Yet, as digital payments continue to grow, banks can tap into US$500 billion opportunity in new payments revenue if they adopt innovative business models As much as 15% of banks’ global payments revenue, or US$280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible
Nets Fraud Ensemble uses machine learning to reduce fraudulent transactions by up to 40% Nets, a leader in the European payments industry, has collaborated with multinational professional services provider, KPMG, to develop Nets Fraud Ensemble, a next-generation fraud monitoring and prevention solution. As the total annual value of fraudulent transactions across Europe hits €1.8 billion,
FSS, one of India’s largest payments processor and a leading global provider of integrated payment products, and US-based Oracle Financial Services, will collaborate to enhance digital payments for banks. As part of this strategic relationship, FSS will provide specialized integration and hosting services for Oracle’s cutting-edge Oracle Banking and Payments solutions. FSS will also extend
SME Finance Forum presents the Global SME Finance Forum 2019, taking place at Hilton Amsterdam Airport Schiphol on October 7-9th, attended by 500+ senior executives from commercial banks, development finance institutions, fintech companies, regulators, and featuring study visits, a B2B marketplace, fintech expos, and much more. SME Finance Forum is proud to bring the Global SME
Standard Bank has retained its position as South Africa’s most valuable brand, according to the second edition of the BrandZ Top 30 Most Valuable South African Brands report. The annual study and evaluation of brands is conducted by global market research and insights firm Kantar, and communication and branding giant WPP. It values the Standard
SoftPOS enables Samsung mobile devices to be used for contactless transactions of any amount with no additional equipment First Data, now part of Fiserv, a leading global provider of payments and financial services technology solutions, together with Visa, a global leader in digital payments, and Samsung Electronics, will showcase the company’s new Software Point of
Paycorp Group (“Paycorp”) today announced the sale of its stake in Tutuka, a global payments enabler in emerging markets, to global financial services investors Apis Partners. Paycorp, an investee company of leading growth markets investor Actis, acquired a stake in Tutuka in 2015. Today, the company processes over US$ 1.2 billion in transactions annually for
ATMIA’s ATM Security Association (ASA) today published the2019 Global Fraud and Security Survey, one of the most comprehensive security reports in the ATM industry. The percentage of respondents reporting a general increase in ATM crime rose slightly from 54% in 2017 to 58% this year, the report found. Specific types of threats are covered in
The SWIFT global payments innovation (gpi) service is the largest change in cross-border payments over the last 30 years and is the new standard. SWIFT gpi dramatically improves the customer experience in cross-border payments by increasing their speed, transparency and end-to-end tracking. Hundreds of thousands of cross-border payments are being sent every day using the
Emirates NBD customers in the UAE will soon be able to get banking updates, track spends as well as listen to daily market briefings on their Amazon Alexa devices, as the bank continues to lead digital innovation in the MENA region with new Voice Banking solutions powered by “Amazon Web Services” (AWS). Using the Emirates
