27% of UK SMEs are owed between £5,000 and £20,000 in unpaid invoices Over half (55%) of SMEs say that late payments have increased over the course of 2023 31%
Going back in time, during the Ethereum period, when we first embraced the smart-contract blockchains, all the operations that go into mining and validating a transaction, like data availability, consensus, execution
The financial sector has long been a bastion of stability and reliability. However, where technology evolves at a breakneck pace, the financial sector stands at a critical juncture. In light
The advent of instant payment systems, a reflection of our increasing reliance on digital immediacy, has unfortunately opened the gates to various forms of financial deceptions. Over 77% of all
Blockchains have created a narrative that they are an underlying technology that powers cryptocurrencies that challenge the traditional financial system. However, in reality, blockchain is way more than that, with a
Despite significant advancements in artificial intelligence and machine learning for profiling customers, a crucial issue remains among industry bodies: the lack of effective information sharing.
The UK and EU payments sectors continued to draw increasing regulatory scrutiny throughout 2023. Indeed, the need to deliver compliance with new regimes, such as the consumer duty in the UK, required a great deal of firm’s attention and resources throughout the year.
In recent years, the UK has been keen on positioning itself as a global crypto asset hub, however it’s currently facing critical obstacles which are hindering its effort.
Christien Ackroyd explains how the ethical grade concept works, covering best practices, benefits, and which banks are getting it right.
As the UK continues to try and place itself as a leader in the payments industry and fintech, maintaining a degree of pace, security and efficiency must remain a priority.
In Britain, 13 years of Conservative government will come to an end. The US will face its most divisive, and potentially destabilising presidential election in decades. Markets will find out whether central banks have managed to control inflation and normalise interest rates, or whether a replay of the monetary turmoil of the 1970s and 1980s is on the horizon.
Authorised push payment (APP) fraud has been steadily climbing the charts of global payment frauds with nearly £240m lost to UK consumers and businesses in the first six months of 2023.
Born in New Zealand, trained lawyer Cheyenne Datuin speaks to Payments Review about how she got into the payments industry and why London is an attractive city for working in fintech.
The Payments Association’s annual Financial Crime 360 conference took place at the Royal Lancaster Hotel in London on Tuesday, 21 November. Hundreds of industry professionals from across the payments industry heard from some of the sector’s most important voices on the ever-present issue of financial crime and its solutions.
Monica Eaton explores how augmented reality is used in the marketplace and what impact it might have on the payments industry.
This article was originally published by leading bank orchestration platform Numeral and recently featured in the Payments:Unpacked newsletter from Mike Chambers – subscribe for free at: www.payments-unpacked.com.
Daniel Holden explains the meaning and significance of unified commerce and why it is vital to the customer experience.
Open banking — a promised financial utopia where data flows freely, consumers reign supreme, and businesses can reduce their payment processing fees — but what use is this powerful innovation if you can’t get customers to actually adopt it?
Clear Junction CEO Dima Kats sat down with our reporter George Iddenden to discuss how challenges to the cross-border payments sector are becoming bolder with the increase in geopolitical tensions and, contrary to some within the payments space, how he believes the regulatory frameworks offer enough security.
Key Takeaways Phase 1 — Regulation of fiat-backed stablecoins The issuance and custody of fiat-backed stablecoins in or from the UK will be subject to regulatory authorisation requirements under
Dialect, a customer experience solution provider within the Fintech and Payments industry is excited to announce they won the “Judges Special Award” at the North East Contact Centre Awards (NECCA),
PayAlly has been recognised as the 19th fastest-growing business in London. This is part of the Fast Growth 50 index for 2023, which identifies the fifty fastest-growing companies across six
Thames Technology, one of Europe’s leading card manufacturers, has partnered with IDEX Biometrics, a leading provider of fingerprint identification technology, to accelerate the commercialisation at scale of biometric payment cards.
