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News and resources on payments systems, innovations and initiatives worldwide.

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Latest news

Varo picks Marqeta as issuer processor

Varo picks Marqeta as issuer processor

JP Morgan preps more biometric payment pilots

JP Morgan preps more biometric payment pilots

Two more Wirecard executives implicated in widening financial scandal

Two more Wirecard executives implicated in widening financial scandal

1

Bilt rewards on a tear with $150 million fund raise

Bilt rewards on a tear with $150 million fund raise

JPMorgan ponders legal action over Zelle probe

JPMorgan ponders legal action over Zelle probe

1

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Community

Brandon Spear

Brandon Spear CEO at TreviPay

How merchants can build a future-forward payments tech stack to win in B2B

Henrik Grim

Henrik Grim CEO and Co-founder at Mimo

How to Solve a Problem Like SMB Finance? A Roadmap to Fixing Late Payments in the UK

Abhinav Paliwal

Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

How To Make Payments In The UAE vs Egypt?

Jamel Derdour

Jamel Derdour CMO at Transact365 / Nucleus365

Digital Payments in Indonesia: A New Era of Financial Efficiency

All /payments opinions
[Impact Study] Payment Fraud in 2024: Who is Liable?Finextra Promoted[Impact Study] Payment Fraud in 2024: Who is Liable?
/payments

Company updates

All /payments company updates

Transak introduces wire transfers for crypto purchases

Torpago hires former PayPal and Visa executives to lead business operations

Okoora rolls out mobile app for multi-currency business payments

Vodeno and Aion Bank will offer Blik-as-a-Service to financial institutions across Europe

Unlimit and Yuno join forces

/payments

More news

Next Generation and Decta collaborate on euro stablecoin project

Next Generation and Decta collaborate on euro stablecoin project

2

NPCI cuts off hundreds of banks over IT vendor ransomware attack

NPCI cuts off hundreds of banks over IT vendor ransomware attack

Finextra is getting a new look!

Finextra is getting a new look!

2

Bourgeois Boheme raises €6.5m for financial platform for the rich

Bourgeois Boheme raises €6.5m for financial platform for the rich

1

ECB invites industry experts to advise on offline deployment of digital euro

ECB invites industry experts to advise on offline deployment of digital euro

2

PSR stands firm over reimbursement model for APP fraud

PSR stands firm over reimbursement model for APP fraud

5

All /payments news
/payments

Trending

Finextra is getting a new look!

PSR stands firm over reimbursement model for APP fraud

ECB invites industry experts to advise on offline deployment of digital euro

Bourgeois Boheme raises €6.5m for financial platform for the rich

JPMorgan ponders legal action over Zelle probe

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Expert opinions

Brandon Spear

Brandon Spear CEO at TreviPay

How merchants can build a future-forward payments tech stack to win in B2B

In a growing digital economy, geographical boundaries aren’t a barrier anymore which intensifies competition. For companies ready to take on the challenge of global expansion, a powerful and secure e-commerce platform is essential. With 80% of B2B sales interactions projected to shift online by 2025, the race is on to streamline digital channels ...

/payments /predictions Payments strategies 2015-2020-2030

Henrik Grim

Henrik Grim CEO and Co-founder at Mimo

How to Solve a Problem Like SMB Finance? A Roadmap to Fixing Late Payments in the UK

With Keir Starmer’s feet firmly planted under the Cabinet table, one of his first focuses will be on boosting growth. That six-letter word will be the driving force behind his achievements in Number 10, and at the heart of his economic success must be the UK’s small businesses and the fintech sector. According to the Federation of Small Business, ...

/payments /startups UK Faster Payments

Abhinav Paliwal

Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

How To Make Payments In The UAE vs Egypt?

Both consumers and organizations need to comprehend the payment trends and preferences in Egypt and the United Arab Emirates. Due to the COVID-19 pandemic, digital reforms, and central bank activities, both countries are experiencing notable shifts in their payment networks. UAE's Top Payment Methods And Trends 1. Decline in Cash Use: The United ...

