ATM cash withdrawals will continue to increase in most countries

After many years of growth, the total number of ATM cash withdrawals worldwide dropped by 3% to 95 billion in 2018, and is forecast to continue falling, according to RBR’s Global ATM Market and Forecasts to 2024 study. This global view masks how use of cash is evolving in many countries, however, with cash withdrawal levels expected to rise in over half of the 63 major markets surveyed by RBR.

Financial IT was delighted to speak with Fabrizio Zanollo, Head of International Payments of Form3 during Open Banking Expo 2019 in London. Fabrizio Zanollo underlines the importance of Open Banking as a strategic priority for financial institutions. Furthermore, Fabrizio Zanollo mentioned that Form3 will expand and create strategic partnership outside Europe in 2020.

OneSpan™, a global leader in software for trusted identities, e-signatures and secure transactions, today announced that Bank Millennium, a rapidly-growing subsidiary of Banco Comercial Português (Millennium bcp), has deployed Cronto® technology to secure transactions while improving the experience for its corporate banking customers.

OKEx, the world’s largest futures cryptocurrency exchange, today announced the launch of USDT-Margined Futures. After a successful simulation beginning November 5, 2019, BTC/USDT Futures Contracts officially went live today, November 14, 2019, on the OKEx futures market. 

Banking Circle, the ground-breaking provider of financial services infrastructure has been shortlisted for three awards in the upcoming Card & Payments Awards. Banking Circle Virtual IBAN is up for the Best Service to Business award, and together with Ixaris Payments is shortlisted for Best Technology Initiative of the Year. In addition, Ixaris Payments and Banking Circle are shortlisted for Best Achievement in Payments Processing.

Ingenico Group, the global leader in seamless payment, today reported record breaking transaction volumes and payment authorization rates on its most successful Singles Day ever. The company outperformed last year with more than four times as many online transactions as 2018’s event and recorded its highest number of Transactions Per Second (TPS) ever. During the event, Ingenico’s Amsterdam-based ePayments division processed millions of payments seamlessly for leading Chinese-owned websites and marketplaces including AliExpress, Tmall and DHGate.

Standard Chartered’s innovation, fintech and ventures unit, SC Ventures, has participated in a Series A funding round for regtech Silent Eight.

Proposals by seven UK banks to levy a per transaction fee for for certain Faster Payment transactions as a means to provide a long-term, sustainable funding arrangement for the reimbursement of APP scam victims, have been knocked back by governing body Pay.UK following an industry-wide consultation.

Protiviti and the International RegTech Association (IRTA) have released the findings of a global market study they conducted to investigate the effectiveness of current ‘Know Your Customer’(KYC) processes. The study reveals an urgent need for more effective industry alignment to accelerate the digitizing of KYC processes and greater use of shared platforms.