Traditional banking has evolved over centuries into what we have today: digitalized products and services that keep the worldwide economic cogs turning. In pursuit of automation and digitalization banks have accrued sizeable…

As banks continue to grapple with the account-based payments processing model amid seemingly interminable margin pressures, the wider commercial implications of software developer capacity limitations are coming into much sharper focus. In…

The traditional payments processing model for account-based payments is under unprecedented strain amid diminishing profit margins, increasing competition from fintechs, and rising costs. These challenges are only set to compound in a…

The rapid convergence of emerging technologies and evolving business models is presenting banks with systemic and operational challenges that are proving profoundly difficult to navigate. Many banks are simply slow in responding…

On 28th June 2023, the European Commission (EC) set out its proposals for ‘modernising payment services and opening financial services data’. The proposals for payments – referred to as ‘PSD3’ –essentially reflect…

With 2023 emerging as the year of choice for banks when it comes to adopting new strategies and technologies to take control of their payments processing capabilities, many now find themselves at…

Just over a year ago, my colleagues and I offered a few predictions about developments and trends in global payments and banking, intended to help financial institutions shape their strategy for the…

Compared to other sectors, the financial industry has been slow to move to the cloud – and with good reason. Regulatory compliance and data privacy issues alone make banks hesitant to give…

The UK is due to upgrade its instant payments platform by mid-2025. The New Payments Architecture (NPA) aims to deliver multiple benefits, including ease of access and enhanced data carrying capabilities. In…