Innovation

Finextra TV/crypto

The Potential of Programmable Payments

At EBAday 2024, Gilbert Verdian, Founder and CEO, Quant, explores how programmable payments can enhance the efficiency of both personal and business financial transactions. Highlighting the important role of the Regulated Liability Network (RLN) in the UK, the discussion turns to advancing programmable payments using both existing and tokenised bank deposits. Further, how innovations in programmable payments can reduce issues associated with failed transactions.

10 July 2024

Finextra TV/payments

Pioneering Innovation in Cross-Border Payments

Join FinextraTV as Mick Fennell, Business Line Director, Payments at Temenos, and Jan-Willem van der Schoot, Country Manager, Mastercard Netherlands, delve into the evolving landscape of cross-border payments. They discuss the current industry impacts, key challenges, and innovative solutions emerging to enhance efficiency. Learn about the driving factors behind strategic collaborations and why partnerships like the one between Temenos and Mastercard are shaping the future of global payments.

09 July 2024

Finextra TV/payments

How Composable Banking Platforms Can Support Digital Transformation in Corporate Banking

At EBAday 2024, Stefano Brega, Director & Head of Global Payments Practice, Be Consulting (Engineering Group) and Gianluca Finistauri, Head of Digital Corporate Banking & Open Banking, NEXI Group, discuss how composable banking can help financial institutions quickly adapt to changing customer needs and market conditions. Composable banking platforms offer benefits such as flexible, scalable and customisable solutions for different types of enterprises, and facilitate the creation of consistent and autonomous ecosystems that can also foster innovation through partnerships.

09 July 2024

Finextra TV/payments

Balancing Regulation with Innovation: Paving a Way Forward

At EBAday 2024, Erik Alstromer, Head of Product Europe and New Markets, Form3, comments on how financial institutions spend the majority of their time and resource on regulatory compliance and keeping up with their competitors. At EBAday, it was revealed that regulatory matters was the number one driver away from innovation, which is a disappointing revelation. The solution is two-fold: products must be built on the cloud so that change can be implemented flexibly and banks must partner with the ecosystem - gone are the days where one partner supports a financial institution with all projects.

08 July 2024

News/markets

UK Elections 2024: Labour's landslide victory

Keir Starmer’s Labour Party wins by majority in the UK general election that took place yesterday.

05 July 2024

Finextra TV/payments

Fintechs Transforming Payments and Investments

Join FinextraTV at Money2020 2024 as Galina Kersten, EMEA Head of Tech & Fintech Sales at Deutsche Bank, and Asya Karakus, Head of Banking Relations at SumUp, explore how fintechs are revolutionising payments and investments. They discuss the shift from cash to digital payments, including the impact of instant transactions. Discover how fintechs and banks collaborate to drive innovation and meet the evolving demands of consumers and merchants through advanced technologies like APIs and instant payment schemes.

05 July 2024

Finextra TV/crypto

How MiCA, Cryptocurrency and Blockchain are Key Drivers for the Fintech Industry

Join FinextraTV at Money20/20 2024 as Vedran Jankovic, Sales Head Virtual Asset Service Providers, Deutsche Bank and Lukas Enzersdorfer, Deputy CEO & Chief Operating Officer, Bitpanda, explore key trends shaping the financial industry and the role of fintech firms in reshaping these trends. The catalyst for this conversation is Deutsche Bank and Bitpanda's recent partnership to provide a cash management solution for the German market. This moment in time is a tipping point for the industry, with the incoming MiCA regulation, a harmonised framework that will provide banks with the guardrails they have been searching for to partner with fintech firms and virtual asset providers. This will also result in more efficient usage of Ethereum, Bitcoin and Solana, which will in turn, change the reputational view of blockchain.

04 July 2024

Finextra TV/payments

Is the era of A2A payments about to begin?

At EBAday 2024, Simone Del Guerra, Head of Central Institutions & International Sales, Nexi Group, talks about the development of A2A payments and how instant payments will be the catalyst for A2A payments in Europe. A2A payments are currently fragmented due to the user experience at point of sale not being as efficient as more popular payment methods such as credit cards or digital wallets and customers also do not have the knowledge of or trust in A2A payments. However, successful case studies from across the globe tend to be based on instant payments, driving home the fact that perhaps these two types of payment should be connected, particularly because this will in turn, push forward standardisation of overlay services such as Request to Pay, database proxy and use of QR codes.

