Latest news with #modernisation
Yahoo
2 hours ago
- Business
- Yahoo
What keeps European payment executives awake at night? New Celent report alert
Earlier this year, Celent surveyed senior payments executives at banks across seven of the largest European markets: France, Germany, Italy, the Netherlands, the Nordics, Spain, and the UK. The Celent survey of European Banks featured only executives with senior leadership responsibility for payments technology investment, with either their own technology budgets or direct influence on technology budget prioritisation. Celent sought to explore two major areas: Executive attitudes to market developments, e.g., how they view certain regulatory and competitive developments, what they expect to have the biggest impact on their business, who is likely to benefit the most, and their views on the payments market growth. Payments in their organisations today and investment priorities, e.g., how banks view and manage payments today, what is driving technology-related projects in payments this year and in the next few years, areas in which they expect to make the biggest investments, and where they are in the modernisation cycle for some of their key payment systems. The European payments market is undergoing tremendous amount of change. Celent has been exploring the regulatory and competitive forces driving that change and how those might shape the European payments market over the next 5-10 years in several recent reports, such as: A Future of European Payments: Getting Ready for a Seismic Shift in Commerce Rethinking Your Digital Wallet Strategy: From Payments to Identity and Agentic Commerce Ding Ding, Round Three: PSD3 and the PSR1 Take Shape While those reports were informed by Celent's research and regular dialogue with the market participants, it was also keen to capture the voice of bank executives more formally and directly. What keeps European payment executives awake at night: key takeaways include: The European banks expect regulatory changes to have the biggest impact on the payments market over the next five years. Of those, banks identified the third Payment Services Directive (PSD3), Instant Payment Regulation (IPR), and digital euro as the top three regulatory changes shaping the market. While 44% of banks view the upcoming regulation as an opportunity, there are significant differences in attitude based on size, type, or geography. 50% of banks say that their payments business margins are becoming harder to maintain, although only 22% have a good handle of their P&L. Open banking payments and account-to-account digital wallets top the banks' investment agenda for the next two years, with much of that investment already underway. 48% of banks intend to upgrade their credit card issuing platforms in the next 1-2 years. Details on how to access the full report is available via this link. "What keeps European payment executives awake at night? New Celent report alert" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
BBC News
7 hours ago
- Business
- BBC News
Staffordshire library part of £5m modernisation project
A library in Staffordshire is set to be part of a £5m modernisation project, the county council has County Council has revealed Wombourne Library will be one of 10 larger libraries in the region to undergo extensive work in the next few library will close its doors at 16:00 BST on 2 August, with a temporary library set to open in its place in the adjoining community centre on 7 August.A county council spokesperson said work would take about three months, with the library reopening in the autumn. Hayley Coles, Staffordshire County Council's cabinet member for Communities and Culture, said: "This investment is for libraries that haven't been improved in recent years and the money will be spent entirely on improving the public areas."At Wombourne there will be a dedicated children's area, free Wi-Fi and access to the internet, as well as space for people to work on their own devices, access business start-up advice and dozens of other services."She added: "Although Wombourne's temporary library will be a little smaller, residents will be able to order from the service's whole stock as usual."We'll keep them updated as work progresses and I'm sure they'll be pleased with the final result when it reopens."As well as Wombourne, nine other libraries run directly by Staffordshire County Council, including Leek, Stone, Biddulph, Perton, Kidsgrove, Burntwood, Rugeley, Uttoxeter and Cannock, are in line for future investment. Follow BBC Stoke & Staffordshire on BBC Sounds, Facebook, X and Instagram.
Irish Times
3 days ago
- Business
- Irish Times
New Ukrainian PM seen as potential bridge between Washington and Kyiv
Ukraine 's appointment of Yulia Svyrydenko as prime minister highlights the country's need to balance defence with economic development and modernisation, and the crucial role that relations with the United States will play in the coming years. Ms Svyrydenko (39) was approved by parliament in Kyiv on Thursday to replace Denys Shmyhal as premier, in a cabinet reshuffle that Ukrainian president Volodymyr Zelenskiy said should energise innovation and production in the defence sector and other fields while streamlining the state and slashing bureaucracy. In her previous post as economy minister and deputy prime minister, Ms Svyrydenko shot to prominence by leading the delegation that signed a controversial agreement with the US on joint exploitation of Ukraine's natural resources in April. The deal – which gives the US preferential access to Ukraine's rare earth minerals and other commodities, and foresees the creation of an investment fund for postwar reconstruction – helped rebuild ties between Washington and Kyiv after a meeting between Mr Zelenskiy and US president Donald Trump had ended in acrimony two months earlier. READ MORE Ms Svyrydenko, an experienced economist, drew praise for clinching the difficult deal, and Kyiv hopes the connections she made with Mr Trump's administration will strengthen Ukraine's vital – but often strained – relationship with the White House.
