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Community

Fiaz Sindhu

Fiaz Sindhu Head of Community Banking at FIS

Fraud Losses Continue to Rise

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Kyrylo Reitor

Kyrylo Reitor Chief Marketing Officer at International Fintech Business

What is an EMI in fintech?

Kyrylo Reitor

Kyrylo Reitor Chief Marketing Officer at International Fintech Business

Inside the Banking System: How Correspondent Accounts Work

Raktim Singh

Raktim Singh Senior Industry Principal at Infosys

Intelligent Composable Business in the finance industry

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[Webinar] The Automation Imperative in Asset ServicingFinextra Promoted[Webinar] The Automation Imperative in Asset Servicing

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Expert opinions

Fiaz Sindhu

Fiaz Sindhu Head of Community Banking at FIS

Fraud Losses Continue to Rise

“Our ability to manufacture fraud now exceeds our abilities to detect it.” This observation was not made by a banker, but the actor Al Pacino. And it leads one to wonder, how pervasive is fraud and the unremitting threat of fraud in American life? Certainly bank leadership recognizes the relentless growth of this criminal activity, even as they con...

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Kyrylo Reitor

Kyrylo Reitor Chief Marketing Officer at International Fintech Business

What is an EMI in fintech?

In the landscape of fintech, electronic money institutions (EMIs) are authorized to issue electronic money (e-money), which is a digital alternative to cash, stored on electronic devices or remotely at a server. As fintech continues to disrupt traditional banking, EMIs are at the forefront, facilitating seamless, innovative financial services. An ...

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Kyrylo Reitor

Kyrylo Reitor Chief Marketing Officer at International Fintech Business

Inside the Banking System: How Correspondent Accounts Work

A correspondent bank account is a vital system of relationships between financial institutions that facilitates international payments. Here’s a breakdown of the types and benefits of these accounts: Types of Correspondent Accounts 1. Nostro Account: An account a bank holds with a foreign bank. For instance, a Ukrainian bank may have a Nostro accou...

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Raktim Singh

Raktim Singh Senior Industry Principal at Infosys

Intelligent Composable Business in the finance industry

Intelligent Composable Business (ICB) is a powerful tool that empowers financial professionals by breaking down business functions into units that can be easily rearranged or replaced. This modular approach not only allows them to promptly respond to emerging market trends and customer requirements without system overhauls but also gives them a sen...

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Rob Straathof

Rob Straathof CEO at Liberis

Are legacy financial institutions at a loss against fintechs?

The world’s financial companies, including banks and the larger credit and debit card players, have been in a position of market power for a long time. However, the disruption and digitalisation that’s being supercharged by enhanced customer expectations is changing this dynamic, and fintech is now flourishing. It’s clear from the rise of digital...

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Trending

Fiaz Sindhu

Fiaz Sindhu Head of Community Banking at FIS

Fraud Losses Continue to Rise

Kyrylo Reitor

Kyrylo Reitor Chief Marketing Officer at International Fintech Business

What is an EMI in fintech?

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Research

White Paper

UK Open Banking API Performance 2022-2023

The UK continues to be at the forefront of the global Open Banking revolution thanks to the proactive attitude of regulators.  As the most advanced Open Banking market in the world, the UK provides an example of best practices in the implementation of API-based Open Banking that other jurisdictions can use as a model.  In this report, we study the performance of the Open Banking APIs exposed by the large CMA9 UK banks, traditional High Street banks, credit card providers and building societies, and new entrant banks (neobanks). Some of our key findings include:  There continue to be significant API performance differences between banks; There is a significant difference in total latency between the fastest and slowest banks; Cloud choice makes a huge difference in performance; And more. Download our analysis of Open Banking API services today to learn more. 

645 downloads

Impact Study

What should European Banks prioritise in their payments modernisation journeys?

Payments modernisation is no longer a luxury for financial institutions. Dramatic shifts in consumer appetite, complete overhauls of financial regulation and a need to prioritise resilience mean that banks have little choice but to rethink their systems to operate in this brave new world.  European banks have a particularly challenging task ahead of them. ISO 20022, open banking and API enablement initiatives, and the introduction of real-time, cross-border payments makes modernisation of legacy systems ever more complex.  This Finextra report, produced in association with Volante Technologies, explores the current European banking landscape and answers:  What European deadlines are impacting banks’ payments modernisation plans? How are European countries progressing toward payments modernisation? Will Payments-as-a-Service help firms push payments modernisation ahead? And much more. Download the report today to discover more. 

524 downloads

Future of Report

The Future of the Global Financial Ecosystem 2024

A Sibos Special Edition. Our world has experienced several unexpected and unprecedented events over the last few years, which show no signs of slowing down. This year’s Sibos aims to connect those in the financial services community who have experienced fragmentation, in the hope that tackling this will help with some of the biggest issues facing banking. The role that financial institutions play in the global environment will continue to be placed under the microscope as situations continue to develop. In light of this, there has never been a better time for those in finance to come together and have frank and open conversations about their future. This applies to not only environmental and social goals for banks, but also the adoption of and adaptation to new technologies. No longer can these issues be placed on the side and given lip service, they need to become an integrated part of each financial institution’s core policies and practices. However, ever increasing this challenge are the continuously changing global circumstances. Due to these circumstances, communication and collaboration are essential drivers for 2024. This Finextra report, produced in association with Swift, includes commentary from BBVA, BNP Paribas, BNY Mellon, Deutsche Bank, ING, JP Morgan, Lloyds, McKinsey, NatWest, SEB, Standard Chartered, UniCredit, and Wells Fargo.

1049 downloads

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FinextraTV

Technology, the Catalyst for Banks to Evolve into Competitors

FinextraTV and Gabriela Giannattasio, VP of EMEA, Veritran, tap into how banks should be prioritising streamlining user experiences, enhancing seamless payment systems, making them secure, and ensuring compliance with upcoming regulations all at the same time. In this new age of financial polyamory, individuals and businesses are no longer married to just one bank, and banks should view collaboration as the silver bullet solution to these challenges and actively leverage available opportunities to connect with technology partners.

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Long reads

Rajashekara Maiya

Rajashekara Maiya VP at Infosys

Corporate lending: Creating, delivering, and realising value

This piece has been co-authored by Ram Devanarayanan, associate vice president, senior industry principal at Infosys Finacle. Between 2015 and 2019, while the gap in bank lending to small and medium enterprises in the Eurozone shrank from 6% of GDP to 3%, a quarter of European SMEs still faced great difficulty in accessing finance. In 2022, amid ...

Paige McNamee

Paige McNamee

Why did SVB collapse?

In a spectacle brimming with action more compelling than anything seen at the Oscars, Silicon Valley Bank’s dramatic and total collapse over the weekend continues to unleash plot-twists on the beleaguered tech sector. The rapid downfall of the bank, a California darling, has dealt a terrifying blow to the industry, and the true fallout for the spac...

Scott Hamilton

Scott Hamilton Contributing Editor at Finextra Research

Which banks are at risk after the SVB collapse?

When Silicon Valley Bank (SVB) failed last week, a 40-year legacy born in the innovation and optimism of its namesake Northern California birthplace died with it. Now that the nearly $200 Billion deposit institution – which according to many analysts may have banked more than 50% of all tech companies at some point in their existence – is gone, wh...