Demise of cash continuing in Finland

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: NA yet m/12...

Payments strategies 2015-2020-2030

Research phase of Project Carlton, new UK payment services design

Two weeks ago, in a blog here on Finextra, we stated that our company had obtained initial funding and support for a project to design a new suite of UK payment services, to set against those being im...

Transaction Banking

5 Tips to Streamline Ecommerce Payments and Improve Customer Experience at Checkout

Digital payments are on the rise, and if you’re an ecommerce merchant, you’ll want to capitalize on this growth. But as this sector continues to become more popular, payment processing systems have t...

Payments strategies 2015-2020-2030

Beware Of Committing Harakiri By Lying With Big Data

I recently saw the following post on LinkedIn: “95% of banks in the study have created innovation labs.” This figure seemed extremely high to me. I did a quick-and-dirty survey of three banks in my ci...

Wolfsberg Group should publish its Competition Law advice about its Country Risk FAQs, as a starter

We just sent the third and final call in our series to the Wolfsberg Group, this time regarding the “Country Risk – Frequently Asked Questions” that Wolfsberg issued in March 2018. We are asking that ...

Transaction Banking

World Cup: When Russia plays, what happens to Global Cybercrime?

The World Cup! The largest, most anticipated sports event in the known universe. Millions of football fans are passionately supporting their national teams. But what are Cybercriminals doing in the me...

Information Security

The Bank of One: Taking personalisation to the ultimate level

The theory of the ‘Bank of One’ is well-rehearsed. Today’s tech-savvy consumers are demanding banking services tailored to their particular requirements. They see financial services as an enabler for ...

Banking Strategy, Digital and Transformation

It’s time for a serious open banking standard

Steve Kirsch, CEO and Founder, Token There are four things that should now be crystal clear to everyone involved in open banking: 1. Open banking has arrived. It was the #1 topic at Money 20/20 Eu...

Open Banking

How PSD2 will influence the Corporate Banking Payments landscape for the better using Biometrics

Transaction processing for corporate banking operations are on a completely different scale to the retail-banking world in terms of both value and volume. The resultant revenues form one of the main ...

Biometrics

UK New Payment System Operator - the wrong direction and we need a new one

The UK’s New Payment System Operator is well adrift of the problems facing UK payment service users (e.g. lack of access to free ATMs, high fees on card payments for merchants, dwindling cash collecti...

Transaction Banking

Quo vadis PSD2 RTS? A view on EBA’s recent Opinion Paper on RTS implementation

In combination, the EU’s Second Payment Services Directive (PSD2) – and the European Banking Authority’s (EBA’s) related Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) an...

Open Banking

Collaboration: The key to customer stickiness

Competition has long been heralded as key to driving economies and industries forward. When firms compete, it’s believed that consumers get the best possible prices, quantity, and quality of goods and...

Fintech