The Fintech Times

JANUARY 18, 2024

Neo also saw cleared volume double in just under a year, reaching over €7billion in 2023 alone, highlighting the growing demand from businesses for alternative banking options. As a result, 92 per cent of SMEs are having conversations about virtual account solutions such as digital wallets to help solve these problems.

Multi-Currency 109

Multi-Currency Cross-Border Payments Bank Identification Code Cross-Border 109

The Fintech Times

OCTOBER 21, 2024

As the Regulation on the Markets in Crypto-Assets ( MiCA ) and KYC requirements become increasingly stringent, the demand for robust bank verification services has become increasingly critical. However, iDenfy’s research shows that cybercrime continues to escalate at an alarming rate.

Verification 52

Verification Compliance IBAN Fraud Detection 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

Fintech Finance

AUGUST 6, 2024

Flywire plans to expand on Invoiced’s successful track record of providing invoicing software to a diversified client base across industries and geographies, and reinforces its commitment to powering software and payments to its target B2B segment, which Flywire estimates to be responsible for approximately $10 trillion in global payment volume.

Payment Networks 73

Payment Networks B2B Acquirers Accounts 73

Fintech Finance

JUNE 3, 2024

OpenPayd’s embedded finance research reinforces that three quarters of all digital businesses across both the UK and Europe will launch embedded finance solutions in the next five years, with market revenues expected to hit over €600bn , across a global addressable market worth over €7tn.

Embedded Finance 52

Embedded Finance Finance IBAN Real Time Payments 52

The Payments Association

NOVEMBER 12, 2024

While these systems are reliable, they are also inflexible and costly to maintain and hinder innovation, making it difficult for banks to meet the demands of today’s digital-first market. This reduces the risk of discovering critical issues late in the process when they are much more costly, long-winded and difficult to fix.

Online and Mobile Banking 88

Online and Mobile Banking Non-Bank ISO 20022 On-Demand 88

Fintech Finance

JUNE 18, 2024

According to Visa’s annual “ Money Travel: 2024 Digital Remittances Adoption ” research report, these markets continue to beat the odds despite macroeconomic headwinds that have resulted in remittances decreasing across the globe. The interviews were conducted online.

Online and Mobile Banking 95

Online and Mobile Banking Economy On-Demand Volume 95

Fintech Finance

JANUARY 15, 2024

Finzly , the pioneering provider of modern payments systems has announced that its 2023 revenue growth doubled over 2022, and its payments platform volume grew by more than 400%. The research firm also reports that 40% of banks have moved their payments infrastructure to the cloud or are currently implementing a move.

FedNow 52

FedNow Real Time Payments Payments API 52

The Fintech Times

SEPTEMBER 18, 2024

Research from Bitget shows that the TON ecosystem has seen a 12-times increase in daily transaction volume, rising from 100,000 to 1.2 Demand is also high. Sectors like DeFi, lending, and gaming are driving demand for its services. However, adoption is also strong in India, Brazil and the US. million over the past year.

Cryptocurrency 64

Cryptocurrency Blockchain Volume On-Demand 64

Clearly Payments

AUGUST 24, 2024

According to the Bank for International Settlements (BIS), 114 central banks, representing over 95% of global GDP, were engaged in some form of CBDC research or development by the end of 2023. Similarly, Cash App reported a 41% year-over-year growth, with total transaction volume reaching $207 billion.

Debit Card 83

Debit Card P2P Cross-Border Central Bank 83

The Fintech Times

JULY 24, 2024

According to UK Finance , the trade association for the UK banking and financial services sector, in 2023, the volume of cash payments made in the UK fell by seven per cent to six billion (from 6.4 UK Finance noted that increased card volumes may still be impacted by deferred expenditure following the pandemic. billion in 2022).

Online and Mobile Banking 59

Online and Mobile Banking Contactless Payments Debit Card Payments 59

The Fintech Times

MARCH 6, 2024

Some of these challenges include volume, cost, and complexities of fraud. The report, informed by an extensive survey of 316 cross-industry experts and enriched with proprietary and independent fraud research, casts a spotlight on the pressing issues and strategic imperatives for businesses navigating fraud’s complex terrain.

