Sat.Jul 13, 2024

article thumbnail

Moneyhub Urges Firms to Leverage Open Data to Ensure Consumer Duty Compliance

The Fintech Times

With Consumer Duty’s next deadline looming, new research from engagement, data and customer journey platform Moneyhub reveals just how much work firms still have to do before they realise the business and consumer benefits of the Duty. A year on from the introduction of the Financial Conduct Authority’s (FCA) Consumer Duty obligations, as many as two-fifths of customers have not noticed any changes to their treatment, says Moneyhub.

article thumbnail

The Boundaries of Cross-Border Transactions Will Shift-AI and Remittances

Finextra

Let’s talk about AI and remittances. Despite the enormous size and tremendous importance of the mone.

article thumbnail

KPMG Unveils Reporting Hub to Support Businesses Struggling to Ensure They are ‘Clear on Climate’

The Fintech Times

KPMG has launched a new ‘Clear on Climate’ reporting hub, which will provide insight and guidance to organisations looking to better understand how to best report on climate-related matters. As the general public becomes increasingly interested in how companies report on net-zero commitments and climate-related issues caused by climate change, regulator and stakeholder scrutiny of financial reports is also on the rise.

Audit 64
article thumbnail

ClearScore Unveils Debt Consolidation Loan Tech, Reducing Interest Paid by Borrowers

The Fintech Times

ClearScore , the financial services marketplace, is developing new debt consolidation loan technology to support financially vulnerable people in the UK, after securing funding from Fair4All Finance. The new loan proposition, dubbed ‘Clearer’ by ClearScore, enables direct settlement of consumer debts, unlike many other debt consolidation loans, eliminating the risk that the funds are not used to pay off existing credit cards and loans.

article thumbnail

From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

article thumbnail

How Are Fintechs Helping Firms Track Their Carbon Footprints?

The Fintech Times

Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change. Having explored some of the biggest obstacles fintechs face as they look to achieve net zero, and which countries’ fintechs are having the biggest impact

FinTech 59
article thumbnail

Financial Inclusion and the Rise of QR Payments in Asia

The Fintech Times

Asia, a region known for its economic diversity, ranging from wealthy nations like Singapore, Japan, and South Korea to emerging powerhouses like China and India, has demonstrated notable unity in embracing financial inclusion. A significant aspect of this trend is the widespread adoption of financial technologies, particularly QR codes, which enable customers to make payments using their smartphones by simply scanning a QR code.