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FinTech Challenger, GerliPay, Selects Nets for Multinational Digital Payments

Gerlionti S.A., a company in Luxembourg, currently in the process of obtaining an Electronic Money Institution (EMI) licence under the GerliPay trademark, has selected Nets Estonia to support the development of its new digital payment system, GerliPay.

Tuesday, March 23, 2021 - 13:43
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Financial IT
Financial Chief Data Officers Making Advances in Data Management and Compliance but Over Half of Manual Processes Remain

Risk data aggregation is the top compliance concern for chief data officers (CDOs) within financial services firms, with 88% of these organisations devoting 40% or more of their total data practice budget to compliance functions, according to new research launched ahead of the leading data management event for financial services, FIMA.

Tuesday, March 23, 2021 - 13:15
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/news/data/financial-chief-data-officers-making-advances-data-management-and-compliance-over-half
Financial IT
ECOMMPAY Cautions Merchants to Improve Fraud Prevention Strategies After Tracking Three-Fold Increase in Fraud Attempts During Pandemic

International payment service provider and direct bank card acquirer, ECOMMPAY, has today cautioned that attempted fraud levels have increased by two to three times their previous levels during the past year. 

Tuesday, March 23, 2021 - 13:06
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Financial IT
Contour Partners with ThoughtWorks to Ramp up Digital Trade Finance in China

Contour, the global trade finance network, has partnered with international software consultancy ThoughtWorks in China. This marks Contour’s latest milestone in its expansion in the region and in the digitisation of international trade.

Tuesday, March 23, 2021 - 12:43
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/news/infrastructure/contour-partners-thoughtworks-ramp-digital-trade-finance-china
Financial IT
One in Three Brits Feel Confident Trying New Digital Payment Methods

Holly Coventry, Director, Pay with Bank transfer, commented on the findings: “This research clearly demonstrates that the extra time - and money - spent online over the course of the pandemic has heightened consumer awareness of the pain points in existing payment processes. As e-commerce will continue to be critical for many businesses, they need to make sure they’re staying on top of the latest payments tech.

Tuesday, March 23, 2021 - 12:09
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/news/payments/one-three-brits-feel-confident-trying-new-digital-payment-methods
Financial IT
One Third of European Fintechs Have Faced Regulatory Intervention Because of Their Partner Bank

ClearBank, the cloud-based clearing bank, has today announced a report that reveals 33% of fintechs have faced regulatory interventio

Tuesday, March 23, 2021 - 11:16
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/news/banking/one-third-european-fintechs-have-faced-regulatory-intervention-because-their-partner
Financial IT
Plenitude Appoints Former HSBC Managing Director Barbara Patow as Senior Advisor

Plenitude, the Financial Crime, Risk and Compliance specialists offering advisory, transformation services and innovative RegTech products, has appointed Barbara Patow as Senior Advisor. Barbara will play a key role in providing advice and assisting clients with enhancing their Financial Crime Compliance (“FCC”) control frameworks in order for them to more effectively manage financial crime risk. She will also help guide the business strategy and growth plans for Plenitude. 

Tuesday, March 23, 2021 - 10:34
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/news/risk-management/plenitude-appoints-former-hsbc-managing-director-barbara-patow-senior-advisor
Financial IT
Who are Banks Competing Against in Payments Now?

For several decades, incumbent banks have held a comfortable leadership position in payments. But the rapid growth of digital payments has signalled opportunity for new market entrants to attack this status quo.

To develop effective strategies to stay ahead, incumbents must understand who their competitors are now, and assess how their strengths and weaknesses compare in the key competitive battlegrounds of data, trust, cost, innovation, scale and alternative payment methods.

Tuesday, March 23, 2021 - 10:26
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Financial IT
Boku (BOKU): Evolving to Address Wider E-Commerce Market

Boku reported strong results for FY20, with adjusted revenue and EBITDA growth of 20% and 106% respectively. The Payments business benefited from increased consumer demand during the pandemic, while the Identity business had a more difficult year. Trading year to date has been strong for both businesses and management is confident of meeting expectations for FY21. We have made minor changes to our FY21/22 forecasts. The evolution of the platform to address the wider alternative payments market provides upside potential to our forecasts and the share price.

Tuesday, March 23, 2021 - 09:27
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/news/e-commerce/boku-boku-evolving-address-wider-e-commerce-market
Financial IT
Lockdown Legacies: The 10 Shifts in Consumer Behaviour for Retailers to be Aware of

Exactly a year after the first national lockdown, new research from Barclaycard Payments, which processes nearly £1 in every £3 spent in the UK, reveals the 10 biggest shifts in consumer behaviour which have emerged as a result of the pandemic, and are set to outlive it*.

Tuesday, March 23, 2021 - 09:21
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Financial IT

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