120 Results
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Belgium is currently in the midst of forming a new government, a process known for its length and complexity. As we face yet another challenging government formation, a significant debate has emerged around the introduction of a capital gains tax on profits from the sale of equities that are currently untaxed in Belgium. The proposal suggests a t
02 September 2024 /regulation /retail Financial Services Regulation
At the turn of the millennium, the European banking industry underwent significant consolidation - a process where financial institutions merge or are acquired, resulting in fewer but larger banks with greater market share. Notable examples from that period include: Belgium: CERA, Kredietbank, and ABB Insurances merged into KBC in 1998. In
26 August 2024 /retail /predictions Banking Strategy, Digital and Transformation
In recent years, the usage of physical cash (notes and coins) has been on a notable decline worldwide, with significant reductions projected for the near future. According to the "Global Payment Report 2014," cash usage in various countries is expected to see substantial drops by 2027 compared to 2019. For instance, India is anticipated ...
29 July 2024 /payments /inclusion Financial Supply Chain
Preventing fraud is a major concern for every financial institution. Banks, in particular, must ensure that only the rightful account owner accesses their account and that no incorrect payments are made. This involves tackling issues such as identity theft, accidentally misdirected payments, and Authorised Push Payment (APP) fraud. While a few yea...
15 July 2024 /security /crime Exposing Financial Crime
Over the past two decades, the banking industry has faced staggering penalties for non-compliance, totaling an astonishing $387,559,149,283 (source: Violation Tracker). This colossal sum underscores a pressing issue: despite numerous efforts, the financial sector continues to grapple with compliance, with no signs of the penalties decreasing. Ever...
08 July 2024 /regulation /crime RegTech
Financial institutions face increasing challenges in combating financial crime. While technology has significantly advanced (e.g. thanks to AI), the methods employed by criminals have also evolved, becoming more sophisticated and harder to detect. One of the crucial challenges in this battle is the siloed approach to detecting and combating financ...
17 June 2024 /regulation /crime Exposing Financial Crime
As a regular consumer, you might not realize that a simple wire transfer to a company or a friend launches a complex and lengthy payment flow. This process involves multiple financial institutions and diverse IT systems. In this blog, we explore a typical payment flow at a financial institution. The complexity of the payment flow stems from increa...
10 June 2024 /payments The Payments Business
With an audience of fintech enthusiasts, I am probably preaching to the choir, but investing your excess savings remains critical to preserving and hopefully increasing the buying power of your hard-earned money. Unfortunately in practice, this is easier said than done. After years of great enthusiasm, investments in robo-advisors seem to be retur...
03 June 2024 /wealth /retail Digital Banking Trends
In recent years, the world of payments has been undergoing a significant transformation. Historically, international payments were dominated by major players like SWIFT, VISA, MasterCard, and a handful of large international banks. However, this landscape is rapidly evolving due to the rise of new payment rails, Open and Embedded Banking, and the ...
27 May 2024 /payments Payments strategies 2015-2020-2030
Digital threats top the agenda for every Chief Information Officer (CIO), especially in the Financial Services industry, where the consequences of breaches can be catastrophic. As financial services increasingly rely on IT tools and systems, any digital disruption can have profound impacts not only on the institution itself but on the broader econ...
21 May 2024 /security /crime Banking Regulations
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