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Uma Shankar Kulasekaran

Uma Shankar Kulasekaran Director, Product Management, Fraud at NICE Actimize

The Hidden Fraud Economy: Why Synthetic Identities Demand a New Defense Strategy

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Bo Harald

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

OpenAI versus ClosedAI

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[New Report] Faster & Further: 2025 Insights on the Evolution of the Nordic Payments LandscapeFinextra Promoted[New Report] Faster & Further: 2025 Insights on the Evolution of the Nordic Payments Landscape

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Expert opinions

Ritesh Singhania

Ritesh Singhania CEO at Zango

The AI Growth Lab could be the UK's next fintech moment

Earlier this week, Technology Secretary Liz Kendall MP announced plans for an AI Growth Lab - an ambitious shift in how the UK approaches AI regulation. The initiative would create regulatory sandboxes where firms can test new AI products and services under real-world conditions, with certain rules temporarily relaxed under strict supervision. It...

/ai /regulation Artificial Intelligence and Financial Services

Uma Shankar Kulasekaran

Uma Shankar Kulasekaran Director, Product Management, Fraud at NICE Actimize

The Hidden Fraud Economy: Why Synthetic Identities Demand a New Defense Strategy

The Hidden Fraud Economy: Why Synthetic Identities Demand a New Defense Strategy By Uma Shankar Kulasekaran Fraud has always been a chase. Banks build defenses, criminals find new ways in, and the cycle continues. In recent years, something quieter, and frankly more dangerous, has been spreading. It is called synthetic identity fraud. This is not t...

/ai /crime Financial Risk Management

Bo Harald

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

OpenAI versus ClosedAI

Snippets from ClosedAI – by Schumpeter in the Economist - followed byt ChatGPT's take on it: OpenAI to buy perhaps $10bn-worth of custom AI chips from Broadcom. Adding $200bn to Broadcom’s market value.. OpenAI revealed that Nvidia, Broadcom’s larger rival, would invest up to $100bn in it over several years while selling it graphics-processing un...

/ai /predictions Innovation in Financial Services

Akshar Prabhu Desai

Akshar Prabhu Desai Payments engineer

Agentic AI in Finance : A Comprehensive Overview

Note: This article is reflects opinions of the author and not that of his employer. This article is also a distilled version of author's research paper published here. [PDF] Agentic AI techniques are autonomous systems that can make their decisions independently to work towards a specific goal in a dynamic environment. This article explores the e...

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Franklin Manchester

Franklin Manchester Principal Global Insurance Strategic Advisor at SAS

The evolution of insurance: People, products and promises

In my last column, I wrote about the year so far in insurance, and how climate-related disasters and public policy have put the industry on a path toward crisis much faster than even dire predictions had forecast. But all is not lost yet. Insurers have an opportunity to position the industry for a brighter future – from finding real value in AI t...

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Research

Event Report

Tackling the next ISO 20022 milestone: Structured addresses

Unstructured address data will be phased out in November 2026. What do banks need to do to prepare?  The first critical ISO 20022 deadline is upon us in November 2025, as the CBPR+ coexistence period ends. However, the transition does not stop there and the next migration is right ahead: from unstructured to structured addresses. Whereas traditionally, addresses could be entered both in both structured and unstructured formats, in November 2025, a hybrid option will become available. In November 2026, unstructured address formats will be phased out. Migrating to ISO 20022 structured addresses offers banks a strategic opportunity to modernise their payments infrastructure. However, this transition demands a comprehensive overhaul of address data management, storage, and utilisation across systems. This report highlights the key takeaways of a Finextra webinar, hosted in association with RedCompass Labs, by a panel of industry experts. Discover:  Industry readiness for the ISO 20022 structured address migration;  How banks can create strong data strategies;  The roadmap toward structured addresses; and  How to overcome the key migration challenges. 

