Fintech

10 Upcoming Fintech Webinars to Attend

Published

8 months ago

21 May, 2024

by Fintech News Singapore
May 21, 2024

The COVID-19 pandemic led to restrictions on physical gatherings, prompting businesses to swiftly move their marketing activities to online platforms and bringing webinars into the spotlight. These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences.

Webcasting and virtual event platforms like ON24 witnessed a remarkable surge, reporting a 167% increase in webinar hosting activities. Similarly, research by GoodFirms found a notable uptick, with 46.5% of businesses reporting an increase in webinar hosting, and 28.3% noting a significant rise.

Post-COVID-19, webinars continue to thrive, owing to their versatility, accessibility, affordability and effectiveness in engaging and educating audiences in an increasingly digital world.

Today, we look at some interesting webinars taking place in the coming months around the world, shedding light on their key themes, topics and featured experts.

Debunking the Myths: Why BNPL is Here to Stay

May 21, 2024, 14:00 GMT+8

Debunking the Myths: Why BNPL is Here to Stay

On May 21, 2024, at 14:00 (GMT+8), an event titled “Debunking the Myths: Why BNPL is Here to Stay” will address prevalent misconceptions about buy now pay later (BNPL) services, offering insights and expert perspectives on why this payment method is not only surviving but thriving.

Attendees can expect to gain a clearer understanding of the realities of the BNPL industry, insights into the strategies BNPL providers employ to build trust, drive responsible growth, and navigate regulatory changes. Additionally, the event will provide a forward-looking perspective on the future of BNPL and its potential to reshape consumer finance and the wider payments industry.

The event will feature panelists Nitin Kashid, Global Head of Payment and Partnerships at Zip; Colin Creagh, Head of Klarna, Ireland; and Dipti Khalate, Head of Growth at Zalora. Moderating the session will be Tristan Chiappini, VP APAC and Managing Director at PPRO.

This event is targeted towards payment service providers, large merchants with cross-border businesses, digital wallets, payment methods, super-apps, and BNPL solution providers.

Cyber Crimes, Cybersecurity, and Fintech Panel Event

May 23, 2024, 12:00 CEST

Cyber Crimes, Cybersecurity, and Fintech Panel Event

On May 23, 2024, at 12:00 CEST, a panel event titled “Cyber Crimes, Cybersecurity, and Fintech” will be hosted by Peirce College. The event will explore cybersecurity careers within the banking, finance, and fintech sectors, particularly in response to the increasing frequency of cyber attacks.

The panel discussion will feature experts in IT security, accounting, finance, and cybersecurity, who will delve into real-life scenarios, cybersecurity trends, and offer career guidance for individuals interested in this burgeoning field.

Panelists for the event include Jeffrey Groff, Chief Information Security Officer from Univest; Corey Moscoe, Chief Information Security Officer from SEI; Caitlin Fernandez, Senior Manager of Cyber Threat and Fraud Intelligence from TD Bank; Jana Landon, Chief Privacy Officer, Compliance Attorney, and Privacy Incident Response Lead from Lincoln Financial Group; and Eric Robinson, Principal Engineer in Cloud Security from Comcast.

Monetizing transactional data in banking with impactful engagement

May 28, 2024, 15:00 SGT

On May 28, 2024, at 15:00 SGT, a webinar titled “Monetizing Transactional Data in Banking with Impactful Engagement” will be hosted by Personetics and featuring banking leaders. The webinar will address the underutilization of transactional data by banks and its potential to drive customer engagement, increase customer lifetime value, and enhance business impact.

Attendees will have the opportunity to gain practical and actionable insights into leveraging customers’ financial data to boost engagement and drive business impact. Participants will also hear about actionable strategies for enhancing productivity and cross-selling using data-driven financial insights, along with practical examples and case studies on monetizing transaction data.

The panel of experts will include Colin Dinn, Chief Transformation Officer at Vietcombank; Nauman Bashir, Head of Digital and Customer Value Management at Standard Chartered Bank; Mukesh Pilania, EVP-Head of Digital Banking Leader of Retail Payment MFT at Techcombank; and Dorel Blitz, VP of Strategy and Business Development at Personetics. The session will be moderated by Urs Bolt, a Fintech and Banking Expert.

