Open Banking RSS
As much as 15% of banks’ global payments revenue, or $280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more... more
The post Report: Banks risk losing $280 billion in payments revenue by 2025 appeared first on Payments Cards & Mobile.
National Competent Authorities (NCAs) – the national bodies responsible for overseeing PSD2 in EU member states should be flexible around the implementation deadline for PSD2 in a bid to avoid an Open... more
The post National regulators should promote PSD2 flexibility to avoid Open Banking cliff edge appeared first on Payments Cards & Mobile.
According to a new report, global investments in FinTech has fallen by 29% in H1 2019 as deal activity in China in particular fell sharply amid an escalating trade war... more
The post Global FinTech investments falls sharply – Trade war and poor economic outlook to blame appeared first on Payments Cards & Mobile.
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