Payments - Long Reads, News, Articles & Research: Finextra

Madhvi Sonia Head of Content at Finextra

Finextra’s top long reads of 2023

With 2023 drawing to a close, we take a look back at our most viewed long reads over the course of the past year. Top long reads of 2023 10. 5 predictions for fintech in 2023: What’s next after a terrible, horrible, no good, very bad year? Arvin Abraham, partner at Goodwin Procter, explored how fintech is still in its adolescence, but opportunities...

27 December 2023 /payments

What are instant payments? Understanding real-time payment rails

Dominique Dierks Content Manager at Finextra

What are instant payments? Understanding real-time payment rails

Over the last few years, instant payments – also referred to as real-time payments, faster payments or immediate payments – have increasingly come into focus for authorities and financial institutions alike. As transformation continues to accelerate in the financial sector, the need for instant payments has grown tremendously. Yet what is the infra...

18 December 2023 /payments

Who benefits from cutting interchange fees?

Níamh Curran Senior Reporter at Finextra

Who benefits from cutting interchange fees?

The Payment Systems Regulator (PSR) has recommended a cap on cross-border interchange fees after its market review into the fees. This is not the only interchange fees story to hit the headlines this week. Earlier this week, the Canadian government came to an agreement with Visa and Mastercard to lower their interchange fees. From next Autumn, sm...

14 December 2023 /payments

What is CBDC? Understanding digital currencies

Dominique Dierks Content Manager at Finextra

What is CBDC? Understanding digital currencies

CBDC (central bank digital currency) is a form of digital currency that a country’s central bank can issue alongside cash. Their value is linked to the issuing country’s official currency. For example, if the UK were to release a CBDC, it would be called the digital pound. While cash is a physical commodity, a CBDC is a digital currency that can b...

08 December 2023 /payments

New data shows the embedded finance opportunity for SaaS platforms and marketplaces

Ryan O'Holleran Head of Sales, Enterprise, EMEA at Airwallex

New data shows the embedded finance opportunity for SaaS platforms and marketplaces

As embedded finance began gaining traction throughout 2023, Airwallex wanted to explore the appetite among small and medium-sized businesses to receive financial services through their software or marketplace provider. We commissioned Edgar, Dunn & Co to run a comprehensive, global survey of 1,000 small and medium-sized businesses (SMBs) in th...

06 December 2023 /payments

How open banking revolutionises corporate financing and streamlines credit risk management

Marie Costers VP Business Services at Ponto by Isabel Group

How open banking revolutionises corporate financing and streamlines credit risk management

Since open banking launched in 2018, demand for real-time payments and fee savings for merchants has been fuelling adoption. Especially over the last couple of years, adoption has started to rapidly pick up, with Europe boasting the largest open banking market globally. Open banking is rapidly reshaping the payments landscape, yet one area that re...

23 November 2023 /payments

AI: Here's what every bank in the world is working on

Madhvi Sonia Head of Content at Finextra

AI: Here's what every bank in the world is working on

Here is a comprehensive list of where each bank is at with their respective artificial intelligence strategy, providing the most recent AI developments across 50 of the largest banks in North America, Europe, and Asia, so bookmark it and use it as a reference tool. According to the annual Evident AI Index, JPMorgan Chase is the most mature when it...

20 November 2023 /payments

How to foster conversations at the intersection of policy, technology and finance

Pat Patel Executive Director at Elevandi

How to foster conversations at the intersection of policy, technology and finance

Today’s fragmented regulatory landscape inadequately serves the ambitious innovators aiming to revolutionise the finance and technology sectors. Although discussions about regulating Big Tech have been ongoing for years, little has been done to counterbalance the sector’s growing influence or to bolster emerging players that are striving to improv...

13 November 2023 /payments

How many times has the ISO 20022 deadline been changed or delayed?

Paige McNamee

How many times has the ISO 20022 deadline been changed or delayed?

Following recent news that the European Payments Council (EPC) postponed the SEPA payment scheme's ISO 20022 migration by four months, it began to feel a little like groundhog day in the Finextra offices. In response, we decided to pull together all of the times since 2020 that we’ve seen delays to ISO 20022 migrations for payment schemes across t...

26 October 2023 /payments

SEPA Request to Pay has just 3 registered adherents, the EPC isn’t worried

Paige McNamee

SEPA Request to Pay has just 3 registered adherents, the EPC isn’t worried

Despite listing just 3 adherents as having registered as SEPA Request to Pay (SRTP) adherents (as of the 13th of October 2023), the European Payments Council (EPC) is unconcerned about the pace of uptake. To better understand the registration process and rate of registration, Finextra sat down with director general of the EPC, Giorgio Andreoli. Req...

25 October 2023 /payments

The necessity of strong foundations for changing global payment rails

Dominique Dierks Content Manager at Finextra

The necessity of strong foundations for changing global payment rails

This is an excerpt from The Future of Digital Banking in North America 2024 report. Modernising payments by adapting non-traditional payment systems is generally thought of as the way forward for financial institutions. But in order to effectively embrace non-traditional payments, authorities and institutions need to be able to draw from solid fo...

24 October 2023 /payments

Future of Fintech in Latin America 2023: Is BaaS a burgeoning trend?

Retired Member

Future of Fintech in Latin America 2023: Is BaaS a burgeoning trend?

This is an excerpt from The Future of Fintech in Latin America 2023 report. All signs point toward a bright future for the fintech sector in the very fragmented market that is Latin America. There is potential to serve nearly 700 million individuals; however, there are disparities across the market shown by the region being “dominated by a plethor...

30 August 2023 /payments

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