Latest Research/analysis News: Finextra Research

Nationwide stops 2000 more frauds a month with SCA rules

Nationwide Building Society says that the introduction of Strong Customer Authentication (SCA) rules in March is helping it stop 2000 cases of online card fraud a month.

11 May 2022

Finextra TV/wholesale

The customer engagement imperative: What banks can learn from the FinTech playbook

Gareth Wilson, UK Banking and Capital Markets business lead, Capgemini & Elias Ghanem, Vice President and Global Head of Capgemini Research Institute for Financial Services, reflect on the growth of digitalization across the industry and a shift in customer needs. They discuss the challenges banks are facing as a result, what they should be investing in and leveraging to tackle this challenge, and how they can use data and AI/ML technologies to create superior customer experiences that drive growth. They also reflect on how positioning the CMO as a customer strategist and chief engagement officer can further enhance growth opportunities.

10 May 2022

Company update/payments

UK firms could save £1.3bn using instant payments - report

In a new report, Prime Time for Real Time, published by ACI Worldwide (NASDAQ: ACIW), the Centre for Economic and Business Research (Cebr) predicts that by 2026, £1.3bn could be made in cost savings for British businesses and consumers through real-time payments – helping to generate an additional £2.6bn in economic output, equivalent to 0.11% of formal GDP.

28 April 2022

Company update/crypto

NFT market returns to growth

After a somewhat successful year for the NFT market in 2021, sales began to dip in January and have been plummeting ever since.

22 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

Company update/predictions

BIS paper on CBDCs in emerging market economies

In recent years, emerging market economy (EME) central banks have increasingly engaged in projects related to central bank digital currencies (CBDCs).

14 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/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/regulation

Barclays addresses potential CBDC fragmentation in new paper

Barclays’ paper sets out a methodology for the mitigation of potential fragmentation risk presented by central bank digital currency (CBDC), through an architecture that places CBDC and commercial bank money on a similar footing.

01 April 2022

News/crime

Millions of Brits risking fraud by ignoring Confirmation of Payee warnings

Millions of Brits are putting themselves at risk by ignoring warnings that bank account details do not match when making a transfer, according to research from Lloyds Bank.

01 April 2022

Company update/payments

BNPL has Americans confused - survey

Findings from a new survey on consumer sentiments and understanding around Buy Now, Pay Later (BNPL) illustrates that while BNPL is growing in popularity among consumers with 31% of consumers having used the service, there are still several misconceptions and a prevalent lack of understanding around how BNPL companies operate, compete with traditional credit card companies, and serve consumers.

31 March 2022

News/retail

UK tech ecosystem worth $1 trillion, with fintech dominating

The UK's technology ecosystem is now worth $1 trillion, with fintech dominating the list of most valuable firms.

29 March 2022

News/crypto

Bank of Canada partners MIT on CBDC research

The Bank of Canada has teamed up with the Massachusetts Institute of Technology on a twelve-month research project on central bank digital currencies.

18 March 2022

Research/Research/analysis

Payments Transformation: Emerging Stronger

10 March 2022 913 downloads

News/crypto

Brazil central bank picks digital real challenge partners

Brazil's central bank has picked project proposals from nine firms - including Santander, Visa and Bitcoin Market - for a challenge investigating the development of a CBDC.

04 March 2022

News/regulation

UK merchants warned to get ready for imminent SCA

With the UK finally set to officially enforce Strong Customer Authentication (SCA) rules, vendor Forter is warning merchants that issuing banks are already issuing soft declines on transactions which have not been sent to 3DS and are not flagged as either exempt or out of scope.

04 March 2022

News/security

Danske Bank tests quantum communication for data transfer

Danish researchers are claiming a breakthrough in IT security after using quantum communication to transfer data between computers at Danske Bank.

01 March 2022

News/regulation

UK regulators publish AI report

The Bank of England and Financial Conduct Authority have concluded a year-long investigation into the role of data, model risk and governance in the use of AI in financial services.

18 February 2022

News/security

JPMorgan research uses quantum network to protect blockchains

Researchers from JPMorgan Chase, Toshiba and Ciena say they have built a quantum key distribution (QKD) network that can secure blockchain applications against quantum attacks

18 February 2022

News/sustainable

JPX investigates digitally tracked green bonds

Japan Exchange Group (JPX) is looking into the issuance of "digitally tracked green bonds" as a way of raising funds for its carbon neutrality ambitions.

15 February 2022