A new study from Juniper Research has found that global international digital money transfer transaction volume will reach 2 billion by 2024; up from 1.1 billion in 2019.
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Though it may seem like everything in the payments space is geared towards boosting conversion, i.e. the amount of times a potential customers completes the intended action of clicking “buy” – and this is indeed the case – I’m here today to tell you about three specific ways in which payment technology can raise the conversion rate, i.e. the amount of times a potential customer completes the intended action of clicking “buy” divided by the amount of website visitors.
Deutsche Bank has published its outlook for the decade ahead, predicting growth in appeal of cryptocurrency given the fragility of fiat money.
The 'Imagine 2030' report highlights the dangers of the forces holding the fiat money system unravelling in the next decade, in turn fuelling the demand for crypto.
Deutsche Bank describes cryptocurrencies as "additions rather than substitutions", but believes this may change by 2030.
A group of former Morgan Stanley executives is building a cryptocurrency derivatives trading platform.
Tao has assembled a group of eight former Morgan Stanley staffers for the new venture, which wants to be "the world's most trustworthy crytpocurrency derivatives trading platform".
Thousands of retailers and millions of shoppers are being targeted by fraudsters this weekend as the holiday shopping season begins, according to a comprehensive study by retail and fraud experts at GBG – the global identity data specialist.
Researchers at leading cyber-security company Check Point have revealed how Chinese hackers were able to steal $1 million from a Chinese venture capital firm through a simple but convincing business email compromise (BEC) scam.
The $1M was seed funding that was intended for an Israeli start-up company. Neither the VC nor the start-up suspected anything was wrong, until the start-up realized they hadn’t received the funding. Both sides then got on the phone and quickly realised that the money had been stolen.
The European consulting firm EUROGROUP Consulting, in an exclusive annual study on corporate and investment banking (European CIB Outlook 2019), reveals the numerous challenges European CIBs urgently need to address, and outlines strategic and organisational solutions to help them reduce the performance gap with their US counterparts.
Italy's UniCredit says it will cut 8000 jobs and close 500 branches over the next three years as part of a programme to boost shareholder value.
To help achieve this, there will be major job cuts and branch closures in Italy, as well as some in Germany and Austria.
Meanwhile UniCredit has set a target of increasing the percentage of customers that banks digitally from 45% to 60%.
Emerging technology talent specialist mthree has made a string of senior hires as part of its continued growth.
mthree, which works with leading global investment banks and fintechs, now employs more than 600 staff across four continents. The new hires come after the business reported record revenues in 2018 and are on-track to go beyond that with revenues of c. £39m in 2019.
Wirecard, the global innovation leader for digital financial technology is cooperating with CarGo Technologies for seamless payment solutions. The goal is to team up for all in-app payments for the ride hailing platform in Belgrade, Vienna and Zurich where CarGo Technologies is present, and as a payment partner for the company’s expansion.