Global Payments & Transfers Insights


Will biometrics be the optimal solution to GDPR compliance?

1st October 2017

Company: Crossmatch
The two year transition period for countries within the EU (including the UK, whose government has already confirmed that it will be implementing corresponding law with the same thresholds) to transpose the General Data Protection Regulation (GDPR) into national law comes to an end in May 2018. Although still nine months out, this deadline is... read more

Everything you wanted to know about the Internet of Things and banking

29th September 2017

Company: bobsguide
What is the Internet of Things (IoT)? First coined by Kevin Ashton of Procter & Gamble in a 1999 article describing how RFID tags might make industrial production more efficient, IoT has come to mean a great deal more than it was originally intended. Having said that, the core principles remain the same. The definition of IoT is... read more

The future of identity verification: Stephen Stuut, CEO, Jumio interview

29th September 2017

Company: bobsguide
Stephen Stuut is the CEO of leading digital identity verification company Jumio. He has a wealth of experience in the financial services industry and is a leading senior technology executive with an extensive track record of transforming companies into profitable businesses with a clear market strategy. We sat down with Stephen to discuss... read more

Editor's Picks: Fintech and fraud

29th September 2017

Company: bobsguide
Preventing fraud in real-time payments Richard Dear, Business Development Director, Icon Solutions What insights can the U.S. take from early real-time payments adopters?    Change is constant in the banking and payments industry – and organisations that can keep pace with this change while outsmarting the associated risks,... read more

Fraud protection: Why human analysis is better than just an algorithm

27th September 2017

Company: ECommPay
As the e-Commerce industry continues to expand, attracting new merchants and consumers, the risk of fraudulent transactions grows. Unscrupulous individuals become increasingly inventive in their attempts to steal valuable customer data and siphon profits illegally, causing substantial financial losses and negatively affecting merchant credibility.... read more

The future of affordability

26th September 2017

Company: bobsguide
The drive for greater financial inclusion and improvement in user experience surrounding credit facilities, coupled with the ever-changing regulatory landscape, is spearheading evolution in the assessment of consumer lending affordability. Affordability assessments are no longer fit for purpose when they are rigid and without nuance, or involve... read more

Overcoming the challenges of cross-border trade

25th September 2017

Company: PayU
Cross-border trade represents one of the biggest business opportunities available to merchants from around the globe. Recent estimates have the cross-border market growing from $401bn in 2016 to $994 billion in 2020. Nearly two-thirds of cross-border business will come from high growth markets such as Asia and Latin America. Yet, with this... read more

How HSBC is using AI in its anti-money laundering compliance

21st September 2017

Company: bobsguide
Gurjeet Singh, co-founder and Executive Chairman of Ayasdi, spoke to bobsguide about the challenges of compliance with anti-money laundering, the characteristics of AI, and how AI is vastly improving false positive rates on suspicious security reports. How did you find your way to Ayasdi? I did my graduate work in computational mathematics... read more

PSD2 and the payments ecosystem metamorphosis: How banks can save the banks

19th September 2017

Company: TAS Group
With the activation of PSD2 regulation beginning in January 2018 for all EU countries, third parties will get access to financial data of banking customers under the condition that those customers gave their explicit consent.  While this new legislation will open up the payment space for new Third Party Providers (TPPs) such as Payment... read more

The rise of goAML reporting and the impact of data quality

18th September 2017

As of June 2017, all reporting entities in Ireland are required to submit their regulatory reports, such as suspicious transaction reports (STRs), electronically to the Irish Financial Intelligence Unit (FIU) using the goAML portal. This is part of a global trend where regulators are standardizing reporting platforms, and represents a significant... read more