Payments News - SEPA for Corporates

1 Month to Go: The Lowdown on GDPR and Payments (Infographic) 3

Apr

26

2018

With just under 1 month to go, the EPC has released a What the GDPR Means for Payments infographic. The GDPR and Payments infographic is shared below, but first: Wait, what is GDPR? GDPR – General Data Protection Regulation GDPR aims to harmonise data privacy laws across the EU, and give EU citizens greater protection ...

12 Types of Fraud You Need To Know About by UK Finance 2

Apr

19

2018

Last month UK Finance together with Financial Fraud Action UK published 2017 annual fraud update, highlighting different types of fraud along with some pretty incredible statistics (total number of incidents and value) indicating the extent of the losses. The good news is that in 2017 unauthorised fraud losses from payment cards, remote banking and cheques ...

5 Key Takeaways from the UK Fintech Strategy

Apr

10

2018

There’s no doubt that the UK government recognises the importance of financial services, and in a rapidly changing technological environment the need for the UK to position itself as the best place in the world for fintech. On 22-March the UK Government launched the Fintech Sector Strategy: Securing the Future of UK Fintech. In this post, ...

The Top Payments News Stories in March 2018

Apr

3

2018

Lot’s of payments news stories flying about this month. Unsurprisingly Open Banking is hitting the headlines, a focus on fintech in the UK, innovation and talk of the Kodak moment in financial services. Check out the following top payments news stories for March 2018: 1. Payments News – Cyber Security Equifax to notify another 2.4 million ...

7 Things Corporates Need To Know About PSD2 and Open Banking 5

Mar

26

2018

PSD2 is a HOT topic at the moment, and will continue to dominate discussions for the foreseeable future. The revised European Payment Services Directive (PSD2) is multifaceted regulation with implications for banks, technology companies, financial institutions, regulators and most important of all, You and I – the end customers. At first glance, the PSD2 focus seems ...

5 Ripple Tweets That Absolutely Dominated Money20/20 Asia

Mar

17

2018

I was curious to see what happened at Money 20/20 Asia, which took place in Singapore this last week, 13-15th March. So, took to Twitter to get the low down. There was some pretty interesting stuff, covering all of the hot topics: cybersecurity, financial inclusion, a keynote by Piyush Gupta, the fintech unbundling of banks, ...

Is Amazon About to Disrupt Banking? [Infographic] 4

Mar

15

2018

Last week Bain and Company released a published an article titled Banking’s Amazon Moment. I think its fair to say that it has caused a storm, Amazon are disrupting virtually every industry they get into. Couple that with the Fintech threat (or is it?) and it accelerates-heightens previous concerns about technology companies and you have ...

23 Step ‘Fintech Action Plan’ by the European Commission 2

Mar

9

2018

Today the European Commission published a 23 Step ‘Fintech Action Plan’ to help promote more competitive and innovative financial services across the European Union. The Fintech Action Plan press release gives you a quick flavour of the high level plan with the usual focus on blockchain, distributed ledger technologies, digitisation, cybersecurity and crowdfunding with a view ...

What the Bank of England Really Thinks About Cryptocurrencies 1

Mar

7

2018

Last week the Bank of England Governor. Mark Carney, talked to some students at Edinburgh University about the Future of Money. The speech hit the headlines last week because Mark describing cryptocurrencies as a failure, that needed to be regulated. Its investors were described as fools, while at the same time Mark Carney recognised the ...

The Top Payments News Stories in February 2018

Feb

28

2018

This month the payments news stories seem to be dominated by PSD2, Open Banking and all things blockchain. In particular stories of multiple Ripple initiatives here, there and everywhere! Plenty of interesting reading, with some noteworthy reports too. Check out the following top payments news stories for February 2018: 1. Payments News – Cyber Security ...