Research/analysis

News/crypto

Metaverse to place new demands on payment services - BIS

The metaverse could place new demands on payment services that may be better met by central bank digital currencies and retail faster payment systems than by crypto, according to a Bank for International Settlements report.

08 February 2024

Finextra TV/predictions

Responding to regulations: AI solutions boosting operational resilience in 2024

In anticipation of upcoming banking regulations, such as the EU's 2025 deadline, Sumant Kumar, CTO, Banking and Financial Markets, NTT DATA UK&I, provides insights into the impact of artificial intelligence on operational resilience for the year ahead. As a part of our Predict 2024 series, we explore how banks can deploy predictive AI to enhance operational efficiency, alongside the modernisation of infrastructure through converting legacy code with generative AI. We discuss how banks can employ supply chain risk management with the support of operations, improving both customer experience and security in the year to come.

05 February 2024

News/inclusion

Labour vows to make UK fintech leader

The UK's Labour party says it will deliver the next phase of Open Banking, become a standard setter for the use of AI, and embrace securities tokenisation and a digital pound if it wins the next election.

01 February 2024

News/crypto

US falling behind peers on CBDC progress, warns think tank

The United States' slow progress on central bank digital currencies is seeing it fall behind the likes of China, India and the European Union on the future of money, warns think tank The Atlantic Council.

29 January 2024

News/startups

UK fintech capital investment in 2024: far from 'rock bottom'

Innovate Finance held an event this week to launch their ‘Capital Investment in UK FinTech in 2023: Insights and Trends’ report, ahead of their Global Summit in London in April.

26 January 2024

News/regulation

BaFin increases focus on IT outsourcing risks

Cybersecurity and the outsourcing of IT services are among the greatest risks to the financial sector, warns a new report from German regulator BaFin.

24 January 2024

Finextra TV/payments

Upcoming changes in PSD3: The impact on 3DS ACS solutions

Yogesh Patel, CTO at Outseer, discusses the impact of new PSD3 regulations on 3DS solutions, what should be front of mind for issuers as a result and what to expect from the VISA & Mastercard protocol updates. We hear how data science plays a role with 3DS solutions, the key capabilities to expect from an ACS and how consortium data can help catch more fraud, specifically for CNP transactions.

23 January 2024

News/startups

Davos 2024: AI most relevant for fintech development until 2029

Bryan Zhang, executive director and co-founder of the Cambridge Centre for Alternative Finance at The University of Cambridge Judge Business School presented research on the future of global fintech, conducted in conjunction with the World Economic Forum.

19 January 2024

News/identity

Circumvention of identity controls accounted for 42% of Bank Secrecy Act reports

The US saw around 1.6 million Bank Secrecy Act (BSA) reports in 2021 tied to the exploitation of identity processes during account creation, account access, and transaction processing, indicating $212 billion in suspicious activity.

18 January 2024

News/startups

Global fintech funding halves

Global capital investment in fintech nearly halved in 2023 to $51 billion, with the UK seeing an even sharper decline, according to Innovate Finance data.

11 January 2024

News/crime

G20 faster payments roadmap could boost financial crime - report

The G20's plan to make cross-border payments faster, cheaper, more transparent and inclusive could increase fraud and money laundering, warns a new report.

08 January 2024

News/sustainable

AIB survey reveals cost of living influences sustainability decisions

45% of adults say that they are personally affected by climate change, a substantial increase from 37% in 2020.

05 January 2024

News/regulation

LLMs display cognitive shortfalls - BIS

When posed with a logical puzzle that demands reasoning about the knowledge of others and about counterfactuals, large language models (LLMs) display a "distinctive and revealing pattern of failure," according to a bulletin from the Bank for International Settlements.

05 January 2024

News/payments

Quarter of UK BNPL users charged late fees

Nearly a quarter of Brits that have used buy now, pay later services have been charged late payment fees, according to a survey for education charity the Centre for Financial Capability.

04 January 2024

News/payments

Finextra's top research reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded whitepapers, sentiment papers and surveys over the course of the past year. These reports are Finextra-led and cobranded, based on editorially balanced, independent, referenced desk-based and online research.

28 December 2023

News/sustainable

ADCB introduces the region’s first Mastercard Carbon Calculator

Abu Dhabi Commercial Bank (ADCB) has partnered with Mastercard to introduce the Mastercard Carbon Calculator in the Middle East.

08 December 2023

Research/Research/analysisEvent Report

Sustainable Finance Live - Sustainable Cities: Enabling positive change through innovation and collaboration

05 December 2023 101 downloads

News/sustainable

COP28: UAE commits $30bn to climate finance

The UAE has announced a $30 billion investment to launch a climate-focused investment vehicle at COP28, that will set the foundation to establish a more transparent climate finance system and provide funding and access to the Global South.

01 December 2023

News/retail

Finastra survey shows global investment in AI, embedded finance, and BaaS

Finastra’s annual global State of the Nation Survey revealed that the financial services sector is investing in new innovations in artificial intelligence (AI), embedded finance, and Banking-as-a-Service (BaaS).

01 December 2023

News/wholesale

Majority of UK banks already piloting GenAI

Nearly three quarters of UK financial services firms are now piloting the use of generative AI for things like ‘co-pilot’ employee efficiency tools, according to a UK Finance survey.

24 November 2023