/payments Digital Bank Transformation

Jamel Derdour

Jamel Derdour CMO at Transact365 / Nucleus365

Digital Payments in Indonesia: A New Era of Financial Efficiency

Indonesia, with its dynamic economy and vast population, is experiencing a remarkable transformation in its financial landscape through the rapid adoption of digital payments. As smartphones become ubiquitous and internet connectivity improves, digital payment platforms are revolutionising transactions for both consumers and businesses. This artic...

/payments /markets Payments strategies 2015-2020-2030

Ramon Villarreal

Ramon Villarreal Payments Industry Lead at Red Hat

Why Hybrid Cloud Platforms are the new Payments Paradigm

Secure, reliable, resilient. These characteristics have long been associated with the world’s most successful payments environments. However, to maintain these benefits, change in payments has historically been slow. But being static is no longer an option. Constant transformation is now the norm due to the proliferation of enabling technologies ...

/payments

All community in /payments
/payments

Trending

Henrik Grim

Henrik Grim CEO and Co-founder at Mimo

How to Solve a Problem Like SMB Finance? A Roadmap to Fixing Late Payments in the UK

Abhinav Paliwal

Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform

How To Make Payments In The UAE vs Egypt?

Scott Dawson

Scott Dawson Head of Sales & Strategic Partnerships at DECTA

The Smart Approach to Risky Business

Jamel Derdour

Jamel Derdour CMO at Transact365 / Nucleus365

The Future of Embedded Finance Solutions in the UK

Benjamin Avraham

Benjamin Avraham Founder & CEO at Okoora

Navigating Regulatory and Structural Challenges in Automating Currency Risk Management

/payments

Research

Payment Fraud in 2024: Who is Liable?

Impact Study

Payment Fraud in 2024: Who is Liable?

Fraud is a billion-dollar business in the Instant Payments era. Statistics show that ecommerce fraud is predicted to exceed $48 billion globally by the end of 2023 alone and could exceed $362 billion between 2023 and 2028.  In 2024, banks will not only contend with the changing liability landscape, but the upcoming adoption of ISO 20022 as well. Both represent a historical shift in the financial services industry. To prepare for a higher degree of liability in a data-rich environment, banks need to address the holistic landscape of fraud mitigation.  This Finextra impact study, produced in association with NICE Actimize, addresses the changing liability landscape and what banks need to do to prepare for regulatory changes and increased fraud protection.  We cover:  Shifting liability and the impact of new PSR regulation  ISO 20022’s impact on the financial industry  Financial industry priorities in 2024  And more. 

458 downloads

Payments Modernisation: The Big Survey 2024

Survey

Payments Modernisation: The Big Survey 2024

Welcome to the fourth edition of The Big Survey. Our annual report, surveying 350 senior bankers across the globe, offers a unique vantage point on the ever-evolving landscape of payments modernisation. Over the years, we’ve uncovered fresh developments and enduring challenges alike, painting a detailed picture of the industry’s trajectory. As we navigate 2024, the financial services sector is in the midst of profound transformation. Our latest insights highlight the critical need to modernise payment systems swiftly and effectively, driven by rising customer expectations and stringent regulatory demands.  Download our 2024 survey to learn about:  The current state of capabilities  Why payments architecture is more flexible than ever before  Financial institutions’ budgets and spending priorities  The global drive towards real-time and cross-border  And much more. 

