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    Fintech news: Financial Technologies news that implement innovations in order to improve financial services. Also referred to companies using these techs.

    Inversión FinTech "Tenemos un gap de uno o dos años con otros países europeos"

    Inversión FinTech “Tenemos un gap de uno o dos años con otros países europeos”

    Fintech
    Las FinTech  son empresas que tienen en su ADN la tecnología, que entienden que hay una manera diferente de hace productos desde la innovación...
    Raisin alcanza otro record: entrevista exclusiva

    Raisin alcanza otro record: entrevista exclusiva a David Jiménez Maireles, Country Head of Spain

    Fintech
    Raisin, una plataforma que permite a los ahorradores contratar depósitos de toda Europa acaba de anunciar que, en menos de 3,5 años desde su...
    Ley Fintech busca afianzar al sistema, dice Hacienda

    Ley Fintech busca afianzar al sistema, dice Hacienda

    Fintech
    By Jeanette Levya La propuesta de Ley de Tecnología Financiera tiene como entre sus objetivos primordiales avanzar en la inclusión y educación financiera, además de...
    El MTBIT Fintech Innovation Forum llega a Madrid el 4 de Abril

    El MTBIT Fintech Innovation Forum llega a Madrid el 4 de Abril

    Fintech
    Por Fintech Move Nadie duda que la tecnología está cambiando la forma en que pagamos, enviamos o recibimos dinero, especialmente a través de las fronteras,...
    6 reasons why millennials adopt consumer end fintech solutions

    6 reasons why millennials adopt consumer end fintech solutions

    Fintech
    By Artashes Vardanian The Fourth Industrial Revolution is bringing the convergence of the physical and digital worlds on how people communicate, shop, move, eat, go to...
    La revolución de las finanzas y el Fintech

    La revolución de las finanzas y el Fintech

    Fintech
     By Jacobo Ferrando La revolución aún no ha llegado al sector financiero. Las soluciones propuestas por la digitalización de los servicios financieros han traído como...
    Fintechs: Banks can't live with 'em, can't live without 'em

    Fintechs: Banks can’t live with ’em, can’t live without ’em

    Fintech
    By Penny Crosman Bankers have increasingly come to accept that they need to work with fintechs — most financial institutions can't build technology as quickly and...
    Para evitar el lavado de dinero, el gobierno alista la Ley Fintech

    Para evitar el lavado de dinero, el gobierno alista la Ley Fintech

    Fintech
      Acapulco, Guerrero, marzo 26.- El gobierno federal alista la creación de un consejo para regular a las empresas de tecnologías de la información vinculadas...
    Fintech, vulnerables al lavado de dinero

    Fintech, vulnerables al lavado de dinero

    Fintech
    Las empresas de servicios financieros que utilizan la última tecnología, también conocidas como fintech, son las que presentan mayor vulnerabilidad en el blanqueo de...
    The global digital payments market was valued at USD 3885.57 billion in 2019 and is expected to reach USD 8686.68 billion by 2025, recording a CAGR of 13.7 percent, during the forecast period of 2020 – 2025—according to various reports. In the last one decade or so, we saw rapid changes in the payments landscape, building on the accelerating growth in digital payments. The emerging markets have been at the forefront of this payment transformation. With the rise of innovative fintech players, the digital payment ecosystem, in recent years, witnessed unprecedented growth. In India alone, we have had many success stories of fintech players that literally transformed the payment ecosystem and the way India transacted. Most importantly, technology allowed us to build a payment infrastructure from the scratch, in a relatively short span of time, without the burden of legacy systems. Globally, the power dynamics in the payments industry are changing as businesses and consumers shift dollars from cash and checks to digital payment methods. Cards dominate the in-store retail channel, but mobile and other fintech are seeing a rapid uptick in usage. Back in 2019, WPR stated that mobility, connected homes, entertainment, and media are expected to boost non-cash transactions in the future. The rise of digitization at corporate B2B payment is affecting regional trends. In the Asia Pacific markets, large and medium scaled businesses are adopting digital invoicing, virtual cards, and cloud-based finance and accounting. In the emerging Asian markets, charge cards are popular among corporates to ease and secure supply-chain payments. Banks, fintechs and regulators embraced cashless payment, as it is cheaper, more effective and more transparent. Nandan Nilekani committee on digital payments had recommended that the Reserve Bank of India and the government must aim to maximize the volume of digital payments by a factor of 10 in three years, leading to double the value relative to gross domestic product. The committee also emphasized the need to expand the acceptance infrastructure across the country and also to reduce the interchange on card payments by 15 basis points. The panel also pushed for the removal of all charges on digital payment transactions for the convenience of customers. RELATED NEWS How RPA adoption ignites BFSI industry? How Fintechs can deal with the rising delinquency rates Cryptocurrencies open up new investment opportunity amid Covid-19 crisis Overall, the decline of traditional branch banking and ATMs will give way to digital financial services. That said, cash is an inevitable part of our economy and many developed economies which have seemingly become ‘cash-less’. Ironically, fintechs and cashless payment technologies who promise to ensure financial inclusion often achieve the opposite results in the process of cutting cash out—experts point out. Banking pundits underscore that cash is and will remain the most inclusive financial instrument across the globe. Cash distribution might incur huge costs and the new-age financial services users might prefer a completely digital money based system. But, cash is critical in ensuring true financial inclusion to cater to segments that can’t afford to be part of the modern financial system—senior citizens, less educated and less tech-savvy communities. In markets like India, where almost 80 percent of the transactions are still cash-based, going cash-less might not even be an option. That explains why the industry is now focusing on ‘cash-lite’ instead of cashless. In many markets though, industry stakeholders and banks are mindlessly pushing forward a paradigm of a cashless society. The era of ’20s will be the years of falling cash usage, but it is our responsibility as an industry, to ensure this process is smooth and painless, and no-one is left behind.

    Bruselas se pone las pilas ante la irrupción de las fintech

    Fintech
    By Luis Suárez La Comisión Europea pone en marcha una consulta pública sobre las fintech para evaluar si la regulación actual es adecuada o es necesaria...
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    Why your business should accept Crypto payments

    Why your business should accept Crypto payments

    Cryptocurrency
    In recent years, the digital landscape has experienced a significant transformation, particularly in the realm of financial transactions. Among the most groundbreaking developments is...
    5 trends these AI experts think could change payments and commerce

    5 trends these AI experts think could change payments and commerce

    Artificial Intelligence
      For businesses at the forefront of their industries, artificial intelligence (AI) has become unavoidable.  An unavoidable certainty, that is.  That’s why, for the past five months, PYMNTS...
    Blockchain’s true breakthrough lies in its constraints

    Blockchain’s true breakthrough lies in its constraints

    Blockchain
    By Davide Menegaldo Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’...
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