In terms of innovation, consumer-to-business (C2B) and consumer-to-consumer (C2C) payments technology currently leads the way compared to its business-to-business (B2B) alternative. Making payments via PayPal, for example, can be done in real-time, whereas payments made between businesses can take several days or even weeks. While prolonged payments mostly occur when measures are taken to ensure that all parties are secure, many merchants waiting for payment payments may find this deeply aggravating.

GIACT, an LSEG (London Stock Exchange Group) business, today announces a partnership with Mastercard, a global technology company in the payments industry, to leverage its Open Banking capabilities to provide a secure account verification solution for customers. 

The partnership will build on LSEG’s existing suite of digital identity and fraud solutions, allowing businesses to use a multi-method approach to verify account information for over 95% of U.S. deposit accounts.  

You’ve decided to outsource support. Congratulations, done properly, outsourcing support improves customer satisfaction while reducing expenses. However, it’s essential to choose the right provider. 

There is plenty of knowledge available when it comes to fintech. Financial Technology, commonly known as fintech, refers to any type of business that employs technical tools to create, automate, or improve financial services and procedures. As the sector is quickly growing, new services and applications are being introduced every year to both consumers and companies.

1. Why did you choose a career in fintech?

Bini: Fintech companies work within such a dynamic and interesting space that is unique to other industries. The financial technology sector appealed to me because it’s a very open and transparent working environment where teams work collaboratively with each other. This kind of connected culture, where knowledge, experience, and best practice is shared, is the best way to learn and grow.

Much more than just ISO 20022

What is redefining the future of financial services around the world?

This edition of Financial IT supports FinovateEurope 2023, which takes place in London on 14-15 March.

The conference brings together a variety of people ‘who are redefining the future of financial services around the world’.

Spreedly, the provider of the leading Payment Orchestration platform, today announced even more payment method options for customers with the addition of integrations to Venmo, PayPal Credit, PayPal Pay Later, and ACH payments. These new payment methods are now available to joint PayPal and Spreedly customers processing through PayPal Braintree. 

Northern Trust today announced that UK-based asset manager Redwheel is now using its data aggregation tool, developed by its strategic partner, Equity Data Science, Inc., to enhance ESG integration across its investment business.  Founded in 2000 and formerly known as RWC Partners, Redwheel currently manages approximately US$19 billion for its clients.

Sumsub, a global tech company that provides customizable KYC, KYB, AML and transaction monitoring solutions, has partnered with  Mercuryo, a global payments infrastructure platform, to publish User verification in Web3. How to solve key challenges and manage user data.