Banks are not enjoying the returns they expected from all that they’ve invested in trying to drive value from data. The problem, to be absolutely clear, is not a lack of data. They’ve got a ton of that, with volumes continuing to rise. What they lack is meaningful insights of the kind that will drive actionable decision-making on the ground and give their businesses new energy and direction in a difficult economic and competitive climate. 

HELPFUL, the payout management platform, has partnered with Mastercard to enable creator and music platforms to reach their full potential by offering automated, instant, cross-border payouts.

Creator and music platforms experience challenges when managing payouts to their creators. These challenges centre around the ability to pay thousands of creators quickly, across multiple geographies, without the high associated fees.

Ecospend, the UK’s leading Open Banking payment provider, today announces its partnership with Telsolutions, the specialist in multi-channel communication programmes for revenue collections. The partnership will allow Telsolutions to offer its clients Open Banking services, helping to protect customers against fraud whilst reducing the cost of transactions.

Fino Payments Bank has tied up with Protean eGov Technologies (formerly NSDL e-Governance Infrastructure Limited), a market leader in universal, citizen-centric and population-scale e-governance solutions, to expand PAN card issuance services in India, especially in rural areas.

A survey of more than 2,200 people across the United Kingdom and United States has found that Digital Wallet payments, such as Apple Pay, Google Pay or PayPal, is increasing in popularity in both the UK and US, with at least 7 in 10 using the method regularly to pay for online purchases.

PIMFA, the trade association for wealth management, investment services and the personal investment and financial advice industry, has welcomed the Financial Conduct Authority’s (FCA) proposals for a simplified advice regime to encourage more consumers to seek financial advice and reduce the cost burden of advice for relatively simple financial decisions.

Commerzbank has chosen Nets, part of the European PayTech

AutoRek, a reconciliation and finance automation fintech, today releases the findings of its global payments survey. The survey looked to understand the current issues facing payments firms today, future trends, as well as their perceptions on regulation, compliance and payments reconciliation.

Over the Black Friday and Cyber Monday weekend, Square and Clearpay sellers saw more than 4.3M transactions across the UK as consumers kicked off the holiday shopping season. For a global look, view our complete Black Friday / Cyber Monday Results.

BIC Bank, one of the fastest-growing commercial banks in Cambodia, has successfully migrated its in-house processing centre to Compass Plus Technologies’ award-winning payments platform, TranzAxis. The migration to the new system enables BIC Bank to significantly expand its digital offering, starting with the addition of Mastercard debit cards to its portfolio.