-
Dec 4, 2024 | 
finextra.com | Brad Strock
Unlock operational efficiency with automation and scale
Financial institutions are laser focused on efficiency, and rightly so. A poor efficiency ratio – the relationship between your expenses and your revenue – will slow the movement of money through your institution to a crawl and negatively impact your service
to customers.
Efficient operations, on the other hand, speed up money movement and help you achieve your growth goals without ratcheting up your expenses.
-
Mar 26, 2024 | 
finextra.com | Raktim Singh |Nick Green |Brad Strock |Mikhail Yegorin
Banking-as-a-Service (BaaS) is one of the key trends reshaping financial services, and we’ve only just scratched the surface in terms of the impact BaaS can have across multiple sectors.
Between 2022 and 2032, experts forecast that the global BaaS market value will grow more than 5x,
. Why? Primarily because non-financial companies are becoming ever-more alert to a wide range of opportunities that BaaS-enabled embedded finance presents for them to attract, retain and upsell to their customers.
-
Mar 26, 2024 | 
finextra.com | Raktim Singh |Nick Green |Brad Strock |Mikhail Yegorin
News in your inbox
For Finextra's free daily newsletter, breaking news and flashes and weekly job board.
Channels
Group
External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Its five years since we published the Access to Cash Report - Is Britain ready to go cashless?
-
Mar 25, 2024 | 
finextra.com | Nick Green |Brad Strock |Mikhail Yegorin |Maria Schuld
The role of sustainable tools in banking is fascinating for many reasons.
Firstly, banks are actively participating in financing initiatives beyond their practices to provide loans and investments specifically for environmentally friendly projects. This helps create an ecosystem that aligns with sustainability goals.
Secondly, some banks have introduced tools that allow customers to track the carbon footprint of their transactions.
-
Mar 22, 2024 | 
finextra.com | Nick Green |Brad Strock |Mikhail Yegorin |Maria Schuld
News in your inbox
For Finextra's free daily newsletter, breaking news and flashes and weekly job board.
Channels
Group
External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Fresh out from the press. Comprehensive and concrete actions described here: https://findy.fi/en/
Comprehensive with concrete actions described.
-
Mar 21, 2024 | 
finextra.com | Nick Green |Brad Strock |Maria Schuld |Mikhail Yegorin
Financial crime damages the trust and stability that the economy relies on. As criminals use more advanced technology, there's a bigger need for smart and quick action—extending far beyond regulatory adherence.
And that’s where the bureaux come in.
Bureaux play a key role—using powerful tools to analyse data and spot risks before crime occurs. They provide advanced solutions and data sets that allow credit providers to stay ahead of innovation and ahead of attacks.
-
Jan 26, 2024 | 
finextra.com | Uldis Teraudkalns |Nikhita Hyett |Santosh Radhakrishnan |Brad Strock
The Bank of England (BoE) and HM Treasury published a
response to their joint
consultation paper on 25 January 2024, setting out their assessment of the case for a retail central bank digital currency (CBDC). The consultation paper, which was published last year in February, marked the start of the design phase of the project. The
consultation sought feedback from the public on a set of design proposals for a digital pound and judged it likely that a digital pound would be needed in the future.
-
Jan 25, 2024 | 
finextra.com | Nikhita Hyett |Santosh Radhakrishnan |Brad Strock |Fatemeh Nikayin
Uldis Tēraudkalns, CEO of Nexpay
We’ve come a long way since Electronic Money Institutions (EMIs) first appeared in the 2000s. 20 years ago, there was concern about where this e-money trend was taking banking. But time has proved the doubters wrong. According to a
KPMG report, in Europe (not counting the UK) between 2017 and 2021, 852 firms were granted authorisation as EMIs as well as Payment Institutions (PIs) or Account Information Service Providers (AISPs).
-
Jan 25, 2024 | 
finextra.com | Santosh Radhakrishnan |Brad Strock |Fatemeh Nikayin
In the dynamic environment of modern business, the key to success lies in the adaptability of software solutions. The increasing demand for integrated payment features presents a lucrative opportunity for software firms to pave the way for heightened profitability.
However, becoming a Payment Service Provider (PSP) requires navigating complex financial regulations and undergoing a comprehensive overhaul of business processes.
-
Jan 24, 2024 | 
finextra.com | Santosh Radhakrishnan |Brad Strock |Fatemeh Nikayin
In 2024, the travel and expense (T&E) management industry is set to undergo significant transformations, driven by technological advancements like AI, Blockchain, and predictive analytics.
The global expense management market is projected to reach
$13.15 billion by 2030, indicating a strong trend toward the adoption of advanced solutions across various sectors.
What key trends will influence the travel and expense management industry in 2024?
1.
