Phil Ashton

Apr 17, 2024 | finextra.com | Ivo Gueorguiev |John Bertrand |Sergiy Fitsak |Phil Ashton

Joe Garner’s Future of Payment review published in 2023 on behalf of the UK Government reflected the complexity of the current instant payment UK environment. The situation has allowed the UK’s early leadership in global instant payments to decline. The UK is starting to fall behind in terms of person-to-person payments made by bank account transfers. UK is ranked 9th in terms of the number of account-to-account transfers per capita, and it predicted to fall to 17th by 2027.

Apr 16, 2024 | finextra.com | John Bertrand |Sergiy Fitsak |Phil Ashton |Irina Latushkina

Embedded finance is the fusion of technology and traditional financial services. Its innovation promises to transform accessibility to financial tools for all, and now change is needed more than ever. Recent data has underscored the urgency of addressing the widening gap in economic security. Nearly a fifth (18%) of the UK are struggling with poverty. Over 11 million working-age individuals in Britain struggle with little savings, and food bank usage is at a record level.

Apr 10, 2024 | finextra.com | Sergiy Fitsak |Phil Ashton |Irina Latushkina |Stephen Carter

Joe Garner’s Future of Payment review published in 2023 on behalf of the UK Government reflected the complexity of the current instant payment UK environment. The situation has allowed the UK’s early leadership in global instant payments to decline. The UK is starting to fall behind in terms of person-to-person payments made by bank account transfers. UK is ranked 9th in terms of the number of account-to-account transfers per capita, and it predicted to fall to 17th by 2027.

Apr 9, 2024 | finextra.com | Phil Ashton |Irina Latushkina |Stephen Carter |Azimkhon Askarov

In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transformative force in real-time payments, marking a significant departure from the traditional Automated Clearing House (ACH) system. This shift signifies a pivotal moment in banking innovation, offering instantaneous transaction processing that aligns with the modern financial transaction demands.

Apr 3, 2024 | finextra.com | John Bertrand |Sergiy Fitsak |Phil Ashton |Irina Latushkina

News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Navigating the ever-evolving landscape of banking trends amid fierce competition can be daunting.