362 Results from 2021, /payments
Retired Member
At a recent payments forum hosted by the Bank of Finland, ECB board member Fabio Panetta signalled commercial banks must make instant payments ‘cheap and easy to use’. While on the operational side, the Eurosystem has ensured the pan-European reach of instant payments is affordable to all banks (€0.002 per transaction), banks are still passing on e...
27 July 2021 /payments
Forex brokers leaving their positions at established brokerage firms and setting up on their own is nothing new. I’m not revealing any trade secrets when I say that over the years it’s typically been disaffected salespeople – potentially seen as earning a bit too much by their bosses and a little miffed at, for example, their commission being capp...
27 July 2021 /payments Embedded Finance
Laura Francis Head of Brand and Marketing at Form3
The global impact of Covid on payments has seen a surge in the use of contactless cards and account-to-account transactions, creating a giant pressure point for payment processing. Banks and financial institutions must adapt if they are to cope with substantial increases in payment volumes but also more effectively and efficiently handle the inevi...
27 July 2021 /payments /cloud Platform Payment Technology
Ravi Satyanarayana Advisory - Cloud | Payments | Open Architecture at TCS
What is Payment Modernization? Financial Institutions have taken up various methods to modernize their payments systems over the past decade. While there was a consolidation effort of channels and customer-facing applications as part of Phase 1 of the modernization program through a “payment hub” approach, the next phase has been where institutio...
26 July 2021 /payments /cloud Banking Strategy, Digital and Transformation
Muhammad Faizan Siddiqui Head of Strategy at Wavetec
The push to the modernization of payments is not a recent phenomenon. Financial institutions and intermediaries have regularly been moving through rounds of improvement; but, this time, the pace of transformation, its scope, and impact are unprecedented. Drivers of the Modernization We have noticed two primary drivers for this dramatic movement. T...
25 July 2021 /payments /retail The Payments Business
Recent advances in Artificial Intelligence (AI) and namely its sub-domains – Machine Learning (ML) and Natural Language Processing (NLP) are bringing us close to the moment when we won’t distinguish the difference between the way people talk (human speech) and the way machines interpret and reproduce it (machine speech). And we bet that FinTech w...
23 July 2021 /payments /people Artificial Intelligence and Financial Services
Gabe McGloin Head of Business Development EMEA at Verifi at Verifi Inc
The digitisation of commerce has escalated the need for card-not-present (CNP) businesses to bring proactive customer communication to the fore. From digital receipts to high-tech AI chatbots, sellers have more options than ever to interact with customers. Not only will embracing these efforts heighten transparency, but also improve customer servi...
22 July 2021 /payments /crime The Payments Business
Abhinav Paliwal CEO at PayNet Systems
People today have become used to instant service, with e-commerce bringing this change through same-day deliveries. So when they have to wait for responses from their financial service provider, it may irk them. They expect the same level of immediacy across service providers. However, research shows that the average response time for customer se...
22 July 2021 /payments /retail Millennial Banking
Denys Kyrychenko CEO & Co-founder at Corefy
Data will talk to you if you are willing to listen Jim Bergeson Today, businesses mostly dwell on a data-driven or data-informed approach to changes. It means they don't make important decisions out of the blue, and instead of poking aroun
21 July 2021 /payments Fintech
Steven Hatton Co-founder & Director at Trusek Ltd
With the ongoing uncertainty surrounding the post Brexit environment for offering financial services, both to FinTechs in Europe who wish to operate in UK and UK companies wishing to offer their services in Europe, how do you prepare and plan to ensure your company can grow uninterrupted? With an unknown environment ahead do you have the adaptabil...
21 July 2021 /payments /startups Fintech innovation and startups
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