Nick Stephens Commercial Lead & Head Of Enterprise Partnership at Amdaris
When businesses are looking to optimise resources and cut costs, investing in new technology or upgrading their systems can seem like an expense that isn’t worth the risk. But even though a company may think it is saving money by not investing in new tools, upgrades, and digital transformation projects, the ‘technical debt’ it will accrue from hold...
09 July 2024 /people Business
Erica Andersen Marketing at smartR AI
AI has become the hottest buzzword of the decade, with chatGPT—last year alone growing to 100,000,000 users within three months—the fastest growth in a new product ever. Since then, everyone, from startups to old-line businesses, has rushed to claim they are doing it. It’s no wonder, as McKinsey’s report, “Mind the Gap: AI Leaders Pulling Ahead” ...
09 July 2024 /ai Artificial Intelligence and Financial Services
Taras Boyko Founder at BankBee
Buy Now, Pay Later (BNPL) is an emerging trend that has rapidly gained traction. It allows consumers to purchase goods and services immediately while deferring the payment over a series of instalments, often without interest or fees if payments are made on time. Source: stock.adobe.com by panuwat The growth trajectory of BNPL services is remark...
09 July 2024 /payments /inclusion BNPL
Ben Goldin Founder and CEO at Plumery
Small and medium-sized enterprises (SMEs) are undeniably a cornerstone of global economic growth and innovation. The International Labour Organization recently reported that in most OECD countries, SMEs contribute more than 50% of GDP, with some global estimates placing this figure as high as 70%. Despite their significant economic role, SMEs cont...
09 July 2024 /retail /inclusion Banking
Barley Laing UK Managing Director at Melissa
In the financial services sector the transformative power of artificial intelligence (AI) promises to, and in many cases already is, driving real-time business success. From enhancing data-driven insight and productivity, to improving fraud detection and customer experience. However, in the rush to adopt AI many haven’t taken into consideration ho...
09 July 2024 /ai /retail Artificial Intelligence
Andrei Scutari Open Banking Head of Sales at Salt Edge
In June 2023, The European Commission announced its proposals on regulations governing the payment services industry within the union. The much-anticipated third Payment Services Directive (PSD3) represents the completion of the Commission's review of the second Payment Service Directive, released nine years ago and is slated for release in the f...
09 July 2024 /payments /regulation Banking
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Over the past two decades, the banking industry has faced staggering penalties for non-compliance, totaling an astonishing $387,559,149,283 (source: Violation Tracker). This colossal sum underscores a pressing issue: despite numerous efforts, the financial sector continues to grapple with compliance, with no signs of the penalties decreasing. Ever...
08 July 2024 /regulation /crime RegTech
Eddie Harrison Co-Founder and Chief Product Officer at Navro
It wasn't so long ago that people lived, worked, and died within just a few miles of where they were born. And while there are places in the world where this is still the case, the lives of people in many countries are increasingly mobile. People on the move Today, a growing number of workers seek out excitement, adventure, or better pay packets b...
08 July 2024 /payments /people
With many consumers still feeling the squeeze of the cost-of-living crisis, retailers are increasingly looking to e-commerce marketplaces to drive revenue. It's easy to see the draw; marketplaces require lower upfront costs compared to setting up a standalone online platform, provide access to a larger pool of potential customers, and increase the...
08 July 2024 /payments /startups E-commerce
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
In today's digital era, efficiency is key across all aspects of life, especially financial transactions. One sector seeing significant change is utility bill payments, traditionally dominated by cash, checks, and bank transfers. Now, digital wallets are increasingly facilitating these payments, improving user experience and opening new revenue str...
08 July 2024 /payments Fintech World
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