Nikhita Hyett

Jan 30, 2024 | finextra.com | Mete Feridun |Uldis Teraudkalns |Nikhita Hyett

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. The previous blogs in this series taught us how banking distribution and core banking technology have evolved over the decades.

Jan 29, 2024 | finextra.com | Mete Feridun |Uldis Teraudkalns |Nikhita Hyett

Open Banking celebrated six years young on the 15th of January, making this the perfect time to give the industry a JROC (Joint Regulatory Oversight Committee) update. As we look ahead in Open Banking, JROC has been our guiding North Star. The JROC committee, having commenced their ambitious work in June 2023, has already proven essential in helping us realise Open Banking’s full potential.

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).

Dec 21, 2023 | wardsauto.com | Nikhita Hyett

It wasn’t too long ago that the automobile was simply a means of getting from one place to the next. Times have changed. Today’s cars are technology-laden devices that interact and engage with nearly every aspect of our expansive digital lives. With a wide range of internet-powered integrated applications, vehicle ownership is now as much a digital experience as it is a transportation one.