Processing & Systems

Showing Latest Processing & Systems

COBOL – a ticking time bomb in the financial system

24 Jan 24 @ 20:22

Despite it being more than 60 years old, it is thought that around 70% of large corporations – including those in the government, banking, finance, insurance, and automotive industries – still... read more

World Cloud Report – Payments sector leads adoption

17 Nov 23 @ 17:34

The financial services industry is experiencing volatility spurred by ongoing inflation, interest rate hikes and recovering stock markets. To address these market dynamics and maintain business growth financial firms are... read more

Domestic networks retain a small share of global card spend

13 Jun 23 @ 12:46

Domestic networks continue to drive financial inclusion worldwide but face an ongoing challenge to stay up-to-date on card functionality and flexibility with 2% of all card expenditure done through local... read more

Project Leap: Protecting banking infrastructure in the quantum age

05 Jun 23 @ 13:54

A secure communication channel designed to protect financial data against future threats from quantum computers has been successfully established by the BIS Innovation Hub Eurosystem Centre and its Eurosystem partners,... read more

Checkout.com first to secure acquiring licence from the UAE Central Bank

23 May 23 @ 09:03

Checkout.com has been granted a Retail Payment Services licence from the Central Bank of the United Arab Emirates. This makes Checkout.com the first global payments provider to be granted an... read more

Report offers FI’s insight into Instant Payment monetisation

19 May 23 @ 11:34

Matera has released a special report detailing adoption of Brazil’s highly successful Pix system of instant payments. Pix by the Numbers provides key insights for US and other markets financial institutions... read more

Hong Kong Monetary Authority announces trial of e-HKD CBDC

18 May 23 @ 15:47

The Hong Kong Monetary Authority (HKMA) has announced a trial of its CBDC, the e-HKD, allowing the public to be able to shop, dine out and make money transfers with... read more

EPC Director General Giorgio Andreoli – Vision for European payments

10 May 23 @ 12:51

Giorgio Andreoli took up the post of Director General of the European Payments Council (EPC) on 1 April 2023. To get his views on the direction of the payments landscape... read more

2022 a record-breaking year for European retail banks

09 May 23 @ 14:01

Kearney has released the fifteenth edition of its annual European Retail Banking Radar, which tracks the performance of 89 retail banks across 21 European markets. In the face of uncertain... read more

Major trends impacting payments modernization in 2023

05 May 23 @ 15:42

The evolving payments landscape in commercial banking is a continued area of focus for financial institutions (FIs) and vendors. Broadly described as infrastructure or payments modernization efforts, FIs in particular... read more

Department of Justice widens antitrust probe to include Mastercard

28 Apr 23 @ 16:23

Mastercard has announced that the US Justice Department (DOJ) is conducting an antitrust investigation of its US debit program and competition with other payment networks. The company says it had... read more

The European Payments Initiative makes two big strategic acquisitions

25 Apr 23 @ 14:09

The European Payments Initiative (EPI) is in the news for three reasons: first launch of a pilot phase offer, a double acquisition and the addition of four new shareholders. At... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Emerging markets accelerate the shift to cashless payments

30 Apr 26 @ 18:03

Cashless payments are becoming an increasingly important marker of financial modernisation across emerging market and developing economies, with new data from t... more

Santander backs Ebury’s next phase with fresh funding

05 May 26 @ 16:52

Banco Santander has reinforced its commitment to Ebury after taking part in a funding round of about £550mn for the cross-border payments and trade finance fin... more