Payments - Long Reads, News, Articles & Research: Finextra

How to design a payments system that never fails

Madhvi Sonia Head of Content at Finextra

How to design a payments system that never fails

Payment data is driven by innovation, real-time experience, high availability, and cost reduction. Financial institutions must meet consumer demand via an infrastructure that allows for mobile-first banking, real-time analytics, API-driven open banking, and data enrichment, for instance, personalisation and fraud prevention. However, this is not p...

19 July 2023 /payments

EBAday: A quest for global interoperability

Finextra Research Writer at Finextra

EBAday: A quest for global interoperability

Kicking off the 18th edition of EBAday – this time in Madrid, Spain – Wolfgang Ehrmann, chairman, Euro Banking Association, opened the show by gracing the stage and welcoming nearly 1200 practitioners from all corners of the payments and transaction banking ecosystem to discuss the latest trends and share different perspectives. At the second in-p...

05 July 2023 /payments

Fintech Sentiment: PSD3 and PSR1 welcomed by the fintech industry

Paige McNamee

Fintech Sentiment: PSD3 and PSR1 welcomed by the fintech industry

The European Commission’s long-awaited review into the current Payment Services Directive (PSD2) has landed, and with it, the establishment of a new Payment Services Regulation (PSR). Adopted seven years ago, the landscape in which PSD2 was first implemented has evolved and expanded significantly, in fact, the value of electronic payments reached €...

04 July 2023 /payments

Payments processing – from commodity to business opportunity?

Madhvi Sonia Head of Content at Finextra

Payments processing – from commodity to business opportunity?

According to Alexandre Maymat, head of GTPS at Société Générale, increased demand for faster and more efficient payments processing and the need for digital payments systems have led to the fostering of Payments-as-a-Service (PaaS). “PaaS platforms allow access to a wide range of payment rails from a single source and integrate with business ERPs

22 June 2023 /payments

Níamh Curran

The rise of banking-as-a-service

Banking-as-a-Service (BaaS) has become one of the major trends rising within payments. Gartner predicts that BaaS will be mainstream before the end of 2024 and this trend has sat at the top of the Gartner Hype Cycle from September 2022. This is an excerpt from Future of Payments 2023. BaaS is when banks open their APIs to allow digital banks and o...

22 June 2023 /payments

Scott Hamilton Contributing Editor at Finextra Research

On the cusp of the instant payments era

Faster payments are not new. Instant payments, however, are truly the ‘newest kids on the block’ when it comes to payments, though they look different depending on where you find them. Standardisation, innovation, and regulation are all playing a part in elevating the ‘young upstarts’ of the payment world to leadership status for our new global ec...

20 June 2023 /payments

Níamh Curran

Liquidity management 4.0

The future of liquidity management is volatile. Liquidity management is facing the challenges of regional conflict and the impact of sanctions, inflation, and supply chain delays. This economic climate’s instability has increased the pressure for financial institutions to ensure they have assets in the right place at the right time. This is an exc...

20 June 2023 /payments

The status of immediate cross-border payments

Abid Mumtaz Commercial Lead at Wise

The status of immediate cross-border payments

The speed of cross-border payments has never been more important, or more possible, than it is today. In an increasingly interconnected world, providing instant payments is critical to meeting the needs and expectations of customers and businesses alike. Banks and financial institutions who cannot meet those demands risk losing their business to c...

20 June 2023 /payments

Correspondent banking - essential or dispensible?

Níamh Curran

Correspondent banking - essential or dispensible?

Correspondent banking plays an essential role in the global economy. Over the last few decades, correspondent banking has helped banks enable global payments, enhancing growth in international payments and trade. This is an excerpt from Future of Payments 2023. Yet, this stalwart of the banking system is now facing an increasingly complex regulator...

19 June 2023 /payments

Models for public and private collaboration

Scott Hamilton Contributing Editor at Finextra Research

Models for public and private collaboration

Now that we on the way to achieving a truly interconnected, global economy, it’s past the time for full transparency on business and government activities surrounding the worldwide mélange that is the financial arena. And beyond the fact that most news (and opinion) of any kind is largely ‘public’ now – shared nearly everywhere across the internet...

19 June 2023 /payments

Laust Bertelsen CEO at Banking Circle

Where the fintech evolution goes next

Technology has played a part in financial services for much longer than many people realise. As the Payments Association explains, the utilisation of technology to enable financial transactions began way back in the 19th century. Early fintech saw electronic fund transfers being made via telegraphs and Morse code – not advanced by today’s standard...

19 June 2023 /payments

How banks can leverage real-time payments to stand out against competitors

Madhvi Sonia Head of Content at Finextra

How banks can leverage real-time payments to stand out against competitors

During a Finextra webinar, hosted in association with Bottomline, panellists explored the renewed vigour in addressing issues with legacy payments architecture and how transitioning to SaaS can support financial institutions looking to ‘stake their claim’. Frédéric Viard, product strategist, instant payments, Bottomline; Judy Bei, managing directo...

12 June 2023 /payments

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