India leads real-time payments globally

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Across the world, digital payments are now synonymous with mobile payments, with the rate of adoption directly linked to access to smartphones and telecoms networks.

The furious growth in digital payments in developing countries, especially in Asia, demonstrates the impact of the coronavirus (Covid-19) pandemic in advancing online retail sales, as well as the role that governments and regulators play in facilitating the spread of new payments systems.

A new piece of research by the Economist Intelligence Unit shows how the digital-payment revolution is transforming business in different parts of the world.

Governments have a crucial role to play in

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DE&I about bringing “humanity to the workplace”

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DE&I has always been a topic close to Fagnilli’s heart. Prior to joining Liberty Mutual, she worked in the banking, telecommunications, and healthcare industries, leading the development and implementation of advocacy and DE&I strategies. One of her biggest accomplishments is the creation and execution of health equity programs in the United States and European healthcare systems. Getting people access to healthcare, she said, was a cause “near to her heart,” and relates to her goal of “bringing humanity into the workplace”.

“Working within corporate America, I saw this opportunity in DE&I to bring it all together. DE&I is nothing if

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Hong Kong hosts Asian Forum of Insurance Regulators’ annual meeting

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“The pandemic has demonstrated the social contribution of insurance, enhanced general awareness of personal risk profiles and caused a shift in demand towards protective products,” Cheung said. “This bodes well for market resilience and financial stability, shielding us from unexpected shocks in future. Meanwhile, the low-yield environment and volatile investment climate call for increased vigilance and close coordination among regulators.”

The meeting included updates from several international organisations, including the International Association of Insurance Supervisors, the Organisation for Economic Cooperation and Development, the National Association of Insurance Commissioners of the United States of America and the Access to Insurance Initiative.

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What’s the current status of Open Banking in the UK?

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Open Banking provides an opportunity for merchants to offer a better customer experience at a lower cost. To achieve that, there are a few essentials you need to know about Open Banking vendors.

What’s the status of Open Banking in the UK?

Key takeaways

  • Working with an Open Banking provider that collect funds enables greater capabilities
  • To minimise reconciliation costs, merchants need batch settlement and detailed reporting
  • Choosing a provider that offers instant refunds will improve your customer experience
  • Only a provider with an in-the-flow-of funds collection model can support cross-border transactions

As consumer interest in Open Banking takes off

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