Navigating Compliance: Future of Financial Crime Compliance under FATF Lens

May 28 2024, 14:00 SGT

Join LexisNexis Risk Solutions for an exclusive webinar to explore the evolving landscape of Financial Crime Compliance (FCC) through the lens of the Financial Action Task Force (FATF), tailored specifically for organizations operating in Singapore. As regulatory expectations continue to evolve, it’s crucial for organizations to stay ahead of the curve and adapt their compliance strategies to mitigate financial crime risks effectively.

AI in Finance: Risk Management Challenges and Opportunities

May 28 2024, 18:00 CEST

AI in Finance: Risk Management Challenges and Opportunities

The financial landscape is undergoing rapid transformation, with AI playing a central role. Experts anticipate that by 2028, the majority of banking, investment, and insurance processes will be assisted or driven by AI technologies.

AI enables more precise risk assessments, facilitates personalized banking experiences, and optimizes investment and lending portfolios through real-time data analytics. Moreover, AI fosters the creation of new financial products and services previously inconceivable.

Despite the benefits, recent regulatory changes and advancements in AI have prompted the need for risk management practices in financial services to adapt and evolve.

On May 28, 2024, at 18:00 CEST, a webinar titled “AI in Finance: Risk Management Challenges and Opportunities” will be presented by Ramesh Dontha from TheAIEntrepreneurs.Com, as well as Michelle Allade, and David Van Bruwaene from Fairly AI. The webinar aims to delve into the significant influence of AI on the financial sector, particularly in risk management.

The webinar will explore various topics including top AI trends in finance, real-life examples illustrating AI’s transformative impact on financial institutions, ethical and regulatory challenges associated with AI integration in finance, and more.

Embedded Finance: Valuable Partnerships and Opportunities for Payments

May 30, 2024 15:00 BST

Embedded Finance: Valuable Partnerships and Opportunities for Payments

Embedded finance has evolved as an opportunity for financial institutions and fintechs to collaborate in delivering innovative client solutions.

On May 30, 2024, at 15:00 BST, a webinar titled “Embedded Finance: Valuable Partnerships and Opportunities for Payments” will be hosted by Finextra in association with Visa to explore profitable partnerships between banks and fintech companies in payment and lending services, as well as emerging non-financial applications.

The webinar will delve into successful examples of embedded finance alliances powering traditional banking solutions and explore new applications within and outside the industry that customers are eager to adopt.

Key topics of discussion will include identifying opportunities to expand client relationships beyond current sectors and sizes, challenges and risks associated with bank/fintech partnerships domestically and across borders, factors influencing banks’ partnering efforts, and steps recommended to capitalize on emerging opportunities in the embedded finance universe.

The webinar will feature industry experts including Gary Wright, Head of Research at Finextra (Moderator); Alessandro Figueroa, Head of Strategy and B2B Partnerships at Visa Commercial Solutions; Ranjit Balijepalli, Head of Product, UKI at Stripe; Stephen Carter, Director of Product Marketing at iValua; and Sukhy Atwal, Head Non-Bank Financial Institutions at ClearBank.

Ensure Secure and Frictionless User Experiences with Passkeys

June 18, 2024, 16:00 CEST

Ensure Secure and Frictionless User Experiences with Passkeys

With consumer demand for multi-factor authentication (MFA) on the rise, it’s essential for brands to adapt and offer passwordless authentication experiences.

On June 18, 2024, at 16:00 CEST, a webinar titled “Ensure Secure and Frictionless User Experiences with Passkeys” will be presented by Pedro Martinez, Business Owner Digital Banking Authentication at Thales, and Megan Shamas, Director of Marketing at FIDO Alliance. The webinar, hosted on BrightTALK, will focus on leveraging passkeys to deliver secure and seamless user experiences in authentication processes.

Pedro Martinez and Megan Shamas will explore best practices and real-world examples for implementing passkeys and strong customer authentication (SCA). Attendees can expect insights from industry leaders on enhancing security and user experience while maintaining convenience.

