• Volume wants to bring an end to the “hidden internet tax”, which is the 2%-8% that debit and credit card, ewallet and BNPL facilitators take for every online transaction

• Volume is the first to leverage the Variable Recurring Payment mandate to significantly speed up open banking-enabled direct account-to-account (A2A) online payments and do away with those 2%-8% costs

• TrueLayer’s Recurring Payments API is now available for customers to use for both sweeping and non-sweeping use cases.

• Non-sweeping is a fast, secure and low cost payment alternative to Direct Debit and debit cards and goes beyond what is mandated by regulation.

• Multiple businesses due to go live with sweeping and non-sweeping payments imminently.

Certification reaffirms Drawbridge’s continued commitment to data security and privacy for clients

Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced their achievement of System and Organization Controls (SOC) 2 Type 1 compliance.  This certification reflects Drawbridge’s commitment to safeguarding critical client data while helping customers bolster their cyber defenses in today’s evolving threat landscape.

Esteemed product executive will drive Fusion’s product strategy and innovation

Increased Use of Technology and Product Personalization Fuel Investor Trust,
CFA Institute Investor Trust Study Reveals

Higher interest rates that reduce debt affordability will increase banks' asset risk, but rising rates are a plus for many banks’ net interest margins and profitability. 

» In non-bank finance, insurers, and asset managers the implications are mixed, but high inflation is generally credit negative. 

"Many companies have distributed their data to a variety of storage locations and, as the fines would show, are having challenges in properly managing their archipelago of proprietary, siloed islands of data. No doubt, IT teams spend significant time and resources tackling governance, archiving, and compliance issues. This distorted image causes a number of glaring problems that grow with the amount of data and the number of regulations.

“This is further evidence that the world of payments is changing – no longer are traditional payment methods sufficing for consumers who have become technology natives, and want more choice and freedom when it comes to how they pay for their products. The future of payments lies in the merging of cryptocurrencies and cash, providing people with different currencies to complete financial transactions, but this would of course require retailers to innovate technologies to allow for that to happen smoothly.