Research/analysis

1708 articles tagged with this keyword

/retail

As cash use falls, banks look to ATM pooling

With the Covid-19 pandemic accelerating the long-term decline in cash usage, banks are increasingly looking to pool or share their ATMs as a way to save money, according to RBR.

/inclusion

BIS study finds global fintech gender gap

There is a significant global fintech gender gap, with men far more likely to use financial technology products and services than women, according to a survey from the Bank for International Settlement (BIS).

/wholesale

Operational resilience becomes priority on the regulator agenda

A global study of financial services institutions has identified six areas of focus as operational resilience becomes a significant topic for regulators globally.

/covid-19

Canadians still spending less than pre-Covid; digital-first mindset here to stay

Payments Canada released the latest data on Canadian payments trends since the onset of COVID-19, showing that spending below pre-pandemic levels continues, and that Canadians demonstrate an ongoing reluctance to handle cash, payment terminals and ATMs.

/regulation

Sell side needs to invest in middle office - research

Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing, and Firebrand Research, a provider of research and advisory services, has today published a white paper highlighting the need for sell-side firms to re-evaluate their current processes and invest in the middle office in order to improve operational controls, reduce risk and support regulatory compliance.

/crypto

Cryptocurrency theft on the rise

Last year, the cryptocurrency sector witnessed increased mainstream adoption but it was accompanied by hackings and theft that resulted in the loss of millions of dollars.

/predictions

2020 Fintech funding down on 2019 but on the way back up

Global investment in fintech fell significantly in 2020 as the Covid-19 pandemic hit but picked up significantly in the second half of the year, according to KPMG, which expects a strong 2021 for the sector.

/security

Nearly half of firms want better regulatory support on data security and open banking

42% of financial services businesses want better support and guidance on data security in relation to open banking, according to the latest research by open banking provider YTS.

/sustainable

Financial institutions should focus on meeting sustainability goals, say quarter of Brits

New YouGov research shows how COVID-19 has significantly impacted consumers’ financial behaviours and priorities and will likely continue into 2021.

/regulation

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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.