Hey LinkedIn fam, check out this groundbreaking blog post about the never-ending saga between Mercado Libre and the banks, trying to reach an agreement on QR interoperability. Find out about the ongoing accusations and the technical hurdles hindering the integration of credit cards into QR codes. You don't want to miss it. Read the full post here: https://ift.tt/bKmOc9L
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📌 What's new in Bankfeed 18.0 An update has been released, and here are the changes that were made: ✅ 2x extended bank account linking period. Following the changes introduced by the European Central Bank, it is now possible to extend the bank account linking period to 180 days (previously - 90 days) ✅ Improved bank account assigning. To avoid issues during the statement parsing, we have added a linking of Bankfeed and Business Central bank accounts ✅ Error-free Bankfeed company selection. From now on, when using the “Change API Key” function, you will be prompted to choose the Bankfeed company you want to connect to the corresponding Business Central company For more details and visuals, please follow the link in the comments. #WhatsNew #ReleaseNotes #NewFeatures #PaymentManagement
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Despite banking crises, crypto turmoil and uncertainty surrounding the trajectory of the U.S. economy, consumers’ financial habits are consistent. High trust in and satisfaction with financial services providers, paired with low interest in opening new accounts, have created stability. But this could easily turn into stagnation. Our biannual report “The State of Consumer Banking & Payments” tracks evolving trends in consumer banking, payments and investing, and evaluates what changing attitudes mean for the future of each industry. Download now: https://lnkd.in/e3eUMR2v #financialservices #data #banking #payments #finance
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No bank considers themselves 'legacy'. I don't like this term at all. Nonetheless, if you look under the hood, there are some organisations that for sure have less of what keeps them behind compared to other banks, who spearhead the market tech-wise. If only I got a dollar every time I hear 'we can't do this on our current system'... :) No worries though. We've prepared an analysis of what can you do to catch up. SPOILER ALERT: It's just a lot of hard work, effort, time and tons of other resources, but it REALLY IS worth it!:) Download our full report to explore how legacy banks can catch up with their competition: https://bit.ly/4cYi1aX
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We are pleased to inform you that Central Banking’s Fintech Regtech Global Awards 2024 are now open for entries. The awards bring together the official sector and the FinTech and RegTech communities to celebrate the most exciting and innovative work being conducted. Enter now: https://hubs.li/Q02rwltx0 -7 Official sector awards -10 Practitioner awards These awards recognise: -Innovation in products and policy, markets, economies and society -How the best results are achieved through partnership -The best work among central banks, other financial regulators and supervisors and the broader practitioner market #centralbanking #cbfintechregtechawards #awards #fintech #regtech
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Battle of the Digital Banks! 💥 It can be overwhelming for SMEs to decide on the right bank to open accounts with. However, selecting the right bank, either digital or traditional, is crucial as it could make all the difference in the success of the business. More information can be found on: https://lnkd.in/gdD4YrTr [Disclaimer: This video provides general advice and personal opinions—apply to your specific situation as circumstances vary]
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Oh joy! Another thrilling episode of "Fintechs vs Banks: The Central Dilemma" is about to drop, and guess who's bringing you the front-row tickets? That's right, your favorite professional social media marketer is here to deliver the hot goss. Get your popcorn ready as Mercado Pago takes on traditional banks with the grace of a daytime soap opera, while the Central Bank ponders - in what I assume to be a dramatically lit room - whether to pull the plug on Debin or grant the fintech darling Mercado Pago a bit more time to party with card integrations. If you live for the suspense of regulatory decisions and rumors that make high school drama look like child's play, then don't walk—run to our latest blog post! Clear your schedule, and check out the full scoop on how digital wallets might get a makeover, courtesy of the Central Bank. Here's the link for those who can't wait to dive into the financial rumble: [Mercado Pago vs Banks - The Central Decisions] (https://ift.tt/iNPmOXH). Remember, in the world of fast-paced finance, today's news is tomorrow's history!
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#fastpayments: design and adoption, from the Bank for International Settlements – BIS Quarterly Review Key takeaways 🔹 Fast payments have achieved mass adoption in some jurisdictions but not in others – with adoption likely depending on the design characteristics of different fast payment systems (FPS). 🔹 Adoption of fast payments tends to be more widespread when the central bank owns the FPS, when non-banks participate and when the number of use cases and cross-border connections is greater. 🔹 These insights can help inform the design and development of FPS and other payment infrastructures.
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The European Council and Parliament have reached a provisional agreement on mandatory instant credit transfers in euros. 🚀 Under the proposed rules, banks offering standard credit transfers in euros must also provide instant payment services at no extra cost. Non-bank payment institutions, including e-money firms and stablecoin issuers, will gain direct access to central bank payment systems, fostering competitiveness. 🌐 The move aims to enhance the strategic autonomy of the European economic sector, reducing reliance on third-country financial institutions. With a focus on universality, affordability, and increased trust, this agreement is a significant step forward. 🌍💶 #EuropeanPayments #InstantTransfers #FinancialInnovation
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How can fintech banks understand and meet regulatory expectations? 💡✅ Join the discussion at this fireside chat, featuring Raj Date, former Deputy Director of the CFPB. https://lnkd.in/g_RZuP7v
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A few weeks ago I shared in our member-only community that the most important development I am expecting to see in 2024 is “the digitization of the deposit account”. For some countries, it simply means improving their digital payments infrastructure. But very specifically, I see a few central banks encouraging their domestic banks to tokenized their deposit business, instead of introducing CBDCs directly into the economy. Fintechs will do well to explore this development. Comments welcome. Here is a video on my YouTube that explains this development. #cbdc #futureoffinance #bankingtrends #fintech https://lnkd.in/gXZ3jxqy
My one prediction for 2024: “The Rise of the Digital Deposit Account”
https://www.youtube.com/
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