Community
A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.
As the owner, you will also give up ownership if you leave this group.
Patrick Bermingham CEO at Adflex
In with the old, as good as new The first use of a commercial card for a B2B payment was recorded by the travel industry in 1937. Yet nearly a century later, commercial cards are still not a widespread B2B payment method. Why? They are often hampered by security concerns, supplier acceptance, and incompatibility with existing financial systems. As...
01 December 2023 /payments /predictions
Kanika Hope Chief Strategy Officer at Temenos
Kanika Hope, Chief Strategy Officer at Temenos Challenger banks have been a growth story in banking in the last decade. Today there are ~450 challenger banks globally worth $300B in 2022 compared to 100 in 2017 worth 161B. However only 5% of non bank-owned challengers are profitable. Despite low operational costs, the average cost income ratio of c...
27 November 2023 /retail /startups
Paul Marcantonio Head of UK/Western Europe at Ecommpay
In today’s e-commerce landscape, fraud prevention and detection solutions must include tools such as graph analysis to track data across numerous transactions. Over the last few years, the e-commerce sector has witnessed unprecedented growth. As volumes of digital transactions continue to skyrocket, merchants and payment providers find themselves a...
05 June 2023 /payments /crime
Oliver Carson Founder and CEO at Universal Partners
When it comes to supporting larger Small and Medium-sized Enterprises (SMEs) scaling internationally, the established banking sector has been falling behind for some time. Despite the size and reach of traditional banking institutions, they struggle to support important FX aspects like hedging, local accounts abroad and exotic currency payments. C...
02 June 2023 /payments /retail
Sameer Pethe Partner at Kearney
At the end of March, Apple launched Apple Pay Later in the US, its much anticipated buy now, pay later (BNPL) service, which will allow consumers to spread payments of between $50 and $1,000 over six weeks.The programme will rival BNPL incumbents including Klarna, Clearpay and Affirm who have, until now, dominated a market in which payments are ex...
17 May 2023 /payments /retail
Luigi Wewege President at Caye International Bank
Success frequently comes with a significant drawback: it can make you a potential lawsuit target! This includes unfounded and frivolous lawsuits that can devastate your financial well-being. That means you must take precautions to keep the assets you've toiled to acquire from being taken unfairly. Asset protection is not about "hiding money&q...
26 February 2023 /people /wealth
Yuliya Barabash Managing Partner at SBSB Fintech Lawyers
Cryptocurrencies have come a long way since their inception, and their influence is not limited to the online space anymore. From everyday purchases to extravagant investments, the world of digital currency is rapidly expanding, and the possibilities are limitless. Despite the recent downturn in the crypto market, the range of goods and services t...
22 February 2023 /payments /crypto
Retired Member
The raising prominence of Data privacy: As per the market stats published by Statista, the amount of data/information generated, gathered, copied, and consumed is expected to reach 180 zettabytes by 2025! And a majority of the data generated is on customer and customer only! All of this can be used to infer valuable insights and patterns on the cus...
16 February 2023 /regulation
Satinder Lala Director of Marketing at Capium
Is AI really the future of accountancy? Artificial intelligence (AI) has been subject to a great deal of both hype and scepticism throughout its history. It’s a technology that sparks most people’s imagination – or fear – by calling to mind futuristic, sci-fi concepts. In the accounting industry, an ongoing debate surrounds AI’s ability to carr...
18 January 2023 /inclusion /predictions
Steve Morgan Banking Industry Market Lead at Pegasystems
AI & ML Harnessed in Fight to Build up Customer Financial Resiliency Financial institutions are under intense pressure to look after their customers as economic uncertainty and recession hits people’s lives and livelihoods. What has happened already in the UK in 2022 suggests it may get uncomfortable for some in the industry who do not do enou...
06 January 2023 /predictions
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.