Latest long reads: Finextra Research

Want to scale your fintech? Here’s why the UK is the obvious choice

Fintech investment in the UK fell last year. According to one KPMG report, it corrected itself from a record-breaking $39 billion in 2021, to $17.4 billion in 2022, a 56% drop. Innovate Finance also recorded an 8% dip in Venture Capital (VC) investment. For most of us, the market correction was a predictable byproduct of the COVID tech boom. Yet...

26 June 2023 /markets

Madhvi Sonia Head of Content at Finextra

Bridging the cloud migration gap

Financial services sector participants are aware that innovation usually increases at a slow, gradual pace, and as certain technologies mature, this leads to acceleration. This has not been the case in recent years and much of this accelerated adoption of technology has been because of fear, uncertainty, or doubt. Exponential growth has been on th...

23 June 2023 /cloud

Fraud prevention and cybersecurity in the era of PaaS

Sehrish Alikhan Reporter at Finextra

Fraud prevention and cybersecurity in the era of PaaS

Payments-as-a-Service (PaaS) providers operate on cloud-based platforms and offer services such as card issuance, cross-border transactions, and e-commerce gateways. PaaS platforms have disrupted the financial industry as non-bank competitors and fintech startups that are offering personalised and innovative products to consumers. This is an excer...

23 June 2023 /crime

Payments processing – from commodity to business opportunity?

Madhvi Sonia Head of Content at Finextra

Payments processing – from commodity to business opportunity?

According to Alexandre Maymat, head of GTPS at Société Générale, increased demand for faster and more efficient payments processing and the need for digital payments systems have led to the fostering of Payments-as-a-Service (PaaS). “PaaS platforms allow access to a wide range of payment rails from a single source and integrate with business ERPs

22 June 2023 /payments

Níamh Curran Senior Reporter at Finextra

The rise of banking-as-a-service

Banking-as-a-Service (BaaS) has become one of the major trends rising within payments. Gartner predicts that BaaS will be mainstream before the end of 2024 and this trend has sat at the top of the Gartner Hype Cycle from September 2022. This is an excerpt from Future of Payments 2023. BaaS is when banks open their APIs to allow digital banks and o...

22 June 2023 /payments

Scott Hamilton Contributing Editor at Finextra Research

Open finance in the corporate world

Banking and finance, circa 2019: Everybody knows large corporates and international firms are the only ones who need more than one bank, right? And for those who do, there are all sorts of customised connectivity options offered by the banks they use, and even APIs to make it work beyond those in-house systems, if required. So why does any less c...

22 June 2023 /devops

Níamh Curran Senior Reporter at Finextra

The clever use of data

Data is crucial to every financial institution and a coveted asset for customer growth and innovation. The incentives of having and using data are well known and offer benefits to both financial institutions and consumers. This is an excerpt from Future of Payments 2023. There is the possibility for financial institutions to have greater collaborat...

21 June 2023 /devops

How to prepare for the new European legislative landscape

Madhvi Sonia Head of Content at Finextra

How to prepare for the new European legislative landscape

Geopolitical uncertainties and macroeconomic challenges have resulted in increased innovation that have ensured that RTGS and Faster Payments rails are superseded by instant payments and paved the way for ISO20022. This could not have been possible without legislation and support from regulators. October 2022 saw the European Commission announce a...

21 June 2023 /regulation

Central bank digital currencies: Why it's time for commercial banks to lead

Gilbert Verdian Founder and CEO at Quant

Central bank digital currencies: Why it's time for commercial banks to lead

Anyone who has ever been involved with a technology project will know that they are notorious for being overtime and over budget. We’ve recently completed one that bucks this trend. It has the potential to significantly reshape our underlying monetary system and the nature of currency – creating a slew of opportunities for banks and payments firms...

21 June 2023 /crypto

Scott Hamilton Contributing Editor at Finextra Research

On the cusp of the instant payments era

Faster payments are not new. Instant payments, however, are truly the ‘newest kids on the block’ when it comes to payments, though they look different depending on where you find them. Standardisation, innovation, and regulation are all playing a part in elevating the ‘young upstarts’ of the payment world to leadership status for our new global ec...

20 June 2023 /payments

Níamh Curran Senior Reporter at Finextra

Liquidity management 4.0

The future of liquidity management is volatile. Liquidity management is facing the challenges of regional conflict and the impact of sanctions, inflation, and supply chain delays. This economic climate’s instability has increased the pressure for financial institutions to ensure they have assets in the right place at the right time. This is an exc...

20 June 2023 /payments

The status of immediate cross-border payments

Abid Mumtaz Commercial Lead at Wise

The status of immediate cross-border payments

The speed of cross-border payments has never been more important, or more possible, than it is today. In an increasingly interconnected world, providing instant payments is critical to meeting the needs and expectations of customers and businesses alike. Banks and financial institutions who cannot meet those demands risk losing their business to c...

20 June 2023 /payments

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