Connect Financial, an innovative cryptocurrency financial platform, announces today the successful completion of their L2 Arbitrum migration and launches its full capabilities on the Connect Financial ecosystem.

How Will SCA Change Fraud Pressure for Businesses?

​​Strong Customer Authentication (SCA) is a requirement of the second Payment Services Directive (PSD2) in the UK and the EU. Aimed at securing online payments, consumers’ identities are verified with a two-factor authentication. This authentication will ask consumers to prove two of three factors:

●      Knowledge — something they know, like a password

●      Possession — something they own, such as a mobile phone

Open Banking Expo, the leading global community of Open Banking and Open Finance executives responsible for digital transformation across financial services, will host thought leaders and practitioners for the Central Bank Digital Currencies (CBDCs) Confex on 10 March 2022.

‘Does compliance really kill innovation?’ asks Amir Tabakovic, Co-Chair of Mobey Forum’s AI and Data Privacy Expert Group

Those who closely follow the digital trends impacting financial services will surely remember that, not so long ago, cloud technology and artificial intelligence (AI) were widely touted as the technologies that would protect banks against the rising tide of fintech, big techs, and the evolving expectations of customers.

Global information and insights provider TransUnion has announced it is ready to accept buy now, pay later finance into UK consumer credit files, being the first credit reference agency in the UK to do so.  

Following extensive research and product innovation, buy now, pay later finance – also known as deferred payment credit – will soon be included within TransUnion credit information to help protect consumers and enable finance providers to ensure that payment plans are affordable and sustainable.  

Results for the past half year were strong, and the indicators of sustainable profitable growth remain intact. The company achieved new milestones in the past year including half a trillion Euros of processed volume and a billion Euros of net revenues.

Modulr and Hodge have today announced a new partnership which sees the FinTech provide the Cardiff-based bank with the underlying payments and accounts infrastructure to deliver a market leading, real-time digital banking experience to its customers.

Bolero International, the leading cloud-based trade finance digitization experts, announce the signing of UBS as its first major customer for Galileo TPaaS, its new white-labelled trade finance portal-as-a-service solution for banks.

One, and possibly the only positive aspect of the COVID 19- pandemic is, that it highlights the critical need for digitization. It shows that digital transformation is no longer an option, it is an imperative. The growing volumes of electronic invoices are rapidly changing and challenging the market and require that businesses and organizations take proactive actions toward digitization.

3air, the blockchain-based platform bringing easy access to high-speed broadband Internet, digital services, identity management, payments, and credit line building to developing countries today announced it has decided to leave the Cardano blockchain and continue building its blockchain-based platform solution on SKALE, a multichain network focused on scaling Ethereum.