September 14, 2020

Open banking API calls – what lies ahead?

Key findings:
– By December 2020, the total number of monthly API calls across the EEA is expected to reach between 2.8bn (5% adoption rate) and 3bn (20% adoption rate); with Germany, France, the United Kingdom, and Italy all experiencing over 300m calls per month.
– By December 2021, Germany, France and Italy will join the UK in experiencing monthly volumes in excess of 500m (even with the lowest adoption rate of 5%).
– By December 2022, with our lowest projections of a 5% adoption rate, Germany and the UK should be experiencing monthly transaction volumes in excess of 1bn. If the adoption rate is as high as 20%, Spain, France, Italy and Poland will also experience monthly volumes in excess of 1bn.

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The State of Digital Banking in 2020

Across the world, traditional banking is transforming into something else entirely and the full outline and scope of the future of the industry, while not yet fully understood, already presents some amazing opportunities for firms looking for an edge, business innovation and revenue growth.

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The Future of Retail in the E-commerce Era

Few people have questioned whether e-commerce was the way of the future when it came to retail and shopping, but even fewer have asked what this brave new world will look like.

After all, as everyone moves online, other factors will play critical and distinguishing roles in determining who the winners and losers are from the e-commerce online future.

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Netcetera and Mastercard launch 3DS testing platform for retailers

Netcetera is Mastercard’s exclusive 3-D Secure testing partner to help retailers and other businesses ensure they are ready to comply with PSD2. Mastercard and Netcetera, the market leader for 3DS and EMVCo associate, are supporting merchants to improve their transactions and conversion rates. This is the first time that merchants are able to run tests in their live online shops.

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Tomorrow’s Transactions Webinar

Have you registered for our Tomorrow’s Transactions events?
Join Dave Birch and colleagues from Consult Hyperion for our weekly webinars and fireside chats, to discuss transaction technologies and the issues our industry is facing. Every Thursday at 4 PM BST/11 AM EDT.

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Kompli-Global helps companies expose bad actors within their customer base

Kompli-Global, the leading RegTech AML specialist, has announced today that it that it is ensuring corporate entities do not fall victim to potential fraud and money laundering, as it unveils Kompli-Reveal™, a screening solution harnessing augmented intelligence (AI) and human expertise, to provide the most up-to-date information on their client bases.

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Radius Bank completes the full-circle in cross-border payments

Radius Bank, the best online US bank of 2020*, and Currencycloud, the leader in providing B2B embedded cross-border solutions, have partnered to offer Radius clients the ability to send money to more than 180 countries.

Following increased customer demand for international wire transfers for both their own clients and their Banking-as-a-Service partners, Radius sought to find a solution that could be quickly integrated. Using Currencycloud’s APIs means Radius Bank can send outgoing payments to international destinations they were unable to reach before on behalf of their clients.

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Modulr becomes first non-bank or building society to launch Confirmation of Payee

Modulr is the first non-bank or building society to join the Confirmation of Payee service.
Confirmation of Payee allows users to check if the payment details they’ve entered for a person or business match the details held by the recipient’s bank.
This provides reassurance that payments are being sent to the right recipient and protects Modulr customers from certain types of payment fraud.

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SIM swapping scams and behavioural biometrics

– How does SIM swapping work?
– SIM swappers struck – what next?
– The role of the bank in stopping SIM swapping fraud
– Behavioral biometrics analysis overcomes the failings of two-factor authentication
– Profiling cybercriminals, one simjacker at a time

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