Tag Archive | banking

Digital Payments Reach $6.7 Trillion in B2B Transactions

Digital Payments Reach $6.7 Trillion in B2B Transactions

According to the latest worldwide market study by Juniper Research, B2B transactions processed by pureplay digital payment operators will reach $14 trillion by 2023 — that’s up from $6.7 trillion in 2018.

via Digital Lifescapes

Data Protection and the Future of Financial Services

Data Protection and the Future of Financial Services

“92 percent of those surveyed agreed that companies must be proactive about data protection. The good news for banks: most consumers (42%) trust them more than any other industry, apart from hospitals.”

via World Economic Forum

Why Small Business Banking Has Been Disrupted

Why Small Business Banking Has Been Disrupted

Fintech has discovered SMB banking. “Small and medium-sized businesses are crucial sources of revenues and profits at most banking providers, so the prospect of bank brands losing their relevance among SMEs should keep bankers awake at night.”

via Forrester

How a $1.3 Billion Institution Launched a Digital Bank

How a $1.3 Billion Institution Launched a Digital Bank

“Most community banking providers can’t match the digital sophistication of megabanks. But River Valley Bank and it’s aptly named ‘IncredibleBank’ online unit prove that small fish can swim with the sharks. Here’s how this community bank manages to innovate and thrive without selling its soul.”

via The Financial Brand

Fraud Detection and Prevention Secures Digital Payments

Fraud Detection and Prevention Secures Digital Payments

The digital payments arena is undergoing rapid change, owing to a combination of factors. Transactions are growing rapidly year-on-year as convenience improves, and regulatory changes help to drive adoption. Meanwhile, the scope of different payment types is increasing.

via Digital Lifescapes

Banking with Blockchain will Increase Money Transfers

Banking with Blockchain Increases Money Transfers

Global remittances totaled $613 billion in 2017, marking a 7% increase from $573 billion in 2016. Factors such as stricter immigration policies have possibly resulted in an increase in the number of remittance payments this year, and the 2018 figures are expected to rise accordingly.

via World Economic Forum

The Top Fintech Startups of 2018

The Top Fintech Startups of 2018

The financial services industry is being transformed by insurgent startups. From capital markets to insurance and digital banking to wealth management, the Fintech 250 are among the most promising of these companies globally.

via CB Insights