Market sentiment towards banks has substantially improved, as reflected by a marked rise in bank stock prices since the trough last October. However, bank profitability remains weak, while prospects for lending demand are uncertain.
In recent years, cases of cybersecurity breaches have grown in both frequency and sophistication. Of all the affected industries, the financial sector remains particularly vulnerable.
Banking technology platform provider BankiFi, in association with The Co-operative Bank, has launched a new Request to Pay (RTP) service: Incomeing. The service helps SMEs boost their cash flow by facilitating instant, cost-effective and secure collection of payments from their customers.
The Anmut Data Leadership Report compiled data and anecdotal evidence from almost 100 Chief Data Officers from organisations headquartered on five continents whose collective annual revenues total over $1 trillion.
CEX.IO was looking for a proven technology platform to support its planned launch of debit cards for its cryptocurrency customers. The fast-growing exchange chose the FIS Debit & Prepaid Platform, which will handle all aspects of card management and processing for the new card line, including purchase authorization, risk management, and regulatory compliance.
Four in five (79%) banks and financial firms said embracing new technologies during the pandemic allowed them to successfully pivot their services to suit the current climate.
Founded by experienced online payments experts, Silverflow is the first card payments processor with a cloud-native platform with simple APIs, robust data and direct card network integration.