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May 21, 2024 | 
finextra.com | Elias Thomaidis |Denis Shafranik |Nick Stephens |Delia Pedersoli
Open banking has significantly gained popularity in recent years, and customers have become more willing to adopt it. The latest
UK Open Banking Impact report, for example, revealed that in the six months to June 2023, over 11% of British consumers were active users of open banking, an increase from 7% in 2021.
But what is open banking, and where did it come from?
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May 21, 2024 | 
finextra.com | Elias Thomaidis |Denis Shafranik |Nick Stephens |Delia Pedersoli
The payment landscape is unpredictable, but technology allows businesses to constantly improve their offerings. However, this also means that customers expect more and want an enhanced buying experience. That’s why now more than ever, business leaders should
be evaluating their payment stack and assessing whether it’s serving their business’ growth. This is especially true if a company is planning to expand into new markets, which requires catering to local payment preferences.
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May 20, 2024 | 
finextra.com | Denis Shafranik |Nick Stephens |Delia Pedersoli |Priya Kumari
Introduction
In today’s fast-paced world, people expect quick and easy payment options. SEPA Instant Credit Transfer (SCT Inst) delivers just that! Launched in November 2017, SCT Inst is a real-time payment system that allows for instant transfers of Euros between accounts
in the Single Euro Payments Area (SEPA). This means you can send and receive money in seconds, 24/7/365.
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May 20, 2024 | 
finextra.com | Nick Stephens |Delia Pedersoli |Priya Kumari |Sergiy Fitsak
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May 20, 2024 | 
finextra.com | Delia Pedersoli |Priya Kumari |Sergiy Fitsak |Jamel Derdour
The UK is one of the leading countries in the world for open banking. Launched in the country in 2018, now, according to the
JROC, “over 7 million consumers and businesses [...] are using innovative open banking enabled products and services to manage their money and to make payments”.
Open banking is all about data sharing, innovation and collaboration.
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May 2, 2024 | 
finextra.com | Joris Lochy |Alex Kreger |Delia Pedersoli |Matt Ryan
In the field of databases, building effective and efficient data models requires a thorough understanding of storage connections. Building robust applications requires maintaining relationships between data pieces, whether you are using a relational database
system, a NoSQL database, or MongoDB. We'll examine storage relationships in this guide, with a special emphasis on Node.js and MongoDB.
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Apr 29, 2024 | 
finextra.com | Alex Kreger |Delia Pedersoli |Matt Ryan |Guy Melamed
In the world of financial services, the integrity of data systems is fundamentally reliant on non-functional requirements (NFRs) such as reliability and security. Despite their importance, NFRs often receive secondary consideration during
project scoping, typically being reduced to a generic checklist aimed more at compliance than at genuine functionality.
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Apr 29, 2024 | 
globalbankingandfinance.com | Delia Pedersoli
By Delia Pedersoli, COO, MultiPay Global SolutionsPayments have never been and will never be static. As technology, security, and consumer demands evolve so do payment methods. While card payments may rule the roost today, their days are already numbered. What will supplement card payments is still up for debate, however some strong contenders are arising. Built to deliver business benefits to retailers and an enhanced customer experience (CX), Pay By Bank is one contender with eyes on the throne.
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Apr 17, 2024 | 
futuresparity.com | Delia Pedersoli
Source: Finance DerivativeDominik Samociuk, PhD, Head of Security at Future Processing When more than 6 million articles of ancestry and genetic data were breached from 23 and Me's secure database, companies were forced to confront and evaluate their own cybersecurity practices and data management. With approximately 2.39 million instances of cybercrime experienced across UK businesses last year, the time to act is now.
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Apr 16, 2024 | 
futuresparity.com | Delia Pedersoli
Source: Finance DerivativeDominik Samociuk, PhD, Head of Security at Future Processing When more than 6 million articles of ancestry and genetic data were breached from 23 and Me's secure database, companies were forced to confront and evaluate their own cybersecurity practices and data management. With approximately 2.39 million instances of cybercrime experienced across UK businesses last year, the time to act is now.
