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Fintech discussions and conversations around the development of fintech.
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From eye-watering funding rounds to the acceleration of digital payments and the rise of ecommerce - the fintech sector has continued to demonstrate its innovation and agility, even in the most challenging of times. With the new year just around the corner, this is an opportune time to take a moment to reflect on some of this year’s most prominent...
09 December 2021 /predictions
Payments are the foundation of global commerce. With economic activity expected to rebound from the prolonged pandemic, experts predict global payment volumes to grow by 11.5 percent through the year 2023. This increase in volume is set to challenge existing systems that were built to cater for manual processes, thus proving inadequate for the aut...
08 December 2021 /payments
Roel Jansen SaaS Solutions Marketing at Temenos
The financial industry transformed in the past decade significantly in the way they serve their clients, banks seek greater speed and agility through cloud adoption. Many banks were confronted with significant barriers during the first phases of cloud adoption, and now are challenged to push down costs, manage security issues, and require better ...
02 December 2021 /retail /cloud
Arseny Kostenko Senior Vice President at FISPAN
The very first chatbot was not very friendly When I was a kid, I read The Argonautica — a Greek epic poem by Apollonius Rhodius, written in the third century BC. It tells the myth of Jason and his crew (that included Hercules) having an epic journey full of heroic adventures in order to obtain the Golden Fleece, held in Colchis (modern Georgia — t...
30 November 2021 /payments /predictions
Jackie Barwell Director at ACI Worldwide
Financial fraud causes billions in losses every year for banks and financial institutions (FIs). By 2027, the global cost of fraud could reach $40.62 billion. In the UK alone, £753.9 million was stolen through fraud this year, an increase of 30% compared to the same period in 2020. The rapid adoption of digital and real-time payments and new payme...
30 November 2021 /payments /crime
Gustav Korobov Senior Sales Executive - Core Banking platform at Advapay
The COVID-19 pandemic has rapidly accelerated the digitization of banking and innovation in new FinTech services. Customers are continuing to move online and this radical transformation is unlikely to reverse. As a result, we’re seeing more and more FinTech companies and digital banks coming to market. If you are looking to start your own digita...
30 November 2021 /payments /startups
Karol Stepien Head of FinTech and Banking at 10Clouds
Did you know that the foreign exchange market is the largest market in the world? According to the 2019 Triennial Central Bank Survey of FX and OTC derivatives markets, it exceeds a daily volume of $6.6 trillion, which is higher even than the stock exchange. But the truth is that most traditional foreign exchange providers are still focused around...
24 November 2021 /payments /inclusion
Denys Kyrychenko CEO & Co-founder at Corefy
Today's world is rapidly digitalising, and it’s hard to imagine a successful business without an online presence. The move to online is driving the online payments industry growth and development. For the last years, several online payment industry trends have shaped up that entrepreneurs should take into account: Payment cards became the most d...
24 November 2021 /payments
Brad Goodall CEO at BANKED
It was news that sent shockwaves rippling around the global payments sector while exciting fintech innovators in equal measure. On November 17th, with Black Friday and the Christmas shopping season just around the corner, Amazon made the bold move to ban Visa credit cards as a payment method for its UK customers by early 2022. The conglomerate ...
24 November 2021 /payments /predictions
Remittances have long been a lifeline for people living in developing countries. About 11% of people worldwide are supported by remittances sent by migrant workers, and remitted money is often a major contributor to a household’s total income. It’s estimated that 75% of remittances are used towards essentials like food, medical or housing expenses...
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