Category: digital payments

Explore the RegTech Revolution

Welcome to the Google Bank – Your Everyday Banking from Google, NOT a Bank.

Google is the latest tech company trying to get a stronger footprint into financial services. The project is codenamed Cache, and the Alphabet subsidiary is expected to launch a checking account sometime next year. The accounts will be managed by Citibank, and a small credit union at Stanford University. According to Google, Citibank will handle the financial plumbing. In this regard, is…
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9th December 2019 0

For data compliance, banks and payment firms show signs of ‘getting it’

New data protection laws are changing marketing forever for merchants, payment firms and other companies. It started with GDPR, the EU’s landmark privacy regulation that ensured consumers must consent to receive digital communications from corporations. California is next: The California Consumer Privacy Act, modelled largely after GDPR, will go into effect Jan. 1, 2020. As…
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4th December 2019 0

Kaspersky Eyes to Tackle Crypto Crimes That Are Costing the Industry Billions

With the total market capitalization of cryptocurrencies estimated to be more than US$200 billion, it’s evident to industry observers that the crypto industry has been rapidly on the rise in recent times. Inevitably, with the rise, comes bad actors who see it as an opportunity profit from it in unscrupulous ways. In the first half…
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3rd December 2019 0

Top Fintech Trends Entrepreneurs Must Watch in 2020

Financial technology (fintech), for all of its faults, helps us get more things done more efficiently. Artificial Intelligence (AI) takes it even further, allowing us to conduct business and have conversations when there isn’t even another human involved. We can have online chats with bots, for example, to accomplish or learn a myriad things. Innovation is always on the…
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2nd December 2019 0

HSBC picks MuleSoft’s open-banking solutions in push to comply with PSD2 rules

Big lender HSBC has taken another step towards re-imagining its offering for the 21st century by leveraging MuleSoft’s application-building platform. The new partnership will see HSBC use the Anypoint Platform to build a digital banking platform with APIs that create better solutions for customers. Thanks to the partnership with the Salesforce company, HSBC has been…
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26th November 2019 0

The Bank of Google

In 1994, Bill Gates said: “We need banking, but we don’t need banks anymore.” So why hasn’t Bill Gates opened a bank? Well, because technology giants don’t really want to be banks. Banking has a lot of the audit and compliance overhead, that tech giants don’t need or want. Big tech companies, Microsoft and GAFAs (Google,…
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19th November 2019 0

The Paypers releases the Open Banking Report 2019

The Paypers has launched Open Banking Report 2019, which strives to offer the freshest and most robust insights into the global Open Banking landscape. The 2019 report clarifies the role of key key-players in a post-September 14th world and assesses how the landscape has shifted within Europe and beyond, highlighting trends that should shape the…
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12th November 2019 0

UK Contactless Payments Grow

New data from U.K. Finance shows that contactless payments in the country continue to grow. In fact, almost 50 percent of all debit card payments are contactless. In July of this year, cardholders in the U.K. made 1.5 billion transactions with their debit cards, which is a jump of 8.9 percent from the previous year.…
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18th October 2019 0

New Zealand just became the first country to legalize salary payments in cryptocurrencies

New Zealand now legally allow companies to pay salaries in cryptocurrency starting September 1, becoming the first nation to do so, according to a Financial Times report. The country requires the preferred cryptocurrency to be pegged to a standard currency and directly convertible into a normal form of payment. This stipulation allows bitcoin to replace…
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4th October 2019 0

AISPs: The Future of Money Management

Business models and tech aside, Open Banking companies look set to change the way we handle our cash Since the European Union introduced the second Payment Services Directive – or PSD2 – in January of last year, there’s been an explosion in the number of new financial technology companies entering the market. In the UK,…
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23rd September 2019 0