Latest long reads: Finextra Research

Should tech move past toxic slogan culture?

Aoibhinn Mc Bride Content Editor at Jobbio

Should tech move past toxic slogan culture?

While Mark Zuckerberg’s famous “move fast and break things” mantra may serve him well during his unconfirmed MMA cage fight with Elon Musk, is this way of thinking still facilitating growth and innovation? In the last 18 months, Zuckerberg’s Meta has made over 21,000 staff redundant and has implemented a “Year of Efficiency” to offset the huge los...

28 July 2023 /people

Future of Fintech in Africa 2023: AI developing rapidly, but South Africa leads the charge

Sehrish Alikhan Reporter at Finextra

Future of Fintech in Africa 2023: AI developing rapidly, but South Africa leads the charge

This is an excerpt from The Future of Fintech in Africa 2023 report. Since the Covid-19 pandemic, there has been an increase in AI-related startups and national AI advancements in Africa. The continent as a whole faces issues with large geographic swathes and population segments which remain undigitised, resulting in a huge unbanked population. Ho...

27 July 2023 /devops

Industry calls for clarity on the PSR’s APP fraud proposals

Paige McNamee

Industry calls for clarity on the PSR’s APP fraud proposals

The UK is grappling with the notoriously complex challenge of reducing Authorised Push Payment (APP) fraud, where a scammer tricks someone into sending a payment to an account outside of their control. These insidious scams drained £485.2 million from UK individuals and businesses during 2022 alone . UK Finance’s Annual Fraud report for 2023 foun...

26 July 2023 /regulation

Why contactless payments are critical for business growth

Kirsty Morris MD of commercial solutions at Barclaycard Payments

Why contactless payments are critical for business growth

UK businesses know that now, more than ever, getting ahead of the competition is crucial – as inflation, the cost-of-living crunch and geopolitical turbulence have created a tough operating environment. Having the right payments offering can help companies achieve a competitive advantage, but with a fast-changing technological landscape, where sho...

24 July 2023 /payments

Retired Member

Web3 job searches increase by 1957%

Waves of hype swell up regularly in the tech world. The latest obsession is with AI. With the potential for AI tools to be used across most industries, and new roles being created as a result, it’s no surprise that AI is capturing attention. However, not too long ago, the obsession was with Web3. Web3 and AI are not so different; essentially, they ...

21 July 2023 /people

Inclusiv: financially underserved most impacted, yet climate mitigation programmes achieve success

Scott Hamilton Contributing Editor at Finextra Research

Inclusiv: financially underserved most impacted, yet climate mitigation programmes achieve success

Credit Union intermediary says members hit hard by climate change have developed innovative solutions, warranting them prime seats at policy and funding table. In the second part of our feature on Community Deposit Financial Institution (CDFI) and financial inclusion empowerment advocate Inclusiv, Finextra examines the New York City-based organizat...

20 July 2023 /inclusion

How to design a payments system that never fails

Madhvi Sonia Head of Content at Finextra

How to design a payments system that never fails

Payment data is driven by innovation, real-time experience, high availability, and cost reduction. Financial institutions must meet consumer demand via an infrastructure that allows for mobile-first banking, real-time analytics, API-driven open banking, and data enrichment, for instance, personalisation and fraud prevention. However, this is not p...

19 July 2023 /payments

Generative AI: Why data protection needs to be emphasised

Pilar Arzuaga Senior Associate at MWE

Generative AI: Why data protection needs to be emphasised

In recent years, the financial services sector has witnessed a significant technological revolution. Both fintechs and traditional financial institutions are shifting their focus from using artificial intelligence (AI) primarily for cost reduction to leveraging its capabilities for revenue generation. However, they adopt distinct AI strategies to ...

18 July 2023 /regulation

Kirstie McDermott Senior Content Editor at Amply

Key tech jobs to apply for this week

An unexplored aspect of 2022 and 2023’s tech and finance layoffs is that of the hundreds of thousands of jobs that were made redundant globally, many were not across purely tech functions. Roger Lee, founder of job cuts bible Layoffs.fyi says that “sales is the most common role, accounting for 20% of the laid-off tech workers. Recruiting and HR are...

14 July 2023 /people

Unbanked, financially-excluded find Inclusiv a powerful ally

Scott Hamilton Contributing Editor at Finextra Research

Unbanked, financially-excluded find Inclusiv a powerful ally

Inclusiv is an organization that combines deep know-how with dynamic, on-the-ground local partner support in its surprisingly effective approach to reinventing financial services and making the ‘system’ work – in many cases for the first time - for millions of individuals who’ve often been considered ‘not up to standard’ by traditional banking pla...

13 July 2023 /inclusion

Chris Holmes Peer at House of Lords

How will AI be regulated in the UK?

AI is impacting all sectors across financial services - capital markets, investment and retail banking; you name it, it’s algorithm-ed it. If you are seeking out a financial product, mortgage or de-materialized instrument, AI is likely in the mix. Last year NVIDIA reported over 75% of companies employing at least one of the traditional AI use cases...

12 July 2023 /regulation

Can AI enhance customer relationship management?

Valentine Horstmann Product Manager at Worldline

Can AI enhance customer relationship management?

What is the true impact of artificial intelligence (AI)? How can AI transform the relationship between the advisor and the customer? What services and features can AI bring to the banking sphere? The financial services industry has until recently been homogeneous, with many traditional firms offering similar products and services to similar custom...

11 July 2023 /retail

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