Contextual Solutions Blog
This page is dedicated to our original and curated content about FinTech, digital banking, LegalTech, and innovation.
Embracing Generative AI in the Payments Industry
A new report by Visa Consulting and Analytics (VCA) explores the impact of generative AI on the payments industry, outlining payment- specific opportunities to help financial institutions acquire more customers, drive customer engagement, and improve the customer experience for optimal growth. Read our summary to learn more.
Corporate Leadership: How to Grow into a Leadership Role?
In the third episode of "Bitesized Expertise" by Contextual Solutions, Anne Leslie, a seasoned leader from IBM, delves deep into the essence of leadership. Anne's insights on leadership emphasize that true leaders are recognized not just by their titles or authority but by their ability to inspire and motivate others willingly. Read the article to learn more about corporate leadership and purposeful careers.
Responsible AI in Financial Markets: CFTC Report Summary
A new report dated May 2nd, prepared by the Commodity Futures Trading Commission (CFTC) explores the question of responsible artificial intelligence in the context of finance in more depth. It examines definitions and frameworks for responsible AI use, current regulatory environments, and the potential applications and implications of AI within CFTC-regulated entities. How can regulators ensure responsible AI in the financial sector? Read our summary to find out about the five-step responsible AI plan.
EU Warns Finfluencers to be Careful with Their Investment Advice
Acting as an unregulated financial advisor can have legal consequences for social media influencers, namely finfluencers, and the firms who use them. In our recent article we dived deeper into finfluencers, their impact on fintech marketing and trust building and the potential impact of the upcoming regulation. Read now to learn more!
A Glimpse into the Future of Banking with Quantum Computing
As artificial intelligence (AI) continues to reform industries and processes as the number one tech infrastructure, quantum computing follows as the close second, thanks to its predictive powers.
Does Fintech Have a Revenue Fraud Problem?
In the fast-paced world of Financial Technology (fintech), a shadow has cast itself over the usual narrative of innovation and growth: the rising concern with revenue fraud. From embellished financials to obscured liabilities, several incidents within the sector have initiated conversations about the integrity of Fintech startups’ revenue reporting.
Stablecoins: A Cornerstone of the Modern Payment Infrastructure
From Theory to Practice: PayPal’s Stablecoin
Are stablecoins fulfilling a need in today's society, or is it just another tool for "window innovation?" We'll soon find out; Paypal, the beloved payment service provider, has again proven its pioneer strategy through its announcement on July 7th. Accordingly, PayPal will roll out a stablecoin, PayPal USD (PYUSD), which will be backed by US dollar deposits.
Coordinating Regulatory Frameworks for Crypto-Assets
“Pathways to the Regulation of Crypto-Assets: A Global Approach” by the World Economic Forum was released in May 2023. Read our take from the Report below.
Fintech boom continues but needs better regulation - World Bank report
It’s an exciting time to be in Fintech & banking. The latest World Bank report authored by Erik Feyen, Harish Natarajan, and Matthew Saal acknowledges that excitement but tempers it with caution: better policy-making and regulation will be needed in order for everyone to benefit.
Should FinTechs Go Mobile-First?
When was the last time you checked your phone screen time? How many hours a day do you spend studying the people and incidents you essentially do not care about using social media?
Back to Basics: What is FinTech?
What is FinTech?
FinTech is a word we somehow recently became familiar with, but due to the lack of standard definition, even the experts have a hard time pinpointing what FinTech entails.
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