At the beginning of July 2023, the UK government opened a consultation on the introduction of a Digital Securities Sandbox (DSS), which marks a significant step toward promoting financial innovation and embracing the potential of digital assets in the local market.
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Online retailers have traditionally relied on enhancing customer experiences to grow their businesses. However, nowadays, the importance of prioritizing the merchant experience is gaining more recognition. After all, while these two aspects go hand-in-hand, it is paramount for business owners to have access to the resources and support they need to ensure successful store operations.
Payments Canada, an organization responsible for Canada’s payment clearing and settlement infrastructure, has recently announced yet another delay in the launch of the Real-Time Rail (RTR) system. As the project’s revised launch date awaits confirmation, it is only natural to wonder what is pushing back its release.
Cashless payments have gained significant momentum, modernizing global finance and changing the way individuals and businesses handle day-to-day transactions. Mexico, a country known for its vibrant economy, flourishing commerce, and rapidly growing tech industry, is one prominent example of how declining cash usage can completely transform the local payments landscape.
On June 28, 2023, the European Commission released a series of new legislative proposals for some of the most fundamental regulations related to payments and financial services, including the revised Payment Services Directive (PSD3), the Payment Services Regulation (PSR), and the Financial Data Access (FIDA) framework.
Modern organizations operating in the financial sphere are experiencing increasing pressure to provide an outstanding user experience while maintaining robust security measures. Finding the perfect ratio between these two elements is especially challenging as the demand for frictionless services grows amid the intensifying regulatory requirements.
As the world becomes more and more digitized, the vast majority of industries experience dramatic changes, both positive and negative, with the fintech sector being no exception to the rule. One prominent example that has become a hot topic nowadays is the rapid evolution of AI, which not only optimizes business processes but also creates plenty of opportunities for fraudsters to exploit.
As digital transactions continue to gain widespread popularity, some traditional payment methods are being gradually replaced by modern alternatives. To keep pace with this evolving landscape, Australia is embarking on an ambitious journey of phasing out checks by 2030. This strategic move is expected to have profound effects on various aspects of the country’s payments ecosystem.
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