Tech-savvy banks and the new wave of disruptors will be the beneficiaries as banking undergoes a long-awaited transformation.
Europe’s introduction of the General Data Protection Regulation (GDPR) next May will have implications for businesses around the world and US corporates should start getting ready if they haven’t already done so.
A poll by MarketInvoice also found that relatively few business leaders would consider speaking directly to a bank.
Banks might feel justified in victim blaming when fraud occurs, but it does little for customer confidence.
The banking industry will meet the challenge of the new era introduced by Europe’s Payment Services Directive, but it is up to its individual members to determine whether they sink or swim.
The cash application process is an area where companies can achieve major cost and time savings, but achieving these benefits rests on securing complete information and using it effectively.
Global trade finance demand dramatically outpaces supply by an estimated USD$1.6trn a year.
Traditional banks and fintechs are in a “summer of love” period, the year of reciprocity, of mutual respect and joint ventures.
While the sector must be realistic on the measures needed to counter its various challenges, there’s no reason why it shouldn’t secure a promising future.
Small businesses are particularly concerned about the potential impact on their revenue and growth.