Figures from Accenture estimate that the point-of-sale (POS) finance space represents a $1.8 trillion opportunity for banks, and that’s just in the U.S. There are no two ways about it, retail finance represents an undeniably huge opportunity for banks. But are banks missing a trick by not being agile enough to dominate this landscape? Can they capitalise on this opportunity or will they lose out to the fintech pack who have come in and set the standard when it comes to POS finance?

In many ways, the UK is progressing towards becoming a cashless society. Despite this, there is a range of barriers threatening to undermine the UK’s ability to fully embrace this transition. From a lack of trust in new technology to a sentimental connection to existing payment methods, these barriers must be both identified and overcome if the UK is to operate in the modern climate.

ClearBank has today announced that it has been appointed by TrustPay, the Slovak-based e-commerce payments business, to provide real-time payments services to its European customer base.

Citi Treasury and Trade Solutions has forged a partnership with Vietnam-based intermediary payment service provider Payoo to facilitate last-mile consumer-to-business collections for corporate clients in the country.

On April 23-24 more than 3000 attendees from 70 countries gathered in the world’s blockchain capital — Singapore. Top crypto companies (Binance, Huobi, Listing.Help, crypto messenger ELVN and others), world famous experts (Tim Draper, Roger Ver, Alex Reinhardt and others), mining giants (Bitmain, Btc.com), representatives of key cryptocurrencies (Litecoin, Dash, Cardano, Neo and others) gave talks about the present and future of blockchain and cryptocurrencies at the 3rd Global forum in Asia.

Sysnet Global Solutions, the leading provider of cyber security and compliance solutions, was unveiled as this year’s Florin Awards ‘Excellence in RegTech’ winner in a glittering ceremony in the Louwman Museum in the Hague, the Netherlands, last night. The highly-competitive category is dedicated to championing RegTech providers whose product or service make a significant and tailored contribution to enhancing compliance in the payments industry.

FIME Savvi and FIME Savvi Test Host tools have been qualified by Brazilian payment network Elo to perform terminal validation testing to meet growing demand for card payments. Brazilian acquirers can now benefit from FIME’s test tools and local support.

Turnkey open banking platform provider, Token.io, today announces its selection by Sberbank Croatia to deliver PSD2 compliance and open banking capabilities. 

Sberbank Croatia is a subsidiary of Sberbank, a tier one European bank in terms of assets. The bank is now integrating TokenOS^TM into its banking infrastructure to establish PSD2 compliance and enable the systems flexibility required for it to develop new value-added open banking services, such as bank direct payments and account aggregation.

The Western Union Company’s global digital money-moving capabilities are making significant headway across the Middle East, with seven countries now offering online services, connecting customers to their famili

Esme Loans, the standalone digital lending platform for SMEs and scale up businesses has today announced that it has now lent over £50million to UK businesses.

The lender has seen a continued period of strong growth in the run up to today’s announcement, following an uplift in lending of 337% between 2017 and 2018.