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Impact Study

AI’s promise-delivery gap: Bridging the chasm with process orchestration

As financial services’ AI arms race accelerates, institutions must now begin to produce concrete results for the benefit of their clients, internal operations, and investors. How can FIs ensure their AI implementations live up to expectations? The financial services industry is past the point of experimenting with artificial intelligence (AI). Statista finds that AI investment across the sector reached an estimated $45 billion USD in 2024 versus $35 billion in 2023 – with almost 70% of financial services firms having reported AI-driven revenue increases. Yet, despite this overwhelming buy-in, it seems that countless institutions still do not access the full potential of their investments. Gartner predicts that over 40% of agentic AI projects (one of the technology’s latest use cases) will be cancelled by the end of 2027. In the United States, meanwhile, bank productivity is declining despite the sector’s high technology spend, underlining an urgent need to more effectively implement AI. The key to unlocking AI’s enterprise value is embedding it within orchestrated, automated processes. This provides AI with governance, auditability, and the flexibility to adapt in real-time. In fact, the firms that embed AI within orchestrated, governed processes will lead the next era of technological transformation. This Finextra impact study, in association with Appian, analyses the gap between AI’s potential and its current impact. We explore: The current state of AI in financial services; The orchestration imperative; How to successfully scale AI; and Case studies for real-world AI implementation.

108 downloads

Future of Report

The Future of Cross Border Payments 2026: Strategies for Success

A special edition for Sibos Europe 2025 The pace of the financial industry is unrivalled. The cross-border payments landscape is rapidly evolving and maturing as emerging technologies develop, new regulations come into play, fraud dominates, and global consumers demand instant payments.  How is the industry responding to these changes, and what strategies are banking experts and leaders deploying to combat the onslaught of challenges as the future draws nearer? Sibos 2025 in Frankfurt will be a forum for conversation on the next steps for the financial sector, and how to conquer the next frontier of global finance.  This Finextra report analyses key innovations, explorations, and sentiments on the cross-border payments landscape, featuring key insights from Absa CIB, BNY, Crown Agents Bank, Commerzbank, the Financial Conduct Authority, FV Bank, HSBC, ING, Januar, JP Morgan, National Australian Bank, RBI, Santander, Société Générale, Standard Bank, Standard Chartered, State Street, and ZA Bank. It discusses:  Agentic AI and GenAI revolutionising cross-border payments;  The implications of a post-ISO 20022 migration world;  How banks are future-proofing their cross-border payments frameworks;  Financial crime and fraud prevention in payments;  The digital transition to cloud native infrastructure;  Challenges and opportunities in instant payments;  How rapidly emerging technologies will define the future of cross-border payments. 

768 downloads

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FinextraTV

Innovating with AI: How to Improve and Extract Value From Federated Data

In Frankfurt at Sibos 2025, Akber Jaffer, CEO, SmartStream spoke to FinextraTV about on-going conversations around AI innovations and their strategic rebrand to be more data-centric. As part of this conversation, Jaffer described how many institutions have federated data that requires improvement, and a renewed focus on data hygiene in order to keep up with innovation needs. Jaffer creates a picture of an industry ready for progression and with the tools to succeed, but requiring dedicated focus on ensuring existing sources of value are relevant for a new modern era.

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Long reads

Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Which banks are leading the AI adoption race in late 2025?

AI is top of mind in many banking circles right now. What a leading intelligence platform shared in its annual banking industry AI Index Roundtable is that for those institutions that have prioritised AI in their internal – and increasingly external – activities and operations, they’re widening the gap over those which haven’t. And it is getting t...

Hamish Monk

Hamish Monk Senior Reporter at Finextra

AI-powered banking agents: How FIs can support Europe’s micro-business long tail

The small and micro-business long tail of Europe’s economy is vast. According to the European Commission, small businesses represent 99% of all European enterprises, and account for 48% of total employment within enterprises. Despite being the backbone of the economy – and critical to growth, innovation, and productivity – the small and micro-bus...

Dimitrios Salampasis

Dimitrios Salampasis Assoc. Professor, Emerging Technologies & FinTech at Swinburne University of Technology

From biology to business: Neuromorphic computing pathways to intelligent innovation

From algorithms to AI: Promise, power, and the pressing challenges ahead Large scale datasets and information processing requirements, within complex environments, are continuously reaching unprecedented levels of sophistication, especially in the advent of artificial intelligence and other emerging technologies, pushing the boundaries of fierce c...