Predictions - Long Reads, News, Articles & Research: Finextra

Banking as a Service requires an ‘outside-in’ approach

A mindset shift is permeating the banking sector. Historically, banks were closed shops, focused on selling an ever-wider range of their own products and services in order to increase revenue and growth. No more. Finastra’s Financial Services State of the Nation Survey 2021 found that 94% of financial institutions agree that Open Banking is a must...

30 November 2021 /predictions

PREDICT 2022: Cloud, migration, AI, innovation, and more

Madhvi Sonia Head of Content at Finextra

PREDICT 2022: Cloud, migration, AI, innovation, and more

Ahead of 2022, we will be creating a channel on Finextra that collates content on the future of fintech and industry predictions. Here, we will gather long form articles, clustered together, and presented on one page. We will also share these insights on our social channels and with our community via email. I welcome our community to send over the...

23 November 2021 /predictions

Fintech in the USA: 4 trends, their implications, and the way forward in 2022

Madhvi Sonia Head of Content at Finextra

Fintech in the USA: 4 trends, their implications, and the way forward in 2022

To disprove the zeitgeist often associated with the arguably stagnant US financial services industry, the new kids on the block – fintech firms – are now actively solving problems that have lasted and hindered consumer financial lives for too long. According to Insider Intelligence, in-store mobile payments for the US are set to hit $125 billion i...

22 October 2021 /predictions

Justin Bercich

5 Anti-Money Laundering trends for 2021

1. New transaction threshold will increase operational pressures With the US making moves to lower the suspicious transactions threshold from $3,000 to $250 – meaning any transaction above $250 will have to be investigated manually – we will likely see banks forced into significantly increasing their operations to cope. Banks are being squeezed fr...

16 March 2021 /predictions

How technology can support finance professionals in driving business growth

Hugh Scantlebury Founder & CEO at Aqilla

How technology can support finance professionals in driving business growth

Finance teams are a key component of any successful organisation. As well as their pivotal analysis, management, reporting and governance responsibilities, modern, high-performing financial professionals play a growing part in shaping direction and growth strategy. In recent years, the finance professional’s role has evolved from its traditional s...

10 March 2021 /predictions

Payments in 2021: Putting futureproofing to the test via digitisation, speed and data

Retired Member

Payments in 2021: Putting futureproofing to the test via digitisation, speed and data

Following a turbulent and challenging 2020, businesses have been reminded with stark force of the need to be as prepared as possible for whatever lies ahead, futureproofing where they can. Future market trends are harder to predict than ever, with the growing influence of politics on financial markets and the addition of Covid-19 bringing a new di...

09 March 2021 /predictions

Finance teams have been left in the dark on the real cost of working from home

Carlo Gualandri CEO at Soldo

Finance teams have been left in the dark on the real cost of working from home

2020 was a year like no other and hugely challenging for businesses across the board. Thankfully, with the UK’s vaccine roll out, we can hope, with cautious optimism, that we are only a few months away from the pandemic’s end. Entire sectors of the UK economy are currently shutdown, but it’s clear that even when they re-start, it won’t mark a retu...

09 March 2021 /predictions

Financial crime compliance takes centre stage as digital adoption accelerates

John Rayment CEO at Identitii

Financial crime compliance takes centre stage as digital adoption accelerates

2020 saw digital adoption accelerate across the global financial services industry, the impact of which will be felt into 2021 and beyond. In 2021, we will see digital transformation continue to accelerate as financial institutions look to adapt to changing customer demands and new ways of working. The challenge here is the legacy technology still ...

04 March 2021 /predictions

Why empathy will be what defines the success of BBLS and CBILS lenders

Retired Member

Why empathy will be what defines the success of BBLS and CBILS lenders

The rollout of UK Covid loans will continue into 2021, presenting both challenges and opportunities for banks. For lenders the challenge has shifted beyond processing loans – it lies in handling ongoing customer relationships and managing loans effectively in the coming year. There is a requirement to focus on customer care as many of the borrower...

03 March 2021 /predictions

Accelerating Payments: Is Cash Still Relevant?

Retired Member

Accelerating Payments: Is Cash Still Relevant?

When did you last use an ATM? Or pay for something in cash? The chances are that, for many people, the answer is months ago – perhaps even before the pandemic. Innovation in electronic point-of-sale technology means that paying digitally is now the norm, even at the market, coffee takeaway or corner shop. In March 2020, the World Health Organisat...

02 March 2021 /predictions

Financial Regulations and Compliance: What Changes to Expect in 2021

Retired Member

Financial Regulations and Compliance: What Changes to Expect in 2021

2020 was a rough year for the financial services industry. Between the Covid-19 pandemic and the FinCEN files leak, several shortcomings within the sector were exposed, while global regulators continued to slap Financial Institutions around the world with hefty fines. By December 2020, global FIs were fined a total of $10.6 billion for non-complia...

01 March 2021 /predictions

What to expect across core banking this year: Embracing fintech, more APIs and enabling DIY Finance

Retired Member

What to expect across core banking this year: Embracing fintech, more APIs and enabling DIY Finance

While financial institutions were already boosting their focus on technology pre-pandemic, the Covid-19 outbreak hit the fast-forward button on this digitisation progress with force. We’ve all seen how banks and financial institutions have stepped it up when it comes to process handling amidst the crisis, helping fill the void created by lengthy q...

01 March 2021 /predictions

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