Sergio Barbosa CIO of Global Kinetic, and CEO of FutureBank. at Global Kinetic and FutureBank
Technology investment has continued apace and, according to Gartner, IT spending in the banking and investment services market is forecast to increase by 8.7% in 2024 and is expected to reach $1 trillion by 2028. But even with all this money being thrown at IT, many Financial Institutions (FIs) are still unable to deliver the innovation they need...
1 hour /payments /retail Banking Architecture
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
Launched in July 2023, the Federal Reserve's FedNow service has been a game-changer in the U.S. payments landscape. As we mark its first year, it’s crucial to understand its impact on financial transactions, especially within the fintech sector. With over 900 financial institutions onboarded, including major players like Chase and Wells Fargo, FedN...
14 August 2024 /payments /retail Banking Strategy, Digital and Transformation
Nicholas Holt Head of Solutions and Delivery, Europe at Marqeta
As more people use smartphones and other mobile devices to conduct their daily lives, mobile payments are becoming increasingly popular, for example, research suggests that over half of US and UK consumers had used a mobile wallet in the last 90 days. Simultaneously, consumers across geographies expressed a growing comfort with the idea of a c...
14 August 2024 /payments
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
Internet services or electronic devices that enable online transactions are known as electronic wallets or e-wallets. Because these payments may be made using a computer or smartphone, they offer a useful replacement for traditional payment methods. Digital wallets are only as good as their software, encryption, and authorization processes. These ...
12 August 2024 /payments /markets Fintech World
Donica Venter Marketing coordinator at Traderoot
Fintech has revolutionized the banking and payments sectors, significantly contributing to economic growth across many countries. By leveraging the internet and user-friendly smartphones, fintech firms have made financial services more accessible, delivering them directly to consumers with just a tap of a button. However, while fintech companies a...
12 August 2024 /payments /retail Banking
Dmytro Spilka Director and Founder at Solvid, Coinprompter
Research predicted that hacks and data breaches will cost the global economy over $9.5 trillion by the end of 2024. This comes as fraud attempts and phishing attacks are increasing and getting more sophisticated, mainly due to the increase in online transactions. The payment industry facilitates the exchange of money for goods and services and i...
11 August 2024 /payments
Sean Forward UK CEO at payabl.
Open Banking users just hit 10 million in the UK. Despite a slow start, adoption is steadily increasing, showing a reasonable rise in both users and transactions. But given its much-anticipated potential, shouldn’t we expect more? The cost-effective payment rails help balance out rising costs, and access to data to boost the consumer experience – ...
08 August 2024 /payments
Brandon Spear CEO at TreviPay
In a growing digital economy, geographical boundaries aren’t a barrier anymore which intensifies competition. For companies ready to take on the challenge of global expansion, a powerful and secure e-commerce platform is essential. With 80% of B2B sales interactions projected to shift online by 2025, the race is on to streamline digital channels ...
06 August 2024 /payments /predictions Payments strategies 2015-2020-2030
Henrik Grim CEO and Co-founder at Mimo
With Keir Starmer’s feet firmly planted under the Cabinet table, one of his first focuses will be on boosting growth. That six-letter word will be the driving force behind his achievements in Number 10, and at the heart of his economic success must be the UK’s small businesses and the fintech sector. According to the Federation of Small Business, ...
05 August 2024 /payments /startups UK Faster Payments
Both consumers and organizations need to comprehend the payment trends and preferences in Egypt and the United Arab Emirates. Due to the COVID-19 pandemic, digital reforms, and central bank activities, both countries are experiencing notable shifts in their payment networks. UAE's Top Payment Methods And Trends 1. Decline in Cash Use: The United ...
05 August 2024 /payments Digital Bank Transformation
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