The speakers for this event include Pedro Martinez, Business Owner for Digital Banking Authentication at Thales; and Megan Shamas, Director of Marketing at FIDO Alliance. The session will be moderated by Ammar Faheem, Product Marketing Manager CIAM at Thales.

Mind the Gaps: Discover How to Stop Customer Demand From Slipping Through the Cracks in Their Journey

June 19, 2024, 14:00 ET

Mind the Gaps: Discover How to Stop Customer Demand From Slipping Through the Cracks in Their Journey

Generating demand for financial products such as mortgages, loans, new accounts, and financial advice requires substantial resources. However, when this demand slips through gaps in the customer journey, it not only results in lost revenue but also impacts productivity.

On June 19, 2024, at 14:00 ET, a webinar titled “Mind the Gaps: Discover How to Stop Customer Demand From Slipping Through the Cracks in Their Journey” will address the challenge of preventing customer demand from falling through gaps in the customer journey, particularly in the financial sector.

The webinar will emphasize the importance of deploying the right expertise in the appropriate channels at the correct time as the first line of defense against disappearing customer demand. Additionally, it will highlight the necessity of ensuring readiness for subsequent steps in the customer journey.

Attendees can expect to learn tactics for capturing every opportunity across the entire customer journey and converting demand into tangible results, strategies for preparing experts in advance for customer interactions, the significance of ensuring customers are adequately prepared to make informed decisions, and insights into measuring staff performance and aligning staffing with customer demand.

Hosted by Jim Marous, the webinar will feature Aaron Young, SVP Branch Operations/Retail Banking from the Credit Union of Southern California; and Katherine Regnier, CEO of Coconut Software.

Revolutionizing ePayments: Fintechs as Catalysts for Financial Inclusion

June 26, 2024, 11:00 MYT

Embracing the digital transformation holds significant promise for Micro, Small, and Medium Enterprises (MSMEs) in Malaysia.
By adopting digital payments, MSMEs can more effectively integrate into the formal economy, expanding their market reach and accessing financial services with greater ease.

This shift not only facilitates the transition towards a cashless society but also extends financial inclusion to remote and underserved areas, unlocking potential economic benefits and enhancing community well-being.

The Finance Industry Deep Dive: Targeted BI and Gen AI Capabilities

December 12, 2024, 18:00 CET

The Finance Industry Deep Dive: Targeted BI and Gen AI Capabilities

Finance is a cornerstone across industries, with its impact felt in various aspects such as payments, resource management, fraud detection, and sales forecasting. In the digital economy, financial institutions are continuously developing and offering new technology products to enhance transaction processes.

On December 12, 2024, at 18:00 CET, a webinar titled “The Finance Industry Deep Dive: Targeted BI and Gen AI Capabilities” will be hosted on BrightTALK to provide insights into the intersection of business intelligence (BI) and gen AI capabilities within the finance industry.

The webinar, led by Gowri Selka from Volantsys Analytics, will explore how the finance sector, particularly fintech, leverages new advances like gen AI to enhance their offerings. By integrating gen AI with existing predictive analytics capabilities, there are significant opportunities for innovative fintech solutions. BI programs incorporating gen AI technology can lead to operational improvements and strategic solutions, driving competitive advantages such as lower transaction costs, reduced operational risk, improved digitization, and increased automation.

Featured image credit: edited from freepik

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Fintech

US Agencies Request Information on Bank-Fintech Dealings

Published

6 months ago

30 July, 2024

FinCrypt Staff

Federal banking regulators have issued a statement reminding banks of the potential risks associated with third-party arrangements to provide bank deposit products and services.

The agencies support responsible innovation and banks that engage in these arrangements in a safe and fair manner and in compliance with applicable law. While these arrangements may offer benefits, supervisory experience has identified a number of safety and soundness, compliance, and consumer concerns with the management of these arrangements. The statement details potential risks and provides examples of effective risk management practices for these arrangements. Additionally, the statement reminds banks of existing legal requirements, guidance, and related resources and provides insights that the agencies have gained through their oversight. The statement does not establish new supervisory expectations.

Separately, the agencies requested additional information on a broad range of arrangements between banks and fintechs, including for deposit, payment, and lending products and services. The agencies are seeking input on the nature and implications of arrangements between banks and fintechs and effective risk management practices.

