Scrive’s Post

Our clients have learned that the right technology, paired with a consumer-centric approach, can transform challenges into opportunities. Allied Payment Network offers digital payments solutions that aren't just innovative, but that also resonate with our #bank and #creditunion clients' needs and align with their core values. Read our client success stories: https://hubs.ly/Q02zg8Jj0

Instant payments provide immediate processing, benefiting consumers with real-time clarity on account balances and businesses with enhanced cash flows. Financial institutions stand to gain a competitive edge by offering such solutions, driven by the growing demand for quick transactions in international trade, e-commerce, and digital banking. Yet, alongside convenience comes operational challenges, necessitating innovation in compliance, liquidity management, and customer experience to fully capitalize on this trend. Authored by: Hazem Mulhim, CEO at Eastnets. Read more: https://lnkd.in/difKQWCh #Finance #Banking #FinancialSolutions #Payments #Cashflow #DigitalBanking #InstantPayments

In the realm of digital payments, consumers no longer simply desire efficiency and convenience; they now expect it. This has led to a rapid embrace of digital platforms by businesses. With the emergence of new regulations and technological advancements like artificial intelligence and open banking, adaptable strategies have become a necessity. Here are three key strategies to enhance digital payments and drive business growth.

The National Payments Vision for FinTech ⭐ We have submitted our input to HM Treasury as part of its work on developing a National Payments Vision (NPV), which is due to be published by the summer. We outline why the NPV needs to set out an ambitious agenda to help deliver the next generation of payment experiences for merchants and consumers, building on the successful innovation and competition that FinTech has helped bring about. The UK should be the world leader in digital wallet payments, with a digital payments ecosystem that supports and enables a diversity of payment methods and providers, underpinned by competition where the consumer has choice and control and can easily use different payment systems, methods and providers with ease and with confidence in an equivalent level of consumer protection. This trusted, competitive, digital, interoperable ecosystem can enable: - Improved productivity for UK merchants and businesses - Better outcomes for customers and citizens - Increased growth and inward investment for the UK payments industry   - Greater strategic autonomy and resilience for the UK economy and society   Our paper examines FinTech’s role in the payments landscape, how the government can implement, deliver and review the NPV’s progress, and key aims that the NPV should include to support the FinTech sector, such as: ⚙️ Account to Account payment method: The NPV should prioritise the development of a new major payment method to compete with card payments, powered by Open Banking.  📜 Regulatory support for innovation and competition: Deliver a regulatory framework that allows different digital payment methods to compete on a level playing field. 🏗️ National Payments Architecture (NPA): A recommitment to deliver NPA and its strategic objectives, with a clear roadmap and timeline for implementation, and an ambition that is cloud-native. 🌍 Interoperability: The NPV should set out a roadmap for working towards interoperable payment systems, domestically and globally. See link to the report 👉 https://lnkd.in/eAinjhYg #FinTech #InnovateFinance #VoiceofFinTech #DigitalPayments #FutureofPaymentsReview #NationalPaymentsVision #Paymentstrategy #UKFinTech #Payments Paul Worthington | Adam Jackson | Jago Corry | Megan Jenkins | Christopher Foo

The cross-border payments industry is at a turning point, driven by growing customer demands - across retail, corporate and financial institutions - for speed, transparency, cost efficiency and greater access. To address these changing needs, G20 members endorsed the Roadmap for Enhancing Cross-border Payments in November 2020, which sets quantitative targets to address the associated challenges and frictions. This white paper explores these dynamics, highlights recent developments, and assesses the future steps needed to modernise cross-border payments. https://lnkd.in/gzHNYAN2 #payments #banking #g20 #iso20022

Good to see Innovate Finance submission to HM Treasury on the National Payments Vision and Strategy. It makes some strong arguments about the future direction of payments and the importance of the right frameworks to support resilience and innovation.

In the realm of digital payments, consumers no longer simply desire efficiency and convenience; they now expect it. This has led to a rapid embrace of digital platforms by businesses. With the emergence of new regulations and technological advancements like artificial intelligence and open banking, adaptable strategies have become a necessity. Here are three key strategies to enhance digital payments and drive business growth.

In the realm of digital payments, consumers no longer simply desire efficiency and convenience; they now expect it. This has led to a rapid embrace of digital platforms by businesses. With the emergence of new regulations and technological advancements like artificial intelligence and open banking, adaptable strategies have become a necessity. Here are three key strategies to enhance digital payments and drive business growth.

In the realm of digital payments, consumers no longer simply desire efficiency and convenience; they now expect it. This has led to a rapid embrace of digital platforms by businesses. With the emergence of new regulations and technological advancements like artificial intelligence and open banking, adaptable strategies have become a necessity. Here are three key strategies to enhance digital payments and drive business growth.

Payment orchestration platforms are essential for businesses looking to optimize their cross-border transactions. The global payments landscape is evolving, with fintech innovations making cross-border payments faster and more cost-effective for consumers. By integrating a payment orchestration platform, businesses can benefit from reduced transaction costs, faster processing, and enhanced transparency across different jurisdictions. This approach not only modernizes operations but also ensures businesses can keep up with the demand for seamless, efficient international payments. https://lnkd.in/dmVMCkpw