Madhvi Sonia - Community Author: Finextra Research

Madhvi Sonia Head of Content at Finextra

Is Europe ready for MiCA?

Europe is currently at the tipping point of regulating cryptocurrency. The European Union has passed the Markets in Crypto-Assets Regulation (MiCA), which will establish uniform rules for crypto-assets across the EU market. Some of which many believe consumers have been in dire need of for some time. This is an excerpt from the Future of Digital B...

07 June 2024 /crypto

UK Elections 2024: What did Labour and the Conservatives promise ahead of the election?

Madhvi Sonia Head of Content at Finextra

UK Elections 2024: What did Labour and the Conservatives promise ahead of the election?

The UK will hold its first general election in five years on 4th July 2024, against the backdrop of the cost of living crisis, bank interest rates being cut, long NHS waiting lists, plans for asylum seekers and migrants to be deported to Rwanda, the Israel-Hamas war, the Russia-Ukraine war, and non-prioritisation of climate change mitigation. In...

06 June 2024 /regulation

Why credit and debit cards are more than just a payment instrument

Madhvi Sonia Head of Content at Finextra

Why credit and debit cards are more than just a payment instrument

Ahead of Money20/20 Europe in Amsterdam, Finextra caught up with Amanda Gourbault, chief revenue officer, CompoSecure, to discuss the future of cards and how they can be used 'beyond just payments,' for example, to enable digital security amid continued credit card fraud and account takeover (ATO) fraud. Cards being used 'beyond' payments As Gourb...

03 June 2024 /payments

US Elections 2024: Will a crypto-savvy President be preferred after the FIT21 bill?

Madhvi Sonia Head of Content at Finextra

US Elections 2024: Will a crypto-savvy President be preferred after the FIT21 bill?

May 2024 saw the US House of Representatives pass FIT21 – the Financial Innovation and Technology for the 21st Century Act – in what has been dubbed a watershed moment for the nation’s digital asset ecosystem. Moreover, a recent Harris poll of 1,700 people sponsored by bitcoin ETF issuer Grayscale revealed that a staggering 77% believe that a US p...

30 May 2024 /crypto

What is Mistral AI and why will Le Chat and Mistral Large rival ChatGPT-4?

Madhvi Sonia Head of Content at Finextra

What is Mistral AI and why will Le Chat and Mistral Large rival ChatGPT-4?

Arthur Mensch, former DeepMind researcher and CEO of Mistral AI, will take to the Exchange Stage at Money20/20 Europe in June to discuss the French company’s recent €490 million ($533 million) in funding, as well as the release of their two open models - Mistral 7B and Mistral 8x7B - and their multi-year partnership with Microsoft to offer Mistral...

28 May 2024 /ai

What is T+1 and why has the SEC has ruled to shorten settlement cycles from T+2?

Madhvi Sonia Head of Content at Finextra

What is T+1 and why has the SEC has ruled to shorten settlement cycles from T+2?

With less than one month to go before the T+1 deadline of 28 May 2024, brokerage firms across North America are preparing for the transition from securities transactions being settled in two business days – T+2 – to just one day. This will apply to transactions for stocks, bonds, municipal securities, exchange-traded funds, certain mutual ...

30 April 2024 /markets

How to define cloud sovereignty and the quest for balance

Madhvi Sonia Head of Content at Finextra

How to define cloud sovereignty and the quest for balance

With the everchanging geopolitical landscape and new regulations coming to the fore, where data is kept, where it is shared, and who can access it are all considerations for financial institutions in a world where more data equals more power. As a growing amount of data is stored in cloud-based data centres, the EU, US, and China have issued regul...

24 April 2024 /cloud

What will the UK climate fintech space look like in 2035?

Madhvi Sonia Head of Content at Finextra

What will the UK climate fintech space look like in 2035?

This is an extract from the recently published report, 'The Future of UK Fintech - 2015-2035'. 2006 ‘The Economics of Change – The Stern Review’ released by Nicholas Stern: the report assessed a wide range of evidence on the impacts of climate change and on the economic costs. The conclusion of the study is that the benefit of a strong and early ac...

18 April 2024 /sustainable

Madhvi Sonia Head of Content at Finextra

What will UK fintech look like in 2035?

Huge growth across the UK fintech industry over the last decade has been driven by a combination of factors, namely support from the UK government and regulators such as the Financial Conduct Authority (FCA). Because of this, the development between 2025 and 2035 will unsurprisingly be substantial. This is an extract from the recently published re...

16 April 2024 /startups

What is correspondent banking? Exploring Swift, AML, FATF, and the Wolfsberg Principles

Madhvi Sonia Head of Content at Finextra

What is correspondent banking? Exploring Swift, AML, FATF, and the Wolfsberg Principles

Correspondent banking, believe it or not, continues to be a hot topic. Cross border payments are still not as efficient as they should be, meaning international trade is still not real-time, and those financially excluded can only benefit from instant payments by using correspondent banking networks. While there is a need to resolve these issues,...

27 February 2024 /payments

How to implement an instant payments system

Madhvi Sonia Head of Content at Finextra

How to implement an instant payments system

In November 2023, Swift connected domestic payment schemes across Europe, providing end-to-end transparency for instant cross-border transfers within the European Union. The European Payment Council’s One-Leg Out Instant Credit Transfer scheme (OCT Inst) went live and now enables payments to and from Europe to be processed 24 hours a day, seven ...

19 February 2024 /payments

Super Bowl 2024: The fintech firms that spent $7 million on a 30 second ad

Madhvi Sonia Head of Content at Finextra

Super Bowl 2024: The fintech firms that spent $7 million on a 30 second ad

Taylor Swift’s attendance at the Super Bowl LVIII in Las Vegas captured more attention than winners Kansas City Chiefs this weekend, that’s for sure. After Usher’s – and Alicia Keys, Lil Jon and Ludacris’ halftime show, fintech firms also attempted to make the most of the now global captive audience by advertising during the big game. Super Bowl 5...

12 February 2024 /payments

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