Global Payments & Transfers Insights

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Market split on BoJo’s fintech factor

5th August 2019

Company: bobsguide
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
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European regulators prepare SCA flexibility for struggling industry

30th July 2019

Company: bobsguide
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
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FreedomPay CTO: GDPR still a concern as SCA deadline looms

26th July 2019

Company: bobsguide
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
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Is the ‘settlement gap’ to blame for gig economy platforms losing users?

19th July 2019

Company: Paybase
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
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Q&A: moneycorp US CEO Bob Dowd

18th July 2019

Company: bobsguide
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
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TMS providers struggling with corporate change

15th July 2019

Company: Analyste
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
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Banks and fintechs growing tired of innovation hubs

10th July 2019

Company: bobsguide
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
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SME expectations to force change in banks’ tech strategy

4th July 2019

Company: bobsguide
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
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Manual AML processes lead to poor quality SARs

4th July 2019

Company: Featurespace
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
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10 payments start-ups to watch

2nd July 2019

Company: bobsguide
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