Asta Grigaityte Chairwoman at Fintech Hub LT
This summer the European Parliament and the Council adopted a new regulation aimed at ensuring that payment institutions (PIs) and electronic money institutions (EMIs) can directly participate in payment systems managed by central banks. In short, starting next spring, all EMIs and PIs will be able to directly connect to payment systems across the...
14 October 2024 /payments
Tejasvi Addagada Enterprise Data Head at Fortune 500 financial service provider
What is Data Governance and Why It Matters in the Age of AI & LLMs In today’s rapidly evolving digital landscape, the value of data cannot be overstated. Data has become the lifeblood of innovation, driving decisions, shaping industries, and transforming how we live and work. However, with great power comes great responsibility. As organizatio...
13 October 2024 /ai /sustainable
Erica Andersen Marketing at smartR AI
As AI technology advances, the industry is actively working to meet the increasing demand for electricity and water to support the servers powering this innovation. A standard DGX computer, the gold standard for AI tasks, consumes more than 10KW of power. Big Tech is expected to purchase millions of these systems this year, surpassing the power u
13 October 2024 /ai /sustainable Artificial Intelligence and Financial Services
Retired Member
Introduction As European banking institutions quickly face up to key 2025 events for SEPA Instant compliance, there is a growing sense of urgency developing across the region. The SEPA Instant framework aims to standardise euro payments across the Single Euro Payments Area, with key milestones shaping regulatory and technical landscapes for financ...
11 October 2024 /payments /regulation SEPA and European Payments
Dmytro Spilka Director and Founder at Solvid, Coinprompter
Despite the rise of digital transformation and eCommerce, the future still looks bright for brick-and-mortar retailers. Thanks to new technological innovations in the field of fintech, it’s possible for stores to embrace some of the efficiencies of the online counterparts of offline stores. Statistically, brick-and-mortar retail is still as popu...
11 October 2024 /payments /retail
Nikunj Gundaniya Product manager at Digipay.guru
In today’s highly dynamic financial world, the necessity of viable solutions that allow unbanked and underbanked people to use banking services has become more pressing than ever. One of the primary strategies to cope with this problem is agency banking. This model allows banks to extend their services without the need to establish physical branch...
11 October 2024 /payments /inclusion Banking
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Our task - especially in banking - is now to take the ready parts of EU legislation and wallets into use – make the Trust Infrastructure real. WHY? Because we need to make life easier – cut the rising stress levels - for citizens at work and at home, make enterprises more successful, make EU more secure and transparent and cut CO-emissions in a...
11 October 2024 /retail /identity Innovation in Financial Services
Priyam Ganguly Data Analyst at Hanwha Q cells America Inc
Fraudulent activities within the financial services sector have escalated into a significant concern, with projections indicating that online payment fraud could result in losses exceeding $206 billion between 2021 and 2025. This stark reality has forced financial institutions to reassess their risk management strategies and seek more advanced fra...
11 October 2024 /ai /crime
It is well known that consumption of energy is growing too fast with today’s digital trends. The growth took off already with music, pictures, PDFs and videos. Then we got the YouTube video production explosion, Bitcoins and AI. An interesting Economist article notes that Americans now spend more time on watching YouTube than any other source of c...
10 October 2024 /retail /identity Innovation in Financial Services
Anna Antimiichuk Head of Communications, PhD at Corlytics
In an era dominated by artificial intelligence (AI), society stands at a crossroads. Do we take advantage of the unprecedented opportunities AI presents, or do we hesitate, waiting for the consequences of under-regulation to manifest? Lord Chris Holmes, MBE, in his recent speech at the #RISK conference in London, addressed this very dilemma, call...
10 October 2024 /ai /regulation
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.