1339 articles tagged with this keyword
News/payments
As Canada works towards the creation of an open banking framework, a new survey suggests that boosting awareness needs to be top of the agenda for a public largely oblivious to the concept.
30 June 2023
The vast majority of consumers (86%) have reservations about the use of artificial intelligence (AI) in the payments process but seem much more welcoming of augmented reality (AR) and virtual reality (VR), suggests recently published research.
27 June 2023
News/crypto
Asset managers and institutional investors are much likely to trade digital assets if there is a recognised custodian involved, suggests recently publish research.
26 June 2023
Global banks are expected to spend $57.1 billion on legacy payments technology in 2028, up from $36.7 billion in 2022, impacting costs and limiting growth, according to research from IDC Financial Insights.
15 June 2023
Australia will phase out cheques by the end of the decade, citing their dwindling popularity in the face of a range of electronic alternatives.
07 June 2023
News/security
The Consumer Financial Protection Bureau (CFPB) has warned users of non-bank payment apps that their accounts are not protected by federal deposit insurance coverage.
02 June 2023
News/regulation
Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.
31 May 2023
A digital euro could be smoothly integrated into the existing European payments landscape while leaving ample scope for innovative features and technologies, testing from the ECB and Italian outfit Nexi has shown.
29 May 2023
Distributed ledger technology can be used for cross-border, cross-currency payments between different CBDC ledgers, reducing settlement risk and cutting settlement time, according to research from the Monetary Authority of Singapore and the Federal Reserve Bank of New York.
22 May 2023
News/markets
A new report from the Global Financial Markets Association (GFMA) claims that distributed ledger technology can have "transformative benefits" for capital markets but that regulators need to take a more innovative approach.
17 May 2023
The UK saw a slight dip in financial fraud losses in 2022, to £1.2 billion, driven by a 17% fall in authorised push payment (APP) losses.
11 May 2023
The risks of rolling out a digital euro currently outweigh the benefits and a CBDC should not be introduced unless "new elements " emerge, says a paper prepared for the European Parliament.
10 May 2023
News/predictions
Financial technology revenues are projected to grow sixfold from $245 billion to $1.5 trillion by 2030, according to a report from Boston Consulting Group (BCG) and QED Investors.
03 May 2023
News/retail
UK businesses are adopting open banking products at a higher rate than consumers, with accounting software driving take-up, data from Open Banking Limited (OBL) shows.
30 March 2023
News/startups
UK tech network, Tech Nation, has released its final report ahead of its closure at the end of March, stating that the UK tech ecosystem will require support in future growth.
24 March 2023
As the US prepares to shorten the settlement cycle, market participants in the UK are expressing concern about potential operational, technological and cost hurdles, warns a report from Torstone Technology.
The UK Prudential Regulation Authority's plans to change bank capital rules could put up to £44 billion of SME lending at risk, according to research commissioned by Allica Bank.
21 March 2023
The market capitalisation of global stock markets declined by 20% in 2022 while value of traded stocks fell by 10% according to data from the World Federation of Exchanges (WFE).
17 March 2023
Online searches for 'stock trading tips' and 'how to start trading' have increased by more than 200% since 2004 according to recently published data.
An offline CBDC could offer a compliment to cash that would boost financial inclusion and preserve privacy, suggests a note from the Bank of Canada.
07 March 2023
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