362 Results from 2021, /payments
Andrew Beatty Head of Wealth, Retirement & International at FIS
The financial services industry has entered a new era where technology determines the brand experience, what customers do, and where they go next. Jim Marous, co-publisher of The Financial Brand suggests, “Financial institutions must be able to deliver an easy-to-navigate, seamless digital platform that goes far beyond a miniaturized online bankin...
11 March 2021 /payments /retail Banking Strategy, Digital and Transformation
Retired Member
Tech-savvy consumers started using leading mobile wallets in the likes of Apple Pay, Google Pay, Samsung Pay, a few years back. Under the circumstances created by COVID-19, a new wave of adopters joined the ranks as more and more in-store clients favored contactless transactions. So it is now widely known that smartphones can be used as a payment ...
09 March 2021 /payments /predictions Innovation in Financial Services
Paul Shumsky Technology Advisor at Entrepreneur
Growing Impact of Financial Software Solutions The COVID-19 pandemic provided a unique opportunity for the fintech industry. It fast tracked a shift from traditional banking services predominance to the abundant digitalization of financial services. This year is likely to be just as momentous, with digital banking no longer considered just a finan...
09 March 2021 /payments /retail Innovation in Financial Services
John Bertrand MD at Tec 8 Limited
Faster payments is the fraudsters’ preferred method of payment as the money arrives almost immediately in the payee’s account. To receive that payment therefore, the fraudster has to open a bank account. The current dysfunctionality is each bank holds the client’s information in confidence and does not share insights on risk on that account to oth...
08 March 2021 /payments /crime Financial Services Regulation
Sean Salloux CEO at Sentinel Digital
Documenting the worldwide rise of the behind-the-scenes digital asset infrastructure providers powering the banking revolution With an estimated 42 million people holding Bitcoin in the world, and a further 5.25 billion people with a traditional bank account, there is significant potential for digital asset infrastructure providers to rapidly scale...
04 March 2021 /payments /crypto Fintech
Yuliya Barabash Managing Partner at SBSB Fintech Lawyers
Switzerland, Lichtenstein, and Luxembourg are ahead of the whole world and persist in keeping their status of global financial innovation champions and reliable financial providers. DUKASCOIN, for instance, became the first crypto project launched by a traditional bank with all necessary licenses. Switzerland is now adapting its financial legislat...
04 March 2021 /payments /crypto Blockchain in Banking and Financial Services
The correct answer is ‘Yes’. Payment technology by VISA and MasterCard had no alternative 20 years ago. Credit or debit card as a customer ID, PIN for authentication, POS terminal to capture transaction details, private network based on ‘star’-like topology to transmit payment data, bank back-offices with poor 12x5 availability that required addi...
03 March 2021 /payments Fintech
Ruslan Kolodyazhnyi Head of Wirex R&D, CTO at Wirex
Three years ago, digital currencies seemed like a distant future, but now for European banks and financial companies, this future is just around the corner. In recent years, as digital currencies have become more popular, many platforms are now regulated, licensed, and fully compliant with the financial services market. So what do banks and fintec...
03 March 2021 /payments /crypto Fintech
Brad Hyett CEO at phos
The events of the last 12 months have transformed the financial technology sector and catalysed a new wave of innovation that is revolutionising the way we pay, and get paid. From contactless payments to the rise of e-wallets, one area where this innovation is on clear display is electronic point of sale. EPOS technology is helping businesses both ...
02 March 2021 /payments /covid-19
The correct answer is ‘No’. Libra threatens banks as well as VISA and MasterCard. Actually, there is nothing wrong with Libra. This ‘stablecoin’ is just a fictious digital surrogate for money. Facebook aims to replace traditional or ‘fiat’ currencies like dollar, euro, yen, etc. with Libras in it’s own worldwide digital payment ecosystem. A Facebo...
01 March 2021 /payments Fintech
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