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€13 billion worth of contactless payments made in Ireland in 2022

14 Dec 22 @ 12:13

Nearly €13 billion worth of contactless payments were made in 2022 as online and mobile banking payments hit record levels and cheque volumes dropped to an all-time low. This according... read more

Cost-of-living crisis set to fuel fraud

13 Dec 22 @ 16:38

New research shows 43% of financial services organisations expect the cost-of-living crisis to increase the risk of financial crime and fraud over the next 12 months, as scammers target vulnerable... read more

UK debit card use soars to 90% of spend as fees continue to rise

13 Dec 22 @ 12:03

The British Retail Consortium (BRC) published its latest annual Payments Survey. The survey is an annual publication of the BRC measuring the sales volumes and values of different payment channels... read more

Visa becomes latest to file trademarks in the Metaverse

13 Dec 22 @ 09:49

Visa has become the latest payment giant behind Mastercard and American Express as it filed two trademark applications to the United States Patent and Trademark Office (USPTO) related to digital... read more

US banks snap up FinTech deals as valuations tumble

12 Dec 22 @ 16:24

The FinTech industry, long seen as a threat by some to the established banks, are increasingly becoming acquisition targets for traditional US banks as rising interest rates and falling valuations... read more

Banking on crypto: How far should regulators go?

12 Dec 22 @ 12:56

Such is the volatile nature of cryptocurrencies that the market can all too easily enter one of its periodic downturns — what’s referred to as a “crypto winter.” This happened... read more

Record levels of bitcoin exiting crypto exchanges after collapse of FTX

12 Dec 22 @ 11:49

Investors are reported to be pulling record levels of bitcoin from crypto exchanges as the collapse of FTX has maximised investor fears over the safety of their assets. FTX, which... read more

Better user onboarding is key to digital finance – here’s why…

12 Dec 22 @ 10:55

In a previous blog, Plaid’s Zak Lambert outlined the evolution of customer onboarding and explained how Open Banking holds the key to vast improvements in customer onboarding for the digital... read more

Merchant acquiring in the Med – A hot business

09 Dec 22 @ 14:10

Global merchant acquiring volume is set to hit $41 trillion in volume by 2026, with fresh impetus coming from skyrocketing e-commerce growth, soaring contactless usage and a reshaping of business... read more

Want a new job in Tech in 2023? Start looking now

09 Dec 22 @ 09:45

If you’re looking to make your next career move in 2023, don’t let the recent layoffs at some of the biggest names in big tech spook you; the sector remains... read more

2,469 arrested in worldwide crackdown against money laundering

09 Dec 22 @ 08:52

Law enforcement from 25 countries, supported by Europol, Eurojust, INTERPOL and the European Banking Federation (EBF) have joined forces to crack down one of the most important enablers of money... read more

Only Digital Identity can unleash the power of digital finance

08 Dec 22 @ 11:52

As the global economy goes digital, Roland Eichenauer, Head of Business Development at Nets, says Digital Identity is a must-have for banks competing to deliver enhanced customer experiences, improved revenue... read more

Open Banking now a “Must Have” globally

07 Dec 22 @ 10:37

New research shows that Open Banking is now regarded as a key part of the banking landscape, with 99% of respondents considering it either a ‘must have’ or ‘important’, up... read more

Banking on crypto: Should banks enter the crypto market?

07 Dec 22 @ 09:50

In a recent speech, Fabio Panetta of the European Central Bank (ECB) categorized crypto as a “Wild West” investment, describing market activity as a “digital gold rush beyond state control.”... read more

PE on ice over winter as deal values fall during 2022

05 Dec 22 @ 19:27

The rising cost of leverage as well as volatile valuations amidst a global economic downturn and tightening monetary policies have been identified as the greatest challenges facing the private equity... read more

Legal Opinion: EU Proposal for the Regulation of Instant Payments

05 Dec 22 @ 18:14

On October 26, 2022 a proposal for a Regulation amending Regulations (EU) no 260/2012 (SEPA Regulation) and (EU) 2021/1230 (Cross-border Payments Regulation or CBPR2) as regards instant credit transfer in... read more

Central Bank of Turkey launches Open Banking services

02 Dec 22 @ 14:46

The Central Bank of the Republic of Turkey (CBRT) has launched Open Banking services, an important component of the digital economy roadmap of the liraization strategy. The Digital Turkish Lira Collaboration... read more

The European Commission’s proposal for a regulation on instant payments

02 Dec 22 @ 12:05

On 26 October the European Commission (EC) adopted a legislative proposal on instant payments in euro, fulfilling its commitment of the 2020 Retail Payments Strategy for the European Union (EU).... read more

Trending

Revolut eyes an IPO, but the valuation story is the real headline

21 Apr 26 @ 14:35

Revolut is beginning to sound more like a future public market heavyweight than a fast-growing European fintech. Chief executive Nik Storonsky has said the com... more

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

Banks to reinforce cyber defences as AI changes the threat model

22 Apr 26 @ 19:36

Banks are hardening their cyber defences as artificial intelligence begins to alter the economics of digital attacks. For financial institutions, the challenge ... more