Latest reports and research: Finextra Research

Report

The AI Revolution: Time to Get Ready

Artificial intelligence (AI) and related technologies are fast making inroads into the financial services industry. Operating in an interconnected, digital world in which money moves instantly, and faced with increasingly stringent regulations, financial institutions are turning to AI to help transform their operations. According to Forbes, organisations invest in AI developments to meet one of three objectives: Build systems that think exactly as humans do; Get systems to work without figuring out how human reasoning works; or Use human reasoning as a model but not necessarily the end goal. Download this new paper by Finextra in association with Intel to find out more on these three objectives and how AI will help financial institutions participate fully in the digital revolution.

31 July 2018 207 downloads

Report

Exploiting Big Data, Analytics and Visualisation for Better Decisions and Business Growth

Banks are in many ways the original data-driven businesses, generating huge volumes of transactions on an hourly basis. Coupled with the explosion of data points produced by digital and social media and ever-advancing technologies in other sectors, financial organisations have a great opportunity to streamline processes, reduce costs and utilise this data to achieve their business goals. This new paper by Finextra, in association with Qlik, brings together the views and opinions from a broad range of data experts from the financial industry on what needs to change from a business and technology perspective to enable banks to harness the power of big data, analytics and visualisation and to foster data-driven value. Download the paper to read about: How Natural language processing (NLP) will impact the flow of data and analytics ‘Navigate the noise’ and overcoming key challenges such as leadership Ensuring the technology is right from the ground up Customer regulatory compliance, security and risk strategies How increased data means increased risk

30 July 2018 539 downloads

Report

Interconnection and Data at the Edge: The Next Frontier Of Competitive Advantage In Financial Services

There is a consistent focus on digital transformation within traditional banks. This paper, produced by Finextra in association with Equinix explores how interconnection and computing at the edge can help banks successfully navigate digital transformation and secure competitive advantage; whatever the future landscape looks like. Traditional banking is experiencing disruption on an unprecedented level, driven by regulatory change and increased customer demand. In order to remain relevant, banks need to go beyond compliance with legislation and a “me-too” offering, to a new frontier where they are considering new business models, innovating new revenue streams and working with new partners to offer a personalised experience. Banks lack the agility to capitalise on this opportunity given legacy technology, the ever-present threat of cyber-attack and the regulatory restrictions which are a pre-requisite for market participation. Through an online survey of over 100 expert financial services professionals, and a series of one-to-one interviews with senior bankers, this new paper lays out the key issues and opportunities faced by banks over the next five years. Download the paper now to view the results.

20 July 2018 695 downloads

Report

Digital Transformation: The New Dawn Belongs to Data

Digital transformation has become today's imperative for survival. So how do firms do it well? The charge for digital transformation means challenging the way businesses have been run for decades. To achieve that requires real vision. And a clear idea of what good looks like. The secret is to be clear where a constellation of technologies is best used, determine where technology is simply part of the kit bag and where one type of technology is not part of the answer for that particular phase. So where should firms start? With so many options, a digital transformation imperative, and a market littered with false starts, the best route is not always apparent. Download this new paper by Xceptor and Finextra as we discuss how using technologies to replicate bad processes just locks in more problems and how those in the know understand that data is the new dawn and it’s just around the corner.

09 July 2018 637 downloads

Report

Meeting EU Regulatory Requirements in A Post Data Breach Era

2017 played host to a catalogue of data breaches, and some of the most shocking examples were those that were an updated account of previously reported breaches. This has done nothing to augment already dwindling trust in financial services. In the wake of the second Payment Services Directive (PSD2), the General Data Protection Regulation (GDPR) updates and AntiMoney Laundering (AML) updates with their regulatory requirements for stronger verification and more rigorous data protection, have current verification methods passed their expiry date? The plethora of digital account services available now has given rise to more opportunities for cyber criminals to breach customer account data- this can then be sold on the dark web and used for fraud and money laundering. At the same time, the rise of cryptocurrencies has enabled such nefarious activities by providing anonymity. What is the way forward for digital payment and service providers to know exactly who their customers are as they come under increased regulatory scrutiny? Download this new white paper, produced by Finextra in association with Mitek, as we explore these issues and highlights some of the emerging methods financial institutions can deploy to meet compliance obligations while onboarding their customers in a secure, user friendly manner.

04 June 2018 719 downloads

Report

How to Realise a Digital Strategy in Financial Services

During 2017 Finextra in association with Temenos hosted a series of seminars to unpick and explore the challenges and opportunities for financial services grappling with the transition to a digital world. The three seminars examined the role of cloud computing within a digital strategy, progress by financial institutions in harnessing data and analytics to improve customer experience and options open to them to reinvent their business models for open banking. This new whitepaper produced by Finextra in association with Temenos distils the outcome of the seminars and presents a set of key takeaways for financial institutions looking to realise their digital strategies to remain relevant and successful in the banking landscape of the future. Download the full paper now to find out more.

30 April 2018 962 downloads

Report

AI in Financial Services: Next Steps To Realising The Potential

AI has generated a lot of excitement in the past few years. While it is a disruptive technology, its potential to add value in Financial Services firms is enormous. It already exists in our lives, and we know that it has much further to go. Every day we hear more about driverless cars, chatbots, robots, robo advisors and so much more. Where will AI go, how will it change our world are questions worth pondering. Firms across the globe are becoming aware of the power of these technologies. They have started to explore how AI could improve the customer experience, enter new markets and gain revenue more quickly, reduce operational and business expenses and enhance compliance efforts. Banks always want to know their customers better and improve their relationships. AI will clearly help here. In late 2017 Finextra and Opentext conducted a survey exploring how firms are approaching AI in financial services, what areas they consider the benefits and what they view as barriers to success. Download the full report now to view the findings, we hope you find the results as compelling as we do.

19 April 2018 966 downloads