The agencies are considering whether to take additional steps to ensure that banks effectively manage the risks associated with these different types of arrangements.

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What changes in financial regulation have impacted the development of financial technology?

Published

6 months ago

30 July, 2024

FinCrypt Staff

Exploring the complex landscape of global financial regulation, we gather insights from leading fintech leaders, including CEOs and finance experts. From the game-changing impact of PSD2 to the significant role of GDPR in data security, explore the four key regulatory changes that have reshaped fintech development, answering the question: “What changes in financial regulation have impacted fintech development?”

PSD2 revolutionizes access to financial technology
GDPR Improves Fintech Data Privacy
Regulatory Sandboxes Drive Fintech Innovation
GDPR Impacts Fintech Data Security

PSD2 revolutionizes access to financial technology

When it comes to regulatory impact on fintech development, nothing comes close to PSD2. This EU regulation has created a new level playing field for market players of all sizes, from fintech startups to established banks. It has had a ripple effect on other markets around the world, inspiring similar regulatory frameworks and driving global innovation in fintech.

The Payment Services Directive (PSD2), the EU law in force since 2018, has revolutionized the fintech industry by requiring banks to provide third-party payment providers (TPPs) with access to payment services and customer account information via open APIs. This has democratized access to financial data, fostering the development of personalized financial instruments and seamless payment solutions. Advanced security measures such as Strong Customer Authentication (SCA) have increased consumer trust, pushing both fintech companies and traditional banks to innovate and collaborate more effectively, resulting in a dynamic and consumer-friendly financial ecosystem.

The impact of PSD2 has extended beyond the EU, inspiring similar regulations around the world. Countries such as the UK, Australia and Canada have launched their own open banking initiatives, spurred by the benefits seen in the EU. PSD2 has highlighted the benefits of open banking, also prompting US financial institutions and fintech companies to explore similar initiatives voluntarily.

This has led to a global wave of fintech innovation, with financial institutions and fintech companies offering more integrated, personalized and secure services. The EU’s leadership in open banking through PSD2 has set a global standard, promoting regulatory harmonization and fostering an interconnected and innovative global financial ecosystem.

Looking ahead, the EU’s PSD3 proposals and Financial Data Access (FIDA) regulations promise to further advance open banking. PSD3 aims to refine and build on PSD2, with a focus on improving transaction security, fraud prevention, and integration between banks and TPPs. FIDA will expand data sharing beyond payment accounts to include areas such as insurance and investments, paving the way for more comprehensive financial products and services.

These developments are set to further enhance connectivity, efficiency and innovation in financial services, cementing open banking as a key component of the global financial infrastructure.

Sebastian Malczyk

General Manager, Technology and Product Consultant Fintech, Insurtech, Miquido

GDPR Improves Fintech Data Privacy

Privacy and data protection have been taken to another level by the General Data Protection Regulation (GDPR), forcing fintech companies to tighten their data management. In compliance with the GDPR, organizations must ensure that personal data is processed fairly, transparently, and securely.

This has led to increased innovation in fintech towards technologies such as encryption and anonymization for data protection. GDPR was described as a top priority in the data protection strategies of 92% of US-based companies surveyed by PwC.

Arid Islam

Financial Expert, Sterlinx Global

Regulatory Sandboxes Drive Fintech Innovation

Since the UK’s Financial Conduct Authority (FCA) pioneered sandbox regulatory frameworks in 2016 to enable fintech startups to explore new products and services, similar frameworks have been introduced in other countries.

This has reduced the “crippling effect on innovation” caused by a “one size fits all” regulatory approach, which would also require machines to be built to complete regulatory compliance before any testing. Successful applications within sandboxes give regulators the confidence to move forward and address gaps in laws, regulations, or supervisory approaches. This has led to widespread adoption of new technologies and business models and helped channel private sector dynamism, while keeping consumers protected and imposing appropriate regulatory requirements.

George Blandford

Co-founder, UK Linkology

GDPR Impacts Fintech Data Security

A big change in financial regulations that has had a real impact on fintech is the 2018 EU General Data Protection Regulation (GDPR). I have seen how GDPR has pushed us to focus more on user privacy and data security.

