362 Results from 2021, /payments
Retired Member
This week, I read an interesting paper from Newgen Software about the application of “low-code thinking” to their business process automation domain. The paper highlighted the critical need for speed in a modern enterprise in order to respond to strategic and competitive threats. It suggests that the speed with which an organisation gets from a st...
14 January 2021 /payments /retail Banking Architecture
Yuliya Barabash Managing Partner at SBSB Fintech Lawyers
No need to be afraid of payment systems Businessmen generally prefer traditional banks, choosing to avoid payment systems. Many people believe that classic banks are much more reliable than payment systems. When we at SBSB offer our clients to open an IBAN account with a payment system, they are usually strongly opposed to this. Their first reactio...
14 January 2021 /payments /wealth Banking Strategy, Digital and Transformation
Orkhan Nasibov CEO at Guavapay, Ph.D. in Economics
The financial industry is going through drastic changes over the last few years and fintech’s speedy acceleration has driven the innovations in financial services. Technological innovation and finance have long since gone hand in hand. The industry has been quick to adopt technology since the early days of computing and fintech and logically evolut...
14 January 2021 /payments /predictions Fintech
Akhil Rao Director at Nth Exception
A key advantage of correspondent banking as a global payment system is that it can reach almost any account in the world. Customer experience has also improved in recent years, with payments becoming faster and more transparent thanks to SWIFT gpi, and it is set to continue with their new offerings. However, other improvements are required to keep...
11 January 2021 /payments /retail Banking Strategy, Digital and Transformation
Laurent Descout CEO at NEO Capital Markets
Part one: FX and hedging for SMEs – between a rock and a hard place The process of transferring money between international bank accounts has changed immeasurably. Rewind a few decades to when businesses and consumers were forced to endure a costly and painful service with no alternatives to the banks and specialist money transfer companies that ...
11 January 2021 /payments /startups Fintech
Electronic payments in Canada has seen an immense growth in the last few years and with the onset of Covid, Canadians are more and more moving towards the digital payments as that provides options for contactless and online/mobile banking. There is a growing trend towards these forms of payment even after post-Covid for the convenience and secure ...
10 January 2021 /payments /inclusion Banking Strategy, Digital and Transformation
Electronic payments have made a huge impact on the lives of millions of Indians in the last few years with various options to make and receive payments in a timely manner. With that in mind, RBI has recently regulated for all Payment System providers, that any payments made on Indian entities for domestic payments transactions has to be stored on...
08 January 2021 /payments /regulation Fintech
The surge in electronic transaction volumes in 2020 was driven by the switch to contactless card payments and the increase in e-commerce, triggered by the behavioural changes of consumers faced with the COVID19 landscape. Sudden, unpredicted increases in transaction volumes frequently cause problems in the payments infrastructure. The perceived ...
07 January 2021 /payments /cloud The Payments Business
Nikunj Gundaniya Product manager at Digipay.guru
Constant cash flow is the most significant aspect of every business. But depositing cheques is always a complicated task for small businesses. It can be painful for the businesses to go to the bank to deposit their cheques. What if you need to deposit your cheques after the banking hours? Here the lockbox payment comes into the picture. Now you ar...
07 January 2021 /payments Financial Transformation
Payments systems have always been complex but critical parts of the banking world. Over the last decade, the payments environment has become much more dynamic, creating even greater challenges for financial institutions. Complex regulatory requirements, outdated and poorly integrated legacy systems and an increasingly competitive marketplace all p...
06 January 2021 /payments /retail Banking Strategy, Digital and Transformation
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