Latest long reads: Finextra Research

What will the UK climate fintech space look like in 2035?

Madhvi Mavadiya Head of Content at Finextra

What will the UK climate fintech space look like in 2035?

This is an extract from the recently published report, 'The Future of UK Fintech - 2015-2035'. 2006 ‘The Economics of Change – The Stern Review’ released by Nicholas Stern: the report assessed a wide range of evidence on the impacts of climate change and on the economic costs. The conclusion of the study is that the benefit of a strong and early ac...

18 April 2024 /sustainable

Will embedded finance change UK fintech by 2035?

Scott Hamilton Contributing Editor at Finextra Research

Will embedded finance change UK fintech by 2035?

Buying vs. building is not going away, it’s accelerating in the business world. This is an extract from the recently published report, 'The Future of UK Fintech - 2015-2035'. Three in five (60%) UK adults has used embedded finance services as part of the checkout process when shopping online in the past 12 months. Embedded finance services include...

18 April 2024 /payments

IFGS 2024: What do the 2024 elections mean for international finance?

Sehrish Alikhan Reporter at Finextra

IFGS 2024: What do the 2024 elections mean for international finance?

What do the UK, US, Mexico, South Africa, European Parliament, and India have in common? They, among many other countries, are all holding elections in 2024, which will impact the geopolitical state of the world and the global banking industry. In the session ‘The Globe At The Polls: What 40+ Elections Around The World In 2024 Means For Our Sec...

17 April 2024 /markets

Top technologies that will disrupt UK fintech

Karan Jain CEO at NayaOne

Top technologies that will disrupt UK fintech

The UK has made itself a centre for innovative technologies which evolve, disrupt and drive the global fintech ecosystem. This is an extract from the recently published report, 'The Future of UK Fintech - 2015-2035'. The UK fintech environment provides a perfect recipe to help foster innovations which are transformative, as well as impactful. T...

16 April 2024 /cloud

Madhvi Mavadiya Head of Content at Finextra

What will UK fintech look like in 2035?

Huge growth across the UK fintech industry over the last decade has been driven by a combination of factors, namely support from the UK government and regulators such as the Financial Conduct Authority (FCA). Because of this, the development between 2025 and 2035 will unsurprisingly be substantial. This is an extract from the recently published re...

16 April 2024 /startups

5 common types of data breaches in the financial sector

Dominique Dierks Content Manager at Finextra

5 common types of data breaches in the financial sector

Global cybercrime is thriving. The 2023 UK Cyber Security Breaches Survey found that over the last 12 months, 32% of businesses have experienced a data breach, with that number climbing to a stunning 69% for large businesses. The financial sector is a popular target for cybercriminals, and ranks second in the global cyber incident damage statisti...

12 April 2024 /security

Survival tactics for hybrid working: A guide

Aoibhinn Mc Bride Content Editor at Jobbio

Survival tactics for hybrid working: A guide

Do you feel as though you are constantly wading through a never-ending sea of video call requests? Or maybe you feel disconnected from your colleagues—figuratively and literally—and are struggling to collaborate on projects, and would much rather you were left alone to focus in peace and complete tasks solo. While hybrid work has afforded many pos...

12 April 2024 /people

Apple’s digital wallet monopoly: The juicy drama

Sehrish Alikhan Reporter at Finextra

Apple’s digital wallet monopoly: The juicy drama

Digital banking is at the core in the war against Apple’s monopolisation of smartphones that has been occurring on a global scale. In the last few years, tech giant Apple has been hit by multiple lawsuits for monopolising the smartphone market by blocking third-party apps from offering contactless payments on their devices. Russia and US pushback ...

10 April 2024 /regulation

Generative AI: How to manage banking risks

Simon Treacy Senior Associate at Linklaters

Generative AI: How to manage banking risks

Like all businesses, banks are exploring how to use GenAI (generative artificial intelligence) effectively and safely. However, banks are different from most businesses. Even where AI-specific rules have yet to enter the scene, banks must make sure that their use of the technology complies with existing rules for financial services. Taking a risk-...

09 April 2024 /regulation

AML Basics: How to prevent money laundering

Dominique Dierks Content Manager at Finextra

AML Basics: How to prevent money laundering

In today’s globalised economy, money laundering is increasingly concerning for financial institutions worldwide. 2022 alone, the worst-recorded year for AML events, recorded over 16,000 AML events. In the UK, the government estimates that money laundering costs every single household £255 a year. The problem is exacerbated by the fact that crimin...

05 April 2024 /crime

Vladimir Krasik Global Head of Internal Treasury at Revolut

Are fintechs destined to become banks?

Fintechs have been challenging traditional banks for a few decades now. Since the inception of the sector, fintech service providers were aiming to solve the inefficiencies present in legacy models: provide better coverage, accelerate transactions, reduce transaction costs. The umbrella term covers a diverse lot of companies from peer-to-peer paym...

04 April 2024 /payments

Climate anxiety on the rise as environmental crisis looms on the horizon

Sehrish Alikhan Reporter at Finextra

Climate anxiety on the rise as environmental crisis looms on the horizon

Global warming, environmental catastrophes, and natural disasters are becoming more commonplace globally. With the climate crisis looming above our heads, there has been a serious negative impact on the general public’s mental health. Along with fear, hopelessness is encroaching on minds globally, with climate anxiety affecting people on a daily ba...

03 April 2024 /people

Long reads