Madhvi Sonia - Community Author: Finextra Research

Madhvi Sonia Head of Content at Finextra

Top 25 fintech investments of 2023

Just before Christmas, HSBC UK announced the expansion of its ‘Growth Lending’ fund from £250 million to £350 million in response to growing demand from high-growth tech scale-ups. To access the funding, scale-ups must have strong equity backing, a proven sales track record, and a clear path to profitability. The fund was launched in response to ...

27 December 2023 /startups

Madhvi Sonia Head of Content at Finextra

Finextra’s top long reads of 2023

With 2023 drawing to a close, we take a look back at our most viewed long reads over the course of the past year. Top long reads of 2023 10. 5 predictions for fintech in 2023: What’s next after a terrible, horrible, no good, very bad year? Arvin Abraham, partner at Goodwin Procter, explored how fintech is still in its adolescence, but opportunities...

27 December 2023 /payments

How to avoid generative AI hallucinations

Madhvi Sonia Head of Content at Finextra

How to avoid generative AI hallucinations

Generative AI has dominated headlines for some time now, especially recently with news of Sam Altman, the CEO of OpenAI and the developer of generative AI platform ChatGPT, being ousted and rehired within a week. But will generative AI be a technology that banks use long term? According to Karan Jain, CEO, NayaOne, it absolutely is. Jain highlight...

01 December 2023 /security

Autumn Statement 2023: Fintech vs. Jeremy Hunt?

Madhvi Sonia Head of Content at Finextra

Autumn Statement 2023: Fintech vs. Jeremy Hunt?

In 2022, the UK chancellor of the exchequer Jeremy Hunt planned to “turn the United Kingdom into the world’s next Silicon Valley.” A year on, the Hunt’s Autumn Statement opened with a comment on how “the work is not done,” but the UK government would focus on “reducing debt; cutting tax and rewarding hard work; backing British business; building...

27 November 2023 /retail

How to move to the public cloud and achieve economies of scale

Madhvi Sonia Head of Content at Finextra

How to move to the public cloud and achieve economies of scale

Given perceived risks, the security and cost benefits of moving to a cloud-based system were often overlooked, with some financial institutions believing that cloud deployments will result in more overall risk than traditional systems. However, over the last few years, the more a bank takes the time to understand the cloud services available, the ...

22 November 2023 /cloud

AI: Here's what every bank in the world is working on

Madhvi Sonia Head of Content at Finextra

AI: Here's what every bank in the world is working on

Here is a comprehensive list of where each bank is at with their respective artificial intelligence strategy, providing the most recent AI developments across 50 of the largest banks in North America, Europe, and Asia, so bookmark it and use it as a reference tool. According to the annual Evident AI Index, JPMorgan Chase is the most mature when it...

20 November 2023 /payments

2024 fintech trends and Finextra’s predictions for the new year

Madhvi Sonia Head of Content at Finextra

2024 fintech trends and Finextra’s predictions for the new year

Launching today, Finextra’s PREDICT 2024 channel will gather insights and ideas from the industry's top thought leaders, capturing how the financial services industry will tap into technology trends in 2024 and these predictions will be shared with our 800,000 monthly readers. From November 2023 to March 2024, Finextra will be hosting video inter...

20 November 2023 /predictions

The King’s Speech: What does it mean for the future of fintech?

Madhvi Sonia Head of Content at Finextra

The King’s Speech: What does it mean for the future of fintech?

During his first speech as part of the State Opening of Parliament as monarch, King Charles defined and summarised the UK Government’s, and notably, Prime Minister Rishi Sunak’s priorities, for 2024 ahead of the next general election. Ministers intend to pass 21 laws across social changes, energy and environment, housing, policing, crime and justi...

08 November 2023 /retail

AI Safety Summit: What happened at Bletchley Park?

Madhvi Sonia Head of Content at Finextra

AI Safety Summit: What happened at Bletchley Park?

Leaders from across the world gathered in the land of concrete cows and roundabouts for the first ever global summit on artificial intelligence (AI) in early November 2023. Notable attendees such as X founder Elon Musk, UK Prime Minister Rishi Sunak and of course, will.i.am, were welcomed to Bletchley Park in Milton Keynes, Buckinghamshire, once t...

06 November 2023 /security

Madhvi Sonia Head of Content at Finextra

How serious is the danger of AI?

Fear around AI continues to dominate headlines, and most recently, the Financial Times published an interview with Securities and Exchange Commission (SEC) head Gary Gensler, who stated that without AI regulation, it is “nearly unavoidable” that the technology will be the catalyst for the next financial crisis. Referencing the challenge that most...

17 October 2023 /security

Why banks are pivotal to financing sustainable cities

Madhvi Sonia Head of Content at Finextra

Why banks are pivotal to financing sustainable cities

This is an excerpt from 'The Future of ESGTech 2024' report. What is sustainable finance? Sustainable finance refers to the process of taking environmental, social and governance (ESG) considerations into account when making investment decisions in the financial sector, leading to more long-term investments in sustainable economic activities and ...

17 October 2023 /sustainable

World Mental Health Day: Financial services are a universal human right

Madhvi Sonia Head of Content at Finextra

World Mental Health Day: Financial services are a universal human right

This year, the World Federation for Mental Health (WFMH), the founder of World Mental Health Day, is recognising its 75th anniversary and this year’s official theme, ‘Mental Health is a Universal Human Right.’ Poor mental health can have a substantial impact on how an individual manages their money, and as the charity Mind explains, worrying abou...

09 October 2023 /startups

Long reads