830 downloads

The Future of Digital Banking in Europe 2024

Future of Report

The Future of Digital Banking in Europe 2024

A Money20/20 Special Edition. In 2023, fintech investment in the EMEA region dropped to $24.5 billion, down from $49.6 billion in 2022 – a seven year low.  Macroeconomic and global political conditions are creating challenges for growth, with upcoming general elections around the world adding to the uncertainties in financial ecosystems. Despite these challenges, the outlook for European digital banking remains positive.  The region continues to lead in innovation within the financial sector. This Finextra report, a Special Edition for Money20/20 Europe, features interviews with key players in the European financial services and fintech industries. It includes insights from Vodeno, EY, J.P. Morgan, Swift, Tink, and TrueLayer, and explores the following topics that will be addressed in Amsterdam: Hyper-personalisation: Moving towards super apps  Embedded payments driving the Banking-as-a-Service revolution  Variable recurring payments: The next step in European open banking  Is Europe ready for MiCA? From Web1 to Web3, or Markets1 to Markets3  How European fintech is facing macro challenges 

901 downloads

All /payments research
/payments

FinextraTV

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

At EBAday 2024, Marc Corbalan, Vice President, A2A Risk Solutions, Visa, explores fraud detection advances and strategies. Generative AI is truly revolutionary and outperforms traditional AI when it comes to analysing text, voice, and imagery, namely describing when transactions are risky. However, Generative AI struggles with numerical data that includes patterns, which is what fraud analysts using search for. This is why traditional AI must be used alongside Generative AI.

How Open Banking will Enable Embedded Finance

How Open Banking will Enable Embedded Finance

2024 Payments Trends and Adding Value

2024 Payments Trends and Adding Value

The Intersection of Wildlife Trafficking and Financial Crime

The Intersection of Wildlife Trafficking and Financial Crime

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

All /payments on FinextraTV
/payments

Events

September 2024

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September 2024

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Webinar

Real Time Goes Global: Expanding Revenue Potential Beyond Borders

How real-time will hit the big time and expand revenue potential for financial institutions of all sizes.

Speakers from: CGI Inc.

Online 99

Webinar

Payment Scams and Fraud: Changing Bank Behaviour and Regulatory Frameworks

Is the financial services industry acknowledging that there is a shared responsibility between banks and consumers to protect accounts and payments?

Speakers from: Outseer

Online 189

Webinar

Payment Orchestration: Remaining Relevant in Today’s Market

How can businesses offer a closed-loop, single vendor approach and an open-loop, multi-acquiring strategy at the same time?

Speakers from: ACI Worldwide

Online 185

Webinar

Banks and Credit Unions: How to Establish the Core Banking Blueprint

What upgrades in core architecture must growing institutions consider to enable productive client banking relationships?

Speakers from: i2c Inc.

Online 78

4 Events in September
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October 2024

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October 2024

HideShow

Webinar

Winning Payment Strategies for High-Opportunity Industries

What fintech trends are shaping the future of high opportunity industries?

Online

1 Event in October
Show
All /payments events
/payments

Long reads

The top payment stories you missed in July
Dominique Dierks

Dominique Dierks Content Manager at Finextra

The top payment stories you missed in July

It was an eventful month in the financial sector. Catch up on six of our most-read news and updates from July 2024. Revolut is finally granted a UK banking license After three years of trying, Revolut has been granted a banking license, with restrictions, by the Financial Conduct Authority. Once the ‘mobilisation stage’ has been completed and the r...

Payments processing: Why banks should take a composable approach
Madhvi Mavadiya

Madhvi Mavadiya Head of Content at Finextra

Payments processing: Why banks should take a composable approach

Over the last two decades, many banks have faced the frustration of being locked into high operating costs. Minimal budgets cannot meet business needs for expansion or support the improvement of product offerings. This is partly due to regulatory requirements consuming the lion’s share of the budget and the high cost of maintaining legacy systems. ...

Currencies’ digital race on payment rails
Erol Kaya

Erol Kaya CTO at BUNA

Currencies’ digital race on payment rails

A global player as a financial messaging network: SWIFT More than 11,000 banks and financial institutions rely on the SWIFT messaging network for financial transactions. In 2022, the SWIFT network registered an impressive average of 44.8 million messages daily, facilitating $150 trillion in transactions annually. As of May 2024, the breakdown of t...

All /payments long reads

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