Exploring the future of payments and banking

The story of the struggling artist is an old one and has been written into folklore. It depicts an individual who pours their heart and soul into their creative endeavours whether that be art, music, or writing. They generally receive little if any reward during life. And then upon death, their talents are discovered, and… Read more…

How payments and commerce providers are taking on the last defences of incumbent banks Commentators have been predicting the disruption of core banking for many years now, but the scale of incumbents’ distribution and the strength of their engagement with customers have acted as high barriers of defence, limiting any assault on the lending and… Read more…

Most retailers accept card payments, but, while convenient for the consumer, it can be costly for the merchant. From interchange fees to the risk of chargebacks due to fraud, many merchants are having to shoulder the financial burden of offering card payments to their customers when Open Banking payments can be just as convenient as… Read more…

January of this year marked the three-year anniversary of Payment Services Directive 2 (PSD2), and while Open Banking is still arguably in its infancy, it’s proving to be an attractive opportunity for fintechs and banks to work in partnership. The fundamental benefits of Open Banking – improved customer experience, new revenue streams, and a sustainable… Read more…

Welcome to the Pollinate’s ‘Fintech Deepdives’, a series of informative articles and blogs about some key issues in merchant payments. There’s a vast quantity of change happening right now. The global pandemic accelerated a switch to physically remote payments (both online and in-store); regulatory pressures to improve how merchants verify and authenticate the payment identity… Read more…

Traditional banks face a new dawn, in which they’re required to prove themselves as viable competition to more agile and innovative newcomers to the industry. Until recently, challenger banks such as Monzo and Revolut have faced criticism from more established players – and even the Bank of England. Despite enhanced customer service, faster decision-making, and… Read more…