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PSD2 open banking: The ticking timebomb for financial institutions

09 Apr 18 @ 14:21

The overall idea behind PSD2 open banking is not new, Yodlee and others have for a while aggregate accounts, and they have done this through a process known as screen... read more

PAYPAL FILE PATENT TO SPEED UP CRYPTOCURRENCY PAYMENTS

09 Apr 18 @ 12:36

PayPal has reportedly filed a patent to speed up cryptocurrency transaction times by eliminating the verification time of the payment, However, some experts argue that this is already made possible... read more

The key to building a successful Financial Institution mobile payments strategy

06 Apr 18 @ 13:41

Fiserv has published a white paper outlining how financial institutions can build a successful mobile payments strategy that drives consumer engagement and lays the foundation for future growth. “As mobile payments... read more

Voice enabled P2P payments growing through digital assistant

06 Apr 18 @ 11:52

Google recently announced a new Google Assistant feature: the ability to make  P2P payments money transfers  to your friends as well as request cash using voice and Google Pay. The feature is... read more

UK bank accounts: true digital capabilities in customer on-boarding

05 Apr 18 @ 11:15

There are a number of challenger banks in the UK looking to shake up the traditional status quo, dominated by the incumbents who have a wide range of accounts and... read more

Blockchain and distributed ledger technology move from promise to practice

05 Apr 18 @ 10:48

Blockchain and distributed ledger technology (DLT) have been key disruptors discussed for several years now. But compared with previous years, when many of the discussions were conceptual, at finally there... read more

Heavy-weights join board of reserve-backed cryptocurrency

04 Apr 18 @ 11:51

In an under reported story regarding the ultimate direction of cryptocurrencies, some of the world’s best-known economists have announced plans to create what could be described as a reserve-backed cryptocurrency.... read more

Top 4 Blockchain companies to watch in 2018

04 Apr 18 @ 11:05

The more blockchain-based initiatives there are being released into the market, the more difficult it can be to understand which of those are the most interesting applications of the technology.... read more

Banks now recognising the benefits of cloud computing technology

04 Apr 18 @ 10:47

Amid the excitement generated by technologies such as quantum computing, virtual reality, artificial intelligence and distributed ledger (DLT), cloud computing can be often overlooked. Yet at the recent Sibos event,... read more

Walmart extends financial services with money transfer operation

03 Apr 18 @ 18:05

Walmart like Amazon is moving itself further into traditional financial services provider territory, by expanding its money transfer operation to 200 countries Through the new money transfer operation, people will... read more

European Commission proposes cheaper cross-border payments

03 Apr 18 @ 10:26

The European Commission has announced what the industry sees as a long overdue proposal to make cross-border payments in euro cheaper across the entire EU. Consumers and businesses in the... read more

Singtel announces plans for pan-Asian mobile wallet

29 Mar 18 @ 13:54

Singtel has announced it will connect its Singapore mobile payments service with commercial offerings from associates and partners across Asia, in a bid to create a pan-Asian network of mobile... read more

PSD2 open banking, who will use it?

29 Mar 18 @ 10:30

The first thing to be clear about is that PSD2 open banking is not the same as UK Open Banking currently live with the CAM9, although not all of them... read more

Open Banking viewed as big opportunity for UK FinTechs

29 Mar 18 @ 10:15

UK FinTechs see Open Banking as a major area of opportunity for 2018, according to the EY UK FinTech Open Banking Snapshot, launched at HMT FinTech conference. The majority (81%)... read more

Payment card acceptance set to surge by 40% to 85 million outlets worldwide

28 Mar 18 @ 10:46

The latest cards research, Global Payment Cards Data and Forecasts to 2022, reveals that the number of card-accepting merchant outlets rose by an impressive 7 million in 2016 to 61... read more

The new PCI DSS 3.2 standards – New authentication requirements for cardholder data

28 Mar 18 @ 10:14

Poor password management – including the continued reliance on default, stolen, weak and non-unique passwords – is a key factor in more than 80% of hack-driven breaches, according to Verizon’s... read more

Europol arrests mastermind of Carbanak cyber crime gang

27 Mar 18 @ 10:54

Spanish police have arrested a Ukrainian national they suspect is the head of the infamous Carbanak cyber crime gang that stole more than €1bn from 100 financial institutions, often by... read more

Instagram launches Instagram Shopping function in the UK

27 Mar 18 @ 10:46

Instagram has introduced a direct-to-consumer e-commerce brand with the launch of Instagram Shopping in the UK, an update on the social media platform allows consumers to seamlessly purchase products directly... read more

Trending

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

UK Banks complete first live transactions using Tokenised Deposits

27 Sep 26 @ 18:52

Seven major UK financial institutions have completed the first live customer transactions using tokenised sterling deposits, marking an important step in Britai... more