Glendy Kam

Mar 18, 2024 | finextra.com | John Bertrand |Leon Du Plessis |Glendy Kam |Parth Prafulbhai Sonara

Cross-border payments play a vital role in the seamless operation of the international economy, and their significance continues to rise as the world’s economies become increasingly interlinked through digital means. These payments have been growing at a compound annual growth rate of 5%, and this growth persisted even during the challenging times of the Covid-19 pandemic. Factors contributing to this growth include: The evolution and complexity of global supply chains.

Mar 15, 2024 | finextra.com | John Bertrand |Leon Du Plessis |Glendy Kam |Parth Prafulbhai Sonara

Generative AI, or GenAI has emerged as a disruptive force reshaping the landscape of banking and FinTech industries. The rapid adoption and advancement of GenAI are setting new benchmarks in technological innovation, with its transformative potential reverberating across businesses and society. According to Accenture, 59% of banking employees are already leveraging AI daily, highlighting the industry's readiness for this groundbreaking technology.

Mar 15, 2024 | finextra.com | Leon Du Plessis |Glendy Kam |Parth Prafulbhai Sonara |Sam Boboev

At UK first Global Fraud Summit, HM Treasury plans to introduce legislation, only to apply to suspicious Authorised Push Payments executed within the UK in sterling. The proposed statutory instrument amends the Payment Services Regulations 2017 and allows PSPs to delay the execution of an outbound payment transaction by up to four business days from the time the order is received which is currently not permitted in legislation.

Mar 15, 2024 | finextra.com | Leon Du Plessis |Glendy Kam |Parth Prafulbhai Sonara |Sam Boboev

Accountants are now playing a critical role in shaping the financial decisions of small and medium-sized businesses (SMBs). According to the 2023 Global Advisory Trends Report by Spotlight Reporting, 65% of accounting firms now consider themselves to be progressive or hybrid firms that offer substantial advisory services.

Mar 15, 2024 | finextra.com | Leon Du Plessis |Glendy Kam |Parth Prafulbhai Sonara |Sam Boboev

Generative AI, or GenAI has emerged as a disruptive force reshaping the landscape of banking and FinTech industries. The rapid adoption and advancement of GenAI are setting new benchmarks in technological innovation, with its transformative potential reverberating across businesses and society. According to Accenture, 59% of banking employees are already leveraging AI daily, highlighting the industry's readiness for this groundbreaking technology.