4913 Results from /payments
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
As the digital payments landscape rapidly evolves, user experience (UX) design has become a crucial factor in differentiating financial institutions. Customers now expect seamless, intuitive, and personalized experiences that not only simplify transactions but also provide value through insights and ease of use. In this article, we explore key UX
23 September 2024 /payments /retail Innovation in Financial Services
Lissele Pratt Co-founder at Capitalixe
SWIFT handles +44 million transfers, also called encrypted messages, daily. It is the most used system to transfer funds globally. Whether you're a finance professional or simply someone who occasionally sends money abroad, understanding SWIFT codes is important. In this article, you can explore the ins and outs of SWIFT codes, how to fin
23 September 2024 /payments /retail Banking
Gary Singh President at Zeta Services Inc
Despite the proliferation of digital banking apps, the banking industry still runs almost half its systems on a 1950s programming language, which makes it difficult for financial institutions to innovate quickly. Beyond being old and rigid, COBOL (Common Business-Oriented Language) carries overlooked risks, making it a potentially unacknowledged c...
23 September 2024 /payments /cloud Banking Strategy, Digital and Transformation
Retired Member
SWIFT: tradition and security in global money transfers SEPA: European ease for business TARGET: big money, fast and secure Instant payments: the fastest path to a more efficient business Correspondent banks: the foundation of the global financial network The impact of technology and future prospects Visa B2B Connect: global B2B payments through a
23 September 2024 /payments Banking
Nikunj Gundaniya Product manager at Digipay.guru
As a hotеl businеss, providing a sеamlеss and convеniеnt paymеnt еxpеriеncе for your guеsts is crucial in today's fast-paced digital world. With thе risе of contactlеss and mobilе paymеnts, it is еssеntial to stay ahеad of thе curvе. And еmbracе modеrn solutions that not only strеamlinе your opеrations but also еnhancе thе ovеrall guеst еxpеr
Steve Morgan Banking Industry Market Lead at Pegasystems
Agile technology can help financial services organisations streamline backend operations and quickly adapt to market changes, which all works to improve customer experiences. But how can this technology help banks pivot to compete on lending? Streamlining backend operations First and foremost, financial institutions must audit their backend operat...
19 September 2024 /payments /retail Banking Strategy, Digital and Transformation
Remittance services generally include high transaction volumes, which can generate significant revenue for banks. If you manage a bank, the offset costs of offering these services can provide you with a stable source of income over time. By offering remittance services, you can build customer loyalty and trust. This can lead to repeat business a
19 September 2024 /payments /inclusion
Dmytro Spilka Director and Founder at Solvid, Coinprompter
Reports of the death of brick-and-mortar retail have been greatly exaggerated, it would seem. Following strong signs of post-pandemic growth, retail stores are readying to transform the shopping experience for customers all over again, thanks to advances in fintech. This decade has already seen brick-and-mortar stores outgrow their eCommerce count...
18 September 2024 /payments
Kyrylo Reitor Chief Marketing Officer at International Fintech Business
Securing an Electronic Money Institution (EMI) license in the European Union is a pivotal move for businesses wanting to offer electronic payment services. This license not only boosts a company's credibility but also allows it to operate across all EU member states. Here’s a streamlined overview of the licensing journey. 1. Grasp the Regulatory ...
18 September 2024 /payments /regulation Electronic Bank Account Management
Maya Kumar CRO at Banked
Card payments and innovative payment processors have had a truly transformative impact on global financial inclusion, enabling entire economies to transition from cash-based payments to digital alternatives and facilitating the proliferation of e-commerce. Bank payments were slow to adapt to the Internet revolution. However, through regulatory ini...
18 September 2024 /payments /inclusion Innovation in Financial Services
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