Global Scans · Financial Services · Weekly Summary

• [New] By 2027, Open Banking-enabled transactions are projected to reach hundreds of billions of dollars annually, fundamentally reshaping how financial services are delivered. FinExtra
• [New] Within the next decade, quantum computing - particularly when combined with AI - could become a key competitive differentiator for financial institutions, providing faster insights, improved decision-making, and enhanced client services. FinExtra
• [New] On the horizon, we expect continued investment in sectors that support the diversification agenda and will underpin the future economies of the GCC member states - notably artificial intelligence, renewable energy and financial services. JD Supra
• [New] AI could add tens of billions of pounds to the financial and professional services sector by 2030, as well as transforming services for consumers. / UK FinExtra
• [New] South Korea's Financial Services Commission will introduce a minimum core capital ratio for insurers from 2027 under the Korean Insurance Capital Standard, a move that will affect solvency metrics and capital planning for domestic carriers and regional groups with Korean operations. Insurance Business
• [New] Asia Pacific is expected to grow at the fastest CAGR of about 21.06% from 2026-2033, driven by rapid digital transformation in banking and financial services, increasing adoption of cloud-based risk solutions, and rising awareness of regulatory compliance. GlobeNewswire
• [New] As many as 60% of non-US financial services firms will adopt sovereign clouds by 2028. Software Development Company - N-iX
• [New] By reframing regulation into opportunity, India is signalling its intent to become a central node in the global financial services value chain. indiajuris
• [New] South Korea's Financial Services Commission has approved changes to insurance business supervisory regulations that will gradually extend the payout period for insurance sales commissions to as long as seven years and link a larger share of remuneration to policy maintenance. Insurance Business
• [New] Australian financial services licence (AFSL) holders are under continued scrutiny regarding cyber security and operational risk, including obligations linked to operational resilience. Insurance Business
• [New] Looking ahead to 2026, we can expect steps forward in several key areas, notably in the global stitching of instant payments and the maturation of digital currencies and AI, converging to redefine what is possible in financial services. FinExtra
• [New] In financial services, the EU Digital Operational Resilience Act will trigger its first oversight cycle for critical ICT providers in 2026, adding scrutiny on cloud and tech dependencies amid rising concerns over concentration and sovereignty. Connect On Tech
• [New] Concerns have been raised that submitting to EU rules on financial services could see Brussels steer its regulatory framework in a direction that could be harmful to London, risking sacrificing its crown as Europe's biggest financial center. City AM
• [New] The technology underlying digital assets will evolve into a foundational infrastructure layer for the financial services industry in 2026. Decrypt
• [New] 2026 will be make-or-break for many financial services providers. FinTech Strategy
• [New] Global fraud losses in financial services are expected to surpass $58 billion by 2030, a 150% increase driven by AI-generated identities, real-time payments, and the blurred line between what's real and what's not. worldline
• In 2026, digital identity wallets and verified digital credentials will help people prove who they are more quickly and securely - whether accessing financial services, confirming age or conducting higher-value transactions - while also helping platforms verify who they are dealing with. Financial IT
• Fraud and financial crime will continue to evolve as digital services expand and businesses that invest in intelligence-led, multi-layered strategies will be better placed to protect customers, reduce exposure and maintain trust as they move through 2026. FinExtra
• By reclassifying cryptocurrencies as financial products under the Financial Instruments and Exchange Act, Japan's Financial Services Agency (FSA) is aligning crypto with traditional assets like stocks and bonds, while introducing safeguards that mitigate risks and foster institutional confidence. Ainvest
• Predictions for EU's Digital Operational Resilience Act As we look ahead to 2026, the European Union's Digital Operational Resilience Act will fundamentally reshape how financial services firms think about operational risk. Gresham
• UKPI is backed by 31 payment and financial services firms, with first live commercial VRP payments expected in Q1 2026. Finexer Open Banking Blogs
• Saudi Arabia's FinTech sector is undergoing rapid transformation, fueled by Vision 2030's ambitious digital economy goals, strong regulatory support, and a booming demand for digital financial services. SDK.finance - White-Label Digital Banking Software

Last updated: 26 January 2026