362 Results from 2021, /payments
Laura Francis Head of Brand and Marketing at Form3
Open banking is becoming more widespread. The UK’s OBIE (Open Banking Implementation Entity) reported that the number of open banking users doubled from January to September 2020. With the EU looking to introduce open banking in the coming years, some reports claim that open banking has ‘delivered on every count’. But despite its impressive growt...
23 April 2021 /payments Open Banking
John Bertrand MD at Tec 8 Limited
The effects of fraud are not merely financial. As with other crimes against the person, victims suffer deep emotional distress – people have been known to commit suicide. The victim-blaming approach taken by banks is often a bigger contributary factor to their trauma than the actual financial loss causes people deep trauma. In the new world of op...
22 April 2021 /payments /regulation Fintech
Pooja Golakonda Lead Consultant at Edgeverve
There is this pandemic which has changed several equations. No doubt there is a need to be more and more digital to ensure resiliency. While this started long back in retail banking and is also now reaching the maturity stage, what comes as a surprise for me is the way the corporate banking is transitioning. This has started even before covid has ...
22 April 2021 /payments /wholesale Banking Strategy, Digital and Transformation
Simon Wilson MD, Transaction Automation at valanticFSA
Remaining competitive in payments is the key to future relevance and profitability for incumbent banks. But with incumbents now competing on multiple fronts against various players, how can they stay ahead of the competition? 1) Reshape attitudes towards data With the competition eroding banks’ traditional margins, a shift from a transaction-b...
21 April 2021 /payments
Peter Jones Chairman at PSE Consulting
EPI – 10 Critical Success Factors and Key Enablers Ever since Europe lost EuroPay in the late 1990s, payments stakeholders have been dismayed at the steady decline in their domestic debit card schemes and the gradual displacement of usage (now 70%) in markets where they remain. Several replacement plans have failed, either through lack of suppor...
Yuliya Barabash Managing Partner at SBSB Fintech Lawyers
The Fintech industry is thriving as ever. Investments, cryptocurrencies, cashbacks and other similar notions have come into common use, and not only that of the millenials. But how much effort and money does one need to invest to establish and grow their own project? Let’s consider the case of neobanks which are the most vivid and frequent example...
20 April 2021 /payments /markets Trends in Financial Services
Michael Ault CEO at UTP Group
For many years, payment terminals have been a vital tool for businesses that complete their customer transactions in-store. The familiar hand-held devices have reliably taken card payments and offered simple additional services like mobile phone top-ups, cashback or electronic tipping solutions. However, with recent technical innovation, boosted...
15 April 2021 /payments /covid-19 Payments strategies 2015-2020-2030
Alex Robinson Fraud Analytics at TSB
In the UK, fraud accounts for more than 50% of reported crime; yet less than 1% of police time is spent investigating it. Several weeks ago, I wrote an article about the UK fraud epidemic, based on a BBC article and think tank report. The overall conclusion was that fraud was not being taken seriously by UK government and law enforcement, and tha...
15 April 2021 /payments /crime Financial Risk Management
Jonathan Bell CFO at PXP Financial
We all know that 2020 was an unusual and challenging year for everyone and as much as we would have all wished that things could have gone back to normal the second the clock struck midnight on the 31 December, that has unfortunately not been the case. Most industries and businesses continue to face a number of challenges, some carried over from l...
12 April 2021 /payments /regulation Fintech
Vivek Dubey Senior Manager at Capgemeini
Inventing new concepts, ideas, technologies and utilizing them to an extent that has not been thought of earlier is the way forward. Embedded Finance is one example of human intelligence which has given a telescopic lens to FinTech to see many opportunities which were not visible earlier. Embedded Finance is a new Galaxy in the FinTech Universe. W...
10 April 2021 /payments /startups Embedded Finance
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