Issue #17 - Intro to Data Rich Payments
In the next few issues of Tracking Payments we’ll explore the new data sources that will impact financial services. Here’s some appetizers:
What do we mean by data rich payments?
Finance Digest: Understanding the realities of payment data monetisation
McKinsey: How open financial data is reshaping financial services
Use Cases of Better Data
IBM: Analytics: The real-world use of big data in financial services
The Paypers: Real-time payments: added revenue and stronger fraud defence justify the investment
The Paypers: Time to reimagine business banking: helping optimise business processes
When you have all this new data, what else is possible?
Paypers: Where Open Banking and payments innovation meet - interview with Citi
Fintech Futures: Is data the new currency for banks?
Payments Dive: Fintechs attack cross-border business payments as banks, legacy players rush to innovate
News We’re Reading This Week
Techcrunch: Rapyd raises $300M on $8.75B valuation as fintech-as-a-service continues to boom
Banking Dive: Sable taps Wise for cross-border payments
Payments Journal: Lloyds Bank and Visa Promise Straight-Through Processing for Commercial Charge Cards
Cision: Interac and many of Canada's leading financial institutions enhance Interac e-Transfer to introduce instant digital payments for businesses
Fintechna: The Great Migration
Banking Dive: Chase study highlights growing popularity of digital banking
Termsheet: New CBDC report highlights potential opportunities and challenges of introducing a Central Bank Digital Currency in the U.S
If you have thoughts or questions to share on this series, please leave a comment.
These musings on the developments in data-rich payments are assembled by the team at 20022 Labs. See more issues and subscribe to get updates in your inbox.