Row 1 - Latest/Ad/Opinon/Ad
Row 1 - Latest/Ad/Opinon/Ad
Fintech: Latest
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Fintech firms and foreign adoption of faster payments are revealing what many have long known – US consumer banks have resisted innovation in favour of profits. Now they face a death by a thousand cuts unless they embrace change.
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Corporates are realising they need a plan B when a technical error hits their payment systems, but banks are showing limited appetite to produce one.
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The Single Euro Payments Area prompted a wholesale change in how European banking operates and set a precedent for other regions on the possibilities open to them.
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The North American banking and treasury market is highly evolved but technology offers many routes to further sophistication.
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While banks continue to devote a lot of resources to compliance activity, there are signs that this investment is having less of a negative impact on service innovation.
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The number of countries with real-time payment systems continues to rise, raising the importance of addressing issues such as fraud detection and prevention, and collaboration.
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Banks in the Middle East are pushing ahead with new digital payment methods as the impact of the falling oil price starts to bite.
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US digital infrastructure far from ready; alternatives to mobile payments here to stay.
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Pools data to improve accuracy and transparency; could disrupt ratings industry.
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Saxo Bank has thrown open its doors to third-party institutions and developers to use its trading infrastructure with the launch of OpenAPI, bringing multi-asset trading capabilities to institutional and retail traders. It hopes the move will encourage a new generation of apps and services, harnessing the innovative spirit of a new wave of fintech companies.
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The North American market is already at a point of sophistication with its tech-led banking and treasury capabilities. US transaction bankers reveal the next stages of the market's digitization.
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Bankers and corporates are establishing systems to facilitate cross-border payments and FX processes as intra-regional trade grows.