About Ritson Douglas

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So far Ritson Douglas has created 7 blog entries.

Rapid Shift to Digital Payments: 3 in 5 Americans Anticipate a Cashless Future

FedNow Launch and Fintech Innovation Drive Americans Towards Digital Transactions In a recent survey titled "Cashing in on the rise of digital – key trends in US payments," it was revealed that a significant majority of Americans are anticipating a complete transition to digital payments in the near future. The survey, conducted by Temenos, [...]

By |2023-12-13T02:48:48-07:00December 13th, 2023|Blogs, News|Comments Off on Rapid Shift to Digital Payments: 3 in 5 Americans Anticipate a Cashless Future

The escalating costs of global financial crime compliance

The digital revolution, spearheaded by digital banking, cryptocurrency, artificial intelligence (AI), and digital payment systems, has significantly contributed to the exponential rise in global financial crime compliance costs. According to the recent findings of the True Cost of Financial Crime Compliance Study by LexisNexis Risk Solutions for 2023, the increasing costs have surpassed a staggering $200 [...]

By |2023-12-07T09:15:45-07:00December 7th, 2023|Blogs, News|Comments Off on The escalating costs of global financial crime compliance

FedNow vs RTP: The future of real-time payments in the US

With the upcoming July launch of the Federal Reserve's instant payment platform, FedNow, many are wondering how it differs from the existing Real-Time Payments (RTP) network. While both systems enable 24/7/365 clearing and settlement of domestic payments in the United States, a closer examination reveals unique advantages and characteristics for each method. In this [...]

By |2023-07-13T05:46:23-07:00July 13th, 2023|Blogs, News|Comments Off on FedNow vs RTP: The future of real-time payments in the US

Fighting Financial Crime Risks Through Machine Learning

The global banking industry is grappling with an ever-growing threat of financial crimes, particularly money laundering and sanctions violations. The costs and risks associated with these criminal activities are staggering, with an estimated loss of $1.6 trillion, equivalent to 2.7% of the global GDP, due to money laundering alone. Additionally, the rise in sanctioned [...]

By |2023-06-01T08:14:43-07:00June 1st, 2023|Blogs, News|Comments Off on Fighting Financial Crime Risks Through Machine Learning

US Prepaid and Debit Card Industry in 2022 [Infographic]

The prepaid debit and credit card industry has been steadily growing over the past few years with more businesses getting involved in the prepaid market arena.  COVID-19 cannot be overlooked as an influencing factor in this industry, as it has accelerated the need for cash alternatives and overall demand for cards. As a means [...]

By |2023-04-25T00:11:51-07:00October 14th, 2022|Blogs, News|Comments Off on US Prepaid and Debit Card Industry in 2022 [Infographic]

Join us at Money 20/20

Returning for its tenth year on 23-26 October in Las Vegas, premier global event Money 2020, will once again unite C-level executives, renowned speakers, innovators and disruptors from across the world to drive change in the future of money. The event brings together the Payments, FinTech and Financial Services ecosystem to create new and disruptive ways [...]

By |2022-10-17T13:32:32-07:00October 14th, 2022|News|Comments Off on Join us at Money 20/20

[Infographic] The Challenges of Compliance in 2021

2020 proved to be a rough year for the financial services industry, with the Covid-19 pandemic bringing with it new challenges and exposing shortcomings within the sector. In 2021, the pandemic has continued to change the way compliance functions operate within organisations; hybrid working policies becoming more prevalent, the increasing [...]

By |2021-08-03T06:37:23-07:00August 3rd, 2021|Blogs|Comments Off on [Infographic] The Challenges of Compliance in 2021