Credit and debit cards have existed for decades, but fintech is changing how they operate. Big Tech companies and cryptocurrencies are eager to offer cards so they can capture more retail sales. On the other hand, smartphones could replace all cards. Chips are already replacing magnetic stripes on cards, and some fintechs want to consolidate […]
A new era of intelligent voice recognition is beginning, and financial institutions need to start preparing. Capgemini found that 28% of voice technology users already make money transfers, and 44% want to use voice assistants for banking. Next generation voice recognition technology like Google Assistant and Amazon Alexa could become just as important as websites. […]
APIs are playing an increasing role in finance. They open up new possibilities in some fields, while in other areas recent regulations require banks to use them. This unusual combination of favorable developments led to explosive growth during the last decade. Standardized APIs will change the way that financial institutions interact with each other, their […]
Financial institutions focus so much on automating internal operations that they sometimes forget about end-user automation. Recurring payments are nothing new, but there are more opportunities to offer automated services to customers. Most people spend too much time paying bills, moving money between accounts, and doing other banking chores. Businesses have an even greater need […]
Some €99.3bn of non-performing loans (NPL) sales have already been announced in 2021, which would surpass last year’s total of €77.8bn across 103 transactions, according to analysis from Deloitte.
In the EBA guidelines on management of non-performing and forborne exposures, banks are required to introduce and operationalise NPL reduction strategies. DLA Piper’s Portfolio Solutions Group has started its internal review process on EBA’s consultation process for NPL transaction data templates. DLA Piper will provide, in particular, country specific views and a diverse approach taking […]
The market for non-performing loan (NPL) transactions in the EU will benefit from improved maturity and transparency following recent legislative and regulatory initiatives. The initiatives should be favorable for the NPL market. “More transparent pricing could also motivate existing NPL sellers to sell more portfolios and more banks to start selling NPLs, both of which […]