Payments - Long Reads, News, Articles & Research: Finextra

How to foster conversations at the intersection of policy, technology and finance

Pat Patel Executive Director at Elevandi

How to foster conversations at the intersection of policy, technology and finance

Today’s fragmented regulatory landscape inadequately serves the ambitious innovators aiming to revolutionise the finance and technology sectors. Although discussions about regulating Big Tech have been ongoing for years, little has been done to counterbalance the sector’s growing influence or to bolster emerging players that are striving to improv...

13 November 2023 /payments

How many times has the ISO 20022 deadline been changed or delayed?

Paige McNamee Senior Reporter at Finextra

How many times has the ISO 20022 deadline been changed or delayed?

Following recent news that the European Payments Council (EPC) postponed the SEPA payment scheme's ISO 20022 migration by four months, it began to feel a little like groundhog day in the Finextra offices. In response, we decided to pull together all of the times since 2020 that we’ve seen delays to ISO 20022 migrations for payment schemes across t...

26 October 2023 /payments

SEPA Request to Pay has just 3 registered adherents, the EPC isn’t worried

Paige McNamee Senior Reporter at Finextra

SEPA Request to Pay has just 3 registered adherents, the EPC isn’t worried

Despite listing just 3 adherents as having registered as SEPA Request to Pay (SRTP) adherents (as of the 13th of October 2023), the European Payments Council (EPC) is unconcerned about the pace of uptake. To better understand the registration process and rate of registration, Finextra sat down with director general of the EPC, Giorgio Andreoli. Req...

25 October 2023 /payments

The necessity of strong foundations for changing global payment rails

Dominique Dierks Content Manager at Finextra

The necessity of strong foundations for changing global payment rails

This is an excerpt from The Future of Digital Banking in North America 2024 report. Modernising payments by adapting non-traditional payment systems is generally thought of as the way forward for financial institutions. But in order to effectively embrace non-traditional payments, authorities and institutions need to be able to draw from solid fo...

24 October 2023 /payments

Future of Fintech in Latin America 2023: Is BaaS a burgeoning trend?

Retired Member

Future of Fintech in Latin America 2023: Is BaaS a burgeoning trend?

This is an excerpt from The Future of Fintech in Latin America 2023 report. All signs point toward a bright future for the fintech sector in the very fragmented market that is Latin America. There is potential to serve nearly 700 million individuals; however, there are disparities across the market shown by the region being “dominated by a plethor...

30 August 2023 /payments

Future of Fintech in the Middle East 2023: Are we entering a new era?

Nauman Hassan Director at Paymentology

Future of Fintech in the Middle East 2023: Are we entering a new era?

This is an excerpt from The Future of Fintech in the Middle East 2023 report. The Middle Eastern banking and payment landscape is in the midst of an evolution. The advent of new technologies such as artificial intelligence (AI), blockchain, big data and cloud computing, as well as the increasing demand for more convenient, secure, and faster payme...

16 August 2023 /payments

Why contactless payments are critical for business growth

Kirsty Morris MD of commercial solutions at Barclaycard Payments

Why contactless payments are critical for business growth

UK businesses know that now, more than ever, getting ahead of the competition is crucial – as inflation, the cost-of-living crunch and geopolitical turbulence have created a tough operating environment. Having the right payments offering can help companies achieve a competitive advantage, but with a fast-changing technological landscape, where sho...

24 July 2023 /payments

How to design a payments system that never fails

Madhvi Mavadiya Head of Content at Finextra

How to design a payments system that never fails

Payment data is driven by innovation, real-time experience, high availability, and cost reduction. Financial institutions must meet consumer demand via an infrastructure that allows for mobile-first banking, real-time analytics, API-driven open banking, and data enrichment, for instance, personalisation and fraud prevention. However, this is not p...

19 July 2023 /payments

EBAday: A quest for global interoperability

Finextra Research Writer at Finextra

EBAday: A quest for global interoperability

Kicking off the 18th edition of EBAday – this time in Madrid, Spain – Wolfgang Ehrmann, chairman, Euro Banking Association, opened the show by gracing the stage and welcoming nearly 1200 practitioners from all corners of the payments and transaction banking ecosystem to discuss the latest trends and share different perspectives. At the second in-p...

05 July 2023 /payments

Fintech Sentiment: PSD3 and PSR1 welcomed by the fintech industry

Paige McNamee Senior Reporter at Finextra

Fintech Sentiment: PSD3 and PSR1 welcomed by the fintech industry

The European Commission’s long-awaited review into the current Payment Services Directive (PSD2) has landed, and with it, the establishment of a new Payment Services Regulation (PSR). Adopted seven years ago, the landscape in which PSD2 was first implemented has evolved and expanded significantly, in fact, the value of electronic payments reached €...

04 July 2023 /payments

Payments processing – from commodity to business opportunity?

Madhvi Mavadiya Head of Content at Finextra

Payments processing – from commodity to business opportunity?

According to Alexandre Maymat, head of GTPS at Société Générale, increased demand for faster and more efficient payments processing and the need for digital payments systems have led to the fostering of Payments-as-a-Service (PaaS). “PaaS platforms allow access to a wide range of payment rails from a single source and integrate with business ERPs

22 June 2023 /payments

Níamh Curran Senior Reporter at Finextra

The rise of banking-as-a-service

Banking-as-a-Service (BaaS) has become one of the major trends rising within payments. Gartner predicts that BaaS will be mainstream before the end of 2024 and this trend has sat at the top of the Gartner Hype Cycle from September 2022. This is an excerpt from Future of Payments 2023. BaaS is when banks open their APIs to allow digital banks and o...

22 June 2023 /payments

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