1068 Results from 2020
Retired Member
Fintech start-ups are known for being agile and efficient and they now have their eyes on the banks’ revenue sweet spot. These new entrants, have a well-established online presence, they are targeting merchant services and managing to hold on to them through mobile access. To stave off this threat, banks need to work with merchants to strengthen t...
29 May 2020 /payments /wholesale Fintech, you get me!
Whilst lockdowns are being lifted in some parts of the world, few expect a return to pre-coronavirus norms. However, while work-life habits may have changed, in sectors such as FinTech working patterns were already much more flexible and fluid. Indeed, in financial services more broadly, rapid and transformative change is constant and has been give...
29 May 2020 /regulation /covid-19 Financial Services Regulation
Mike Kiser Senior Identity Strategist at SailPoint
Have an identification card in your wallet? With a selfie and a few short minutes, you could have access to a business bank account. Small and medium enterprises (SMEs) have long been the fuel that drives the global economy, representing around 90% of businesses and more than 50% of employment worldwide. Over the last few years, a range of financ...
29 May 2020 /security /identity
Freddie McMahon Director Strategy and Innovation at DF2020 Ltd
Now is the time to challenge convention Our interactions with regulation play a ubiquitous and increasing role in the world economy. Individuals and organizations interact with regulation to ensure compliance and safeguard actions within firms, between firms and all the way through markets to the end consumer. Given the pervasive nature of interac...
28 May 2020 /regulation /covid-19 Financial Services Regulation
Hannes Van Rensburg Chief Commercial Officer at Clickatell
As digitalization has transformed businesses the ever-present threat of fraud has grown exponentially. However, banks and their users are increasingly realizing that using chat platforms to manage and mitigate fraud offers them immediate and significant gains. According to security company, Kaspersky, the number of unique malicious objects detecte...
28 May 2020 /payments /retail Finance 2.0
Yamen Bousrih Manager Business Expert at Vermeg
After the announcement by Swift to postpone the ISO20022’s go live for X-Border payments, we highlighted (based on the ECB’s decision to maintain ESMIG and T2-T2S go live for 2021) that this will have an impact on the European banks as they will have to manage this delay by maintaining their capability to receive and send SWIFT Message Type (MT) d...
28 May 2020 /payments /covid-19
Thomas Pintelon Head of Strategy at Capilever
The impact of the current crisis on counterparty risk models One could argue, that in a similar way that social distancing can limit the epidemic spread in the current health crisis, applying correct counterparty risk measures can prevent the contagion and propagation of financial defaults. Not by excluding companies from doing business, but by he...
27 May 2020 Financial Risk Management
Maintaining the Adviser and Customer personal relationship. Face to face is obviously always going to be the best option; sadly, with social distancing, we have to come up with the next best thing. Could this be it? Is there life on Mars? A new way of meeting face to face – How about the Micrashell Hazmat Suit as reported by Billboard, designed fo...
27 May 2020 /cloud /covid-19 Digital Banking Trends
Doug Gross CEO at NGDATA
Recently we were Finextra’s guest for a webinar on 'Big Data: Empowering banks to drive customer-centricity'. We shared insights on how we see the banking industry changing due to several causes. An overview. You and the customer, you’re not exclusive. Yikes. We hate to break it, but your customer is seeing other people. In the UK and the US, one-t...
26 May 2020 /retail /covid-19 Fintech
The last decade has been incredible for fintech, with advancements being made across a range of areas including retail banking, wealth management and, in particular, payments. To give some perspective, in 2019 we saw 64% of consumers worldwide using one or more fintech platforms, nearly twice the amount of those taking advantage of them just two y...
26 May 2020 /payments /regulation Fintech
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