04 July 2024

Finextra TV/payments

Payments as a Service - Modernising and Outsourcing

At EBAday 2024, Nadish Lad, Global Head of Product, Volante Technologies, sets the scene in regards to Payments as a Service, where the industry is at and the next steps for financial institutions looking to modernise further. Gone are the days of the traditional model where products were procured by banks and deployed in their own data centres. The future is PaaS, and the product and the delivery mechanism must be outsourced, leaving banks to focus on banking - assured that their infrastructure, upgrades and maintenance are well looked after.

04 July 2024

Finextra TV/ai

AI's Role in Shaping the Bank of the Future

At EBAday 2024, Lilia Christofi, EMEA Banking Leader, Microsoft, explores the potential risks associated with implementing AI in the financial services industry, but also the role that the technology can play in shaping the bank of the future. Financial institutions need to ensure that they are leading across AI adoption to mitigate any potential risks that may emerge.

03 July 2024

Finextra TV/payments

The Future of Next-Gen Payment Services Providers

Moshe Winegarten, Chief Revenue Officer at Ecommpay, discusses the evolution of full-stack providers and why many payments services providers can no longer position themselves as full stack providers. The conversation highlights how as we enter an era of next-gen full stack providers, there is added pressure for PSPs to keep pace to deliver the solutions merchants need as the payments ecosystem continues to evolve at a rapid pace.

03 July 2024

Long read/Innovation

Níamh Curran Senior Reporter at Finextra

UK election 2024: What each party’s manifesto outlines for fintech

02 July 2024

Finextra TV/payments

Why Flexibility is Paramount to Core Banking Transformation

Join FinextraTV at the Temenos Community Forum 2024 as Rodrigo Silva, Executive Vice President, Americas, Temenos, and Charles Kim, EVP & CFO, Commerce Bank, explore the path towards digital transformation and the challenges that both organisations had to overcome. The duo delve deep into the journey undertaken to update 30+ year old core banking systems across the business because they no longer met the bank's needs, due to their inflexibility. Starting with customer service and deposit systems, they highlighted that the next stage of the process was to transform private banking and lending, where flexibility was needed when underwriting loans. Core banking transformation can also support the wealth segment, where there is more complexity and compliance needs to be kept pace with.

28 June 2024

Finextra TV/payments

2025 - 2030: Predictions for Real-Time Payments, ISO20022 and APIs

At EBAday 2024, Akshat Saharia, Head of European Financial Institutions Product and Propositions, Global Payments Solutions, HSBC discusses the biggest changes to occur across the cross-border payments landscape in the next five years. While 90% of cross-border transactions complete in 30 mins, the other 10% can be delayed, resulting in frustration and a lack of transparency. Robust change will be seen with real-time payment schemes opening up for cross-border payments. In turn, with ISO20022 being mandated from November 2025, banks in the world will be operating with enhanced data, standardised information and LEIs which will significantly enhance STP and reduce costs. Digital transformation through the use of APIs will also bolster end-to-end connectivity, paving the way for value-added services offering increased transparency and verification with Confirmation of Payee.

28 June 2024

Finextra TV/payments

Building the bank of tomorrow

At EBAday 2024, Tsvetanka Nankova, Global Head of Sales, Institutional Cash & Trade Finance, Deutsche Bank, discusses what banks need to do to stay in the game and the key trends driving transaction banking innovation. A new wave of technology and digitalisation is emerging, and with this, and the way in which data and analytics is leveraged is also changing. The discussion explores the critical technology of the future, which includes AI, cloud and blockchain settlement, in addition to the regulations that are setting the guardrails for innovation.

28 June 2024

Finextra TV/payments

Using Process Automation to Remain Resilient Across 3LOD

FinextraTV and Guy Mettrick, Industry Vice President - Financial Services, Appian, explore how the technology landscape has changed over the past decade and how technology has become a facilitator for operational resilience. Further, with new forms of AI emerging, operational resilience should also be considered, but must not get in the way of innovation. The way forward is process automation and ensuring that technology can be used to mitigate fraud, financial crime, and risk management across the three lines of defence.

20 June 2024

News/ai

Finextra launches NextGen:AI, a new event defining AI's future in financial services

Join Finextra in London on 26th November 2024 to challenge the perception of AI and its role in financial services.

14 June 2024

News/payments

EBAday 2024: Fintech Zone finalists revealed!

For the sixth year running, EBAday will host a dedicated Fintech Zone, where 16 early stage and growth startups will compete for the chance to be crowned the 2024 winner.

11 June 2024

News/startups

‘Real money to be made’ in treasury management says Bound CEO

Opening the final day of Money 20/20 Europe was a session exploring whether treasury management is broken.

06 June 2024