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

Future proofing payments security on a fragmented landscape

Mehret Habteab SVP Processing Platforms & Network Products at Visa Inc

Future proofing payments security on a fragmented landscape

In today’s global, instant and inter-connected world, the payments ecosystem comprises more players than ever before. The benefits of such a model have included unprecedented levels of competition, innovation, and service – for everyone. But this has also meant that there is an increased attack surface for bad actors, making fraud prevention and s...

03 December 2024 /payments

How to establish a correspondent banking relationship

Hamish Monk Senior Reporter at Finextra

How to establish a correspondent banking relationship

Correspondent banking lays the groundwork for a healthy international ecosystem of financial services. According to SWIFT data, however, the number of correspondent banking relationships has been in decline globally for the last decade. Compounding the issue has been a simultaneous rise in the volume and value of cross-border payments – suggestin...

03 December 2024 /payments

The future of payments: Trends and transformations

Gautam Pillai Head of Fintech Research at Peel Hunt

The future of payments: Trends and transformations

The fintech industry is undergoing a rapid transformation, driven by new technologies and evolving consumer needs. Similar to the internet and the dot-com crash of 2000, the fintech industry underwent a shakedown in 2022 which has helped to weed out the weak business models and showed the resilience of the rest. Today, nearly three years on, we ar...

02 December 2024 /payments

Beyond the labels: Why fraud is now everyone's problem

Guy Dolinko Head of Risk at Fibonatix

Beyond the labels: Why fraud is now everyone's problem

When we think about payment fraud, it’s natural to picture businesses that deal with bigger challenges—industries facing more complex regulations and heightened scrutiny. But while these high-profile businesses are often well-prepared to fight fraud, there’s an unexpected trend emerging: fraudsters are turning their attention to “low-risk” merchan...

26 November 2024 /payments

What are the benefits to the biometric payments rollout?

Sehrish Alikhan Reporter at Finextra

What are the benefits to the biometric payments rollout?

With the advent of numerous new technologies in payments, biometrics has taken a lead in authentication processes and accessibility. According to Global Market Insights, the biometric payment market was valued at $8.83 billion in 2023, and is expected to grow around 17.1% between 2024 and 2032. Biometric cards have further become a trend amongst p...

13 November 2024 /payments

How home-grown insights, big-bank connections fuel fast-growing treasury fintech

Scott Hamilton Contributing Editor at Finextra Research

How home-grown insights, big-bank connections fuel fast-growing treasury fintech

When Treasury4’s executive team contacted Finextra to announce that it was joining the JP Morgan Payments Partner Network, we were intrigued by the ‘why.’ We wanted to know what being a part of the JPM ‘payments ecosystem’ would really mean to a fast-growing, ‘actual-experience-driven’ fintech start-up like the Spokane, WA-based treasury and finan...

11 November 2024 /payments

What the new Data (Use and Access) Bill means for the UK

Chris Holmes Peer at House of Lords

What the new Data (Use and Access) Bill means for the UK

This time last year I was writing about an important milestone in the digital economy, the Data Protection and Digital Information Bill, which had just passed through its commons stages and was arriving with us in the Lords. Sadly, that bill was lost when the General Election was announced although it appeared to be revived, under a new name ‘the ...

08 November 2024 /payments

2025 payments trends and Finextra’s predictions for the new year

Madhvi Sonia Head of Content at Finextra

2025 payments trends and Finextra’s predictions for the new year

Launching soon, Finextra’s PREDICT 2025 channel will gather insights and ideas from the industry's top thought leaders, capturing how the financial services industry will tap into technology trends in 2025 and these predictions will be shared with our 700,000 monthly readers. From November 2024 to March 2025, Finextra will be hosting video intervi...

31 October 2024 /payments

Pix Automático: Unlocking the potential of recurring payments in Brazil

Dominique Dierks Senior Content Manager at Finextra

Pix Automático: Unlocking the potential of recurring payments in Brazil

Brazil’s Pix has been one of the most impactful success stories over the last decade. Created by the country’s Central Bank, the instant payments system purpose was to modernise Brazil’s payments industry by reducing consumers’ reliance on cash, lowering financial costs, and fostering financial inclusion – and it succeeded brilliantly. Launched in...

22 October 2024 /payments

Hamish Monk Senior Reporter at Finextra

How to build a mobile banking app

Mobile banking’s fledging iteration in the 1990’s was conducted via handsets’ Short Message Service (SMS). The offering was limited and inflexible – customers could check their balance or request to be warned if they were about to become overdrawn. By 1999, the world’s first Wireless Application Protocol (WAP) enabled mobile banking services in No...

14 October 2024 /payments

Hamish Monk Senior Reporter at Finextra

What is Open Banking?

After the financial crisis, there was a recognition that banking concentration could be disadvantageous – both in terms of competition and systemic risk. Since then, regulatory measures have sought to boost diversity in financial services, the most notable of which is Open Banking. Launched in the United Kingdom on 13th January 2018 following the ...

01 October 2024 /payments

Ushering in a new era of real-time payments

Dominique Dierks Senior Content Manager at Finextra

Ushering in a new era of real-time payments

The progress in real-time payments (RTP) has been significant over the last few years, and the momentum is showing no sign of slowing down. Today, there are around 96 RTP systems operational globally, with more and more countries building out their payments landscape. The economic impact of real-time payments is significant. In 2023, 266.2 billion...

26 September 2024 /payments

Long reads