Violetastoimenova | E+ | Getty ImagesBy some measures, Americans have never been more in the red.In the second quarter of 2023, total credit card debt surpassed $1 trillion for the first time ever, which helped bring total household debt to $17.06 trillion, also a fresh record, according to the New...
Switzerland’s Financial Market Supervisory Authority (FINMA) conducted an in-depth review of the money laundering risk analyses of over 30 Swiss banks during the spring of this year and found that many did not meet the basic requirements for such an analysis. The Swiss watchdog in a statement explained that it was prompted...
What’s in a Name? RTP vs RTRP vs IPS vs Faster Payments One of the fun things about working on a global trend is watching the alphabet soup of acronyms and buzzwords diverge and converge. The US and UK are largely still using the term “faster payments,” and you hear that...
During the period of 2022-2023, the fintech market experienced a significant recession period, as many companies closed down and the flow of investment slowed. The first half of 2023 saw venture capital funding of fintech startups plunge by 48% compared to 2022, while the number of deals struck went down...
Should access to digital payments be a right, rather than a privilege? This question has come into sharp focus in recent weeks in the UK after a high-profile dispute between former politician Nigel Farage - a controversial divisive figure in British politics after his high-profile campaigning for Brexit - and...
