Open Banking Excellence

NOVEMBER 9, 2023

Since Open Banking launched in January 2018, seven million consumers and businesses have used it. The number of adults using Open Banking in the UK represents around 10% of the adult population. Each use case will be most suitable for one of these approaches, depending on the needs and outcomes created by product features.

Use Case 130

Use Case API Fraud Prevention Risk 130

The Fintech Times

OCTOBER 25, 2024

European banks and financial services players have fallen significantly behind those in the US in the embedded finance race, according to new research by payment consultancies PSE Consulting and The Strawhecker Group (TSG). ” The research also explores levels of demand for the full range of embedded products.

Embedded Finance 69

Embedded Finance Finance Consulting On-Demand 69

The Fintech Times

NOVEMBER 12, 2024

Generative AI (GenAI) is here to stay as firms across 25 different countries and 12 industries have noted the impact the technology will have on customer experiences, revenue and decision making according to new research from global management consultancy, Kearney. AI adoption requires a cultural shift toward experimentation.

AI 59

AI Use Case On-Demand Assessments 59

PYMNTS

JANUARY 30, 2020

PYMNTS research helps to paint the picture when it comes to real-time payments. That has not changed, according to PYMNTS research and reports. Progress on the RTP front is proceeding relatively quickly, PYMNTS research shows. Real-time payments are being adopted around the globe,” he said. Bigger RTP Trends.

RTP 58

RTP Use Case Real Time Payments Credit Union 58

FICO

JULY 12, 2020

Hot off the press today is a FICO-commissioned research study on artificial intelligence and how Chief Analytics Officers (CAOs) and Chief Data Officers (CDOs) are responding to the current pandemic, economic uncertainty, and renewed focus on social justice. 1 – Many Organizations Are Not Yet Monitoring their Predictive Models for Drift.

Research 52

Research AI Audit Government 52

The Fintech Times

MAY 7, 2024

In fact, less than a third of US banks are signed up to either RTP or FedNow , meaning the vast majority cannot offer instant payments as a service; new research from RedCompass Labs , the payments modernisation company, has revealed. The latest RedCompass Labs report, ‘ Time to leave legacy behind?

Instant Payments 59

Instant Payments FedNow RTP Zelle 59

Faster Payments Council

SEPTEMBER 23, 2023

Few use cases have the potential for growing volumes as do commerce payments yet paying a merchant with a credit push transfer isn't easy. Thise session envisions the art of the possible for commerce use cases in the U.S. Foundry Ballroom) Payment networks need volume to scale and keep costs low.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

PYMNTS

NOVEMBER 25, 2020

But Ranta added that when it comes to the consumer, the critical use cases that could spur wider adoption aren’t there quite yet. "We We have not seen the use cases or the digital overlay services rolled out,” he noted. "We We have not seen the use cases or the digital overlay services rolled out,” he noted.

Real Time Payments 114

Real Time Payments RTP FedNow TCH 114

Finovate

AUGUST 13, 2024

“This integration will unlock new use cases like on-demand entity resolution, enabling AI-driven automations and insights to streamline case investigations.” . “Combining our data matching and entity resolution solutions with Lucinity ensures financial institutions make the most of their data.

Financial Crimes 59

Financial Crimes Crime Compliance AI 59

Stax

MARCH 21, 2024

Research shows that the global software-as-a-service (SaaS) industry was valued at $248.76 Instead, SaaS applications are hosted on cloud computing networks and users can access their functionality on-demand through the internet. Generally, pay-as-you-go pricing options are available so you pay only when you use the software.

Payment APIs and Integration 88

Payment APIs and Integration Payment Gateways Payments Gateways 88

Fintech Finance

JANUARY 11, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, today published its latest research report, titled The Practicalities of Cross-Border Payments in a Faster Payments World. The post U.S.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Fintech Finance

APRIL 24, 2024

Splitit’s groundbreaking solution, FI-PayLater, enables FIs to connect directly into Splitit, or connect via their existing card network, to drive incremental lending and fee income from BNPL use cases. ” FI-PayLater changes the game by leveling the playing field.

BNPL 52

BNPL Issuers Payment APIs and Integration Card Issuer 52

The Fintech Times

APRIL 26, 2024

According to research from IFS , the global cloud enterprise software company, 84 per cent of executives anticipate massive organisational benefits to stem from artificial intelligence (AI). However, the research found that 34 per cent of businesses have not moved to the cloud.

