Madhvi Sonia - Community Author: Finextra Research

How to unlock the full potential of post-trade data and reshape the securities market

Madhvi Sonia Head of Content at Finextra

How to unlock the full potential of post-trade data and reshape the securities market

In Ann Magnusson, head of institutional banking, SEB’s view, “the post-trade securities business remains largely non-transparent with regards to the parties involved in a transaction.” She explained that while Standard Settlement Instructions (SSIs) are created by two parties to a trade with the counterparty’s SSIs for settlement in the specific m...

03 October 2023 /Sibos

How do you solve a problem like payments infrastructure?

Madhvi Sonia Head of Content at Finextra

How do you solve a problem like payments infrastructure?

Highlighting 2023 as a defining year for core banking innovation, a recent Finextra and CGI roundtable held at Sibos in Toronto, Canada, featured 15 leading voices from a range of global banks who debated the need for payments-as-a-service (PaaS) and the complexities of outsourcing business critical operations to firms outside of the financial ser...

02 October 2023 /Sibos

Future of Fintech in Latin America 2023: Local tech industries to gain from increased cloud activity

Madhvi Sonia Head of Content at Finextra

Future of Fintech in Latin America 2023: Local tech industries to gain from increased cloud activity

This is an excerpt from The Future of Fintech in Latin America 2023 report. According to S&P Global Market Intelligence research, Latin America presented itself as a “propitious location for cloud industry developments” before the events of 2020. The article continued to explore how “the underserved status of the region, its large population (...

25 September 2023 /cloud

ISO 20022: Only 15% of messages have migrated, will JP Morgan change the tide?

Madhvi Sonia Head of Content at Finextra

ISO 20022: Only 15% of messages have migrated, will JP Morgan change the tide?

In conversation with JPMorgan’s Masayuki Tagai, managing director, industry issues, payments, and Ciaran J. Byrne, executive director, global head of product payments, global clearing at Sibos 2023 in Toronto, Finextra explored how ready the world is for native adoption of ISO 20022 and how the bank is working towards implementing the standard acr...

22 September 2023 /Sibos

Why has correspondent banking been left behind?

Madhvi Sonia Head of Content at Finextra

Why has correspondent banking been left behind?

Retail banking and consumer finance innovation has come along in leaps and bounds, but the fragmentation of payment services available in the market, coupled with the stagnation of processing capabilities has resulted in an inability for financial institutions to collaborate for effective correspondent banking. With the multitude of alternative se...

19 September 2023 /Sibos

Madhvi Sonia Head of Content at Finextra

ISO 20022, tried and tested?

In 2004, financial services players were incredibly excited about ISO 20022, and it was considered the global payment standard of the future. 19 years later, we’re still waiting for ISO 20022 to take the industry by storm. However, we are on the precipice of a new era. Nearly every payment rail that comes out of any interaction across payments use...

18 September 2023 /Sibos

Future of Fintech in the Middle East 2023: Cloud connectivity at the centre of fintech innovation

Madhvi Sonia Head of Content at Finextra

Future of Fintech in the Middle East 2023: Cloud connectivity at the centre of fintech innovation

This is an excerpt from The Future of Fintech in the Middle East 2023 report. Alongside Dubai and Bahrain, Saudi Arabia has repeatedly been highlighted as a digital banking leader in the Middle East, with 76% of banking customers using online or mobile applications. According to McKinsey, top Saudi digital banking offerings include loyalty program...

22 August 2023 /cloud

Future of Fintech in Africa 2023: Cloud will open new doors for the African fintech industry

Madhvi Sonia Head of Content at Finextra

Future of Fintech in Africa 2023: Cloud will open new doors for the African fintech industry

This is an excerpt from The Future of Fintech in Africa 2023 report. In recent years, Africa has awoken to a new dawn when it comes to digital transformation and innovation with the cloud. The continent displays numerous promising indicators of a region ripe for fintech investment and development, but the scale, complexity, and the benefits of new...

09 August 2023 /cloud

How to design a payments system that never fails

Madhvi Sonia Head of Content at Finextra

How to design a payments system that never fails

Payment data is driven by innovation, real-time experience, high availability, and cost reduction. Financial institutions must meet consumer demand via an infrastructure that allows for mobile-first banking, real-time analytics, API-driven open banking, and data enrichment, for instance, personalisation and fraud prevention. However, this is not p...

19 July 2023 /payments

Madhvi Sonia Head of Content at Finextra

Bridging the cloud migration gap

Financial services sector participants are aware that innovation usually increases at a slow, gradual pace, and as certain technologies mature, this leads to acceleration. This has not been the case in recent years and much of this accelerated adoption of technology has been because of fear, uncertainty, or doubt. Exponential growth has been on th...

23 June 2023 /cloud

Payments processing – from commodity to business opportunity?

Madhvi Sonia Head of Content at Finextra

Payments processing – from commodity to business opportunity?

According to Alexandre Maymat, head of GTPS at Société Générale, increased demand for faster and more efficient payments processing and the need for digital payments systems have led to the fostering of Payments-as-a-Service (PaaS). “PaaS platforms allow access to a wide range of payment rails from a single source and integrate with business ERPs

22 June 2023 /payments

How to prepare for the new European legislative landscape

Madhvi Sonia Head of Content at Finextra

How to prepare for the new European legislative landscape

Geopolitical uncertainties and macroeconomic challenges have resulted in increased innovation that have ensured that RTGS and Faster Payments rails are superseded by instant payments and paved the way for ISO20022. This could not have been possible without legislation and support from regulators. October 2022 saw the European Commission announce a...

21 June 2023 /regulation

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