Press Releases

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.

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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.

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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.

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W2 and Lanistar partnership

W2, the leading provider of real-time digital solutions for global regulatory compliance, announced today that it has joined forces with Lanistar, to help power its new hassle-free banking alternative. The company will use polymorphic technology to provide a customer-focused alternative to traditional banking services when it launches in Winter 2020.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Judopay and Thyngs enable hospitality businesses to offer touch-free cashless payments

Judopay, a leading mobile-first payments provider, today announced that it has partnered with Thyngs, the physical-digital marketing specialist, to offer touch-free cashless payment solutions to businesses across the hospitality sector that are reopening from 4th July. At the same time, the partnership will offer charities another way of accepting cash-free donations, both during and after the pandemic.

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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.

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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.

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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.

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