4794 Results from /payments
Kyrylo Reitor Chief Marketing Officer at International Fintech Business
The utilization of correspondent accounts has become increasingly prevalent in the financial services industry, particularly among fintech companies seeking to expand their global reach and access new markets. While these partnerships offer numerous benefits, they also come with inherent risks that must be carefully managed to ensure the integrity...
27 November 2024 /payments /wholesale Banking
Ritesh Jain Founder at Infynit / Former COO HSBC
In 2010, I had the opportunity to lead a groundbreaking project at Visa that would later be recognized as Visa Advanced Authorization (VAA). At the time, we called it the Real-Time Scoring Platform—a system leveraging advanced data analytics and what we now identify as machine learning. The platform was revolutionary in its ability to assess trans...
27 November 2024 /ai /payments Artificial Intelligence and Financial Services
Anders Olofsson Payment Oracle at FintechCore
In end of December 2024 the Sveriges riksbank is extending the domestic real time payments system, RIX Inst, to enable bank initiated account to account payments. Already the SWISH wallet has moved its clearing and settlement to this platform. Where SWISH and many other wallets and peer-to-peer solution are adopting an alias service to enable the...
26 November 2024 /payments /crime
Ivo Gueorguiev Co-founder at Paynetics
As the Software-as-a-Service (SaaS) market surges, with projections reaching $1.2 trillion by 2032, the once open frontier has intensified significantly. With new business models constantly emerging and customer expectations evolving, SaaS providers are under pressure like never before. The challenges of high customer acquisition costs and declin...
26 November 2024 /payments
Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global
Cross-border payments are the backbone of international trade, global remittances, and financial connectivity. Yet, traditional systems often face challenges like high transaction fees, delays, and inefficiencies caused by intermediary banks and multiple currency conversions. The introduction of liquidity pools is transforming this landscape, offe...
26 November 2024 /payments /sustainable Payments strategies 2015-2020-2030
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Domestic payments have become increasingly instant in recent years, with countries like India (UPI) and Brazil (PIX) leading the way. Today, instant payments—24/7 transactions completed within seconds, often at little to no cost—are available in over 70 countries, with rapid adoption expected to continue. ACI Worldwide reported that real-time pay
25 November 2024 /payments /regulation Payments strategies 2015-2020-2030
The intricate web of cross-border payments, characterised by archaic systems and stringent regulations, often leads to slow, costly, and opaque transactions. This hinders global trade and commerce. Recognising this, it becomes evident that a singular solution, whether from a financial institution, regulator, or technology provider, is insufficient
25 November 2024 /payments /inclusion Payments strategies 2015-2020-2030
Md Rezaul Karim Director Business Development at Dandelion Payments
The primary source of remittance data on the international stage is the reports published by KNOMAD. KNOMAD (Global Knowledge Partnership on Migration and Development) is a branch of the World Bank that engages in significant work on global knowledge partnerships related to migration and development. Additionally, for NGOs and research institution...
25 November 2024 /payments /inclusion
Satyam Chaturvedi Digital Marketing Manager at Nimble AppGenie
In the current changing world for fintech operations, open banking APIs are creating a new space. The past decade has brought opportunities for the fintech industry. The global fintech market has been valued at USD 294.74 billion in 2023, which is projected to be worth USD 340.10 billion in the year 2024. Want to know the reasons behind this grow...
25 November 2024 /payments /wholesale
Beyond Borders: API Harmonisation as the Key to Financial Connectivity By Dr. Ritesh Jain In the early days of open banking, I found myself at the forefront of discussions that were as challenging as they were inspiring. These conversations were about building a new financial ecosystem—one that put the customer at the centre, drove innovation, ...
25 November 2024 /payments /inclusion Fintech
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