Apply today for the Global Open Finance Challenge – a first-of-its-kind virtual event taking place this October and November, which could give you the chance to present your ground-breaking ideas to bank CEOs and industry legends.
One of the most discussed subjects in the industry today is how digital has transformed banking and financial services. And of course this has been even further amplified by the Coronavirus pandemic.
The UK authorized payment institution Monneo joins the ‘Accept my IBAN’ coalition of European companies to tackle corporate rejection of SPayments Association-enabled IBANs for payments and direct debits.
EML and Vault are helping businesses, suppliers and event organisers get employees, customers and attendees back faster in Australia by incentivising Coronavirus vaccinations.
Moorwand, a payments solution provider, today revealed that issuing tops the list of services that fintechs outsource, with mobile wallets and customer communications coming second and third respectively. Read the full announcement to see the top ten services fintechs outsource, as found in the latest research from Moorwand.
In the first six months of this year alone, UK fintech investment figures have soared past the total investment secured in the whole of 2020 to $24.5bn, and of that total Global Processing Services has driven 49% of it ($11.96bn) through its customers and partners.
Curve customers will be able to use cashback offers from top lifestyle and travel brands
Discover Global Network, an international payment network, certified the Netcetera ACS for Diners Discover Network card transactions. Certified with all major card networks, the access control server improves user experience and promotes secure and frictionless transaction authentication worldwide.
Entersekt adds BankID to its secure platform to support digital identity priorities
European HQ established in Dublin due to its position as a global centre for financial services innovation, thriving technology scene and access to skilled talent. HQ led by former WhatsApp and Facebook Executive, Joe Morley, TrueLayer’s Vice President and General Manager for Europe and new Chief Operating Officer for Europe, Leigh-Anne Cotter.
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.
Modulr has recently conducted the research Laggards vs Leaders: Fast-tracking financial technology innovation from 280+ interviews and surveys of CEOs and leaders at financial institutions has brought to light how financial service innovators are responding to the post-pandemic world and how they give great customer experiences.
This upcoming digital event taking place on 16 September at 10 AM BST is on the same theme bringing together financial services leaders from EverUp, Crypterium and Paysafe to explore how to fast-track financial technology innovation.
During the 45-minute live webinar, we will share with you:
-The 3 key challenges faced by today’s FinTechs and non-banks
-The tips and recommendations on how to overcome those challenges
-The 5-point plan to fast-track payments innovation to give great customer experiences
As an attendee, you can expect an exclusive access to valuable recommendations and a chance to ask the speakers any questions you might have.
Secure your place for the webinar here: https://landing.modulrfinance.com/fast-tracking-financial-technology-innovation-webinar
Focused on creating an open and transparent payments platform, Sokin offers a new generation fixed fee payment service for unlimited international transfers and cost-effective currency exchange in 38 currencies to over 200 countries and territories for one fixed monthly cost – just like Spotify and Netflix.
EML releases its Annual Report.
The fast, frictionless payment transactions experienced by consumers are influencing B2B customer expectations and driving payments digitisation. Find out about the main drivers and the unexpected benefits for businesses in this new whitepaper by Accuity, a LexisNexis® Risk Solutions Company.
Chargebacks911, the first global dispute remediation specialist, is celebrating its 10-year anniversary.
Over the course of its years in action, it has protected over 10 billion transactions, recovered more than $1 billion in falsely disputed or stolen revenue and now supports more than 45,000 merchants across 87 countries.
Ordo and Certua are integrating Ordo’s open banking payments capability with Certua’s embedded finance platform to better serve the needs of businesses and their end customers with novel financial services.
Localise, globalise and optimise your business with our unique range of payment and banking solutions. Reduce online fraud, increase conversions and drive business growth across the world.
On 22 June 2021, HM Treasury (HMT) confirmed that it will take forward legislation to introduce a gateway for the approval of financial promotions of unauthorised persons. Once the gateway is in place, only firms which have successfully applied to the FCA to approve financial promotions will be permitted to approve the financial promotions of unauthorised persons.
Compliance with regulatory requirements regarding the approval of financial promotions has been a recent supervisory concern for the FCA, especially in circumstances where the products being marketed are complex and targeted at the retail market, and the FCA has issued a number of letters and publications setting out concerns and guidance for authorised firms approving financial promotions
Register today for your place at fscom’s ‘The Dark Money Conference 2021’, taking place over 3 half days from 15-17 September 2021, with 20% OFF exclusive to Payments Association members using the promo code DMCPayments Association20.
The distribution of this banking trojan is one of its main strengths since the use of text messages impersonating delivery services companies is a really good idea for deceiving the victims and getting them to install the malicious application.
The mandatory geolocation in banking transactions came into force in Mexico as of March 23, 2021
Today is a monumental day for us and we’re delighted to announce that Revelock · A Feedzai Company is getting acquired by Feedzai.
Our CEO Pablo de la Riva Ferrezuelo explains how – by joining forces – the two companies are stepping up the fight against financial crime in this era of cashless commerce..
For e-commerce and contact centre payments, cards have been the only payment option but are costly to businesses and increasingly difficult to use for consumers. Open banking regulation and technologies has created new options for businesses
Monzo Bank has been in financial danger for some time and now, in its latest annual report, has admitted that the UK’s Financial Conduct Authority (FCA) is investigating it for its compliance or otherwise with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
Maslife partners with Paynetics for a new AI-powered payment and wellbeing app
New partnership aims to improve financial wellbeing through a gamified app experience
Mambu, the market-leading SaaS cloud banking platform, has unveiled a fully digital solution for SME lenders that cuts costs and time to market.
Currencycloud is working with partners to research and write a report on the current state of embedded finance and the future trends of what to expect in the coming years. As you are an expert in the industry, we’d love to capture your thoughts. Please complete our survey, it should take no more than 3-5 minutes.
EML and CoinJar have brought crypto into the mainstream with CoinJar Card.
Moorwand, a payments solution provider, today launched a report that reveals fintechs who outsource to specialist partners generate nearly £1m in additional revenue.
The report ‘Specialists vs. generalists: How do fintechs fuel growth?’ explores why and how fintechs outsource to third parties, the importance of outsourcing for fintech growth, and the impact of working with specialists or generalists on fintech businesses.
Existing Curve customers can now receive 1% cashback for 30 days on every successful referral
Travel Direct Debit Card Currensea partners with Singapore Airlines in first-of-its-kind offering
FxPro, the truly global broker, has partnered with Currencycloud, a leading provider of B2B embedded cross-border solutions, as part of a new offer of flexible and convenient e-money solutions in the form of its new business – BnkPro.
https://bit.ly/37gzhbv
David Smithson has re-joined Crown Agents Bank (CAB) in his role as Regional Banker for East and Southern Africa.
Universo, one of Portugal’s leading financial institutions, is using Token’s open banking payments platform to enable customers of its Cartão Universo credit card product to easily load funds onto their accounts with a click of a button. This new open banking partnership marks the first of its kind for Universo.
EML signs a multi-country contract extension with PTA.
On 14 July, Marion King, Director of Payments, NatWest took part in the 2nd webinar in NatWest’s Banks 45 Series. Joining Marion on the panel was Gerard Lemos, Independent Chairman
Manchester FinTech Accesspay has made three senior hires as part of ambitious growth plans to double headcount in 2021.
We are extremely proud to announce our expansion to the United States with Paysafe Group & Mastercard as a partner of their Digital Doors program.
SimplyPayMe will from now on empower & enable American SMBs by allowing them flexibility in getting paid and the ease of running their business, all within one single application.
We are also working with banks and digital partners to help them serve their SMBs better, giving them the option to offer SimplyPayMe as a value-added service or as a white label.
Demand for cash injections from alternative finance providers shows no signs of abating, as such, lenders must embrace innovation to improve their business finance offering. Read @Currencycloud’s blog to discover how APIs are the future of invoice finance. https://bit.ly/3wEqwCr
I hope you are well and enjoying the sunshine! I have a story here from Judopay that you may be interested in covering?
Judopay, a leading mobile-centric and fully cloud based payments provider, today announces that, alongside partner Nuvei, the technology providers will enable a seamless and touch free mobile payment experience for customers at KFC restaurants throughout Spain.
The deal will enable KFC to shift its strategy to focus on providing its customers with an omnichannel experience; Judopay and Nuvei’s innovative solutions provide optimised processing speeds and transaction approvals at scale, delivering effortless payment experiences across all channels.
Ordo wins Open Banking Expo #PoweroftheNetwork Award 2021!
This 2021 report summarises a survey taken by over 200 payments professionals across the banking, financial, fintech and corporate sectors. It provides an overview of the payments landscape, explores the key findings, and provides insight into the various elements that had an impact on failed payments throughout 2020.
PSD2 is a hot topic for the UK market. How can we tackle it?
We take a look at challenges and solutions for the UK payment ecosystem in complying with PSD2 requirements.
With PSD2 now live in most European countries, being 5 months past the December 31, 2020 deadline, the UK is next, as the deadline for March 2022 is approaching. In order for the cardholder and merchant to properly adopt additional authentication without abandoning the transaction, the main focus is eliminating as much friction as possible. Testing data¹ from merchants such as Amazon, Google and Microsoft has shown that although Strong Customer Authentication has been enabled for most of the UK ecosystem, it is still grappling with several issues. Examples of this are relying on Risk Based Authentication for lower challenge rates, issuer readiness on latest protocols, issuer latency and lastly confusion on what exemptions to properly utilize.
Allstar Business Solutions, the UK’s leading fuel management company, has announced it’s partnership with leading electric vehicle (EV) charging infrastructure provider, EB Charging, to improve access to – and the availability of – electric charging points for fleet operators across the UK.
– Introduction
– Poor hygiene & Persistent threats – ‘perfect storm’ of online fraud
– Customers expect Banks to Know Your User
– Fraud Fighting Collective – Fraud Fusion Centers
– Overwhelmed with Alerts, Automation is key
– Clear ‘risk calculation’ – Frictionless First
– No silver bullet – but there are best practices
– Introduction
– What is BionicID™ analysis best suited for?
– Does BionicID™ data collection or analysis impact the user experience?
– Does BionicID™ data collection/analysis comply with SCA/PSD2?
– Does BionicID™ data collection/analysis (behavioral biometric digital identity) comply with GDPR?
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