Commercial Card Spending Will See Strong Recovery Post-COVID-19
- 4 years 11 months ago
- Covid-19, Payments
Despite being hit hard by travel restrictions in 2020, the long-term future for the commercial card sector is bright, with spending forecast to hit new highs by 2022 More than half of commercial card expenditure is on charge cards European commercial card spending rose by 11% in 2019 to €366 billion and accounted for 8% of the total value of card payments according to RBR’s 19-country Commercial Cards in Europe 2021 study.
Subscription “Terminator” Lands €4 Million Series A Investment from ex-Mastercard President
- 4 years 11 months ago
- Fundraising News, Payments
What if there was a button to unsubscribe from all your paid subscriptions at once? There is, and a former Mastercard president just invested €4 million in it, as the global Corona pandemic has fueled an explosive “subscription surge.”
SteelEye Named Best Trade Reconstruction Solution
- 4 years 11 months ago
- Compliance
SteelEye, the compliance technology and data analytics firm, has been recognised as providing the best trade reconstruction solution at the European TradingTech Insight Awards 2021. SteelEye won the award due to its ground-breaking Auto-Trade Reconstruction technology. Launched in August 2020, the service uses Artificial Intelligence and Machine Learning to reduce the time it takes financial firms to reconstruct a trade from days to seconds.
Level Secures Landmark ESG Deal With Triple Point
- 4 years 11 months ago
- Investment
Level Financial Technology has secured a revolving credit facility from Triple Point to provide early wage access in a first-of-its-kind ESG deal. The interest rate Level pays will reduce by up to a third if users also access budgeting tools available through the app to make positive changes to their personal finances.
Nearly Half of Businesses Need More Assurance on Data Security to Adopt Open Banking
- 4 years 11 months ago
- Open Banking, Security, Data
42% of financial services businesses want better support and guidance on data security in relation to open banking, according to the latest research by open banking provider YTS. The survey of financial professionals including banks, lenders and retailers, revealed businesses want better education and training, alongside increased guidance, to help reduce fears around the security risks of open banking adoption. Respondents also stated that they...
Road to XRP Ledger 1.7: Improving Efficiency and Security
- 4 years 11 months ago
- Security
Today, version 1.7.0 of the reference implementation of the software behind the XRP Ledger (XRPL) was released with key contributions from RippleX aimed at improving the Ledger’s decentralization, security and efficiency. Release Highlights: Improvements for Validators, Server Operators
BSO Wins Best High Performing Network Services at TradingTech Insight Europe Awards
- 4 years 11 months ago
- Infrastructure
BSO, the pioneering infrastructure and connectivity provider, has won Best High Performing Network Services at the TradingTech Insight Europe Awards 2021.
Support for Small UK Construction Firms with Automation and Compliance as Sage Introduces New Apps
- 4 years 11 months ago
- Cloud
Sage, the market leader in cloud business management solutions, has today announced the availability of several new apps which integrate with Sage Business Cloud Accounting. These are designed to help small construction and trades businesses streamline business processes and navigate new domestic VAT reverse charge legislation that specifically impacts the construction industry.
KURVE and PayPoint Offer App-Based PAYG Metering for Heat Network Adopters
- 4 years 11 months ago
- RegTech, Payments
KURVE, the UK’s first web-based smart metering solution for heat networks, has joined forces with digital payment expert, PayPoint, to offer customers the facility to top-up pay-as-you-go (PAYG) energy accounts quickly and easily via the customer’s preferred payment method.
Revolut and GBG Expand Partnership to Tackle Fraud from COVID-19
- 4 years 11 months ago
- Fraud Detection, Security
Financial super app, Revolut, has announced it is building on its previous partnership with identity data intelligence experts, GBG, as the category leaders work together to tackle the rise of online fraud and promote the safe adoption of digital services through customer onboarding solutions, including Know Your Customer (KYC) and Anti Money Laundering (AML).
Broadridge Appoints Jerome Hoffman to be Head of International Partnerships and Alliances
- 4 years 11 months ago
- People Moves
Broadridge has appointed Jerome Hoffman to the newly created role of Head of International Partnerships and Alliances, focusing on the EMEA and Asia Pacific regions. In this new role Hoffman will focus on creating and further developing relationships with firms across the financial services spectrum, including technology vendors and service providers, consultancies, system integrators, market intermediaries and infrastructure providers.
Monument Bank Raises Over £28 Million as it Successfully Completes Series A Funding Round
- 4 years 11 months ago
- Fundraising News, Banking
Despite the continued challenges of the Covid-19 pandemic and its impact on funding rounds globally, Monument (or the “Bank”) has raised over £28m million, significantly ahead of expectations and successfully completing one of the largest Series A funding rounds in fintech / banking of 2020 / 21, backed by a combination of new and existing experienced investors.
NatWest to Help Businesses Replace Cheque Use with Open Banking Payments
- 4 years 11 months ago
- Open Banking, e-Payments, IT Innovations
NatWest has today announced the launch of a major development to its flagship open banking payments service, Payit by NatWest, that will allow businesses to send payments directly to customers without needing their bank details – an industry first. The feature aims to replace the use of cheques and bank transfers when sending money to customers, allowing for instant payments to be made when issuing refunds or customer service payments, as well...
Blue Motor Finance and Credit Kudos Partner to Increase Acceptances with Open Banking Insights
- 4 years 11 months ago
- Lending
Fintech lender, Blue, has announced a new partnership with challenger credit reference agency and Open Banking provider, Credit Kudos, to extend its services to even more customers.
Compass Plus First to Test New Oracle Cloud Infrastructure in Russia
- 4 years 11 months ago
- Payments, e-Payments
Compass Plus has become the first company in Russia to test Oracle’s newest cloud infrastructure update - successfully completing the stress testing of its cloud-native open development payments platform, TranzAxis, using the new Oracle Exadata Cloud Service X8M.
