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

Digital banks on track to treble customers in next year but profits remain elusive

Digital-only banks operating in the UK are set to experience massive growth over the next year, amassing 35 million customers around the world, according to research from Accenture, which nevertheless highlights obstacles to profitability.

03 September 2019

Company update/Research/analysis

Survey shows growth of P2P lending in Europe

Analysts of the P2P platform Robo.cash have studied the search activity associated with P2P lending in Europe.

30 August 2019

News/payments

Women in payments say gender discrimination still rife

More than three quarters of women in payments think that gender discrimination is still unacceptably high in the industry, with many saying that they have personally experienced bias based on their gender, according to a survey.

30 August 2019

News/Research/analysis

Fintech founders pessimistic about UK's post-Brexit prospects

As Brexit looms, UK fintech founders are pessimistic about the country's ability to remain a world leader in the field, according to a survey from the Digital Finance Forum.

27 August 2019

Company update/security

DSB reveals appetite for data and cybersecurity analysis

The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), for OTC derivatives, has today announced the results of their second 2019 industry consultation, revealing a significant appetite for further analysis on functionality that may be helpful in delivering improved data quality, standardization and automation as well as further strengthening the DSB’s cybersecurity processes and governance.

19 August 2019

News/ai

Dissecting AI hype and FOMO

While artificial intelligence is transforming several industries, the financial sector has a lot to learn from specific case studies in non-banking areas such as health, travel and retail. To start at the beginning, despite the term AI having been bandied about with a number of different definitions, the actual definition is simple: technology that appears intelligent.

19 August 2019

News/ai

The Future of AI: Applications for banking business transformation

While artificial intelligence has established itself as a disruptive technology for decades, AI is at the peak of the hype cycle now and banks have started to apply this technology to transform traditional models of businesses.

16 August 2019

Company update/regulation

Visible Alpha names Samantha Miller chief product officer

Visible Alpha today announced the appointment of Samantha Miller to the firm’s newly created role of Chief Product Officer. Miller joins during a high-growth year for the investment research technology company, which helps investment managers discover ideas through its flagship deep consensus platform and track and value research for MiFID II compliance.

13 August 2019

News/devops

How developers can leverage retail banking open APIs

Developers are now able to tap into the potential of PSD2 and open banking with no prior core banking experience and leverage open APIs to build retail banking applications. Anand Subbaraman, VP and general manager of retail banking, at Finastra believes that the potential for open APIs is limitless, and we are now in the fourth generation of banking.

30 July 2019

Company update/security

Fed paper examines synthetic identity payments fraud

Synthetic identity payments fraud is a fast-growing but little-understood problem that affects individuals, financial institutions, government agencies, and private industry.

09 July 2019

Company update/security

Online payments consumers prioritise security over speed - Equifax

British consumers care far more about online payment security than speed, simplicity and convenience, according to research from Equifax, the consumer and business insights expert

08 July 2019

Company update/Research/analysis

White paper calls for hedge funds to spend more on automation

Truss Edge, the fintech platform specializing in the automation of critical trading, reporting and data processing tasks within hedge funds, has today released the results of its 2019 white paper on Hedge Fund Portfolio Management Systems.

08 July 2019

Company update/Research/analysis

Ria hails international family remittance day

Ria Money Transfer, a subsidiary of Euronet Worldwide Inc. (NASDAQ: EEFT) and a leading company in cross-border money transfers, celebrated the International Day of Family Remittances held on June 16th, by acknowledging the positive impact of remittances in the socioeconomic development of middle- and low-income countries.

05 July 2019

News/payments

As Facebook's Libra looms, Deutsche Bank analyst hails cash's privacy

With Facebook's Libra project sparking a new feverish round of debate on the pros and cons of digital payments, a Deutsche Bank analyst is making the case for old fashioned cash on the grounds of privacy.

04 July 2019

News/security

Cybercrooks look to cash in on Facebook's digital currency

Cyber-scammers are scrambling to take advantage of Facebook's upcoming digital currency and wallet, registering domains related to Libra and Calibra in the hope of drawing in unsuspecting victims investigating the projects, say security researchers.

03 July 2019

News/devops

Open Banking could be worth £18bn a year to UK consumers and SMEs - report

Open Banking could realise £18 billion in value for British people and small businesses over the course of a year, claims an independent report, but only if the industry, government and regulators act to ensure the project realises its potential.

26 June 2019

News/Research/analysis

Carney positive on Facebook's Libra; says BofE could open up balance sheet to new players

Facebook's new digital currency, Libra, could "substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments," Bank of England governor Mark Carney has said in a speech during which he also revealed the central bank could open up access to its balance sheet to new payment providers.

21 June 2019

News/Research/analysis

Banks falling behind in digital transformation efforts

Despite investing more than $1trn globally in new technology over the last three years, the majority of banks have yet to see any financial boost from their digital transformation programmes.

20 June 2019

News/Research/analysis

Italy's banks to use DLT for reconciliations

The Italian Banking Association (ABI) has revealed that the country's banks will be using distributed ledger technology (DLT) to run its reconciliations as of March 2020, making it the first use of the blockchain among Italy's banks.

18 June 2019

Company update/Research/analysis

APAC mobile wallet market to exceed $140bn by 2024 - report

Global APAC Mobile Wallets Market is set to grow from its current market value of more than $35 billion to over $40 billion by 2024; according to a new research report by Global Market Insights, Inc.

17 June 2019