GDPR means we have to handle personal data much more carefully. At Leverage, we have had to step up our game to meet these new rules. We have improved our data encryption and started doing regular security audits. It was a little tricky at first, but it has made our systems much more secure.

For example, we’ve added features that give users more control over their data, like simple consent tools and clear privacy notices. These changes have helped us comply with GDPR and made our customers feel more confident in how we handle their information.

I believe that GDPR has made fintech companies, including us at Leverage, more transparent and secure. It has helped build trust with our users, showing them that we take data protection seriously.

Dr. Rhett Stubbendeck

CEO & Co-Founder, Leverage Planning

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Fintech

M2P Fintech About to Raise $80M

Published

6 months ago

30 July, 2024

FinCrypt Staff

Application Programming Interface (API) Infrastructure Platform M2P Financial Technology has reached the final round to raise $80 million, at a valuation of $900 million.

Specifically, M2P Fintech, formerly known as Yap, is closing a new funding round involving new and existing investors, according to entrackr.com. The India-based company, which last raised funding two and a half years ago, previously secured $56 million in a round led by Insight Partners, earning a post-money valuation of $650 million.

A source indicated that M2P Fintech is ready to raise $80 million in this new funding round, led by a new investor. Existing backers, including Insight Partners, are also expected to participate. The new funding is expected to go toward enhancing the company’s technology infrastructure and driving growth in domestic and international markets.

What does M2P Fintech do?

M2P Fintech’s API platform enables businesses to provide branded financial services through partnerships with fintech companies while maintaining regulatory compliance. In addition to its operations in India, the company is active in Nepal, UAE, Australia, New Zealand, Philippines, Bahrain, Egypt, and many other countries.

Another source revealed that M2P Fintech’s valuation in this funding round is expected to be between USD 880 million and USD 900 million (post-money). The company has reportedly received a term sheet and the deal is expected to be publicly announced soon. The Tiger Global-backed company has acquired six companies to date, including Goals101, Syntizen, and BSG ITSOFT, to enhance its service offerings.

According to TheKredible, Beenext is the company’s largest shareholder with over 13% ownership, while the co-founders collectively own 34% of the company. Although M2P Fintech has yet to release its FY24 financials, it has reported a significant increase in operating revenue. However, this growth has also been accompanied by a substantial increase in losses.

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Fintech

Scottish financial technology firm Aveni secures £11m to expand AI offering

Published

6 months ago

30 July, 2024

FinCrypt Staff

Aveni, Investment Management, AI, NLP, UK

By Gloria Methri

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Aveni Assistance
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Artificial intelligence Financial Technology Aveni has announced one of the largest Series A investments in a Scottish company this year, amounting to £11 million. The investment is led by Puma Private Equity with participation from Par Equity, Lloyds Banking Group and Nationwide.

Aveni combines AI expertise with extensive financial services experience to create large language models (LLMs) and AI products designed specifically for the financial services industry. It is trusted by some of the UK’s leading financial services firms. It has seen significant business growth over the past two years through its conformity and productivity solutions, Aveni Detect and Aveni Assist.

This investment will enable Aveni to build on the success of its existing products, further consolidate its presence in the sector and introduce advanced technologies through FinLLM, a large-scale language model specifically for financial services.

FinLLM is being developed in partnership with new investors Lloyds Banking Group and Nationwide. It is a large, industry-aligned language model that aims to set the standard for transparent, responsible and ethical adoption of generative AI in UK financial services.

Following the investment, the team developing the FinLLM will be based at the Edinburgh Futures Institute, in a state-of-the-art facility.

Joseph Twigg, CEO of Aveniexplained, “The financial services industry doesn’t need AI models that can quote Shakespeare; it needs AI models that deliver transparency, trust, and most importantly, fairness. The way to achieve this is to develop small, highly tuned language models, trained on financial services data, and reviewed by financial services experts for specific financial services use cases. Generative AI is the most significant technological evolution of our generation, and we are in the early stages of adoption. This represents a significant opportunity for Aveni and our partners. The goal with FinLLM is to set a new standard for the controlled, responsible, and ethical adoption of generative AI, outperforming all other generic models in our select financial services use cases.”