The pandemic was a wake-up call for many financial services organisations who had no choice but to become digital entities practically overnight. The industry, however, continues to face a time of considerable change to meet the needs of the digital age. But what is the best way to encourage innovation within the industry while protecting consumers and promoting financial inclusion?

LPA, the capital markets software and advisory firm, today announced that it has appointed Maria Weege as its Head of Marketing, a year after she joined the company as Digital Marketing Lead.

The 2022 B2B Payments Survey, now in its 6th year, conducted by Strategic Treasurer and Bottomline, reveals that more companies are asking banks for an embedded financial experience. It’s expected that APIs will have the biggest impact on B2B payments over the next two to three years, with both larger (51%) and smaller (39%) companies identifying this as their top choice.
 

Debit cards drive growth as contactless usage continues to rise and consumer spending recovers after the height of the pandemic. Card usage will keep growing as new spending habits developed during the pandemic will persist

Spending with payment cards rebounds quickly

Independent fund and investment manager WCM Investment Management has cut reconciliation time by two-thirds following a tripling of its assets under management (AUM) over the last three years, thanks to the use of Gresham’s Managed Services.

Ratio, a new kind of fintech platform that combines payments, predictive pricing, financing, and a frictionless quote to cash process into one platform for SaaS and technology companies, today emerged from stealth and announced raising $11M in venture funding and a $400M credit facility for customer financing. Led by a team of industry veterans, Ratio is rewriting the rulebook for SaaS pricing and financing, driving value for vendors by delivering a new set of tools to accelerate growth in the turbulent market.

Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, today announced the launch of Cash Management AI, a new solution based on Artificial Intelligence, which uses data science technologies to predict cash availability with increased speed, control and reliability. The new solution improves companies' cash management and forecasting capabilities.

Today, the Consumer Financial Protection Bureau (CFPB) published a report offering key insights on the Buy Now, Pay Later industry. The report, Buy Now, Pay Later: Market trends and consumer impacts, finds that the industry grew rapidly during the pandemic, but borrowers may receive uneven disclosures and protections. The five firms surveyed in the report originated 180 million loans totalling over $24 billion in 2021, a near tenfold increase from 2019.

PPRO merchants will soon have the ability to integrate buy now, pay later services from Australian provider Zip at the point of checkout.

Zip, which includes Zip Pay and Zip Money, becomes the first Australian BNPL method to be added to PPRO’s digital payments infrastructure and sits alongside other Australian local payment methods.