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Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
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1. Introduction It is no secret to many scholars and stakeholders in the banking industry that technology is quickly reshaping the sector. Indeed, technological advances have given rise to what today has come to be known as realtime payments. Essentially, realtime payments refer to electronic payments that are almost instantly settled once they ar...
15 February 2024 /payments /wholesale
1. Introduction Today, real-time payments are being revolutionized by Artificial Intelligence. This is a significant change for the better, because previous ways of making payments have been increasingly problematic. Fraud has been a rising issue in recent years, as current fraud detection methods focus on finding known threats and identifying tre...
Rasmus Oisma Co-Founder at Montonio
The payments evolution can be traced back to the early 90’s with the online sale of a Sting CD, the first-ever known e-commerce transaction. It was a transaction that oversaw the birth of a new era in online shopping, setting the stage for ‘every step’ the industry would take thereafter. In August 1994, a 21-year-old entrepreneur named Dan Kohn, ...
08 February 2024 /payments
Jamel Derdour CMO at Transact365 / Nucleus365
In the last decade, China has witnessed an unprecedented transformation in its payment landscape. From a country heavily reliant on cash transactions to a global leader in digital payments, the growth of online payments in China has been nothing short of remarkable. This digital revolution has been driven by a combination of technological innovati...
30 January 2024 /payments /markets
Fatemeh Nikayin Co-Founder at Rivero
The integration of large language models (LLMs) like GPT-4 in regulatory technology (RegTech) and payment systems marks a new era in the financial sector. With their advanced language processing capabilities, these models have already generated a lot of buzz. They are set to revolutionise how financial institutions manage compliance, risk, custom...
17 January 2024 /payments /regulation
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Every business inevitably engages in a checkout journey. In B2B contexts with low-volume but high-value transactions, this can be a lengthy, manual process. Nevertheless, the same three key steps can always be identified: Finding and Selecting a Product or Service Collecting and Delivering the Product or Service Paying for the Product or Servic...
10 January 2024 /payments /predictions
In our increasingly digitalised world, the way we transact is undergoing a profound transformation. Real-time payments, often referred to as instant payments, are at the forefront of this revolution. These systems allow individuals and businesses to send and receive money instantaneously, 24/7, 365 days a year. As real-time payments gain traction,...
04 December 2023 /payments /predictions
In this rapidly evolving digital landscape, there has been an unprecedented proliferation of payment methods, each designed to cater to ever-evolving needs for convenience and speed. However, this hasn't come without its own set of complications – namely, the rise in payment disputes. As fraud rates surge at an alarming pace, it has become impera...
22 November 2023 /security /payments
Pete Lord CEO and Co-founder at Codat
B2B payments is rapidly evolving as the new battleground for foreign exchange providers. It has the fruitful combination of delivering consistently high growth but remaining relatively untapped, as a significant chunk of business payments still flow through traditional banks. Growth in the B2B sector in FX payments widely outpaces other business ...
30 October 2023 /payments /predictions
In today's interconnected world, the ease and efficiency of cross-border financial transactions have become pivotal to businesses and individuals alike. The growth of global payouts has transformed the landscape of international commerce and personal finance. This article delves into the factors driving the growth of global payouts and their signi...
18 October 2023 /payments /markets
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