1226 Results from 2024
Ravi Vasantraj Senior Vice President and Global Head at Mphasis
Organizations are embarking on a transformative journey integrating Artificial Intelligence (AI) to elevate service delivery. Projections indicate that global IT spending will reach USD 5.1 trillion in 2024, signifying an 8 percent increase from the last year. Although generative AI hasn't yet made a substantial impact on IT spending, Gartner pre...
14 February 2024 /payments /markets Banking Strategy, Digital and Transformation
Joris Lochy Product Manager at Intix | Co-founder at Capilever
In the financial services sector, Anti-Money Laundering (AML) continues to be a topic of intense debate. Discussions oscillate between advocating for stricter regulations and questioning the extent of banks' responsibilities in overseeing (policing) financial transactions. AML regulations are pivotal in preventing the use of financial institutions...
13 February 2024 /regulation /crime Banking Regulations
Christopher Little Chief Revenue Officer at finova
If there is a single word that encapsulates the appeal of the digital economy, it’s seamlessness. The facts are straightforward: customers like seamless tech experiences, whether that’s making a contactless payment at the supermarket or tracking their physical wellbeing on a fitness app. Naturally, they would expect the same ease of use from their...
13 February 2024 /retail Digital Banking, Mortgages and Savings
Arnaud Crouzet Vice President Security & Consulting at FIME
Instant payments allow users to transfer funds in a matter of seconds. The convenience and transparency that this allows businesses to provide has led to growing adoption as users demand a seamless payment experience. 75% of small and medium-sized businesses that use a platform or marketplace to run their business have voiced their desire for same...
13 February 2024 /payments
Konstantin Rabin Head of Marketing at Kontomatik
Financial technology or fintech is revolutionizing how we manage money, invest, and make payments. In other words, fintech is all about merging new innovative technologies and finance to create new products and services that make certain financial tasks much easier. However, the adoption of new fintech products is not always smooth and firms have ...
13 February 2024
Anuj Goel CEO at Cyware
Financial institutions face an evolving threat landscape that requires enhanced visibility across all assets, regardless of location or infrastructure. This presents a range of considerable and rapidly evolving challenges, and, as a result, organisations need to continuously assess how all the moving parts in their security operations are organise...
13 February 2024 /security Banking Strategy, Digital and Transformation
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
In an era of rapid technological innovation, the landscape of payment authorization is changing. The Reserve Bank of India (RBI) recently highlighted the necessity to look at alternatives to One-Time Passwords (OTPs) for protecting digital transactions. The call for development offers an array of options, offering both increased security and a bet...
13 February 2024 /payments /regulation Finextra site news
Nick Green Director at Purple Patch Broking Ltd
The FCA recently unveiled new consumer protection guidelines that signal a major shift in credit data management. These rules require financial services firms not only to meet formal compliance standards but also to proactively consider customer interests and welfare. In addition, the FCA simultaneously signaled that crowdfunding and peer-to-peer ...
13 February 2024 /regulation /retail Banking
Santosh Radhakrishnan Chief Commercial Officer at XYB Limited
Why the time is right to modernise Nobody ever said that replacing a core system would be cheap or easy, and we highlighted this previously when we discussed the challenges of replacing core banking. Nevertheless, not all projects to replace core banking have been failures. Below, we discuss the different ways that banks have approached core bank...
13 February 2024 /sibos /retail Banking
Glendy Kam Chief Product Officer at Tassat Group, Inc.
Organizations are actively searching for new channels to serve their partners and customers more efficiently, and smart contract technology is emerging as a leading tool to enhance business processes through automation. In 2022, seventy percent of business leaders report piloting automation tools in one or more business units or functions, up from...
12 February 2024 Blockchain in Banking and Financial Services
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