Real Time Payments Market Size Worth $39.02 Billion by 2025
The global Real-Time Payments (RTP) market size was valued at 6.90 billion in 2018 and is projected to expand at a CAGR of 29.3% from 2019 to 2025.
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100 Million Capital One Customers Were Hacked — Everything You Need to Know About Data Breaches, but Were Afraid to Ask
Capital One Financial Corp. announced late Monday that more than 100 million people had their personal information hacked.
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Facebook’s Audacious Pitch for a Global Cryptocurrency
If you wanted to make a lot of money, quickly, you could not have done much better than to have bought bitcoin in September, 2017. At the time, the cryptocurrency was trading at just under four thousand dollars; three months later, it topped out at more than nineteen thousand dollars.
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Technology
Apple’s Credit Card Is Here, but Most People Can’t Use One Yet
New York (CNN Business) Five months after it was announced, Apple’s first credit card is now available — but not to everyone. Hundreds of thousands of people signed up online to be notified when the Apple Card became available.
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The Fed Is Going to Revamp How Americans Pay for Things. Big Banks Aren’t Happy.
America’s central bank plans to build its own real-time payment system, much to the chagrin of big commercial banks. The news: The Federal Reserve has announced that it will create “FedNow,” a system that will allow real-time bank-to-bank payments, all day every day.
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Take 5! FinTech Trends for 2019 That You Can’t Ignore
Technology has played a crucial role in enhancing the life of a consumer. Various sectors are reaping benefits, but finance is still not quite there yet. When it comes to financial services, traditional banks are hesitant to adapt to newer technologies. This is mostly because of their legacy systems and compliance restrictions.
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The Financial Inclusion and Fintech Trends Defining 2019
Fintech innovation is disrupting the financial services landscape and forcing responsible finance organizations to adapt. The following financial inclusion and fintech trends will help define finance in 2019.
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What Are the Most Important Mobile Wallet Trends?
From being a niche service for tech-savvy consumers to a mainstream payment method, mobile payments have significantly grown in the last 5 years. According to a report, the mobile wallet transaction value reached $4,296 billion in 2018. And by 2022, this value is forecasted to reach a whopping $13,979 billion U.S.D.
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5 Ways Fintech Industry Is Using AI to Woo Millennials
5 Ways Fintech Industry is Using AI to Woo Millennials By Shrikant Srivastava 8 min read The bond which is getting seeded between Fintech business and Millennials is poised to be extremely strong.
Read MoreFour Ways the CBD Industry Can Process Payments Post-Elavon
In case you haven’t been plugged into CBD industry news recently, it seems the Farm Bill honeymoon is officially over, as major U.S. banks and payment processors have recently turned their backs on CBD, dropping their existing CBD brand clients. On March 14, 2019, the largest domestic CBD payment processor, Elavon Inc., a subsidiary of […]
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Is PayPal’s Xoom Money Transfer Service a Good Deal?
PayPal launched its Xoom money transfer service in the UK and 31 other European markets last month. Is it a good deal for people sending money abroad? The answer, when comparing Xoom or any other transfer service, is “it depends.” Nearly $700 billion of remittances are sent across borders each year, changing funds from one […]
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Taiwan Issues Three Digital Banking Licences
In a first for the island, Taiwan’s Financial Supervisory Commission has issued virtual banking licences to three consortiums – the latest development in the battle between Asian internet firms and the region’s legacy banks for a stronghold over consumer finances.
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China’s ‘Pays’ Could Lead a Crypto Market, but the Government Won’t Let Them
China appears to have a lot of the advantages to pull off a move similar to Facebook Libra, but there are plenty of factors working against it.
Read MoreBracing for Consolidation in Asia–Pacific Banking: The Quest for Scale
In our 2016 review of Asia–Pacific banking, we warned that a storm was brewing because of slowing macroeconomic growth, attackers, and weakening balance sheets. Three years later, these forces continue to exert pressure on the region’s banks, and forward-looking indicators suggest that many banks will struggle as the storm worsens.
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Big Tech Executives Headed to Capitol Hill for Antitrust Hearing Next Week
FILE PHOTO: The logos of Amazon, Apple, Facebook and Google are seen in a combination photo from Reuters files. REUTERS/File Photos WASHINGTON (Reuters) – Executives from Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Facebook Inc (FB.O) and Alphabet’s Google (GOOGL.
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Senate Holds Hearing on Digital Currencies, Blockchain
A decade after Bitcoin and blockchain made their debut, the US Senate has finally gotten around to holding a hearing on potential regulatory frameworks for digital currencies.
Read MoreMonzo PIN Breach – A GDPR Fine in the Making?
Rob is a Verdict staff writer. You can reach him at Monzo has told some 500,000 of its customers to change their personal identification number (PIN) after the challenger bank incorrectly stored them in its own internal systems. The digital bank said that it had inadvertently copied around a fifth of UK customers’ PINs to […]
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Banks Embracing Fintechs to Comply With Regulatory Needs
Most financial regulations address traditional banking, but as the world depends heavily on digital alternatives, banks also have to apply regulatory standards to their digital banking procedures. FERMONT, CA: The financial services industry is shaking up in large respects by financial technology.
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Banks Embracing Fintechs to Comply With Regulatory Needs
Most financial regulations address traditional banking, but as the world depends heavily on digital alternatives, banks also have to apply regulatory standards to their digital banking procedures. FERMONT, CA: The financial services industry is shaking up in large respects by financial technology.
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