Madhvi Sonia - Community Author: Finextra Research

Looking ahead to the emerging lending trends of 2022

Madhvi Sonia Head of Content at Finextra

Looking ahead to the emerging lending trends of 2022

The economic uncertainty of the Covid-19 pandemic has reiterated the importance of the modern lending market. While agile fintech firms adapted to the constraints of coronavirus lockdowns to meet customer expectations, traditional lenders channelled investment into technology to accelerate innovation already set in motion. To ensure the continuati...

11 November 2021 /retail

Why on-premises core systems no longer meet needs

Madhvi Sonia Head of Content at Finextra

Why on-premises core systems no longer meet needs

According to Allied Market Research, the open banking market is growing at 24.4%, reaching $43.15 billion by 2026, accelerating as a result of the Covid-19 pandemic, but part of an inevitable control shift in the financial sector. As the industry grows into open finance, financial services is beginning to fundamentally redefine customer interacti...

09 November 2021 /cloud

Progression beyond open banking to open finance

Madhvi Sonia Head of Content at Finextra

Progression beyond open banking to open finance

The financial services industry is already looking beyond open banking to open finance, or what Capgemini referred to as ‘Open X’ in the Capgemini World Retail Banking 2019 report. Customer awareness of open banking remains negligible, and some account servicing payment service providers (ASPSPs) missed multiple deadlines for changes to dedicated ...

29 October 2021 /cloud

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

Core banking on the cloud, the catalyst for innovation, agility and efficiency

Madhvi Sonia Head of Content at Finextra

Core banking on the cloud, the catalyst for innovation, agility and efficiency

For financial institutions, business growth and cost reduction continue to be of paramount importance, which are often tied to establishing a cloud focused approach to enable banking agility and efficiency. With many intermediate steps between consumer need and fulfilment in traditional banking, newer players are entering the market with a lower c...

11 October 2021 /cloud

Cloud migration: What is the best and most secure route to take?

Madhvi Sonia Head of Content at Finextra

Cloud migration: What is the best and most secure route to take?

Now that the financial services industry acknowledges that cloud migration is crucial to the success of innovative initiatives, industry voices share the view that clarity around the best and most secure route to take needs to be provided. While a phased approach where tests are conducted and security settings are validated is one route to reaping ...

08 October 2021 /cloud

Augment, migrate, replace: Routes to cloud-led core modernisation

Madhvi Sonia Head of Content at Finextra

Augment, migrate, replace: Routes to cloud-led core modernisation

Now that the banking industry is on a journey to digital metamorphosis, it requires a fresh approach to operations. Threatened by innovative newcomers, financial institutions continue to accelerate their path to streamline technology, employ new digital strategies and decrease the time it takes to bring products to market. By the same token, consu...

13 August 2021 /cloud

The importance of distributing market data in the cloud

Madhvi Sonia Head of Content at Finextra

The importance of distributing market data in the cloud

Capital markets firms have long understood how cloud can help establish competitive advantage, increase agility, reduce time to market for new products, and address the growing total cost of ownership for IT infrastructure. However, the financial services industry has reached a point where real-time trading and risk management has become more crit...

22 July 2021 /cloud

The future of payments: Instant becomes embedded

Madhvi Sonia Head of Content at Finextra

The future of payments: Instant becomes embedded

The craving for instant is feeding a surge toward embedded finance: financial services on the customer’s terms, from anywhere and at any time. Today, banks are not needed and according to Curt Chadha, head of international retail payments at Raiffeisen Bank International, embedded finance is synonymous with “seamless” services and the “experience ...

29 June 2021 /retail

Madhvi Sonia Head of Content at Finextra

The future of payments: Scheme juggling

Following the determination that SWIFT messaging standard MT was below the mark for today’s evolving payments industry, its requirement for frictionless services and secure movement of high-quality, expensive data, ISO 20022 was established. This is an excerpt from Finextra Research report 'The Future of Payments 2021', which is exclusively availab...

24 June 2021 /regulation

The future of payments: Meeting instant expectations

Madhvi Sonia Head of Content at Finextra

The future of payments: Meeting instant expectations

Digital transformation continues to alter traditional business models across several industries such as retail, transport, and travel, to name a few. While the financial services industry is yet to experience a sea change of equal measure, a number of payments processes and business banking touchpoints are indeed undergoing transformation. This is...

21 June 2021 /payments

Best practices for neobanks utilising machine learning to prevent fraud

Madhvi Sonia Head of Content at Finextra

Best practices for neobanks utilising machine learning to prevent fraud

Unburdened by legacy technology, physical branches and stringent regulatory requirements, digital financial outfits — otherwise known as neobanks — can disrupt the status quo, scale retail propositions, and expand into lucrative spaces such as business banking with a streamlined model. With over 250 neobanks operating worldwide and many more on t...

17 June 2021 /retail

Long reads