362 Results from 2021, /payments
Retired Member
Financial inclusion is rising up the social and political agenda. In the first of a series of blogs, we look at how fintech can help democratise financial services and increase economic prosperity, particularly post-COVID. Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services,...
14 July 2021 /payments /inclusion Financial Inclusion
Steven Hatton Co-founder & Director at Trusek Ltd
As a new Fintech preparing to come to market with your new services there are many demands on what may initially be limited resources. You will need to obtain your FCA licence, create the platform on which your service will operate, take on board the necessary staff to satisfy the regulatory requirements and service your customers and then market t...
14 July 2021 /payments /startups Fintech innovation and startups
Paul Shumsky Technology Advisor at Entrepreneur
If you are a FinTech company building an international money transfer, payment solution or remittance platform, an integral part of it would be a cross-border money transfer processor. The only other alternative is creating your own banking network by forging relationships with traditional banks which is lengthy and requires a huge effort. By inte...
13 July 2021 /payments /markets Innovation in Financial Services
John Bertrand MD at Tec 8 Limited
Sending money to non-enabled CoP bank accounts could have an adverse effect on your bank balance. A well-advised approach before paying someone with any bank that is not using Confirmation of Payee (CoP) should use a credit card. Bank accounts are only covered by a voluntary reimbursement code signed by 12 banks. These banks on average reimbursed ...
13 July 2021 /payments /regulation Banking Strategy, Digital and Transformation
Austin Talley Founder and CEO at Everyware
Today’s supporters are just a text away – and a text is the easiest way to give to the organizations they love. Texting to give is a fast and simple way to donate or show support, plus it’s the preferred form of communication – 90% of text messages are read within three minutes (Forbes). Organizations seeking those financial reinforcements from su...
12 July 2021 /payments
Sean Salloux CEO at Sentinel Digital
Visa’s enthusiasm for digital assets shows no signs of slowing as they adopt USD Coin and bid in venture funds. Back in April, Visa CEO Al Kelly discussed the payments giant's ambitions for integrating digital assets into their services, describing the firm as "extremely well-positioned" to do so. Visa is undertaking a multi-pronged stra...
12 July 2021 /payments /crypto Fintech
Abhinav Paliwal CEO at PayNet Systems
API integration is and why is the way forward for financial Integrating new applications into the existing IT infrastructures is a pain for banks. They use 1000 unique applications; however, only 29% of them communicate with each other, according to Connectivity Benchmark report. To solve that and enable point to point integration, they spend time...
10 July 2021 /payments /startups API
Arnaud Crouzet Vice President Security & Consulting at FIME
Fintechs aim to challenge traditional financial services thinking with the use of innovative technologies. In doing so, they can often provide a better user experience than entrenched methods. These improvements include speeding up transactions, lowering the number of rejected payments, giving greater insight into finances and creating more seamle...
08 July 2021 /payments /retail Fintech
Orkhan Nasibov CEO at Guavapay, Ph.D. in Economics
The development of currency is directly connected with the use of new technologies and the introduction of innovations. The digital development of financial technology invariably leads to the development of cryptocurrencies. Many financial technologies, previously perceived with skepticism, are fundamental to the smooth functioning of the financia...
08 July 2021 /payments /crypto Fintech
As the popularity of card and mobile-based proximity payments has increased, so has the POS infrastructure. Between 2015 and 2019, the POS installed base grew from 47 million to 137 million units, and should keep expanding as Covid-19 pandemic bolstered contactless transactions. In particular the percentage of mobile POS (mPOS) among total payment...
06 July 2021 /payments
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