TranzAxis is an award-winning, SOA-based, third-generation issuing and acquiring payments platform designed with innovation in its DNA. Described as ‘visionary’ by PayX, TranzAxis was developed to challenge the world of legacy card-based infrastructures by providing an advanced system to help build revolutionary future-proof payments ecosystems. TranzAxis is not card-centric… it is token-based. It’s not cloud-ready… it’s cloud-native. It’s not API-enabled… it’s API-first. 

HPS, a leading payment software company, has launched PowerCARD Connect-Open API, an open banking platform that enables FinTech firms to build innovative payments applications on banks and other large financial institutions’ existing payment systems. 

Closer scrutiny of trading and more stringent capital requirements call for sophisticated data management and tighter integration, not to mention a robust IT infrastructure. That’s according to Ioannis Akkizidis, Global Product Manager for Wolters Kluwer’s Finance, Risk & Reporting business.

The 7th China Forex Expo, which was held from May 18-19 in Great China International Square, was a huge success with over 7,000 visitors attending and 102 thousand clicks on the live streaming platform. This time, we also added this year’s hottest trend ‘blockchain’ into the exhibition as well as the conference. The clashes of western fintech and Asia markets brought a great many opportunities for brokers, technology and services providers, investors and startups. 

The Insolvency Practitioners at Dains Business Recovery Limited have selected encompass verify to support and enhance their Know Your Customer (KYC) compliance processes.

Midlands-based Dains Business Recovery Limited works with a wide range of businesses in a variety of industries.

The only provider of simultaneous, real-time access to multiple sources of global company and person data, encompass corporation is the creator of KYC automation for major global financial and professional service firms.

Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced the implementation of interchange functionality as part of the many features of  its open development payments platform, TranzAxis.

EMVCo, the global technical body that manages the EMV® Specifications, has created a QR Payment Mark to promote global interoperability across EMV QR Code payments. EMVCo has developed reproduction requirements and a free licensing structure to enable all implementers of EMV QR Code solutions to use the mark.

The mispricing of risk in consumer credit is a threat to all lenders, particularly those that lack flexibility, explains Sarah Jackson, Director, Equiniti Credit Services.

Years of low interest rates and fierce competition in the UK credit market has created a price war. Lenders are using cheaper loan products with wider consumer appeal to retain existing customers and capture new market share.  This is a dangerous game and is leading to inadvertent mis-pricing of risk in the race to attract customers.

What is Open Banking?