Industry News
DORA: The EU’s New Regulatory Framework on Digital Operational Resilience
Following its publication in the Official Journal of the European Union on 27 December 2022, the Digital Operational Resilience Act (DORA) and the DORA Amending Directive entered into force on 16 January 2023 and will apply from 17 January 2025. DORA sets uniform...
read moreUS Banks: Take a Lesson (or Three) From Europe
Consumers across the globe are evolving in their financial behaviors, just as they are with everything else—they want things quickly and personalized just for them. And Europe has taken note. Specifically, its regulations in response to consumers’ changing behaviors...
read moreEuropean Banks Invest in Fintech Startups, Embrace New Tech Amid Rising Threat from Digital Challengers
In Europe, incumbent banks are responding to rising competition from platform players, neobanks and payment providers by launching their own digital-only subsidiaries, investing in technology and providing banking-as-a-service (BaaS) offerings. These strategies are...
read moreThe Advantages and Risks of Moving Your Money to a Digital Wallet
Digital Wallets: more than meets the eye? As more people choose to go cashless, digital wallets are becoming increasingly popular. Digital wallets have several advantages over traditional cash and credit card payments, including convenience, speed, and security....
read moreWealthtech and the Democratization of Investing
How Wealthtech is about to change everything we know about wealth management. The world of finance has undergone significant transformation in recent years. Wealthtech's rise has been a driving force behind this change, and it has played an important role in...
read more2023 Digital Banking Trends and the Future of Banking
Banking keeps reinventing itself. Find out what's in store. With the introduction of digital technologies, the banking industry has undergone significant transformation over the years. With the rise of digital banking, customers can now access banking services from...
read moreThe Automation and Digitization of Financial Services for Business Continuity
It's time to adapt. Businesses have been forced to adapt to new ways of working and interacting with customers as a result of the COVID-19 pandemic. The need for social distancing and remote work has accelerated the financial services industry's trend toward...
read moreThe Next Generation of Wealthtech: How Fintech Is Transforming Finance
The next step for Wealthtech. Financial technology, or fintech, has taken the finance industry by storm in recent years, and for good reason. The next generation of wealthtech has emerged, and it is changing the way we think about finance. Fintech is making finance...
read moreThe Best ESG Funds Of March 2023
Investing can help you achieve goals that go beyond monetary returns. While your focus as an investor should always be on getting the best possible performance, more and more people also want their money to reward companies that have a positive impact on the...
read moreChallenger Banks and Their Impact on Traditional Banking
It's time to shake up the banking industry. In recent years, challenger banks, also known as neobanks, have emerged as a new breed of financial institutions that only operate online. These banks provide a variety of banking services and have shaken up the traditional...
read moreThe Rise of DeFi: How Ethereum Is Leading the Way
Can ETH become #1? Decentralized finance, or DeFi, is a rapidly expanding sector of the blockchain industry with the potential to transform traditional financial systems. Ethereum, the second-largest cryptocurrency by market capitalization, is leading this charge. In...
read moreMobile Payments in Developing Countries
Advantages, Challenges, and Opportunities Mobile payments are becoming more popular around the world, particularly in developing countries. Mobile payments are transactions in which funds are transferred from one account to another using a mobile device, such as a...
read moreTemenos Sees Highest Ever Software Licensing in North America in 2022
Temenos' SaaS revenue shot up 37% in FY 22.The company expects the sales environment to remain stable in 2023. Temenos, a Switzerland-based banking software company, reported an annual recurring revenue (AAR) growth of 15% during its fiscal year 2022. In addition, the...
read moreFacing the FCA armed with data
Anti-money laundering (AML) enforcement continues to be a focus for regulators around the world. While the bulk of enforcement action relates to financial institutions, fintechs are finding themselves increasingly subject to scrutiny by regulators and in the media....
read moreIn 2023, payments will provide momentum for open banking adoption
Open banking, or “open bank data” as some prefer to describe it, has the potential to reshape the banking and fintech industries by providing consumers and businesses with more convenient and flexible access to financial services. Open banking offers a lot of promise...
read moreAs uncertainty continues, financial institutions must provide revitalized client-first approaches
The only thing certain, especially in today’s business world, is uncertainty. The level of uncertainty the financial sector faces is unlikely to dwindle anytime soon Ambiguity is a given in the environment many financial institutions find themselves in, as neither...
read moreWhy 2023 is time for us to tackle financial crime properly
The UK’s HMRC has declared war on tax evasion. The UK’s financial setup is haunted and hampered by legacy technology Simon York, HMRC’s outgoing head of serious fraud, recently said that tax evasion was “much more complex, more sophisticated, more international and...
read moreBuilding a future-ready bank
It’s that time of the year when market watchers’ 2022 predictions start to become reality or fade away as fast as the festive vibe in the first week of January. Then the analysts turn their attention to find the dominant trends for 2023. Close collaboration with...
read moreA warm welcome to 2023!
The start of 2023 has been interesting for the climate change agenda. The intersection between finance and the environment is crucial Europe has had a record-breakingly warm winter, and California, due to atmospheric rivers, is slowly disappearing under water as it...
read moreWhy leadership talent should be a priority for VC-backed fintech businesses
As many as four in five start-ups will fail in their first three years, according to Noam Wasserman in his book The Founder’s Dilemma. If you’re a fintech founder, developing your own leadership talent needs to be a priority Of those businesses that secure venture...
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