Latest long reads: Finextra Research

Edward Metzger Vice President, Payments Efficiency at Lexis Nexis Risk Solutions

5 payments trends to watch in 2024

Over the past decade, a wave of innovation has swept through all corners of the payments landscape. As a result, the needs of market participants have evolved and they continue to do so at a substantial pace. Here are our predictions for the key trends to watch as 2024 unfurls. 1. Account-to-Account payments soar Account-to-account (A2A) payments b...

19 January 2024 /payments

What is the SEPA Payment Account Access Scheme?

Níamh Curran

What is the SEPA Payment Account Access Scheme?

Truelayer became the first participant in the SEPA Payment Account Access Scheme (SPAA), building on open banking initiatives. The SPAA programme goes beyond PSD2 compliance and creates further opportunities in open banking. Yet not much has been discussed on what this scheme’s intentions are and what impact It might have on the open banking mark...

18 January 2024 /devops

10 themes to watch for in 2024: Opportunities in a complex world

Retired Member

10 themes to watch for in 2024: Opportunities in a complex world

The global economy has defied a hard landing in 2023. As 2024 unfolds, a new but more complex economic landscape is taking shape. Major central banks are prepared to keep interest rates high, and growth paths and inflation patterns across the world will diverge. There is an added layer of complexity which includes the busy election calendar, the m...

18 January 2024 /markets

What’s making AI hot for FIs now, and what’s next on the menu in 2024?

Scott Hamilton Contributing Editor at Finextra Research

What’s making AI hot for FIs now, and what’s next on the menu in 2024?

Artificial Intelligence (AI) applications are becoming much more common everywhere, for consumers to research and explore online resources, for developers to more easily write code, and in customer service scenarios to (hopefully) improve responsiveness and enhance support solution development. AI also offers broad value within various areas of fi...

17 January 2024 /cloud

6 IT trends that will increase competition in fintech in 2024

William Waid CPTO at FICO

6 IT trends that will increase competition in fintech in 2024

In the past couple of years, we have seen a real transformation in the banking space, driven largely by IT. Digital transformation projects appear to be gaining traction after years of wheel-spinning — major banks and insurers are getting their digital acts together. So, what is in store in digital technologies in 2024? 1. Accelerated digital tra...

16 January 2024 /cloud

Open banking year six: JROC’s priorities and the UK’s future roadmap

Madhvi Sonia Head of Content at Finextra

Open banking year six: JROC’s priorities and the UK’s future roadmap

On 13th January 2018, open banking was launched in the UK after PSD2 legislation forced service providers to improve customer authentication and security processes. Since then, the UK’s largest account providers were able to make the most of their financial data and securely access services from a wider range of companies that better meet their ne...

15 January 2024 /devops

No gender pay gap at executive levels in European tech report reveals

Aoibhinn Mc Bride Content Editor at Jobbio

No gender pay gap at executive levels in European tech report reveals

From Equal Pay Day, which takes place in the UK every November, to International Women’s Day, a global movement which occurs on 8th March annually, the conversation surrounding pay disparity is nothing new. However, a new European study by Ravio has found that when it comes to the gender pay gap within tech, junior staffers who are female suffer th...

12 January 2024 /people

How migrant banking’s expansion means different approaches in US vs. Europe

Scott Hamilton Contributing Editor at Finextra Research

How migrant banking’s expansion means different approaches in US vs. Europe

Migrant banking solutions, or banking for refugees and other recent arrivals, have been increasing in type and number in both Europe and the US for a while now. However, the number of programs available to new entrants to the Eurozone is far more numerous, especially on a per capita basis, than in America. There are some key differences in product...

12 January 2024 /inclusion

What is an ETF? All you need to know after the US SEC approves Bitcoin spot ETFs

Níamh Curran

What is an ETF? All you need to know after the US SEC approves Bitcoin spot ETFs

The Securities and Exchange Commission (SEC) has announced its approval of 11 bitcoin spot ETFs, allowing for trading to begin as early as today. There has been a lot of buzz and build-up to this outcome, not least because the SEC’s X account was reportedly hacked resulting in their determination being tweeted a day early. For many, this is the...

11 January 2024 /crypto

Forget COP: Why financial markets must advocate for ESG

Retired Member

Forget COP: Why financial markets must advocate for ESG

Experts warn 2024 could take us into uncharted climate territory, pushing temperature rises beyond the threshold of 1.5 degrees Celsius. These stakes demand one thing: there must be no more COPs where corporate emissions, as the main driver of the climate crises, are not meaningfully addressed. Oil and gas majors remain the biggest offenders, but ...

11 January 2024 /sustainable

Sehrish Alikhan Reporter at Finextra

Rise of the superapp

Gartner forecasts that 50% of the population will be using superapps by 2027, predicting a skyrocket in usage for the future. Yet where did they come from and what do they do? Superapps are mobile or web applications that offer users multiple services on a single platform. These multi-service applications include mini-apps and features that allow u...

10 January 2024 /retail

How leading finance and insurance firms are already capitalising on AI

Theo Michalopoulos General Manager, Financial Services Industry at Microsoft

How leading finance and insurance firms are already capitalising on AI

AI has an incredible breadth and variety of use cases for financial services organisations – but there is a strategic thread that should tie them all together. When used well, AI helps financial firms do more of what they’re great at. Banks want to do more banking, provide more mortgages, make good credit risk decisions and take the right assets o...

10 January 2024 /retail

Long reads