A look at the use cases driving investment in open banking.
A look at the use cases driving investment in open banking.
Financial infrastructure provider, Banking Circle, has been named Best E-Commerce Initiative for its Banking Circle Marketplaces solution in the 2020 PayTech Awards.
As more companies move their core operations online, the questions of data privacy and data security and how to handle them from an institutional standpoint as well become even more critical for successful business growth.
Across the world, traditional banking is transforming into something else entirely and the full outline and scope of the future of the industry, while not yet fully understood, already presents some amazing opportunities for firms looking for an edge, business innovation and revenue growth.
Agile businesses adapt to the times, providing the market with needed services as they arise as well as new opportunities. This second aspect, helping clients realize new opportunities, is increasingly displacing the traditional model of banking facilitated capital allocation.
Few people have questioned whether e-commerce was the way of the future when it came to retail and shopping, but even fewer have asked what this brave new world will look like.
After all, as everyone moves online, other factors will play critical and distinguishing roles in determining who the winners and losers are from the e-commerce online future.
Grab your morning coffee and join us as we reveal insight from our flagship research of 2020. You’ll be joined by peers in the payments community as we uncover the latest opportunities and use-cases in the industry.
Date 1st October 2020 Time 09:30 – 10:30
Book your place → https://landing.modulrfinance.com/cost-of-hidden-inefficiencies-epa
Netcetera is Mastercard’s exclusive 3-D Secure testing partner to help retailers and other businesses ensure they are ready to comply with PSD2. Mastercard and Netcetera, the market leader for 3DS and EMVCo associate, are supporting merchants to improve their transactions and conversion rates. This is the first time that merchants are able to run tests in their live online shops.
Modulr is the first non-bank or building society to join the Confirmation of Payee service.
Confirmation of Payee allows users to check if the payment details they’ve entered for a person or business match the details held by the recipient’s bank.
This provides reassurance that payments are being sent to the right recipient and protects Modulr customers from certain types of payment fraud.
UK-based end-to-end accounts and payments solutions provider Contis has forged a partnership with global payments platform Currencycloud.
Through this partnership, Contis can now offer foreign exchange and international money transfer services to its clients and account holders.
EML and Laybuy are working together on Buy Now Pay Later (BNPL).
– How does SIM swapping work?
– SIM swappers struck – what next?
– The role of the bank in stopping SIM swapping fraud
– Behavioral biometrics analysis overcomes the failings of two-factor authentication
– Profiling cybercriminals, one simjacker at a time
– How unauthorized fraudsters use compromised customer data and phishing techniques to attack online banking platforms
– Leverage behavioral biometrics and AI to make real-time decisions
– Assess the risk of entities holistically, not only relying on PII
Relying on a single provider for essential banking services can be catastrophic for your fintech. So how can you ensure to keep the payment tap on and payments flowing in the times of crucial failure of your banking provider
FORM3 is delighted to announce it has raised $33 million in a strategic investment round with new investors Lloyds Banking Group, Nationwide Building Society and VC 83NORTH.
Following our Series B funding round in November 2018, Form3 has trebled in size and increased its annual recurring revenue by 160%.
The funding will strengthen Form3’s market-leading cloud-native payment technology, building significant functional enhancements, and accelerating our global expansion plans in existing and new markets.
Michael Mueller, Chief Executive Officer at Form3 said, “Our latest equity round is a testament to our growth and maturity in delivering highly secure, best in class technology for major financial institutions globally.”
Blue Train Marketing is very excited to be shortlisted in the Emerging Payments Awards for Marketing Campaign of the Year with Fintech Finance.
We are pleased to announce that we are now 1 of 7 non-banks to have secured an e-money license from the Dutch Central Bank.
Mike Laven says of the recent news, “Covid-19 has accelerated the rush towards digital payments and Europe represents a tremendous opportunity for Currencycloud. The Netherlands possesses the perfect blend of factors to support our expansion in the EU…”
Last year the pilot programme for our newest offering, Currencycloud Spark went live.
