November 16, 2020

algbra launches global financial ecosystem

On the 22nd of October algbra featured in an interview conducted by the Emerging Payments Association’s Project Inclusion. algbra were interviewed by Ravindra Meshram and explained the issue of “faith-based underbanking”, whereby a segment of people may voluntarily exclude themselves from the financial system for reasons of faith.

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Have Biometric Technologies Brought the FinTech Industry to the Next Level?

The future of the FinTech industry might have more to do with a person’s individual biology than numbers and chips in the future, multiple reports indicate. Known as biometric technologies, this group of payments innovations remove the old pin systems and chips of old and replace them or augment them with fingerprint scanners and other biometric methods.

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The Digital Banking Era Transforming the Global Online Economy

The rise of the Internet and the spread of smartphones is, together, perhaps the single most powerful force of economic change ever at any point in history.
Not only are millions of people getting connected to the wider world for the first time, but also businesses are able to get up and off of the ground with little to no investment in brick-and-mortar, traditional locations. In other words, the digital era is one of opportunity and promise.

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Visa Fintech Partner Connect launches in Europe to enable next generation of digital payment experiences

London, 11 November 2020 – Visa today announced the launch of Visa Fintech Partner Connect, a new initiative that will provide financial institutions and merchants in Europe with a suite of enhanced capabilities combining Visa’s own capabilities with those of carefully selected fintech partners.

Fintech Partner Connect will help Visa’s clients meet their customers’ demand for new digital payment experiences by providing seamless access to innovative fintech solutions.

The European rollout of Fintech Partner Connect follows a successful pilot which has already seen a number of Visa’s clients benefit from the expertise on offer.

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Laying the groundwork for the next generation of digital payment innovation

Innovation has always been a focus at Visa, yet the impact of the Covid-19 pandemic has forced us – as well as the wider payments ecosystem – to double down on the development of new payment technologies. The pandemic has accelerated what was an already increasing demand for digital payment experiences and it is incumbent on us and our partners to meet this.

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Contis and Token Partner to Deliver New Value in Digital Payments

Payments provider Contis and Open Banking platform Token partner to deliver new value in digital payments. When complete, Contis’ 250+ clients will be able to use Token’s AISP and PISP functionality to deliver Open Banking services to their end-customers through the Contis Platform.

And Token’s merchant, digital wallet and PSP customers will be able to perform account pay-outs and refunds via the Token platform using established payment rails, such as Faster Payments in the UK, SEPA and SEPA Instant across the EEA.

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[Webinar] Expansion, compliance and competition roundtable: How to get ahead in international payments

Join us in this webinar where our experts will explore these themes.

– The compliance landscape: practical implications for financial institutions of developments such as Westpac’s fine by the Australian regulator, the largest fine in Australian corporate history, for failing to report international money transfers in a timely fashion, and due diligence failures / Wirecard fraud fallout / The FinCEN leak; investigations it may trigger into controls/governance.
– The effects so far of PSD2, and has there been a shift to multi-bank integration, what does this eco-system look like? What technology opportunities can be harnessed now, for what objectives?
– Tender processes and existing platform providers: Which questions to ask? Understanding the mapping process of platforms and their own suppliers; Tracking the lines of responsibility within your provider.

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