Global Payments & Transfers Insights

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Open Banking regulators have failed to "pull the banks to order"

13th December 2018

Company: bobsguide
The UK’s Open Banking regulators have failed to hold banks accountable to the Open Banking initiative, says Shefali Roy, chief compliance officer of TrueLayer and former CCO at Stripe. "Like human beings, when you are forced to do something, you really don't want to do it. They [the banks] have now come to the party in the sense... read more
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Higher fees for non-3DS compliance as deadlines loom

11th December 2018

Company: TAS Group
The global rollout of EMVCo’s Three-Domain Secure protocol (3DS) continues in earnest as the card networks impose geographic deadlines for the implementation of 3DS2 (3DS 2.0, as it is also known) by 2019 and 2020. In the meantime, the card networks will take the stick to straggler merchants and issuers in the form of higher fees for... read more
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bobsguide Software Rankings 2018 winners announced!

11th December 2018

Company: bobsguide
We asked market participants to vote for their top fintech software providers for the year, and they obliged: the bobsguide 2018 Software Rankings voting system was inundated with votes from firms employing financial software solutions and now, we’re very pleased to announce those organisations that have really impressed their customers... read more
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Cash optimization with multi-currency and virtual accounts

11th December 2018

Company: BELLIN
In today’s global marketplace, treasurers face the increasingly complex task of managing a corporation’s liquidity. As multinationals expand their overseas operations, more and more bank accounts are being opened for different geographic regions, currencies, and business needs. With so many accounts, bank account structuring and... read more
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Swiss Re: DLT nowhere near interoperability

6th December 2018

Company: bobsguide
Interoperability of cross industry distributed ledger technologies (DLTs) may be the next logical step forward, but it is far from being realised, according to Jags Rao, director of DLT at Swiss Re. “We are not there yet, we are not even near. But, that is an opportunity where the tech industry can make progress,” said Rao at... read more
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Tandem COO: Challenger race “a marathon not a sprint”

6th December 2018

Company: bobsguide
Speaking at FinTech Connect this week, Nick Bennett, chief operating officer of Tandem, said the bank is well poised to win the challenger race, with others focused on restrictive business models. “This is more of a marathon than a sprint. Monzo have done a 100m dash, but over a longer race Tandem will start edging out. ... read more
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Nationwide head of transformation: “We’re taking our time with Open Banking”

6th December 2018

Company: bobsguide
“Most people who are working on the Open Banking initiative would agree that the collective uptake rate has been less than expected,” said Matt Perks, head of transformation at Nationwide, during a presentation at Fintech Connect outlining the building society’s approach to Open Banking. Open Banking continues to dominate the... read more
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Interoperable APIs to help fuel financial inclusion, not blockchain

6th December 2018

Company: Trulioo
Since its inception, it has been a core tenet of a decentralised blockchain to bring citizens from developing countries into the global financial system and the greatest advocates continue to push the same message, arguing that an immutable ledger of proof would stamp out fraud, and serve as an ultimate record of global identity verification. ... read more
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Barclaycard's Kerigan: Retailers hesitant to embrace Open Banking opportunities

28th November 2018

Company: bobsguide
Retailers are showing signs of reluctance to the payment innovations enabled by Open Banking according to Nick Kerigan, managing director of future payments, Barclaycard. “I think they [retailers] are being cautious and prudent in the sense that they want to explore the benefits, but they also have clear incumbent payment methods, which... read more