Global Payments & Transfers Insights

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KYC and liquidity issues halt real-time payment adoption

18th October 2019

Company: bobsguide
The lack of round-the-clock liquidity and the burdensome processes of know your customer (KYC) requirements are holding banks back from fully embracing real-time payments. So problematic are these issues that some banks have put their real-time payment projects on hold, according to Domenico Scaffidi business director at Volante Technologies,... read more
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Bobsguide Payments Rankings 2019 announced

23rd September 2019

Company: bobsguide
This year we have asked market participants to select who they believe to be the leaders in the payments and paytech industries, and votes flooded in across the board.  Payments has become a fast moving vehicle, driven by regulation, market forces and technological advances. New players are emerging while incumbents look to reinvent... read more
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Fragmented market and regulatory guidelines create Open Banking headache for PSPs

3rd September 2019

Company: TAS Group
Open Banking should have been a huge opportunity for Europe’s payment service providers (PSPs), but so far a lack of unified standards, the absence of harmonised fraud reporting requirements as well as the confusion around strong customer authentication (SCA) has caused great unrest for those within payments. In June, when the European... read more
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The future of payments is ISO 20022, how will you transition?

29th August 2019

Company: Finastra
The financial ecosystem as we know it is evolving. The world of payments is entering a new and exciting era that brings promise of modernization and flexibility brought on by the migration to the new ISO 20022 messaging standard. This transition will bring not only heightened opportunities but also challenges for banks, how will you ensure a smooth... read more
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Chinese crypto “no surprise”

16th August 2019

Company: bobsguide
News that a Beijing-backed digital currency is in the offing comes as no shock to the market, according to Daniel Scott, CEO at CoinCorner. “China has historically had a volatile relationship with Bitcoin, over the years they have banned then unbanned then banned and so on. It's been on their radar for years, so creating their own... read more
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BCR awards grants to drive lending and payments services

15th August 2019

Company: bobsguide
The Board of Banking Competition Remedies (BCR) has announced results of the Capability and Innovation Fund (CIF) Pool C grant process, which will see Modulr Finance, Atom Bank, Iwoca and The Currency Cloud Group receive £10m grants to expand and offer improved SME lending and payment services. Each organisation undertook an... read more
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GIPS 2020: Everything you need to know

13th August 2019

Company: StatPro Group
Global Investment Performance Standards (GIPS) are voluntary, ethical standards based on the fundamental principles of full disclosure and fair representation of investment performance. As investor expectations increase and product innovation develops, the standards are evolving to remain relevant and maintain their core purpose: ensuring... read more
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FIS looks for scale in Worldpay deal

6th August 2019

Company: bobsguide
The announcement of the closure of FIS’s acquisition of Worldpay last week is part of a continual expansion strategy into new markets and opportunities, according to Alison Wilkes, head of banking and payments, Europe at FIS. “Where we see opportunities to grow our solution set and our reach for our customers – that’s key... read more
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Market split on BoJo’s fintech factor

5th August 2019

Company: bobsguide
With investment in UK fintech firms increasing year-on-year, market participants are debating just how new prime minister Boris Johnson might affect the industry. “I believe the new PM is increasing the level of risk and, in the short-term, reducing the level of return. That’s a double-whammy. So, it’s highly likely that... read more