FinTech

Showing Latest FinTech

North American banks risk losing $88 billion in payments revenue by 2025

14 Jan 20 @ 16:55

As much as 15% of North American banks’ payments revenue — $88 billion — is likely to be displaced by the growth of digital payments and competition from non-banks, as... read more

Visa make Open Banking play with Plaid acquisition

14 Jan 20 @ 09:35

Visa has announced it has signed a definitive agreement to acquire Plaid, an Open Banking network that makes it easy for people to connect their financial accounts to the apps... read more

Banks to ban FinTechs from using customer passwords by issuing tokens instead

08 Jan 20 @ 14:12

JPMorgan has become the first major bank to crack down on FinTech apps using customer passwords to access their bank accounts, forcing tougher security standards via token after Jamie Dimon... read more

A 2020 forecast on the banking and payments industry

06 Jan 20 @ 09:56

According to Bloomberg’s analysis of United Nations’ data, Generation Z this year comprises 32% of the global population. By 2020, Gen Z consumers will have a greater impact on global... read more

9 trends reshaping banking in 2020: #1 the business model changed

20 Dec 19 @ 11:00

In an exceedingly commoditised market, banks are beginning to make clear bets to become leaders in scale, value, customer experience or product / service excellence. Some are turning into specialist... read more

9 trends reshaping banking in 2020: #4 The bank of the millennial

19 Dec 19 @ 11:00

As AI and automation become more deeply entrenched in the banking organisation, it will be the responsibility of the human workforce to compound value through critical thinking, collaboration, creativity, and... read more

9 trends reshaping banking in 2020: #5 Technology and consumer engagement

19 Dec 19 @ 10:00

Leaders, fast followers, and mainstream players all recognise that data, advanced analytics, and artificial intelligence technology will be at the centre of consumer engagement and consequently market success over the... read more

9 trends reshaping banking in 2020: #7 Public cloud for flexibility

18 Dec 19 @ 10:27

Declining apprehension against the public cloud, a rapidly growing market for SaaS solutions, and the widespread adoption of cloud as the preferred environment for workload execution. Clear signs that cloud... read more

Report: BigTech in finance – how to regulate new entrants

09 Dec 19 @ 14:18

BigTech firms are playing an increasingly prominent role in the financial system and have begun to provide financial services. Some BigTech firms have grown rapidly in the past decade and,... read more

Card payments are the preferred payment method for both consumers and merchants

06 Dec 19 @ 13:29

The European payments landscape has undergone a profound transformation over the past few years. According to an April 2019 report by the European Central Bank (ECB), electronic payments have grown... read more

Have yourself a Merry SCA-Mas…?

29 Nov 19 @ 09:00

E-commerce sales always explode at Christmas. This year, analysts predict the highest volumes ever for online shopping – and online fraud. Though the EU created SCA to combat online fraud,... read more

Only 9% of the world’s top tier banks are effectively monetising payments data

19 Nov 19 @ 15:54

Only 9% of the world’s top tier banks are effectively monetising payments data. The findings from Aite Group’s report “The Payments Transformation Race: Criteria for Success”, commissioned by Icon Solutions,... read more

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Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more