Latest long reads: Finextra Research

Economic Crime and Corporate Transparency Act: What banks need to know

Níamh Curran Senior Reporter at Finextra

Economic Crime and Corporate Transparency Act: What banks need to know

The Economic Crime and Corporate Transparency Act (ECCTA) received royal assent last week and affects the way financial institutions manage economic crime. The bill is part of the UK Government’s wider economic crime plan, which was detailed earlier this year by MP Suella Braverman. The bill aims to limit the “dirty” money coming into the UK marke...

02 November 2023 /regulation

GenAI in the focus for Aussie-UK fintech as it expands globally

Sehrish Alikhan Reporter at Finextra

GenAI in the focus for Aussie-UK fintech as it expands globally

Collaboration between the UK and Australia has been on an upward trajectory since the launch of the UK-Australia Free Trade Agreement (FTA) signed in 2021. Having already discussed the details of the FTA and how it will impact the expansion and growth of fintechs in the UK and Australia with Austrade and Fintech Australia, we have further examin...

02 November 2023 /startups

Why Biden’s Executive Order on AI signals increased scrutiny on AI policy, business and regulation

Scott Hamilton Contributing Editor at Finextra Research

Why Biden’s Executive Order on AI signals increased scrutiny on AI policy, business and regulation

US President Joe Biden’s Executive Order on Artificial Intelligence (AI), introduced on the 30th of October, recommends wide parameters be applied to the management of this fast-emerging technology. Though the order itself has no real ‘teeth,’ or legal enforcement power, it highlights several areas where the chief executive and his cabinet believe...

01 November 2023 /regulation /ai

How is space data being applied in fintech to address climate change?

Sehrish Alikhan Reporter at Finextra

How is space data being applied in fintech to address climate change?

Addressing climate change and achieving net zero targets has become increasingly critical in the fintech sector. Corporations are being held responsible by regulators, stakeholders, and clients to actively work towards sustainability and be transparent in the environmental impact of their operations. With the advent of artificial intelligence (AI)...

01 November 2023 /devops

Deepfake fraud: the rising threat in financial crime

Níamh Curran Senior Reporter at Finextra

Deepfake fraud: the rising threat in financial crime

As it’s Halloween, spooky season is the perfect time to highlight one of the scariest, and arguably creepiest growing developments in financial crime, the deepfake. Deepfakes have dominated national headlines for a while now, often for especially unsavoury reasons, and for their political usage. They have now become a tangible issue within the fi...

31 October 2023 /crime /ai

What to expect from the EU's new PSD3, PSR and FIDA regulations

Renate Prinz Partner at McDermott Will & Emery LLP

What to expect from the EU's new PSD3, PSR and FIDA regulations

This article was co-authored by Annabelle Rau, associate at McDermott, Will & Emery. In November 2015 the Payment Services Directive II (PSD2) on payment services in the internal market came into force, most of the rules are applicable under the according Member State laws since January 2018. PSD2 led to much turmoil among payment service prov...

30 October 2023 /regulation

Sehrish Alikhan Reporter at Finextra

Here’s how to get hired at OpenPayd

In the latest Breaking into Fintech, where we deep dive into what leading fintech companies and financial institutions are looking for in candidates, Finextra spoke to Aysun Ahi, chief people officer at OpenPayd. OpenPayd is an embedded finance and banking-as-a-service provider that has multiple offerings in banking, accounts, card acquiring, and p...

27 October 2023 /people

An outlook on emerging technologies, alternative finance and digital identity

Dominique Dierks Content Manager at Finextra

An outlook on emerging technologies, alternative finance and digital identity

This is an excerpt from The Future of Digital Banking in North America 2024 report. The collapse of the cryptocurrency platform FTX in late 2022 has sent waves through the industry that continue to linger. It triggered not only the loss of trust but also increased scrutiny for digital currencies and decentralised platforms by regulators. While the...

27 October 2023 /crypto

How many times has the ISO 20022 deadline been changed or delayed?

Paige McNamee Senior Reporter at Finextra

How many times has the ISO 20022 deadline been changed or delayed?

Following recent news that the European Payments Council (EPC) postponed the SEPA payment scheme's ISO 20022 migration by four months, it began to feel a little like groundhog day in the Finextra offices. In response, we decided to pull together all of the times since 2020 that we’ve seen delays to ISO 20022 migrations for payment schemes across t...

26 October 2023 /payments

How SaaS integration drives payment modernisation

Dominique Dierks Content Manager at Finextra

How SaaS integration drives payment modernisation

Our latest Finextra webinar, ‘SaaS migration: Why outsourcing to multiple providers is the key to SaaS’, hosted in association with Bottomline, explored the current challenges and benefits of moving to SaaS-based solutions in the race for digital payments transformation. Panellists Edward Ireland, joint head of commercial product management of fin...

26 October 2023 /cloud

Artificial intelligence, data and technology adoption – a balancing act

Dominique Dierks Content Manager at Finextra

Artificial intelligence, data and technology adoption – a balancing act

This is an excerpt from The Future of Digital Banking in North America 2024 report. Safe and accurate data is a foundation for financial companies. Enriching and authenticating data between parties will enable institutions to use their data more intelligently, make better decisions, address real customer needs and offer embedded finance. Yet in re...

26 October 2023 /regulation

SEPA Request to Pay has just 3 registered adherents, the EPC isn’t worried

Paige McNamee Senior Reporter at Finextra

SEPA Request to Pay has just 3 registered adherents, the EPC isn’t worried

Despite listing just 3 adherents as having registered as SEPA Request to Pay (SRTP) adherents (as of the 13th of October 2023), the European Payments Council (EPC) is unconcerned about the pace of uptake. To better understand the registration process and rate of registration, Finextra sat down with director general of the EPC, Giorgio Andreoli. Req...

25 October 2023 /payments

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