AI 64

AI Research Product Innovation 64

Finovate

MAY 13, 2024

The week begins with a few research-related announcements in the fintech and financial services space. CB Insights announced the availability of its State of Insurtech report for the first quarter of 2024, and the Federal Reserve Board issued a summary of climate risk resiliences exercises conducted recently by a handful of big banks.

AI 119

AI Federal Reserve Underwriting Risk 119

PYMNTS

OCTOBER 15, 2020

There may be some tailwind, he said, as recent research has shown that the coronavirus can live for weeks on banknotes and other surfaces. Against that backdrop of moving away from paper payments, and toward ubiquitous real-time payments, TCH’s Waterhouse said there’s probably not a use case “that’s going to tip the scale here.”

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

Fintech Finance

FEBRUARY 27, 2024

Orbipay Payments Hub’s microservices-based architecture makes it possible for FIs to meet the growing demand for real-time payments while orchestrating payments through older rails, even with existing legacy systems.

Instant Payments 52

Instant Payments Payment Solutions ISO 20022 FedNow 52

The Fintech Times

FEBRUARY 26, 2024

The rise in digital-first, digital-only providers has introduced competition and fundamentally transformed customer expectations.The demand for seamless, secure, and personalised financial experiences is fierce. Orchestrate customer journeys The digital age demands customer journeys that are secure, seamless and intuitive.

API 114

API Authentication Account Takeovers On-Demand 114

Clearly Payments

DECEMBER 18, 2023

AI’s real-time fraud detection capabilities, as evidenced by an 80% reduction in fraudulent attempts according to Juniper Research, will fortify financial security by swiftly identifying and preventing unauthorized transactions. Real-time cross-border transactions are hurtling towards us, powered by blockchain and other innovations.

Payments Trends 71

Payments Trends Online and Mobile Banking Payment APIs and Integration Contactless Payments 71

Fintech News

OCTOBER 10, 2024

These leaders expressed interest in using the technology for various applications, including enhancing customer service, improving IT operations, as well as collecting, processing, and analyzing data for environmental, social and governance (ESG) criteria classifications, with 45%, 44%, and 44% of respondents prioritizing these areas, respectively.

Economy 97

Economy Online and Mobile Banking Governance Government 97

The Fintech Times

MARCH 14, 2024

This growth is propelled by VCNs’ versatility, offering secure and efficient payment alternatives for an array of use cases. Traditionally, physical cards were used and distributed to employees. Marcos Gelfi, head of global commercial products and cardholder services at Discover® Global Network 1.

Payments 64

Payments Use Case Reconciliation Security 64

The Fintech Times

DECEMBER 21, 2023

Juniper Research agrees, saying the rise of open banking, instant payments, and merchant support will catalyse the A2A market in 2024, given these payments can be cheaper, faster and have lower risks of fraud. Here Nanu shares his thoughts with The Fintech Times on how the payments industry will evolve over the next 12 months.

Cross-Border 64

Cross-Border Cross-Border Payments Payments Multi-Currency 64

The Fintech Times

OCTOBER 24, 2024

Investors, in particular, questioned the demand for a solution like ours. However, through our research at universities and insights on Gen Z from my time at Bumble, we knew the problem was not only real but incredibly painful. We were often told two things: that the idea was impossible to build, and that no-one had this problem.

On-Demand 59

On-Demand Volume Transactions Product 59

The Fintech Times

SEPTEMBER 25, 2024

Despite this, the Bank of Canada revealed it is “scaling down its work on a retail CBDC”, favouring a focus on broader payments system research and policy development. Since 2020, interest in CBDC potential across the globe has skyrocketed. In May 2020, only 35 countries were exploring the idea of a CBDC at all.

CBDC 75

CBDC Digital Currency Central Bank Privacy 75

CB Insights

FEBRUARY 13, 2018

research BRIEFING: 15 trends shaping tech in 2018. We categorized apps by primary use case. Some 50 million Americans have tried dating apps or websites, and 19% of 2017 brides said they met their spouses online, according to wedding-focused media company The Knot. Dating apps are targeting every niche. Please click to enlarge.

On-Demand 56

On-Demand Cross-Border Data Breach Facilitators 56

PYMNTS

JULY 7, 2020

And as Blackhawk Network Global Head of Commerce Brett Narlinger said of the pandemic’s effects, “This situation has just helped accelerate retailers’ realization of the need to meet consumers’ eCommerce demands in order to survive and thrive in this environment.”. We recently conducted some research to examine how U.S.

