1223 Results from 2024
Alex Kreger Founder & CEO at UXDA
According to Fenergo estimates “poor customer experience” is costing financial institutions $10 billion in revenue per year. 36% of financial institutions have lost customers due to inefficient or slow onboarding, and 81% believe poor data management lengthens onboarding and negatively affects customer experience. How do you encourage users to not...
04 January 2024 /retail /devops Banking Strategy, Digital and Transformation
Steve Marshall Director of Advisory Services, at FinScan
Since January 1, 2024, the U.S. government now requires many firms to report information about who ultimately owns and controls them as an effort to ‘make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures’. The new requirement is enforced through the Beneficial Owne...
04 January 2024 /regulation /crime RegTech
Donica Venter Marketing coordinator at Traderoot
Keeping up with banking trends is not easy, especially when the competition is so tough, and the trends are ever developing. In this article, we look at some of the top trends banks should be exploring to avoid losing customers to fintech disruptors. In this blog post, we outline five key trends shaping the payments industry: Contactless Payments; ...
04 January 2024 /payments /predictions Fintech
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
AI-powered solutions are rapidly maturing, becoming a vital asset across numerous industries, particularly within finance. According to a Markets and Markets report, the global chatbot market achieved a valuation of $4.7 billion in 2022 and projected growth to $15.5 billion by 2028. The evolution of chatbots has vastly improved their linguistic ca...
03 January 2024 /payments /retail Banking Strategy, Digital and Transformation
Satyam Kumar Senior Software Engineer | Innovation Team | at GSC-India Societe Generale Bank
Previous year i.e., 2023 has clearly been a standout year in terms of advancements in field of AI domain. Traditionally it’s always been felt that to get the most out of AI one need a strong investment in infrastructure and support. It’s never been as clear as last year due to the virtue of advent of Generative AI. Most of the traditional AI tech...
03 January 2024 Artificial Intelligence and Financial Services
Steve Wilcockson Product Marketing at Quantexa
2023 was a troublesome year for many on our planet – wars, violence, population displacement, catastrophes, extremism, higher costs of living and poverty. Folks working in our industry were comparatively lucky, some of us invigorated by the exciting GenerativeAI tornado. Just as HFT transformed the vocabulary of capital markets in the 2000s, and d...
03 January 2024 /regulation /markets Artificial Intelligence and Financial Services
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Citizens - at home and at work - will get accustomed to get all sorts of credentials to their identity wallets. One important life event for the citizen at home is the job application and at work the need to find skills to employ or deploy. The first step for education and qualification providers in all sectors is to deploy their own identity appl...
03 January 2024 /identity /predictions Innovation in Financial Services
Konstantin Rabin Head of Marketing at Kontomatik
Prop trading is a popular method for traders to get funded and boost returns by opening larger positions. Trading using a funded account allows traders to access different capital tiers, often starting at $5,000 and reaching as much as $1 million or above. Typically, traders pay monthly or one-time, refundable fees for funded accounts, which means...
03 January 2024
David Hensley Founder at Enryo Limited
The outlook for the cash industry in 2024 is a complex tapestry woven with threads of decline, resilience, and potential adaptation. Here are some key things to watch out for: Continued Decline: Cashless adoption: The trend towards cashless payments is likely to continue, driven by the convenience and security of digital transactions. Mobile walle...
03 January 2024 /payments /predictions Imagine a world without cash
2023 was the year when it was widely realised that e-identification - important as it is - is just one credential building the e-identity of citizens and organisations. With the already available EUDI-compliant general purpose and automatically interoperable wallet applications for all issuers, holders and service providers - we could start helpin...
03 January 2024 /retail /identity Artificial Intelligence and Financial Services
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.