243 Results from 2020, /payments
Ron Delnevo Chair at UK Cash Supply Alliance
My love affair with cash started with my parents. I was born in the 1950s, entering the world just as the UK was finally leaving World War 2 rationing behind. In those far off days, there was plenty of poverty – but little debt. The financial system really didn’t allow the general public to have significant debt. Personal loans from a bank or build...
04 June 2020 /payments /inclusion Financial Inclusion
There is much speculation about the extent of the comeback cash will make after the latest pandemic is behind us. To be fair, cash has had a bit of a tough ride. Lockdowns impacting more than half the worlds population have lured people into the clutches of internet shopping - and, as we all know, paying by cash on the internet is a bit tricky! On...
04 June 2020 /payments /inclusion The future of Payments in Europe
Hannes Van Rensburg Chief Commercial Officer at Clickatell
For a start, it is important to define what I mean by chat. In this context, “chat” does not mean that irritating chat-blob that often pops up when you visit a website. Not at all. What I am referring to is using a chat application like WhatsApp or Facebook Messenger to engage with a brand. Instead of using these chat applications to communicate w...
03 June 2020 /payments Payments strategies 2015-2020-2030
Retired Member
Fintech start-ups are known for being agile and efficient and they now have their eyes on the banks’ revenue sweet spot. These new entrants, have a well-established online presence, they are targeting merchant services and managing to hold on to them through mobile access. To stave off this threat, banks need to work with merchants to strengthen t...
29 May 2020 /payments /wholesale Fintech, you get me!
As digitalization has transformed businesses the ever-present threat of fraud has grown exponentially. However, banks and their users are increasingly realizing that using chat platforms to manage and mitigate fraud offers them immediate and significant gains. According to security company, Kaspersky, the number of unique malicious objects detecte...
28 May 2020 /payments /retail Finance 2.0
Yamen Bousrih Manager Business Expert at Vermeg
After the announcement by Swift to postpone the ISO20022’s go live for X-Border payments, we highlighted (based on the ECB’s decision to maintain ESMIG and T2-T2S go live for 2021) that this will have an impact on the European banks as they will have to manage this delay by maintaining their capability to receive and send SWIFT Message Type (MT) d...
28 May 2020 /payments /covid-19
The last decade has been incredible for fintech, with advancements being made across a range of areas including retail banking, wealth management and, in particular, payments. To give some perspective, in 2019 we saw 64% of consumers worldwide using one or more fintech platforms, nearly twice the amount of those taking advantage of them just two y...
26 May 2020 /payments /regulation Fintech
Did that get your attention? The ISO20022 implementation for cross border payments has been delayed, but not due to the coronavirus crisis. It could, however, be impacted. SWIFT cancelled SIBOS this year due to COVID-19, but the decision to postpone the go-live of ISO20022 for cross border payments (MT Categories 1, 2 and 9) from November 2021 to t...
25 May 2020 /payments /covid-19
Central Bank Digital Currencies (CBDC) gained the attention of the media and the financial services industry at large last summer, on the heels of the People’s Bank of China’s announcement that it would soon replace its cash in circulation with a new digital currency. We’ve since seen responses from The European Central Bank regarding how it migh...
21 May 2020 /payments /retail Payments strategies 2015-2020-2030
As the U.S. accelerates its printing press, China is already testing the digital yuan. Given this new reality, it becomes clear that the finance world will never be the same. But why do we need digital money? How is it better than traditional fiat money? What are the pitfalls? The coronavirus epidemic has accelerated cryptocurrency’s exit process ...
15 May 2020 /payments /crypto Cryptocurrency Insights
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