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No news found.
11 billion transactions shift to digital payments by 2023
The dramatic shift of consumers away from the use of cash has accelerated once again amid the Covid-19 pandemic.
03 December 2020
Global market size of digital payments industry soares
The number of non-cash transactions, or digital payments, soared worldwide last year to surpass 700 billion – adding up to nearly 100 digital transactions on average in a year for each person on earth.
29 October 2020
Accenture to help Bank of England with payments overhaul
The Bank of England has hired IT consulting firm Accenture to refresh a key part of the UK’s crucial payments system in a deal worth up to £150 million.
14 August 2020
AI helps HSBC cut false alarms from flagged payments
An AI tool designed and implemented by KPMG has enabled HSBC to save nearly a quarter of its sanctions monitoring spend.
16 July 2020
CGI partners with Ordo for innovative payments service
Global IT consultancy CGI has established a new partnership with Ordo to deliver a sector and flexible payments service.
05 June 2019
PA expands payments team with new Partner appointment
International professional services firm PA Consulting has expanded its payments team with the hire of a new Partner from Capgemini.
22 February 2019
Regulatory and operational barriers to digital payment remain
While demand for digital payments soars, particularly in developing markets, regulatory and operational requirements remain barriers to innovation.
22 October 2018
Interview: Paul Marcantonio, Head of UK & Western Europe at ECommPay
Paul Marcantonio is Head of UK & Western Europe at ECommPay, a payment service provider.
17 October 2018
Grant Thornton confirmed for administration of payday loan firm Wonga
Controversial pay day lender Wonga has collapsed into administration, following a slew of compensation claims which rocked the company in recent years.
04 September 2018
Banks payment revenues to hit $1 trillion by 2026
Banks’ payment segments are set to see strong growth in retail and wholesale markets on the back of booming emerging markets – boosting revenues by $1 trillion to 2026.
05 January 2018
Blockchain technology is not just for financial services
If global supply chains are to gain the full benefit of blockchain technology for managing payments and related data, all parties that play a role in global trade must be involved, writes Alexander v
24 July 2017
Blockchain Technology: How it works, main advantages and challenges
The market entry of blockchain technologies is touted as one of the most disruptive forces for the financial services industry and beyond, according to analysts, set to radically transform the way tr
25 May 2017
Accenture acquires payment advisory First Annapolis Consulting
In the face of increasing demand from financial services institutions across the globe looking to develop solutions in the payments space, First Annapolis Consulting was recently acquired by Accentur
27 March 2017
The potential of blockchain as a future financial services infrastructure
The potential for blockchain technologies to create considerable disruption in the financial services industry has created considerable hype, as well as spurred considerable effort to explore the phenomenon.
02 March 2017
Boudewijn Schenkels and Paul Alfing join Payments Advisory Group
Payments Advisory Group, a Netherlands-based consultancy specialised in the payments industry, has in recent months added two new senior consultants to its ranks: Boudewijn Schenkels and Paul Alfing.
04 November 2016
Accenture: Digital payment systems rise slowly as awareness grows
Digital payment systems are becoming more prevalent, as new technologies are rolling out. Consumers switching to the new systems remains key to their success.
26 October 2016
BearingPoint helps ANNA with setup of Derivatives Service Bureau
The Association of National Numbering Agencies has hired consulting firm BearingPoint to help the organisation streamline the operations of its newly launched Derivatives Service Bureau.
25 October 2016
Global payments revenues to hit $2 trillion by 2025, emerging economies lead
The global payments industry is set to enjoy revenue growth of more than $800 billion between now and 2025 on the back of strong growth within emerging markets.
11 October 2016
FinTech spurring banks and payments companies into active change
A rapidly transforming payments and funds transfer space, through the possibilities opened by digital technologies – is spurring incumbents to act.
26 September 2016
Wait and see mode risks successful implementation of MiFID II
The 12 month delay of MiFID II has propelled many financial services organisations into a ‘wait and see’ mode, on the back of continuing uncertainty and project teams which are struggling to maintain momentum.
26 September 2016
Fed hires McKinsey to support Faster Payments Task Force
To support the development and roll out of new payment systems in the US, the US Federal Reserve launched the Faster Payments Task Force in 2015.
09 May 2016
LD&A Jupiter advises on sale of FinTech firm XXImo to Sodexo
French multinational Sodexo has acquired XXImo, a Netherlands based FinTech startup. The deal – financial terms have not been disclosed – was advised on by corporate finance firm LD&A Jupiter.
29 March 2016
Implications of PSD2 XS2A adoption for banks industry
For a bank to effectively operate amongst FinTech challengers, it should know exactly what it wants to be to its customers.
01 March 2016
Accenture expands financial services blockchain footprint
Blockchain technology is estimated to have the potential to save the financial services industry up to $20 billion by 2021.
23 February 2016
Blockchain technology a potential game-changer for Finance
Large financial transactions have been virtual for a long time, moving around the world via banking and corporate systems and often tallied up in spreadsheets.
10 February 2016
BCG: Transactional-banking revenues grow to 2 trillion
The transactional-banking market is projected to grow $900 billion to almost $2 trillion by 2024, research by BCG shows.
06 January 2016
FIS and SAP enable wireless payments at gas stations
FIS and SAP have integrated their offerings to allow customers of petrol stations to pay for their fuel wirelessly without having to reach for their wallet.
26 November 2015
Payments platform Ripple inks deal with Accenture
Accenture has struck an alliance with Ripple, an enterprise company providing cross-currency settlement solutions for financial institutions.
22 October 2015
Mobile payment space taking hold across the globe
Mobile payment has been on the agenda of numerous players across industries for more than a decade.
14 October 2015
EY advises on Crowd Mobile | Track Holdings deal
Crowd Mobile, a global m-commerce and mobile entertainment company, has acquired Track Holdings, a Netherlands-based content distribution network with operations in 38 countries.
18 June 2015
BearingPoint: Banks should partner up with telcos
As the use of mobile is extending beyond calling and texting, opportunities arise for telcos to offer more and more services, including mobile banking.
07 May 2015
Aon: Employee engagement linked to insight of rewards
The overall engagement level of employees is strongly linked to the perception of their total rewards package offered by their employer, research by Aon Hewitt shows.
22 April 2015
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