Engineering secure and scalable open banking with AWS
Open banking is helping to revolutionise financial services access via APIs, enabling secure data sharing and fostering innovation in the banking industry
April 23, 2024
Open banking is helping to revolutionise financial services access via APIs, enabling secure data sharing and fostering innovation in the banking industry
We’d like to invite fellow Payments Association members to join BVNK and guests including Chainalysis, FIS, Worldpay and more on 22 May for Currency LDN, as we look at how
Globally, B2B travel transaction volumes are projected to reach $1.7 trillion by 2027 with the APAC (Asia Pacific) region in the lead as the fastest-growing market expected to reach $480
Swift’s recent collaborative experiments with 38 global institutions demonstrated new use cases for its CBDC interlinking solution across digital trade, securities and foreign exchange.
The Payment Systems Regulator (PSR) has set 7 October 2024 to implement the new mandatory reimbursement rules for victims of authorised push payment (APP) fraud. Why it matters The proposed
VE3 has been selected as a key supplier for the Payment Acceptance 2 Agreement by Crown Commercial Services for the provision of payment consultancy services.
Sanctions and counter-terror finance (CTF) screening have become a more demanding area of compliance. Sanctions lists used to be relatively static. Following the Russian invasion of Ukraine, they are now
Today, The Payments Association head of policy and government relations, Riccardo Tordera attended the release of Visa’s report, Payments: Putting customers first at the offices of EY.
The UK government has taken a significant step towards clarifying its stance on the regulation of cryptoassets, digital settlement asset firms, and fiat-backed stablecoins by publishing key documents outlining their responses to recent consultations.
After an embarrassing scandal which saw Coutts CEO Peter Flavel and NatWest boss Alison Rose both leave their positions over the closure of Nigel Farage’s bank account, the UK banking sector may now be forced to react.
While inflation remains a key factor behind consumer spending, the main risk to payment companies is no longer volumes, but margin, and this is set to come under more pressure in the coming months.
Banks and businesses are struggling to work out the impact of HSBC’s purchase of SVB because the deal and the bank’s intentions lacks transparency. Investors and payment experts come together to discuss the matter.
The Payments Association’s head of policy and government relations Ricardo Tordera takes a look back at the trade body’s key achievements in 2022.
The Payments Association is delighted to announce our All-Party Parliamentary Group (APPG) membership. We are excited to work closely with Chair Ian Liddell-Grainger MP and his team to bring the
Your payments infrastructure could be costing you more than you realise. Using multiple providers costs time, costs cash and, more importantly, costs customers. Which is why we’re talking to clients who have moved away from traditional banking and moved towards Fintech-as-a-Platform. We’ll also be joined by Mat Megens, Founder & Chief Executive Officer from HyperJar for a fireside chat on their ‘journey’ to success, powered by Modulr.
The event will cover:
o BaaS vs FaaS: What’s the difference and what do you need to build financial products customers love?
o The key challenges faced by companies that offer payment or bank-like services
o How to avoid business inefficiencies by using a joined-up Fintech-as-a-Service partner (such as… well, Modulr)
Register here: https://landing.modulrfinance.com/scaling-a-fintech-with-modulr-baas-0
Leading dispute technology specialists, Chargebacks911, announces the appointment of fintech workhorse and strategic leader, David Jimenez, as Chief Revenue Officer (CRO).
The payment expert continues its successful US growth with its latest acquirer partnership
New Nium API-based Crypto-as-a-Service platform is the first to allow financial institutions to integrate popular crypto capabilities into their financial applications, including the ability to buy, sell, and hold the most popular digital assets; future service elements will allow for stablecoin wallets, as well as crypto acceptance
Nium also expands its comprehensive suite of global Banking-as-as-Service solutions, adding card issuing capabilities in the U.S.
Back in January, CEO Fabien Ignaccolo wrote a post on our 2021 predictions for SCA. Among the predictions was a future PSD3 enabling SCA for the non-banking industry, as well as an expectation for a renewed focus on Digital Identity. While PSD3 is still on the horizon, there has actually been more of a significant movement in the eID sphere.
