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Fintech discussions and conversations around the development of fintech.
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The finance industry is a prime use case for machine learning, thanks to the abundant data sets, access to capital and strong incentive for efficiency and predicting future outcomes. While rule-based workflows are well embedded within the industry, many businesses are now turning to machine learning to automate the algorithm building process, espe...
18 June 2020 /devops
Online crime gangs were quick to capitalise on Coronavirus. So much so that almost 3% of global spam is estimated to be Covid-19 related, according to internet security company Sophos, and 36% of people in the UK have been contacted by scammers since the start of the pandemic, according to Citizens Advice. So, in this dangerous era its important...
18 June 2020 /security /covid-19
Gustav Korobov Senior Sales Executive - Core Banking platform at Advapay
At a time, when banks are finalizing their Open APIs, fintechs are developing their superb applications, and consumers are thinking whether they need Open Banking or not, I decided to share my thoughts on what the opportunities and risks will Open Banking bring for all market participants. Open Banking is a banking initiative that was developed to...
12 June 2020 /payments /retail
The global gaming industry has been growing rapidly in recent years and continues to flourish; it’s predicted to be worth more than $565 billion by 2022. That’s an increase of more than $100 billion since 2018, which means the industry will grow by more than a fifth in the coming years. There are a number of factors from the last year in particula...
11 June 2020 /payments /startups
Last summer, experts predicted that global ecommerce sales would increase by 16% in 2020. Of course, they were not able to predict COVID-19 crisis and the impact it would have on consumer behaviour. A new stay at home economy has emerged as businesses embrace digital sales channels to meet evolving consumer needs. Months after many countries impl...
10 June 2020 /payments /covid-19
Ray Brash CEO/CoFounder/Investor/CFO/Payment Expert at SESANTIPAY ADVISORY
During his 1962 State of the Union Address, John F. Kennedy declared: “The best time to repair the roof is when the sun is shining”. While the original philosophy behind the sentiment wasn’t intended for organisations, per se, it’s an apt quote when reflecting on fintechs in light of COVID-19. We are all aware that the pandemic has shut down our n...
09 June 2020 /payments /covid-19
Elliot Banks Chief Product Officer at BMLL
The European market moved from a passive state of tighter spreads, lower volumes and longer resting times during January and early February to a much more aggressive state in late February and March through April. As a result of COVID-19 and its immeasurable impact on the global economy, we have seen unprecedented levels of volatility and volumes i...
01 June 2020 /markets /covid-19
Roel Jansen SaaS Solutions Marketing at Temenos
COVID-19: changing the rules of engagement For many years, banks and financial institutions have been reluctant to adopt cloud technologies. The root of the banking industry’s problem is the reliance on outdated IT infrastructure and aims to keep technology in it's own hands. But today this cripples the industry’s ability to provide its customers ...
01 June 2020 /retail /covid-19
Doug Gross CEO at NGDATA
Recently we were Finextra’s guest for a webinar on 'Big Data: Empowering banks to drive customer-centricity'. We shared insights on how we see the banking industry changing due to several causes. An overview. You and the customer, you’re not exclusive. Yikes. We hate to break it, but your customer is seeing other people. In the UK and the US, one-t...
26 May 2020 /retail /covid-19
The last decade has been incredible for fintech, with advancements being made across a range of areas including retail banking, wealth management and, in particular, payments. To give some perspective, in 2019 we saw 64% of consumers worldwide using one or more fintech platforms, nearly twice the amount of those taking advantage of them just two y...
26 May 2020 /payments /regulation
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