The global payments report 2024
2023 was another turbulent year in the payments space – defined by fierce competition, front-end innovation, and increased regulatory scrutiny. And the payments industry is poised for another year of remarkable growth and change in 2024. Over half of UK and US payments professionals expect their organisation to grow by at least 50% this year.…
Navigating the complexities of payment compliance
The regulatory demands on payments firms are growing – and requirements are becoming harder to navigate. To help you make sense of these requirements – and help you get to grips with what regulators expect from you – tune into this podcast featuring our Global Payments Lead, Nick Botha. Listen to Nick and host George…
Safeguarding best practices: Insights from the FCA, PwC & more
Posted: 15/12/2023 | Read time: 6 minutes In this blog, we share insights from the FCA, PwC, fscom, Privat3 Money, and our Global Payments Lead Nick Botha on safeguarding practices. Failing to comply with safeguarding regulations carries serious implications. Fines are increasing year-on-year and the FCA is cracking down on firms not doing enough…
Safeguarding 101: Everything payments & e-money firms need to know
Posted: 26/09/2022 | Updated: 14/12/2023 | Read time: 5 minutes Where the use of e-money and digital payments has increased, regulatory changes have quickly followed. In July 2020, the Financial Conduct Authority (FCA) published temporary guidance on safeguarding and prudential risk to offset the pandemic-induced disruption. It made it permanent in November 2022. The…
On-demand webinar: The practicalities of safeguarding
Held in collaboration with The Payments Association, our Global Payments Lead Nichola Botha joined FCA Payments Policy Manager Natalie Zorzella, fscom Director Alison Donnelly, Privat3 Money Chief Compliance Officer Paul Whelan, and PwC Director James Cameron. This webinar explored where the common areas of misunderstanding arise, learnings from audit experiences and how the next iteration…
The biggest barriers to delivering real-time payments, revealed
Posted: 21/11/2023 | Read time: 2 minutes Our survey finds a lack of internal skills and cost concerns are impacting the widespread adoption of instant payments. More than half (54%) of businesses consider inefficient back-office processes the primary obstacle to delivering real-time payments, according to the results of our recent survey. We polled executives…
How to prepare for safeguarding audits: A guide for payments firms
Posted: 09/11/2023 | Read time: 4 minutes Annual safeguarding audits reassure customers – and the FCA – that their funds are protected. And with the regulator coming down hard on firms that don’t comply, preparing for audits is key. However, while the UK regulator is clear about what they require from you, they don’t…
The 5 payments trends set to transform the industry in 2024
Posted: 02/11/2023 | Read time: 6 minutes How we pay has changed a lot over the past 15 years, as new technology moves us away from cash and cheques and towards digital wallets. McKinsey expects global digital payments revenues to hit $3 trillion by 2026 – up from $2.1 trillion in 2021. As the…
Instant payments: How automation will make the shift easier
…featuring AutoRek’s Global Payments Lead, Nick Botha. See AutoRek in action Nick joins Albert Bodine, Director of Commercial and Enterprise Payments at Javelin Strategy & Research. They answer the following…
On-demand webinar: The global payments landscape
Webinar recap: 5 key takeaways AutoRek’s Global Payments Lead Nick Botha was joined by Somya Patnaik, ACI Worldwide Global Solutions Lead, Roisin Levine, Commercial Lead for Wise Platform, and Grant McKenzie, Consulting Director at CBS Consulting. The panel was moderated by AutoRek’s VP of Sales Hugh Burden, and they discussed the global payments landscape and…