By integrating with Currencycloud’s Spark APIs, FinTech DynaPay Ltd was able to achieve dynamic growth in just 12 months; having grown five-fold in terms of team size, revenue and customers.
A fascinating new report, Fraud and Chargebacks in Travel, has been launched by merchant dispute specialist Chargebacks911, in conjunction with industry thought leader and travel research firm, Airline Information. It offers merchants a thought-provoking look at the substantial scale of the challenge that chargebacks present to the industry and proposes solutions for mitigating chargeback threats and payment fraud events.
Contactless card payments have boomed since the onset of Covid-19 and 15 October marked yet another milestone with shoppers able to spend £100 per transaction with a tap of their card.
In this Dear Luc article, Luc Gueriane discusses why are people so divided about the £100 contactless limit?
Head over to Fintech Futures to read the full article: https://www.fintechfutures.com/2021/10/dear-luc-why-are-people-so-divided-about-the-100-contactless-limit/
Radar Payments launches a standalone service for tipping and gratuity that can be deployed by financial institutions to help reward hospitality staff and other workers for their services.
Banks can use Tippay™ as a standalone app available in their business client outlets and to partners for more tipping convenience. The service enables banks to reach new potential customers while generating additional revenues by taking a minimal fee on every tip registered.
EML announces David Curneen as its new Group COO.
Global payments provider, Sokin, looks to grow brand in US with innovative marketing partnership with the Miami Dolphins – it’s first NFL team and step into North America.
As a fintech leader, what does ownership mean to you?
It’s a prominent topic these days, especially as payment providers (and the broader fintech industry) shift to remote settings and home offices. Leaders and employees must adapt during times of change. Encouraging and proliferating ownership was already difficult before this seismic shift. Now it’s an even taller task.
Are your employees taking ownership over their responsibilities and designated projects?
London-headquartered Global Processing Services (GPS), the Global API-first payment technology platform, powering the world’s leading fintechs, including Revolut, Curve, Starling Bank, Zilch, WeLab Bank and Paidy, today announces it has raised over US$300 million from Advent International (“Advent”) and Viking Global Investors (“Viking”).
The new investors and subsequent funding will provide deep payments and fintech experience to accelerate technology investments in product innovation and continued expansion in 48 countries across Europe, Asia and the Middle East.
The investment follows a strategic investment from Visa in October 2020.
GPS is a company at the heart of fintech’s global expansion, powering leading fintechs, digital challenger banks and embedded finance providers through its API-first payment technology.
To date GPS has:
Issued 190 million physical and virtual cards
Processed more than 1.3 billion transactions on its cloud-based platform
Expanded into APAC and MENA
Integrated with 95 issuer partners and operates programmes for a client base across the globe
Powered today’s leading fintechs, including Revolut, Curve, Starling Bank, Zilch, WeLab Bank and Paidy
Secured strategic investment from Visa, a long-term partner of GPS
Established a new regional centre of excellence in United Arab Emirates (UAE) having been selected as one of its preferred issuer processors in Asia-Pacific and the MENA region
Please see below for full press release for further information.
Let me know if you have any questions.
Kind regards,
Becky
Wintermute, one of the largest players in the global digital asset markets, has today announced a partnership with BCB Group, Europe’s leading provider of business accounts and trading services for the digital asset economy. Wintermute has also integrated with BLINC, BCB’s global payments network, and one of the first real-time payment networks of its kind to allow free, real-time transactions across fiat and digital currencies, enabling participants to settle instantly in any of the currencies supported, with no limits.
Fintech charity Pennies has attracted 40 leaders from across payments and technology, retail, and hospitality to help accelerate and strengthen the ubiquity of its pioneering micro-donation movement.
Wintermute, one of the largest players in the global digital asset markets, has today announced a partnership with BCB Group, Europe’s leading provider of business accounts and trading services for the digital asset economy. Wintermute has also integrated with BLINC, BCB’s global payments network, and one of the first real-time payment networks of its kind to allow free, real-time transactions across fiat and digital currencies, enabling participants to settle instantly in any of the currencies supported, with no limits.
allpay Ltd, a leading UK payment specialist, has renewed its place on the Consortium Procurement (CP) framework, which is the commercial arm of the Northern Housing Consortium (NHC).