Over 30 Fintechs around the world, including Starling Bank, Remitr and TranSwap , signed up to benefit from the functionality, which gives businesses and their customers – the ability to receive, store funds and make payments in more than 30+ different currencies, almost anywhere in the world.
We’re pleased to now announce the wider rollout of Currencycloud Spark, our multi-currency wallet infrastructure!
Trust Payments has established a new UK operations hub in Harrogate, with the opening of a new office on Station Parade which will create 10-15 new jobs in Harrogate by the end of the year.
Payments Giant EML is Creating a Better Tomorrow Through its Commitment to Reducing the Use of Plastic Cards in the Communities it Serves Worldwide by 50%.
xpate, a fintech services platform for both retail and business customers, launches xPP [xpate Partnership Program] to emphasize its major commitment to grow through and with its partners. xPP makes it fast and simple to refer businesses that will get access to a global payments platform along with the opportunity to expand their operations with value added services, local payment and wire transfer options across the globe.
The COVID-19 pandemic and the expected economic downturn will definitely shape the global fintech landscape. The fintech scene in Hungary is still in its early days but it has been growing rapidly over the last few years. We hopped on a Zoom call with some of them to learn how they deal with the current situation and hear their thoughts and predictions about the upcoming trends, challenges, and potential opportunities.
Privat3Money (P3) a UK E-Money Institution who offers global citizens and corporates an intuitive digital platform to manage their financial needs, has selected Vilnius (Lithuania) based FintechLab to power its core payments platform and mobile app.
As brick-and-mortar firms come under increasing market pressure, eCommerce business models are starting to appeal to a larger segment of the global population and it is so for solid reasons. For one, they’re not only more nimble and agile firms when it comes to meeting customer demands and adapting to the market but also they are the first to take advantage of the latest innovations in B2B eCommerce solutions like virtual IBANs.
~70% of consumers have considered switching to technology-led banking products. Whether you’re an incumbent or a challenger how do you stack up against cutting edge technology and design? Well that’s where our new 5-week audio/eBook series comes in – sign up today to learn How to Build a Better Bank.
Banking Circle, the ground-breaking financial infrastructure provider, has added Polish Zloty (PLN) to its local currency payout capabilities. Payments businesses working with Banking Circle can now provide their merchant customers with same day settlement for payments to Poland in Polish Zloty via the local payment network, eliminating the need to use the SWIFT network and, therefore, ensuring the end party receives the full amount.
GPS technology powers sync.’s card payments, enabling it to launch a smart payment service app that allows users to consolidate their financial accounts in one place.
As the collapse of the Wirecard empire is making us all too aware, relying upon one banking provider for your business is not only a disaster waiting to happen but also it could be terminal for your business. The fintech company which is one of the biggest European payment processors and financial service providers is now in the spotlight.
We will now analyze the facts behind why is that so and what are the potential market consequences.
Leading payments provider, Contis, has applied for two grants from the RBS & BCR Alternative Remedies Package, totalling £35 million.
The funding will be used to drive fintech innovation in the UK by developing an off the shelf, B2B electronic and card payment technology platform for SMEs. With Contis’ powerful tech stack and regulated status, this will empower hundreds of fintechs to support the SME market with groundbreaking technologies, payments and lending capabilities.
Recent trends in the online skill games industry bode well for its future and that’s not just because of the wider acceptance of online gaming.
The growth in the skill games business can primarily be attributed to virtual IBAN advancements and the ease with which international transactions take place. Not to mention last the recent shift en masse to online entertainment because of the novel coronavirus.
COVID-19 has a far-reaching effect on the global economy. It’s a fact. Companies are struggling to understand the full impact on businesses and how best to react to the new reality. ECommerce is one of the few areas currently showing signs of growth despite the overall economic breakdown.
In light of recent developments, we now have more questions than ever about the impact Brexit will have on businesses in terms of future development, certainty, and stability.
It may become harder to do business with long-standing partners, both for UK and EU businesses, with new barriers to trade and finance looking set to come into place.
