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Jul 15, 2024 | 
finextra.com | Kaustuv Ghosh |Jamel Derdour |Taras Boyko |Andrei Scutari
Payment facilitators (Payfacs) are used by millions of small businesses every day to run their operations. In a competitive market, the difference between Payfacs can be as small as a point or two of difference in fees. To stand out, Payfacs need to find
differentiated ways to serve their customers to preserve their fees. The good news? Payment processing itself holds the key to creating that value and deepening customer relationships.
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Jul 15, 2024 | 
finextra.com | Willem Lambrechts |Harriet Christie |Andrei Scutari |Veronika Tibilashvili
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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
The Payment Services Regulations (PSR) approach will bring about a significant change for all the payment firms.
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Jul 15, 2024 | 
finextra.com | Willem Lambrechts |Harriet Christie |Andrei Scutari |Joris Lochy
Depending on the size of the project, developing a FinTech app can take several months to more than a year. The global fintech market is expected to reach $309.98 billion by 2022, rising at a compound annual growth rate (CAGR) of 24.8% between 2018 and 2022. This increase is a reflection of the growing need for creative financial solutions brought forth by advancing technology and changing client preferences.
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Jul 12, 2024 | 
finextra.com | Harriet Christie |Andrei Scutari |Joris Lochy |Steven Rackham
The Critical Importance of Archiving Digital Contracts and Signatures in the Context of European eIDAS, NIS2, and DORA Regulations
As digital transformation accelerates, the shift from paper to digital contracts and signatures has become ubiquitous. However, this shift brings with it significant regulatory obligations, especially within the European Union, where the eIDAS, NIS2, and
DORA regulations play pivotal roles.
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Jul 11, 2024 | 
finextra.com | Andrei Scutari |Joris Lochy |Steven Rackham |Kieran HornJosh Holland
July 1, 2024 two months prior the originally planned launch, the next key dokument was published and shared withing the INDUSTRY 5.0 AMBASSADORS NETWORK in 119 countries.
The document and presentation describes the NINE IMPLEMENTATION STEPS, the roles of the leaders and the implementation output.
Originaly prepared for the heads of state, ministers, world leaders it is applicable across the industrial spectrum serving companies, organizations and corporations.
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Jul 11, 2024 | 
finextra.com | Andrei Scutari |Joris Lochy |Steven Rackham |Kieran HornJosh Holland
On June 26, 2024, after months of preparation was published the DECLARATION OF HUMAN RIGHTS and RESPONSIBILTIES, prepared my MICHAEL RADA, BILL MCCLAIN and KEVIN MACKENZIE as part of INDUSTRY 5.0 GLOVAL DEVELOPMENT.
The DECLARATION consist of 13 RIGHTS and 4 RSPONSIBILTIES
The intention is to mature the original UNIVERSAL HUMAN RIGHTS DECLARATION published on December 10, 1948 in PARIS.
The response is positive.
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Jul 11, 2024 | 
finextra.com | Taras Boyko |Andrei Scutari |Eddie Harrison
The United Kingdom is at the forefront of a payments revolution, transitioning rapidly from traditional cash transactions to digital and contactless payments. This shift is driven by technological advancements, changing consumer behaviours, and strategic
initiatives aimed at enhancing financial inclusivity and efficiency. This article explores the growth of payments in the UK, highlighting key trends, driving factors, and the implications for the future of financial transactions.
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Jul 9, 2024 | 
finextra.com | Andrei Scutari |Eddie Harrison |Abhinav Paliwal
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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Buy Now, Pay Later (BNPL) is an emerging trend that has rapidly gained traction.
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Jul 9, 2024 | 
finextra.com | Andrei Scutari |Eddie Harrison |Abhinav Paliwal
In Sub-Saharan Africa, mobile money is now essential to boosting financial inclusion. Because of the innovative mobile network operators in Kenya and other countries, East Africa used to be the core of mobile money.
The availability of these services has expanded recently, to the point where by 2022 all 12 economies of the world are located in Sub-Saharan Africa, and more adults there have mobile money accounts than bank or other similarly regulated financial institution
accounts.
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Jul 9, 2024 | 
finextra.com | Andrei Scutari |Eddie Harrison |Abhinav Paliwal
In June 2023, The European Commission
announced its proposals on regulations governing the payment services industry within the union. The much-anticipated third Payment Services Directive (PSD3) represents the completion of the Commission's review of the second Payment Service Directive, released
nine years ago and is slated for release in the first half of 2025.
Since 2016, when
PSD2 was introduced, the payments landscape has undergone significant changes.
