Latest long reads: Finextra Research

Understanding the UK High Court’s AI patentability ‘Holy Grail’ ruling

Paige McNamee Senior Reporter at Finextra

Understanding the UK High Court’s AI patentability ‘Holy Grail’ ruling

The English High Court today handed down a decision which promises to shape the patentability of key aspects of AI technology. Overruling an earlier decision of the UK Patent Office (UKIPO), the High Court ruled that Emotional Perception AI Limited (EPAI), a subsidiary of AI Venture Studio Time Machine Capital Squared (TMC2), could patent a novel t...

23 November 2023 /regulation /ai

How to move to the public cloud and achieve economies of scale

Madhvi Mavadiya Head of Content at Finextra

How to move to the public cloud and achieve economies of scale

Given perceived risks, the security and cost benefits of moving to a cloud-based system were often overlooked, with some financial institutions believing that cloud deployments will result in more overall risk than traditional systems. However, over the last few years, the more a bank takes the time to understand the cloud services available, the ...

22 November 2023 /cloud

How the FTA inspires a spirit of collaboration between the UK and Australia - Moonova

Sehrish Alikhan Reporter at Finextra

How the FTA inspires a spirit of collaboration between the UK and Australia - Moonova

While the UK has been cemented as a global fintech hub, Australia has gained its own status as a destination for fintechs to expand and thrive. Each recognising the potential in the other, the two countries have shared success and facilitated growth through exchange through the UK-Australia Fintech Bridge established in 2018, and the UK-Australia...

21 November 2023 /startups

AI: Here's what every bank in the world is working on

Madhvi Mavadiya Head of Content at Finextra

AI: Here's what every bank in the world is working on

Here is a comprehensive list of where each bank is at with their respective artificial intelligence strategy, providing the most recent AI developments across 50 of the largest banks in North America, Europe, and Asia, so bookmark it and use it as a reference tool. According to the annual Evident AI Index, JPMorgan Chase is the most mature when it...

20 November 2023 /payments

2024 fintech trends and Finextra’s predictions for the new year

Madhvi Mavadiya Head of Content at Finextra

2024 fintech trends and Finextra’s predictions for the new year

Launching today, Finextra’s PREDICT 2024 channel will gather insights and ideas from the industry's top thought leaders, capturing how the financial services industry will tap into technology trends in 2024 and these predictions will be shared with our 800,000 monthly readers. From November 2023 to March 2024, Finextra will be hosting video inter...

20 November 2023 /predictions

Banking on value: Financial institutions deserve more from their data

Retired Member

Banking on value: Financial institutions deserve more from their data

In 2006, Clive Humby famously declared that “data is the new oil”. The eye-catching quote perfectly surmised the immense potential value of data as it was understood at the time. Since then, that potential has only grown, particularly within the realm of financial services. For many banks and financial institutions, data has become a cornerstone f...

17 November 2023 /devops

2023 APP fraud trends and changing liability at a glance

Dominique Dierks Content Manager at Finextra

2023 APP fraud trends and changing liability at a glance

APP fraud has been an increasing concern for both banks and customers. While consumer education and fraud prevention are being prioritised by financial institutions, regulators have been looking at the question of liability. The new PSR directive on APP fraud reimbursements highlights a historic change in the way fraud liability is handled. This a...

17 November 2023 /regulation

What is a DDoS attack and what impact do they have on financial services?

Níamh Curran Senior Reporter at Finextra

What is a DDoS attack and what impact do they have on financial services?

ChatGPT saw an outage last week which has been blamed on a Distributed Denial-of-Services (DDoS) attack. DDoS attacks are nothing new within the financial cybersecurity world, the first is believed to have occurred in 1999, commonly known as the Mafiaboy attack against the University of Minnesota, but there were similar instances that predate this....

16 November 2023 /crime

Generative AI’s next generation: Enter the agents

Joseph Lo Head of Enterprise Platforms at Broadridge

Generative AI’s next generation: Enter the agents

What seemed like science fiction a year ago is now business as usual in the realm of artificial intelligence. As generative AI enters its second year, a new game-changer emerges — GPT agents. Introduced at the recent OpenAI DevDay, these agents take Large Language Models (LLMs) to the next level, not just processing information but also shaping ou...

15 November 2023 /devops

Behind the boom of Pay Now Buy Later in the APAC Region

Günther Vogelpoel CEO at Recharge

Behind the boom of Pay Now Buy Later in the APAC Region

Pay Now Buy Later (PNBL) is an approach to personal finance where consumers only spend what they have – providing a much more sustainable financial foundation for households, parents, and younger generations. The essence of PNBL is that consumers make upfront prepaid payments on digital top up cards so they can buy a product or asset in the future....

15 November 2023 /retail

Migration to SaaS and cloud banking infrastructure: Analysing the APAC shift

Retired Member

Migration to SaaS and cloud banking infrastructure: Analysing the APAC shift

The financial landscape in the Asia-Pacific (APAC) region is on the cusp of a significant transformation. Traditionally anchored by legacy systems, such as mainframes and AS400, APAC banks are now poised for a paradigm shift towards Cloud banking infrastructures. In fact, 80% of major banking organisations have already implemented cloud and SaaS p...

15 November 2023 /markets

Paige McNamee Senior Reporter at Finextra

Understanding the EU’s DORA framework

The Digital Operational Resilience Act (DORA) was designed to address the potential systemic and concentration risks faced by the financial services sector, due largely to its close reliance on third party providers (TPPs). DORA requires entities to follow and implement protection, detection, containment, recovery, and repair focused rules to prev...

14 November 2023 /regulation

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