Global Payments & Transfers Insights
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
26th July 2019
Despite the encroaching September deadline for strong customer authentication (SCA) under the second Payments Services Directive (PSD2), merchants and payments market participants are equally concerned about the ramifications of the already-mandated General Data Protection Regulation (GDPR), according to Chris Kronenthal, chief technology officer... read more
19th July 2019
A recent study found that 4.4% of the UK population were gig economy workers between 2017 and 2018. This explains the emergence of so many gig economy platforms, eager to serve a consumer’s every need. But not all gig economy platforms that are launched succeed.
Although the gig economy model has successfully disrupted some markets... read more
18th July 2019
Foreign exchange and payments firms have upped their game significantly in recent years, with a handful of big players diversifying and looking for new opportunities. Looking to evolve in the marketplace, Moneycorp, which also provides hedging and risk management consultancy services, united its global operations on a single digital platform with... read more
15th July 2019
The market for treasury management solutions has changed dramatically over the course of the past few years. From technological advances – such as the proliferation of the cloud – to the way the treasury function has changed in recent times, corporate and bank treasurers find themselves with a wealth of options to choose from.
But... read more
10th July 2019
An increasing number of fintech initiatives and sandboxes is complicating attempts by fintech startups to reach key bank contacts, according to Fabian Vandenreydt, executive chairman at B-Hive.
“There is a multiplicity of initiatives, sandboxes at all levels and a lot of innovation hubs in all directions. Every country has its... read more
4th July 2019
Changing expectations among Small and medium enterprises (SMEs) will force banks to acquire new technology and drastically change their development culture, according to Louis Carbonnier, co-founder of SME insurance firm Hokodo.
SMEs have at times been left in a no man’s land, without insurance, funding, or proper services, says... read more
4th July 2019
Anti-money laundering (AML) Suspicious Activity Reports (SARs) are of poor quality due to the reliance on manual processes, according to Martina King, chief executive officer of Featurespace.
“I think the problem is that so many of the systems and processes around AML are manual. The promise of machine learning is that you should be able... read more
2nd July 2019
Funding for payments companies reached a high of $12bn in 2018, according to statistics from Accenture, while fintechs in the sector accounted for 24% of all venture capital funding in the US. From machine learning for fraud detection to credit card issuance and college tuition conversion, there are a wide range of companies to keep an eye on as we... read more