Latest long reads: Finextra Research

The King’s Speech: What does it mean for the future of fintech?

Madhvi Sonia Head of Content at Finextra

The King’s Speech: What does it mean for the future of fintech?

During his first speech as part of the State Opening of Parliament as monarch, King Charles defined and summarised the UK Government’s, and notably, Prime Minister Rishi Sunak’s priorities, for 2024 ahead of the next general election. Ministers intend to pass 21 laws across social changes, energy and environment, housing, policing, crime and justi...

08 November 2023 /retail

Paige McNamee

What is tokenised gold?

Despite the crypto winter and general uncertainty around digital assets, we’re continuing to see the emergence of real-world asset tokenisation as defi continues its creep into financial services. Artwork, intellectual property, real estate, corporate securities, luxury cars, commodities, and gold, are some examples of this tokenisation. Last week...

07 November 2023 /crypto

AI Safety Summit: What happened at Bletchley Park?

Madhvi Sonia Head of Content at Finextra

AI Safety Summit: What happened at Bletchley Park?

Leaders from across the world gathered in the land of concrete cows and roundabouts for the first ever global summit on artificial intelligence (AI) in early November 2023. Notable attendees such as X founder Elon Musk, UK Prime Minister Rishi Sunak and of course, will.i.am, were welcomed to Bletchley Park in Milton Keynes, Buckinghamshire, once t...

06 November 2023 /security

Why the net zero transition needs people at its heart

Ivana Popovic Research Associate at Centre for Climate Finance & Investment

Why the net zero transition needs people at its heart

It is no secret that we need to act more urgently if we are to effectively tackle the most severe consequences of climate change. Global warming, and the dire effects that come with it, are already drastically impacting the world and its civilians. Whether it be increased natural disasters, the reduction of biodiversity, or less clean air for peop...

06 November 2023 /sustainable

What is the EU AI Act? Understanding Europe’s first regulation on artificial intelligence

Dominique Dierks Senior Content Manager at Finextra

What is the EU AI Act? Understanding Europe’s first regulation on artificial intelligence

Artificial intelligence has rapidly evolved over the last couple of decades. Yet while AI innovation and adoption offers numerous benefits, it has so far been largely unregulated. This is about to change as the European Commission presses on with the EU AI Act. Signifying the first global piece of AI regulation, the proposed framework is drafted t...

03 November 2023 /regulation

Disrupting banking: Revolution through digital transformation

George Kotsakis Banking Lead at Profile Software

Disrupting banking: Revolution through digital transformation

The financial services ecosystem is undergoing a digital disruption and banking is no exception; The digital evolution of core banking is underway, and the technological advancements play a catalyst role for banks to stay resilient and craft their compelling value propositions to meet the evolving customer expectations. The world is rapidly changi...

03 November 2023 /retail

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

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