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When Big Isn't Better: How Major Payment Hub Providers Can Cost You Time and Money

It's crucial for payment service providers (PSPs) to have reliable and efficient software to handle transactions smoothly. However, many PSPs face challenges when working with big-name white-label payment software providers who may not prioritize smaller clients or provide personalized support. 

In this article, we will elaborate on why switching to a relatively young promising software provider can be beneficial for PSPs of all sizes.

Friday, May 5, 2023 - 10:16
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Financial IT
SVB Domino Effect Exposes Risks of 100-Year-Old Centralized Banking System

Despite all of the supposed innovation in fintech over the last decade, literally, all of the startups and top players alike rely on just a handful of banks to actually power their backend. It's insane that the $100 billion+ fintech and payment industry that powers our whole economy relies on basically five banks and two centralized networks. 

And we just saw what happens when one of them fails. The smallest one!

Thursday, May 4, 2023 - 15:41
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Financial IT
TabaPay Ranked Among Top Merchant Acquirers by Nilson Report

TabaPay, the leading instant money movement platform, announced today that it's the 6th largest card-not-present (CNP) acquirer based on total purchase transactions and 5th by dollar volume. TabaPay was also recognized as the 20th largest merchant acquirer in the U.S.

Thursday, May 4, 2023 - 15:37
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Financial IT
Glia Expands Executive Team with Chief Product Officer Jay Choi

Glia, unifying digital, phone and automated customer interactions on a single platform, has created a new executive leadership position, appointing Jay Choi as its first Chief Product Officer. This newly created role oversees product strategy, product management and product marketing under a single product team working closely with engineering leadership to advance Glia's position as the leading Interaction Platform.

Thursday, May 4, 2023 - 14:47
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/news/people-moves/glia-expands-executive-team-chief-product-officer-jay-choi
Financial IT
Sumsub Named an Identity Verification Leader in the G2 Spring Report

G2 has ranked Sumsub as a Leader in Identity Verification Software in its Spring 2023 Report, based on verified client reviews.

Thursday, May 4, 2023 - 14:44
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Financial IT
Invenda Group AG Enhances Retail Offering With Adyen Partnership

Invenda Group AG, the leader in next-generation automated retail, today announced a new partnership with Adyen, th

Thursday, May 4, 2023 - 14:43
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Financial IT
Linedata Expands Agreement with Refinitiv to Enhance its Data Hub Management Solution

Linedata, a global provider of asset management and credit technology data and services, announces an extension of its agreement with Refinitiv an LSEG business and the evolution of the Data Hub data management system.

Thursday, May 4, 2023 - 14:38
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Financial IT
Billtrust Surpasses $100 Billion in Payments Volume in 2022 Amid Strong Growth

Billtrust, a B2B accounts receivable (AR) automation and digital payments market leader, surpassed $100 billion in payments volume in 2022, a 35% year-over-year increase and a first for the company. In addition, with CFOs and finance leaders seeking to bolster their financial resilience amid an economic downturn, Billtrust’s client base grew to exceed 2,400 customers globally, as Billtrust enabled them to present over 423 million bills to 13 million buyers.

Thursday, May 4, 2023 - 13:58
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Financial IT
iDenfy Partners with SI Tickets to Enhance Customer Onboarding

iDenfy, a global RegTech startup offering AI-based ID verification and fraud prevention tools, announced partnering with SI Tickets, a  fan-first ticketing marketplace by Sports Illustrated. iDenfy will help SI Tickets enhance security through a user-friendly and compliant identity verification process.

Thursday, May 4, 2023 - 12:48
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Financial IT
How Banks Can Respond to the Peer-to-peer Revolution

Consumers are facing something of a perfect financial storm. 

Fuelled by inflation and compounded by rising interest rates, the cost-of-living crisis is hampering people’s ability to service debt at a time when many will need to borrow more to make ends meet. A trend that inevitably will lead banks to tighten their lending boundaries. 

Thursday, May 4, 2023 - 12:45
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Financial IT

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