Aite-Novarica Group research reveals that payments is an important area of growth and innovation within the commercial banking space, and legacy systems cannot support end-user demand for better payment capabilities. Almost half of banks surveyed say fintechs, which typically provide a smooth customer experience, have already taken at least 10% of their payments volume. Recognizing this trend, the majority of banks globally are investing in modern payments technology, with 94% of respondents considering varied levels of investment in the next 24-36 months.

Verto, a fintech company specializing in cross-border payments for emerging markets in Africa, has launched its new and improved website. The platform is designed to streamline the cross-border payment process for businesses of all sizes, making it fast, secure and convenient.

With a background in KYC data and automation services, Mike has spent his career developing global regulatory, financial crime and risk compliance companies with international companies.

Intergiro, a leading European Banking as a Service (BaaS) platform based in Sweden, announces its partnership with Retreeb, a Swiss payment solution empowering consumers to support social causes. This partnership marks a significant milestone towards the launch of Retreeb's sustainable payment solution and reinforces its commitment to value redistribution and corporate social responsibility (CSR), supported by Intergiro’s innovative embedded finance technology.

Digital Asset Research (DAR), a leading provider of ‘clean’ crypto data and insights, today announced an expansion of its executive team amidst increased demand for institutional-quality digital asset market data. Co-founder Erin Friez has returned to DAR as Chief Operating Officer (COO) and Brian Stern joins as Chief Revenue Officer (CRO).

In terms of innovation, consumer-to-business (C2B) and consumer-to-consumer (C2C) payments technology currently leads the way compared to its business-to-business (B2B) alternative. Making payments via PayPal, for example, can be done in real-time, whereas payments made between businesses can take several days or even weeks. While prolonged payments mostly occur when measures are taken to ensure that all parties are secure, many merchants waiting for payment payments may find this deeply aggravating.

GIACT, an LSEG (London Stock Exchange Group) business, today announces a partnership with Mastercard, a global technology company in the payments industry, to leverage its Open Banking capabilities to provide a secure account verification solution for customers. 

The partnership will build on LSEG’s existing suite of digital identity and fraud solutions, allowing businesses to use a multi-method approach to verify account information for over 95% of U.S. deposit accounts.  

You’ve decided to outsource support. Congratulations, done properly, outsourcing support improves customer satisfaction while reducing expenses. However, it’s essential to choose the right provider. 

There is plenty of knowledge available when it comes to fintech. Financial Technology, commonly known as fintech, refers to any type of business that employs technical tools to create, automate, or improve financial services and procedures. As the sector is quickly growing, new services and applications are being introduced every year to both consumers and companies.