Five years after its introduction, new research shows that many consumers still don’t fully understand the concept of open banking, or "open bank data." Initially introduced through legislation in 2018, the concept of open finance has now expanded globally. However, a UK study discovered that 58%
Businesses and consumers alike must adapt to the ongoing move away from physical payment methods. Fintech trends like Near-Field Communication technology and virtual cards have transformed how transactions take place, offering payers more security and enabling more frictionless buying experiences.
The landscape of financial fraud has transformed significantly over the last five years, with more dramatic changes than the preceding three decades combined. As the world becomes increasingly digital, interconnected, and instant, monetary crimes evolve into sophisticated, global enterprises. Banks
For the financial industry, 2024 is ending off on a positive note. Mergers and acquisitions picked up pace throughout the year, and the economic signals indicate that deal-making will accelerate in 2025. This is according to insights from Stephan Feldgoise and Mark Sorrell, co-heads of global
Meeting the digital moment in banking In modern times, the digital-first customer expects more from every interaction, including those with their bank—convenience, security, and seamless service are just the starting points. But with the rise of fintech companies and the demand for a unique touch
Today's banking industry is experiencing intense changes mainly due to increased technological advancements, customer needs, and new regulations. During the last decade, banks have explored non-branch models, and they have focused more on online banking strategies — trends that could become even
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