The symbiotic relationship between fintechs and banks is well established but reaching the point where both are happy to collaborate together means getting buy-in on both sides.

Much of this needs to be achieved at C-suite level, with banks’ Chief Technology Officers (CTOs) being key to engaging a fintech for any type of digitisation process. So, when fintechs are approaching banks to become business partners, one of the first things to remember is: “Don’t alienate the CTO.”

iDenfy, the all-in-one fraud prevention startup, best known for its full-stack ID verification solution, has been recognized by G2, the global review space for the B2B space. This week, the feedback platform announced its Winter report, where iDenfy scored first place for being the leader in identity verification. 

Today, 40% of payments by value are digital, contributing to a US$3 trillion digital payment market on account of rapid expansion in digital infrastructure, UPI-led migration to digital, pandemic-led acceleration of shift in customer preferences, growing merchant acceptance network and disruptive innovations by fintechs.

As the days get shorter and the weather gets colder businesses are preparing for their busiest season. This time is crucial for small businesses who expect to make two-thirds of their annual income in the winter period. However, the current economic climate is setting them up for failure.

Vilja, the leading Nordic cloud-native core banking platform vendor, wins together with the fast-growing company Bosam two awards - “Most Innovative API / Open Banking Model: Most Adaptable Deployment” and “Most Innovative API / Open Banking Model: Most Agile Deployment” at the fourth annual IBSi Global Fintech Awards 2022 ceremony.

Rakuten France has announced the launch of a brand-new integrated payment solution, Club R Pay, becoming the first e-commerce player to offer such a system in marketplaces. A universal integrated payment solution, Club R Pay facilitates purchases for the 12 million members of the Club R loyalty program on over 2,000 sites while they enjoy their Rakuten rewards.

Investing is a great way of earning extra money and generating regular passive income that helps with achieving various goals. From planning a vacation next year to saving money for your retirement, it is possible to earn enough funds through investing. There are numerous investment services available today. Thanks to investment platforms, even people with zero experience in investing can start earning money. There are numerous investment funds available in Europe, and it is important to evaluate all options carefully before joining.

The average number of suspected digital fraud attempts for transactions from the UK on any given day surrounding Black Friday was 40% higher than the average for the rest of the year  – according to global information and insights company TransUnion.

Adyen, the global financial technology platform of choice for leading businesses, has announced that it has raised £10,500 for the charity, Change Please.