Press Releases

Entersekt and ndgit partner on secure open banking

Entersekt, a leader in device identity and omnichannel authentication, has announced a strategic partnership with ndgit, a Munich-headquartered open banking platform provider. The agreement makes Entersekt’s state-of-the-art strong customer authentication and smart messaging solutions available on the ndgit Marketplace, where financial services providers can access a carefully curated set of fintech products in a secure hosting environment.

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Two Future Digital Awards for Banking Circle

Following a record number of applications, Banking Circle has been awarded two prestigious awards in the 2020 Juniper Research Future Digital Awards. The innovative financial infrastructure provider was awarded the Lending Platform Platinum Award for Banking Circle Lending, and a Gold Award for Banking Platform Innovation.

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Global Processing Services Strengthens Executive Leadership Team with Trio of Appointments

Leading payments issuer processor, Global Processing Services (GPS), announces its appointment of three C-level executives: Richard Hodgson as Chief Financial Officer, Shaun Puckrin as Chief Product Officer, and Jerome Gudgeon as Chief Technology Officer.

The new hires bolster the executive leadership team of GPS, the payments processing partner for some of the most well-known and successful fintechs on the market, including Revolut, Starling Bank and Curve, as the business drives its global expansion plans forward beyond Europe and APAC. It’s also a great sign of confidence for the fintech sector.

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Netcetera and Mastercard launch 3DS testing platform for retailers

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.

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Kompli-Global helps companies expose bad actors within their customer base

Kompli-Global, the leading RegTech AML specialist, has announced today that it that it is ensuring corporate entities do not fall victim to potential fraud and money laundering, as it unveils Kompli-Reveal™, a screening solution harnessing augmented intelligence (AI) and human expertise, to provide the most up-to-date information on their client bases.

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Radius Bank completes the full-circle in cross-border payments

Radius Bank, the best online US bank of 2020*, and Currencycloud, the leader in providing B2B embedded cross-border solutions, have partnered to offer Radius clients the ability to send money to more than 180 countries.

Following increased customer demand for international wire transfers for both their own clients and their Banking-as-a-Service partners, Radius sought to find a solution that could be quickly integrated. Using Currencycloud’s APIs means Radius Bank can send outgoing payments to international destinations they were unable to reach before on behalf of their clients.

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Modulr becomes first non-bank or building society to launch Confirmation of Payee

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.

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EQ introduces EQPay

EQ (“Equiniti Group plc”), an international technology-led services and payments specialist, is delighted to announce that its business payment platform has a new name, EQPay.

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Form3 raises $33 million in strategic investment round with new investors Lloyds Banking Group, Nationwide Building Society and VC 83North

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.”

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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…”

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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!

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Trust Payments Ltd announces acquisition of customer engagement and mobile loyalty platform Mobilize Systems

Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies today announced it has acquired Mobilize Systems, a UK based engagement and mobile loyalty platform serving the retail and hospitality sectors.

Mobilize provides seamless, data-rich services to merchants looking to capture and expand customer engagement and loyalty programmes, primarily in the mobile space. The acquisition will enable Trust Payments to combine behavioral analytics with transactional data to offer enhanced product journeys for customers, improved payment options, and better insight for businesses.

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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.

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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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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.

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Trust Payments partners with SPOKO on money transfer solution for immigrants in Poland

Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies has announced it has partnered with SPOKO (previously known as Pay Ukraine) to enable it to offer its money transfer service to customers in Poland. The collaboration provides a powerful, convenient multi-currency payment solution targeted toward SPOKO’s target customer base of immigrants in Poland, which has recently passed the 100,000-user milestone.

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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.

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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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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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