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The $1 trillion that traditional retail and commercial banks have invested globally over the past three years to transform their IT operations has not yet delivered the anticipated revenue growth,... more
The post Only half of global banks are making significant advancements in digital transformation appeared first on Payments Cards & Mobile.
The Bank of England has gone on record saying it will allow FinTech companies to store funds overnight in interest-bearing accounts at the central bank, allowing them to bank at... more
The World FinTech Report 2019, published by Capgemini Efma, indicates that even though Open Banking has yet to reach maturity, the financial services industry is entering a new phase of... more
89% of airline, supermarket and subscription economy merchants are primed for Open Banking and have assessed the impact it will have on their business a new piece of research commissioned... more
The post Money 2020: 89% of merchants are primed for Open Banking appeared first on Payments Cards & Mobile.
Open Banking was launched to spur innovation in the financial services industry and create a better deal for consumers. But new research reveals that European financial institutions still have significant... more
The post European financial institutions see Open Banking as the biggest current threat appeared first on Payments Cards & Mobile.