Banks and Fintechs Are Global Leaders in Payments Innovation, Study by  ACI Worldwide and Ovum Reveals
Sep11

Banks and Fintechs Are Global Leaders in Payments Innovation, Study by ACI Worldwide and Ovum Reveals

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, and leading global research firm Ovum today launched the Culture of Innovation Index, a global cross value chain view of the factors that drive success across the banking, intermediary, merchant and corporate sectors.* The Index identifies five types of organizations, as defined by their approach to innovation and business transformation...

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Cashless courage
Sep10

Cashless courage

  SMEs in South East Asia are understandably jittery about going cashless. Jasmin Ng, Group Head of Cash Product Management at DBS Bank, explains what it’s doing to calm their nerves   In the past two years, global ecommerce and, consequently, fintech, has been eyeing the South East Asian markets with hunger. Ecommerce in the region has experienced explosive growth but, compared to elsewhere, the payments ecosystem that...

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Circle of trust
Sep09

Circle of trust

It’s no secret that SMEs struggle to access credit. But innovative financial utility Banking Circle wanted to know why and what impact financial exclusion had. So, it asked them… and concluded that a new approach was needed Every company was once a startup, an SME, a financial unknown and high-risk investment opportunity. For some, growth has taken many decades of prudent business decisions and gradual expansion. However, in the much...

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The inside track on payments rails
Sep06

The inside track on payments rails

Ebru Pakcan, Treasury and Trade Solutions Head for Citi, explains why SWIFT and blockchain both have roles in improving corporate payments   Instantaneous everything is fast becoming the norm in the consumer financial services space, but less so in the B2B world of corporate finance. A previous lack of demand combined with the lack of a technological hook to hang them on, mean institutional payments, and particularly cross-border...

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Mastering the  art of digital
Sep04

Mastering the art of digital

BNY Mellon’s Senior Executive Vice President and Head of Digital, Roman Regelman, has assembled a crack team to propel the bank’s digital transformation to the next level   In a business climate driven by strong digital forces, disruption and rapid innovation, every company is now a technology company – or, at least, it’s striving to become one. Customers are demanding new methods of engagement that are contextual and tailored...

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View from the top
Sep03

View from the top

Having kept a watching brief on potential applications for artificial intelligence, machine learning and blockchain in financial services, SmartStream announced towards the end of 2018 that it was to open two new innovation labs. Here, SmartStream CEO Haytham Kaddoura talks technology, strategy and company culture THE FINTECH MAGAZINE: There’s been a lot of expectation around what artificial intelligence (AI) and blockchain can...

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NO SWEAT!
Sep02

NO SWEAT!

The tiny city-state of Singapore has a big reputation when it comes to fintech acceleration. As Chief Data and Transformation Officer for DBS – one of the largest and best known of the South East Asian banks based there – we asked Paul Cobban how it keeps up   The Fintech Magazine: DBS has been busy re-engineering its services to be predictive and pre-emptive of customer needs, based on better collection and interrogation of...

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TFM: Finding Nirvana
Aug22

TFM: Finding Nirvana

Phil Hong, head of EMEA Channel Services for Treasury and Trade Solutions at Citi ponders the benefits and challenges raised by migration to a Cloud environment Citi’s technology chiefs have been outspoken in describing the digital watershed represented by the ‘ABCs’ of artificial intelligence, blockchain and Cloud computing as an ‘extinction event’ if they are not embraced by established institutions. Citi has been sizing up the...

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TFM: A secure stairway to heaven
Aug21

TFM: A secure stairway to heaven

    As the financial services industry migrates from the physical to the ethereal, Peter Martini, President of iBoss, explains why it’s important not to leave your security back down on earth Forced by the seemingly endless growth of data worldwide, the financial services industry is gradually joining the virtual mass exodus from terra firma to Cloud-based hosting. The problem comes, according to Peter Martini, president of...

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Disruptive marketing examples in financial services
Jul29

Disruptive marketing examples in financial services

The financial services sector hasn’t always enjoyed the most dynamic image with its marketing. Insurance providers, global banks and loan and credit card specialists have sometimes faced internal cultural or external regulatory barriers to their efforts to launch the kind of agile and innovative marketing campaigns that many of us have become accustomed to from other sectors.  However, all of these restrictions can also make the most...

