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

Company update/startups

Singletrack secures private equity investment

Singletrack, the capital markets client engagement and analytics expert, today announced a significant capital growth investment from Accel-KKR, a leading technology-focused private equity firm.

27 June 2022

News/regulation

Klarna exec blasts 'mind-boggling' Barclays BNPL research

Tensions between the traditional banking sector and the increasingly popular buy now, pay later industry spilled over this week as Klarna hit back at Barclays' research on BNPL regulation, calling it "mind-boggling" and irresponsible".

24 June 2022

News/retail

Forrester identifies incumbents at forefront of mobile banking

Forrester Research has released a report analysing 13 different mobile banking apps across EMEA on user experience and functionality, concluding that Intesa Sanpaolo and BBVA lead in both accessibility and efficiency.

24 June 2022

News/regulation

EBA calls for PSD2 and E-Money Directive to be merged

PSD2 should be merged with the Electronic Money Directive, says the European Banking Authority (EBA) in response to the EC's call for feedback on the directive.

23 June 2022

Company update/sustainable

Fintechs increasingly focused on ethical and sustainable growth - report

A new whitepaper issued by The Payments Association, (previously the Emerging Payments Association or EPA), aims to become a how-to guide to ethical and sustainable growth (ESG) for the FinTech industry.

14 June 2022

Research/Research/analysis

The CIO’s guide to architecture modernisation through portability, resilience, and flexibility

14 June 2022 397 downloads

News/crypto

Zumo scores government funding for crypto decarbonisation push

Following a successful pilot, Edinburgh-based cryptocurrency platform Zumo has received government funding to continue its work on decarbonising crypto.

08 June 2022

Company update/payments

Marqeta: 77% of Gen Z favour mobile over physical wallets

Marqeta, the global modern card issuing platform, has today released its 2022 State of Consumer Money Movement report looking at consumer payment, banking and shopping preferences, showing digital adoption is on the rise. The company surveyed of 4,000 consumers across three continents, including 1,000 UK respondents, showed that 61% of consumers feel confident enough with contactless payments to leave their wallet at home and just take their phone – a figure that rises to over three quarters (77%) for UK Gen Z respondents (i.e. those aged 18-24).

27 May 2022

Research/Research/analysis

The Future of Payments 2022

27 May 2022 1741 downloads

News/payments

BaaS hits the mainstream for US banks - CCG

CCG’s second annual US banking study titled ‘The Banking Battleground 2022: Finding the opportunities,’ has found that US bank executives are showing strong interest in pursuing and offering Banking-as-a-Service (BaaS) options.

20 May 2022

News/security

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