Global Payments & Transfers Insights
28th October 2019
Addressing regulatory uncertainty will be necessary before banks look to join Facebook’s Libra Association, according to David Marcus, head of Calibra.
“We’ve been asked and criticised for not having banks at the table from the beginning, but I just want to clarify that this was not our decision,” said Marcus, speaking at... read more
23rd September 2019
This year we have asked market participants to select who they believe to be the leaders in the payments and paytech industries, and votes flooded in across the board.
Payments has become a fast moving vehicle, driven by regulation, market forces and technological advances. New players are emerging while incumbents look to reinvent... read more
3rd September 2019
Open Banking should have been a huge opportunity for Europe’s payment service providers (PSPs), but so far a lack of unified standards, the absence of harmonised fraud reporting requirements as well as the confusion around strong customer authentication (SCA) has caused great unrest for those within payments.
In June, when the European... read more
29th August 2019
The financial ecosystem as we know it is evolving. The world of payments is entering a new and exciting era that brings promise of modernization and flexibility brought on by the migration to the new ISO 20022 messaging standard. This transition will bring not only heightened opportunities but also challenges for banks, how will you ensure a smooth... read more
16th August 2019
News that a Beijing-backed digital currency is in the offing comes as no shock to the market, according to Daniel Scott, CEO at CoinCorner.
“China has historically had a volatile relationship with Bitcoin, over the years they have banned then unbanned then banned and so on. It's been on their radar for years, so creating their own... read more
15th August 2019
The Board of Banking Competition Remedies (BCR) has announced results of the Capability and Innovation Fund (CIF) Pool C grant process, which will see Modulr Finance, Atom Bank, Iwoca and The Currency Cloud Group receive £10m grants to expand and offer improved SME lending and payment services.
Each organisation undertook an... read more
13th August 2019
Global Investment Performance Standards (GIPS) are voluntary, ethical standards based on the fundamental principles of full disclosure and fair representation of investment performance.
As investor expectations increase and product innovation develops, the standards are evolving to remain relevant and maintain their core purpose: ensuring... read more
6th August 2019
The announcement of the closure of FIS’s acquisition of Worldpay last week is part of a continual expansion strategy into new markets and opportunities, according to Alison Wilkes, head of banking and payments, Europe at FIS.
“Where we see opportunities to grow our solution set and our reach for our customers – that’s key... read more
5th August 2019
With investment in UK fintech firms increasing year-on-year, market participants are debating just how new prime minister Boris Johnson might affect the industry.
“I believe the new PM is increasing the level of risk and, in the short-term, reducing the level of return. That’s a double-whammy. So, it’s highly likely that... read more
30th July 2019
Germany’s Federal Financial Supervisory Authority (BaFin) and other national competent authorities (NCAs) across Europe are looking to offer windows of flexibility to a payments industry struggling to meet the looming September deadline for strong customer authentication (SCA) under the second Payments Services Directive... read more