As regulatory thinking evolves, firms must ensure that any current or planned use of AI complies with regulatory expectations. As financial services firms digest FS2/23, the joint Feedback Statement on Artificial
FERO is delighted to announce the successful closure of a $3 million seed round from Coatue, Volta Ventures, and Antler. This capital will enable FERO to expand and enhance its unique online payment solution
FinCrime Dynamics, the financial crime prevention AI solution, gears for growth with this new appointment. Cambridge, 20th November 2023. FinCrime Dynamics, the financial crime prevention AI company, is pleased
Inpay is looking a bit different today, you may have noticed. But what’s behind our brand refresh? We’ve been working hard to strengthen and differentiate our commercial proposition during 2023
Form3 to provide SEPA Instant, Credit Transfer and Direct Debit connectivity for Klarna’s 150m active customers across more than 500,000 merchants. Form3, the cloud-native account-to-account platform, is delighted to announce
Environmental, social and governance (ESG) values are here to stay, thanks to consumer and investor demand for greater transparency and social responsibility from businesses.
From the growing risks of fraud and cybercrime to digital adoption, Jonathan Tyce provides a strategic look ahead to 2024 in the European payments space.
On 8 October 2023, detailed new rules on the financial promotion of cryptoassets came into force in the UK, representing the very first set of conduct rules to apply to the crypto industry.
Technology, in any industry rarely fails to make its impact and improve nearly all aspects of the sector. Cloud-based banking is no different.
The Payment Systems Regulator (PSR) has published its inaugural APP Scams Performance Report, which presents data from the year 2022. This report aims to provide transparency on the state of
As retail open banking continues to grow, mechanisms should be put in place to balance innovative products for consumers while ensuring adequate fraud protection.
Due to a dwindling economy, higher inflation and a cash-starved population, retailers are facing a tough battle from the standpoint of acquiring new customers or retaining the existing ones. Adding
This addition to the Nucleus365 platform unlocks global payments with over 92 licences supporting operations in 30 different currencies, enabling merchants across the globe to make and receive payments in
Projective Group, a leading Financial Services change specialist, has today announced it has partnered with The Payments Association, an international payments community that aims to drive collaboration and innovation within
Can FI’s look beyond transaction data to uncover the true picture of risk? ComplyAdvantage’s research revealed that payment screening teams continue to grapple with siloed data sets and disparate systems. And yet, as the financial crime landscape grows more complex, the need to connect fragmented data sets to understand the global networks behind financial crime has never been more important. ComplyAdvantage’s Iain Armstrong give his top tips for integration success in payment screening.
The financial industry is experiencing a seismic shift, fueled by the advent of artificial intelligence (AI) and open banking. Far from being isolated phenomena, these two revolutionary forces are converging to redefine the very fabric
ARYZE, the leading Web3 financial technology company, announced the launch of reForge, a function built-in to the Digital Cash suite of stablecoins. reForge supports seamless multi-currency conversions, making it easier
Asia is the largest and most populous continent in the world, home to more than 60% of the global population – some 4.56 billion people. This vast region spans over
The flagship store of luxury pharmacy John Bell & Croyden is transforming shopper experiences with the installation of new checkout & inventory management technology from Trust Retail, part of the Trust
Trust Retail, part of the Trust Payments Group and one of the UK’s leading EPOS suppliers has teamed up with the fastest-growing home delivery app serving convenience stores, Snappy Shopper,
The Payments Association is pleased with the declaration released from the recent summit on artificial intelligence (AI) at Bletchley Park, which saw global leaders, tech executives, and academics address the challenges and advancements of the technology.
With over 50 leading brands including Aldi, Asda, Ikea, Primark, Amazon and Currys, HyperJar’s innovative service offers up to 15% cashback Alex Preece, CEO and founder of Tillo, and Nicola
In this webinar, Bottomline, HSBC and Swift will discuss the current status of the ISO 20022 migration and what Banks and FIs should focus on to ensure operational efficiency and
The Payment Systems Regulator (PSR) has published its report detailing the latest data on the pressing issue of APP fraud scams.
Sumsub, a full-cycle verification platform, releases its ‘State of Verification and Monitoring in the Crypto Industry 2023’ report. Polina Uzhva, partner marketing manager, Sumsub, provides a summary, focusing on the regulations and verification practices for crypto companies, with highlights from verification performance and identity fraud statistics.
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