Paige McNamee - Community Author: Finextra Research

Shaping the future of payments and securities through responsible innovation

For more than 40 years, SWIFT has collaborated with its network to identify industry-wide challenges and develop solutions for the benefit of the entire global financial system. Tom Zschach, Swift’s chief innovation officer, speaks to Finextra Research about how innovation remains central to the co-operative’s new strategy, and how state-of-the-ar...

14 December 2020 /payments

Strategic advantage lies in the journey, as much as the destination

Paige McNamee

Strategic advantage lies in the journey, as much as the destination

Covid-19 has exposed the status of banks’ digital transformation strategies. While the steps that banks have already taken are positive, they have not yet launched the next payments generation. However, if we look at the pandemic as a circuit breaker, Swift’s new strategy could turn the power back on and inject renewed energy into payments transfo...

23 November 2020 /payments

Will there be a world where blockchain and GDPR peacefully co-exist?

Paige McNamee

Will there be a world where blockchain and GDPR peacefully co-exist?

As we know, GDPR is new regulation. New regulation faces teething issues. This is an unavoidable reality. While many have claimed that blockchain is a solution in need of a problem, Covid-19 has proved a powerful springboard for a surge in blockchain based platforms, designed with the intention of solving pandemic induced problems. This push for i...

19 October 2020 /regulation

Challengers: True threat or paper tiger?

Paige McNamee

Challengers: True threat or paper tiger?

It seems that the challengers really are showing their teeth. A recent report by Deposit Solutions, research found that the UK’s largest retail banking brands’ stronghold across the savings market may be under threat. The research shows that up to 20% of British consumers are considering switching their savings account provider over the next 12 mo...

15 October 2020 /retail

Why consumer demand is at the heart of fintech innovation

Paige McNamee

Why consumer demand is at the heart of fintech innovation

The ability of incumbents to innovate with the agility of disruptors has long been perceived as an uphill battle with unmatched opponents clambering to take lead position. Alex Bannister, director of strategic partnering at Nationwide Building Society, argues that rather than being borne strictly out of competition, the best innovation comes from ...

07 September 2020 /retail

How to pronounce ISO 20022 - and other important migration details

Paige McNamee

How to pronounce ISO 20022 - and other important migration details

We’ve reached out to the experts to compile answers to the most asked questions across the topic of ISO 20022, in an attempt to help firms and the industry-at-large build on their awareness of the challenges and opportunities that lie ahead. 2020 was originally earmarked as the year for banks to plough ahead with their ISO 20022 migration, with the...

05 August 2020 /payments

Apples and oranges: What makes Pay.UK and EBA Clearing’s R2P models so different?

Paige McNamee

Apples and oranges: What makes Pay.UK and EBA Clearing’s R2P models so different?

Is there more than one way to skin a cat? A peek under the hood of Pay.UK’s and EBA Clearing’s respective Request-to-Pay models shows that indeed there is. Request to Pay has widely been touted as the missing piece of the instant payment puzzle. At its core, Request to Pay is the idea of pushing transaction details from a payee to a payer’s device ...

10 July 2020 /payments

Briefcase babies: How financial apps are helping kids learn about much more than money

Paige McNamee

Briefcase babies: How financial apps are helping kids learn about much more than money

Give a man a fish and he’ll eat for a day, give a child a user-friendly-savings-encouraging-card-app-account-overseen-by-parents and they will bank well for life. Equipping children and young adults with the tools and education to develop skills in their formative years means they will be positioned to reap the benefits of financial literacy once ...

10 June 2020 /retail

How will Covid-19 re-write the demise of LIBOR?

Paige McNamee

How will Covid-19 re-write the demise of LIBOR?

It’s difficult to encapsulate in a succinct, let alone enchanting way, the leading role that LIBOR plays across the global economy. The economic protagonist of sorts touches on approximately $400 trillion of contracts and lending products across the world, and the arrival of Covid-19 has made the challenge of disentangling associations with the ra...

07 May 2020 /regulation

Why 'Dutch panic' surrounding PSD2 & GDPR interplay may be an overreaction

Paige McNamee

Why 'Dutch panic' surrounding PSD2 & GDPR interplay may be an overreaction

Earlier this year, Dutch data protection agency De Autoriteit Persoonsgegeven launched an investigation into whether fintech companies in the Netherlands are correctly collecting personal data under PSD2, and whether this approach conflicts with GDPR requirements. When asked why De Autoriteit Persoonsgegeven (AP) commenced this investigation, Quint...

20 April 2020 /regulation

Request to Pay: What does it mean for instant payments?

Paige McNamee

Request to Pay: What does it mean for instant payments?

The introduction of Request to Pay (R2P) services this year is poised to play a starring role in the broader transformation of the UK and EU’s payments landscape. Reduction of costs, fraud and chargebacks alongside the delivery of better transaction data are the obvious improvements, yet, it is the potential that R2P holds to act as a catalyst for ...

26 March 2020 /payments

Could Brexit open the gates to AI in the UK?

Paige McNamee

Could Brexit open the gates to AI in the UK?

The UK is outwardly pursuing an adequacy decision from Europe regarding its current data protection and privacy regulations. However, the idea of eschewing outright assimilation with relevant EU laws is gaining traction as it provides an opportunity to sculpt a more appealing privacy framework. As it stands, come 31 December 2020, the UK will have...

09 March 2020 /regulation

Long reads