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Banking Circle, the cross border payments expert, has identified an issue affecting some financial institutions handling cross border transactions from the UK to the EU. It seems Brexit has caused a number of EU banks to increase their fees for receipt of SEPA local payments in EUR from GB IBANs.
Cybertonica, the advanced fraud and risk management provider, has appointed Carl Clump to its Board to lend his strategic and managerial expertise to the expanding business. Cybertonica’s innovative fraud and risk management system is changing the game in the fintech and fraud space.
Leading payments issuer processor, Global Processing Services (GPS), announces its sponsorship of findexable’s Fintech Diversity Radar, the world’s first global platform gathering progressive data to understand women’s impact and contribution to the digital economy.
The Japanese payments market has long been something of a paradox.
On the one hand, Japan boasts the third-largest economy in the world and is a culture synonymous with high-tech and innovation. It even invented Near-Field Communication (NFC) and QR Codes, arguably the two most prevalent mobile payment communication technologies worldwide.
Klarna, the leading global payments and shopping service, today announces a strategic collaboration with Ingenico (part of Worldline, the European leader in the payment and transactional services industry, since late 2020) to make Klarna’s online payment solutions accessible to even more European merchants.
Sopra Banking Software, leading partner of over 1,500 financial institutions across the world, announces the launch of its Marketplace aiming at accelerating modernisation and platformisation of banking and financial systems. This new Marketplace consolidates all offers provided by its partner FinTech. It will enable banks and financial institutions to leverage innovative use cases, combined with the power and richness of Sopra Banking Software’s products.
Metapraxis, the financial analytics technology firm, announces the appointment of Carmen Hula as Chief Financial Officer, following the retirement of Andrew Mosely.
As CFO, Carmen will lead the finance team, responsible for accounting, financial planning and analysis, as well as tax and investor relations.
As 2021 unfolds, the topic of tax is set to dominate headlines. Tax to recoup the costs of Covid, tax on large, high profit companies, and new areas of tax to generate revenue and influence changes in society, such as environmental social and governance (ESG). One tax that has gone live without much of a splash, though, is the new Spanish financial transaction tax (FTT). While the reporting and payment for this new tax start in April, the calculations must be done from 16th of January 2021.
