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Banks that focus on aligning real-time payment (RTP) transactions and real-time data may be able to help their corporate clients boost working capital and improve cash management. Financial institutions must ensure that necessary processes and technologies like open APIs have been properly implemented to deliver real-time data for clients — or risk that new entrants […]
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Neil Ainger
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Europe’s fintech giants were built on the promise of new ways to do finance. Under pressure from rising interest rates and nervous investors, their next steps are looking more like tried-and-tested traditional banking. Dutch payments firm Adyen NV began lending to small companies this year following US-Irish rival Stripe, while the UK’s Revolut has looked […]
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Bloomberg News
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LONDON — The U.K. government is stepping in to ensure continuity of bank services for isolated communities and vulnerable, elderly or financially excluded customers with its new access to cash legislation, which is part of its imminent Financial Services and Markets Bill. Bank branches are still needed for legacy non-digital banking customers, “but less often […]
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Neil Ainger
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LONDON — Swedish utility Bankomat CEO Nina Wenning discussed the decline of the bank branch in Sweden at Branch Transformation 2022, the leading conference dedicated to branch design, customer experience and strategy-driven transformation, on Nov. 29 at the Park Plaza: Riverside Hotel in London. “We have a central bank in Sweden that effectively gave up […]
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Neil Ainger
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Digital payouts firm WeGift on Tuesday closed a $30.9 million series B funding round led by Element Ventures. The London-based platform automates the manual ordering and fulfillment process to allow businesses including Amazon and Apple to offer rewards with access via APIs to more than 1,300 digital gift cards, according to the WeGift website. “Innovations […]
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Whitney McDonald
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