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Cloud: Does it deserve a bad rap from the Treasury?

In October, the UK Treasury Committee published a report on IT Failures in the Financial Services Sector and in November, it launched an inquiry that will focus on “the common causes of operational incidents…

Categories Blog cloud

Pan European instant payments: dream or reality?

It has been two years since the European Payments Council published the SEPA Instant Credit Transfer (SCT Inst) scheme and EBA Clearing launched RT1 – their infrastructure solution for the processing SCT…

Why aren’t banks extracting value from payments data?

As traditional financial institutions compete with big tech and fintech players, gaining access to and extracting value from payments data has become paramount. In fact, the Economist recently described data as now the most…

Detecting Fraud in An Imbalanced Payments World

There’s been a lot in the press recently about the benefits Machine Learning offers when it comes to fraud detection. However, there are limitations. In reality, most of the payments transactions made…

Striving for ubiquity and interoperability in the US

The first Faster Payments Barometer, conducted by the US Faster Payments Council in partnership with Glenbrook, received over 700 responses with broad coverage across industry stakeholder groups such as financial institutions, core…

Should banks outsource payments?

At a recent webinar hosted by InstaPay on payments transformation, a question was posed to the speakers (from HSBC, Nordea and Icon Solutions); “Given the challenges involved in payments transformation and the…

Categories Banking Blog Payments