Global payments disruptor Payoneer is today announcing that it is partnering with open banking API provider TrueLayer to launch its open banking service for customers in the UK and Europe.

PayNearby, India’s largest hyperlocal fintech startup, has partnered with YES Bank and National Payments Corporation of India (NPCI) to launch PayNearby Shopping Card, enabling its retail partners to derive maximum benefits of digital commerce in the mass market category.

Medius, a leading global provider of cloud-based spend management solutions, today announced that it has entered into a partnership with Changepond Technologies, a leading software and engineering services company to support digital transformation in accounts payable and finance. 

Revolut has launched an early salary feature available to UK customers, giving over three million people an easy and flexible way to access their pay cheque a day early each month. This is the latest feature to be added to Revolut’s growing financial superapp, that provides consumers with new, useful and unique services not offered by traditional banks.

The frequency of debit and credit card fraud has risen to unprecedented levels since the start of the pandemic. Even as many national economies falter from coronavirus, and millions of citizens struggle with job losses and debt, fraudsters haven’t stopped. Quite the opposite, in fact. It seems many have taken advantage of the disruption caused during the crisis to aggressively pursue fraudulent transactions.

Behind the scenes of any transaction there are many different players working to make sure the payment is made swiftly, correctly, and securely. However, with a multitude of different providers at each stage, this can be prone to errors or additional time added to the transaction, leaving the customer with a poor experience and less likely to return for repeat sales. At the same time, multiple failed transactions could ultimately mean a big loss in revenue for retailers over time.

With skyrocketing savings all over the world, an economic crisis is difficult to avoid as consumption drops and investments are generally postponed.

Surecomp®, the leading provider of global trade finance solutions for banks and corporates, today announced the appointment of Enno-Burghard Weitzel as its Senior Vice-President of Strategy and Business Development to drive future growth and harness the accelerated demand for trade finance digitization.

Recent months have brought momentous change for businesses across the globe. Needless to say, the pandemic has had a colossal impact on the retail sector in particular. For certain industries, the crisis has catapulted society further into the digital world; technology that was predicted to be adopted  over the coming years is now on track to be embraced in mere months.

One of the most challenging and complex elements of operating a financial services institution is compliance. Managing risk, security and privacy to earn customers’ trust has long been at the core of financial services, but this foundation has been shaken over recent years. A series of major incidences of fraud and compliance violations – such as the Nordic Laundromat scandal, which exposed several Nordic banks as part of billion-dollar Russian money laundering schemes – have eroded trust in the industry.