Watch this webinar, in association with Mastercard, on how value-added services can streamline payments infrastructure and encourage innovation.
Join Finextra & ACI Worldwide as industry experts discuss how ethical AI can be used to improve fraud scoring.
Against the backdrop of the Eurozone preparing rules to make SEPA-instant a mandatory part of the EU payments infrastructure, there has been an increased interest in cloud-based payments-as-a-service solutions for transactions between banks and clearing houses.
From neo-banks offering new product lines and increasing customer stickiness, to lenders reducing fraud and customer complaints, businesses across the financial services sector and beyond are harnessing the power of embedded payments.
While headway has been made in the fight to protect consumers against APP (Authorised Push Payment) fraud, the UK’s Payment Systems Regulator is pursuing plans to make reimbursement mandatory for victims of such scams.
Embedded finance is not a new concept. Corporations outside of the financial services industry have provided banking services through credit cards at shops, supermarkets, and airlines; financing at retailers; and loans at car dealerships for decades.
Many banks are confronting challenges with monolithic legacy infrastructure amidst the transition to the cloud.
Many financial institutions face issues in using legacy platforms that no longer keep up with their customer and internal requirements in real time.
As post-pandemic global trade booms, the volume of cross-border payments transactions has been steadily increasing.
What happens next with the Metaverse?
Transaction monitoring is an integral part of financial crime compliance programs.
Correspondent banking – when a financial institution provides its third-party services to another financial institution - is essential to the traditional global payments system.