Luigi Wewege President at Caye International Bank
The fintech industry is constantly evolving and improving, and 2023 is no exception. It is predicted that the fintech space will multiply and reach $174 billion in 2023. The banking industry has recently experienced a massive surge in adopting fintech solutions as users become more tech-savvy. There are several emerging technologies in Fintech, an...
25 February 2023 /regulation /predictions Fintech World
Steve Morgan Banking Industry Market Lead at Pegasystems
Many will be keenly aware that the UK’s financial regulator the FCA is asking the retail banking sector to drive ahead with applying tougher customer service standards. With the initial July 2023 deadline on the horizon, keeping to their timetable should mean greater adoption of more agile development, low code and automation technologies and tech...
22 February 2023 /regulation Banking Regulations
Gery Zollinger Head Data Science & Analytics at Avaloq
Adoption of AI technology has come a long way in recent years, especially in the back and middle office of financial institutions where the ability of AI to sort vast quantities of data, automate repetitive processes and accurately identify outliers is particularly valuable. From anti-money laundering to payment fraud prevention, AI is helping fin...
21 February 2023 /regulation /wealth Artificial Intelligence and Financial Services
Yahya Mohamed Mao Head of Business Development & Marketing at Swiss GRC
Fintech, or financial technology, is transforming the way we manage our money. From mobile banking to cryptocurrency, there are a multitude of innovative financial products and services that are changing the financial landscape. In 2023, there are 10 fintech trends that are particularly noteworthy, including the rise of decentralized finance, the ...
21 February 2023 /regulation /predictions Fintech innovation and startups
Robert Sullivan Public Policy & Strategy Director at Token.io
On 25 November 2022, the Payment Systems Regulator (PSR) closed its consultation on new proposals to help address Authorised Push Payment (APP) scams. Before it proceeds to implementation, we encourage the PSR to consider the potential impact of its APP scam proposals on the ability of Open Banking-enabled account-to-account (A2A) payments to effe...
21 February 2023 /payments /regulation Open Banking
Nick Green Director at Purple Patch Broking Ltd
Using the right credit bureau has never been more important. Aside from the usual need for the best priced credit data – to keep profit margins lean and ensure credit providers can compete – the best quality data has always been important. However, this has been somewhat overlooked because an assumed trust has always been in place. But right now, ...
21 February 2023 /regulation /retail Fintech
Harriet Christie Chief Operating Officer at Mirrorweb
In 2023, digital archiving finds itself planted firmly in the corporate spotlight. The volume of data being consumed is growing rapidly in all facets of life, and certainly in the workplace. We have seen a proliferation of platforms and digital channels being used by businesses, particularly post Covid-19, and while the sheer volume of informatio...
16 February 2023 /regulation /cloud Data Management and Governance
Retired Member
The raising prominence of Data privacy: As per the market stats published by Statista, the amount of data/information generated, gathered, copied, and consumed is expected to reach 180 zettabytes by 2025! And a majority of the data generated is on customer and customer only! All of this can be used to infer valuable insights and patterns on the cus...
16 February 2023 /regulation Trends in Financial Services
Anna Monteiro Global Head of Business and Product Development at www.solutions-atlantic.com
There’s been a deluge of press about the collapse of Adani Group after a report from Hindenburg Research which accuses Adani Group of: stock manipulation, improper use of offshore tax havens to hide the amount of Adani’s family stock ownership in the group companies, and excessive valuations. Hindenburg releases this report and acknowledges that i...
15 February 2023 /regulation /markets Financial Services Regulation
Christopher Colley Industry-recognized CX leader at Financial Services
Did you make the grade? The Financial Conduct Authority (FCA) recently carried out a review of firms' implementation plans for Consumer Duty. Did you pass? Or do you need to take note — and swift action. To recap — the new Consumer Duty seeks to ensure that financial institutions operating in the UK act in good faith, avoid harm, and help consumer...
14 February 2023 /regulation /retail Banking Strategy, Digital and Transformation
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