Elevator Lab, powered by RBI, organized its annual Demo Day on the 10th of June 2021. Unlike the previous events, the Demo Day took place in a digital format due to the COVID-19 crisis.
Commenting on US GDP and pandemic-low jobless figures, Ali Jaffari, Head of North American Capital Markets at Validus Risk Management, said: “US initial jobless claims and QoQ GDP came in slightly lower than consensus estimates at 406K and 6.4% respectively. Employment data remains a key focus for the Fed and a continued convergence to pre-pandemic levels will certainly drive the thinking on tapering discussions.
Financial inclusion measures and the ongoing need for cash led to a rise in ATM numbers in almost half of all countries, but overall, the global ATM installed base fell slightly in 2020 Cash remains the most widely used method of payment in many countries
- 26.05.2021 12:05 pm
Ralf Ohlhausen, Executive Advisor at PPRO, comments: “It’s easy to understand how the pandemic has changed priorities and caused delays in many projects. However, Strong Customer Authentication (SCA) was originally meant to come into force in September 2019 and so far only non-card payment methods had to implement it. Whilst many merchants are hesitant, a recent study suggests that 37% of them expect no changes to conversion rates and indeed 31... more
Covid Lockdown Roadmap: How Businesses Should Prepare for Ongoing Restrictions of Rules That Are Changing From Today
In light of the news that England enters step three today, pubs and restaurants will be able to open indoors, and groups of six people or two households will be able to mix indoors. With this in mind, Angus Burrell SVP Retail at global payments service provider, emerchantpay, predicts that both in-store and online sales will see a significant increase. He advises that businesses and payment providers should focus on optimising their payment... more
Smart Engines Became One of the 14 Companies to Recover the Tourism Industry in Portugal in the Post-COVID-19 Era
Smart Engines, a science-driven company, is participating in an international program The Journey PT 2021 for speeding up the restart of the Portuguese tourism industry after the pandemic. The main goal of The Journey is to help solve business challenges using global innovative solutions, especially for tourism. Turismo de Portugal is featured as the main partner of the program. The Journey is organized by collaborative innovation consultancy... more
- 07.05.2021 10:00 am
New research from BNPL provider, Clearpay, has shown that despite being the generation hit hardest by the pandemic, Gen Z and Millennials are the most financially savvy generation in the UK – with 68% of Gen Z and 61% of Millennials budgeting and saving more responsibly than their older counterparts.
Financial institutions and their directors have to navigate a rapidly changing world, marked by new and emerging risks driven by cyber exposures based on the sector's reliance on technology, a growing burden of compliance, and the turbulence of Covid-19, according to a new report Financial Services Risk Trends: An Insurer's Perspective from Allianz Global Corporate & Specialty
The COVID-19 accelerated the growth of the cloud computing market as companies across the globe started seeking a way to secure business continuity amid the lockdown. However, the following years are set to witness even more impressive growth, with revenues hitting a new benchmark.
Banks will Return to Pre-COVID Performance Levels within Three to Five Years, According to Kearney Analysis
Analysis from global consultancy partnership Kearney has found that the performance of retail banks is likely to return to pre-pandemic levels within three to five years, although profitability will remain under pressure in the next two years.
- 27.04.2021 01:22 pm
e-learning platforms have seen a breakthrough since the Pandemic. Social distancing and lockdown have resulted in shutting down schools, colleges, and universities. Many businesses have also shifted their work at home. As a result, education and learning is undertaken remotely over digital platforms. It became a benediction to bring out positivity in people in those uncertain times.
Mastercard today announced a US$10 million (approximately 75 crore rupees) commitment to directly address critical Covid-related needs in India. Over the past few weeks, the country has seen a spike in both Covid diagnoses and deaths, with the healthcare system being stretched to its limits as more than 350,000 new cases are identified each day.
The COVID-19 has given contactless payments technology the boost it needed for widespread global adoption, as consumers worldwide started avoiding cash in fear of spreading the virus. According to data presented by BuyShares.co.uk, contactless payments are expected to continue rising worldwide and hit a $665bn transaction value in 2021. The impressive growth is set to continue in the following years, with the total value of contactless... more
- 21.04.2021 04:39 pm
On April 21st a new accelerator programme is being launched in the UK to help organisations around the world succeed in the new economy after lockdown in ways that are both good for people and good for the planet. The Build Back Better Accelerator will support leaders of financial services organisations launch new and more sustainable products at a rapid pace, as well as investing in new start-ups and ideas independently.
The coronavirus pandemic has brought about chaos for many UK SMEs, but raw entrepreneurism has risen through the uncertainty as businesses adapt and pivot to survive. New research1 on the future of businesses from Cynergy Bank found that 70% of businesses have had to change their business model to survive during the pandemic. 9% have completely changed their business model, while 33% are now selling an additional range of goods or services and... more