The novel coronavirus outbreak that originated in Wuhan, China, in November of last year has since ignited a global pandemic that could permanently change the way business is conducted.
Not only that but, as with every economic crisis, there will be definitive winners from the aftermath of the economic fallout and these companies will help shape the future of e-Commerce in the USA/EU.
I’m pleased to announce the launch of Fi911 – a new brand from leading dispute technology specialist, Chargebacks911, built in collaboration with some of the world’s largest financial institutions (FIs) and payments processors to remove legacy redundancies.
Differing from its merchant platform, Fi911 specifically supports FIs with automated chargeback management and related activities. So, FIs will benefit from:
• Faster chargeback dispute resolutions
• AI-driven merchant onboarding, post-transaction monitoring, lifecycle management and reconciliation services
• Customizable tools catered to customers’ needs which can be reconfigured in real-time
• The ability to manage and engage their entire ecosystem
• Cost savings
• Increased insight
• Resolved chargeback pain-points
By enabling acquirers with more intelligent tools, more data connections, and more flexibility, Fi911 hopes for stronger decision-making and more proactive action to be taken to stop the growth of chargebacks.
Trust Payments Ltd, the global unified payments group for global pay-in, pay-out and customer journey technologies has today announced double digit growth in its 2019 statutory accounts.
While many analysts could never have anticipated the impact of the novel coronavirus pandemic on the world economy, there is a general consensus about what firms can do now and moving forward to build resilience against future “black swan” events such as the one currently roiling world markets.
When it comes to the future of banking and finance, forward-thinking firms are exploring the benefits of digital innovations, such as virtual IBANs and digital banking services.
The new Dos and Don’ts for any business looking to attract and keep new international customers.
Standing still is going backwards. That’s true for every business at all times, but especially in the harsh economic realities of 2020. A long-predicted downturn hit, ignited by the coronavirus pandemic, and no sector is free from its impact. But there are still opportunities out there, especially for online merchants looking to grow.
Payments, Payments, Payments newsletter providing informed insights into the UK’s payment landscape – read, subscribe and share at: www.northeypoint.substack.com/welcome
Contis hires Businesswoman of the Year, Lara Oyesanya, as General Counsel & Chief Risk Officer.
Cybertonica CEO and Co-Founder Joshua Bower-Saul along with Tony Craddock of The Payments Association discussed the Impact of COVID-19 on Payments Security at Payment Systems Regulation and Innovation Online Conference on June 4th, 2020.
Hosted by City & Financial Global, Payment Systems Regulation and Innovation Online Conference focused on all aspects of payments innovations, including regulatory framework, in the context of the new challenges brought on by the current global crisis.
Issues covered in the event include:
– Reducing the risk of fraud and cyber risk with and within the next generation of payments security
– Shaping and re-shaping the payment industry: privacy, data access and regulatory considerations
Cybertonica, a leading risk and fraud management platform using advanced data science techniques to meet the challenges in payments and fintech of risk, AML, compliance and fraud detection, today announced a partnership with Extra Loyalty, the award-winning Turkish loyalty and wallet platform specialised in end-to-end customised loyalty programmes and mobile technologies.
Be at the forefront of the digital revolution
By the time the world recovers from the aftermath of COVID-19, banking institutions would have seen a vast transformation in their systems, processes, and customer relationships. New future-ready, digital banking solutions will offer as secure, as easy, and as welcoming customer experiences as the brick-and-mortar ones provide. At Maveric, we help banks accelerate their transformation initiatives by integrating domain, UX design, technology, strategy, and execution. We have been enabling banks to achieve their customer satisfaction goals and accelerate their digitization journeys with modern technology solutions. A calculated and well-thought plan and collaboration with the right fintech solution providers will help get you ready for this dynamic and ever-evolving journey of going digital and help you to rise above such extreme situations, now as well as in the future.
In this blog, fscom Senior Manager Colin Sloan outlines the application process for priority cryptoasset registration.
In this blog, fscom’s Alison Donnelly comments on the FCA’s increased focus on winddown plans.
Join fscom’s Alison Donnelly and Carol Rossborough of ESTHER for the second in our series of EWPN Ireland Virtual Meetups.
Register here… https://www.eventbrite.co.uk/e/ewpn-ireland-virtual-meetup-tickets-111801617648
Judopay, a leading mobile-first payments provider, today announced that it has partnered with Thyngs, the physical-digital marketing specialist, to offer touch-free cashless payment solutions to businesses across the hospitality sector that are reopening from 4th July. At the same time, the partnership will offer charities another way of accepting cash-free donations, both during and after the pandemic.
The future is coming at us a lot more quickly than anyone anticipated. In light of the novel coronavirus and the pandemic it caused, keeping up with the technological advancement seems to be a top priority in most industries.
While many market analysts fingered digital banking as the wave of the future, nearly everyone is shocked at how fast these trends have accelerated in the past couple of months.
As of 1st July 2020, the Aston Lark Financial Institutions team will join the Protean Risk brand, making the combined team one of the largest dedicated brokers servicing UK and European financial services firms.
Protean Risk was acquired by Aston Lark and joined the wider group in November 2019. Protean Risk was the first acquisition that was completed for Aston Lark following Goldman Sachs’ investment in the company in September 2019.
The decision to combine the two teams under the Protean brand was due to its position as a market-leading specialist in the sector and to strengthen its offering to clients. Since its founding in 2008, Protean Risk has offered a breadth of knowledge and experience to its clients, as well as a high level of personal service. Since 2016, Protean Risk has held the coveted status of Lloyd’s of London Broker, which has entitled them to transact business in, and directly access the Lloyd’s of London market.
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