A recent European Payment Study by BearingPoint highlights key trends shaping consumer behaviour, shedding light on the growing awareness of central bank digital currencies (CBDCs), particularly the digital euro. Despite the broader European shift towards digital payments, cash remains the dominant payment method in German-speaking countries. The study found that cash accounts for 69% of […]

The financial sector is facing an unprecedented surge in AI-driven fraud, with deepfake-related attacks increasing by a staggering 2,137% over the past three years. This alarming statistic, highlighted in a recent report, The Battle Against AI-Driven Identity Fraud, underscores the evolving sophistication of cybercriminal tactics and the urgent need for enhanced security measures across industries.

AI technologies are manifesting in many different ways, solving many different problems and creating many new opportunities in payments and financial services. The only wAI is up! There are operational applications, that serve middle to back office efficiency goals, and front office developments that create novel solutions and services for the end user. AI itself

Since its introduction in 2018 by the UK, European Union and Mexico, Open Banking has grown into a powerful force for financial innovation. Creating the world’s best Open Banking regime Today, countries like Brazil, India and South Korea are leading the charge, expanding Open Banking into Open Finance by integrating services such as insurance, investments

Visa has expanded its ‘Tap to Add Card’ feature in Ukraine, Georgia and South Africa, enabling cardholders to add their contactless Visa cards to digital wallets by simply tapping their cards on NFC-enabled mobile devices. Visa expands ‘Tap to Add Card’ feature The rollout, originally launched at the annual Visa Payments Forum in San Francisco

Standard Chartered has announced a collaboration with Animoca Brands and Hong Kong Telecommunications (HKT) to launch a Hong Kong dollar-backed stablecoin. Hong Kong Dollar-backed stablecoin The trio aim to secure a license from the Hong Kong Monetary Authority (HKMA), positioning themselves at the forefront of Hong Kong’s push to establish itself as a leading hub

Economic crime is a growing global challenge, costing businesses and governments billions each year. The fight against economic crime Despite efforts to combat fraud, money laundering and financial misconduct, criminals continue to exploit regulatory gaps and outdated technology. A recent report by  Global Counsel and  Enveil highlights a crucial solution: improved data sharing between financial institutions,

There are times when any Procurement Manager might feel in need of a refreshing walk in the woods. A payment solution for Procurement Managers On the one hand, your job requires you to accurately monitor the due diligence compliance and Service Level Agreement performance of your company’s suppliers, while ensuring that purchases are paid on

As we all know, the payments landscape is undergoing a profound transformation as new technologies, regulatory shifts and evolving consumer preferences redefine how transactions occur. That does not mean that we should be complacent about the change. According to Deloitte industry insights for 2025, several major trends are shaping the future of digital payments. From

A whole plethora of data and regulation is being enacted or due to be put into place in the UK and Europe to shore up overall digital resilience, and rightly so. What, however, will drive the success of DORA and others – rigorous compliance deadlines or ruthless competition dynamics? Bills, schemes, initiatives, both nationally and