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Mar 5, 2024 | 
finextra.com | Sophie Proctor |Sergiy Fitsak |Boris Bialek |Mousser Rahmouni
Trade finance, essential for global commerce, facilitates 80-90% of trade transactions, serving as a primary driver for economic growth. However, its heavy reliance on paper contrasts with the digital evolution seen in other financial sectors.
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Mar 4, 2024 | 
finextra.com | Sophie Proctor |Sergiy Fitsak |Boris Bialek |Mousser Rahmouni
Following our previous blog 'Rethinking AML: A Call for Innovation and Efficiency' ("https://bankloch.blogspot.com/2024/02/rethinking-aml-call-for-innovation-and.html"), where we navigated the complex world of AML and pinpointed three primary categories
of malicious financial activities:
Money laundering: Transforming proceeds from illicit activities into seemingly legitimate funds.
Sanction bypassing: Circumventing governmental sanctions.
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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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Oct 30, 2023 | 
finextra.com | Rosemary Barnes |Mousser Rahmouni |Konstantin Rabin |Janine Grainger
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Blockchain technology has gained significant attention in recent years. This due to its decentralised nature and potential applications across various industries.
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Oct 30, 2023 | 
finextra.com | Rosemary Barnes |Mousser Rahmouni |Konstantin Rabin |Janine Grainger
The Michael Lewis book, Going Infinite, The Rise And Fall of A New Tycoon and Erica Stanford’s earlier book Cyber Wars, reflect an accurate but disturbing picture of this unregulated market. At times, the market appears to be
a huge Ponzi Scam:
The Z/Yen Group believes over 60% of the cyber coins on offer are fake.
In the UK, 80% of Bank Account scams start on social media with crypto a favourite to make you think you will be rich.
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Oct 18, 2023 | 
finextra.com | Jamel Derdour |Scott Dawson |Mousser Rahmouni |Patrick Devlin
Constructing your payment gateway offers various benefits and certain challenges. Before you embark on this endeavor, it's crucial to comprehend how developing a payment gateway from scratch can positively impact your business while also acknowledging the
hurdles that may arise along the way.
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Oct 18, 2023 | 
finextra.com | Jamel Derdour |Scott Dawson |Mousser Rahmouni |Patrick Devlin
Dominic Broom, SVP Working Capital Technology, Arqit, explains why a very succinct piece of legislation is unlocking a transformative approach to trade and supply chain finance, and thereby injecting stability and working capital across end-to-end supply
chains.
For those involved in international trade, navigating the repercussions of recent global and geopolitical events has been tricky to say the least.
