Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Metaverse to place new demands on payment services - BIS

The metaverse could place new demands on payment services that may be better met by central bank digital currencies and retail faster payment systems than by crypto, according to a Bank for International Settlements report.

08 February 2024

News/crypto

COP28: Ethereum pre-Merge carbon emissions estimated to be 27.5m metric tonnes

Research from the Cambridge Centre for Alternative Finance (CCAF) and the Ethereum Climate Platform (ECP) reveals that the Merge – the upgrade that switched the ETH consensus mechanism from a proof-of-work protocol to a proof-of-stake system – ensured that Ethereum now has a much lighter greenhouse gas footprint than other high carbon-emitting blockchains.

01 December 2023

News/retail

UK politicians address blockchain and web3 via the metaverse

Natalie Elphicke MP OBE and other UK politicians addressed a forum of 51 nations to set out the UK’s national priorities for blockchain and web 3 through an appearance in the metaverse.

20 September 2023

News/sustainable

UK banks ditch the Metaverse

The number of UK banks investing in technologies such as virtual reality and augmented reality is falling as the Metaverse hype fades away.

13 September 2023

News/retail

PKO Bank Polski to run jobs fair in the metaverse

PKO Bank Polski is to run a virtual jobs fair in the metaverse in a search for new tech talent.

30 May 2023

News/crypto

NextGen Nordics: Retail CBDCs could jeopardise commercial banks’ deposit base

Exploring CBDCs and the future of technology in the Nordics and across Europe, Paige McNamee, senior reporter at Finextra discussed the painpoints central bank digital currencies could help to alleviate and what level of cybersecurity, AML and KYC is required.

25 April 2023

News/retail

CaixaBank launches environment-based metaverse experience

CaixaBank is taking to the metaverse for World Earth Day, offering customers a virtual tour designed to raise environmental awareness.

18 April 2023

News/identity

Trust:Live 2023: Evolving digital identity, intelligence and innovation

This week, LexisNexis® Risk Solutions and Finextra Research held Trust:Live 2023, the exclusive in-person event for all fraud and identity decision makers focusing on the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models.

15 March 2023

News/payments

JPMorgan-backed metaverse payments platform Tilia extends funding round

JPMorgan-backed Tilia, a Linden Labs spin off that is building a payments platform for virtual economies, has secured fresh capital from new backer Seoul-based fintech Dunamu.

15 March 2023

News/crypto

Worldline opens Metaverse shopping mall

Payments firm Worldline is making it easier for firms to enter the metaverse with a white-label shopping mall.

10 March 2023

News/identity

Banks back 'Japan Metaverse Economic Zone'

Major Japanese banks and tech firms have banded together on a metaverse infrastructure project that will, among other things, provide payments, authentication, and insurance services for users across platforms.

28 February 2023

News/payments

NextGen Nordics 2023: Back and better than ever

Finextra will be back in Stockholm to bring the new world of Nordic banking to life for the NextGen Nordics 2023 conference on the 25th of April.

03 February 2023

News/identity

LexisNexis Risk Solutions and Finextra Research partner for Trust:Live 2023

LexisNexis® Risk Solutions and Finextra Research will be hosting Trust:Live 2023, an exclusive in-person event for all fraud and identity decision makers that brings together industry leaders, experts and innovators to discuss the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models

31 January 2023

News/crypto

Visa files metaverse and NFT trademark applications

Visa has filed two trademark applications related to the metaverse, non-fungible tokens and digital currency wallets.

01 November 2022

News/retail

Portugal's BPI opens VR branch

Portuguese bank BPI is entering the metaverse, opening a virtual reality branch that customers can visit through Meta's Oculus VR headset.

28 October 2022

News/payments

JP Morgan invests in Second Life's payment platform Tilia

JP Morgan has made a strategic investment in Tilia, the payments platform initially built to power the economy of online virtual world Second Life.

19 October 2022

News/retail

PKO Bank Polski opens metaverse outpost

PKO Bank Polski, the largest bank in Central and Eastern Europe, has moved one of the most recognisable buildings in the capital of Poland into the metaworld, where it has set up a virtual branch on the Decentraland platform.

07 October 2022

News/Sibos

Sibos 2022: Uncovering value for banks in the Metaverse

As Sibos edges ever closer, Finextra has reached out to a clutch of the conference’s expert speakers to share their thoughts on leading industry trends and what they expect to take from Sibos 2022.

04 October 2022

News/crypto

Nedbank enters the metaverse

Nedbank is to become the first African bank to enter the metaverse, buying 144 plots in yet-to-be-built Unbutuland to create a virtual financial services village.

22 September 2022

News/sustainable

DBS enters the metaverse to promote ESG efforts

Asian bank DBS has teamed up with decentralised gaming virtual world The Sandbox to launch a metaverse experience showcasing ESG ideas and initiatives.

12 September 2022