Latest Research/analysis News: Finextra Research

AI adoption in UK FS sector grows but understanding lags

Three quarters of financial services firms in the UK are already using artificial intelligence, yet nearly half of these users have only a "partial understanding" of the AI they are deploying, according to a Bank of England and FCA survey.

22 November 2024

News/crypto

Australia seeks industry participation in CBDC project

The Reserve Bank of Australia is calling on industry players to take part in the experimental research phase of a project exploring the development of a wholesale CBDC and tokenised bank deposits.

12 November 2024

News/markets

On-chain privacy critical to unlocking blockchain potential - JPMorgan

On-chain privacy and advancements in identity management will be crucial to unlocking the potential of blockchain technology and asset tokenisation in financial markets, according to a JPMorgan white paper.

12 November 2024

News/ai

Fintech investment sector remains muted

Venture capital investment in US fintech remains muted, hovering near a six-year low for the sector, as deal flow has shifted toward the early stage, according to a report from Silicon Valley Bank.

28 October 2024

News/retail

Banking and credit financial complaints skyrocket in 2024 FOS reports

The Financial Ombudsman Service (FOS) has reported that they received 40% more complaints in the first half of 2024 than in the same period in 2023.

25 October 2024

News/people

FCA finds not enough firms have disciplinary policies in place

The Financial Conduct Authority (FCA) found that the amount of workplace complaints have increased between 2021 and 2023, in its non-financial misconduct survey.

25 October 2024

News/payments

Global payments in 2024: Simpler interfaces, complex reality

Global payment revenues will remain robust over the next five years, enabling the sector to unlock an additional $700 billion by 2028, according to a McKinsey report.

21 October 2024

News/sustainable

Sustainable Finance Live 2024: The role of ESG data in the nature capital marketplace

Founder of ResponsibleRisk, Richard Peers, moderated a session at Sustainable Finance Live called ‘What is the role of impact and ESG data in ensuring economic profit of nature capital in the marketplace?’, with speakers Cain Blythe, founder of Ecosulis and Credit Nature; Simon Crichton, head of nature, food, and resource at Triodos Bank; Giles D'Souza strategic business lead in remote sensing and GIS at Planet; James Lockhart-Smith, VP sustainable finance at Verisk Maplecroft; and Donna Lyndsay, strategic market lead environment and sustainability at Ordnance Survey.

08 October 2024

News/startups

Irish fintech spending falls by 90% in H1

The first half of 2024 has seen a dramatic decline in spending within Ireland's fintech industry, reflecting cautious investor sentiment.

03 October 2024

News/ai

AI adoption doubles in UK banking sector

There has been a "significant shift" in UK banks' attitude to AI with greater adoption and greater recognition of its benefits, according to recently published research.

02 October 2024

News/retail

Majority of UK adults "unaware" of open banking

A recently released survey has highlighted a widespread lack of awareness among UK adults when it comes to open banking.

02 October 2024

News/ai

AI set to revolutionise wealth management operations - survey

Artificial intelligence is set to revolutionise the wealth management industry, with nine in 10 investors believing the technology can used effectively for researching financial products and service.

02 October 2024

News/ai

Firms struggling to find RoI for AI projects

More than half of the companies investing in artificial intelligence (AI) projects have been unable to extract any tangible benefit, according to recently published research.

26 September 2024

News/wealth

Wealth managers failing to meet clients' tech expectations

Investors are prepared to dump their wealth managers if they fail to embrace new technology, suggests recently published research.

26 September 2024

News/regulation

Survey uncovers tech aversion within financial institutions

The majority of UK-based financial firms are risk-averse when it comes to new technology, according to recently published research.

24 September 2024

News/retail

UK consumers turn away from branch banking

British consumers are less bothered about bank branch closures than those in the US and Europe, according to recently published research.

23 September 2024

News/payments

Contactless takes the lead for Canadian in-store payments

The number of contactless payments in Canada increased by 17% in 2023 to reach 63% of all in-store transactions.

19 September 2024

News/payments

European A2A payments set for take off - report

The European Payments Initiative’s Wero wallet is likely to accelerate adoption of A2A payments, with 37% of payment executives anticipating it will significantly offset card transaction growth by 2027, claims a Capgemini report.

11 September 2024

News/security

Americans lost $5.6bn to crypto-related fraud in 2023 - FBI

Americans lost more than $5.6 billion in cryptocurrency-related fraud scams in 2023, a 45% rise on the previous year, according to the FBI.

11 September 2024

News/payments

Third of Brits now use mobile contactless payments

The total number of payments made in the UK increased by five per cent in 2023 with a third of Brits now regularly paying with a tap of their mobile phone, according to UK Finance figures.

24 July 2024