Next Gen Banking

7 articles tagged with this keyword

/wholesale

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

Narendra Mistry, CPTO of Universal Banking at Finastra, emphasises that banks must adapt quickly to evolving technology and customer expectations. Success lies in implementing efficient core banking systems, that enable innovation at scale and at pace, while navigating AI and data with a focus on mindset and business services. Lean systems, like those of neo and digital-only banks, are good, but long-term growth requires a clear vision, a strong culture and breadth of capabilities. For established banks with pre-existing infrastructures, symbiosis – where next gen solutions are deployed alongside existing solutions – can offer a fast way to deliver outstanding experiences, stay ahead of competitors and, when appropriate, ease transitions.

/retail

What African Banks are Prioritising Today

Join FinextraTV at the Temenos Community Forum 2024 as Lee Allcorn, Managing Director, MEA, Temenos and Deribie Asfaw, President, Cooperative Bank of Oromia talk about the priorities for banks across the African continent and the speed at which business and innovation operates here. Today, clients are prioritising trust, security and ensuring that their investments are as risk-free as possible. In addition to this, providing services to those that are unbanked and underbanked in a low cost manner continues to be an issue to be resolved. The conversation also turns to scalability, as financial institutions in Africa look to reach new channels and new markets.

/cloud

Considering Cloud? Here are the options for banks

Join FinextraTV at the Temenos Community Forum 2024 as Tony Coleman, Chief Technology & Innovation Officer, Temenos and Keith Lynch, Head of Enterprise Business, EMEA, Red Hat dive deep into why choice remains a fundamental tenet for the banking industry and how cloud migration is no exception. A bank in 2024 has many options, whether it is moving to public cloud, where technology stacks are supported by hefty players such as AWS or Azure, for example, or working with SaaS providers. The conversation also shifts to expanding on the benefits of private cloud where cloud-like deployments are established. The advantages of hybrid cloud are also prevalent, where one technology stack can run across multiple footprints, allowing organisations to build an app once, but deploy it everywhere with open source technology.

/payments

SEPA Instant Mandate: Racing to European Banking transformation

Ainsley Ward, Vice President at CGI, and Global Business Development lead for CGI’s Payments Solutions, sheds light on European Parliament's SEPA Instant Mandate and the 9th of January 2025 deadline for Eurozone banks. With the Federal Reserve's FedNow initiative connecting 400 banks in a year underscoring varying market readiness, challenges still persist. We discuss alternatives found in new technologies and scepticism over universal compliance in anticipation of EBAday, where stakeholders can converge to navigate regulatory complexities and seek solutions in this digital era.

/payments

Exploring Cross-Border Payments in Emerging Markets: Evolution, Challenges & Solutions

Join FinextraTV in conversation with Emily Corfield, EMEA Head of Financial Institution Sales at StoneX, as we explore the current landscape of cross-border payments in emerging markets such as LATAM, Africa, and Asia at NextGen Nordics 2024. Gain insights into progress made in solving real-time cross-border payment issues, navigating complexities in processing receivables and payments, and discover how emerging markets offer both challenges and opportunities for innovation and growth in the payments sector, as well as how these markets will spearhead payments transformation moving forward.

/security

Confirmation of Payee & Account Verification: Addressing the rising complexity of fraud

At NextGen Nordics 2024, FinextraTV and Kannan Rassapan, CEO of Banfico, dive into the evolving landscape of account verification services and Confirmation of Payee (CoP) implementation in the Nordics. Learn how these initiatives combat rising fraud and explore how current efforts in Europe and around the world can help to tackle fraudulent activities. Uncover the challenges associated with implementing a pan-European solution to meet regulatory requirements and ensure secure transactions across borders.

/payments

Cross Border Payments: Back on Banks' agenda

Dr. Hubertus von Poser, Head of Sales and Consulting Payments at PPI, joins FinextraTV at NextGen Nordics 2024 for a deep dive into cross-border payments and their resurgence on banks' agendas. Discover the key drivers shaping the financial services landscape, the challenges banks encounter, and strategies to overcome them. Gain insights into the future trajectory of cross-border payments and explore the evolving role they play in the global financial ecosystem.