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German supervisory regime lambasted over Wirecard collapse
- Finextra -
- 04/11/2020
Europe’s top regulatory body has issued a stinging indictment of the German financial supervisory regime which allowed bankrupt payment processor Wirecard to hoodwink investors for years.The report by the European Securities and Markets Authority (Esma), identifies a number of “deficiencies, inefficiencies and legal and procedural impediments” in the two-tier
The Future of Insurance Europe: Reuters Exclusive CEO and C-Suite Leadership Discussion Points
- Reuters -
- 04/11/2020
The Future of Insurance Europe (Nov 24-25, 2020, Online), will unite the most influential CEOs and insurance C-suite leadership teams for real business discussions to develop solutions, tackle challenges, set benchmarks and collectively lay the foundations for the future. With over 30+ CEOs and C-Suite execs from all major
Role of FinTech in the post-COVID-19 world
- Richard Summerfield -
- 04/11/2020
The growth of the global FinTech market has been significant. According to the Business Research Group, the market was valued at about $127.66bn in 2018 and expected to reach $309.98bn at an annual growth rate of 24.8 percent through 2022. Of course, the COVID-19 pandemic has caused significant disruption
Five revenue-generating ideas for fintech/bank partnerships
- Joanna England -
- 03/11/2020
Collaborative approaches to boost the fintech sector by teaming with, rather than seeking to disrupt, established banks. The fintech industry worldwide has grown very successfully over the past decade. But since the global pandemic, start-ups have suffered through a lack of investment from areas that previously have supported the
nexo standards: Providing the building blocks for global card payment acceptance
- Crouzet -
- 03/11/2020
Arnaud Crouzet, General Secretary of nexo standards talks about how the lack of interoperability in today’s complex global payments acceptance world is hindering merchants’ plans for international expansion. As technologies evolve to offer evermore payment options for consumers and globalisation continues at a rapid rate, it is inevitable that
PSD2 and GDPR – Customer consent is the key
- Paul Weiss -
- 03/11/2020
PSD2 & GDPR will come into force in the first half of 2018. Paul Weiss, Consulting Practice & Financial Services from Accenture talks about their seemingly conflicting coexistence. While the PSD2 is all about making the data of individuals available to third parties, the GDPR is all about keeping this data
Why COVID-19 is accelerating the shift of international remittances to digital
- Lorenzo Pellegrino -
- 03/11/2020
Author: Lorenzo Pellegrino, CEO of Skrill, NETELLER and Income Access, at Paysafe Group For millions of people across the globe, sending money home to family and loved ones is a normal part of life. For the recipients of those transactions, the finances they obtain is often their only source
Mastercard selects Token.io as a partner for its new open banking hub
- PCN -
- 03/11/2020
Token provides pan-European access to banks, exceptional UX, enhanced security and richer functionality for businesses and consumers. Turnkey open banking platform provider, Token.io Limited, today announces it has been selected by Mastercard to power the connectivity layer of its open banking hub. The hub will connect merchants, retailers and
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Mastercard: The cashless economy is taking hold in Australia
- William Girling -
- 25/01/2021
Research conducted by Mastercard has found a surge in uptake for digital infrastructure among Australian companies amid COVID-19. Using a representative sample of 806 domestic businesses and conducting a survey regarding their experiences during the pandemic so far, Mastercard reports that 52% have shifted and accelerated their focus on ecommerce structures. 68% claimed to have done so within a week of researching the option and 20% switched in just 24 hours. The company infers that COVID-19 is ultimately responsible for this change: online shopping methods facilitate the requirement for social distancing and cashless transactions reduce surface contact with the
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