Data Solutions Insights

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Should payments businesses become consumer brands?

17th August 2018

Company: bobsguide
A recent Intrapay study into consumers’ ecommerce experiences revealed the key conundrum facing payment processors; the challenge of providing simpler payments while offering optimum security. Some 90% of the 650 respondents to the study reported that security is the most important aspect of their online payment experience. Yet four in... read more
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Major move towards production: Ripple's new US, Mexico and Philippines liquidity hubs

16th August 2018

Company: bobsguide
Cross-border payments company Ripple has today announced partnerships with Bittrex, the digital asset exchange for xRapid through US dollars, Bitso, the digital asset exchange for Mexican Pesos, and Coins.ph digital asset exchange for Philippine Pesos.  This year, Ripple has been busy forging partnerships with... read more
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UK's FCA/CMA banking surveys: fintechs given crucial market intelligence

16th August 2018

Company: bobsguide
As reported yesterday, the UK's Financial Conduct Authority (FCA) has enforced new rules requiring providers of personal and business bank current accounts to publish information on service quality twice yearly that will help customers to compare accounts from different providers. The survey data from the Competition & Markets Authority... read more
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BoE: "Synchronisation innovative step for new Real-Time Gross Settlement"

15th August 2018

Company: bobsguide
The Bank of England (BoE) is looking to work with a range of organisations, including fintech firms, to explore the demand for implementing synchronised settlement in the renewed Real-Time Gross Settlement service.    During 2018 the Bank engaged with financial institutions, infrastructures, trade bodies, policy makers and fintech... read more
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FCA and CMA release UK bank scores in line with Open Banking

15th August 2018

Company: bobsguide
The UK's Financial Conduct Authority (FCA) and Competition & Markets Authority (CMA) has released data on quality of service for the first time, marking a historic step for Open Banking and putting a mass of customer data in the hands of fintechs and comparison websites.  From today, banks must publish information on... read more
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Top fintech mergers, acquisitions and partnerships of summer 2018

14th August 2018

Company: bobsguide
It's been a busy couple of months this summer for the fintech market. Here, we've recorded the top mergers, acquistions and partnerships since July 2018 in fintech, banking and payments. Tenemos, the banking software company and Venture lab at The American University in Cairo (August 13) Tenemos, the banking software company,... read more
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Distress around fraud hits UK payments market

14th August 2018

Company: bobsguide
Consumers view fraud as part and parcel of the ecommerce experience, leading to security concerns in the payment industry while simultaneously pressing home the huge opportunity of anti-fraud solutions. According to the research conducted by Paysafe, 65% of consumers believe payment fraud is inevitable when it comes to ecommerce, up from 52%... read more
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Employees aware of cyber threats but not acting upon it

13th August 2018

Company: bobsguide
Just 56% of UK firms believe they have sufficient cyber security skill in-house to deal with increasingly potent and mission critical cyber attacks. Databarracks’ annual Data Health Check Survey questioned 400 IT decision-makers on a series of critical issues relating to their IT, security and business continuity practices. “We... read more
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More than three quarters of Asia-Pacific firms fear regulatory risk

9th August 2018

Company: bobsguide
Investment in data analytics may be the solution to concerns around regulatory uncertainty for Asia-Pacific-based financial market firms, according to a new survey by AxiomSL. 76% of the survey’s Asia-Pacific-based market participants are more concerned this year than last about their ability to comply with regulations. ... read more