Payments

The Payments Industry Must Migrate to a Single Platform

If 2016 should be remembered for something, it’s the launch of the first Visa/Mastercard/SWIFT-free payments system – the Unified Payments Interface (UPI) by the National Payments Corporation of India (NPCI). UPI is an open-source platform designed for the mobile age that helps with easy integration of various payment platforms. UPI...

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BankTech

Collaborative Culture Will Bring a New Leap of Innovation Into the Financial Services Industry

With 2017 around the corner, the financial services industry is way past the stage when technology startups and financial institutions are perceived as competitors, comprising an existential threat to one another. The year ahead is expected to accelerate and strengthen the collaborative culture in forms of mutually beneficial, balanced partnerships,...

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BankTech

Kontomatik Marks 2016 as the Best Year (So Far)

27.12.2016 – Warsaw, Poland – Kontomatik is happy to announce its exponential growth during the year 2016. Even though the company was founded in 2009, the current year has shown the highest level of growth throughout the company’s history. “2016 was another exciting year for Kontomatik. As planned, we intensified...

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Cards

SIA Announces Completion of the Acquisition From Unicredit of E-Money Processing Activities in Italy, Germany and Austria

CEO Massimo Arrighetti: “This operation, sustainable from an economic and social perspective, allows us to strengthen our European leadership and to grow in size.” The acquisition – effective from 1st January 2017 – concerns the management of around 13.5 million payment cards, 206,000 POS terminals and 12,000 ATMs of UBIS Milan,...

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Authentication & Security

ICOs and the Consumer-Side Impact of DLT

Over the past two years, distributed ledger technology (DLT) has seen tremendous interest by investors and financial institutions alike. There have been numerous variants of the technology coming up, both on the enterprise and consumer side. However, owing to the ecosystem scale of the technology, it is not surprising that...

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Financial Inclusion

A Look at the US' Financially Underserved Market and Opportunities

Low-income consumers in the US face personal, institutional and policy-related barriers to access the financial system. These underbanked consumers rely heavily on fringe financial service providers to conduct routine financial transactions and pay high fees in the process. The Center for Financial Services Innovation (CFSI) is the definitive voice on US...

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Fintech

What's in Store for RegTech in 2017?

RegTech has been a famous buzzword in 2016 and the industry – banking and FinTech alike – is looking eagerly at 2017. RegTech is comparatively a new term used in FinTech to describe a set of companies and solutions that address regulatory challenges across industries, including financial services, through innovative...

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