Research/analysis

1679 articles tagged with this keyword

/retail

Challengers beat incumbents on account opening experience

Many of the UK's leading high street banks have fallen behind their upstart digital rivals when it comes to making it easy and fast to open an account, suggests a review of 12 players' user experience.

/retail

Fintech is an opportunity, not a threat - Hong Kong's banks

As they face up to competition from a slew of new 'virtual banks', Hong Kong's traditional lenders are broadly optimistic about their future in the fintech era.

/crypto

Is it time to believe the blockchain hype?

Finextra Research has collaborated with Deloitte's Richard Walker, HSBC's Mark Williamson and Ciaron Roddy and BBVA's Francisco Maroto amongst others and to produce a detailed report on the future of blockchain technology in financial services: Where is the industry now? Where could it go? How do we get there?

/retail

Fintech revenues to hit $500bn by 2030 - UBS

The global fintech industry is at an inflection point, with revenues set to grow from $150 billion in 2018 to $500 billion in 2030, according to research from UBS.

/retail

Finos adds members

Finos (the Fintech Open Source Foundation), a nonprofit whose mission is to foster adoption of open source, open standards, and collaborative software development practices in financial services, today announces the addition of three new leading financial services and technology companies to its prestigious membership roster already comprised of leading financial institutions, fintechs and consultancies.

/crypto

Malfunctioning stablecoins could hit financial stability - ECB paper

If a stablecoin, such as Libra, reaches a global scale, any malfunctioning could pose a risk to financial stability, warns a European Central Bank paper.

/retail

FS workers want employers to do more to help them work from home

As banks consider shrinking their real estate permanently in the wake of the Covid-19 pandemic, a survey of British financial services workers shows that two thirds believe that their company should be doing more to help them work productively from home.

/sustainable

Basel Committee takes climate-related risk stocktake

Many national regulators are already undertaking regulatory and supervisory initiatives on climate-related financial risks, according to a BIS report, although most have not yet factored the mitigation of such risks into the prudential capital framework.

/payments

Covid-19 spurs contactless payments takeup - Mastercard

As shoppers around the world adjust to social distancing measures, more than three quarters are now using contactless payments, according to a Mastercard study covering 19 countries.

/payments

UK cash withdrawals plummet 60% during Covid-19 lockdown

The Covid-19 pandemic is radically changing cash usage in the UK, with ATM withdrawals falling 60% during the lockdown and three quarters of Brits reporting that their use of paper money is down.

/retail

Covid-19: fintech funding already contracting - Forrester

Fintech funding contracted in the first quarter of 2020 as the Covid-19 fallout began to hit late on, according to a Forrester report that warns that many firms will bite the dust as the crisis really kicks in.

/startups

Lending startups vulnerable to Covid-19 slowdown - report

While some parts of the European fintech scene, such as lending, are vulnerable to the economic fallout of the Covid-19 pandemic, others, including payments, have a tough but defensible position, says a new report.

/inclusion

Fintech to spur financial inclusion

Fintech can spur financial inclusion by facilitating payments, but it is not a panacea and comes with risks that need to be managed, concludes a report by the Committee on Payments and Market Infrastructures (CPMI) and the World Bank.

/security

European payment terminal fraud up 35% in 2019

The European Association for Secure Transactions (EAST) has just published a European Payment Terminal Crime Report covering 2019 which reports that terminal fraud attacks were up 35%.

/sustainable

BofA global environmental exec: Addressing climate change goes beyond business-as-usual

Alex Liftman, global environmental executive, Bank of America (BofA), believes “significantly accelerating progress on addressing big global issues like climate change requires going beyond business-as-usual financing to find innovative approaches that can help attract a larger share of capital from a broader set of investors.”

/covid-19

Covid-19, cash, and the future of payments

Despite public concern that Covid-19 is being transmitted by cash, scientific evidence suggests the risk is low compared with other frequently touched objects, including PIN pads, says a bulletin from the Bank for International Settlements (BIS).

/payments

Banking industry sets out vision for EU payments market

With payments revenue taking a massive hit in the face of the Covid-19 pandemic, the European banking industry is looking to the future, setting out its vision for the future of the market.

/startups

Greater Manchester top UK fintech region outside London - report

A new report from Whitecap Consulting has found Greater Manchester is home to a thriving and growing FinTech sector, which (outside London) is the largest regional FinTech ecosystem in England.

/covid-19

Rush to digitisation will see fintech sector flourish post-Covid-19

As the fintech sector struggles through the Covid-19 economic fallout, a report from VC Finch Capital offers some light at the end of the tunnel, suggesting that the crisis could ultimately end up benefiting the industry by accelerating the rush to digitisation.

/crypto

Banque de France plans CBDC experiments

France's central bank is calling for applications from firms interested in experimenting with the use of a digital euro for interbank settlements.