Payments Association has released a report, “Transforming the UK’s Payments Infrastructure,” proposing a revamp of the UK’s payments. The paper argues that the current system of account-to-account (A2A) payments hinders
De-risking endangers financial inclusion, driving MSBs out and boosting unregulated markets, calling for urgent reform.
Rising youth involvement in economic crimes highlights the urgent need for robust financial education.
UK businesses must prioritise digital investment to boost financial clarity, agility, and competitiveness in an evolving economic landscape.
Payments firms must streamline technology after acquisitions to boost agility and compete amid disruption.
Fintech drives UK SME growth with tailored solutions, streamlining finances and boosting efficiency.
Web3 is transforming finance with blockchain, digital assets, and smart contracts, paving the way for a decentralised future.
Quality Engineering is transforming digital banking, enabling seamless innovation, operational continuity, and future-proofing in a rapidly evolving landscape.
In an era marked by technological advancements and evolving consumer preferences, high-end banks and financial institutions are constantly seeking for innovative ways to cater for the demands of the discerning mass affluent market.
Open Banking set out to revolutionize finance by giving third-party providers access to customer data (with consent) to drive innovation and empower consumers. But while Europe’s PSD2 regulation has enabled new fintech services and a vibrant TPP ecosystem, adoption has fallen short of initial expectations. Complex regulations, security concerns, and, most critically, profitability challenges for banks have created hurdles. Discover how a shift in strategy, combined with data enrichment, could help banks embrace Open Banking as a growth opportunity rather than a regulatory burden.
AI transforms payment routing, boosting success, cutting costs, and improving customer experiences in real time.
Payment firms must balance innovation with compliance, while regulators support growth and trust.
A flexible, focused marketing plan improves budgeting, targeting, and adaptability, with ongoing analysis ensuring effective growth.
Compliance in payment communications is key to trust; AI solutions and customised frameworks ensure secure, global adherence to regional regulations.
The Click to Pay mandate allows card issuers to modernise payments, boost customer experience, and ensure secure, interoperable digital transactions.
The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digital payments, and evolving consumer behaviours.
Chargeback abuse costs billions, but merchants can reduce fraud with proactive strategies like customer engagement and better security.
Visionary leadership is crucial for driving innovation and navigating the rapid changes in the payments industry.
Traditional banks must modernise their tech stack to stay competitive with fintechs and meet shifting consumer expectations.
Despite the growth of digital payments, cash use is rising in the UK, supported by emerging cashtech innovations.
The merged R&D tax credit scheme in April 2024 introduces new rules for contracted-out R&D, benefiting larger businesses but requiring careful planning and documentation.
Rising maintenance costs in social housing, driven by damp remediation and regulations, are pushing providers to adopt preventive strategies and modernisation.
How open banking can reshape finance, enabling personalised services, streamlined verification, and improved fraud detection.
The challenges financial institutions face under SEPA Instant Credit Transfer regulations and explores how advanced technologies can help overcome them.
Discover how moving sales online can transform your business and unlock new growth opportunities.
In the fast-moving payments industry, trust must be replaced by a “Protection Model” focused on safeguarding compliance, technology, and risk management.
Payment companies are accelerating KYB with AI and APIs, enhancing onboarding speed and competitiveness while maintaining strict compliance.
The fintech industry remains male-dominated, but fostering mentorship, challenging stereotypes, and supporting gender equality initiatives can pave the way for more women to rise into leadership roles and create a more inclusive future.
Choosing the right custody solution is vital for institutions to securely navigate the evolving digital asset landscape and future-proof their financial operations.
Outsourcing customer support allows companies to focus on growth while ensuring high-quality service through experienced partners who personalise solutions, maintain brand consistency, and leverage advanced technology.
The payments industry must address cross-border inefficiencies to support SMEs, which are critical to global economic growth and financial inclusion.
Cross-border payments expand a business’s global reach, but their success hinges on secure, efficient processes, versatile payment methods, and strong partnerships with payment providers who offer seamless integration and robust fraud protection.
Digital wallets are reshaping payments with convenience and security, but face challenges like device reliance and regional limits; with increasing regulatory focus, their growth and innovation are set to continue.
Banks must quickly adapt to ISO 20022, leveraging strategic partnerships to overcome legacy system challenges and meet the March 2025 compliance deadline.
The shift from virgin PVC to recycled PVC (rPVC) and paperboard payment cards is revolutionising the financial industry, reducing environmental impact while offering business advantages, and positioning financial institutions as leaders in sustainability.
Rethinking the approach to banking silos, this article explores how connecting, rather than breaking down, silos can foster innovation and efficiency in financial institutions.
Despite significant advances, cross-border payments still face challenges like delays, high costs, and inefficiencies, but innovative projects like BIS’s Project Rialto and Nexus offer hope for a more seamless global payment system.
Fintechs can accelerate mainstream adoption of digital assets by integrating them with traditional payment networks, enabling seamless everyday transactions.
The move to ISO 20022 brings benefits like enriched data and improved fraud prevention, requiring a strategic approach and decisions between building in-house solutions or partnering with vendors.
With the UK at the forefront, the future of cross-border payments is being shaped by technological advancements, regulatory changes, and the growing demand for efficient, secure, and cost-effective solutions.
UK banks’ reduced lending and account closures stress SMEs, highlighting the need for multi-service apps (MSAs) to streamline financial services with open banking.
Swift’s updated CSP and IAF are essential for ensuring robust cybersecurity and compliance across the global banking community.
Card issuer processors face integration, compliance, and fraud challenges but can stay competitive by streamlining processes and enhancing customer experiences.
Navigating the complexities of global expansion in fintech requires strategic partnerships, innovative solutions, and a deep understanding of regional regulatory and cultural nuances.
How modernising legacy systems through outcome-driven strategies, cloud migration, and fintech partnerships enhances agility and innovation.
Open banking revolutionises financial services by enhancing user experience with seamless account integration, real-time transactions, and personalised services.
APP fraud is surging, with UK Finance reporting £42.6 million lost in early 2023, prompting calls for stronger consumer protections.
Combining digital innovations with traditional in-person services allows banks to provide a seamless experience that leverages the convenience of digital services and the personal touch of physical interactions.
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