verdict

Cybersecurity in Banks: Controlling What to Expect

Cybersecurity in banks is absolutely critical. Losses from attacks on payment systems are increasingly costly. As the world becomes more digitally connected there are numerous cybersecurity challenges to take into account. Cybersecurity in payments requires flexible, strong and adaptable technology to combat threats before they even occur.

Read More

Top 5 Lessons Private Banks Can Learn From Fintech

Private banking and wealth management is, by its own admission, not quite up to speed with its digital innovation, and the fintech community agrees.

Read More

Innovation Will Drive the Banking Trends of 2019

The banking trends of 2019 will be dominated by innovation. It may sound glib, but it will be true as ever. Whether this comes from blockchain, IoT, Open Banking, or whatever does not matter; innovation will be at the heart of it.

Read More
post thumbnail

UPCB Unveils New Real-time Money Transfer Service

Filipino lender UPCB has introduced a new money transfer service. This will allow customers to make instant funds transfers to other bank accounts in the country. Dubbed InstaPay, the new service will charge PHP25 (0.48) for every payment. The maximum payment a customer can make per transaction has been capped at PHP50,000.

Read More
post thumbnail

EMV Cards Fail to Allay US Retailers’ Fraud Fear

Despite switching to EMV cards three years ago, for large US retailers payment card fraud is still a top concern. Now, fraudsters have moved their activities online, a new study by the National Retail Federation (NRF) and Forrester has found. The EMV cards were meant to significantly decrease fraud.

Read More

Sweden Gears Up for Cashless Future With Pilot Programme on E-krona

Swedish central bank Riksbank has released a report that outlines plans to build a technical framework for a digital currency as the country is exploring ways to shift to a less-cash society in view of the falling public demand for cash.

Read More

Digital Payments on the Upward Trend in Emerging Asia and CEMEA

Non-cash payments are recording a rapid growth, owing largely to developing markets. However, innovation if challenged by regulatory and technical complexities, according to a the World Payments Report 2018 by Capgemini and BNP Paribas. Non-cash payments reported a compound annual growth rate (CAGR) of 10.1 in 2015-16.

Read More

Mastercard Unveils Solutions to Underpin Open Banking Transformation

Mastercard is to develop a new suite of services designed to build trust in the new open banking ecosystem amongst consumers, banks, retailers and third parties, as well as simplifying and streamlining their interactions with each other.

Read More