Dear Subscriber,

“Fintech is fantastic as it is, but it is not a panacea,” said Mark Aldred, banking specialist at ATM software firm, Auriga.

The remarks came in response to the Access to Cash review which revealed that 8m UK consumers would struggle in a cashless society.

And fintech is not doing enough to bring that huge consumer banking population onboard the most advanced, leading edge protocols.

Elsewhere, Sebastien Slim, director of Europe and Americas at HPS, reveals that SCA is not talked about as much as GDPR and 3DS Secure in client conversations, despite the September 14 deadline.

Read, enjoy and share.

David Beach

PaymentEye

Fintech still needs to do more to better serve the 8m UK consumers struggling with the emergence of a cashless society, despite the recent success of the fintech boom according to a survey and some market participants.

A senior payment professional has revealed that Open Banking, GDPR and 3D Secure 2.0 dominate client conversations while Strong Customer Authentication (SCA) is not a priority despite the deadline for compliance fast approaching.