Mastercard collaborates on SMB platform for banks, Faster Payments suffers IT glitch, and Trade Ledger explores Open Banking’s potential for other markets.
| | | | BUSINESS TO BUSINESS EDITION | | FinTech And FIs, Paired And Global, Sandbox By Sandbox In cross-border B2B payments, $613 billion is nothing to sneeze at, and the Banking Circle buyout gives the nod to the international appeal of FI/FinTech partnerships. Plus, Brexit may have its challenges, but the EU is pressing ahead with sandboxes. |
| JPMorgan Finds Online Banking Doesn't Meet All Corporate Needs Online banking for corporates is (nearly) ubiquitous, but a new report from JPMorgan finds nearly half of businesses don't intend to increase online banking activity. It may be because they don't want to take the risk, with cybersecurity of eBanking portals a major concern among executives â or, with paper checks still the number-one payment method, it might be a resistance to change hampering greater online banking adoption. |
| | Open Banking | | FinTech Follows Open Banking As It Spreads Across Borders The U.K.'s Open Banking initiative is being watched closely by markets around the world. After speaking with FinServ industry players, Martin McCann, co-founder and CEO of Trade Ledger, says there are 12 markets next in line for open banking disruption, including Australia, Canada and the U.S. But each jurisdiction has its own regulatory climate and market pressures, he tells PYMNTS, meaning open banking will have to adapt as it spreads across borders. |
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