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By 2022, Most Payments will Migrate to ISO 20022, a Standard for Electronic Data Interchange between Financial Institutions, According to Payment Components

The team at Payment Components, a UK-based firm that’s empowering Open Banking with agile PSD2 and API frameworks (developing solutions for banks, corporates, and developers including BaaS while supporting Fintech payments), notes that with the introduction of new regulations and payment systems, managing a bank’s… Read More

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Cambridge Centre for Alternative Finance, World Bank and World Economic Forum Present Global Study on COVID-19 Impact on Fintech

The Cambridge Centre for Alternative Finance (CCAF), along with its partners the World Bank and the World Economic Forum, hosted a presentation this week outlining its findings in a study reviewing the COVID-19 pandemic and its impact on the Fintech industry. The survey was launched… Read More

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Bank of Canada Is Reportedly Planning to Hire Economist that Will Conduct Research related to Fintech and Central Bank Digital Currencies

The Bank of Canada, the nation’s central bank, recently posted a new job requirement for an economist who may have experienced working with digital currencies and financial technologies or Fintech services. The reserve bank has noted that it aims to serve as “a leading central… Read More

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Elon Musk Yanks Tesla Purchases with Bitcoin Due to Mining Cost, Bitcoin Tanks

Elon Musk has once again altered the trajectory of a cryptocurrency – this time with  Bitcoin. Via Twitter, Musk announced that Tesla will no longer accept Bitcoin due to concerns regarding the cost and affiliated energy usage in Bitcoin mining. Musk stated: “Cryptocurrency is a… Read More

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