Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Remote work poses regulatory risks - survey

Smarsh, enabling organizations to manage risk within their digital communications and future-proof their compliance and supervision, today released its 10th Annual Risk & Compliance Survey Report, capturing the responses of more than 100 compliance professionals in the financial services industry.

23 February 2021

News/security

80% of Irish targeted by fraudsters

Four in five people in Ireland say they have received a text, call or email in the last year that they believe was from fraudsters, according to an AIB survey.

22 February 2021

News/payments

FCA to regulate BNPL sector as Brits struggle to pay back Christmas spending

The UK's Financial Conduct Authority is to introduce new rules for buy now, pay later firms amid mounting fears of a growing debt burden for cash-strapped shoppers.

02 February 2021

News/crypto

Bitcoin may 'break down altogether' - BIS chief

Bitcoin may "break down altogether", according to BIS general manager Agustin Carstens, who has also poured cold water on stablecoin projects such as the Facebook-led Diem and argued that if digital currencies are needed they should be issued by central banks.

29 January 2021

Company update/payments

US Faster Payments Council publishes 'state of play' report

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today released its first State of Play in U.S. Faster Payments report. Developed by the FPC Network Committee, the report is available for download in the FPC’s Faster Payments Knowledge Center.

28 January 2021

News/retail

Strong digital sales capabilities lead to big growth benefits for banks - research

Banks with mature digital sales processes achieve far higher growth in deposits and loans than their less advanced rivals, research from vendor Backbase suggests.

26 January 2021

News/sustainable

AFME: ‘Financial materiality is not sustainable finance’s end goal’

In conversation with Richard Peers for Finextra TV, Tonia Plakhotniuk, associate director, policy (sustainable finance & financial reporting) at the Association for Financial Markets in Europe (AFME) traverses a number of predications we can expect to see around sustainable finance in 2021.

25 January 2021

News/inclusion

Third of Indian households use digital payments

A third of Indian households use digital payments, with usage spread across income groups, according to a survey.

18 January 2021

News/retail

UK and US digital challengers see strong growth in 2020

With digital banking gaining popularity during the Covid-19 pandemic, challenger banks on both sides of the Atlantic have seen surging customer growth over the last year.

15 January 2021

News/people

Oxford University professor: ‘There is a real threat that fintech will set gender diversity back’

One of Sibos’ first panel sessions for 2021, ‘Make 2021 the year to improve your bank’s diversity’, saw panellists raise concern over the lack of diverse representation in financial services, particularly fintech.

12 January 2021

News/people

Fintech and payments salaries declined by only 1% in 2020

Salaries in the fintech and payments industry held up well despite turbulent conditions last year, seeing a decrease of only 1%, according to research by recruitment consultancy Headcount.

11 January 2021

News/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.

08 January 2021

News/cloud

Future-proofing payments technology with cloud migration

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

07 January 2021

News/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.

17 December 2020

News/retail

Brits still wary of trusting neobanks

Despite racking up millions of customers in recent years, digital challenger banks are still facing a lack of trust among Brits, most of whom do not even have faith that these new lenders will exist in a years' time, two new reports suggest.

10 December 2020

News/people

Survey highlights data scientists shortage

The search for meaningful data insights has highlighted the shortage of specialised data science skills within the financial services industry.

09 December 2020

Company update/startups

Oliver Wyman and SFA publish report on Singapore's fintech scene

Jointly authored by Singapore FinTech Association (SFA) and Oliver Wyman, the ‘Singapore FinTech Landscape 2020 and Beyond’ Report highlights Singapore’s evolution as a centre for FinTech innovation over the past five years and forecasts the upcoming trends expected in the next five years.

09 December 2020

News/payments

Payments have become tech arms race say banks

The vast majority of banks (94%) believe that the Covid-19 pandemic has turned the payments market into a technology arms race for which they are unprepared.

07 December 2020

Company update/payments

Codebase and AMF publish Mena open banking report

Codebase Technologies along with the Arab Monetary Fund (AMF) and the MENA Fintech Association (MFTA) have published a report on an “Open Banking Vision from the Arab World.”

07 December 2020

News/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.

03 December 2020

Research/analysis