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The global cross-border payment industry is a trillion-dollar market that is being disrupted by new entrants seeking to solve existing pain points for consumers.
Jan 18,2022Traditionally, such payments have been transacted by the few dominant global banks. The lack of competition resulted in long settlement periods, high transaction costs, and a lack of transparency for the consumer.
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The COVID-19 pandemic has accelerated a phenomenon that was already in progress – the digitisation of the way we live.
Jan 18,2022The COVID-19 pandemic has accelerated a phenomenon that was already in progress – the digitisation of the way we live. Part of that has been the rapid increase in demand for electronic payments and the way payment services should be delivered.
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With Fintech on the rise and banks struggling to keep up, is collaboration the solution?
Jan 18,2022Fintech is financial technology that helps consumers manage their finances. The software is accessible via desktop or mobile devices. Cryptocurrencies like bitcoin are also part of fintech development. Naturally, as technology develops, consumers come to expect and demand greater.
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It’s easier now than ever to send money overseas thanks to the incredible advances in technology
Jan 18,2022The Financial Action Task Force (FATF) has pinpointed money laundering vulnerabilities in the remittance and foreign exchange industries – the volume of vendors and worldwide accessibility to customers add to the risk.
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