Partnership between Revelock and Sionic promotes an Active Defense approach to protecting financial institutions from online fraud attacks
The Great Kompli-Global KYB Bake-Off is designed to highlight how fraudsters are avoiding detection by analysts potentially not having all the right fraud prevention ingredients
The latest piece of groundbreaking industry research from dispute resolution specialist Chargebacks911, The 2021 Chargeback Field Report assessed over 400 merchants across the US and the UK and identified a dramatic rise in friendly fraud over the past three years, with 80% of merchants seeing an increase in false claims.
In addition, while 94% of merchants consider friendly fraud to be a problem for their business, less than 30% are taking steps to combat it. This behaviour indicates that there is a knowledge gap preventing merchants from confidently combating fraudulently filed chargebacks.
Other headline stats include:
• 68% of merchants have seen the pandemic cause an increase to their chargebacks
• Nearly a third of merchants experience difficulties contesting illegitimate chargebacks
• And for every friendly fraud case that goes uncontested, 50% of cardholders will go on to commit the crime again in less than 60 days
– Nearly 12,000 investors raised £9.9m in just 54 hours
– Fastest raise to hit £6m, setting a new Crowdcube record
– Surge in demand from customers and retail investors in race to £10m
Kani will replace Sodexo Engage’s legacy data management systems which ran manually, becoming a drain on time, money, and resources, and lacking the scale required to handle the sheer volume of data processed by the engagement payments giant. In doing so, Kani will simplify Sodexo Engage’s complex transaction data and provide a single space for data management. In addition, the platform will provide real-time, actionable data insights that allow for Sodexo’s critical business decisions to be implemented faster and with greater efficiency.
Ordo, AccoutingWEB and the ACCA carried out a survey regarding recruitment for 2021. Results were analysed by Cranfield Business School and showed 45% of businesses expect to recruit more than pre-COVID in 2019.
We are really excited to shine the spotlight on some of the best-known brands in #Fintech during our Superhero Spotlight Series.
A week-long event packed with articles, research reports and LinkedIn and YouTube live streamed interviews with over 30 of Fintech’s finest superheroes.
Register for the agenda: https://bit.ly/3ySP2lL and keep an eye out for reminders of the #livestream sessions.
#Payments #Banking #FintechSuperhero
“Should we build in, or should we buy in?” This is one of the oldest software-questions management teams have to answer. Yet we believe that this should be less of a consideration regarding whether or not an organisation can build something. Rather, the right question is why they should build it.
EML is using Microsoft and the toolset in Azure to accelerate the global FinTech’s go-to-market capabilities.
EML is delighted to announce its inaugural reloadable program in Canada with AptPay.
Wealthify is teaming up with Tink for open banking powered payments.
In order to receive 3D Secure messages, process said messages, and authenticate card users, issuing banks must deploy Access Control Servers (ACS). To ensure that transaction integrity is never compromised, the Okay software works in parallel to prevent attacks and protect user information during confidential transactions. The process looks a little something like this:
Sam Head of Currencycloud shares his top 3 recommendations on what to look for in the right partner for your strategic, long-term journey to borderless transactions.
He covers the pros and cons on a bundled solution, the idea of future proofing your partner choices for business growth ambitions, the important considerations involved in the costs as well as owning the customer experience.
Transact365 is more than a gateway. It is a methodology platform that has been designed to operate as a technical consultancy business, lending our years of experience and knowledge whilst building on new and exciting technology that can zero out fraud.
Monneo, virtual IBAN and eCommerce bank account provider, has unveiled an innovative new look logo and website design this week, as the brand expands across Europe and beyond.
Curve’s crowdfund, designed to bring customers closer to its growth journey, will go live on May 25th, following hugely popular pre-registration stage. Curve saw 21,000 sign-ups within first 24 hours of launching its pre-registration campaign.
Global financial infrastructure provider, Banking Circle, has joined the P27 Nordic payment initiative as a front-runner bank in creating bulk-clearing for the Danish Krone, underlining its commitment to building a global payments infrastructure. P27 has been acknowledged as a vital initiative to address the disparate clearing systems currently operating across the Nordic region. Banking Circle sees its membership of P27 as a crucial piece in the jigsaw to remove the cost and time currently experienced in domestic and cross border payments to and from the region.
Top UK fintech pitches a 100% recyclable card product – that even picks up on antennae.
Entersekt CEO Schalk Nolte explains how fraudsters can be stopped by placing intelligent roadblocks in online transactions.
With the advent of passwords at MIT 60 years ago, Gerhard Oosthuizen Entersekt CTO, contends that it’s time that we replace passwords with more robust technologies.
Embedded finance is making waves in the lending industry by challenging the status quo – giving rise to a new breed of Fintech provider: the Lendtech.
While the goal of Lendtechs is not necessarily to compete directly with incumbent financial institutions on their turf, embedded finance – and subsequent embedded lending – has dented their market share. These legacy providers now have a choice: stick to what they know or embrace the opportunities embedded finance creates for their products and services by working in partnership with Lendtechs.
FraudTech specialists launch Kompli-Investigate™ to help businesses in the payments and wider financial services sector to complete potentially missing pieces of the due diligence puzzle and present them with a complete insight into a corporate’s ownership, its related parties, and its propensity to be linked to fraud and financial crime.
In this blog post Jack Wilson, Head of Policy & Regulatory affairs at TrueLayer, examines the security and protections provided by open banking when buying online.
A major study reveals how banks and building societies are responding to the post-pandemic world.
