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What is PSD3? An overview of changes and timelines
Dominique Dierks

Dominique Dierks Content Manager at Finextra

What is PSD3? An overview of changes and timelines

In June 2023, the European Commission announced plans to modernise the Payment Services Directive, ushering in the third Payment Services Directive (PSD3). The long-awaited proposal outlines changes designed to adapt the directive to developments in the European payments market and ongoing digitisation of payments. PSD3 will have a significant im...

/regulation

Why are British workers experiencing low engagement at work?
Retired Member

Retired Member

Why are British workers experiencing low engagement at work?

Employee engagement is a hot topic right now, and rightly so. According to Gallup’s latest State of the Global Workplace report, UK worker engagement is just 8%, compared to 10% in Europe, 33% in North America, and 21% globally. These abysmally low scores suggest that the majority of workforces in Western European countries are sitting, wishing, w...

/people

CBDCs in fintech services: What are the risks and opportunities?
Vladimir Krasik

Vladimir Krasik Global Head of Internal Treasury at Revolut

CBDCs in fintech services: What are the risks and opportunities?

Many central banks around the world are now pursuing projects of central bank digital currencies (CBDC), digital tokens backed and issued by monetary regulators. According to the latest evaluation by the economists at the Bank of International Settlements (BIS), four monetary authorities – those of Nigeria, the Bahamas, the Eastern Caribbean, and ...

/crypto

Lost my heart to a deepfake: Dump your fraudster this Valentine’s
Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

Lost my heart to a deepfake: Dump your fraudster this Valentine’s

Shadows are creeping up from the depths of the dark web, ensnaring lonely hearts at their lowest by using loving words and falsified images to sink their claws into their bank accounts, emptying their funds and leaving them heartbroken and penniless. Romance fraud has become a common form of gaining the trust of a victim to financially exploit the...

/crime

What are the key data trends for 2024?
Duncan Cooper

Duncan Cooper Chief Data Officer, Asset Servicing at Northern Trust

What are the key data trends for 2024?

Everything about financial services is driven by data. It is data that we consume, data we produce and data that we deliver to our customers. The proliferation of data raises endless questions and opportunities for analysis. Here I will explore questions across four categories of data that are top of mind for 2024, and identify a fifth category tha...

/devops

Super Bowl 2024: The fintech firms that spent $7 million on a 30 second ad
Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

Super Bowl 2024: The fintech firms that spent $7 million on a 30 second ad

Taylor Swift’s attendance at the Super Bowl LVIII in Las Vegas captured more attention than winners Kansas City Chiefs this weekend, that’s for sure. After Usher’s – and Alicia Keys, Lil Jon and Ludacris’ halftime show, fintech firms also attempted to make the most of the now global captive audience by advertising during the big game. Super Bowl 5...

/payments

The state of cybercrime in the financial sector
Dominique Dierks

Dominique Dierks Content Manager at Finextra

The state of cybercrime in the financial sector

Digital innovation continues to accelerate, but modernisation also offers a fertile breeding ground for cybercriminals. According to IBM’s 2023 Cost of a Data Breach Report, surveying cybercrime across 16 countries, the financial sector comes in second in the global cyberincident damage statistics. More gravely, the average cost of a cyberattack is...

/crime

Why don’t Canadians trust data providers?
Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Why don’t Canadians trust data providers?

Data privacy concerns are major worries of more than three-fourths of Canadian citizens. In fact, more than 80% of the respondents to a recent nationwide poll on the topic said they want more control of how their personal data is handled and exposed. The survey was undertaken by public relations firm Hill and Knowlton in conjunction with the Leger...

/security

What is Faster Payments?
Níamh Curran

Níamh Curran Senior Reporter at Finextra

What is Faster Payments?

TCS emerged as a leading contender earlier this week to take over the running of the UK’s Faster Payments Service, according to Sky News. This would mean they take over from the previous operator Vocalink, owned by Mastercard. My colleague Dom previously covered what instant payments are, but here I’m going to look at the UK Faster Payments schem...

/payments

Why are fees on international payments so high?
Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Why are fees on international payments so high?

Survey shows American consumers disgusted with ‘junk fees’ and hidden costs; bank fees for international payments and foreign exchange, especially hidden or unexpected add-on charges, were among the most cited irritations in modern consumer transactions, according to a recent survey. The study, commissioned by fast-growing international payments...

/payments

How are bank closures impacting local communities?
Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

How are bank closures impacting local communities?

Following the news of HSBC installing its first ever ‘cash pod’ in Nasilea, North Somerset comes the questioning of how the general public will gain access to cash among numerous bank branch shutdowns. HSBC announced the closing down of 114 bank branches in the UK from April 2023, reporting the reason for the closures due to low footfall for in-pe...

/inclusion

Here’s how to get hired at Gresham Technologies
Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

Here’s how to get hired at Gresham Technologies

Our Breaking into Fintech series looks into what leading fintech companies are seeking in new hires, to give job-searchers an edge when joining the industry. This time around, Finextra interviewed Tamsyn Cole, director of people and culture at Gresham Technologies, a software company that specialises in reconciliation tools and regulatory reporting...

/people

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