UK reconsiders FIs’ push payments fraud strategy, SMBs stunted by personal debt, and the ICC talks trade finance technology.
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

February 202018

       BUSINESS TO BUSINESS EDITION

Cashless Society

Mastercard, UAE Exchange: Building A Cashless Middle East

Many customers are left unbanked because of where they live or because how much they make (or don’t make) prevents them from getting an account. UAE Exchange CEO Promoth Manghat and Girish Nada, GM, UAE Mastercard explain how new technologies, including blockchain tech, make it possible for the underbanked to access financial products and services in this emerging economy.

 

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Cross-Border Payments

International Payments Group Champions Faster Cross-Border Payments

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments, but payments experiences are far from ubiquitous from market to market. The Committee on Payments and Market Infrastructure (CPMI) is now calling for cross-border payments to accelerate on a global scale, arguing the emergence of cryptocurrencies and blockchain is proof that the current traditional banking infrastructure isn't meeting the market's needs.

 

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SMB Finance

Blockchain Forces A New Conversation About The Trade Finance Shortage

There is a $1.5 trillion gap in available trade finance, and it's stunting SMBs' ability to trade and grow globally. Trade finance is a common use case targeted by FinTech innovators, including alt-lenders and blockchain companies. Krishnan Ramadurai from the International Chamber of Commerce tells PYMNTS that while blockchain is too new to have made any impact, what it has done is force a new conversation among banks and regulators about how to wield technology to meet trade finance demand.

 

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What's Hot


SMBs Financed Via Personal Debt Less Likely Thrive, Study Finds


UK Watchdog Wants Banks To Change Push Payments Fraud Strategy


Use Of AltFin Climbs For Small Business Borrowers


UK’s FCA Inks FinTech Collaboration With CFTC


More Arrests In Punjab National Bank Diamond Fraud Case


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