Hamish Monk - Community Author: Finextra Research

Hamish Monk Senior Reporter at Finextra

How to leverage T+0 settlement

In February 2025 it was announced that the European Union (EU) will switch to single-day settlement (known as T+1) of stock and bond trades by 2027. Settlement is the act of transferring securities and funds between buyers and sellers after a trade is executed. The shorter the settlement cycle, the faster investors have access. This is just on...

15 April 2025 /markets

How to meet the ISO 20022 deadline: A five-step strategy

Hamish Monk Senior Reporter at Finextra

How to meet the ISO 20022 deadline: A five-step strategy

To meet the November 2025 ISO 20022 deadline for cross-border payments and reporting (CBPR+), financial institutions should: Conduct an impact assessment; Develop a migration plan; Leverage rich data elements; Conduct industry testing; and Adopt official definitions and prioritise readiness. This article provides a breakdown of each step fina...

08 April 2025 /payments

Hamish Monk Senior Reporter at Finextra

Understanding the ISO 20022 deadline

The deadline for ISO 20022 – the new standard for electronic data interchange between financial institutions – has been notoriously changeable. Back in March 2020, Swift delayed the original migration date for cross-border payments by 12 months (from November 2021 to the end of 2022) as banks struggled with decommissioning and preparing existing ...

01 April 2025 /payments

Hamish Monk Senior Reporter at Finextra

What is T+0 settlement?

In February 2025 it was announced that the EU will switch to single-day settlement – otherwise known as ‘T+1 settlement’ – of stock and bond trades in 2027. So what does this mean and why is it important? ‘T+0 settlement’ refers to a same-day settlement in stock markets; T+1 refers to a settlement in the stock market that takes a maxim...

25 March 2025 /markets

Hamish Monk Senior Reporter at Finextra

What is CFPB Section 1033?

The Consumer Financial Protection Bureau, or CFPB, is an independent agency of the United States government. On 22 October 2024, the CFPB issued a final rule to implement Section 1033 of the Dodd-Frank Act, seeking to govern how consumers access and share their financial data – and how that data is protected. In essence, the regulation marked an ...

18 March 2025 /regulation

Hamish Monk Senior Reporter at Finextra

What is APP reimbursement?

In October 2024, the Authorised Push Payment (APP) victim reimbursement scheme came into effect, under rules from the Payment Systems Regulator (PSR). The scheme means that Payment service providers (PSPs) are obliged to reimburse victims of APP fraud, up to £85,000 – and PSR asks that the value of reimbursement be split 50/50 between the sending...

11 March 2025 /crime

Hamish Monk Senior Reporter at Finextra

Understanding the G20 targets

At a November 2020 summit, a coalition of the world’s largest economies, the Group of Twenty (G20), tabled a roadmap aimed at enhancing international retail, wholesale and remittance transactions. By 2021, working with the Financial Stability Board (FSB), the G20 issued a set of qualitative targets – across access, cost, speed, and transparency – ...

25 February 2025 /payments

Hamish Monk Senior Reporter at Finextra

How to implement Open Banking

Launched in the United Kingdom in January 2018 with the European Commission (EC)’s second Payments Services Directive (PSD2), open banking gives third-party financial service providers access to consumer banking, transaction, and other financial data, from banks. In a practical sense, open banking was a major milestone in the journey toward sharing...

18 February 2025 /payments

Hamish Monk Senior Reporter at Finextra

Generative AI: A new age of banking

Artificial intelligence (AI) is no longer just a buzzword – it is essential to financial services’ development. The keys to unlocking this nascent technology’s full potential are relevant applications and concrete use cases. To identify what these use cases are, we must look beyond the hype. To find out more, Finextra spoke with Temenos’ chief pro...

11 February 2025 /ai

How to establish a hybrid cloud strategy

Hamish Monk Senior Reporter at Finextra

How to establish a hybrid cloud strategy

Hybrid cloud is a computer programming architecture used by IT teams to reap the benefits of both the private and public hosting environments. These work in tandem to run an organisation’s workload. The benefits of such a strategy are well-established. Dual architecture allows both sensitive data and customer activity to remain on premise (in the ...

11 February 2025 /cloud

How to establish an embedded finance strategy

Hamish Monk Senior Reporter at Finextra

How to establish an embedded finance strategy

Embedded finance is the digital provision of financial products within a non-financial context, such as the purchase of an Uber journey within the Uber application. This relatively recent innovation – accelerated by the wave of digitisation following COVID-19 – enables the entities that deploy it, in both the digital business-to-business (B2B) and...

04 February 2025 /payments

Hamish Monk Senior Reporter at Finextra

How can banks automate effectively?

Automation in financial services encapsulates a range of tools and techniques which have the effect of reducing human intervention in business and information technology (IT) processes. On the business side are repetitive tasks that hobble workflows. It is estimated that companies lose 20-30% of their revenue to such inefficiencies every year. Au...

28 January 2025 /ai

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