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Jan 16, 2025 | 
finextra.com | Darya Lyhach
Open banking is no longer a novel trend — it’s becoming a popular payment method among consumers, and open banking data is leveraged widely across industries. What started from PSD2 legislation in Europe has now grown into the mainstream with adoption accelerating
and new technologies like AI taking open banking a step further.
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Dec 4, 2024 | 
finextra.com | Darya Lyhach
Payment methods around the world have transformed, reflecting the rapid pace of innovation. From traditional cash and credit cards to digital wallets and open banking solutions, consumers now have more options than ever before. Understanding regional payment
preferences is key for global merchants looking to enhance their customer experience and improve conversion rates.
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Feb 29, 2024 | 
finextra.com | Sergiy Fitsak |Boris Bialek |Mousser Rahmouni |Darya Lyhach
Pay by Bank, that includes the popular Account-to-Account (A2A) payment method, introduces a streamlined, cost-effective, and instantaneous payment solution for both merchants and consumers. Our blog delves into the myriad benefits, potential hurdles, and
the evolving landscape of Pay by Bank adoption.
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Feb 29, 2024 | 
finextra.com | Sergiy Fitsak |Boris Bialek |Mousser Rahmouni |Darya Lyhach
In the rapidly evolving world of global finance, cross-border transactions are undergoing a transformative shift, marked by technological advancements and changing market demands.
Here are our predictions for the future of these transactions.
Businesses look for ease in cross-border B2B transactions.
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Feb 28, 2024 | 
finextra.com | Boris Bialek |Mousser Rahmouni |Darya Lyhach |Nicholas Holt
In 2024, digital banks continue to rise, drawing in customers with their innovative services. Leading digital banks such as Chime, Current, and Varo
report significant increases in both customer numbers and deposit volumes.
The competitive landscape is intensifying as technology giants and traditional banks unveil their digital banking solutions, including Google Plex, Amazon's collaboration with Goldman Sachs on Marcus, and JP Morgan's Finn app.
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Feb 28, 2024 | 
finextra.com | Boris Bialek |Mousser Rahmouni |Darya Lyhach |Nicholas Holt
Open banking, also known as open finance, is transforming the banking industry with financial institutions embracing greater transparency and collaboration, while also driving product innovation. In fact, the number of individuals utilising open banking
services is expected to reach – a trend which is already stimulating competition, and encouraging more partnerships between traditional banks and fintech companies.
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Feb 26, 2024 | 
thepaymentsassociation.org | Darya Lyhach
Open banking unlocks customer data, driving competition and innovation while reshaping the financial landscape for a more inclusive future. Open banking, a revolutionary concept in the financial industry, has reshaped how traditional banking functions and interacts with its customers. With open banking, customers are granted access to various financial services through a single application or platform.
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Feb 26, 2024 | 
finextra.com | Darya Lyhach |Nicholas Holt |Steve Rose |Priya Kumari
Revolutionising the landscape for merchants,
Volume has announced their latest innovation: One-Click Verification. Similar to Volume's groundbreaking One-Click check out, this unparalleled solution addresses the critical need for merchants, such as iGaming, Money Remittance, Crypto, Fintechs and other
businesses, to streamline age verification and ensure the authenticity of user data in compliance with regulatory standards.
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Oct 26, 2023 | 
finextra.com | Sergiy Fitsak |Mike Kresse |Steve Haley |Darya Lyhach
On 28th June 2023, the European Commission announced the proposal for modernising payment services and opening financial services data with the aim of bringing payments and the larger financial sector into ‘the digital age’.
This is a key step in the transition of the industry from Open Banking to Open Finance. Not surprisingly, this coincides perfectly with this year’s Sibos theme of “Collaborative finance in a fragmented world” with Open Finance identified as a key trend to
achieve this.
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Oct 26, 2023 | 
finextra.com | Sergiy Fitsak |Mike Kresse |Steve Haley |Darya Lyhach
The fintech sector in 2023 has experienced unparalleled expansion, marking its prominent role in the worldwide financial landscape.
As per EMR's data, the global fintech market reached a significant valuation and is projected to expand at a
CAGR of 16.8% during 2023-2028, targeting a market size of USD 492.81 billion by 2028.
The rise in online transactions, the growing appeal of mobile banking, and the emergence of blockchain technology stand as a testament to this fintech metamorphosis.
