Thank you Mashreq and DIFC Innovation Hub for having us as part of today’s roundtable discussion with Ripple. It was a great opportunity for us to discuss and learn more about the latest digital assets trends in commercial banking. We live in exciting times, where accelerated payments, reconciliation, and seamless integration with accounting systems is a priority in B2B payments.
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🌍 Open banking is reshaping financial services globally, with different regions leading the charge through innovative regulations and initiatives. Are you curious how these changes are impacting payments? ➡️ Discover more about the trends driving the future of finance: https://tapdash.co/ #fintech #digitalpayments #paymentsolutions #epaymentsystems #instantpayments #globaltrends #onlinepayments
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Customer demands, competitive pressures, and regulatory changes are pushing 93% of banks to upgrade their payments systems. 🔗 Source: KPMG Payments Modernization Report 2023 #PaymentsTransformation #InnovationInBanking #Fintech
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How Open Banking will Enable Embedded Finance At #EBAday2024, Afonso Fuzeta Eça, Appointed Executive Board Member, Banco BPI, expands on the future of #openbanking and #embeddedfinance and how these two trends are transforming the #financialindustry. While regulatory pushes such as #PSD2 led to more uptake of open #banking, #financialinstitutions continue to take advantage of what is occurring in the #fintech space and move forward. The conversation also turns to how open banking is the catalyst for #embeddedfinance and through #openpayments, customers and businesses alike will be able to simplify the #payments journeys of small business operators. https://lnkd.in/exiawTVv #fintech #FinextraTV #finance #economy #money #innovation #future #trends #banking #BancoBPI #regulation #digitalpayments
How Open Banking will Enable Embedded Finance
finextra.com
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Your Business is Unique! And so are your Payment Requirements.... You probably need to make payments to your suppliers, subsidiaries, and employees, as well as collect payments from your customers, all of whom can be spread across multiple countries - pretty standard right? To support these diverse payment needs(real-time payments, cross-border payments, Foreign Exchange [FX] payments, etc.), which require different messaging standards (domestic and cross-border clearing and settlement), you need a Bank set up with multiple/payment systems, which at times could lead to inconsistent experience across corporate customers. Find yourself a Bank that has a flexible, integrated payments platform to handle diverse instructions from multiple channels and send them to different payment infrastructure providers( SEPA, SWIFT etc) for successful processing, to ensure a consistent experience is provided to corporates' diverse payment requirements. Your requirements are uniquely yours - and our team at Lidion Bank is set up to ensure your Banking experience is bespoke to you and your business. Bank Smarter, Grow Faster. #Lidionbank #corporatebanking #banking #fintech
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