[Webinar] PREDICT 2025: The Future of Faster Payments in the USFinextra Promoted[Webinar] PREDICT 2025: The Future of Faster Payments in the US

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Expert opinions

Nkahiseng Ralepeli

Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.

Variable Recurring Payments: The Future of Dynamic Payments in South Africa and Beyond

The payments landscape is undergoing a seismic shift, and Variable Recurring Payments ( (hereon referred to as VRPs) are at the forefront. Unlike fixed recurring payments, where consumers are charged the same amount at regular intervals (think subscriptions or gym memberships), VRPs introduce flexibility, allowing payments to vary based on real-tim...

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Prashant Bhardwaj

Prashant Bhardwaj Innovation Manager at Crif

The Hidden Catalyst: How One Force Will Unite Banks and Generative AI by 2025

As we approach 2025, the intersection of banking and generative AI presents a pivotal moment for financial institutions. Trust, the cornerstone of banking for centuries, is now being challenged and redefined by technological advancements. With global investments in generative AI projected to reach $1.68 billion, banks must navigate this evolving

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Francesco Fulcoli

Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone

FCA Consumer Duty Publications Summary (December 2024)

The FCA has been at the forefront of implementing the Consumer Duty, a significant shift in regulatory focus aimed at ensuring better outcomes for consumers across the financial services sector. With the framework now fully in force for open and closed products, the FCA has released a series of key publications to guide firms in their journey of e...

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Nikunj Gundaniya

Nikunj Gundaniya Product manager at Digipay.guru

Key challenges and solutions in expanding branchless banking

Branchless banking is changing the financial scene, so growing its influence offers special possibilities as well as special difficulties.Branchless banking solution provides basic financial services to underdeveloped and rural communities, but expansion in these locations calls for overcoming obstacles including infrastructural deficits, regulato...

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Nikunj Gundaniya

Nikunj Gundaniya Product manager at Digipay.guru

Benefits of an agency banking solution in Africa

Over the last couple of decades, financial inclusion has emerged as one of the central priorities of African countries. In many parts of the world, mass population segments live in remote locations or service-challenged areas, making traditional bank business models largely ineffective at reaching everyone. Fortunately, agent banking has emerged a...

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Research

Future of Report

The Future of Embedded Finance in Africa 2025

Embedded finance is changing the payment landscape in Africa. The question now is: what will it take for embedded finance to truly scale across Africa? The global embedded finance market is set to grow beyond $228 billion by 2028 according to Juniper Research. As this market matures and consumer confidence in the technology grows, this will likely prove to be a significant chunk of global financial services. In Africa, this emerging trend has the potential to unlock new economic opportunities. As a less mature market, it is not as hindered by legacy payments systems, making it ripe for payment innovation from embedded finance. It has the potential to reshape the continent’s current payments landscape, broaden innovation opportunities, and drive financial inclusion. As a market Africa is very adaptable to different technologies, and embracing of newer, more agile services. A lot of the population to the majority of their banking through their mobile phones, making embedded finance fit seamlessly into financial worlds of the populace. Yet there are many factors which will alter and develop the ability for embedded finance to take hold. This Finextra report, sponsored by Kora, received contributions from Binance, Indelible Inc., Mojaloop Foundation, and Nikulipe. It explores:  Making embedded cross-border payments work in Africa; Unlocking the opportunities of embedded e-commerce in the African market; Embedded finance: Encouraging African financial inclusion; Why personalisation in embedded finance is the next step for African fintech; Regulating Africa to encourage embedded finance innovation.

