Tag Archive | banking

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

How Fintech Disrupts Retail And Commercial Banks

How Fintech Disrupts Retail And Commercial Banks

“Variations on the digital challenger bank model championed in Europe are spreading globally with new entrants targeting niche customer pain points. Collectively this year, startups in our market map have raised over $1.7B in venture capital.”

via CB Insights

Mobile Merchant Transaction Growth in Emerging Markets

Mobile Merchant Transaction Growth in Emerging Markets

Numerous telecom service providers have expanded and tailored their services to offer the world’s poorest populations access to more sophisticated products  — such as personal savings and loans. Worldwide a large number of people who remain ‘unbanked’ are without a bank account or credit history.

via Digital Lifescapes

How Banks Use Blockchain for Trade Finance

How Banks Use Blockchain for Trade Finance

Trade finance has seen more successful blockchain pilots than other use cases, but will historically conservative banks have the same risk appetite to move from testing to full-scale production? Here’s the answer.

via CBinsights

Five Leading Industries will Fuel Blockchain Growth

Five Leading Industries will Fuel Blockchain Growth

According to the latest worldwide market study by Juniper Research, blockchain deployments will enable banks to realize savings on cross-border settlement transactions of more than $27 billion by the end of 2030, thereby reducing costs by more than 11 percent per on-chain transaction.

via Digital Lifescapes