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

Banks shift priorities toward growth, digitisation and innovation - survey

More than half of global banks expect to see their technology investment budgets rise by over 10% this year as they beef up cybersecurity and push for digital maturity, according to a survey from EY.

19 January 2018

News/Research/analysis

Goldman Sachs leads $38m Visible Alpha funding round

Investment research technology firm Visible Alpha has expanded its roster of big Wall Street name backers and set its sights on MiFID-led European growth after closing a $38 million funding round led by Goldman Sachs.

18 January 2018

News/Research/analysis

BofA leads on blockchain patents

Bank of America has filed for or received more blockchain-related patents in the US than any other firm, beating out Mastercard and IBM for the top spot, according to research from law firm EnvisionIP.

17 January 2018

Company update/Research/analysis

Survey shows consumer support for advanced customer journey management technology

An in-person customer satisfaction study, conducted in two different branches of a leading high-street banking provider in central London, has found that customers perceived that they waited for less time, had a superior arrival and welcome experience, and rated the branch higher overall where advanced customer journey management technology was implemented.

16 January 2018

News/Research/analysis

Europe begins Open Banking era in subdued style

The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.

15 January 2018

Company update/Research/analysis

Canadians ready for biometrics - Visa survey

A new Visa survey of 1,000 Canadians exploring awareness and perceptions of biometric authentication confirms that consumers continue to have a strong interest in new biometric technologies that make their lives easier.

12 January 2018

News/Research/analysis

Deutsche Bank paper hails 'huge' blockchain potential

There are huge opportunities associated with blockchain technologies, which could change the financial sector in a sustained way, according to a Deutsche Bank report which is less sold on the potential of cryptocurrencies.

08 December 2017

Company update/Research/analysis

Industry automation rates for cross-border fund orders rise to 87%

The European Fund and Asset Management Association (EFAMA), in cooperation with SWIFT, published a new report about the evolution of automation and standardisation rates of fund orders received by transfer agents (TAs) in the cross-border fund distribution centres of Luxembourg and Ireland during the first half of 2017.

07 December 2017

News/Research/analysis

Central bank digital currencies could cut costs for merchants and consumers

A central bank digital currency (CBDC) has the potential to become a cheaper and easier to use alternative to cash and cards, according to research from the Bank of Canada.

01 December 2017

News/Research/analysis

Banks are top targets for employee credential thieves

The banking sector accounts for nearly a quarter of all exposed employee IDs and passwords at FTSE 100 companies, according to analysis from cyber security firm Anomali.

29 November 2017

News/Research/analysis

Banks cite cyber security and outsourcing as operational risk concerns grow

More than half of European banks foresee an increase in operational risk as the fintech revolution brings concerns about cyber-security, IT failures and outsourcing problems to the fore, according to research from the EBA.

28 November 2017

News/Research/analysis

In Europe, cash still dominates at the POS

Cash still dominates at the point of sale in Europe, accounting for more than three quarters of all in store transactions in the euro area last year, according to an ECB study.

27 November 2017

News/Research/analysis

Cleveland Fed report comparing P2P lending to subprime mortgages removed for revision

A Federal Reserve Bank of Cleveland report which compared the peer-to-peer lending industry to the subprime mortgage market has been temporarily taken offline after questions were raised about the underlying data set.

21 November 2017

News/Research/analysis

Barclays warns of unprecedented online fraud this Christmas

You better watch out, you better not cry, you better not pout, I'm telling you why - cyber criminals are coming to town this Christmas, according to UK high street bank Barclays.

17 November 2017

News/Research/analysis

Brexit uncertainty causing skills gap say UK tech leaders

The ongoing uncertainty around freedom of movement post-Brexit is affecting the recruitment of technology talent and causing concern among UK tech entrepreneurs about a possible skills shortage.

16 November 2017

News/Research/analysis

Boardroom ignorance holding back bank's tech plans

Bank's IT departments are unable to pursue innovation with the latest digital technologies because they have lost influence in the boardroom with senior managers that do not properly understand new technology.

16 November 2017

Company update/Research/analysis

Luxembourg Bankers Association and Luxembourg University launch KYC/DLT research project

The Luxembourg Bankers’ Association (ABBL) and its Foundation for Financial Education in cooperation with the University of Luxembourg and its Interdisciplinary Centre for Security, Reliability and Trust (SnT) launched a joint research project on the distributed ledger prototype and data analytics for KYC (Know Your Customer).

16 November 2017

Company update/Research/analysis

intY warns of festive phishing scams

As the festive season approaches, organisations must ensure that staff remain increasingly vigilant of phishing attacks, delivered not only through external sources, but also supposed internal communications, such as emails from senior leadership teams, in relation to seasonal activities.

15 November 2017

News/Research/analysis

Singapore offers $20m grant for banks' AI and data projects

Singapore has stepped up its fintech ambitions with the offer of a S$27m ($19.91m) grant to promote the further use of artificial intelligence and data analytics in the financial services market.

15 November 2017

Company update/Research/analysis

Business school launches blockchain course for business executives

As blockchain technology promises to radically overhaul the nature of business, changing the job landscape and disrupting across industries, Saïd Business School, University of Oxford is launching a new digital blockchain strategy short course to prepare executives.

15 November 2017