AI 59

AI Fraud Prevention Identity Theft Deepfake 59

CB Insights

MARCH 2, 2021

With e-commerce volumes jumping forward an estimated 4-6 years due to worldwide lockdowns, consumers and merchants have increasingly looked to buy now, pay later solutions to alleviate financial pressure and to meet online shopping demand, respectively. Empathy in ai. hospital-at-home. quantum supremacy. First name. Company name.

BNPL 62

BNPL Volume On-Demand Payments 62

The Fintech Times

OCTOBER 26, 2024

Jassim Haji , an international expert, strategist and researcher in AI and digital transformation, delved into how AI is enabling real-time risk assessment and fraud detection, reducing the manual processes that typically slow banks down. With AI, banks can monitor transactions and flag suspicious activities almost instantly,” said Haji. “AI

Finance 69

Finance Ransomware Fraud Detection AI 69

The Fintech Times

OCTOBER 24, 2024

Since our launch, Cino has experienced significant growth and evolution, both in terms of user base and transaction volume. per cent rise in processed transaction volumes, with MAU rising by 38.32 Investors, in particular, questioned the demand for a solution like ours. Since launch, how has your company evolved?

On-Demand 59

On-Demand Volume Transactions Product 59

EBizCharge

NOVEMBER 12, 2024

Merchant account providers (MSPs) often offer tailored solutions based on the type of business and online transaction volume. Businesses can open a merchant account in a few key steps to gain access to comprehensive financial statements and reporting tools, helping them better manage transaction volume and payment processing.

Accounts 52

Accounts Online and Mobile Banking MSPS Debit Card 52

Clearly Payments

OCTOBER 7, 2024

This shift has placed immense pressure on payment processors to innovate and scale their digital offerings, ensuring they can handle the increased volume of transactions while maintaining security and user experience. Contactless Adoption : A study by Juniper Research indicated that global contactless transaction values reached $2.5

Cross-Border 89

Cross-Border Processors Multi-Currency Contactless Payments 89

Fintech Finance

APRIL 17, 2024

Visa (NYSE: V), a global leader in digital payments, is offering sellers expansive, simplified services to keep pace with those demands. billion in payment volume on a 12-month basis3. The payments sector has made significant strides in simplifying the consumer shopping experience. million active terminals and more than $8.5

ISVS 52

ISVS Payments Contactless Payments Value Added Service 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

Fintech Finance

FEBRUARY 6, 2024

The demand for a fixed fee transfer solution in these new markets is substantial, with over $100 billion in annual transfers according to the World Bank. However, these personal transfers make up only a fraction of global transactions as research has shown. In contrast, UK outbound transfers totalled $11 billion.

Fincen 52

Fincen On-Demand Regulations Facilitators 52

Fintech Finance

JANUARY 17, 2024

It also saw cleared volume double in just under a year, reaching over €7 billion in 2023 alone, reflecting growing demand from businesses for alternatives to traditional banks. As a result, 92% of SMEs are having conversations about virtual account solutions such as digital wallets to help solve these problems.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Multi-Currency FinTech 59

The Fintech Times

NOVEMBER 19, 2024

This makes the investment process more efficient, reducing the need for manual research. Improving data quality David Csiki, the managing director of an investment management platform called INDATA In the modern day, customers’ demands for personalisation are extremely high.

On-Demand 59

On-Demand AI Financial Inclusion Risk 59

Fintech Finance

JULY 23, 2024

The following chart shows payment volumes across different payment methods from 2013 to 2023. Card volume increases were driven by several factors, with much of the trend towards an increased number of lower value payments being focussed on consumer retail card spending. Consumers made 85 per cent of the total number of payments (41.0

Contactless Payments 86

Contactless Payments Online and Mobile Banking Debit Card Payments 86

Fintech Finance

JUNE 18, 2024

In the age of rising costs and increasing demands on carriers and shippers to do more with less, it’s a competitive advantage to have Loop and J.P. Morgan Payments proprietary research. It processes nearly $10 trillion in payments daily, operating in over 160 countries and over 120 currencies, and is #1 in USD payments volume.

