/payments

News and resources on payments systems, innovations and initiatives worldwide.

Liz High

Buy Now Pay Later: Is it time to say bye-bye?

Liz High - Practice Lead Financial Services, Metia
Discussion
Update: Silicon Valley Bank taken over by regulator
A Finextra Member

A Finextra member

  Silicon Valley Bank has failed and the FDIC is now stepping in to take charge and manage an orderly process. Look for a potential buyer to emerge/be acknowledged by the regulators shortly, per usual procedures in such cases.
Update: Silicon Valley Bank taken over by regulator
A Finextra Member

A Finextra member

  Shame to see SVB in this type of trouble. They were early entrants to support and champion fintech.  This story has that 'moment in time' feel about it. Let's hope it signals the nadir, not the start, with worse to come.
Railsr agrees rescue sale to investors
A Finextra Member

A Finextra member

  Anyone thinking fintech could sail through current economic headwinds is getting a wake up call. This news, and the Silicon Valley Bank story, are making the point. If there's anyone out there naively still thinking optimism and buzzwords will get them through, had better get with the program: cut costs; conserve cash; concentrate on customers.
Central banks conclude cross-border CBDC experiment, Project Icebreaker
Andrew Smith

Andrew Smith

  A few points stand out here... Bridge currencies add in friction, cost and additional levels of risk. In addition, we know that a hub and spoke model also adds in costs over time.  So while the concept seems to solve challenges, it introduces yet more.  The solution is always to have better bi-lateral relationships. The reason why we don't have these is because of the troublesome admin and security challenges associated with Corespondent banking as it is.  However, there are new correspondent banking models out there. 2.0 using intermediary platforms, and more importantly Correspondent Banking 3.0 when coupled with solutions like RTGS.global.  If we want to solve these challenges then we must remove friction points, we need to remove "hops", "intermediaries" and add in choice of providers and improve access...
Madhvi Mavadiya

Finextra’s Top Long Reads of 2022

Madhvi Mavadiya - Finextra Research