Latest long reads: Finextra Research

Open finance and smart data: Where are we heading?

Luke Scanlon Head of Fintech Propositions at Pinsent Masons

Open finance and smart data: Where are we heading?

Two significant steps have been taken recently which are poised to move forward the discussion on the future of open finance and smart data in the financial services context. Those steps are the potential for finalisation of the Data Protection and Digital Information and (DPDI Bill) and the Joint Regulatory Oversight Committee (JROC) proposals fo...

12 June 2024 /regulation

Hamish Monk Reporter at Finextra

How to realise the benefits of CBDCs

With a good amount of responses to Finextra’s introductory short read, ‘What is CBDC?’ we follow up to address the prevailing commentary: “What would be the main purpose of introducing digital currency?” The answer to this can be given in terms of the benefits of central bank digital currency (CBDC). In this article we respond to our community by ...

11 June 2024 /crypto

What is DORA, and how can banks collaborate with tech providers to prepare for it?

Gabriela Giannattasio VP EMEA at Veritran

What is DORA, and how can banks collaborate with tech providers to prepare for it?

This article was co-authored by Carlos Cordova Niewold, chief cyber resilience officer at Veritran. As financial transactions have increasingly moved to digital platforms, the banking sector has evolved into a technology-first ecosystem. Concurrently, the mass digitisation of financial services has led to an influx of technology startups with varyi...

11 June 2024 /regulation

What does the General Election mean for Data Protection, Digital Markets, and AI Regulation Bills?

Chris Holmes Peer at House of Lords

What does the General Election mean for Data Protection, Digital Markets, and AI Regulation Bills?

I started the year writing about three important new laws that were with us in the House of Lords: the Data Protection Bill, the Digital Markets Bill, and my own AI (Regulation) Bill. The Data Protection and Digital Information Bill covered many aspects of data protection law including enabling smart data/data sharing across government – key fo...

10 June 2024 /regulation

How can fintechs ensure further profitability amid macro-economic challenges?

Sehrish Alikhan Reporter at Finextra

How can fintechs ensure further profitability amid macro-economic challenges?

Funding for startups and fintech has fallen to a low point since its peak in 2021. Yet, many companies with a more solid base are looking at how they can expand further and create more profitability in a challenging macroeconomic environment. Q1 2024 saw only 904 deals and $7.3 billion in fintech funding, which was the worst performing quarter sinc...

07 June 2024 /startups

Madhvi Mavadiya Head of Content at Finextra

Is Europe ready for MiCA?

Europe is currently at the tipping point of regulating cryptocurrency. The European Union has passed the Markets in Crypto-Assets Regulation (MiCA), which will establish uniform rules for crypto-assets across the EU market. Some of which many believe consumers have been in dire need of for some time. This is an excerpt from the Future of Digital B...

07 June 2024 /crypto

UK Elections 2024: What did Labour and the Conservatives promise ahead of the election?

Madhvi Mavadiya Head of Content at Finextra

UK Elections 2024: What did Labour and the Conservatives promise ahead of the election?

The UK will hold its first general election in five years on 4th July 2024, against the backdrop of the cost of living crisis, bank interest rates being cut, long NHS waiting lists, plans for asylum seekers and migrants to be deported to Rwanda, the Israel-Hamas war, the Russia-Ukraine war, and non-prioritisation of climate change mitigation. In...

06 June 2024 /regulation

Why variable recurring payments is the next step in growing European open banking

Níamh Curran Senior Reporter at Finextra

Why variable recurring payments is the next step in growing European open banking

Open banking in Europe is maturing. PSD2 legislation has driven this development across Europe, with the Financial Data Access (FiDA) and PSD3 now on the horizon, this may be the year we start to see the full potential of open banking and even open finance. This is an excerpt from the Future of Digital Banking in Europe 2024 report. There promis...

06 June 2024 /payments

ERP migrations and the pitfalls of decayed bank master data

Sehrish Alikhan Reporter at Finextra

ERP migrations and the pitfalls of decayed bank master data

In a data-rich world, financial institutions are already struggling with fractured bank master data. Add on top of that data decay and the drive towards migration as many ERP (enterprise resource planning) providers move towards the end-of-life dates for their traditional ERP systems, migration is becoming a herculean task. In the face of a loomin...

06 June 2024 /cloud

How embedded finance is driving the banking-as-a-service revolution

Jean-Jacques Le Bon Chief Strategy & Product Officer at Vodeno

How embedded finance is driving the banking-as-a-service revolution

The world of payments is undergoing a radical transformation and Banking-as-a-Service (BaaS) is playing a starring role. This article is an excerpt from the Future of Digital Banking in Europe report. BaaS is the delivery mechanism that underpins embedded finance, allowing the provision of banking solutions directly into the websites and apps of b...

05 June 2024 /payments

Sehrish Alikhan Reporter at Finextra

The telecom-fintech overlap

With the common factor of being two sectors consistently on the forefront of innovation, the telecommunications and fintech industries have intersected in exciting new ways that redefine each industry and pushes towards new business models. There is significant overlap between the sectors, with both telecoms and fintech being heavily regulated indu...

05 June 2024 /payments

Hyper-personalisation - Are super-apps over?

Hamish Monk Reporter at Finextra

Hyper-personalisation - Are super-apps over?

Hyper-personalisation has become something of a buzzword in discussions of the Future of Digital Banking in Europe. On the ground there are many holes that need to be plugged – both in terms of the technology and scalability – before it can become prevalent. A Deloitte report, ‘The Future of Retail Banking: The Hyper-Personalisation Imperative’, ...

04 June 2024 /retail

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