215 Results from 2019, /payments
Retired Member
In a December 20th article titled, “Without Open Banking regulation, banks and fintechs clash in the US” (*), we get a taste of the first issues that are arising in the U.S. of trying to work in a somewhat open banking space without regulation. One of the issues mentioned in the article relates to aggregators in the U.S. being blocked by banks tha...
30 December 2019 /payments Open Banking
Konstantin Rabin Head of Marketing at Kontomatik
In 2019 the fintechs finally managed to become the talk of the town. They expanded their reach, improved the lives of millions and finally this year they got the recognition for what they’ve done and what they can still do. One of the main topics of the conversation this year was the tension between fintech and banks, but more so than that it's th...
30 December 2019 /payments /inclusion Fintech
Gabe McGloin Head of Business Development EMEA at Verifi at Verifi Inc
Christmas is well and truly on it's way, and that can only mean one thing: the e-commerce world is heating up thanks to copious amounts of Christmas shopping. Looking back to 2017, mobile sales accounted for 34.5% of all e-commerce sales. By 2021, mobile sales are forecast to account for 54% of total e-commerce sales. Whilst these figures present ...
27 December 2019 /payments Fintech
Open Banking – A 2019 Summary Open Banking has been regarded by the financial sector as the most revolutionary movement since the credit card. In 2017, none of us involved in the creation of open banking in the UK, ever thought that it would be globally adopted and so important that, if implemented for all the right reasons, could impact social a...
23 December 2019 /payments Open Banking
Ron Delnevo Chair at UK Cash Supply Alliance
Time to wish a happy 21st Birthday to the ATM installation that changed the face of cash provision in the UK! Yes. That’s right. It is exactly 21 years since the first Independent ATM was installed in this country - and that same ATM was also the very first pay-to-use ATM to be installed in Europe! I was there, at a Spar store in Stone Cross in Bir...
20 December 2019 /payments /retail Financial Inclusion
Shemina Jiwani Chief Operating Officer at AscendantFX Capital Inc.
“In the new world, it is not the big fish which eats the small fish, it is the fast fish which eats the slow fish.” – Klaus Schwab, founder and executive chairman of the World Economic Forum A common theme of late has been to paint fintech’s as the harbingers of death for the banking industry, disrupting their businesses and cutting into their mar...
19 December 2019 /payments Fintech
As we all turn our attention to Christmas travel, we are hoping for twinkling lights, Christmas markets and lots of joy. However, with some of the very public travel disasters that have hit the headlines this year – Thomas Cook comes to mind – many travellers may be more cautious than normal. The tour operator’s collapse earlier this year left ...
19 December 2019 /payments /regulation Fintech
More and more consumers around the world are turning to prepaid for payments. The question you may be asking yourself is, “Why?” For starters, prepaid is convenient, secure, versatile, easy to use, and accepted almost anywhere. In many ways, prepaid cards work like typical debit or credit cards, except they offer the advantages of both without any...
18 December 2019 /payments /inclusion
Uri Rivner CEO and Co-Founder at Refine Intelligence
As a decade of online fraud fighting is drawing to a close, it’s time to think about the next decade! Fraudsters were very busy this decade, coming up with an ever expanding bag of tricks, and we should expect them to give all of us good reasons to continue the fight. So – here are my top ten cybercrime and online fraud predictions for 2020: Deep...
18 December 2019 /security /payments Digital Banking Trends
Rolf Hauge CEO at Commercial Banking Applications (CBA)
Following the relatively straightforward implementation of SWIFT Release 2019 this November, are you ready for the more complex requirements of SWIFT Releases 2020 and 2021? Here I’ll summarise what’s in store across both Trade Finance and Payments for 2020 and beyond. It’s worth noting that the impact of the changes planned for November 2021 are...
05 December 2019 /payments /regulation SWIFT Matters
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