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Future of Fintech in Latin America 2023: Local tech industries to gain from increased cloud activity
Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

Future of Fintech in Latin America 2023: Local tech industries to gain from increased cloud activity

This is an excerpt from The Future of Fintech in Latin America 2023 report. According to S&P Global Market Intelligence research, Latin America presented itself as a “propitious location for cloud industry developments” before the events of 2020. The article continued to explore how “the underserved status of the region, its large population (...

/cloud

ISO 20022: Only 15% of messages have migrated, will JP Morgan change the tide?
Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

ISO 20022: Only 15% of messages have migrated, will JP Morgan change the tide?

In conversation with JPMorgan’s Masayuki Tagai, managing director, industry issues, payments, and Ciaran J. Byrne, executive director, global head of product payments, global clearing at Sibos 2023 in Toronto, Finextra explored how ready the world is for native adoption of ISO 20022 and how the bank is working towards implementing the standard acr...

/Sibos

UK Fintech stays a safe bet for tech workers
Aoibhinn Mc Bride

Aoibhinn Mc Bride Content Editor at Jobbio

UK Fintech stays a safe bet for tech workers

Despite remaining the centre of European fintech investment and attracting more funding than any other country in the EMEA region, London has witnessed a 57% decline in fintech investment in the past year. According to data compiled by KPMG, investment dropped to £4.6 billion in the first half of 2023 compared to the £10.8 billion witnessed in 2022...

/people

How to effectively rollout ISO 20022: A guide for SMEs
Rosie McConnell

Rosie McConnell Product Director at IFX Payments

How to effectively rollout ISO 20022: A guide for SMEs

ISO 20022 was introduced in 2004, and since then institutions have taken varying approaches to manage this transformative change. In June 2023, CHAPS and the Bank of England’s real time gross settlement system (RTGS) migrated to ISO 20022 in an ambitious big bang mode, mandating that payment instructions contain at least the prior minimum required...

/Sibos

Is 'ethical AI' deeply complex or just a contradiction in terms?
Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Is 'ethical AI' deeply complex or just a contradiction in terms?

What if everyone could cover one point of view, switch to an opposing take on the situation, explain both, and conclude by explaining their personal opinions on the topic? And do it all in 45 minutes? Almost sounds like a job for a super-human, right? Or for artificial intelligence perhaps? Several dozen of Sibos 2023 conference’s estimated 8,000-p...

/Sibos /ai

How to build a standardised framework and empower the financially excluded
Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

How to build a standardised framework and empower the financially excluded

Environmental, Social, and Governance (ESG) principles have become tenets to keep financial services in check for sustainable action, diversity, equity, and inclusion, and growth to ensure its future. This is an excerpt from The Future of the Global Financial Ecosystem 2024: A Sibos special edition. As global incumbents are working towards meeting...

/Sibos

How cloud-based core banking can transform incumbent banks
John Barber

John Barber Vice President and Head at Infosys Finacle

How cloud-based core banking can transform incumbent banks

This article was co-authored by Ram Devanarayanan, head of business consulting in Europe & UK at Finacle. Customer expectations have soared since the integration of cloud technology into financial services, as traditional banks with bulky legacy technology struggle to provide insightful, personalised services to consumers. Neobanks are surpass...

/Sibos

How to bust ESG myths around sustainable banking
Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

How to bust ESG myths around sustainable banking

Sustainability was front and centre from day one of the SIBOS 2023 global conference in Toronto. Monday’s first full day of the annual gathering of bankers from across the globe included several sessions that featured themes around the climate and social transition imperatives facing banks as major influencers of corporate behaviour (via their len...

/Sibos

How to balance surging cyber threats with a tsunami of compliance costs
Níamh Curran

Níamh Curran Senior Reporter at Finextra

How to balance surging cyber threats with a tsunami of compliance costs

Every year, consumers and businesses alike suffer significant losses as a result of fraud and cybercrime, a large amount of this stemming from criminals taking advantage of an increasingly digital world. This is an extract from The Future of the Global Financial Ecosystem 2024 report, in association with Sibos. Digital fraud rose dramatically in 2...

/Sibos

Why has correspondent banking been left behind?
Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

Why has correspondent banking been left behind?

Retail banking and consumer finance innovation has come along in leaps and bounds, but the fragmentation of payment services available in the market, coupled with the stagnation of processing capabilities has resulted in an inability for financial institutions to collaborate for effective correspondent banking. With the multitude of alternative se...

/Sibos

ISO 20022, tried and tested?
Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

ISO 20022, tried and tested?

In 2004, financial services players were incredibly excited about ISO 20022, and it was considered the global payment standard of the future. 19 years later, we’re still waiting for ISO 20022 to take the industry by storm. However, we are on the precipice of a new era. Nearly every payment rail that comes out of any interaction across payments use...

/Sibos

Evolving cybersecurity risks in a digitalised era
Jason Harrell

Jason Harrell Managing Director at DTCC

Evolving cybersecurity risks in a digitalised era

With Sibos only a few days away, I am looking forward to participating on the 'Managing Risk and Compliance in a Digital Era' panel, where we will discuss the evolving cybersecurity threat landscape and current risks posed to the financial services industry. This discussion comes at a time when the rise of technological transformation is inadverte...

/Sibos

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