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stanley mug digital innovation and data-decisioning.Digital innovations beget digital gains, and while the world is changing faster and faster, payments sector innovation is keeping pace, driven by parallel advancements in technological capabilities and shifts in consumer behavior. With the increased digitization of everything, theres a lot to think through, a lot to build, and at the same time, regulate, Hicham Oudghiri, co-founder and CEO of Enigma, told PYMNTS CEO Karen Webster as part of the Whats Next in Payments series. I think what we ar
stanley thermoskanne e going to see is much more domain-specific regulation, Oudghiri added.Given the rapid clip of todays technical advancement, regulation increasingly plays a critical role in shaping the payments industry, ensuring consumer protection and maintaining the integrity of financial systems.Oudghir
stanley italia i explained that right now, regulation in FinTech is like a proxy regulation, where FinTechs are regulated off of the back of the ecosystem that they plug into. But regulators are getting smarter, increasing their scrutiny as concerns around shadow banking move up their priority list.As regulatory authorities become more tech-savvy, Oudghiri predicted the emergence of domain-specific regulations within the FinTech sector, tailoring rules that cater to the unique characteristics of various financial services.Challenges and Opportunities in the Digital AgeThe payments industry is now ext Cuii Danal And Billeo Partner Up To Expedite Mobile Purchases
The PYMNTS team caught up with experts in the payments field to ask them their views on industry trends, predictions for the future and what their ideal payments system looks like.Heres what Dan Kramer, Senior Vice President聽of SHAZAM, Inc., had to say.PYMNTS: What were the biggest challenges of 2015 DK: Some of the challenges have been purely the disruption in the market. There a significant amount of capital investment being placed into this industry, or what I call the Kessler effect of payments.Kessler was a
stanley cup scientist with NASA in the early 1970s, and he was doing some research on basically the amount of junk thats out in space, and what he discovered was that when these satellites collide into each other, they create fragments. And as those fragments hit each other, they collide again.Payments is really similar right now 鈥?theres a lot of fragmentation.The reasons its important is because it expensive to get into this business, and unless youve got a big rocket, you better be good at what you do.
stanley kaufen PYMNTS: What are your predictions for the industry in 2016 DK: I think for 2016, it is imperative that the financial institutions continue to develop fast technologies that are easy to use and secondary to what the consumer experience is.At the end of the day, it about building a customer experience and anybody who can capture and make that easier, faster and better for the consumer will be successful.P
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