Over the last decade, the payments industry has transformed significantly. The rapid shift to faster and more seamless payments has made it easier for both individuals and businesses to transact. Now, the advent of Request to Pay (R2P) provides payees and payors with more control over their payments. With R2P, the industry can add value to the end-to-end transaction flow and reap the benefits that come with the ability for everyone from individuals to large corporates to request payments at ease and with more transparency.

With disruptive fintech firms becoming a more pervasive fixture in the financial landscape, many traditional institutions are struggling to remain competitive. It’s here that digital solutions providers such as ICS Financial Systems (ICSFS) come in, helping banks to bolster their technological capabilities and maintain their market share.

 Mastercard and SumUp today announced a new partnership that will increase the number of electronic payment acceptance locations across 27 European countries.  Over the next five years, Mastercard and SumUp will bring card acceptance to several million micro, small and medium-sized companies (MSMEs) across Europe.

Mirabella Group, the regulatory hosting arm of ACA Compliance Group, today announced that it has enhanced its hosting services in Malta by adding a Tied Agent solution to its existing alternative investment fund manager (AIFM) service. This new solution helps non-European Economic Area (EEA) firms to interact with their EEA clients using MiFID passporting.

FIME offers consultancy and testing services to support the development and launch of software-based mobile point of sale (softPOS) solutions. SoftPOS developers can now ensure the functionality, interoperability and security of their applications prior to launch.

Cheers Paytech, the Singapore-based fintech, has partnered with Mambu to provide the core banking technology for all wallet accounts to fuel growth. The partnership will facilitate the backend movement of funds within the Cheers Wallet Engine. 

Mambu’s rapid deployment capability and API-first architecture will allow the team to integrate quickly and without the need for complex coding or underlying infrastructure maintenance.

New research conducted by Klarna across 2,000 UK consumers and over 250 retail decision makers, reveals that retailers are struggling to retain their customers as consumers today increasingly have zero tolerance for a poor retail experience.

40% of shoppers say just one bad experience would stop them returning to a brand. A third (32%) say shopping isn’t as fun as it used to be, with 36% feeling that what shoppers today have gained in convenience, they’ve lost in experience. 

Following participation in the FCA’s Sandbox initiative in 2018/2019,  SquareBook has received regulatory authorisation under Article 25 (2) of the Regulated Activities Order to ‘make arrangements with a view to transactions in investments’.

Solactive announces the release of two thematic indices that capitalize on two significant megatrends that have the capacity to change not only consumer behavior, but also society as a whole. Both the Solactive China Cloud Computing Index and the Solactive China Biotech Index aim to track the individual performance of the twenty largest and most liquid Chinese companies operating in their corresponding sectors.