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Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

Suptech, APIs, and the future of innovation in risk management

This is an excerpt from The Future of Risk Management and Compliance 2023 report. Suptech will reduce threats with data analytics Financial supervisor technology (suptech) uses innovative technology to digitise regulatory strategies and curate a more risk-based approach to financial supervision. Currently, suptech is implemented through data analy...

/regulation

Ekaterina Almasque

Ekaterina Almasque General Partner at OpenOcean

Why the UK Government needs a more strategic R&D investment policy

The UK’s start-up ecosystem plays a crucial role in securing the country’s status as a premier investment destination for both foreign and domestic firms, driving innovation and economic growth for the entire nation. The UK tech sector’s £24 billion raised in 2022 made it the number one technology hub in Europe – and number three in the world. Ens...

/markets

Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

New ways of customer authentication in payments

Customer authentication has a become a staple in security processes for payments as a way for the platform to verify a consumer's identity and ensure the transaction is approved and secure. While there are a range of digital authentication processes, a common use case among banks is two-factor authentication which verifies the user’s identity at t...

/crime

Retired Member

Retired Member

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...

/markets

Madhvi Sonia

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...

/cloud

Sehrish Alikhan

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...

/crime

Madhvi Sonia

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

/payments

Níamh Curran

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...

/payments

Scott Hamilton

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...

/devops

Níamh Curran

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...

/devops

Madhvi Sonia

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...

/regulation

Gilbert Verdian

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...

/crypto