The future of payments
Global trends, changing business models and innovation are creating a new world for payments. New entrants, able to facilitate their own payment processes, are both a threat and an opportunity to many existing financial services players in the ecosystem.
Our global payments leaders welcome a global dialogue on these issues as we aim to help our clients develop practical payment strategies that work.
Articles from our recent #payments newsletter:
How are collaboration and convergence transforming the payments industry?
Digital technology and customer expectations are seeing payments and lending companies converge in both the retail consumer and small business markets. Read the full article.
Economies with outdated payments systems must accelerate the innovation of payments — or lose out to global giants. Read the full article.
Cryptocurrencies hold huge potential to transform our working world, but consistent global controls must be put in place first. Read the full article.
A guide for payment providers as they journey to become omni-channel and meet merchant expectations. Read the full article.
Deals fell in Q1 2018, but regulatory changes should see activity increase through 2018. Read the full article.
Growing interest in end-to-end payment platforms and niche providers drove strong VC activity in Q1 2018. Read the full article.
Articles from our previous #payments newsletter
The global payments landscape is undergoing a radical transformation. Technology, regulation and changing consumer demands are driving reform across the industry. The traditional role of payments service providers (PSPs) is becoming outdated. By 2020, the competitive environment will have been redefined; new services, providers and systems will create a very different industry to the one we know today. Read the full article.
Starting 25 May 2018, any organization with ties to European Union (EU) residents will have to comply with the requirements of the EU’s General Data Protection Regulation (GDPR). The GDPR represents the most comprehensive privacy framework in the marketplace today. By ensuring rapid compliance with the GDPR, financial institutions (FIs) can ensure they continue to serve not only EU residents, but also residents of other countries that will eventually follow the EU’s approach to privacy and data protection. This article aims to assist FIs with a few immediate next steps and dispels common misconceptions about GDPR’s impending requirements. Read the full article.
As global standards for an open API framework emerge, how will the Asia-Pacific regional financial ecosystem develop its own open architecture propositions? The opportunities for traditional (and non-traditional) financial service providers to benefit from an open API framework are immense. One thing is certain: open APIs will drive the future of banking. Read the full article.
Payments will play a key role in the convergence of previously divergent market sectors. This trend--along with digitization, new business models and the rapid advancement of new technology—will provide new opportunities for banks and payment service providers. Successful payment providers will be in the driver’s seat and those that hesitate will be left behind. Read the full article.
Q3 2017 was characterized by an increasing number of Initial Coin Offerings (ICO) and a strong focus on alternative payment systems and security solutions. Read the full article.
Deal volume in the payment industry reached a new peak in the second quarter of 2017, exceeding US$25.9 billion. Read the full article.
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