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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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It’s not news that private equity firms act as technology strategists and guides to foster synergies between the companies in their portfolio. In 2024, their focus is on AI-enabled synergies within the portfolio. In this article, Drake Paulson, VP of Client Experience and Partnerships at Anduin Transactions, analyzes how the initiatives of synergi...
15 April 2024 /startups /markets
Parth Prafulbhai Sonara Product Manager at BlackRock
It is predicted that by 2025, ISO 20022 will handle 80% of transaction volumes and 87% of transaction value globally. In Europe, the adoption deadline was extended to November 2022. ISO stated that the new standard will provide improved efficiency in payment processing and enhanced data automation capabilities on an international scale. One signif...
26 March 2024 /payments /wholesale
Nameer Khan Founder and CEO at Fils
Every year, March 22nd marks a somewhat solemn reflection on the state of the world’s water security. The bedrock of all known life, water is a fundamental need for all communities, depicted throughout literature as a unifying symbol of life and renewal. However, this year’s International Water Day warns against a not so far future in which water i...
21 March 2024 /payments /sustainable
Richard White Head of Trade Finance at Commercial Banking Applications (CBA)
A continued push for digitisation, transparency and automation in trade finance prompts the question about the impact a migration of Swift messaging from MT to an ISO 20022 standard (MX) would have on global trade finance operations. As the payments and cash management industry has already been finding out, there are benefits, challenges and costs ...
18 March 2024 /regulation /wholesale
John Bertrand MD at Tec 8 Limited
At UK first Global Fraud Summit, HM Treasury plans to introduce legislation, only to apply to suspicious Authorised Push Payments executed within the UK in sterling. The proposed statutory instrument amends the Payment Services Regulations 2017 and allows PSPs to delay the execution of an outbound payment transaction by up to four business days fr...
15 March 2024 /payments /regulation
Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
So where are we going? Do we realize that we nead leaps in productivty, in service capability, in security, in privacy, in Single Market progress and in serious lowering of costs in the public sectors? Then all countries and EU should make the strongest possible public-private efforts to get the Trust Infrastructure in place - supported by global...
13 March 2024 /retail /identity
If you have a hammer, everything around may look like a nail - they say. With the hammer-advent of Self-sovereign Identity, DIDs, decentralised data, Trust over IP, Findy.fi, Open Wallet Foundation, eIDAS2 and especially the work on organisation wallets in EWC this is for sure looking like being the case. Any number of use cases have been listed....
05 March 2024 /retail /identity
Steve Rose CEO at Tint Financial Services
In the world of international trade, securing funding can be a crucial factor in driving business growth. With over 300,000 UK SMEs engaged in global transactions, cash constraints often hinder their operations as suppliers typically require payment before end customers settle their dues. Accessing trade finance, therefore, is essential for SMEs t...
23 February 2024 /payments /markets
Alex Kreger Founder & CEO at UXDA
How can we design an app that provides a guide for better financial decisions? Users typically invest based on in-app offers, but, to help customers achieve their dreams, we can change that approach. While working on a recent investment product for our client, we found that users needed help first making sense of their investments by setting their...
12 February 2024 /wealth /retail
From 2008 to 2022, private funds enjoyed turbocharged growth when their assets under management (AUM) soared five-fold to reach $13 trillion. The AUM metric came to rival returns as the golden benchmark of success and drove a surge in compensation for general partners and their teams. Money rolled into private markets, and with channels to private...
30 January 2024 /regulation /markets
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