Hilary Smyth-Allen Executive Director at SuperTech
As shone through in our recently launched Research and Innovation Roadmap, Productivity, alongside Open Data, Sustainability and Inclusion and Wellness are the key themes that consistently emerged as critical focus areas. Despite apparent initiative differences on the surface, these themes frequently align and are relevant across all end-markets e...
25 June 2024
Robert Kraal Co-founder and CBDO at Silverflow
Say ‘Mississippi’. In the time it took you to say it, $199,771 USD was spent online – the $6.3 trillion eCommerce market divided by the 31,536,000 seconds in a year. If every sale made in that single second was routed to the average global citizen’s bank account instead of hundreds of companies then, since they earn $9,733 per year, they would ma...
25 June 2024 /payments /startups The Payments Business
Rodrigo Zepeda CEO at Storm-7 Consulting Limited
In June 2024, the Financial Conduct Authority (FCA) published feedback on good and poor quality applications under the existing cryptoasset anti-money laundering (AML) and counter-terrorist financing (CTF) regime (Feedback). The Feedback identified that out of 347 applications from crypto firms received by the FCA since January 2020, only 47 appli...
25 June 2024 /crypto /crime Cryptocurrency Insights
Cheryl Chiodi Industry Strategist, Financial Services at Akamai
Lessons from the Past Prove Why Instant Payments Must Prioritize Security by Design Having just returned from an incredible week in Lisbon at EBADay 2024, I am eager to share insights from this year’s theme, “Orchestrating the Dialogue on Payments - The Collaborative Advantage.” The event encouraged collaboration and featured provocative conversat...
24 June 2024 /security /payments API
Simon Kent Global Head of Financial Services at Kearney
Artificial intelligence (AI) is set to transform the banking industry as we know it, and top management in the sector must prepare for this period of disruption before it is too late. If they do, the rewards are significant with industry leaders already predicting that AI could boost revenues by almost $1 trillion by 2030[1]. While banks are curre...
24 June 2024 /ai /retail Banking Strategy, Digital and Transformation
Binh Dang Marketing Executive at smartKYC
In recent years, Know Your Customer (KYC) processes have become increasingly critical for financial institutions and other regulated entities to mitigate risks associated with money laundering, fraud, and terrorism financing. However, traditional KYC methods are often time-consuming, manual, and prone to errors The emergence of Natural Language Pr...
24 June 2024 /ai /crime RegTech
Carlo R.W. De Meijer Owner and Economist at MIFSA
On May 23, the US Securities and Exchange Commission (SEC) approved eight spot Ethereum or Ether ETF applications. These applications to be listed on US exchanges Nasdaq, CBOE and NYSE, may pave the way for the products to begin trading later this year after getting the green light. This announcement marks a pivotal moment in the cryptocurrency m...
24 June 2024
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
It was long believed that developed economies firmly rooted in the credit and debit card tap-and-pay ecosystem would be difficult to change. Due to their perceived insecurity and clumsiness, QR code payments were limited to developing nations. But a subtle revolution is taking place that is upending this presumption. Singapore is one example. Once...
24 June 2024 /security /payments Banking
Chandresh Pande Consultant at TCS
As per the latest survey, one in four people has lost track of at least one pension in the UK, with almost three million pension pots left unclaimed. The estimated combined value of these unclaimed pensions is a staggering £26.6 billion1. Thus, a pressing need was long felt by the authorities and pension holders in the UK for a program that helps ...
24 June 2024 /wealth /inclusion Consumer Financial Health
Marcus Martinez Industry Advisor, Worldwide FSI at Microsoft
Generative Artificial Intelligence (GenAI) has ushered in a new era of technological advancement, bringing with it a paradigm shift in how we perceive and interact with technology. Interestingly, this wave of innovation is not just being embraced by the younger generation but is significantly being adopted by older individuals, a reversal of the t...
23 June 2024 /ai /people Artificial Intelligence
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