Mobile Payments Have Positive Impact on Business Growth, Opinion

AROUND the world, mobile payments are fast displacing cash as the preferred means of settling transactions. Rapid advances in technology coupled with high levels of smartphone penetration provide a ready infrastructure for cashless payments to be made almost anywhere. According to one recent report, by 2019, nearly 2.

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Fintechs Could Help Mexicans Abroad Send Money Home More Cheaply:…

MEXICO CITY (Reuters) – Mexico’s new government is trying to slash the cost of sending cash home for Mexican families living abroad and is hoping competition from fintechs will encourage banks and services like Western Union to reduce commissions and improve exchange rates.

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4 Credit Card Trends for 2019

If you stay on top of your finances, the new year won’t be a bumpy ride. 4 Credit Card Trends for 2019 Some of the links on this site contain offers from our partners. I’ve been spending some time gazing into my credit card crystal ball, and I’ve noticed a few trends on the horizon.

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EU Parliament Passes New Rules on Cross-border Payment Charges

European parliamentarians have voted in favour of new rules which will force banks to slash fees on cross-border euro payments between EU countries that are in the euro zone and those that are not. The plenary adopted by 532 votes in favour, 22 against and 55 abstentions, to push through the changes before the end […]

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Financial Industry: Can Your Infrastructure Support Your Innovation Journey?

Branch networks in premier business districts, traditionally believed to measure the stature of financial providers are being replaced with internet banking, payment apps and short-code banking.

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Budding Collaboration Between FIs/FinTechs

Open banking in the United Kingdom is a bit more than a year old, fostering data-sharing by financial institutions and a collaborative mindset between financial services firms that might at first glance seem the fiercest of competitors.

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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.

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Does the Answer to POS Consumer Financing Lie in Bank-Fintech Collaboration?

It’s time for banks to pick a side when it comes to fintech. Banks can either continue to see the technology-driven disruptors as a threat, or take the high (and perhaps smarter) ground, and create opportunities out of fintech collaboration. With point-of-sale (POS) consumer financing, this decision needs to come quick.

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Singapore Police Raid Wirecard Office Following FT Reports

FRANKFURT/SINGAPORE (Reuters) – Singapore police raided the premises of German payments company Wirecard in the city state on Friday following a series of investigative reports in the Financial Times alleging fraud and creative accounting.

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Consumers Requested the Lowest Number of Credit Inquiries Since 2003 – Why That’s a Cause for Concern

By Americans are rarely shy of buying something today – and paying for it tomorrow. However, latest figures show they’re requesting the lowest number of credit inquiries in almost two decades. For the 18th consecutive quarter, household debt rose during the fourth quarter of 2018 to 13.

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