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Latest Results from /payments

Dominique Dierks

Dominique Dierks Content Manager at Finextra

The top payment stories you missed in July

It was an eventful month in the financial sector. Catch up on six of our most-read news and updates from July 2024. Revolut is finally granted a UK banking license After three years of trying, Revolut has been granted a banking license, with restrictions, by the Financial Conduct Authority. Once the ‘mobilisation stage’ has been completed and the r...

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Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

Payments processing: Why banks should take a composable approach

Over the last two decades, many banks have faced the frustration of being locked into high operating costs. Minimal budgets cannot meet business needs for expansion or support the improvement of product offerings. This is partly due to regulatory requirements consuming the lion’s share of the budget and the high cost of maintaining legacy systems. ...

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Erol Kaya

Erol Kaya CTO at BUNA

Currencies’ digital race on payment rails

A global player as a financial messaging network: SWIFT More than 11,000 banks and financial institutions rely on the SWIFT messaging network for financial transactions. In 2022, the SWIFT network registered an impressive average of 44.8 million messages daily, facilitating $150 trillion in transactions annually. As of May 2024, the breakdown of t...

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Níamh Curran

Níamh Curran Senior Reporter at Finextra

Why variable recurring payments is the next step in growing European open banking

Open banking in Europe is maturing. PSD2 legislation has driven this development across Europe, with the Financial Data Access (FiDA) and PSD3 now on the horizon, this may be the year we start to see the full potential of open banking and even open finance. This is an excerpt from the Future of Digital Banking in Europe 2024 report. There promis...

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Jean-Jacques Le Bon

Jean-Jacques Le Bon Chief Strategy & Product Officer at Vodeno

How embedded finance is driving the banking-as-a-service revolution

The world of payments is undergoing a radical transformation and Banking-as-a-Service (BaaS) is playing a starring role. This article is an excerpt from the Future of Digital Banking in Europe report. BaaS is the delivery mechanism that underpins embedded finance, allowing the provision of banking solutions directly into the websites and apps of b...

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Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

The telecom-fintech overlap

With the common factor of being two sectors consistently on the forefront of innovation, the telecommunications and fintech industries have intersected in exciting new ways that redefine each industry and pushes towards new business models. There is significant overlap between the sectors, with both telecoms and fintech being heavily regulated indu...

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Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

Why credit and debit cards are more than just a payment instrument

Ahead of Money20/20 Europe in Amsterdam, Finextra caught up with Amanda Gourbault, chief revenue officer, CompoSecure, to discuss the future of cards and how they can be used 'beyond just payments,' for example, to enable digital security amid continued credit card fraud and account takeover (ATO) fraud. Cards being used 'beyond' payments As Gourb...

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Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

What is pay by bank?

2024 might be the year that pay by bank hits the mainstream. Pay by bank is a direct account-to-account payment methods that many fintechs have been increasingly been drawn to as open banking has become more established in Europe. Pay by bank may be on track to replace card payments, as it is an alternate payment method that requires no log-in or a...

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Hamish Monk

Hamish Monk Reporter at Finextra

How can financial institutions hit G20 targets for cross border payments?

Finextra’s latest webinar, ‘Cross Border Payments: Hitting G20 targets for speed, cost, and transparency’ – hosted in association with Bottomline – explored why embracing new protocols, technologies, and data structures around cross-border payments is a non-negotiable for all financial institutions in 2024. Moderated by Finextra’s head of research...

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Sehrish Alikhan

Sehrish Alikhan Reporter at Finextra

Top payments stories you missed in April

April was an eventful month for fintech, and there was a wave of new developments in the payments space. To stay in the loop with the latest payments updates in the dynamic and fast-paced sector, here are the most pressing updates in payments from April 2024. As well as an influx of new developments in the world of payments, April also saw to Fine...

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Finextra Research

Finextra Research Writer at Finextra

NextGen Nordics 2024: Why it’s time for a domestic focus

NextGen Nordics, one of Finextra’s annual payments events, was held on 23rd April 2024 in Stockholm, Sweden, bringing together an array of experts and leaders in the Nordics payments industry. The conference explored innovation across payments infrastructure in the Nordics and started off with an opening speech from Finextra’s head of research Gary...

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Paige McNamee

Paige McNamee Senior Reporter at Finextra

The crucial role of seamless bills and payments processes to organisational success

While the benefits of fast payment processing for merchants and e-billers are well understood – the pressures of today’s payment landscape mean that the need for seamless billing and payment has never been more pronounced, regardless of whether payments are digital or paper-based. Firms are juggling the pressures to remain compliant with new regul...

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