Audit 87

Audit Payments Treasury AI 87

The Fintech Times

MARCH 20, 2024

Robinhood , the stock trading and investment firm, has officially launched in the UK following five months of in-depth scouting of UK consumer demands. From the research conducted, Robinhood found that UK consumers do not like paying fees or FX fees on trades. Furthermore, UK investors like additional protections on their investments.

FDIC 69

FDIC Research On-Demand Accounts 69

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

The Fintech Times

APRIL 20, 2024

In Q1’23, the Australia-based BNPL Openpay announced it was going into receivership following an all-time high total transaction volume. Research from Juniper Research has revealed that by 2028, the BNPL userbase will increase by 107 per cent to, from 380 million users in 2024. Consumer education must be prioritised.

BNPL 72

BNPL Regulations On-Demand Financial Literacy 72

PYMNTS

AUGUST 11, 2020

Hanks said the issue behind the current lags in testing primarily stems from the fact that most labs are now seeing vastly increased demand in terms of the needs for their testing services. An interview with Deb Hanks, Verily’s head of pathology, cast a light on the current issues with testing.

Returns 90

Returns On-Demand Volume Research 90

The Fintech Times

FEBRUARY 9, 2024

AI-enhanced attacks are on the rise, leaving many organisations’ cybersecurity unprepared for the volume of new challenges; reveals cyber protection firm, Acronis , in its latest cyber threats report. It explains that there is a lack of strong security solutions which would help detect the exploitation of zero-day vulnerabilities.

Phishing 72

Phishing AI MSPS Ransomware 72

The Fintech Times

JULY 18, 2024

As the volume of non-cash transactions continues to increase, JCB and Worldline have stressed the importance of businesses providing customers with frictionless payment experiences to meet high expectations.

Payments 59

Payments Debit Card Contactless Payments Facilitators 59

PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. In Q3, 896 million B2B ACH payments were completed , NACHA said in its latest release , signifying a 10 percent year-over-year increase in volume of B2B ACH transactions. today, but it’s not the only one. In all, more than 3.3

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

AUGUST 20, 2020

Despite strong demand for food delivery in India due to dining restrictions wrought by COVID-19, transactions are below pre-pandemic levels because of a supply problem — many restaurants remain closed, delivery company Zomato concluded in a new report. As for Zomato itself, the pandemic appears to have driven an increase in overall demand.

Authorization 80

Authorization On-Demand Research Returns 80

Fintech News

JANUARY 4, 2024

Deal activity in the technology, media and telecom continued their downtrend in Q2 2023, with deal value falling 32% from Q1 2023 to Q2 2023 on a 15% decline in deal volume. Tech transactions suffered a considerable pullback, with deal volume decreasing to 854 from 1,011 in Q1 2023 and deal value dropping to US$23.9 billion from US$47.4

FinTech 81

FinTech Acquirers Web 3.0 Volume 81

The Fintech Times

APRIL 25, 2024

Increasingly, tax authorities are demanding access to real-time or near real-time reporting and tax data, for visibility on exactly what is being sold, what taxes should be paid, and ultimately, if businesses are abiding by the correct rules and regulations.

Continuity 69

Continuity Near Real-Time Compliance Authorization 69

PYMNTS

JULY 24, 2020

In June, sales volumes increased by 14 percent from May, surpassing forecasts in a Reuters poll of economists. Overall sales volumes rose to within 0.6 Overall sales volumes rose to within 0.6 But when fuel sales, which have dropped as residents stay home, are excluded, volumes were 2.4 percent of February’s level.

Volume 75

Volume Returns Non-Bank Consulting 75

Nanonets

NOVEMBER 18, 2024

Advanced security features : Built with compliance and security in mind, making it ideal for regulated industries Scalability for high volumes : Continuous learning capabilities, where models improve accuracy over time with feedback How does Hyperscience compare to Rossum? per page with unlimited volume and community support.

Automation 52

Automation Volume AI API 52

PYMNTS

NOVEMBER 2, 2020

The November Order To Eat Tracker® explores the impact of the pandemic on restaurant ordering, and how eateries are responding to the challenges posed by higher ordering volumes and demand for contactless payments. The feature comes amid customers’ evolving demands for contactless experiences.

Contactless Payments 74

Contactless Payments On-Demand Volume Credit Cards 74