FinTech News
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FCA’s Next Steps in Crypto Regulation: What It Means for the UKThe Financial Conduct Authority (FCA) has taken a clear step forward in shaping the rules for cryptocurrencies in the United Kingdom. As digital assets continue to grow in importance, this initiative reflects the government’s aim to manage risks while supporting innovation.
Friday, January 24th 2025 01:00AM -
Fintech Trends & Predictions RoundtableThe Pro Manchester Fintech Committee roundtable recently convened industry experts to discuss the defining fintech trends of 2024 and their predictions for 2025.
Thursday, January 23rd 2025 01:00AM -
The Rise of Fintech: Transforming Financial Services and the Role of Finance ProfessionalsFinancial technology is swiftly moving forward and significantly disrupting the traditional financial services panorama. From the very beginning, FinTech has inflated to include other technologies including Blockchain, Artificial Intelligence, Machine Learning and Decentralized Finance (also known as, DeFi). The pertaining transition is changing the ways of services being delivered and modifying the responsibilities and the skills required in a finance professional. This paper evaluates the overall progression in FinTech, its inference in the financial services industry, and the required adaptability of finance professionals to stay afloat/ updated in the ever so changing technology sponsored automation, data analytics and emerging trends in technology.
Friday, December 6th 2024 01:00AM -
Revolutionizing Transactions: The Rise of Real-Time Payment ProcessingThe payment processing industry is on the brink of major disruption, one caused by technological growth and changing consumer expectations. Cloud computing, blockchain, and real-time payment (RTP) solutions are revolutionizing how transactions are conducted and settled from start to finish.
Saturday, October 26th 2024 02:00AM -
Leveraging Blockchain Technology for Enhanced Cash Flow Forecasting in Digital PaymentsBlockchain technology has gained immense popularity in recent years, reshaping how financial transactions are regulated, verified, and recorded. Since the evolvement of payments digitization continues, blockchain’s decentralized and transparent nature offers substantial potential for improving financial processes, including cash flow forecasting.
Saturday, October 26th 2024 02:00AM -
Designing a Modern Gig Payments Solution: Key Challenges and SolutionsDesigning a modern gig payments solution requires a thorough understanding of the unique needs of gig workers and the technical complexities involved.
Saturday, October 26th 2024 02:00AM -
How Innovation and Technology Are the Keys to Improving Financial InclusionAccording to WEF estimates, there are 1.4 billion unbanked people worldwide.
Saturday, October 26th 2024 02:00AM -
Navigating India’s financial inclusion journey through FintechsFinancial innovations have greatly improved financial inclusion by providing access to formal financial services to unbanked segments of population and businesses. Financial innovation has blurred the regulatory boundaries of the financial system, with nonbanks offering financial services and moving into financial intermediation. Telecom revolution, particularly mobile phones have allowed developing countries to leapfrog traditional banking models and make significant gains in financial inclusion.
Wednesday, July 31st 2024 02:00AM -
Embracing Autonomous Finance in the Fintech IndustryA significant issue consumers face when applying for financial products is the uncertainty about being approved and its potential impact on their credit profile. Today’s fintech products have moved into autonomous finance using machine learning (ML) models.
Thursday, March 7th 2024 01:00AM -
AI the Silent Sentinel in Fintech FraudsIf we investigate the major disruptions in today’s world of finance, we find that Fintech is an innovation that has completely changed the modus operandi of banking.
Wednesday, October 18th 2023 02:00AM -
Fortifying financial services firms against the rising tide of cyber-attacksIn heavily regulated industries such as the financial services sector, there are specific barriers preventing many firms from establishing and maintaining strong cybersecurity protocols. In broad terms, there can often be a hesitancy for financial services firms to adopt technologies that can help strengthen cyber resilience, such as cloud computing, often due to complex regulatory environments.
Tuesday, September 19th 2023 02:00AM -
Embedded Finance: Redefining Banking's Landscape and Its FutureThe rapid evolution of embedded digital finance has ignited discussions about the future of physical banking institutions. Embedded finance's convenience allows customers to access services effortlessly, attracting a broader base, including those previously hindered by traditional banking barriers.
Monday, September 18th 2023 02:00AM -
Driving Efficiency in Capital Markets by Leveraging Generative AI to Overcome Securities Settlement FailuresLet's begin by examining the concept of failure in the securities settlement process. According to the textbook definition, it refers to the instances where the transfer of securities or other financial instruments between accounts is unsuccessful within the designated settlement period, resulting from various factors.
Wednesday, August 2nd 2023 02:00AM -
Three Ways Democratizing Data Can Improve Bill Payment for Businesses and Their CustomersYou may have caught the news in November that the world has a new prefix to measure data.
Friday, July 14th 2023 02:00AM -
RealTime Payment: ExplainedReal-time payment methods have been widely adopted around the world, which has led to a situation where many customers, businesses, and financial institutions anticipate being able to pay friends and clients, settle accounts, and transfer money at the drop of a hat. Although the idea of "paying immediately" is not new—cash is, after all, an instantaneous payment transaction instrument—the development of "real-time payment" choices has helped customers adopt a new standard.
Tuesday, May 2nd 2023 02:00AM -
Banking Reinvented: How Advanced Generative AI Models Are Shaping the IndustryAdvanced generation AI models are shaping the future of the banking industry, offering transformative potential and creating new challenges. In this comprehensive article, we explore the evolution of generative AI models, their impact on the banking sector, and how to address the ethical and compliance concerns they raise.
Thursday, March 30th 2023 02:00AM -
Fraudsters Target Digital Goods and Services Offered by FinTech CompaniesFraudsters are increasingly targeting FinTech companies that offer digital goods and services such as virtual currencies, digital wallets, and online loans, according to a new report by Sift. The report highlights the importance of implementing advanced fraud prevention measures, including a layered approach to fraud prevention and education for consumers, in order to protect both FinTech companies and their customers from the growing threat of fraud in the industry.
Thursday, March 16th 2023 01:00AM -
ComplyAdvantage hires new Chief Data OfficerComplyAdvantage has appointed Jim Anning as its Chief Data Officer, demonstrating the company's emphasis on data innovation and insights. Anning's appointment reflects ComplyAdvantage's commitment to anti-money laundering and countering financial terrorism services. Anning's extensive experience is expected to further advance the financial crime risk detection technology that underpins the company's service. ComplyAdvantage is the financial industry's leading source of AI-driven financial crime risk data and fraud detection technology.
Monday, March 13th 2023 01:00AM