Blog Posts

Payment Security Predictions for 2021

Changes in digital payments due to the global pandemic are likely to carry over into next year and will have security implications. Visa’s Chief Risk Officer Diego Paul Fabara identifies five key developments that will impact the global payments ecosystem in 2021

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Online fraud lessons learnt in 2020

– There has been an increase in fraud seeking to circumvent payments security
– Behavioral biometrics took steps towards becoming a foundational cybersecurity technology
– Fraud prevention in 2021 will become as much about response as detection

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A Cash-Free World through Biometric identification: Why and How?

The future of global commerce could be a cashless society, many experts predict, and that puts the burden on financial institutions to make sure their customers’ data is secure and protected.

As digital banking rises to replace the more traditional industry, one phenomenon has arisen hand-in-hand with it and that is the use of biometric technologies.

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AI Advancements in the Digital Banking Industry

The rise of digital banking has taken the traditional financial sector by surprise and for many good reasons. From pioneering the art of customer service online to using artificial intelligence to handle many of their operational tasks, digital banking is not just a glimpse of the future of finance. It is a peek into the future of the world of business itself.

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Why Covid-19 is Good for the Digital Transformation of Businesses?

The COVID-19 pandemic is nothing less than an inflection point for the global economy. From this point on, people will discuss business in terms of pre-COVID-19 and post-pandemic, and for good reason.

The global pandemic has initiated changes in the global supply chain that were slowly developing before but that are now becoming more prominent features of the landscape. Not only are companies pulling resources in towards the home base, but also they are recentering their businesses for the digital landscape.

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Contis joins forces with Mastercard as principal issuing member in Europe

Leading European payments fintech Contis announces its partnership with Mastercard as a principal issuing member.

With the addition of Mastercard, Contis delivers one of the most comprehensive end-to-end Banking-as-a-Service (BaaS) platforms, including direct access to both of the world’s leading payments networks.

Platform integration work is starting immediately, with expected go-live on the Mastercard network by Q2 2021.

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Paynetics becomes member of the Emerging Payments Association

Here at Paynetics, we are proud to announce that we have become a member of the Emerging Payments Association (EPA). Our membership of the EPA is also further recognition of Paynetics as a trusted e-money institution. It’s the next step in our mission to simplify payments and pioneer the role of Europe’s leading regulated enabler to power both established brands and the next generation of fintechs.

For those of you that are fellow EPA members, please do get in touch and know that our door is always open.

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Consult Hyperion’s Live 5 for 2021

At Consult Hyperion we always round off the year with some time reflecting on what has been, and kicking off our thinking for what’s ahead. This is our Live 5. Readers over the years will know our Live 5 traditionally takes market insight, coupled with research and conversations with our clients; then we consolidate our thinking and detail four short- to medium-term trends and one that’s perhaps not as obvious, or maybe a little further out. When we reviewed previous years, we’ve been a pretty good weather vane. 2020 has been a year like no other, so our Live 5 is taking a slightly different approach. If 2020 has taught us anything, it is that the best laid plans can be rendered irrelevant by a “black swan” event.

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A (credit) card up its sleeve: Doconomy is tackling environmental issues through financial products.

Mathias Wikström, CEO of Doconomy, and Johan Pihl, Doconomy’s founder and Head of Innovation & Founder are two people who share the desire to help our planet. They have a powerful vision: to give both consumers and businesses the digital tools that they need to understand and reduce the environmental impact of their consumption. This led to Doconomy launching the Black Card in 2019 – the first credit card to limit spending not on available credit, but on the levels of CO2 emission caused by the owner’s purchases. How does it work – and what are their next steps?

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What is The Easiest Way to Build a 21st Century Digital Bank?

Have you ever wondered what makes a bank a 21st century bank? A small hint; it isn’t the ginormous rigid and extremely expensive mainframes, it isn’t the systems that have to shut down every night for maintenance, and it definitely isn’t the glued-by-hope hollowed out cores.

The list can go on and on. What a good 21st century bank needs is security, scalability, flexibility, availability, and adaptability. So, where do you get it all, nicely packed and with a bow on top at a low cost?

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When innovation in fintech fails to deliver

Nektarios Liolios has worked closely with corporates, startups and investors over the last ten years. He set up and led bootcamps, founded competitions for startups, and facilitated cooperations between fintech and financial institutions. How did this all turn out? In all honesty, it was both frustrating and difficult.

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A carefully calculated approach to climate change

Sometimes it’s the smallest pebbles that make the biggest splash. It’s particularly true when it comes to innovation; a simple idea can be the very thing that propels a business into the global arena. But like finding the perfect pebble on a large beach, it sometimes takes another pair of eyes to spot the ideas and features that have the most potential.

For Swedish fintech Doconomy, the collaboration with Vacuumlabs accelerated their journey to making a global impact. We recognized Doconomy’s tremendous potential, and helped it build its most crucial innovation into a world-class product: the 2030 Calculator.

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Future Ready Payments Processing

Payment Processing Platforms
At Consult Hyperion we spend a lot of our time looking into payments processing platforms for our clients. Over recent months we’ve delivered;

technical due diligence, assessing their capabilities
security and vulnerability analysis on networks and products
designed fundamental security architectures for new payments solutions
advised clients on the selection of payment platform solutions
and helped design new platforms or extended the capability of their existing platforms

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Have Biometric Technologies Brought the FinTech Industry to the Next Level?

The future of the FinTech industry might have more to do with a person’s individual biology than numbers and chips in the future, multiple reports indicate. Known as biometric technologies, this group of payments innovations remove the old pin systems and chips of old and replace them or augment them with fingerprint scanners and other biometric methods.

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The Digital Banking Era Transforming the Global Online Economy

The rise of the Internet and the spread of smartphones is, together, perhaps the single most powerful force of economic change ever at any point in history.
Not only are millions of people getting connected to the wider world for the first time, but also businesses are able to get up and off of the ground with little to no investment in brick-and-mortar, traditional locations. In other words, the digital era is one of opportunity and promise.

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Laying the groundwork for the next generation of digital payment innovation

Innovation has always been a focus at Visa, yet the impact of the Covid-19 pandemic has forced us – as well as the wider payments ecosystem – to double down on the development of new payment technologies. The pandemic has accelerated what was an already increasing demand for digital payment experiences and it is incumbent on us and our partners to meet this.

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Contis and Token Partner to Deliver New Value in Digital Payments

Payments provider Contis and Open Banking platform Token partner to deliver new value in digital payments. When complete, Contis’ 250+ clients will be able to use Token’s AISP and PISP functionality to deliver Open Banking services to their end-customers through the Contis Platform.

And Token’s merchant, digital wallet and PSP customers will be able to perform account pay-outs and refunds via the Token platform using established payment rails, such as Faster Payments in the UK, SEPA and SEPA Instant across the EEA.

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Barclaycard Payment Intelligence

Early payment discounts: Research from Barclaycard reveals that a Chief Financial Officer’s (CFO’s) leadership style and willingness to invest in their financial and accounting software has a tangible impact on their business’ bottom line.

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