London, New York, and Silicon Valley are known as the top three biggest fintech hubs, globally. With the number of private high-growth UK fintech’s based in London alone continuing to steadily increase from 847 in July 2021, it’s easy to understand why the West is viewed as more technologically forward. For many years it has comfortably led the race when it comes to reaching peak financial technological advancements.
The relationship between the travel sector and the payments industry has always been complex, never more so than during the pandemic. As a sector with an acute delayed delivery, it is unsurprising we encounter the challenge of managing that partnership.
• Customers will benefit from an enhanced card acquiring service at launch, and an alternative payment method (APM) aggregation service throughout Europe later this year.
• For customers, this means getting all services related to acquiring – from accepting card payments or APMs to receiving money from a single source, as well as access to 100+ payment methods, including mobile and patented phone-based payment solutions.
• As a result, administrative efforts will be reduced to a minimum, and customers will benefit from greater flexibility and less friction in the payment process.
• The new joint solution will give customers access to acquiring service for greater flexibility and less friction in the payment process.
Building on the success of its first sustainable stand in 2021, a recycled and recyclable stand has been designed for the Banking Circle ecosystem at Money20/20 Europe. Featuring every part of the ecosystem – Banking Circle S.A., YouLend, Biller, SEPAexpress and B4B Payments, every element of the stand, except the lighting feature, has been created using recycled materials.
See how banks are collaborating and using Fintech partnerships to innovate and build new digital capabilities to ensure a great customer experience.
SCA, or Strong Customer Authentication, is not a topic exclusive to the EU (or the PSD2, for that matter). Today, we can see it popping up in financial conversations across the globe. And even though global SCA regulations all share the same stigma of ‘expensive’ and ‘inconvenient’, the need to implement SCA and increase the security level of our authentication systems is as relevant and urgent as ever before. Read on to see what is brewing in the world of payment authentication across the US, Asia, Europe and the Nordics.
Enfuce has created a new platform for existing and prospective customers to manage back-office operations and test new ideas for their card base. As a part of Enfuce’s turnkey solution Card as a Service, MyEnfuce makes it easy for Enfuce customers to start their card product and create value quickly.
Last week during Money 20/20, we released our new report “Seeking out the alternatives: how consumers are engaging with the lending 3.0 landscape”, which details European consumer attitudes to and experiences of lending. We surveyed 2,000 European consumers, conducted in partnership with Propeller Insights, to learn about consumer preferences when it comes to lending.
Our report found that consumers are frustrated with the lending industry with 70% of consumers surveyed saying that the experience of getting a loan is a decade behind online banking. They also noted that they want more clarity from lenders, with 75% of respondents saying they “switch off” when prospective lenders use industry jargon and 80% believing that lenders try to obscure the final cost of a loan.
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