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Jan 7, 2025 | 
finextra.com | Harshita Soni
The USA Baseball Equipment Market is experiencing steady growth as baseball continues to hold its position as America’s pastime. Driven by a combination of rising participation rates, technological advancements in equipment, and increasing interest in youth
and recreational leagues, the market presents a range of opportunities for manufacturers, retailers, and investors.
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Jul 1, 2024 | 
finextra.com | Pavel Perfilov |Harshita Soni |John Bertrand |Sergiy Fitsak
Despite processing millions of payments a day, the payments industry is being held back by outdated technology that has become too integral to replace or integrate with – until now.
Legacy systems are already costing the payments industry
$36.7 billion per year, a figure that is expected to rise to $57.1 billion by 2028. Rather than addressing single problems as they become apparent, it can be more advantageous to develop new technology that can work with these systems.
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Jul 1, 2024 | 
finextra.com | Pavel Perfilov |Harshita Soni |John Bertrand |Sergiy Fitsak
A Labour government in the UK could have significant implications for the Fintech and Payments sectors. Key areas that might be affected include changes to the finance landscape, financial services policy, regulation and oversight, innovation, competition,
financial inclusion, international positioning, digital infrastructure and education. Here’s a breakdown of potential impacts:
1.
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Jun 18, 2024 | 
finextra.com | Harshita Soni |Dmytro Spilka |Edvards Margevics |Steve Sabin
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The elections for the European Parliament, held between 6th and 9th of June, could end up significantly impacting capital markets on the continent.
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Jun 14, 2024 | 
finextra.com | Harshita Soni |Dmytro Spilka |Edvards Margevics |Steve Sabin
The global wealth management market is experiencing phenomenal growth, estimated at a staggering USD
54.27 billion in 2023 This impressive figure is projected to reach a significant ng a robust
CAGR (Compound Annual Growth Rate) of 7.0%.
This growth can be attributed to several factors:
Rising Affluent Population: The global population of high-net-worth individuals (HNWIs) is growing rapidly, creating a larger client base for wealth management services.
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Jun 13, 2024 | 
finextra.com | Harshita Soni |Ugne Buraciene |Donica Venter |Robert Kerrigan
The digital payment market in India has witnessed explosive growth, fueled by the widespread adoption of digital payment methods and the increasing convenience they offer. The digital payments market in India is estimated to be valued at
$3 trillion in 2022 and is projected to grow at a staggering compound annual growth rate
(CAGR) of 26.2% to reach $7.8 trillion by 2027.
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Jun 6, 2024 | 
finextra.com | Alex Kreger |Harshita Soni |Joris Lochy
July 17 2024 marks six months to January 17 2025’s introduction of the Europe’s Digital Operational Response Act (DORA), which aims to improve digital resilience in 21 financial entity types and includes more stringent rules around ICT security and risks. With the scale of security risks and dependency on software systems only increasing, DORA’s introduction is timely.
Achieving compliance with DORA will require addressing multiple aspects across financial services organisations.
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Apr 26, 2024 | 
finextra.com | Brandon Spear |Benjamin Avraham |Benjamin Thurlow |Harshita Soni
Future of Payment review published in 2023 on behalf of the UK Government, reflected the complexity of the current environment in the UK for instant payment. The review is clear that the UK needs to move to the next generation of instant payment with timely
and accurate information. However, who will pay for that move?
The Future of Payment Review’s identified that the “UK Government would like instant payments to consumers free of fees”.
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Apr 25, 2024 | 
finextra.com | Benjamin Avraham |Benjamin Thurlow |Harshita Soni |Jamel Derdour
Building loyalty with business buyers is challenging in the digital age. With a
growing use of self-service and AI-related tools, merchants have to be strategic about making a lasting impression and making the payments process a priority is the perfect place to focus. Highlighting
choice and convenience at checkout are necessary when improving the payments experience to impact share of wallet.
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Apr 25, 2024 | 
finextra.com | Harshita Soni |Jamel Derdour |Joris Lochy |Roman Eloshvili
The world of business payments has been famously slow-moving. But things are currently changing fast. Driving this rapid evolution is a technology you might not expect: the business credit card.
Also known as commercial card, this payment method has been around for years, with physical cards issued by employers for employees to use when purchasing on behalf of their company.
