Showing results for 'AI' in Articles
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Europe’s banks return to fees as profits drop in 2021

18 Nov 21 @ 18:03

At Spain’s Caixabank most customers visiting a branch for a service they could access online will now have to pay €2 for the privilege. The fees are part of a shift... read more

Prediction time: Five FinTech trends to watch in 2022

18 Nov 21 @ 16:28

In the year ahead, consumer behaviour and early adoption of new technology are set to continue to transform the financial services market. FinTechs and banks are in a race to... read more

Instant payments and why their is a need for standardisation

17 Nov 21 @ 19:55

For businesses, instant payments offer the potential to reduce late payments and improve cash flow. From a consumer perspective, payments can be made or received easily and safely in seconds.... read more

European Payments Initiative appeals for public funding to stay on track

17 Nov 21 @ 12:28

The planned European Payments Initiative a pan-European payments network backed by 22 banks which aims to set up as serious competition to Mastercard and Visa has launched an official appealed... read more

Amazon steps up interchange battle with ban on UK Visa credit cards

17 Nov 21 @ 11:36

Amazon has announced it will stop taking payments from Visa issued credit cards in the UK, citing the high cost of interchange fees imposed by the card company as a row between... read more

European FIs: A decade to complete Open Banking objectives

15 Nov 21 @ 18:20

New research reveals that in spite of growing positivity, the complete implementation of Open Banking will take financial institutions many years to realise. The survey of 308 executives across 12... read more

Promo abuse fastest-growing fraud threat for online marketplaces

15 Nov 21 @ 18:05

Promotion abuse is the fastest-growing fraud threat facing online marketplaces, with 52% of companies noticing an increase in abuse activity over the past year, new data from fraud detection and... read more

COVID-19 led to a ‘levelling up’ in European e-commerce

15 Nov 21 @ 17:45

It’s commonly understood that the recent pandemic saw e-commerce grow across Europe. However, analysts at RetailX claim that growth in markets with lower internet penetration and fewer digital shoppers was... read more

Half of global consumers comfortable making digital payments after COVID-19

12 Nov 21 @ 16:40

A new research paper by 451 Research, commissioned by Discover Global Network found digital payment services and financial technology partnerships are reshaping the way in which consumers around the world send,... read more

Remote working in 2022 – What can we expect in the year ahead?

12 Nov 21 @ 16:05

It might be hard to believe, but 2022 is just around the corner. In a few short weeks we’ll be ringing in the new year and hopefully, continuing our post-pandemic... read more

Understanding Fiat to cryptocurrency payment gateways

11 Nov 21 @ 16:17

Cryptocurrency is becoming increasingly popular and is now a viable payment method for many businesses. This means that finding a solution to allow payment in fiat currencies that is accepted... read more

The future of financial services in Asia – Opportunity not to be missed

11 Nov 21 @ 11:39

Asia is the world’s consumption growth engine—miss Asia and you could miss half of the global picture, a $10 trillion consumption growth opportunity over the next decade. But Asia’s consumer markets... read more

Return of the regulator: DoJ issues stark warning to corporate America

11 Nov 21 @ 09:29

Hot on the heels of yesterdays news and amidst accusations of “laissez-faire” corporate regulation under Donald Trump, the US Department of Justice (DoJ) is hitting back. The DoJ is preparing... read more

ECB: Central Bank Digital Currencies will be legal tender

10 Nov 21 @ 15:50

Central Bank Digital Currencies issued by major central banks will become legal tender in their jurisdictions, this may sound completely obvious but was certainly not to be taken for granted,... read more

US Department of Justice opens investigation into Visa payments to FinTechs

10 Nov 21 @ 11:51

The US Justice Department is investigating Visa for what is feels may be improper relationships with large FinTech companies as part of its antitrust investigation of the company. Antitrust investigators... read more

E-wallet use skyrockets in Europe – Digital wallets first choice for online

10 Nov 21 @ 11:15

Advancements in digital technology and security coupled with the decline in cash payments accelerated by the pandemic, have led to a steep rise in the use of digital wallets in... read more

Digital transformation: Banks could increase annual revenues by nearly 4%

09 Nov 21 @ 11:19

By embracing digital transformation, rethinking their business models and following the innovative strategies of digital-only banking and financial services new entrants, traditional banks could boost revenues by nearly 4% annually.... read more

Banking malware threats surging as mobile banking increases

08 Nov 21 @ 12:06

Banking malware threats are sharply increasing as cyber criminals target the rising popularity of mobile banking on smartphones, with plots aimed at stealing personal banking credentials and credit card information.... read more

CBDC: How to save $120 billion in cross-border payments

08 Nov 21 @ 11:27

Global corporates move nearly $23.5 trillion across countries annually, equivalent to about 25% of global GDP. To do this, they have to rely on wholesale cross-border payment processes which remain... read more

Has Covid-19 hastened the demise of co-branded cards?

08 Nov 21 @ 10:56

Co-branded credit cards may be in for an uncertain future. While the rest of the payments world is spinning giddily amid a whirlwind of innovation, the co-branded credit card model... 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