215 Results from 2019, /payments
Retired Member
Regulators put little trust in the strength of the current payment authentication system and rightly so, as fraud levels have hit an all-time high. In the last year, over 2.6 million UK accounts have been defrauded and of those fraud cases 76 per cent were remote purchases. It is estimated that overall, Europe suffers from a staggering €1.3 billio...
17 September 2019 /security /payments Banking Regulations
The global payments industry is changing rapidly as technology and innovation reduce friction and increase the speed at which value moves across borders. In order to keep pace and prepare for the future, the financial community must adopt a common language across the board. The good news is that this is already happening, as many payment market in...
16 September 2019 /payments /regulation
Iain McDougall UK & Ireland Country Manager at Stripe
For most of the past century, globalisation has been driven by large businesses. The very term multinational conjures the image of a giant corporation whose far flung units touch every corner of the world. The internet clearly has changed this equation significantly. Borderless and unparalleled in scale, it allows virtually any business, no matter...
13 September 2019 /payments /regulation
For a while we have seen a divide in the banking industry between the new digital challenger banks and incumbent banks, but a sub-divide between the traditional banks is increasingly becoming apparent too. Some of the traditional banks are exploring new ways of doing business, such as using cloud-native technology and collaborative structures which...
12 September 2019 /payments
Paul Shumsky Technology Advisor at Entrepreneur
Employers are coming to understand that if they want to keep — and retain — the best talent they need to prioritise the experience they offer their employees as much as they do their customers. And just as building a strong digital relationship with customers is a non-negotiable these days, so is it becoming a critical element of employee satisfac...
11 September 2019 /payments Finextra site news
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
A population of 5,5m (and some tourists) produced the following ATM volumes: Million times/billion €s: 2014: 145,1 million times/14,4billion € 2015: 137,1m/13,9bn 2016: 124,3m/13,0bn 2017: 12,1bn€ 2018: 11,4bn€ (out of which 0,2 billion with foreign cards) 2019: still over 10bn? 2000€/citizen. For no good reason.. So the rate of decline of €s is 18...
11 September 2019 /payments /retail Digital Banking Trends
The bank industry is one of the most attackable fields. It requires high security and there were invented many solutions striving to solve this problem (for example, Microservices). But maybe we are already witnesses of it? Blockchain can eliminate the threat or the risk of fraud in all areas of banking, and this could equally apply to a trading p...
10 September 2019 /payments Banking Strategy, Digital and Transformation
Richard Ransom Corporate Payments Specialist at Virtusa
Application Programming Interfaces (APIs) in payment processing are gaining traction globally. In addition to open banking, they are now being used end to end in the payment value chain – linking internal systems together more efficiently, accessing external applications, enabling the microservices transformation of legacy systems, and providing n...
10 September 2019 /payments /sibos Finextra@Sibos
Hussam Kamel Payments Architect at Icon Solutions
Cross-border payments are riddled with complexity and lack the regulatory framework and standards to ensure the instant, seamless performance and competitively priced offerings that today’s banking customers have come to expect. Ripe for a revolution, it’s attracting numerous new ‘disruptive’ players and, as the market becomes increasingly crowded,...
10 September 2019 /payments Payments strategies 2015-2020-2030
Golnaz Amininejad SWIFT gpi Market Manager at SWIFT
Over the past few years, the SWIFT community has been on a remarkable journey. We've taken a giant leap towards revolutionising the cross-border payments experience for thousands of banks, corporates, market infrastructures and securities players involved in sending international payments. That revolution has ushered in an era where cross-border p...
10 September 2019 /payments /sibos
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