Written by Alicia Edwards The COVID-19 pandemic has forced industries all around the world to innovate in order to continue their operations. The banking industry is no exception. Since the lockdown, banks have had to move their services online. That, in itself, is a technological trial — one that comes with a whole slew of…
Banks will need to open up their transactional data via API in order to maintain their foothold in a financial services ecosystem that is halfway through a decade-long industry-wide disruption, PayX CEO Adrian Hausser said Tuesday at the API Academy’s API360 Summit in London. Hausser’s company, PayX, is a global advisory firm that works with top-tier banks and…
Recently, three of the world’s biggest financial services firms—Mastercard, Visa and Citi—have promised to ditch their insular approach and open up their platforms to partners. APIs in Payments has become the forefront of Bank strategies to not only retain but grow market share, grow traction and loyalty, and get back to a value-add growth path…
PayX International concludes, along with many other Market Analysts, many payments operations are about to see 10% annual increased costs, not the cost reduction many have been working on. PayX at EBUG Knowledge Forum presents sessions on market landscape and what to do to avoid being one of the masses impacted by ever rising…
Don’t let anyone tell you different, price transparency in Banking has come on a long way since my early experiences as a teenager in banking in the 1970’s. I recall being invited to take the printout of business customers into the manager’s office at one of the first branches I worked at so that he…
Traditional Banks are often seen as slow, cumbersome organisations who can’t manoeuvre quickly because they are saddled with huge legacy systems held together with sticky tape and plaster. They have a largely process oriented workforce, are inefficient and bureaucratic, and operate with a very expensive cost base. Conversely, the new Commercial payments organisations however, especially…