A world where digital commerce has become the default and customers expect their services, including payment processing, to be real-time and traceable 24/7.
Multi-award-winning issuer processor Global Processing Services, behind digital banking giants Revolut and Starling Bank, ends the 2020 awards season on a high, winning Best Processing Programme at the Card and Payments Awards against Marqeta and PPS
With more and more fintech start-ups cropping up with shiny new card programmes, it’d be all too easy to assume launching one yourself would be counterproductive. But owning a card programme comes with a whole host of benefits, regardless of the competition, and it’s never been easier to launch one. Discover the benefits of starting a card programme for your customers in Moorwand’s payment guide.
Thames Technology is delighted to launch its new ELEMETAL range of high-quality metal payment cards, offering the ultimate in style and sophistication for premium banking customers.
With regulators increasing their focus on compliance, pressure on financial institutions of all sizes to have compliant open APIs is growing. To help simplify the delivery of high-performing APIs, Ozone has launched the Open Finance Hub.
The Bank of England and the UK Treasury have announced a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential British CBDC. But how could a digital Pound actually work? As it happens, this is something that Consult Hyperion knows rather a lot about. Apart from our work on the first British central bank digital currency (Mondex) back in the 1990s, our work on the first population-scale mobile money scheme (M-PESA) in the 2000s and our work on the most transformational contactless payment roll-out (Transport for London) in the 2010s, our practical experience across implementation platforms means that we understand the architectural options better than anyone.
In this training session, featuring fscom Director of Financial Crime Philip Creed and Chainalysis Account Executive Jed Sibley, you will learn more about the latest in cryptocurrency regulation in the UK and Ireland, as well as getting a first-hand insight into some of the recent high profile cryptocurrency-related fincrime cases.
Trust Payments announced it has entered the Nordic market via two initial strategic partnerships. The company has partnered with Global Sales Partner (GSP) to deploy omnichannel solutions into the market, as well as with POS ONE, a leading cloud-based, hardware agnostic integration solution for merchants needing multiple channels to market.
Sokin becomes the Official Payments Partner of Everton Football Club, scoring a multi year deal.
Curve launches new crowdfunding round to enable its 2m+ customers to be part of the super app’s exciting growth journey. Potential investors can now pre-register to receive early access to the campaign ahead of its public launch. New crowdfund follows Curve’s successful £72.5m Series C fundraise. Funds will be used to support product innovation and Curve’s expansion into the US and deeper into Europe
EML is honoured to be part of a new framework now available to quickly and efficiently set up voucher schemes to support citizens in the United Kingdom.
Vista Bank Group in West Africa has chosen Radar Payments for its processing activities and to drive digital payment adoption in the region. The solution will include SmartVista’s card issuance and lifecycle management, payment switching, ATM and point-of-sales management as well as providing digital channels such as mobile banking and e-wallet; personalised to both retail and corporate clients.
The Wirecard scandal 2020 shook the Fintech community and created a lot of questions for the industry regulators in Germany – thousands of people lost their jobs and client operations all over the world were disrupted.
But as we all know, in the middle of difficulty there is always lies opportunity. So we decided to act – this is a blog article that tells a story of how Gain The Lead came to be.
Tink and American Express are partnering to improve the onboarding process for prospective card members in Europe, by using open banking technology to instantly verify identity, income and account information.
In this blog, fscom’s Dipesh Patel discusses the Temporary Permissions Regime (TPR) for EEA firms, the communication of timeframes from the FCA and the proposed changes to the approach document in CP21/3.
In this blog, Blue Train Marketing delve into the transformation of video marketing, its increase in popularity and the pandemics impact. They reveal some tips and tricks on how to improve your video content whilst restrictions are still in place.
fscom’s Greg James looks at the proposed changes to strong customer authentication (SCA); one of the most contentious regulatory developments introduced by the second Payment Services Directive (PSD2). Greg breaks down the changes into those that will generate the most conversation and those that are simply explicit confirmations in existing guidance.
Ordo now partnering with Payment Service Providers to transform #paymentsprocess with end-to-end, Open Banking Solutions that deliver the perfect alternative to card schemes, including eCommerce and QR code Point of Sale solutions.
Trust Payments is proud to announce its recognition as one of the “Best Companies to Work For” in several categories in the UK.
The payments group has received several employee-recognition awards, including one of the top 30 Financial Services firms to work for in the UK, as well as regional awards in London and Wales. It also received a 1 Star rating signifying ‘very good’ levels of workplace engagement.
Join us in this insightful webinar, with a range of experts in the mobile payments, cards and risk space, to learn how payments are changing, and how mobile applications can help strengthen authentication and improve your customer experience – all at the same time.
Banking Circle, the payments specialist, has reported a significant uplift in payments flow and clients a year after it launched its Banking Licence.
EML expands its connection with Fupay beyond Australia into a true growth collaboration.
Join VIXIO’s upcoming webinar on May 20 with guest speakers from Gemini, Mackrell.Solicitors and the European Parliament to discuss how payments firms can balance innovation with crypto regulation.
A KPMG Private Enterprise report on Venture Capital investment in UK scaleup businesses in the first three months of 2021
https://home.kpmg/uk/en/home/insights/2021/04/investment-in-uk-innovators-soars-to-record-level-in-first-quarter-of-2021.html
Trust Payments announced it has expanded into Ireland. The payments technology group will open an office in Dublin city centre as it seeks to benefit from local talent and rapid growth in the country’s FinTech sector.
