Industry News

Currencycloud secures e-money license from Dutch Central Bank to help drive European expansion

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…”

Read More »

Starling, TranSwap and Remitr among first wave to sign up to Currencycloud Spark

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!

Read More »

xpate launches xPP, a new strategic initiative to support worldwide partner community

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.

Read More »

Fintech scene in Hungary at the time of coronavirus

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.

Read More »

Privat 3 Money partners with FintechLab

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.

Read More »

B2B eCommerce Models – Growth Challenges and Opportunities

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.

Read More »

How to build a better bank: Modulr’s step-by-step guide

~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.

Read More »

Banking Circle adds same day local payouts in Polish Zloty to its payout capabilities

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.

Read More »

How Electronic Money Institutions are Reshaping the Business World

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.

Read More »

Contis enters RBS Capability and Innovation Fund bid seeking £35 million for disruptive SME growth strategy

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.

Read More »

What the Future Holds for the Skill Games Industry?

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.

Read More »

The Future of B2B eCommerce

What are the Top 2020 Trends? B2B eCommerce is projected to be the area of the largest eCommerce growth from 2020 to 2025. In 2020 the global revenue in B2B eCommerce is anticipated to be two times bigger than the one from B2C sales.

Read More »

How will the COVID-19 Crisis Impact the eCommerce Industry?

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.

Read More »

Brexit 2020: What Is the Global Business Response?

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.

Read More »

The Industries That Will Triumph in the Post-Pandemic Economy

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.

Read More »

Chargebacks911 launches new brand Fi911 to support financial institutions with automated chargeback management

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.

Read More »

How Digital Banking Solutions Help Businesses in Turbulent Times: Trends for 2020

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.

Read More »

How Online Merchants Can Prosper in 2020?

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.

Read More »

Cybertonica partners with Extra Loyalty to extend its reach into retail and loyalty fraud protection

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.

Read More »

Digital Banking – The New Power Business Tool

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.

Read More »

Protean Risk strengthened by new staff from parent company, Aston Lark

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.

Read More »

Mastercard to Acquire Finicity to Advance Open Banking Strategy

Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is US$825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met.

Read More »

Open Letter to the FCA from the Emerging Payments Association

The Emerging Payments Association (EPA) and its members strongly urge the FCA to unfreeze Wirecard Card Services accounts, or facilitate a solution to enable safe access to e-money by e-money holders affected, as soon as it can, for the sake of cardholders, companies and their employees, and the UK fintech industry. Without this freezing being removed rapidly, we believe there will be significant and lasting damage to individuals, companies and the UK’s current and future prospects as leaders in fintech.

Read More »

Analyzing the World’s Top 3 cybercrime countries

When we’re on the subject of malware and cyber attacks, we usually focus our attention on cybercrime as a totally unknown, uniform entity. Nevertheless, cybersecurity specialists, such as buguroo’s team, are always mindful not only of the codes used to develop computer viruses, but also of the processes adopted to implement campaigns and the targets they were aimed at. It is these three elements that provide a lot of clues as to who may be behind them.

Read More »

How to prevent New Account Fraud?

New account fraud, also known as Account Opening Fraud or Online Account Origination Fraud, is when fraudsters use stolen or synthetic identities to open new bank accounts, with a view to maxing out their credit limits before disappearing into thin air, usually within 90 days.

Read More »

fscom April News and Update

Blogs Is your zoom video conference as private as you think? https://blog.fscom.co.uk/is-your-zoom-video-conference-as-private-as-you-think In this blog, fscom’s Simon Whittaker discusses the cybersecurity challenges we may be

Read More »