Yahoo
3 days ago
- Health
- Yahoo
MP calls for modernisation of fertility laws
The Gosport MP wants to modernise fertility laws. Dame Caroline Dinenage has proposed a bill in Parliament to update the dated Human Fertility and Embryology Act 1990. The bill, titled the Human Fertilisation and Embryology (Regulation) Bill, aims to bring online fertility services and digital concierge providers under regulatory supervision. This move comes after the sudden closure of Apricity Fertility, an online fertility hub, just before Christmas, leaving hundreds of patients stranded in their treatments. READ MORE: Life-saving baby care service celebrates ten years of support Dame Caroline said in the Commons: "This is a classic case of regulation just not keeping pace with modern life. "It is criminal that organisations that are in the business of making dreams come true can just disappear, along with people's money and their hopes of starting a family." She also urged ministers to support the bill to protect families. The bill is backed by 11 MPs from various political parties and is set for a second reading on September 12.
Zawya
4 days ago
- Business
- Zawya
Abdulaziz bin Humaid Al Nuaimi reviews newly proposed building design of Ajman Department of Tourism Development headquarters
Ajman: Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of Tourism Development (ADTD), visited the department's headquarters to review the proposed building's new concept design, accompanied by His Excellency Mahmood Khaleel Alhashmi, Director General of the Department as well as several senior administrative and technical staff members. The visit commenced with a comprehensive presentation by the team developing the new design, which outlined the building's technical and planning components. The proposed structure will feature contemporary designs to support future expansion and foster a flexible work environment catering to the needs of both employees and customers. H.H Abdulaziz bin Humaid Al Nuaimi said: 'This project is a part of the Ajman Government's ongoing efforts to modernise its buildings and service facilities, in line with its vision to deliver best-in-class government services, achieve institutional excellence, attract top talents and foster an innovative work environment equipped to anticipate future challenges. It further reflects the Emirate's long-standing commitment to enhancing the quality of institutional life, while promoting sustainability across government projects by adopting the highest standards of practices in urban planning, facility management, and smart design. Furthermore, such initiatives help advance the UAE's wider economic and developmental goals, aligning with future demands.' The presentation also explored aspects related to operational efficiency, interior space planning and integration of the latest smart building and sustainability technologies, including energy-saving systems, natural lighting and designs aimed at minimising environmental impact. H.E. Mahmood Khaleel Alhashmi stated: 'This project highlights ADTD's belief in the importance of achieving integration between administrative and service functions at all levels, to facilitate enhanced customer experience and service quality. It further aligns with the vision of our wise leadership, which positions government infrastructure as a key pillar of institutional modernisation and an integral facet of nurturing a dynamic, future-ready environment capable of addressing emerging challenges with agility, efficiency and effectiveness.' This initiative is much more than just an expansion and marks a transformative shift in the philosophy of government facility design, with smart architectural elements being embedded within the core principles of productivity and institutional well-being. The new building, in addition to enhancing operational efficiency, also aims to transform government workplaces into dynamic, inspiring, and human-centred environments, which can adapt to the evolving needs of both employees and customers alike. Moreover, ADTD continues to explore avenues to further develop the concept design, ensuring its adaptability to the rapid changes in work methodologies and technological advancements, while remaining firmly rooted in the principles of sustainability and innovation. In this regard, design flexibility is not merely an aesthetic preference, but a strategic necessity that enables the Department to stay updated with future transformations in services, functions and workforce requirements. Through this project, the Department aims to demonstrate that investing in modern infrastructure is a direct investment in people, quality of life, as well as a more efficient and sustainable future.
