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Research Reports

Blockchain powers efforts to make Dubai happiest city on earth

Reported by | Updated: June 4, 2021

UAE has progressed phenomenally in the use of blockchain in various aspects covering life and governance in the country: The UAE government is one that had officially adopted blockchain technology for governmental transactions and towards this it had launched the Emirates Blockchain Strategy 2021 and Dubai Blockchain Strategy. The former, announced in April 2018, aims […]

Canada yet to develop a system, framework for Open Banking

Reported by | Updated: May 14, 2021

Canada is one country in the developed world that is yet to make a start in open banking: Canada, in spite of its well-developed banking system, does not have any initiatives taken up to bring in open banking. In fact, the country lacks an open banking framework on the lines of PSD2 in the EU […]

France gets a taste of Open Banking

Reported by | Updated: April 28, 2021

Two fintechs have brought the benefits of API banking to France: British fintech company Revolut has recently announced that some 1 million bank customers in France can now avail of the benefits and conveniences of open banking in France. The new feature allows retail customers of Revolut to connect their Credit Mutuel, Caisse d’Epargne, Banque […]

Digital gives major push to merchant services

Reported by | Updated: April 12, 2021

In the third and last part of the 3-part report based on The 2020 McKinsey Global Payments Report, we discuss the prospects of merchant acquiring business in the wake of the pandemic: The 2020 McKinsey Global Payments Report unequivocally states that the shift to electronic transactions has placed front and center the need for merchant […]

Prime-Time for Real Time

Reported by | Updated: April 1, 2021

ACI Worldwide and GlobalData have come out with ‘Prime-Time for Real Time’, a global report tracking and analyzing real-time payments volumes, growth, and dynamics across 48 global markets. (To read the full report click here)

Bank customers seek personalization, trust; low interest in novelty

Reported by | Updated: March 25, 2021

A special report by Accenture analyses the trust and loyalty trends among global banking consumers: Banks have encouraged consumers to engage with them through digital channels. Migrating low-value and process-driven interactions to digital channels while retaining high value and more complex client activity in branches meant they saved costs while protecting personal relationships with customers. […]

The Dutch have some hesitation

Reported by | Updated: March 23, 2021

While the Netherlands adopted PSD2 readying for introducing open banking, there appears to be some reservations among the general public: Post its adopting the PSD2 legislation in 2019, the Netherlands is now in the process of readying for open banking. The country has a track record of being a leader in the whole of Europe […]

Microsoft as brand most targeted by phishers

Reported by | Updated: March 12, 2021

Check Point Research has come out with a research study on global brands affected by phishing attacks: Microsoft was the most frequently targeted brand by cybercriminals during Q32020-21, according to Check Point Brand Phishing Report for the quarter. The report highlights the brands that hackers imitated the most to lure people into giving their personal […]

Remittances to LMICs to fall by 14% to $470 bn

Reported by | Updated: March 11, 2021

International migration is expected to fall in 2020 for the first time in recent decades, as per World Bank’s ‘Migration and Development Brief’ As the covid pandemic and the economic crisis continue, the amount of money migrant workers send home is projected to decline by 14% by 2021, compared to the pre-covid levels in 2019, […]

Central Banks become net sellers of gold

Reported by | Updated: March 11, 2021

Central banks became net sellers of gold for first time in a decade in Q3 2020 as the pandemic continues to rage, a study by the GFMD team at Refinitiv has revealed. The study also highlights that gold demand falls by 30% year-on-year and jewelry fabrication remained the worst impacted sector, dragged lower by the […]

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