Predictions

122 articles tagged with this keyword

/payments

Buy now, regret later? Brits face £2.3bn bill for Christmas shopping

A quarter of Brits used buy now, pay later services to fund Christmas shopping, setting up a £2.3 billion bill, according to Credit Karma.

/cloud

Future-proofing payments technology with cloud migration

Consumer expectations, behaviour and payment preferences are and will continue to evolve at an accelerated rate.

/crime

Last year’s challenges in financial crime will gather pace in 2021

As Covid-19's shadow continues to stalk economies as we move into 2021, the stakes are high for merchants and institutions alike to adapt to the challenges it presents, according to new report on financial crime mitigation.

/retail

Finextra's year in review

With 2020 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.

/regulation

Covid-19 changes compliance priorities

The Covid-19 pandemic has proved a challenge for financial industry compliance staffers who have had to adjust monitoring and alert coverage to adapt to the remote work transition during extreme market volatility, according to a Nasdaq survey.

/payments

Swift Community Update: Payments transformation in the UK

Financial institutions in the UK have faced a variety of challenges this year, including the complexities of the geopolitical environment and new and challenging macro factors caused by Covid-19 that will extend into the coming years.

/sustainable

Establishing and defining climate fintech as an industry in its own right

A lot has changed since the fintech boom of the 2010s and the subsequent genesis of innovation, new business models, new user experiences and the formation of new companies. Richard Peers, founder of Responsible Risk and contributing editor at Finextra Research speaks to Aaron McCreary, climate fintech lead at New Energy Nexus about how a similar wave will sweep through the sustainable finance space in 2021.

/cloud

Shifting to mission-critical: What are the key drivers of cloud adoption?

Cloud adoption for financial services firms has been on the rise over the past few years - a trend that has been further bolstered by the wave of digitisation brought on by the global pandemic.

/regulation

Bank of England warns of Brexit payment disruption

The Bank of England has warned that there could be some disruption to the processing of payments for consumers and businesses at the end of the Brexit transition period.

/retail

UK govt programme looks to connect global banks with British fintechs

The UK government has launched a global partnerships programme designed to help international financial institutions access British fintech.

/sustainable

Sustainable Finance Live: Building actionable ESGtech strategies with a partnership ecosystem

Finextra Research and Responsible Risk hosted Sustainable Finance Live this week, the third workshop in a series of events encouraging collaboration in the ESGtech space.

/sustainable

Sustainable Finance Live: Using real-time measurement of climate change to address risk

Finextra Research and Responsible Risk today hosted Sustainable Finance Live, the second virtual workshop in a series of events designed to create actionable ESGtech strategies and build an ecosystem of partnerships that will turn strategy into reality.

/people

Dr Ruth Wandhöfer to chair PSR panel through Covid-19 recovery, Brexit and BoE RTGS renewal

Dr Ruth Wandhöfer has been appointed chair of the Payment Systems Regulator (PSR) panel amid the regulator’s increased relevance as a policy strategist between a diverse group of banks, payment service providers, fintech firms and consumer groups as a result of the coronavirus pandemic.

/regulation

China hints more fintech regulation to come

Some of China's largest fintech companies may face more regulation following comments made by the top banking regulator.

/security

Cost of cybercrime to exceed $1trn in 2020

The worldwide move to remote home working has contributed to a massive rise in cybercrime costs which are expected to top $1trn for the very first time this year.

/security

UBS CEO: Innovation is not 2020’s trend, it's here to stay

Speaking at Singapore Fintech Festival, UBS CEO Ralph Hamers makes the case that while innovation and collaboration have not traditionally been the norm for financial institutions, the need to build symbiotic relationships with fintech is essential, particularly in the context of cybersecurity in a post-Covid-19, highly digitised world.

/startups

CCAF, World Bank, WEF: Covid-19 caused uneven growth across fintech

A joint report by The Cambridge Centre for Alternative Finance (CCAF), the World Bank Group and the World Economic Forum, has found that while 12 out of 13 fintech sectors reported year-on-year growth during the first half of 2020, significant discrepancies between sectors and regions remain.

/sustainable

WWF and World Bank report highlights opportunities in spatial finance

Ahead of Sustainable Finance Live, a Finextra Research and Responsible Risk event, WWF and The World Bank have released a report highlighting how the financial sector can benefit from the emerging field of spatial finance, complementing existing ESG data streams and providing an outline for a robust taxonomy.

/retail

Organisational alignment key to maximising open banking potential - survey

Senior management at European financial institutions see an opportunity in open banking, but a lack of internal alignment risks holding firms back from realising its potential, suggests a survey from Tink.

/sustainable

HSBC reaps environmental benefits of pandemic switch to remote advice

HSBC UK has found a silver lining to the coronavirus cloud, revealing that the switch to remote wealth and investment advice during the pandemic has saved nearly 900,000 sheets of paper.