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B2B FinTech On The Cusp Of Change

PYMNTS

SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. According to new research from Accenture, which published the results in its “SME Banking 2020: Changing the Conversation” report, small and medium-sized businesses are eager for more value-added services offered by their FIs.

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Lack of EMV-compliant infrastructure boosts US fraud rate

Banking 2020

The US has been identified as the leading country for card fraud, after a new study revealed almost half of global losses to the crime last year occurred in the nation. This is according to The Nilson Report, which found 48.2

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China and India lead global cashless growth

Banking 2020

According to a major new study, the non-cash baton has been passed to consumers in China and India, who are now taking the lead as cash is being displaced in favour of alternate forms of payment. This is among the key findings of the 2015 World Payments Report , published by Capgemini and Royal Bank of Scotland. billion transactions.

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Mobile Banking: Questions About the Future

Banking 2020

While certain other industries can be more liberal in their experimentation, the true potential of ‘Open Banking’ is still largely unrealized. In this context, another finding from the KPMG study is particularly relevant. For example, they reach 50%-60% in vast markets such as China and India. There’s no panacea to be found here.

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Sweden set to win cashless race

Banking 2020

A study from Stockholm’s KTH Royal Institute of Technology says the country’s embrace of electronic payments means it’s set to ditch cash in the near future. Of course, other nations have similar payment platforms, so why is Sweden seen as becoming cashless? If you want cash, don’t go to a Swedish bank teller for it.

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M-Pesa open API part of wider payments progress

Banking 2020

The move comes just as the banking industry gears up for major changes to payment rules that will mean they have to open up their platforms to third party developers. In Europe, this is being enshrined into national law as part of the PSD2 regulation, which comes into force in 2016.

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Power Up Your IT Budget by Zero-ing in on Waste

Banking 2020

On average, 28 percent of all deployed software is unused, while $224 in wasted licenses sits completely unused on every PC, according to a study by 1E. During Bob’s 25 years at Forsythe Technology, he has held a number of national management positions and earned numerous distinctions. in the U.S.