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In Bills And Statements Are Hard To Decipher, we noted that it was very hard to read bills and statements from banks, ecommerce companies, retailers and other industries. We took two examples and did...
Increasing geopolitical instability, regulatory developments, and technological advances are set to contribute to a rapidly changing anti-money laundering (AML) landscape in 2024. Here, we look at eac...
Alternative investments such as private equity, private debt, and real estate are long term in nature with higher fund management charges and a complex structure. So, they are more suitable for instit...
B2B invoice generation and completion typically takes up to one month. Unlike retail invoices and payments, B2B invoices are more complicated as they adhere to local regulations and rules to ensure al...
White label banking is evolving from how it used to be a single-threaded product offer, to a broader and deeper banking as a service or embedded banking using modern technology. This concept of buying...
In the UK, 2023 was dominated by the continued impact of the cost of living crisis and rising inflation, leading to tighter budget restraints and growing consumer demand to have more control over thei...
“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.” This quote from author G. Michael Hopf (which in modern terms obviously relate...
If I could improve just one thing in the payments industry this year, it would be fostering greater financial inclusion through seamless integration and accessibility. Now this might sound broad, but ...
A year ago, I believed UK Open Banking payments were on a roll. Total payment initiations for 2022 were 68 million payments, an increase of 171% over 2021, showing a strong foundation for Open Banking...
Organizations must use AML in the banking sector to avoid any illegal activities and secure essential data. It’s much needed in the digital landscape as imposters are also using advanced illegal means...
Over the next few weeks, I will provide a definitive guide to the next evolution of banking technology – Coreless Banking. Amid a period of unprecedented digital and technological transformation, fas...
A thought on the PSR’s recent statement on APP reimbursement policy: Under the Consumer Standard of Caution, “consumers should have regard to interventions made by their sending PSP […] those interve...