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Businesses want more assurance on data security to adopt Open Banking

02 Mar 21 @ 15:47

42% of financial services businesses want better support and guidance on data security in relation to Open Banking, according to recent research on the market. The survey of financial professionals... read more

140% YOY growth: 37 billion data breach records leaked in 2020

01 Mar 21 @ 16:41

According to data analysed by the Atlas VPN team based on the 2020 Year End Data Breach QuickView Report by Risk Based Security, the number of leaked data records worldwide hit a... read more

Report: Time for biometric security on contactless cards

01 Mar 21 @ 11:30

New market research on contactless cards from TietoEVRY shows that UK and European consumers are concerned about infection risk when paying in-store, with worries about theft and fraud growing as... read more

Long Read: The Kalifa Review of UK FinTech

26 Feb 21 @ 13:08

Over the past decade, the UK has been quietly undergoing a FinTech revolution – in jobs, innovation, improvements to people’s lives and in increased opportunities in global trade. A look... read more

Unicorn Neo Banks and their performance through COVID-19

26 Feb 21 @ 09:28

There are 17 unicorn neo banks (defined by a pre-money valuation over $1 Billion) from around the world and here they have been categorised by their core product at time of launch.... read more

Global Payments report: Trends in global payments

25 Feb 21 @ 17:49

Global payments preferences for consumers vary considerably around the world, reflecting an infinite diversity of historical, technical, cultural, economic and regulatory factors. Alternative payment methods like digital wallets and bank... read more

Commercial card spending predicted to see strong recovery post-COVID-19

25 Feb 21 @ 17:05

European commercial card spending rose by 11% in 2019 to €366 billion and accounted for 8% of the total value of card payments. Charge cards, where transactions must be paid... read more

Buy now, pay later schemes to account for 10% of e-commerce

24 Feb 21 @ 17:55

Despite growing calls for regulation and some demographics turning their back on credit, Buy now, pay later (BNPL) schemes were the fastest-growing online payment method in the UK last year,... read more

Intuit set to sue Visa and Mastercard over anti-competitive interchange fees

24 Feb 21 @ 17:33

Intuit, a US business and financial software company that develops and sells financial, accounting, and tax preparation software is reported to be suing Mastercard and Visa for fixing interchange fees... read more

Open Finance trends across Latin America in 2021

24 Feb 21 @ 16:54

A new report aims to better understand how the Open Finance ecosystem is evolving in Latin America. With this goal in mind, it looks at the trends that will impact... read more

Report: Open Banking a global revolution or evolution?

23 Feb 21 @ 17:17

Open Banking, which allows third-party providers to access the financial information of banking customers through Application Programming Interfaces (APIs), was launched with the aim of providing customers with more tailored... read more

What is the potential impact of a digital euro on the financial system

23 Feb 21 @ 17:00

Throughout history, innovations in money have challenged and altered the structure of the financial system, but perhaps non more so than the concept of a digital euro. Time and time... read more

Pandemic prompts UK shoppers to turn their backs on credit and BNPL

23 Feb 21 @ 16:18

New research points to changing payment habits among online shoppers. A European study of 10,000 consumers and 1,000 merchants found that seven out of ten (71%) UK shoppers now prefer... read more

How has the regulatory landscape for the finance industry changed in 2020 – early 2021?

22 Feb 21 @ 15:19

Almost all countries increased regulation of the crypto finance industry in 2020. The COVID-19 pandemic provoked a significant boost of digital crimes, including money laundering, terrorist financing, online black marketing... read more

COVID drives explosive market growth of digital identity through face verification and liveness detection

22 Feb 21 @ 15:17

COVID-driven acceleration of digital transformation has intensified the need for secure, reliable and trusted digital identity. Citizen and consumer embrace of “digital first” and “digital only” in the wake of... read more

Davos and digital currencies – What world leaders think of cryptocurrency

22 Feb 21 @ 15:16

Digital currencies, whether these are central-bank issued, price-stabilised cryptocurrencies (“stablecoins”), or non-stabilised cryptocurrencies such as Bitcoin, are poised to have an impact on the financial system. In recent months we... read more

Banking Circle identifies evidence of increased costs for EUR payments from UK as a result of Brexit

22 Feb 21 @ 15:15

Banking Circle has identified an issue affecting some financial institutions handling cross border transactions from the UK to the EU. It seems Brexit has caused a number of EU banks... read more

Top ten global banks lost $23 billion in brand value in 2020

16 Feb 21 @ 17:54

Difficult economic trading conditions and the challenger banks’ evolution of last year has sliced a share of the leading traditional banks’ brand value. The pandemic ushered in a new era... read more

Trending

Visa and Mastercard move to end two-decade swipe fee battle

11 Jun 26 @ 16:00

A landmark legal battle that has shaped the economics of card payments in the United States for more than twenty years has taken another significant step toward... more

Bank of England Warns DLT Complexity in Settlements

18 May 26 @ 17:07

The Bank of England has found that distributed ledger technology could improve aspects of wholesale payments and settlement, but only at the cost of significant... more

Visa announces €500 Million European Investment Signals Strategic Response to Payments Sovereignty Push

31 May 26 @ 12:59

The debate around European payments sovereignty has intensified significantly over the past two years. Policymakers, regulators and financial institutions acros... more