International payment service provider and direct bank card acquirer, ECOMMPAY, has today cautioned that attempted fraud levels have increased by two to three times their previous levels during the past year. 

Contour, the global trade finance network, has partnered with international software consultancy ThoughtWorks in China. This marks Contour’s latest milestone in its expansion in the region and in the digitisation of international trade.

Holly Coventry, Director, Pay with Bank transfer, commented on the findings: “This research clearly demonstrates that the extra time - and money - spent online over the course of the pandemic has heightened consumer awareness of the pain points in existing payment processes. As e-commerce will continue to be critical for many businesses, they need to make sure they’re staying on top of the latest payments tech.

ClearBank, the cloud-based clearing bank, has today announced a report that reveals 33% of fintechs have faced regulatory interventio

Plenitude, the Financial Crime, Risk and Compliance specialists offering advisory, transformation services and innovative RegTech products, has appointed Barbara Patow as Senior Advisor. Barbara will play a key role in providing advice and assisting clients with enhancing their Financial Crime Compliance (“FCC”) control frameworks in order for them to more effectively manage financial crime risk. She will also help guide the business strategy and growth plans for Plenitude. 

For several decades, incumbent banks have held a comfortable leadership position in payments. But the rapid growth of digital payments has signalled opportunity for new market entrants to attack this status quo.

To develop effective strategies to stay ahead, incumbents must understand who their competitors are now, and assess how their strengths and weaknesses compare in the key competitive battlegrounds of data, trust, cost, innovation, scale and alternative payment methods.

Boku reported strong results for FY20, with adjusted revenue and EBITDA growth of 20% and 106% respectively. The Payments business benefited from increased consumer demand during the pandemic, while the Identity business had a more difficult year. Trading year to date has been strong for both businesses and management is confident of meeting expectations for FY21. We have made minor changes to our FY21/22 forecasts. The evolution of the platform to address the wider alternative payments market provides upside potential to our forecasts and the share price.

Exactly a year after the first national lockdown, new research from Barclaycard Payments, which processes nearly £1 in every £3 spent in the UK, reveals the 10 biggest shifts in consumer behaviour which have emerged as a result of the pandemic, and are set to outlive it*.

Veriff, a global identity verification provider is partnering with Joompay, a social finance app enabling money transfers in Europe. The Joompay app allows people to send and receive money from anyone in an easy and fun way.

Mortgage technology solution providers Twenty7Tec and Eligible ai today announce that they have entered into a partnership with the intent of delivering solutions that will encourage advisers to use technology to help increase retention rates of existing clients.

With this partnership, Twenty7Tec and Eligible will collaborate in the design, development and deployment of technology that helps advisers easily and automatically maintain regular contact with both existing and new clients through the client lifecycle.