Banks and payments providers will need to act quickly to adapt to changing market trends, according to a new report by global payments solution provider Accuity. 

Here are the four key payment trends that will drive change in the year ahead:

NatWest has published data today that shows a marked increase throughout 2020 in small businesses seeking advice on redundancy, furlough and absence, in the wake of coronavirus lockdowns and restrictions.

Featurespace™, the leading provider of Enterprise Financial Crime prevention software, announced that Play Digital, the new fintech created by Santander, Galicia and BBVA, has chosen its ARIC™ Risk Hub to protect its new payments platform MODO from fraud.

Moorwand, which aims to transform compliance into an enabler of innovation, today announced that it has been selected by German fintech Stocard for issuing and BIN sponsorship services in the UK, France, Germany, Netherlands and Italy.

DealShare, one of India’s fastest-growing e-commerce companies, founded by Vineet Rao, Sourjyendu Medda, Sankar Bora and Rajat Shikhar, announced today its Series C funding round of $21 million led by WestBridge Capital, with participation from Alpha Wave Incubation - a venture fund managed by Falcon Edge Capital, Z3Partners and existing investors Matrix Partners India and Omidyar Network India. This round also saw investment from select independent angel investors.

Funding Options has teamed up with the Institute of Financial Accountants to ensure members have access to information and data-driven insights to advise SME clients on available financial solutions.

New research published today by SnapLogic, provider of the #1 Intelligent Integration Platform, reveals that 77% of IT Decision Makers (ITDMs) don’t completely trust the data within their organization for timely and accurate decision making.

SWIFT’s Chief Innovation Officer, Tom Zschach, speaks to Financial IT about the cooperative’s ambitious new strategy and its innovation agenda moving forward

You have been Chief Innovation Officer at SWIFT for a year now and the world has changed significantly in that short time, how do you see financial services adapting to the ‘new normal’?

Photo Credit : Martin Meyer (Unsplash)