With over 115 clients utilising the framework, allpay have been on this framework since 2010, and is delighted to continue this relationship.
Latest raise led by Tiger Global Management LLC with participation from global payments technology firm Stripe. Funding to accelerate the global rollout of TrueLayer’s payments network, with a focus on instant and recurring payments.
In a recent article on The Fintech Times, Ian Kerr, a Director of Business Development for Episode Six, discussed why crypto and DeFi isn’t just a fad, but something that will remain for a long time. If banks do not respond to it, they will face the consequences in the future.
Leading dispute technology specialist, Chargebacks911, today announces the appointment of Ex Accertify Head of Dispute Manager, Jennifer Lichner, as SVP of Operations.
Samba Bank, a fully owned subsidiary of the largest bank in the Middle East (Saudi National Bank), has signed an agreement with BPC Banking Technologies to modernise its digital banking and payment processing technology infrastructure and provide a frictionless digital banking and payment experience for its customers.
In line with recommendations made in the Kalifa review, the FCA has committed to introducing a new Regulatory Scalebox to ensure that high growth firms have the appropriate support and oversight. The FCA also committed to providing stronger regulatory oversight for newly authorised firms in its Business Plan. As part of this commitment they are inviting Payments Association members to join them at one of their 2 virtual workshops running on 22nd and 29th September. These workshops will be particularly valuable for members that are either currently experiencing rapid growth and scale, have experienced this in the past, or are newly regulated.
Tickets are on sale now for the Dark Money Conference 2021 – book your place today! https://darkmoneyconf.com/tickets/
– What is Behavioral Biometric Analysis?
– What is a BionicID™?
– What makes Revelock’s BionicID™ solution unique in fraud prevention?
– How can BionicIDs™ be used to stop Impersonation and Manipulation attacks?
– What is BionicID™ analysis best suited for?
– Does BionicID™ data collection or analysis impact the User Experience (UX)?
– Introduction
– Deep fakes
– SIM swap scams
– SMS OTP fraud
– Session hijacking via RATs
– Originality is key
– Introduction
– Reducing false positives and negatives
– Know Your User
– Automating fraud response
– Conclusion
Leading brands in the world of open banking today announced an important new open banking challenge: The VRP Hackathon. It is organised by Open Future World, Ozone and UK Finance and sponsored by Accenture, Mastarcard, VOLT and Worldpay.
Leading dispute technology specialist, Chargebacks911, today announces the exciting appointment of technology management leader, Brad Dillahunty, as Executive Vice President and Chief Product Officer (CPO) at Chargebacks911 and sister brand Fi911.
Episode Six is transforming the buy now, pay later (BNPL) landscape, by putting control in the hands of card issuers versus the acquirer or other third parties. For the first time, issuers can implement changes at the account level in real-time. To understand why this is important, we take a look at the interest in BNPL and how it works.
As we have noted in the past, federal regulation of the digital asset/cryptocurrency/DeFi community is evolving and there are many perspectives on what direction it should take. For instance, earlier this week, the House Democratic leadership and a group of moderate House Democrats agreed to a compromise that would prevent the House of Representatives from amending the Senate-passed “Infrastructure Investment and Jobs Act” (H.R. 3684), thereby preserving the bill’s provisions expanding the definition of “broker” under the Internal Revenue Code to apply to various digital asset market participants.
Allstar Business Solutions calls on fleet operators, managers, and charge point operators to collaborate, ensuring it continues to meet the needs of customers as it nears 5,000 EV charger milestone
Thames Technology is excited to launch its new PayCard+ offering, which combines a traditional payment card with a piece of stylish wearable payment technology such as a ring, wristband or key fob.
The proposed anti-money laundering (AML) authority (AMLA) will be a gamechanger for the supervision of AML efforts in the European Union, experts in the field have told VIXIO.
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