4913 Results from /payments
Santosh Radhakrishnan Chief Commercial Officer at XYB Limited
The financial services industry is undergoing a significant transformation driven by rapid technological advancements, changing customer expectations, and increasing regulatory pressures. At the heart of this transformation is the evolution of core banking systems, the backbone that supports the operations of banks and financial institutions. H...
17 September 2024 /payments /retail Banking
Tushar Chitra Vice President, Product Strategy and Marketing at Oracle Financial Services Software
With the National Payments Corporation of India’s (NPCI) launch of UPI Circle on 13 August 2024, India’s hugely successful digital payments market, which is a thriving example of how digital transformations can impact a nation’s economy at a massive scale, is going to witness yet another seemingly simple but potentially disruptive feature: Deleg...
16 September 2024 /payments /retail
Lars Frösslund Head of Strategy & Transformation at SkySparc
The new Instant Payments Regulation (IPR), effective April 8, 2024, mandates that European banks and payment service providers offer instant euro transfers at the same cost as regular transfers, with full implementation deadlines set for January 2025 for Eurozone banks. This regulation requires payments to clear within 10 seconds, 24/7, impacting ...
16 September 2024 /payments /regulation
Marcus Martinez Industry Advisor, Worldwide FSI at Microsoft
The financial landscape is on the cusp of significant transformation, driven by regulatory advancements and technological innovation. The forthcoming Payment Services Directive 3 (PSD3) promises to reshape the payments industry, fostering greater competition and enhancing consumer protections. Simultaneously, Generative AI is making inroads into B...
16 September 2024 /ai /payments
Craig Ramsay Managing Director, Business Development Head, EMEA at Episode Six
The period of “transformation” in banking is over. We are now in an era of “agility and flexibility,” driven by relentless technological advancements, fierce competition and the demands of digital-savvy customers. Traditional banks find themselves at a juncture, balancing the proven reliability of their legacy systems with the need for agility. In...
16 September 2024 /payments /retail Frictionless Payments
Ruchi Rathor Founder at Payomatix Technologies
Real-time payments (RTP) are emerging as a key innovation with the potential to revolutionize how money moves between individuals, businesses, and governments. Real-time payments enable instant money transfers between bank accounts, 24/7, providing immediate availability of funds to the recipient. With rising consumer demand for speed and convenie...
15 September 2024 /payments
Nkiru Uwaje Co-Founder and Chief Operating Officer at MANSA
The tokenisation of financing, or in plain language the provision of real-world loans using blockchains, is a shining example of the utility of blockchain technology. This financial revolution is slated to boost accessibility, efficiency and transparency throughout the financing ecosystem, but few understand the technology enabling this shift. W...
12 September 2024 /payments /crypto Innovation in Financial Services
Adam Richardson Head of Payments Architecture at Icon Solutions
On 30th July, the Bank of England (BoE) published a new discussion paper outlining its approach to innovation in money and payments. The BoE’s goals are to maintain stability, trust and confidence in sterling. Its approach therefore concentrates on ensuring that electronic payments, however they are made, are settled in money held at the Bank. The...
12 September 2024 /payments Banking
Jamel Derdour CMO at Transact365 - www.transact365.io
The rise of instant deposits and payouts is reshaping the global financial landscape, offering consumers and businesses faster, more efficient, and more convenient ways to manage their money. Instant payments, which enable the immediate transfer of funds, are becoming an integral part of financial services, from personal transactions to business o...
11 September 2024 /payments /markets Innovation in Financial Services
Financial inclusion is a critical enabler of economic development, ensuring that all individuals and businesses, regardless of their financial status, have access to essential financial services. In India, financial exclusion has long been a significant barrier to economic progress, particularly in rural areas. However, digital payment systems are...
10 September 2024 /payments /inclusion
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