The fintech industry is no stranger to a crisis. The financial crash in 2008 gave rise to fintech darlings such as Funding Circle, Seeders and
Compass Plus has announced that it has teamed up with AWS to utilise the latest advancements of cloud-based deployment. The vendor of payments software and
The novel coronavirus outbreak that originated in Wuhan, China, in November of last year has since ignited a global pandemic that could permanently change the way business is conducted.
Not only that but, as with every economic crisis, there will be definitive winners from the aftermath of the economic fallout and these companies will help shape the future of e-Commerce in the USA/EU.
I’m pleased to announce the launch of Fi911 – a new brand from leading dispute technology specialist, Chargebacks911, built in collaboration with some of the world’s largest financial institutions (FIs) and payments processors to remove legacy redundancies.
Differing from its merchant platform, Fi911 specifically supports FIs with automated chargeback management and related activities. So, FIs will benefit from:
• Faster chargeback dispute resolutions
• AI-driven merchant onboarding, post-transaction monitoring, lifecycle management and reconciliation services
• Customizable tools catered to customers’ needs which can be reconfigured in real-time
• The ability to manage and engage their entire ecosystem
• Cost savings
• Increased insight
• Resolved chargeback pain-points
By enabling acquirers with more intelligent tools, more data connections, and more flexibility, Fi911 hopes for stronger decision-making and more proactive action to be taken to stop the growth of chargebacks.
While many analysts could never have anticipated the impact of the novel coronavirus pandemic on the world economy, there is a general consensus about what firms can do now and moving forward to build resilience against future “black swan” events such as the one currently roiling world markets.
When it comes to the future of banking and finance, forward-thinking firms are exploring the benefits of digital innovations, such as virtual IBANs and digital banking services.
The new Dos and Don’ts for any business looking to attract and keep new international customers.
Standing still is going backwards. That’s true for every business at all times, but especially in the harsh economic realities of 2020. A long-predicted downturn hit, ignited by the coronavirus pandemic, and no sector is free from its impact. But there are still opportunities out there, especially for online merchants looking to grow.
Payments, Payments, Payments newsletter providing informed insights into the UK’s payment landscape – read, subscribe and share at: www.northeypoint.substack.com/welcome
Contis hires Businesswoman of the Year, Lara Oyesanya, as General Counsel & Chief Risk Officer.
Cybertonica, a leading risk and fraud management platform using advanced data science techniques to meet the challenges in payments and fintech of risk, AML, compliance and fraud detection, today announced a partnership with Extra Loyalty, the award-winning Turkish loyalty and wallet platform specialised in end-to-end customised loyalty programmes and mobile technologies.
The future is coming at us a lot more quickly than anyone anticipated. In light of the novel coronavirus and the pandemic it caused, keeping up with the technological advancement seems to be a top priority in most industries.
While many market analysts fingered digital banking as the wave of the future, nearly everyone is shocked at how fast these trends have accelerated in the past couple of months.
As of 1st July 2020, the Aston Lark Financial Institutions team will join the Protean Risk brand, making the combined team one of the largest dedicated brokers servicing UK and European financial services firms.
Protean Risk was acquired by Aston Lark and joined the wider group in November 2019. Protean Risk was the first acquisition that was completed for Aston Lark following Goldman Sachs’ investment in the company in September 2019.
The decision to combine the two teams under the Protean brand was due to its position as a market-leading specialist in the sector and to strengthen its offering to clients. Since its founding in 2008, Protean Risk has offered a breadth of knowledge and experience to its clients, as well as a high level of personal service. Since 2016, Protean Risk has held the coveted status of Lloyd’s of London Broker, which has entitled them to transact business in, and directly access the Lloyd’s of London market.
Globalisation is an opportunity for businesses of all sizes around the world, but traditional banking continues to favour large corporations, at the expense of SMEs.
Mike Laven says of the partnership with Ripple, “Ripple’s solution will help us to extend our network to new parts of the world, removing more barriers to payments for our clients.”
Contis launches ‘Carer Banking’ – a new product allowing banks and fintechs to support their vulnerable customers continuing to shield due to Covid-19.