Point-of-Sale (POS) 66

Point-of-Sale (POS) On-Demand Payments Use Case 66

PYMNTS

DECEMBER 2, 2019

The increasing demand for digitalized financial services has created an opportunity for Sri Lanka to evaluate the possibility of adopting Blockchain Technology to further advance Sri Lanka’s financial sector,” the bank’s invitation to apply read. “The The bank made the announcement on its website on Nov.

Central Bank 53

Central Bank Blockchain Financial Inclusion Use Case 53

PYMNTS

OCTOBER 1, 2020

Yet, many of those disbursements are neither digital nor instant and available for consumers and microbusinesses to access and spend on demand, PYMNTS’ latest Disbursements Satisfactory Report found. PYMNTS research revealed significant interest in being able to control their payout options using voice commands. Fast Fact No.

Instant Payments 122

Instant Payments Payee Same Day ACH Non-Bank 122

PYMNTS

JANUARY 21, 2021

In an interview with PYMNTS, Avi Cohen , co-founder and CEO of FinTech company The Floor , said boosting digital offerings and bringing new ones to market demands quick decision making as banks seek to improve user experience and user engagement. Launching Into New Markets.

Payment APIs and Integration 121

Payment APIs and Integration Due Diligence On-Demand Money Laundering 121

Nanonets

SEPTEMBER 20, 2024

From financial reports and research papers, to resumes and invoices, these documents can contain complex tables with a wealth of structured data that needs to be quickly and accurately extracted. Scientific Research : Researchers use table extraction to collate experimental results from multiple published papers.

Rules 135

Rules AI Process Origination 135

PYMNTS

SEPTEMBER 15, 2020

Researchers found that 70 percent of demand deposit accounts are managed by FIs with access to the RTP network. Using infrastructure developed by Visa within its Visa Direct service, Interchecks is leveraging its own platform to facilitate real-time transactions for corporate clients of First Horizon's treasury management solutions.

RTP 105

RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105

Faster Payments Council

SEPTEMBER 12, 2022

How can we look to this rapidly growing business for new use cases for instant payments? In fact, 83% report they already use digital wallets or fintech mobile apps and 62% plan to use faster payments more. What will this look like in the coming years? market needs to keep in mind when creating directories.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

The Finance Weekly

JANUARY 25, 2024

But the gold standard spreadsheet software is creaking as demands pile up on financial systems analysts, they complain. One finance operations manager at a utilities company in the US says it takes a day from “export to report” which is too long for the business needs. There are multiple use cases according to the company.

Finance 40

Finance Use Case CRM Accounts 40

PYMNTS

OCTOBER 10, 2019

Real-time payments are currently among the hottest trends and topics in the payments industry — a source of significant investment and regulatory attention, as financial institutions and other players strive to meet consumer demand for faster money movement. Fresh PYMNTS research has dug into the issue. That’s a huge benefit.”.

Real Time Payments 80

Real Time Payments Push-to-Card Payments Debit Card 80

PYMNTS

NOVEMBER 10, 2020

Vince Cacace , CEO of Vertebrae, told PYMNTS that AR in 3D has become a high-demand technology for all kinds of products and retailers. “We We have customers all across the board who are using AR for everything from auto parts and tires visualization to wedding dresses to hat try-ons,” Cacace said. How does it work on me?

Technology 104

Technology On-Demand Use Case Product 104

PYMNTS

SEPTEMBER 13, 2019

In fact, recent PYMNTS research shows that most consumers believe they can do a better job of identifying and protecting themselves against fraud than their FIs, with 71.2 In fact, recent PYMNTS research shows that most consumers believe they can do a better job of identifying and protecting themselves against fraud than their FIs, with 71.2

Consumer 66

Consumer Authentication Mobile Banking On-Demand 66

The Fintech Times

FEBRUARY 19, 2024

“Consumers demand seamless payment experiences and don’t want to be taken off to the websites of random payment intermediaries. As a result, Eddie Harrison , co-founder and chief product officer Paytrix , the paytech, notes the importance of making a user-friendly service. “International trade winds have shifted in recent years.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69

The Fintech Times

DECEMBER 18, 2023

Cybercriminals use that information to impersonate people in positions of authority. Some have outlawed payment of ransom demands, and frankly, victims have become less inclined to pay a ransom. “Ransomware attacks, which hit the globe hard in 2021-2022, are becoming more difficult to execute successfully. .

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139