Nuapay has revealed that U.K. businesses have seen payment decline rates increase by an average of 37% following the enforcement of Strong Customer Authentication (SCA) rules on Mar. 14.

As the cost to business continues to compound, EML commissioned data highlights the importance of merchants acting now to review the technology used at checkout. Open banking payments offer a secure, efficient and cost-effective alternative to traditional cards.

ScienceLogic, a leader in AIOps and another hybrid cloud IT management solutions, announced today the expansion of its global footprint to South Africa. The move follows a sharp rise in market demand for comprehensive managed services as organisations adopt AIOps to deliver better digital experiences for employees, remote operations teams, and customers undergoing large-scale digital transformation.

Worldline, a global leader in payment services, announces the completion of its acquisition of Eurobank’s Merchant Acquiring business in Greece. Effective as of 30 June, Worldline has formed a joint venture with the bank in which it will hold an 80% stake in the new company in Greece.

Online payments are becoming an integral part of every consumer’s daily life. The challenges posed by recent crises in global market accelerated the growth of fintech companies and gave birth to new ones, thus offering diverse options for making purchases online. The needs and requirements of a modern customer are getting sophisticated, including data protection, multi-currency options, and unique user experiences.

Caroline Murphree has joined Moneybox, the award-winning digital wealth manager, as Managing Director of Investing Retirement and Savings.

According to the Wall Street Journal, Klarna is nearing a capital round that would reduce the BNPL giant's valuation from $45.6 billion to roughly $6.5 billion. 

The Journal reports that Klarna is attempting to raise $650 million, most of which will come from Sequoia Capital, the company's largest investor. 

When the company was riding the buy now, pay later wave, its $639 million investment round in June of last year's valuation represented a significant discount. 

TPAY MOBILE, the leader in mobile payments in the Middle East, Africa, and Turkey (META), today announces it has appointed Gaston Aussems, previously CEO of Mollie, as CEO, effective 4th July 2022.

Founder and current CEO, Sahar Salama, will move into a Group Chairwoman position and will be working closely alongside Gaston Aussems over the coming months to ensure a smooth leadership transition for the fast-growing company. 

Today, Spenda, a B2B payment and lending solutions provider, has announced a full company rebrand that represents and aligns the continued evolution and growth of the business.

The new logo takes on three different variations, including:

Reliability in financial systems and ergo financial products and apps is essential to deliver the user experiences and reliability needed for commercial success. If we look at this underlying technology (that is hidden away from the end user’s interactions) it’s a critical factor in enabling growth and gaining a competitive advantage. In this article, I will outline four must-have characteristics that you should have in your tech stack to make it in modern fintech.

Financial institutions commonly face a range of IT-related challenges. These range from an ever-changing threat landscape to a lack of IT resources and shrinking budgets. These challenges are often heightened because of siloed technology and processes.