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

Organisational alignment key to maximising open banking potential - survey

Senior management at European financial institutions see an opportunity in open banking, but a lack of internal alignment risks holding firms back from realising its potential, suggests a survey from Tink.

02 December 2020

News/retail

‘Lifting the lid on Fintech’- customer-focused innovation or dangerous corporate power grab?

The finance sector's decision to ape Big Tech and adopt platform business models enabled and powered by the mass acquisition and manipulation of data is creating new risks for society, warns a report from the Finance Innovation Lab.

01 December 2020

News/startups

CCAF, World Bank, World Economic Forum study into Covid-19 impact on fintech: A sneak peek

In anticipation of the official launch, the Cambridge Centre for Alternative Finance (CCAF) invited industry participants to join an examination into the results of the Global Covid-19 Fintech Market Rapid Assessment Study, compiled in partnership with the World Bank and World Economic Forum.

01 December 2020

News/payments

Black Friday payment data reveals rapid growth of buy now, pay later

The use of buy now, pay later services like Klarna and ClearPay on Black Friday more than doubled in 2020, European data shows.

30 November 2020

News/payments

Coronavirus transmission risk from cash is low - BofE

The rush to abandon cash during the pandemic may be unnecessary, according to a scientific study from the Bank of England, which finds that the risk of Covid-19 transmission by banknotes is low.

24 November 2020

News/regulation

Startups call for Open Finance to break the dominance of banks

The UK needs to avoid an overly-standardised approach to Open Finance if it wants to break the dominance of banks and empower consumers, says a report from the Coalition for a Digital Economy (Coadec).

24 November 2020

News/cloud

Driving decisions through cloud migration and data governance

In today’s environment, data is produced and consumed at a rapid pace. However, the way it is currently being stored, accessed, and processed is inefficient.

20 November 2020

Research/Research/analysis

Accelerating Enterprise-Wide Innovation with Cloud Migration and Data Governance

20 November 2020 309 downloads

Company update/retail

Banking apps more popular than social media during pandemic - Mastercard

This year has seen people, including older generations, flock to banking online and on their phones to ensure they stay on top of their money and bills amidst the COVID-19 pandemic, according to new research from Mastercard.

19 November 2020

News/cloud

Electrifying cloud migration with strategy and security

The cloud can power innovation for financial institutions. As reported by McKinsey, 70% of banks are reviewing their core banking platforms and are beginning to leverage the potential that cloud-native services can deliver, as well as the offerings provided by technology vendors.

13 November 2020

Research/Research/analysis

Innovate and Launch: How banks can securely leverage cloud to expand into new markets

13 November 2020 576 downloads

Company update/cloud

DTCC publishes cloud tech white paper

The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today issued its latest white paper, “Cloud Technology: Powerful and Evolving”, which outlines key issues and best practices for firms considering cloud adoption.

11 November 2020

News/regulation

Sandboxes help fintech startups raise money

Entering regulatory sandboxes helps fintech startups raise capital, boosting financial innovation, suggests a BIS working paper.

10 November 2020

Company update/retail

AI boosting profits but not meeting customer expectations - report

While COVID-19 has catalysed financial services organizations to harness Artificial Intelligence (AI) to improve customer experience (CX), challenges in integration and customer perceptions are undermining its potential.

09 November 2020

Company update/regulation

BIS explores fintech in Latin America

Fintech in Latin America is greeting the dawn. We take stock of how it is transforming financial services in the region.

05 November 2020

Research/Research/analysis

Personalisation-as-a-Service: Harnessing Data in the Banking and Payments Industry

30 October 2020 524 downloads

News/regulation

Covid-19 spurs fintech regulation innovation - study

Covid-19 has led to a strong increase in the use of fintech products and services, prompting central banks and other financial authorities to step up their own regulatory innovation efforts, according to a report from the World Bank and the Cambridge Centre For Alternative Finance (CCAF).

29 October 2020

News/security

EBAday 2020: Fraud and cybersecurity - hitting the moving target

The COVID-19 pandemic has led to increased challenges for financial institutions who had to react quickly to the situation, with employees working remotely and increased communication taking place digitally.

23 October 2020

News/retail

EBAday 2020: Open Banking – where do we go from here?

Recent research from ING suggested that consumers remain suspicious and uninformed about open banking despite it now being firmly embedded into the financial services ecosystem across parts of Europe and elsewhere.

16 October 2020

News/payments

FSB publishes roadmap for improving cross-border payments

The Financial Stability Board (FSB) has published its roadmap for boosting cross-border payments, which have traditionally been slow, expensive and unreliable.

13 October 2020