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Weary eyes and fictitious faces: why fingerprints are best for biometric authentication
Jul19

Weary eyes and fictitious faces: why fingerprints are best for biometric authentication

David Orme, Senior Vice President at IDEX Biometrics ASA Biometric technology is already revolutionising both physical and cyber-security in the UK. While the latest breakthroughs are impressive, we’re only just touching the tip of the iceberg. Regardless of which method we’re using – whether it is fingerprint, facial, retinal or voice recognition solutions – there is no escaping the fact that biometric developments have been...

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Apply Financial and Currencycloud partner to remove customer friction from cross-border payments
Jul19

Apply Financial and Currencycloud partner to remove customer friction from cross-border payments

Apply Financial, the specialist payments validation company, has announced a new partnership with Currencycloud. Using Apply Financial’s Validate API, the deal will enhance Currencycloud’s mission to remove the complexity of international payments, allowing businesses to focus on delivering a great experience for their customers. With a network of nearly 40 currencies being paid cross-border to more than 180 countries, beneficiary...

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Trulioo’s Releases Brand New Parody Music Video, “Get Verified”
Jun27

Trulioo’s Releases Brand New Parody Music Video, “Get Verified”

Trulioo, the leading global identity verification provider, has launched its third parody music video – Get Verified, a take on the Bee Gee’s classic “Stayin’ Alive”.  The video chronicles the journey of an aspiring entrepreneur with ambitions to become a fashion icon and launch her own clothing line. Many of today’s entrepreneurs are digital natives who have come to expect the speed and convenience afforded by modern technology....

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Nils Elmark: Why financial executives need to dream bigger dreams
Jun27

Nils Elmark: Why financial executives need to dream bigger dreams

By Nils Elmark, consulting futurist, Incepcion Ltd., London I don’t particularly like the word ”disruption”. It’s not positive to get disrupted while you are busy. Yet the word has been closely related to FinTech startups the last 5-6 years and the disruption of the incumbent banks and not least their employees have been grave. More than half a million bank-jobs in Europe have disappeared and the trend continues. The...

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APMs for B2B payments – buzzword or next big thing?
Jun25

APMs for B2B payments – buzzword or next big thing?

Despite delivering convenience, speed and a better user experience in the consumer payments market, alternative payment methods (APMs) feature less prominently in the world of B2B transactions. It’s high time this changed, argues Pat Bermingham, CEO, Adflex. To understand why APMs are become increasingly important in B2B payments, let’s first clear up some confusion:What are APMs? APM is a catch-all term to describe any payment method...

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The Rise of the Merchant Cash Advance
Jun18

The Rise of the Merchant Cash Advance

Bank Loans to SME’s is Declining Oxford Economics recently published research titled “the big business of small business”, which states bank lending to SME’s has fallen 3% since 2015. This is in the face of a rise in credit provisions to large companies of 43%. The report states that SME’s are being given the ‘cold shoulder’ resulting in an impact on recovery against small businesses. Sam Moore, Managing Director of Oxford Economics,...

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Event Review: The Effect of Women on Software
May15

Event Review: The Effect of Women on Software

The split between men and women in the UK workforce may be close to fifty-fifty, but finding a female software anything is a rare sighting. There are only 4 per every 100 male software developers, and women make up no more than 19% of the digital tech workforce, according to official reports.  For all the talk of International Women in Engineering Day, girls-only hackathons, and broken glass ceilings, the UK has the lowest proportion...

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Payments for Breakfast Summary
Apr23

Payments for Breakfast Summary

Fiona McFarlane heads over to St Pauls, London to attend ACI Worldwide and SWIFT’s Payments for Breakfast Conference! Check out her vlog to learn how today’s leading institutions are working together to problem solve cross-border payments and get everyone onboard with SWIFT gpi. Find out where the next International #Payments for Breakfast will be here!...

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HPS PowerCARD Users Meeting
Mar28

HPS PowerCARD Users Meeting

Fiona McFarlane, heads over to Marrakesh to attend the PowerCARD Users Meeting! In this vlog, you get a great in-depth detail about the open banking, API’s, development in Africa, payments, regulation and so much...

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