28 Results from 2024
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Around the world, there are significant moves to transition from traditional electronic money transfers, which rely on batch settlement systems that can take several days for transactions to clear, to instant, or at least near real-time, payment systems. These new innovative payment systems ensure that beneficiaries receive their funds within seco...
13 May 2024 /payments /regulation The Payments Business
With the successful rollout of PSD2, the European Union (EU) continues to advance innovation in the payments domain through the anticipated introduction of the Payment Services Directive 3 (PSD3). On June 28, 2023, the European Commission published a draft proposal for PSD3 and the Payment Services Regulation (PSR). The finalized versions of this ...
06 May 2024 /payments /regulation SEPA and European Payments
In the world of financial services, the integrity of data systems is fundamentally reliant on non-functional requirements (NFRs) such as reliability and security. Despite their importance, NFRs often receive secondary consideration during project scoping, typically being reduced to a generic checklist aimed more at compliance than at genuine funct...
29 April 2024 /devops Banking Architecture
It is often stated that 'Data is the new oil', suggesting that data, like oil, holds immense value but remains unusable if unrefined. While this comparison simplifies, it effectively highlights two significant trends: A fierce competition to capture as much customer data as possible, waged not only by Big Tech and social media giants but also by ...
23 April 2024 /payments /retail Big Data
The financial industry is undergoing a significant transformation. Banks are evolving from mere repositories of money and providers of loans and investments into facilitators of our financial journeys and personal assistants in financial well-being. This shift marks the beginning of an era characterized by embedded banking and deproductization. Tr...
15 April 2024 /inclusion /predictions Digital Banking Trends
Financial crime continues to be a major issue, undermining the trust and safety of global financial systems. The United Nations estimates that a staggering 2 to 5% of global GDP, or between EUR 715 billion and 1.87 trillion, is laundered each year. Moreover, about 50% of companies worldwide have experienced fraud in the last two years, underscorin...
18 March 2024 /regulation /crime Banking Regulations
In the financial services sector, Anti-Money Laundering (AML) continues to be a topic of intense debate. Discussions oscillate between advocating for stricter regulations and questioning the extent of banks' responsibilities in overseeing (policing) financial transactions. AML regulations are pivotal in preventing the use of financial institutions...
13 February 2024 /regulation /crime Banking Regulations
Every business inevitably engages in a checkout journey. In B2B contexts with low-volume but high-value transactions, this can be a lengthy, manual process. Nevertheless, the same three key steps can always be identified: Finding and Selecting a Product or Service Collecting and Delivering the Product or Service Paying for the Product or Servic...
10 January 2024 /payments /predictions Payments strategies 2015-2020-2030
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