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Future of Report

The Future of the Global Financial Ecosystem 2024

A Sibos Special Edition. Our world has experienced several unexpected and unprecedented events over the last few years, which show no signs of slowing down. This year’s Sibos aims to connect those in the financial services community who have experienced fragmentation, in the hope that tackling this will help with some of the biggest issues facing banking. The role that financial institutions play in the global environment will continue to be placed under the microscope as situations continue to develop. In light of this, there has never been a better time for those in finance to come together and have frank and open conversations about their future. This applies to not only environmental and social goals for banks, but also the adoption of and adaptation to new technologies. No longer can these issues be placed on the side and given lip service, they need to become an integrated part of each financial institution’s core policies and practices. However, ever increasing this challenge are the continuously changing global circumstances. Due to these circumstances, communication and collaboration are essential drivers for 2024. This Finextra report, produced in association with Swift, includes commentary from BBVA, BNP Paribas, BNY Mellon, Deutsche Bank, ING, JP Morgan, Lloyds, McKinsey, NatWest, SEB, Standard Chartered, UniCredit, and Wells Fargo.

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Future of Report

The Future of Payments 2023

Gaining Ground on Global Interoperability. The European Central Bank defines interoperability as 'the set of arrangements/procedures that allows participants in different systems to conduct and settle payments or securities transactions across systems while continuing to operate only in their own respective systems.' While technological efficiency is critical to gaining ground on global interoperability, there are other elements that are crucial to the success of a global payments network. This includes the ability to build seamless connections, connect payment systems across different jurisdictions with varying regulatory requirements and ensure different demographic groups can transact reliably and securely. The payments and transaction banking industry may be unsure of where the fintech evolution will go next, but what is evident is that models for public and private sector collaboration must be established. What this means is that financial services must reach a resolution for the continued challenges around cross border payments, correspondent banking and liquidity management, if we are indeed on the cusp of the instant payments era. The European legislative landscape must also be looked upon as a support, not a hindrance and more must be done to implement the clever use of data so industry participants can forge ahead with initiatives such as open finance, banking as a service and turning payments processing into a business opportunity. Further to this, as technologies such as cloud, artificial intelligence (AI) and robotic process automation (RPA) are utilised for innovation, banks and other financial institutions must step up their fraud prevention and cybersecurity games and establish new ways of customer authentication. Now is the time for commercial banks to lead and the emergence of central bank digital currencies (CBDCs) has proved that strategic potential is there for this sector to thrive and pave the way for the next generation of payments. With expert views from Banking Circle, Quant, and Wise, in this report, you will learn from industry leaders about the events and trends defining global payments in 2023 and beyond. The report includes insights from BNY Mellon, Cecabank, Deutsche Bank, HSBC, ING, Nationwide Building Society, NatWest, SEBA Bank, and Société Générale.

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FinextraTV

How Regulators are Paving the Way for Innovation in the Payment Space

New trends in payments are emerging, with regulator-led innovations sparking 'coopetition' among governments, private companies, and big tech. In this FinextraTV interview, Thoughtworks' Head of Financial Services Practice Muralikrishnan Puthanveedu explains how these moves are creating a foundation for a thriving digital economy — advancing financial inclusion, consumer experience, and global prosperity. Examples like the Fed’s ISO 20022, Europe’s digital identity leadership, UK's New Payment Architecture (NPA) and the BIS’s work in breaking down payment barriers showcase a regulatory push toward seamless, data-driven, interconnected global payment systems.

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Long reads

Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

Why aren’t older adults in the US equipped to handle financial shocks?

A study from the Aspen Institute revealed that 47% of older adults in the US are not prepared to handle financial shocks, such as medical expenses, emergencies, or a sudden loss of income. The study outlines how older individuals are relying on financial tools that take advantage of them by abusing penalties, interest rates, and fees, in order to ...

Níamh Curran

Níamh Curran Senior Reporter at Finextra

Anne Boden on supporting female fintech founders

For International Women’s Day (IWD) this year, we spoke to a woman who is the poster child of female success in the fintech world, Anne Boden. In June of last year, Boden stepped down as CEO of Starling after founding the challenger bank 10 years prior. Yet Boden has been busy recently. Last week she launched her third book, Female Founders’ Playbo...

Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

How are bank closures impacting local communities?

Following the news of HSBC installing its first ever ‘cash pod’ in Nasilea, North Somerset comes the questioning of how the general public will gain access to cash among numerous bank branch shutdowns. HSBC announced the closing down of 114 bank branches in the UK from April 2023, reporting the reason for the closures due to low footfall for in-pe...