Latest Predictions News: Finextra Research

Finextra's year in review

With 2022 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

23 December 2022

News/predictions

2023 predictions: Citi forecasts weakest annual global economic growth in 40 years

A recent Citi Global Wealth Investments (CGWI) report has predicted the weakest annual global economic growth in forty years, outside of the global financial crisis and pandemic shutdowns.

09 December 2022

News/crypto

ECB payments experts sound the death knell for bitcoin

Senior payments experts at the European Central Bank have dismissed bitcoin as a marketing scam that should not be legitimised by regulatory intervention.

30 November 2022

News/predictions

UK SMEs to prioritise international expansion in 2023 - Airwallex

A recent survey by Airwallex reveals that UK small and medium entreprises (SMEs) are highly motivated to expand abroad over the next 12 months, with a majority focused on markets in Europe and North America.

15 November 2022

News/regulation

Fund services firms lagging in digital journey

Despite the fact that the vast majority of trust, corporate and fund services see the benefit of adopting digital technology, only a third have actually started on their digitalisation projects.

07 November 2022

News/wholesale

Survey shows support for shorter settlement cycles

The majority of market participants expect the settlement cycle for equities to shorten to T+1 within the next five years, according to recently published research.

04 November 2022

News/crypto

Binance chief downplays CBDC threat to crypto

Central bank digital currencies (CBDCs) do not pose a threat to cryptocurrencies and would actually help build trust among sceptics by validating the underlying blockchain technology.

03 November 2022

News/crypto

Singapore Fintech Festival 2022: Inside Project Guardian

In a session titled 'Unlocking TradFi with DeFi' at Singapore Fintech Festival 2022, DBS, JP Morgan and SBI Digital Asset Holdings explored how they were able to launch the first industry pilot under MAS’ Project Guardian, exploring potential DeFi applications in wholesale funding markets after completing its first live trades.

02 November 2022

News/payments

AFP 2022: Europe and North America show mixed reception for new payment methods

Ahead of AFP 2022, Finextra caught up with Carl Slabicki, co-head of global payments at BNY Mellon, to discuss the recently released report, ‘What The Data Say’, in association with Aite-Novarica. The report explores how while “newer emerging electronic payments mechanisms are growing, legacy payment tools including checks and even cash remain resilient.”

24 October 2022

News/predictions

Brazil central bank chief predicts death of credit cards

Brazil’s central bank chief Roberto Campos Neto believes credit cards are on the brink of extinction due to growth in account-to-account based open payments.

15 August 2022

News/startups

Italy's Sella launches metaverse accelerator programme

Italian banking group Sella has launched an acceleration programme dedicated to startups focused on finance in the metaverse.

21 June 2022

News/startups

Santander launches global blockchain challenge

Banco Santander and Oxentia Foundation are inviting startups and scaleups from 11 countries to compete in a blockchain challenge and the chance to win cash prizes.

29 April 2022

News/crypto

Hong Kong publishes CBDC discussion paper

Hong Kong is pushing ahead with its exploration of a retail central bank digital currency, launching a discussion paper on the policy and design aspects of a potential e-HKD.

28 April 2022

News/crypto

ECB's Panetta calls for urgent action to curb crypto Wild West

Global regulators need to hasten efforts to introduce a coordinated framework to tackle the crypto-asset Wild West, the European Central Bank's Fabio Panetta has warned.

25 April 2022

News/retail

CBI launches campaign to get UK businesses to embrace fintech

Confederation of British Industry (CBI) president Lord Bilimoria has launched a campaign to get more businesses using fintech to fuel growth.

25 April 2022

News/predictions

Retail banks must embrace data-centric capabilities to see off fintech challenge - report

As fintech upstarts snap at their heels, retail bank executives are concerned that they are lagging in their ability to offer true omnichannel and personalised experiences, according to a report from Capgemini and Efma.

21 April 2022

News/predictions

Apple Pay most popular payments app with US teens

Apple Pay is the most popular payments app among American teens although the vast majority still regularly use cash, according to a survey.

11 April 2022

News/crypto

E-krona could be integrated into banks' existing systems - Riksbank

It should be possible to integrate an e-krona into banks’ and payment service providers’ own existing systems, Sweden's central bank has concluded following CBDC research.

07 April 2022

News/predictions

Metaverse economy could hit $13 trillion by 2030 - Citi

The Metaverse economy could be wort up to $13 trillion by 2030 while what counts as money in this next generation of the internet will look very different from today, according to a new report from Citi.

04 April 2022

News/predictions

Apple looks to bring payment processing in-house - Bloomberg

Apple is working to bring a host of financial services work, including payments processing, in-house to reduce its reliance on outside fintech partners, according to Bloomberg.

31 March 2022