Ruban Phukan CEO & Co-Founder at GoodGist
Did you know that 95% of Microsoft's commercial revenue comes from its partner ecosystem? This success hinges on effectively enabling a critical group within that ecosystem: long-tail partners. Long-tail partners refer to a large group that contributes a smaller but still significant portion of the overall revenue of their head company to whom the...
17 July 2024 /ai /markets Fintech
Jamel Derdour CMO at Transact365 / Nucleus365
For the UK, a global financial hub, the future of cross-border payments promises increased efficiency and enhanced security. This article explores the future trends and developments in cross-border payments in the UK, highlighting the driving factors, challenges, and potential impacts on businesses and consumers. Current State of Cross-Border Paym...
17 July 2024 /payments /markets Banking Strategy, Digital and Transformation
Nickii Mallia Business Development Manager at Aqubix Ltd - KYC Portal
In the rapidly evolving financial landscape, implementing a robust KYC/AML platform is paramount for financial institutions. Effective processes not only ensure regulatory compliance but also enhance customer experience and streamline operations. This blog outlines the steps for a successful KYC/AML platform implementation, addresses common challe...
17 July 2024 /regulation /crime RegTech
Alex Kreger Founder & CEO at UXDA
As I mark my 8th anniversary as a blogger on Finextra, I am filled with immense gratitude and pride. It's been an incredible journey of sharing knowledge, sparking discussions, and exploring the dynamic world of banking and financial technology. I extend my heartfelt gratitude to the Finextra community for your unwavering support, engagement, and i...
17 July 2024 /people /retail Banking Strategy, Digital and Transformation
Harsh Daiya Staff Software Engineer at Paypal
As a result of the lightning-speed changes in financial technology (fintech), preventing fraudhas become increasingly important. In their bid to deliver the most streamlined and customer-friendly financial services, fintech companies face significant headwinds from fraudulent activities. Regulatory frameworks mold strategies that limit firms while...
17 July 2024 /payments /regulation RegTech
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Fintech Mafia Carousel Pumping is the circular shilling of one another's financial products and services by a bunch of fintech founders with least regard for truth or consumer interest. I recently came across the following exhibit of Fintech Mafia Carousel Pumping on LinkedIn. ========== Why do some of us trust Barclays or Bank of America more tha...
16 July 2024 /regulation /retail
Erica Andersen Marketing at smartR AI
In a recent talk I attended, a legal expert advised against inputting personal data into AI models. But is this blanket statement truly accurate? The reality is far more nuanced, especially when we consider GDPR, the gold standard for personal data protection. This article explores how GDPR intersects with the use of personal information in AI mod...
16 July 2024 /ai /security Artificial Intelligence
Kaustuv Ghosh Founder at Nxtgen Payment Infra. Prometheus Labs.
Introduction This blog is based on an article co-authored along with Matthew Lamons, CEO of The Intelligence Factory and is an edited version of the same article. As a matter of introduction and context, we work closely together to enable strategic decisioning and risk mitigation through AI. We felt that the current global risk situation requ
16 July 2024 /ai /security Artificial Intelligence and Financial Services
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Preventing fraud is a major concern for every financial institution. Banks, in particular, must ensure that only the rightful account owner accesses their account and that no incorrect payments are made. This involves tackling issues such as identity theft, accidentally misdirected payments, and Authorised Push Payment (APP) fraud. While a few yea...
15 July 2024 /security /crime Exposing Financial Crime
Luigi Wewege President at Caye International Bank
The banking industry is undergoing a transformative evolution, driven by the rapid advancement of financial technology, or fintech. This burgeoning collaboration between traditional banks and fintech companies is not merely a trend; it is a fundamental shift that is reshaping the very foundation of financial services. In this op-ed, we will explor...
15 July 2024 /retail /predictions Financial Transformation
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