Global Payments & Transfers Insights

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Transforming KYC: Three technologies to watch

19th July 2017

Gathering and validating the data needed to comply with Know Your Customer (KYC) is not easy. Documents can be forged. Ownership structures can be concealed. And practices like trade-based money laundering make it difficult to track money flow. Not only have bad actors become more adept at masking their true identities and activities, but... read more
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The value of partnerships: Andrea Dunlop, CEO Acquiring & Card Solutions at Paysafe Group interview

18th July 2017

Company: bobsguide
Andrea Dunlop is the CEO of Acquiring and Card Solutions at Paysafe Group. She has previously held senior roles at Visa and RBS. bobsguide sat down with Andrea at Money 20/20 Europe to discuss the importance of partnerships, and why PSD2 will drive innovation and create strategic partners between banks and fintechs. Tell us about your role... read more
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Why PSD2 will make it possible for customers to build their own banks

18th July 2017

Company: bobsguide
Huw Jenkins, CTO of The Money Cloud 2018 is going to be the year that permanently changes the customers see and use banks. Banks in their traditional form are going to start to disappear, and be replaced by “banking technology” – which is a completely different beast. PSD2 is set to come into force at the beginning of next... read more
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Why instant cross-border payments is the next logical step

17th July 2017

Company: bobsguide
The PayCommerce Network consists of a banking consortium of over 100 banks transacting in more than 80 countries. PayCommerce’s network members include banks, financial institutions, global corporates and alternate channel providers. Bobsguide spoke to Abdul Naushad, Founder and Executive Chairman of PayCommerce on the future of... read more
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Editor's picks: Increased collaboration between financial services and fintech

14th July 2017

Company: bobsguide
1. The bobsguide debate: Who needs the other more, fintechs or traditional financial services? Alara Basul, Reporter, bobsguide In the lead up to Finovate London, bobsguide asked show exhibitors and industry experts a series of questions to get the conversation rolling before the conference. Today's discussion is focused on who... read more
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PSD2 is pushing banks to reinvent themselves, but are they up to the task?

13th July 2017

“Banking is necessary, banks are not” Bill Gates famously said in 1994, speculating on the future power of technology. As the Second Payment Services Directive (PSD2) comes into effect at the beginning of 2018, what once seemed like a controversial statement is now gaining increasing significance. Designed to boost competition in the... read more
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The time has come for MSBs to get serious about their AML compliance programs

11th July 2017

In a previous era money services businesses (MSBs) could be lax about diligently fulfilling anti-money laundering (AML) requirements. Regulators were much more interested in the banking sector, and focused their attention on cracking down on the failures of those businesses. But times are changing. As MSBs and fintech companies continue to... read more
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Is PSD2 the most significant banking industry shake-up ever? Pt. 3

10th July 2017

Company: bobsguide
Patrick Tans, Senior General Manager, Banking Products, at KBC Bank was a panellist at The European Payment Summit 2017, and stated that banks were facing the biggest upheaval to their industry for over 600 years. But how does the industry feel about the shift in regulation? We spoke to senior figures from across banks and fintechs, as well... read more
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Is PSD2 the most significant banking industry shake-up ever? Pt. 2

7th July 2017

Company: bobsguide
Patrick Tans, Senior General Manager, Banking Products, at KBC Bank was a panellist at The European Payment Summit 2017, and stated that banks were facing the biggest upheaval to their industry for over 600 years. But how does the industry feel about the shift in regulation? We spoke to senior figures from across banks and fintechs, as well... read more