P20 Calls for Enhanced Public and Private Sector Data Exchange to Tackle Rising Fraud Levels
Fraud levels continue to rise, costing consumers in the US and the UK billions each year. While it is clear the financial sector must enhance its defence against fraudsters, it appears current levels of collaboration are not enough – and more must be done to protect consumers. In response, Payments 20 (P20), the voice of […]
Dubai Introduces Key Initiatives to Strengthen its Fintech Ecosystem
Dubai takes centre stage this week as it hosts one of the world’s largest start-up showcase, Expand North Star. With more than 1,800 startups hailing from over 100 countries, backed by a roster of 1,000 investors overseeing an astounding $1trillion in assets, the event shines a spotlight on Dubai’s growing significance in the global tech […]
Authorised Push Payment Fraud: Are PSPs Ready for Reform?
After the Financial Services and Markets Bill received royal assent on 29 June 2023, the Payment Systems Regulator (PSR) obtained new powers to direct Payment Services Providers (PSPs) using Faster Payments to fully reimburse victims of authorised push payment (APP) fraud, with the reimbursement requirement coming into force next year. Tommaso Scarpa, head of financial […]
Cards Are Still a Merchant Favourite Despite Alternative Payment Growth Finds Payments Europe
Safety and security are the main priorities for merchants when choosing between payment methods as 72 per cent of European merchants prefer cards over other payment methods, reveals Payments Europe, the paytech experts. The Safety, Convenience and Choice: The True Value of Cards report is based on a survey of 1,560 merchants working in physical and […]
DATE Fintech Show: Shaping Saudi Arabia’s Financial Tech Future
Saudi Arabia’s fintech sector is poised for a major transformation, and the spotlight is on the upcoming DATE Fintech Show, scheduled for 11 and 12 December at the JW Marriott Hotel in Riyadh. Global fintech innovators, industry leaders, investors, and policymakers are coming together for this two-day event to chart the course of Saudi Arabia’s […]
How JustGiving is Leveraging Open Banking With GoCardless Amidst the Cost of Living Crisis
Rising interest rates, high levels of inflation and a rapidly rising cost of living have forced everyone in the UK to keep a much closer eye on their expenditures. While the struggles felt by individuals, families and SMEs have remained the most discussed and received the most headlines, charitable organisations are also feeling the crunch. […]
UK Banks Are Failing SMEs Needing External Finance; Threatening ‘Rise in the Number of Insolvencies’
UK banks appear to be growing increasingly reluctant to lend to SMEs, with 67 per cent of UK SMEs believing they are less willing to lend to them today – increasing to 71 per cent for SMEs with a turnover between £1million and £5million. Data from research by independent SME funder, Bibby Financial Services, also […]
Standard Chartered Report Reveals Key to Accelerating Intra-Africa Trade
The African Continental Free Trade Area (AfCFTA) has the potential to increase African exports, which are already estimated to reach almost a trillion USD by 2035, by 29 per cent according to Standard Chartered, the multinational bank. This represents an annual growth rate of around three per cent from now until 2035 reveals the report. […]
Finance Leaders’ Unwavering Focus on AP Digitisation: MineralTree Report
Finance leaders are maintaining their unwavering commitment to digitising accounts payable, marking the third consecutive year of prioritising this transformation, as highlighted in the MineralTree 2023 State of AP Report. This annual report provides insights into back-office finance operations and an overview of how businesses are navigating economic uncertainty while striving to streamline their accounts payable […]
Croatia Partners With Montran to Successfully Modernise its Capital Markets Infrastructure
In partnership with Montran, the payments, cash and liquidity management solution provider for banks, Croatia has officially launched its new Central Securities Depository (CSD) platform, enabling the commencement of operations on the European securities settlement platform, TARGET2-Securities (T2S). On 11 September 2023, the Central Depository and Clearing Company of Croatia, also known as Središnje Klirinško […]
