Live@ EBAday

Opinion and Interviews live from Madrid

Long Reads

Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

How can AI become more sustainable?

Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

What is agentic AI, and why should banks or customers care?

Dominique Dierks

Dominique Dierks Senior Content Manager at Finextra

What is the global AI legislative outlook?

Hamish Monk

Hamish Monk Senior Reporter at Finextra

How AI can be embraced by financial services

Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Where is AI winning, and heading next in financial services?

What does the future hold for financial services across the world?

The Finextra community features visionaries in every area of payments, securities, cash management and trade. Our Sibos channel brings their expert opinions and informed insights to our global members.

FinextraTV

Why Tier 2 & 3 Banks Often Struggle with AI/ML Adoption

Alongside the popularity of GenAI in modern conversation, Machine Learning is another technological innovation that continues to provide benefits in tandem. Dr Sridevi Tandley, Practice Leader, Data & Analytics in Banking, Aspire Systems in an interview with FinextraTV shared her insights into the AI/ML landscape and the greatest use cases. On top of this, she also discusses the difficulties tier 2 and tier 3 banks have implementing AI/ML into their processes and how they should lean into third-party vendors.

Papers

Event Report

Sustainable Finance Live – Natural Capital Finance

A Record from the Sustainable Finance Live Conference and Hackathon 2024  On 8 October 2024, Finextra Research and ResponsibleRisk held the annual Sustainable Finance Live hybrid conference and hackathon, in partnership with NayaOne.  The conference took place at Events@ No6 in London, and started off with a welcome from founder of ResponsibleRisk and contributing editor for Finextra, Richard Peers. Peers opened with an introduction outlining the themes and objectives of this year’s event: to understand natural capital risk, pricing, and trade.  The focus areas of the conference were natural capital, agriculture, supply chains, as well as regulation and reporting. The sessions also highlighted highlighting new technologies that are being used to collect nature-related data such as Earth observation and satellite reporting.  Richard Peers, contributing editor at Finextra and founder of ResponsibleRisk, moderated the conference: “What we wanted to do is to put on an event aimed at explaining the landscape of a natural capital transaction, with the associated data providers identified along the way. Ending the process in an asset management trading platform, taking into consideration all the steps that a regulated entity has to undertake, to prove to the financial industry that this can be an asset class, that is as tradable as any other.”  Download a Visual Record of the event below to discover key themes of the event’s panels, keynotes, and hackathon. We cover:  Natural capital trading from field to trade;  How nature financing can be achieved;  The role of data, economic profit, and policy for natural capital;  How to build a sustainable ecosystem using natural value;  Visions and results from the hackathon;  And more. 

106 downloads

Future of Report

The Future of AI in Financial Services 2025

A special edition for NextGen:AI 2024 Artificial intelligence (AI) has the ability to revolutionise the financial industry making id more efficient, enhance customer experiences, reduce costs, and create new products and services.  AI is transforming how institutions manage risk, intercept fraud or crimes, personalise customer experiences, improve efficiencies across their operations, make investment decisions, and many more use cases which are still being developed.  Some industries have already started to embrace AI and banks can be included in that, but financial services still has room to learn from the developments of other ecosystems. At the same time, the innovation in AI is now being driven by legislation. The EU AI Act came into effect in 2024 and is the most concrete piece of legislation, but other jurisdictions are developing their own and will continue to watch how the EU progresses.  With the new possibilities AI is opening for financial services, there are new risks. Biases, model issues, cyber security, and compliance issues are among some of the hurdles which AI presents to financial institutions. Adding to this are the serious sustainability issues which AI can create for financial institutions planning to use it long term.  This report has been written in collaboration with Box, Innovate Finance, and RedCompass Labs, and contributions from Globant, the United Kingdom House of Lords, ING, NatWest Group, Sumsub, and Smarsh. It explores:  How financial services can embrace AI;  Some of the key emerging AI use cases;  Global legislative outlook for AI;  AI sustainability and energy efficiency;  How AI can transform financial services metadata extraction. 

677 downloads