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Apr 16, 2024 | 
finextra.com | John Bertrand |Sergiy Fitsak |Phil Ashton |Irina Latushkina
Embedded finance is the fusion of technology and traditional financial services. Its innovation promises to transform accessibility to financial tools for all, and now change is needed more than ever.
Recent data has underscored the urgency of addressing the widening gap in economic security. Nearly a fifth (18%) of the UK are struggling with poverty. Over
11 million working-age individuals in Britain struggle with little savings, and food bank usage is at a record level.
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Apr 10, 2024 | 
finextra.com | Sergiy Fitsak |Phil Ashton |Irina Latushkina |Stephen Carter
Joe Garner’s Future of Payment review published in 2023 on behalf of the UK Government reflected the complexity of the current instant payment UK environment. The situation has allowed the UK’s early leadership in global instant payments to decline. The
UK is starting to fall behind in terms of person-to-person payments made by bank account transfers. UK is ranked 9th in terms of the number of account-to-account transfers per capita, and it predicted to fall to 17th by 2027.
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Apr 9, 2024 | 
finextra.com | Phil Ashton |Irina Latushkina |Stephen Carter |Azimkhon Askarov
In the six months following its groundbreaking launch in July 2023,
FedNow has emerged as a transformative force in real-time payments, marking a significant departure from the traditional Automated Clearing House (ACH) system.
This shift signifies a pivotal moment in banking innovation, offering instantaneous transaction processing that aligns with the modern financial transaction demands.
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Apr 9, 2024 | 
finextra.com | Irina Latushkina |Catherine Espinosa |Maya E. Kumar |Donica Venter
Europe’s banking landscape today looks significantly different than it did just a few years ago, largely defined by new regulations that have emerged in response to consumers’ shifting financial behaviors.
Payment Services Directive 2 (PSD2) and its successor, Payment Services Directive 3 (PSD3), for example, have transformed open banking from a niche capability into a mainstream use case that millions of consumers are now using to gain better visibility into
their personal data and finances.
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Apr 9, 2024 | 
finextra.com | Irina Latushkina |Stephen Carter |Azimkhon Askarov |Maya E. Kumar
Over the last 10 years, there has been a shift away from the outdated, annual performance review model, towards a new, flexible alternative – continuous, or agile performance management.
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Apr 9, 2024 | 
finextra.com | Irina Latushkina |Catherine Espinosa |Maya E. Kumar |Donica Venter
As many of us have seen, there is no shortage of wallets on offer. www.findynet.fi/en/ has compiled a list to support ongoing issuing, holding and verifying verified data tests - and to support the work in Open Wallet Foundation. https://lnkd.in/d_KtQNAx . Please take a look. It is impressive.
One could imaging that EU member states will in many cases consider deploying these instead of doing coding work on their own.
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Apr 3, 2024 | 
finextra.com | John Bertrand |Sergiy Fitsak |Phil Ashton |Irina Latushkina
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Navigating the ever-evolving landscape of banking trends amid fierce competition can be daunting.
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Nov 15, 2023 | 
finextra.com | Steve Wilcockson |Ravi Vasantraj |Richard Orange |Irina Latushkina
As you may already know, in the digital world we increasingly live in, fraudulent activities in finance are a major problem for both companies and individuals. Simultaneously, advances have been made to develop solutions that prevent risks and detect fraud
in a timely manner. One of these solutions is data enrichment. Thanks to this technique, companies are able to enhance their security measures and protect themselves from potential threats.
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Nov 10, 2023 | 
finextra.com | Steve Wilcockson |Ravi Vasantraj |Richard Orange |Irina Latushkina
What is RAG?
Here's the simple 30 second definition, A deeper dive will follow.
RAG (Retrieval Augmented Generation) is the buzziest word on the GenAI right now, more jargon to confuse the uninitiated.
RAG, stands for retrieval augmented generation. It simpy means you can apply and RETRIEVE knowledge in front of the LLM, to AUGMENT your LLM prompt and its response.
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Nov 6, 2023 | 
finextra.com | Ravi Vasantraj |Richard Orange |Irina Latushkina |Kevin Eley
What is RAG?
Here's the simple 30 second definition, A deeper dive will follow.
RAG (Retrieval Augmented Generation) is the buzziest word on the GenAI right now, more jargon to confuse the uninitiated.
RAG, stands for retrieval augmented generation. It simpy means you can apply and RETRIEVE knowledge in front of the LLM, to AUGMENT your LLM prompt and its response.
