-
Apr 30, 2024 | 
finextra.com | Rodrigo Zepeda |Ross Kolodyazhnyi |John Bertrand |Iain Swaine
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.
-
Apr 29, 2024 | 
finextra.com | Rodrigo Zepeda |Ross Kolodyazhnyi |John Bertrand |Iain Swaine
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.
-
Apr 26, 2024 | 
finextra.com | John Bertrand |Iain Swaine |Nick Green |Barley Laing
After hosting a panel discussion, "Crypto Regulation Unveiled: Exploring MiCA's Global Impact," at the FIBE Fintech Festival in Berlin, I've caught myself thinking that everybody is not so excited about MiCA regulations. Will it become that magic wand to
address current hurdles holding back the global adoption of blockchain and crypto assets? — I very much doubt it. However, it will definitely open new opportunities for existing companies and businesses with new business models. Let's dive in.
-
Jan 10, 2024 | 
finextra.com | Nicholas Holt |Santosh Radhakrishnan |Iain Swaine |David Hensley
In
Bills And Statements Are Hard To Decipher, we noted that it was very hard to read bills and statements from banks, ecommerce companies, retailers and other industries. We took two examples and did a deep dive to understand the full extent
of the indecipherability problem:
Ecommerce Bill Bank Statement
In this post, we will examine the root cause of this problem and propose a few solutions.
-
Jan 9, 2024 | 
finextra.com | Nicholas Holt |Santosh Radhakrishnan |Iain Swaine |David Hensley
In the UK, 2023 was dominated by the continued impact of the cost of living crisis and rising inflation, leading to tighter budget restraints and growing consumer demand to have more control over their finances. In 2024, I I predict the desire for flexibility
will continue, through growing demand for new features and technologies such as Buy Now, Pay Later (BNPL) and Artificial Intelligence (AI).
-
Jan 9, 2024 | 
finextra.com | Santosh Radhakrishnan |Iain Swaine |David Hensley |Aleksandra Kitina
“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.” This quote from author G. Michael Hopf (which in modern terms obviously relates to all human beings) has spread far beyond its origins
in a middling science-fiction novel and has become a catch-all explanation of ‘decadence’.
It has been used to explain, for example The Great Depression of the 1930s.
-
Jan 9, 2024 | 
finextra.com | Santosh Radhakrishnan |Iain Swaine |David Hensley |Aleksandra Kitina
If I could improve just one thing in the payments industry this year, it would be fostering greater financial inclusion through seamless integration and accessibility. Now this might sound broad, but that is intentional as it encompasses several key aspects:
1. Bridging the gap between the "banked" and "unbanked: Millions of individuals worldwide still lack access to traditional banking services, leaving them reliant on cash or informal systems.
-
Jan 9, 2024 | 
finextra.com | Santosh Radhakrishnan |Iain Swaine |David Hensley |Aleksandra Kitina
A year ago, I believed UK Open Banking payments were on a roll. Total payment initiations for 2022 were 68 million payments, an increase of 171% over 2021, showing a strong foundation for Open Banking. At this rate, I believed 1bn payments a year could be
reached in 2025, a level where Open Banking would be firmly established in the UK payments landscape.
However, today I am less sure – the rate of growth of UK Open Banking payments is slowing.
-
Jan 9, 2024 | 
finextra.com | Iain Swaine |David Hensley |Aleksandra Kitina |Santosh Radhakrishnan
Over the next few weeks, I will provide a definitive guide to the next evolution of banking technology –
Coreless Banking.
Amid a period of unprecedented digital and technological transformation, fast-changing consumer, business and market demands, and regulatory challenges, banks face a dilemma. At the heart of any bank sit several core banking solutions that govern the bank's
ability to launch new products and serve customers across an increasing range of channels.
-
Jan 9, 2024 | 
finextra.com | Shiv Nanda |Iain Swaine |Alex Kreger |James Barker
Organizations must use AML in the banking sector to avoid any illegal activities and secure essential data. It’s much needed in the digital landscape as imposters are also using advanced illegal means to combat the AML process. Securing users from terrorism
and drug trafficking is essential in the digital age. Above mentioned conditions mandate
AML compliance. Financial institutions, especially banks, have to use advanced services to combat money laundering cases.
What is AML Compliance?
