Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
Omnichannel in financial services means delivering a unified and seamless customer experience across all channels, such as mobile apps, websites, customer service hotlines, and in-branch visits. According to the 2021 World Retail Banking Report by Capgemini, nearly 80% of consumers expect an omnichannel banking experience, highlighting the growing ...
22 hours /payments /inclusion Financial Services Regulation
Alexander Boehm Chief Executive Officer at PayRate42
The online gambling industry, particularly the high-risk segment of online casinos, has long been a contentious area fraught with legal, regulatory, and ethical challenges. The boundaries between legality and illegality in this sector are often blurred, making it a difficult landscape for both operators and the payment processors that serve them. ...
24 August 2024 /payments
Paula Hunter Executive Director at Mojaloop Foundation
In the world of financial technology, the terms instant payment systems (IPS) and inclusive instant payment systems (IIPS) are both used to refer to digital financial transfers that allow the recipient to use the money within seconds. Though they share similarities in offering rapid financial transactions, their core objectives and impacts differ ...
23 August 2024 /payments /inclusion Financial Inclusion
Jamel Derdour CMO at Transact365 / Nucleus365
Thailand is undergoing a transformative digital revolution. This shift is reshaping the financial landscape of the country, enhancing convenience for consumers, boosting business efficiency, and driving economic growth. As Thailand continues to embrace the digital era, the proliferation of digital payments marks a significant step towards a cashle...
20 August 2024 /payments /markets Asia Financial Services
Priya Kumari
Introduction In the ever-evolving landscape of cybersecurity, a new challenge looms on the horizon: quantum computing. While this technology promises revolutionary advancements in various fields, it also poses a significant threat to our current encryption methods. Enter quantum-safe cryptography, the next frontier in securing our digital world
20 August 2024 /payments /regulation Banking Strategy, Digital and Transformation
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
The Payment Systems Regulator (PSR) is implementing a groundbreaking reimbursement policy to tackle the growing menace of authorised push payment (APP) scams. This new requirement mandates payment service providers (PSPs) to reimburse victims of APP scams, marking a significant shift in consumer protection and industry responsibility. By embedding...
19 August 2024 /payments /crime Fintech
John Bertrand MD at Tec 8 Limited
The Financial Times last week reported strong industry resistance to the incoming mandatory reimbursement to bank fraud caused by authorised push payment (APP) fraud. This is understandable as banks since 2015 have not refunded 50% of the reported amounts scammed and now are mandated to refunding 100% of the customers money. A serious recurring an...
19 August 2024 /payments /regulation The future of Payments in Europe
Sergio Barbosa CIO of Global Kinetic, and CEO of FutureBank. at Global Kinetic and FutureBank
Technology investment has continued apace and, according to Gartner, IT spending in the banking and investment services market is forecast to increase by 8.7% in 2024 and is expected to reach $1 trillion by 2028. But even with all this money being thrown at IT, many Financial Institutions (FIs) are still unable to deliver the innovation they need...
16 August 2024 /payments /retail Banking Architecture
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
Launched in July 2023, the Federal Reserve's FedNow service has been a game-changer in the U.S. payments landscape. As we mark its first year, it’s crucial to understand its impact on financial transactions, especially within the fintech sector. With over 900 financial institutions onboarded, including major players like Chase and Wells Fargo, FedN...
14 August 2024 /payments /retail Banking Strategy, Digital and Transformation
Nicholas Holt Head of Solutions and Delivery, Europe at Marqeta
As more people use smartphones and other mobile devices to conduct their daily lives, mobile payments are becoming increasingly popular, for example, research suggests that over half of US and UK consumers had used a mobile wallet in the last 90 days. Simultaneously, consumers across geographies expressed a growing comfort with the idea of a cashl...
14 August 2024 /payments
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