Showing results for 'AI' in Articles
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Ant group heads towards record breaking IPO

26 Oct 20 @ 08:20

Jack Ma’s Ant Group has set its sights on raising more than $34 billion in its initial public offering (IPO), putting the Chinese payments group on course to beat Saudi... read more

Mobile wallet transactions in India to exceed $1.36 trillion by 2024

22 Oct 20 @ 11:29

Mobile wallet adoption is hotting up and gradually displacing traditional payments forms such as cash and cards in India. This has become even more prevalent during the current COVID-19 crisis... read more

Rethinking how to serve SMEs: What do new banking models look like?

22 Oct 20 @ 09:00

A recent webinar hosted by Banking Circle looked at how micro, small and medium-sized enterprises (SMEs) are currently being served when it comes to financial services, and the future of... read more

BRC Payments Survey point finger at card scheme fees – The facts

21 Oct 20 @ 11:20

Over the last couple of days there have been numerous reports around extravagant card scheme fees paid to the major payment networks, retailers had to spend more than £1 billion... read more

Why did Yandex drop $5.5 billion Tinkoff take over?

20 Oct 20 @ 12:44

The  $5.48 billion mega merger, Russia’s largest corporate deal of 2020 collapsed over the weekend after talks between online bank Tinkoff and internet giant Yandex ended. Discussions over the potential... read more

FSB: Roadmap for enhancing cross-border payments

20 Oct 20 @ 12:28

The G20 has made enhancing cross-border payments a priority during the Saudi Arabian Presidency. Faster, cheaper, more transparent and more inclusive cross-border payment services, including remittances, while maintaining their safety... read more

AML: Taking compliance from expensive and ineffective to affordable, accessible and reliable

20 Oct 20 @ 10:12

A leak from the US treasury department’s Financial Crimes Enforcement Network (FinCen) in September showed that even the biggest, most globally respected banks appeared to be allowing money laundering to... read more

Portugal’s SIBS opens up pan-European Instant Payments

16 Oct 20 @ 14:58

Portugal’s Instant Payments platform SIBS, is now able to make pan-European instant payments from Portugal to other markets – until now an exclusive service between national banks. The SIBS platform,... read more

UK Government backs cashback in shops without purchase

16 Oct 20 @ 09:13

Following the dramatic decline in cash usage and the consequential reduction in ATM estates, the UK Government is backing an initiative to allow people to access cashback in shops without... read more

European banking outlook: What has changed and what comes next?

15 Oct 20 @ 13:26

European banking has been a hotbed of innovation in recent years, as Open Banking regulations, new cloud technologies, and almost universal adoption of smartphones have paved the way for a... read more

Challenger Vs Incumbent – The great savings account battle?

15 Oct 20 @ 09:00

New research suggests that the UK’s largest retail banking brands’ ascendency in the savings account market could be under threat. According to the report by Deposit Solutions, a fifth (20%)... read more

FSB recommendations for regulation, supervision and oversight of Global Stablecoin

14 Oct 20 @ 08:23

The influential Financial Stability Board (FSB) has published the final version of its high-level recommendations for the regulation, supervision and oversight of Global Stablecoin (GSC) arrangements following an earlier public consultation.... read more

Focus on card fraud – The UK market

13 Oct 20 @ 09:33

Card fraud losses on UK-issued cards totalled £620.6 million in 2019, an 8% decrease from £671.4 million in 2018. At the same time, total spending on all debit and credit... read more

The mobile finance report: A global benchmark of banking and payment apps

12 Oct 20 @ 16:19

The world of finance has undoubtedly been disrupted by mobile, with FinTech companies offering innovative digital services, including in-store mobile payment apps and non-bank money transfers. EY’s Global FinTech Adoption... read more

ATM report: How will the ATM survive the digitisation of payments

12 Oct 20 @ 15:44

2020 marks the 13th edition of the ATM and Self-Service Software Trends report. And for the self-service banking segment, what a year it’s been already. The second decade of the... read more

UnionPay accounts for 45% of global cards spending – Visa still on top

09 Oct 20 @ 16:06

New research shows that spending on payment cards continues to grow strongly, expenditure rose by 13% to reach $35 trillion in 2019. There were a number of factors driving this... read more

Why Apple’s payments business could be their next billions dollar revenue stream

09 Oct 20 @ 15:23

Payments could be Apple’s next multibillion-dollar business according to Krish Sankar a Cowen analyst. In a research note this week he notes that the three elements of the business, Apple Pay, Apple Card and Apple... read more

Group of seven powerful central banks publish report on CBDC

09 Oct 20 @ 09:45

A group of seven central banks together with the Bank for International Settlements (BIS) has published a report identifying the foundational principles necessary for any publicly available CBDCs to help... read more

Payments report: COVID-19 payments revenue growth scenarios modelled

08 Oct 20 @ 13:14

Payments players are used to operating in an instant and real-time world, but few could have anticipated the crushing speed of the pandemic or its devastating toll. With economic life... read more

ECB proposes cross-currency instant payments pilot with Sveriges Riksbank

08 Oct 20 @ 13:00

The ECB has announced that it will investigate how TARGET Instant Payment Settlement (TIPS) could support instant payments transactions across different currencies. The investigation will begin as of October 2020... read more

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Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more