London-based fintech company Meniga is buying Sweden-based peer Wrapp for an undisclosed amount as it eyes growth in the Nordic region, it said on Thursday. 

Meniga, which has raised $34 million since founded in Iceland ten years ago, and Wrapp are both providing merchants the ability to offer personalized rewards and cashbacks to consumers based on purchase behavior. 

Colt Technology Services has today announced the launch of Colt Intelligent Communications – an enterprise solution integrating the power of Microsoft’s cloud productivity applications with Colt’s voice and data networks to deliver end-to-end performance, security and reliability for a unique one-stop IT capability. 

Katallassos, a new standard framework for originating and issuing financial instruments and financial services, has today been announced as the flagship project of Trinkler Software, a company founded be Reto Trinkler - Cofounder of Melonport, a board member of the Web3 Foundation, and Forbes 30 under 30 in 2018.  The Katallassos project builds on top of the 

Following the announcement on 21 December 2018 by Cevian Capital of their approximately 2.3 per cent holding in Nordea Bank Abp, the Nomination Board has today at their meeting approved Cevian Capital’s request to join the Nomination Board and appointed Christer Gardell as an additional member to the Nomination Board. 

The Nomination Board will continue its work and expects to finalise its tasks by February 2019, in time to be included in the proposals in the notice of the Annual General Meeting. 

The members of the Nomination Board are:

The ultimate moment of shopping truth happens when we tap, dip, swipe or click and wait for approval. Nobody wants a decline—especially not a false one and especially not a false decline due to security measures put in place to protect you. This is scenario is more troubling to us than fraud losses. Because, when that happens, people don’t just abandon their cart—they often stop using their card altogether. In 2017 alone, false declines for payment card transactions account for US$303 billion in lost revenue in the U.S.¹ 

When it comes to cyber security, it can be more beneficial to use a credit card rather than a debit card- especially in today’s marketplace where consumers pay more often than not in the online environment.

The Consumer Financial Protection Bureau (Bureau) today published a report under section 1022(d) of the Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) assessing the effectiveness of the Bureau’s Ability to Repay and Qualified Mortgage Rule and a separate report assessing the effectiveness of the Bureau’s mortgage servicing rule issued under the Real Estate Settlement Procedures Act (RESPA).

The game has changed. Agile start-ups, and truly innovative insurers have proved that the customer is responding to products and services that match their lifestyle choices and inspire engagement. Should your organisation have the courage to make innovation a reality there is a huge opportunity to both secure your customers’ future loyalty and attract new ones too.

However, one real challenge lies in convincing new and existing customer of the true value of these offerings through effective marketing and communications campaigns.

This Sunday marks the first anniversary of the Open Banking initiative. This ground-breaking reform changed previously rigid rules to make the financial services sector more competitive and focused on the customer.  

Cloud-based digital banks have taken advantage of this initiative by offering better services to customers, as 8 out of 10 Millennials say they would switch banks for personalised service. Such fintech players and challenger banks now account for 20 per cent of the banking and payments market in Europe. 

Ahead of the one year anniversary of the implementation of Open Banking on 13 January 2019, Jake Ranson, Banking & Financial Institutions Expert and CMO at Equifax UK, believes both consumers and companies will benefit from the growing development and impetus of Open Banking in the year ahead: