DIGIDOE, the UK-based fintech start-up which aims to revolutionise the world’s payments infrastructure, is expanding into the Middle East with the appointment of a leading figure in the region to lead its operations in Qatar.

The London-based company is authorised by the Financial Conduct Authority as an electronic money institution and last month was awarded ISO27001 Certification – recognised worldwide as confirmation of information security best practice.

– Planet selected by Lux Island Resorts Ltd as its payments and software partner for eight properties across Mauritius, the Maldives and Réunion
– Pay by Link and use of Sabre SynXis delivers a more enjoyable booking, reservation and payments experience for guests
– Planet’s deep hospitality sector expertise and local customer support capability a key factor in being appointed

Post-pandemic, our lifestyle is closer to smartphones than ever. Regardless of day or night, smartphones are used in various moments of life. That’s why companies with payment products are putting a lot of time and effort into improving the mobile payment experience. One of the best ways to make the payment experience for cardholders easy and simple is to integrate with popular digital wallets.

Giesecke+Devrient (G+D) pledges to replace all virgin plastic in its payment card products by 2030 at the latest to further support consumers and banks to fulfil their own sustainability aspirations. Being the first in the payment industry to make such a commitment, G+D expects the industry to follow suit.

Feedzai, the world’s first RiskOps platform for financial risk management, has been ranked among the top vendors in anti-money laundering (AML) in a Forrester report released today, “The Forrester WaveTM: Anti-Money-Laundering Solutions, Q3 2022”.

Over the last six months, many of our payment and e-money institution clients have approached us about their complaints handling process. The drivers are a combination of direct requests for oversight evidence from the FCA and the linkage with internal work to meet the vulnerable customer and consumer duty expectations.

fscom have noted some areas of confusion or weaknesses that Dane Pedro will share with you in this blog.

• The cooperation between Netcetera and Global Payments Europe is accelerating the digital commerce growth of the Czech market
• Fully functional pilot operation of Click to Pay will empower millions of online shoppers across Europe with control over their data and secure their privacy
• It is the first white-label, scheme-independent solution and is now open for all innovative merchants to improve their customer experience

Read Blue Train Marketing’s latest blog to learn about the art and the science that is fintech marketing.

In the past decade, we have seen an exciting shift in the finance industry, with innovative technology-based thinking now being more prominent than ever before.

One of the new technologies is serverless FinTech, which enables businesses to add more offerings to their portfolios and simplify daily operations.

This article summarises some of the key benefits of serverless FinTech that you should know about.

Chargebacks911, the leading dispute technology specialist that powers chargeback remediation for the largest global eCommerce businesses as well as the world’s financial institutions, celebrates being able to more intelligently automate the chargeback dispute process for merchants who use more than one language through the use of its intelligent language translation service. This milestone puts Chargebacks911 at the forefront of two of the most consequential developments for merchants today: combating the rise of fraud and effectively utilizing the power of Machine Learning (ML) and artificial intelligence (AI). 

The digitalisation of global payment services means merchants now have access to customer data. Payment data that can be attained through global payment service providers is vital in driving new business for merchants and ultimately accelerating growth…

Recent improvements in payment technology have led to breakthroughs in cross-border payments, where businesses can expand into new, international markets.

One of these breakthrough technologies is virtual IBANs, which are fast becoming an integral part of embedded finance. But what they are, and how they can benefit your business?

BCB Group has appointed Noah Sharp as Deputy CEO, who will share responsibility with the CEO for the corporate scaling strategy across geographies, client segments, products and licensing.

Plenty of changes are afoot for the Irish consumer credit markets, following the enactment of the Consumer Protection (Regulation of Retail Credit and Credit Servicing Firms) Act 2022 (the “Act”). The Act extends the Central Bank of Ireland’s (CBI’s) consumer protection framework to a broader range of firms and consumer credit activities, with the aim of ensuring that Irish consumers receive the same protections required of other financial service providers.

The Act came into force on 16 May 2022 and those entities caught by the new legislation should by now have begun preliminary analysis of the impact of those changes to their business models. For authorised entities, this includes an assessment on their regulatory risk profile.

Chargebacks911, the leading dispute specialist that powers chargeback remediation for the largest global eCommerce businesses, today releases its third annual Chargeback Field Report. The report details a real-world look at the health and status of chargeback management in the card-not-present (CNP) space.

International payment service provider and direct bank card acquirer, ECOMMPAY, has announced the launch of its global payout product which is a one-stop solution for any business dealing with international payments.

ECOMMBX receives the prestigious Ιnvest Cyprus International Investment Award

PSD2 is the main piece of European Union legislation governing payment services, and it is being reviewed. As part of the review, the European Commission requested advice from the European Banking Authority, which was issued on 23 June 2022. This Sidley Update considers that advice and what it means for PSD3.
https://www.sidley.com/en/insights/newsupdates/2022/07/psd3-what-to-expect-based-on-the-european-banking-authority-opinion

FLEETCOR has been credited with a Gold Award in the Workplace Wellbeing Index awards by Mind, the mental health charity. The Gold Award is given to employers who have successfully embedded mental health into their policies and practices and demonstrate a long-term and in-depth commitment to staff mental health.

Griffin – the UK-based Banking as a Service provider – has secured an additional £12.5 million ($15.5 million) in funding in its quest to become the bank fintechs can build on. The round was led by Notion Capital, with participation from existing investor EQT Ventures and fintech leaders from Plaid, Wise, Liberis, and Worldpay, among others.

Griffin is building a full-stack vertically integrated BaaS platform, powered by modern user-friendly technology. The company has raised $27 million of funding to date and recently submitted its application to become an authorised bank to the UK regulators. This new round of investment will be used to grow the leadership and operational teams and continue the build of the core banking platform.

www.griffin.sh

Carta Worldwide is hiring a new Business Development Manager for our European sales team in London.

DECTA, a global payment processing company, provider of full-cycle digital payment services, today announced that it has become a Visa Ready certified partner under the Fintech Enablement program.

Chargebacks911, the leading dispute technology specialist that powers chargeback remediation for the largest global eCommerce businesses and financial institutions, today announces that it has achieved the milestone of 1,000 integrated data connections and ingestible file types though its highly automated plug-in-and play platform.

Today’s merchants have faced an uptick in fraudulent chargeback claims over the last couple of years, with profits reducing by as much as 25% due to ‘Friendly Fraud’. With over 1,000 plug-in connections, Chargebacks911’s automated platform provides a scalable method for merchants to exchange missing information that banks require to identify invalid chargeback claims and thwart the growth of this negative trend.

Leading online payments platform, Payset, is utilising bank accounts from Banking Circle to offer fast, low-cost global payments. Providing customers with multi-currency accounts, pre-paid cards and currency exchange services, Payset helps businesses hold, exchange and move money around the world quickly, effortlessly, and affordably. Working with tech-led Payments Bank, Banking Circle, Payset aims to bring financial services up to speed with modern business by eliminating the expenses, delays, and red tape associated with moving money between currencies or across borders.

The process of buying and selling goods and services has evolved significantly in the last decade or so, particularly with the growth of the internet. This has led to what we know as e-commerce, the main avenue for consumers to buy products, transmit data and transfer funds online. This evolution will only continue with greater technological advances and IT continuing to strengthen links between different aspects of financial markets. But what are IT’s current strengths and, although it is difficult to predict, how it is set to potentially transform e-commerce in the next decade? 

There are a lot of new terms floating around in the world of FinTech and embedded finance, not least no-code and low-code, as more businesses start to move away from the traditional fully coded route to offering bespoke financial services.

This article demystifies everything you need to know about the similarities, differences, and which approach you should opt for to create new revenue streams and better serve your customers.

London-based fintech startup DigiDoe, has expanded into the Middle East. The UK-based business has appointed a Head of Operations in Doha to lead its operations in Qatar. It comes as DigiDoe puts the world’s central and commercial banks firmly in its sights, having received crucial international security certification for its innovative proprietary anti-money laundering (AML) and fraud prevention solution.

Bottomline, a leading provider of financial technology that makes business payments simple, smart, and secure, revealed today that the shift to hybrid working has left businesses seriously exposed to insider fraud1, with over half of businesses (52% in GB and 63% in the US) falling victim over the last year. These levels are likely to be significantly higher as many businesses are unaware that they have fallen foul of insider fraud, with rates expected to increase further as hybrid working becomes a permanent workplace fixture. The findings stem from Bottomline’s seventh annual Business Payments Barometer, which for the first time tracks the sentiment of US businesses, alongside their GB counterparts.

Even though the crypto lending market remains largely overcollateralized, the growth of DeFi has brought in a new paradigm shift: real-world asset-based lending. Read more on how RWA-Based loans benefit borrowers.

The global neobank market is projected to grow to nearly US$67 billion this year – but less than 5% of around 400 #neobanks in the world can actually make profit. Read more to learn the common reasons why most neobanks remain unprofitable.

Michelle Pacey, Managing Director of allpay Limited said: “In the ever-changing payments environment, it is important for allpay to be part of the journey that has seen financial institutions innovating alongside regulators and governing bodies.

With an existing market leading payments solution that serves some of the most vulnerable in today’s society, being able to build our own technology without the reliance on third parties enables allpay to push the boundaries of what we can do as a business.

The introduction of Confirmation of Payee will give both clients and consumers enhanced security as well as an improved user experience offering the opportunity to make more informed decisions around their finances.”

Nuapay discovers a 37% jump in payment declines after SCA.

Chargebacks911, the leading dispute technology specialist that powers chargeback remediation for the largest global eCommerce businesses and financial institutions, today celebrates the 3x boost to its automated dispute response platform with the addition of its data driven AI enablement.

The use of AI enabled remediation allows merchants of all sizes across dozens of verticals to intelligently fill the knowledge gap and thwart growth in first party fraud. Utilizing data from a vast consortium of businesses, this enhancement leverages rule-based data driven automation, enabling tech to be ‘trained’ to identify data points related to post transaction fraud.

• Joanne Dewar has been promoted to Vice Chair and will focus on the group’s growth and global profile
• Kevin Schultz has been appointed Chief Executive Officer and will focus on strategy and execution
• Both the new Vice Chair and CEO will work closely with the Chair, Gene Lockhart, in a newly formed Office of the Chair