As much as 13% of banks’ payments revenue in China, or US$61 billion, is likely to be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new report from Accenture (NYSE: ACN).

Crypto taxes can be heavy on the pocket; especially when you aren’t prepared for them. Since there isn’t too much awareness around crypto taxes yet, most of us tend to end up with a heavy crypto tax liability come tax season. However, in the past few years, there’s a lot more awareness around crypto taxes, and the IRS has cleared up a lot of the ambiguities surrounding the issue. 

The payments industry is undergoing heavy consolidation and internationalisation. Nets is actively taking part in this development with the ambition of building a leading European payments player. Recently, several newly acquired companies have been integrated into the group, and Nets has decided to focus on and invest into its strongholds and scalable businesses within merchant services and processing.

To enable the next phase of the strategic journey, Nets now brings new competencies into the Executive Committee.

Statistics from RSA Security’s Global Fraud Report for Q2 2019:

Stratis, an enterprise blockchain technology company, announces that its online hackathon to promote the use of smart contracts is now live. The Stratis Smart Contracts Challenge has been set up to create a community of experts to develop smart contract applications that are useful, easy to use, innovative and can have a big impact in a variety of industries such as financial services, international trade, supply chain, energy and Internet of Things.

Raddon®, a Fiserv company and provider of innovative research, insightful analysis and strategic guidance to financial institutions, has launched a new solution to help financial institutions better understand customers’ and members’ lifestyles and

High street fashion icon River Island has today announced a partnership with Klarna to offer their customers a smooother way to pay, enabled by Adyen. At River Island, shoppers can now split the total cost of their online purchase into 3 equal monthly instalments with Klarna — completely interest and fee free. 

About Salt Edge

The much anticipated data privacy regulation GDPR hit businesses back in 2018, and ever since there has been a constant growth in the quantity of data breaches reported, at the same time an increase in customer complaints. The magnitude of recent intent of fines on large multinational corporations, such as British Airways’ colossal £183 million fine after half a million customers had their data stolen,[1] has highlighted just how critical GDPR compliance is for businesses.

BNY Mellon, a global leader in investment management and investment services, is reaffirming its commitment to being a leader in Singapore's vibrant and emerging fintech and innovative technology environment. The company, which established a Singapore presence in 1974, has continued to grow its influence in the region – including the opening of its Singapore Innovation Center in 2016. BNY Mellon is today announcing a number of new initiatives to further embed BNY Mellon into the fabric of Singapore's digital and financial ecosystem.