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Report: Banks risk losing $280 billion in payments revenue by 2025
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
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National regulators should promote PSD2 flexibility to avoid Open Banking cliff edge
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
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Global FinTech investments falls sharply – Trade war and poor economic outlook to blame
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
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Only half of global banks are making significant advancements in digital transformation
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
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Bank of England set to allow access to FinTechs
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
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