McKinsey’s annual review of global banks shows that financial institutions are generally not strong enough to weather an economic slump, Bloomberg reported on Monday (Oct. 21). “We believe we’re in the late economic cycle and banks need to make bold moves now because they are...
The European Central Bank launched the TARGET Instant Payment Settlement, or TIPS, on Friday (Nov. 30), with the aim of competing with PayPal and other payment tech giants, according to a report by Reuters. TIPS allows customers and companies to transfer euros in seconds, whether the...
Several nations around the globe have been fine-tuning, or readying, faster payments initiatives to bring speed and security to fund flows. Tom Hay, head of payments at Icon Solutions, explains how real-time payments mark the latest generation of, and technical challenge to, financial firms.
September 05, 2023
Matera has launched cloud-native software designed to sit on top of a financial institution’s core banking platform, enabling real-time transaction authorizations and balance updates 24/7 for various financial accounts. The new Digital Twin solution aims to allow banks and credit unions to accelerate their digital transformation while keeping operational costs low, the provider of instant payments, QR code […]
October 22, 2019
McKinsey’s annual review of global banks shows that financial institutions are generally not strong enough to weather an economic slump, Bloomberg reported on Monday (Oct. 21). “We believe we’re in...
November 30, 2018
The European Central Bank launched the TARGET Instant Payment Settlement, or TIPS, on Friday (Nov. 30), with the aim of competing with PayPal and other payment tech giants, according to...
