Brian Costello, VP Data Strategy, Envestnet|Yodlee

We currently feel nuanced and conflicted around SCA and its deadline. We’re supportive of its intent, which is to provide dynamic verification to the person initiating a payment or requesting data is authorised, but concerned over its implementation; which is asymmetrically applied without variable levels of consideration for risk.  Our first concern as the deadline arrives, however, is around whether or not consumer know enough about it. 

11:FS, the challenger firm defining and building truly digital financial services, today announced that it is continuing to strengthen its senior executive team, appointing Jo Wright as its Chief Financial Officer (CFO).

As the company continues its rapid expansion, adding new client projects across the globe and scaling its US operations, Jo will play a critical role in the firm’s international expansion.

Yooz, a leading provider of innovative, cloud-based AP automation, today announced that it has been selected as the winner of the “Best Procure-to-Pay Software” award for the third year in a row by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market today.

YouHodler FinTech platform is focused on crypto-backed lending with fiat (USD and EUR), crypto (BTC) and stablecoin loans (USDT, USDC, TUSD, PAX), crypto/fiat and crypto/crypto conversions, as well as high-yield saving accounts. YouHodler supports BTC, BCH, BNB, ETH, LTC, XLM, XRP, DASH, REP and other popular cryptocurrencies and tokens.YouHodler is an EU and Swiss-based company with two main offices: Limassol, Cyprus and Lausanne, Switzerland.

Temenos (SIX: TEMN), the banking software company, today announced that TAS Group, a global provider of digital payments software, has joined the Temenos MarketPlace. With the addition of CARD 3.0 IE, Temenos clients can leverage a flexible, modular and scalable card issuing, acquiring and processing platform that can be deployed either on-premise or on the cloud.

phos today unveiled a pilot project with Mastercard, introducing an innovative mobile solution that enables merchants to accept contactless payments on Android mobile devices without the need for any additional hardware. Simple and effective, the solution will enable millions of micro, small and medium-sized enterprises (MSMEs) to accept cashless payments and grow their businesses.

• Exclusive research from Barclays Corporate Banking reveals the contrasting views of nearly 2,000 financial services leaders from across the globe on the key drivers of collaboration, innovation and cybersecurity
• More than two-thirds of businesses identify collaborating and partnering with FinTechs as the preferred approach for traditional banks in the future
• China will be king for innovation in the next five years, but India is still set to be a player
• Business approaches to cybersecurity are not robust according to more than half of all respondents

It’s no secret the payments world is immensely complex. But the extent of the testing and certification behind the card in your wallet would likely surprise many.

The processes and standards in place to ensure our payment cards are robust, secure and work in harmony with the rest of the ecosystem are given little spotlight, but they’re invaluable to the payments world’s smooth operation.

In line with the UK-Israel Tech Hub’s TeXchange 2020, Leumi UK’s “Game of Thrones: How to survive the trending battles in global technology”, organised alongside the group’s technology banking arm, LeumiTech, took place on the 5^th February. Convening a number of influential figures from across the industry – including senior representatives from Google, Facebook and Amazon – the event fostered an open discussion on the trends and challenges shaping the tech landscape in 2020. Yifat Oron, CEO at LeumiTech, moderated the discussion.

Nets, a leading player in the European payments industry, today announces its acquisition of Polskie ePłatności (“PeP”), a leading Polish merchant acquirer with an installed base of more than 125,000 point-of-sales terminals, offering a broad set of payment solutions for SME merchants.

The transaction values PeP’s Enterprise Value at EUR 405 million.