Latest Research/analysis News: Finextra Research

Company update/payments

Brits predict a cashless society

Open your wallet and take out a coin or banknote and the Queen’s portrait offers a symbol of permanence and security – but are the days of cash numbered?

02 May 2019

News/Research/analysis

Automation could displace 40 FS industry job roles - Singapore study

Dozens of financial services job roles will see much of their work taken by data analytics and automation in the next few years, according to a new report from Singapore, which is preparing for the radical workforce shift with a new career training programme focused on emerging technology roles.

24 April 2019

Company update/Research/analysis

DTCC paper outlines path to reduce trade failures

The Depository Trust & Clearing Corporation (DTCC) announced the release of a new paper addressing issues of trade failures in the institutional post-trade marketplace where greater technology adoption could help with growing problems in an era of cost pressures, heightened regulatory requirements, and increasing cyber security focus.

17 April 2019

News/security

Physical ATM attacks show explosive growth

The number of physical attacks on ATMs in Europe has risen for the fourth consecutive year, although this was partially offset by a fall in the number of malware and logical attacks, according to industry association East.

10 April 2019

News/Research/analysis

Barclays champions 5G, predicts £15.7 billion boost to UK economy per year by 2025

A new Barclays Corporate Banking report published today reveals that 5G could increase UK business revenues by a staggering £15.7 billion by 2025, despite industry leaders admitting they do not know enough about the benefits of the technology.

03 April 2019

News/Research/analysis

Digital account opening nears ubiquity

Banks in the West have upped their digital sales game, with most now allowing customers to open accounts online, according to a Temenos report.

03 April 2019

Company update/Research/analysis

Big Asian firms launch digitisation drive to transform corporate treasury

Large Asian companies are kicking off a large-scale drive to use new digital technology to make their treasury and banking operations better, cheaper, faster, and more transparent.

02 April 2019

News/retail

Mastercard vows to give consumers control of digital identity

Mastercard is taking on the tricky subject of digital identity, setting out its vision for a system that gives individuals control and stresses the importance of inclusion, confidentiality and transparency.

27 March 2019

News/Research/analysis

Banks of the future must maintain human touch

Technology has the potential to create seismic waves of change through banking that will alter consumer habits, but the industry will need to work hard to maintain trust and to ensure some customers are not left behind, says a report from UK bank CYBG.

22 March 2019

News/Research/analysis

41% of banks missed PSD2 deadline says survey

Close to half of banks (41%) failed to meet a recent deadline for the Payment Services Directive (PSD2) to provide a testing environment or 'sandbox' for any third party service providers (TPPs).

21 March 2019

News/Research/analysis

North Korea using bank cyberattacks to evade sanctions - UN report

North Korea has been using cyberattacks on banks and cryptocurrency exchanges to steal money and evade financial sanctions, says a new United Nations report.

20 March 2019

News/Research/analysis

UK embraces contactless payments

Total UK contactless spending rose by nearly a third last year to £69 billion, with tap and pay now accounting for more than 40% of all card transactions, according to industry figures.

15 March 2019

Company update/retail

New data sources could boost UK financial inclusion by 1.5m - Experian

Experian has targeted radically reducing the UK’s ‘Invisible’ population by harnessing the potential of new data sources, which can help organisations make more informed decisions.

12 March 2019

News/inclusion

UN report dismisses fintech sandboxes in developing economies

The rise of fintech has the potential to extend the benefits of financial inclusion to millions of people but also poses complex regulatory challenges, says a new UN-backed report which also questions the value of the increasingly popular sandbox approach.

15 February 2019

Company update/ai

AI to outperform human credit decisions by 2024 - survey

Artificial intelligence (AI) will produce more accurate, reliable and transparent credit decisions than human-based systems within five years, according to capital markets professionals surveyed by Intertrust.

21 January 2019

News/Research/analysis

EBA urges EU rules on crypto-assets

The European Banking Authority is calling on the EU to look into whether there should be a block-wide regulatory approach to crypto-assets.

10 January 2019

News/Research/analysis

The Innovation Game: Escaping legacy with new technology

APIs and cloud-based systems and low code developer tools are enabling banks to create a more open service, and this hybrid utilisation of new technology with legacy systems is a way to deliver new services, fast, without undergoing wholesale core transformation.

09 January 2019

News/Research/analysis

Apps more popular than online banking in UK

A survey has revealed that smartphone apps have surpassed online banking as the channel of choice for UK consumers.

09 January 2019

News/payments

Central banks proceeding with caution on own digital currencies

Most central banks are exploring central bank digital currencies (CBDCs) but hardly any are at the pilot stage and even fewer see issuance as likely in the short or medium term, according to a Bank for International Settlements (BIS) survey.

09 January 2019

News/Research/analysis

Apac banks see big benefits from Open Banking for commercial customers

Most large banks in Asia Pacific think providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programmes, and many expect it to help them achieve double-digit revenue growth, according to research from Accenture.

04 December 2018