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How fraudsters are attacking Open Banking weaknesses

30 Jan 20 @ 16:35

Two years ago, opportunity for the FinTech community was abound with the arrival of Open Banking. And while the initial uptake was slow to materialise, we are now finally realising... read more

Challenger bank N26 reaches 5 million customer milestone

30 Jan 20 @ 11:54

N26, one of the so called Challenger banks has reached the milestone of 5 million customers. N26 was founded in 2013 and raised $683 million (£520 million , €616 million... read more

Global financial institutions rack up $36 billion AML, KYC and Sanctions fines

29 Jan 20 @ 17:42

Fenergo released its findings on financial institution fines which shows that in December 2019 global penalties totalled $36 billion for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC) and sanctions... read more

93% of mobile transactions blocked as fraudulent in 2019

29 Jan 20 @ 17:15

In a fascinating report, 93% of total mobile transactions in 20 countries were blocked as fraudulent in 2019 according to a report on the state of malware and mobile ad... read more

Report: The future of payments – Cash survives … for now

29 Jan 20 @ 10:57

When people discuss the future of payments they tend to predict the end of cash. Not only do we think cash will be around for a long time, we see... read more

60% of millennials using point of sale credit finance services when shopping

28 Jan 20 @ 16:30

New analysis has found a growing appetite for point of sale credit finance – otherwise known as ‘buy now, pay later’ –  among younger UK consumers, with over 60% (67%)... read more

UK e-commerce market disappoints with low 6.7% growth in 2019

28 Jan 20 @ 16:21

UK e-commerce grew by a low 6.7% last year. This represents an all-time low in terms of growth rate. The discouraging growth rate is especially significant when you compare it... read more

German e-commerce market hits €72.6 billion in 2019

27 Jan 20 @ 10:01

The German e-commerce market  hit highs of €72.6 billion in 2019. This is an increase of 11.6% compared to the previous year’s figure of €65.1 billion including VAT. The growth... read more

Japan prepares to launch digital Yen

27 Jan 20 @ 09:05

According to Reuters, about 70 lawmakers from the ruling party feel a digital yen is needed to counter the approaching launches of Libra and China’s own digital currency. The effort... read more

New York City makes ruling against stores going cashless

24 Jan 20 @ 16:24

Following on from a ruling in Philadelphia in March 2019 and highlighting just how difficult it will be for society to go completely cashless, New York City Council approved legislation... read more

Hong Kong and Thailand report on central bank digital currency prototype

24 Jan 20 @ 12:53

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have announce the outcomes of and a report on a joint Central Bank Digital Currency (CBDC) research project... read more

European GDPR fines against data breaches much higher than expected

22 Jan 20 @ 19:12

According to DLA Piper‘s latest GDPR Data Breach Survey, data protection regulators have imposed €114 million (approximately $126 million or £97 million) in fines under the GDPR regime for a wide range of... read more

How the e-commerce market will shape up in 2020

22 Jan 20 @ 18:55

2019 was certainly a memorable year for the FinTech industry with the final implementation of the second Payment Service Directive (PSD2) and Strong Customer Authentication (SCA) continuing to set the... read more

European Banks seek clarification on e-money definition and fraud reporting

21 Jan 20 @ 14:29

Banks from across nine EU countries have endorsed a note seeking clarification on the definition of e-money transactions and the related fraud reporting requirements issued by the European Banking Authority... read more

Central bank group assess potential for central bank digital currency

21 Jan 20 @ 14:06

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International... read more

Report: The global merchant e-commerce study

20 Jan 20 @ 17:23

Cross-border sales have opened the door to a world of opportunity and e-commerce companies are eager to storm through. The expansion of international sales is not only a key growth... read more

Open Banking adoption surges past 1 million customers

20 Jan 20 @ 15:53

New figures published show that customer use of Open Banking in the UK has surpassed the 1 million customer mark for the first time. Customer numbers have grown strongly, doubling... read more

US multi-stakeholder initiative launches The Digital Dollar Project

17 Jan 20 @ 10:05

The Digital Dollar Project is a not for profit effort, in collaboration with Accenture, to advance exploration of a United States Central Bank Digital Currency in order to advance the... read more

Trending

ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more

Global Banks set ground rules for Agentic Commerce as Fraud and Liability risks rise

27 Sep 26 @ 18:53

Six major banks have joined forces to establish principles for trusted agentic commerce, warning that the rapid adoption of AI shopping agents could outpace exi... more