Latest long reads: Finextra Research

What are AI chatbots?

The hottest trend in tech and financial services has been artificial intelligence (AI) and its infinite potential to revolutionise and transform the industry to make it more efficient, reliable, secure, and accessible. However, as AI grows in popularity, fear of the sentient AI also lurks in the back of many minds. Not exactly the apocalyptic Termi...

07 March 2024 /devops

Why data is the backbone of predictive AI

Dominique Dierks Content Manager at Finextra

Why data is the backbone of predictive AI

With the launch of ChatGPT in November 2022, a new wave of AI enthusiasm was kicked off that primarily centred around the capabilities and possibilities of generative AI. Signifying a transformational moment in AI technology and smoothing the ease of access to AI, many financial institutions have since started looking at how generative AI can be a...

07 March 2024 /devops /ai

The Spring Budget: How does it impact fintech?

Níamh Curran Senior Reporter at Finextra

The Spring Budget: How does it impact fintech?

Jeremy Hunt, UK chancellor of the exchequer, presented his Spring Budget to a raucous House of Commons earlier today. It has been speculated this is the last budget this government will present, with the potential of a UK General Election looming. From a fintech perspective, Hunt said the UK is on track to become the world’s next Silicon Valley. Th...

06 March 2024 /regulation

What trends and challenges will fintechs face in 2024?

Vladimir Krasik Global Head of Internal Treasury at Revolut

What trends and challenges will fintechs face in 2024?

One of the driving forces behind two decades of fintech’s success has been their ability to mitigate inefficiencies in customers’ relationships with traditional financial institutions: provide access to financial services to those who were previously unbanked, simplify transactions that used to be arduous, and decrease transactions costs. The pand...

06 March 2024 /predictions

How fintechs can help build a new climate-centric financial architecture for Africa

Retired Member

How fintechs can help build a new climate-centric financial architecture for Africa

During last year’s COP28 summit in Dubai, African political and financial leaders spoke extensively about how important financing will be in ensuring that Africa’s future is a climate-resilient one. One of the more ambitious proposals for ensuring that this financing plays the role it should, came from Wale Shonibare, director for energy, financia...

05 March 2024 /sustainable

Non-Performing Loans are now subject to regulation: What it means

Renate Prinz Partner at McDermott Will & Emery LLP

Non-Performing Loans are now subject to regulation: What it means

Let’s take a moment to remember the time after the financial crisis of 2007 and 2008: credit institutions tried at all costs to get rid of their huge non-performing-loan (NPL) portfolios. In our daily legal work, we repeatedly supported those institutions, explaining what was possible, how it could be done and, above all, what was not possible for...

04 March 2024 /regulation

Dominique Dierks Content Manager at Finextra

Why Formula 1 sponsorship is the best brand deal for fintech and payments

As we enter our first race weekend of the 2024 season, many fans have been amused (or irritated) by some of the new sponsors that have emerged for this year’s teams. Especially Visa Cash App RB – a name that doesn’t exactly roll off the tongue, neither does its acronym VCARB – has been subject to countless memes from the sports’ following on socia...

01 March 2024 /markets

Why cybersecurity skills are coveted in fintech

Aoibhinn Mc Bride Content Editor at Jobbio

Why cybersecurity skills are coveted in fintech

Despite mass layoffs dominating the headlines in 2022 and 2023, tech professionals are still in high demand. In areas such as AI and cybersecurity, those with the necessary skills and experience are becoming increasingly important for companies safeguarding not only their products and services but customer experience, now and in the future. In the ...

01 March 2024 /people

Sehrish Alikhan Reporter at Finextra

Top 5 payments updates this month

The payments field is a fast-paced and dynamic sector, with an increasing amount of products and services being launched on the daily. To keep updated with the latest innovations, here are the top stories in cards and digital payments in February 2024. Check out my colleague Niamh Curran’s payments update to see what you missed in January 2024. BN...

28 February 2024 /payments

From cash to crypto: Understanding the changing face of money

Vid Hribar Strategic Partnerships and Ecosystems Analyst at RBI

From cash to crypto: Understanding the changing face of money

This piece was co-authored by Gerald Ruschka, digital banking leader at RBI. Money is a topic that often escapes active consideration. When making transactions, whether in-store or online, our primary concerns revolve around the sufficiency of funds and the chosen payment method (for example, cash or card.) – rarely do we contemplate the form of ...

28 February 2024 /crypto

What is correspondent banking? Exploring Swift, AML, FATF, and the Wolfsberg Principles

Madhvi Mavadiya Head of Content at Finextra

What is correspondent banking? Exploring Swift, AML, FATF, and the Wolfsberg Principles

Correspondent banking, believe it or not, continues to be a hot topic. Cross border payments are still not as efficient as they should be, meaning international trade is still not real-time, and those financially excluded can only benefit from instant payments by using correspondent banking networks. While there is a need to resolve these issues,...

27 February 2024 /payments

5 fintech predictions for 2024: A light at the end of the tunnel

Arvin Abraham Partner at Goodwin Procter

5 fintech predictions for 2024: A light at the end of the tunnel

2024 feels a lot better than 2023. While there are still some significant macroeconomic and geopolitical headwinds, the dog days of 2023 are behind us and there is some light at the end of the tunnel. While market activity generally still remains muted, most expect a pick up in activity particularly as we enter the second half of the year. The fint...

27 February 2024 /predictions

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