At EBAday 2019, a group of panelists discussed the likely future of instant payments in a world of open banking. The group noted that major progress is already being made …
Read More »Libra: everything you need to know about Facebook’s cryptocurrency
Facebook has announced a plan to launch its own cryptocurrency (Libra) next year. In fact, what they may be doing in launching Libra is actually creating a new financial system …
Read More »Apple Card review
With Apple Inc. starting the rollout of its brand-new Apple Card and its availability expected to reach more than 40 countries by the end of the year, we wanted to …
Read More »G20 countries discuss new tax system for large internet companies
At a meeting of the financial heads of G20 countries in Southwestern Japan, a discussion was held on developing a new tax system for large internet companies such as Google …
Read More »BigTech’s impending banking invasion
With concerns of a BigTech “invasion” into financing reaching an apex, it seems appropriate to examine BigTechs’ interest in the financial sector: Why might BigTechs get into banking? – financial …
Read More »BigTechs threaten financial stability
According to Christine Lagarde, head of the International Monetary Fund (IMF), the entrance of BigTechs into the financial market could adversely affect overall financial stability. Ms. Lagarde specially mentioned concerns …
Read More »Top B2B FinTech Companies
B2B FinTech companies don’t often get the recognition of their B2C cousins; however, they play a key role in the future of financial services and deserve some acknowledgment. That being …
Read More »Q-Lana: a new tool to bolster MSMEs in emerging economies
Q-Lana, a U.S.-based FinTech company, was founded to develop the concept of knowledge-based lending as a way to help financial institutions overcome the challenges associated with broader MSME lending and, …
Read More »Pureplay digital operators to process USD 14 trillion in B2B payments by 2023
New data from Juniper Research suggests that B2B transactions processed by pureplay digital operators are likely to reach USD 14 trillion by 2023, up from USD 6.7 trillion in 2018. …
Read More »Amadeus, Mastercard, Elavon test B2B payments plan with Thai Airways
Amadeus (a Madrid-based travel reservations provider) is teaming with Mastercard and Elavon (the payments unit of U.S. Bancorp) to launch a B2B payments plan with Thai Airways and Sweden’s Select …
Read More »Bankers expect open banking to increase profits 10-20%
According to a new study from Accenture, bankers expect that open banking will lead to a growth in revenue of 10-20%. This thought it bolstered by the fact that commercial …
Read More »3 key areas for a future with open banking
As open banking continues its path toward offering consumers greater financial products and services, it is interesting to consider what things are necessary for open banking to become the new …
Read More »8 in 10 millennials ready to switch away from banks
FinTech players and challenger banks are at the forefront of capturing the millennial market as 8 in 10 millennials now state that they are ready to switch from using banks …
Read More »Open banking for the corporate sector
Recently, Accenture surveyed more than 650 businesses as well as 100 global banks to get their take on open banking for the corporate sector. The survey found that 77% of …
Read More »First-ever open banking service to help people get out of debt
AccountScore, together with The Insolvency Panel, has announced the launch of the first ever open banking service designed to help people get out of debt. The service auto-populates consumer income …
Read More »New platform makes financial products easier
A new platform called Goodfin now serves as a single access point for consumers looking for financial service providers such as banks and microfinance institutions (MFIs). Goodfin differs from similar …
Read More »Lack of available talent amid boom of interest in blockchain
Recent interest in blockchain has led to an explosion of blockchain vacancies. But this boom can make it difficult to attract qualified talent. This problem is only exacerbated by the …
Read More »Universities worldwide facing increased cryptocurrency and blockchain demand
According to a recent study, well-known universities around the world are facing an increased demand from students for courses and information on cryptocurrencies and blockchain. In response, universities have started …
Read More »LendingClub’s fall from rock star status
Not long ago, LendingClub was the brightest star in the rapidly-growing world of online lending. With shares having dropped two thirds in two months, the company now has investors nervous. …
Read More »FinTech vs. regulations: can they learn to better coexist?
FinTech startups continually create new, innovative solutions to modern financial issues, taking advantage of technology advances to make lives easier and business processes better. However, they are often at odds …
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