniversary. When it launched in the UK in 2018, its mission was clear: to transform the financial services landscape by giving consumers and businesses greater control over their data, enhancing competition, and fostering innovation. Seven years on, it’s time...

/payments Open Banking

Nelson Castellanos

Nelson Castellanos Chief Partnerships Officer at HDI Embedded

How embedded insurance can add confidence to the chaos of Black Friday

The dust has long settled on Black Friday and 2024’s proved to be more popular than ever. According to Shopify, its merchants ‘hit a record $11.5 billion in sales over the Black Friday-Cyber Monday (BFCM) weekend—up 24% from last year with strong sales momentum leading up to the event.’ Black Friday is a time of intense pressure and promise f...

/retail /predictions Trends in Financial Services

Luke Allchin

Luke Allchin Director - North America at RFI Global

How shifting US household dynamics are redefining life insurance

Life insurance, once a staple of financial planning for American households, is undergoing a quiet transformation, only half of US households have life insurance compared to three quarters 20 years ago. As life stages shift and household dynamics evolve, consumer sentiment towards life insurance has changed significantly since the start of the mil...

/wealth /retail Banking

Janine Grainger

Janine Grainger CEO at Easy Crypto

Bitcoin: What’s Trump got to do with it?

Decrypt’s 2024 story of the year was ‘How crypto money changes American politics’ and it’s all about how crypto executives “revolutionised how corporations spend on elections”. Now, Ripple is gifting Donald Trump’s inaugural fund (which pays for his official swearing-in ceremony and lavish parties to follow) $5 million worth of XRP; while Coinba

/inclusion /crypto

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Nelson Castellanos

Nelson Castellanos Chief Partnerships Officer at HDI Embedded

Zach Herbert

Zach Herbert CEO at Foundation

John D Keogh

John D Keogh Managing Director at Silent Eight

Paul Rodgers

Paul Rodgers Chair at Vendorcom

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Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

The secure way to deploy your personal and organisation AI agents

Research Total research pieces 269

Impact Study

Bank Legacy Transformation: Exploring the Solutions

Where do banks stand with legacy transformation today? What are the market factors and changing consumer demands that make transformation increasingly crucial? Legacy transformation is not a new challenge for banks. However, as technology capability continues to advance, along with it the potential for innovation and new business models serving a digital customer base, the pressure of no longer being constrained by legacy infrastructure intensifies. Despite being the central nervous system for banks’ operations for decades serving a business purpose, legacy systems have become inadequate, and those trained to use them may lack the skills needed to meet sophisticated demands for real-time and seamless experiences. Here’s how banks can decouple their systems from each other to evolve and grow, untangle technology challenges to drive digitisation, and invest in technology and employees to ensure obstacles to rapid and gradual modernisation are removed. This impact study, produced in association with Veritran, will: Consider frameworks that prioritise initiatives based on their impact; Explore specific recommendations for each of these challenges; Propose strategies on how to integrate systems that will address data silos; Highlight clear ROI examples, efficiency gains, and enhanced customer outcomes; and Emphasise that there is no need for legacy system abandonment and modernisation can be conducted gradually without disruption.

85 downloads

White Paper

UK Open Banking API Performance 2023-2024

In this fourth annual report, APIContext evaluated the performance of UK Open Banking APIs from 1 July 2023 to 30 June 2024. The UK’s Open Banking system is arguably the most advanced in the world, having been in place since at least 2018. The time in market for this ecosystem offers lessons and best practices to other countries that are looking to implement similar API-driven financial systems; as well as banks and financial institutions that seek to differentiate through quality customer experiences. In this updated report, APIContext evaluates the performance of Open Banking APIs provided by various types of financial institutions in the UK. These include the major “CMA9” banks (the nine largest banks required by UK law to provide Open Banking services), traditional High Street banks, credit card companies, building societies (similar to credit unions in the United States), and new digital banks, often called neobanks. All the data in this report are based on real API calls, having tested the APIs in real-world conditions using the same process that consumers would go through. These calls followed the FAPI (Financial-grade API) standards, which are specifically designed for securely sharing sensitive financial data. The report includes: Key analysis of the UK's Open Banking API performance 2023 - 2024 Availability and reliability of API endpoints Latency metrics (DNS, TCP connect, SSL handshake, processing, and total time) Performance by cloud provider (AWS, IBM, Azure, and Google) Comparative analysis between different bank types (CMA9, traditional, and neobanks) Cloud provider comparison and other detailed findings Key takeaways and recommendations for various players in the ecosystem

176 downloads

Event Report

AI’s Role in the US Financial Services Sector

How US organisations are balancing innovation and compliance The regulatory landscape for AI in the US is fragmented, with states proposing their own regulations. California’s recent attempt to regulate AI through SB1047, which included provisions for a kill switch and legal liabilities for tech companies, failed to pass. This illustrates the complexities and challenges in creating a unified regulatory framework across the country. Despite regulatory uncertainties, AI adoption in financial services is growing. About 50% of companies have embraced generative AI, while traditional AI applications have been integral for decades. AI has been crucial in areas such as anti-money laundering, fraud protection, and know-your-customer (KYC) processes. The full potential of AI in data management and client services is yet to be realised, with many applications still in internal testing stages. This report highlights the key takeaways of a discussion had during a Finextra webinar, hosted for the PREDICT 2025 campaign, by a panel of industry experts. It includes: An overview of how AI has been adopted across the US thus far; How generative AI has been integrated into banking; Primary concerns with AI use; and Regional perspectives and approaches to AI regulation.

128 downloads

FinextraTV

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/predictions

What Are 'Future Safaris' and The 5 L's to Success?

Joining FinextraTV from CES in Las Vegas, Todder Moning, Head of Applied Foresights, U.S. Bank, shares his insights into the innovations at CES and how they inform his team’s view on the future. From explaining the role of futurists in banking to describing his 5 Ls for success, Moning provides his tips for future-proofing in the financial industry.

Long reads Total long reads 1154

Amanda Kavanagh

Amanda Kavanagh Contributor at Jobbio

Financial services back in top 5 most flexible industries

As full five-day RTO mandates continue to make waves in companies like Amazon, Dell and AT&T, fresh headaches are also emerging. It turns out that rowing back on hybrid work has been complicated by a shortage of free desks, parking spaces, and even restricted capacity in lifts. As bullish dictums from CEOs highlight the importance of in-person ...

/people

Natalie Kelly

Natalie Kelly Chief Risk Officer at Visa

The future of fraud and how financial institutions can fight back

When we look at the financial services landscape, more has changed in the last five years than in the last 30, especially when it comes to financial fraud. In today’s digital, instant, cross-border world, financial crime has become a sophisticated enterprise. Recent figures from the BBC show that fraud cases have risen by 16%, with fraudsters steal...

/payments

Gary Fan

Gary Fan Executive Vice President, COO at Royal Business Bank

A new banking business model is emerging

Banks have, in large part over the past few decades, continued to stay the same. Although there have been minor operational changes, there has not been a need to materially change. This slow and steady strategy worked, and banks continued to grow as the customer base demographics did not force fundamental changes to the business model. The banking...

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