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Category: Channels


Channels

Saudi Central Bank debuts new open banking framework

November 7, 2022

Via: FinTech Futures

The framework includes a comprehensive set of legislation, regulatory guidelines and technical standards based on international best practices to enable banks and fintechs to provide open banking services in Saudi Arabia as early as Q1 2023. The move forms part […]


Channels

How to Move Older Customers to Digital Banking Channels

October 28, 2022

Via: Bank Director

The Covid-19 pandemic altered how Americans conduct financial transactions, with many making a permanent shift to digital channels. However, one age group still is a holdout. Baby boomers, ages 58 to 76, didn’t flock to digital channels, especially mobile banking, […]


Channels

Africa’s Cellulant partners Mastercard for online e-commerce payments

October 26, 2022

Via: FinTech Futures

The move will allow customers to make global online payments with a Mastercard virtual card linked to Cellulant’s digital wallet offering Tingg. Tingg is a single API payments platform that enables businesses to collect online and offline payments while allowing […]


Channels

Goldman Sachs and Modern Treasury partner for embedded payments initiative

September 16, 2022

Via: FinTech Futures

Modern Treasury’s flagship Payment Operations platform will provide mutual clients with an integrated money movement solution, with payments powered by TxB. “Modern money movement is software driven,” comments Dimitri Dadiomov, Modern Treasury CEO and co-founder. “Goldman Sachs understands software developers.” […]


Channels

Revolut launches new one-click payment solution

September 14, 2022

Via: FinTech Futures

The challenger says its new product will make online shopping “even easier as it facilitates direct payments” which will be validated through Face ID or fingerprint unlock, with no account numbers being shared. Revolut Pay can be used by Revolut […]


Channels

Global Retail Pos Terminals Market to value USD 60 Bn by 2030, Predicts Global Market Insights Inc.

September 12, 2022

Via: PR Newswire

The Retail Pos Terminal Market revenue is expected to cross a valuation of US$ 60 billion by 2030, according to latest research study by Global Market Insights Inc. The growing customer inclination towards cashless transactions as a leading factor driving […]


Channels

How open banking payments will help businesses keep up

August 22, 2022

Via: FinTech Futures

With our research finding that 20% of UK consumers reported the pandemic changed the way they think about paying for products and services, it’s no wonder that open banking is taking centre stage. Open banking is accelerating innovation within the […]


Capital and Risk, Channels, Operational

Why central banks need to engage the private sector on CBDCs

July 11, 2022

Via: FinTech Futures

As more governments consider launching a central bank digital currency (CBDC), they face many important questions: Why create a digital dollar, euro, or rupee? What technology best fits that purpose? How might a CBDC affect competition in the market? Policymakers […]


Channels, News

Daxsen Group to launch new digital bank in Ecuador

July 1, 2022

Via: FinTech Futures

With Daxsen Bank, the firm intends to reduce operational and transactional costs to “revolutionise” the country’s banking sector. “This is intended to be a digital bank that will open accounts at no cost and improve banking operations through the management […]


Channels

eCommerce Payment Market Size to Grow USD 11582400 Million by 2028 at a CAGR of 11.5% | Valuates Reports

June 8, 2022

Via: PR Newswire

The Global eCommerce Payment Market is Segmented by Type (Real-Time Bank Transfers, Offline Bank Transfers, Cash on Delivery, Direct Debits, eInvoices, eWallets, PostPay, PrePay, Prepaid Cards), by Application (Commercial, Banks, Finance): Opportunity Analysis and Industry Forecast, 2022–2028. The global E-Commerce […]


Channels

Why Embedded Finance Is the Next Area of Digital Revolution

May 24, 2022

Via: Bank Director

The four decades after the internet made information readily accessible has led to inventions and innovations like smart devices, mobile apps and the ability to be constantly connected. Today, companies are focusing on harnessing technology to build smoother, richer and […]


Channels

The Future of Banking in the Metaverse

May 19, 2022

Via: Bank Director

From Nike’s acquisition of RTFKT to Meta Platform’s Chairman and CEO Mark Zuckerberg playing virtual pingpong, the metaverse has evolved from a buzzword into a way of doing business. The metaverse could become a “river of entertainment in which the […]


Channels

Is Crypto the Future of Money?

May 11, 2022

Via: Bank Director

Regardless of their involvement in the financial services industry, anyone paying attention to the news lately will know that cryptocurrencies are making headlines. As the worldwide economy becomes less predictable, regulatory agencies are wondering whether cryptocurrencies could be used to […]


Channels

Banking’s Netflix Problem

May 6, 2022

Via: Bank Director

On April 19, Netflix reported its first loss in subscribers — 200,000 in the first quarter, with 2 million projected for the second — resulting in a steep decline in its stock price, as well as layoffs and budget cuts. […]


Channels

Future of Digital Payments: Mobile point-of-sale (mPOS) Industry

May 6, 2022

Via: TechBullion

The demand for mobile point-of-sale (mPOS) solutions is consistently rising over the past few years after the advent of various cashless technologies. The rising number of government initiatives that advocate cashless economy are further intensifying the need for effective and […]


Channels

Why Tokenization will be King in 2023

May 4, 2022

Via: TechBullion

Cryptocurrency has become an integral part of the global financial ecosystem, and as the blockchain space evolves, new niches, applications, and derivative technologies will continue to emerge over time. Every year, one of these concepts becomes the dominant narrative within […]


Channels

U.S. Bank, Apex Fintech Solutions to deliver real-time payments to brokerages

April 21, 2022

Via: Yahoo

U.S. Bank today announced a real-time payment collaboration with Apex Fintech Solutions (“Apex”) to provide greater speed and security to money movement between individual investors and broker dealers. Through its subsidiary Apex Clearing Corporation, Apex provides clearing and custody services […]


Activity, Channels, Investment Banking

Taxation of Cryptocurrency and Similar Transactions

April 20, 2022

Via: JD Supra

Whether you’re an investor expanding your portfolio to include digital assets such as cryptocurrencies and tokens, a business that uses cryptocurrencies to engage in everyday transactions, or a crypto “miner,” you need to keep in mind the tax implications of […]


Channels

Mastercard using AI, open banking to manage faster payments risk

April 12, 2022

Via: American Banker

Up to one out of every 50 ACH transfers fail, an issue that Mastercard contends can be addressed through a mix of new data-sharing techniques and machine learning. “With ACH payments there’s a latency in how they are processed; it […]


Channels

U.S. Bank pilots real-time payments app for car sales

April 4, 2022

Via: Banking Dive

U.S. Bank is piloting a new real-time payments application, teaming with car sales company Lithia Motors to offer a speedier way for consumers to sell their used cars from the driveway of their homes, the companies said in a press […]