Retired Member - Community Author: Finextra Research

How Will Authentication Evolve in the Age of SCA?

Within months, we will have a clearer idea of the impact of Strong Customer Authentication (SCA), the regulatory requirement that has seen European merchants gather multi-factor authentication from customers for most online transactions. This EU directive requires that the customer provides two of three identifying factors—something they know, some...

29 January 2021 /payments

Four Predictions for Fintech and Payments in 2021

Retired Member

Four Predictions for Fintech and Payments in 2021

Despite the overwhelming challenges of a global pandemic, 2020 saw an enormous amount of resilience, ingenuity and innovation in the world of fintech, payments and financial services. 1. The Effects of COVID-19 Will Continue to Influence Consumer Behaviour It is now well established that COVID-19 has accelerated many pre-pandemic trends. For exampl...

22 January 2021 /predictions

2021 Predictions for the Payments Industry

Retired Member

2021 Predictions for the Payments Industry

Predictions for 2021 must consider the general trends from previous years, but with COVID-19 playing a major role in customer behaviour as well as restrictive measures for purchasing, the predictions for the payments industries and online merchant accounts must be viewed and studied with a more focused degree of scrutiny. From my experience in bot...

19 January 2021 /predictions

Payments, Sustainable Banking and Retail Reprioritisation of Digital

Retired Member

Payments, Sustainable Banking and Retail Reprioritisation of Digital

As millions of consumers raced online, COVID accelerated the urgency for digital banking. And there, they’ll stay, says Bain in a study that found 95% won’t go analogue again. Beyond banking, the pandemic triggered unexpected pockets of opportunity, so here are my predictions for the retail banking road ahead. Continued Disruption in Payments As t...

12 January 2021 /predictions

Volatility and recovery: The role of alternative data in 2021

Retired Member

Volatility and recovery: The role of alternative data in 2021

Demand for alternative data grew significantly in 2020 as institutional investors sought to understand market volatility from more dimensions. This growth means that datasets that were previously the domain of hedge funds, discretionary asset managers will be more accessible to non-institutional investors as well, to make equally informed decision...

06 January 2021 /predictions

How to Maximise the Remaining Time Before the Extended SCA Deadline

Retired Member

How to Maximise the Remaining Time Before the Extended SCA Deadline

It has been an extraordinary year for e-commerce, with web traffic reaching a record high in 2020 and merchants contending with rising order volumes alongside supply and delivery issues. With the flood of new e-commerce customers in 2020, and with bricks-and-mortar stores closed for months in 2020, payments fraud is increasing too. Strong Custome...

15 December 2020 /payments

Brexit: The end of the saga is almost in sight...and now what?

Retired Member

Brexit: The end of the saga is almost in sight...and now what?

Assuming that both parties can agree, the ratification process will not be easy and there will be disruptions after January 1st. Nevertheless, a lasting appreciation of the UK equities remains possible next year. Given the years of Sturm und Drang*, the Brexit process qualifies as a 'saga'. On the 31st December 2020, the UK will end the transition ...

10 December 2020 /predictions

European sovereignty shackled to its payments

Retired Member

European sovereignty shackled to its payments

March 2014: in the midst of the diplomatic crisis following Russia's invasion of Crimea, some Russian dignitaries were deprived of payment methods without warning. They were unable to withdraw cash or make purchases. The "perpetrator" was the U.S. government, which ordered Visa and Mastercard to freeze transactions from a handful of Russ...

19 November 2020 /payments

How has Covid-19 affected fintech trends?

Retired Member

How has Covid-19 affected fintech trends?

Andrea Melville, Managing Director of Commercialisation and Propositions, Global Transaction Banking, Lloyds Bank, explores how the adoption and development of fintech solutions has been affected by Covid-19. Covid-19 has underlined how fintech enabled solutions can support businesses. This year, business leaders have reached for tools that give th...

02 November 2020 /retail

Will corporate culture survive without watercooler chat?

Retired Member

Will corporate culture survive without watercooler chat?

The Covid-19 pandemic has led to unprecedented unemployment levels, and as it continues to delay the reopening of business, employment rates are expected to recover more slowly than initially expected. However, in turbulent times temporary, contingent, and independent workers tend to grow both due to individuals need to create a revenue flow but a...

01 October 2020 /covid-19

How will a new working environment change the way companies value cybersecurity?

Retired Member

How will a new working environment change the way companies value cybersecurity?

Cybersecurity is in place to protect our computer systems and networks from theft or damage to their hardware, software or electronic data. Due to technology evolving and companies becoming more reliant on technology, cybersecurity is becoming more important to businesses. Cybersecurity is extremely complex, both in terms of politics and technolog...

23 July 2020 /security

US community banks ask developers to help fix pain points

Retired Member

US community banks ask developers to help fix pain points

A fresh challenge for developers In my last post, I wrote about the incredible efforts of the developer teams who took part in Finastra’s FusionONE Hackathon and the fintech apps that were created in just 48 hours. The hackathon showed what can be achieved if developers are given the freedom to get creative, and how innovation can occur rapidly i...

15 July 2019 /devops

Long reads