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Enabling the PSD2 Strong Customer Authentication While Keeping A Seamless User Experience

In 2015, the Payment Services Directive (PSD2) was passed by the EU aiming to provide consumers and businesses with an easier and safer way to manage their online payments. 

To do this, PSD2 intended to break down banks’ monopolies on user data by introducing new services as intermediaries between the users and tha banks, as well as demanding strong customer authentication (SCA) which has caused many frustrations among businesses.

Monday, February 14, 2022 - 10:41
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Financial IT
Top 50 US Bank Completes Core Transformation with Temenos

Commerce Bank goes live on Temenos core banking platform to reimagine banking for the digital era

Temenos, the banking software company, today announced that Commerce Bank has gone live with Temenos core banking platform. This milestone completes Commerce Bank’s modernization project to move from its legacy systems for deposits to a modern, agile and open platform tailored for the US market.

Monday, February 14, 2022 - 10:05
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/news/banking/top-50-us-bank-completes-core-transformation-temenos
Financial IT
Regulators Signal Tougher US Bank-merger Reviews Ahead

US regulatory agencies announced new steps this week for their reviews of proposed bank mergers.

Monday, February 14, 2022 - 10:00
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/news/banking/regulators-signal-tougher-us-bank-merger-reviews-ahead
Financial IT
3S Money partners with ClearBank to boost international trade

3S Money, the UK bank challenger, has partnered with ClearBank, the cloud-based clearing bank, to offer multicurrency accounts to its retail and corporate clients for the first time, to support their international growth and that of their end users.  

Monday, February 14, 2022 - 09:33
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/news/banking/3s-money-partners-clearbank-boost-international-trade
Financial IT
Former Temenos and Avaloq Managing Director Appointed to Support additiv’s Embedded Finance Business
additiv, a leading embedded finance provider to the wealth management industry, today announces that Martin Frick, former Managing Director at Temenos and Avaloq in Asia Pacific, has joined additiv’s senior management team.  
 
Martin brings over 30 years of experience in the financial services industry to his position as  Chief Growth Officer at additiv which will focus on growing their already established embedded wealth  business.  
 
Monday, February 14, 2022 - 09:26
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/news/wealth-management/former-temenos-and-avaloq-managing-director-appointed-support-additivs
Financial IT
Barclays Calls for More Robust Regulation of All Buy-now-pay-later Products
  • A quarter of BNPL users are concerned about their ability to repay their BNPL bills
  • Over a third chose to pay with BNPL due to insufficient funds in their current or savings account
  • Nearly a fifth of 18–34-year-old BNPL users have had their credit score impacted due to missed BNPL payments
  • The average BNPL user is paying off £293 in BNPL loans, and almost half have had loans from different BNPL providers at the same time
Monday, February 14, 2022 - 09:03
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/news/payments/barclays-calls-more-robust-regulation-all-buy-now-pay-later-products
Financial IT
Geopolitics Has Put Bitcoin to the Test This Week – What Happens Next?

Geopolitical issues, including the heightening Ukraine-Russia tensions, will drive Bitcoin’s increasing mass adoption and higher values this year – despite a 5% drop in the last 24 hours.

The prediction from Nigel Green of deVere Group, the CEO of one of the world’s largest independent financial advisory, asset management and fintech organisations, comes as more than 100,000 Russian troops mass on the border with Ukraine and global leaders try diplomatic efforts to avoid war between the two countries.

Monday, February 14, 2022 - 08:37
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Financial IT
SEON Celebrates Becoming World's Fastest Growing Fraud Prevention Company

Please tell us about SEON. What does the company do?

SEON is using Artificial Intelligence (AI) to redefine what it means to fight online fraud. Since starting in 2017, we have developed our solution into a revolutionary AI fraud prevention platform. 

Monday, February 14, 2022 - 08:29
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/publications/product-reviews/seon-celebrates-becoming-worlds-fastest-growing-fraud-prevention
Financial IT
Bizongo Concludes Maiden Buyback, Liquidates ESOP Worth $3.7 Million

~70% of all eligible former and current employees liquidated their ESOPs~

~The soonicorn offered employees ESOP at different stages of their tenure with the company~

B2B e-commerce and supply chain enablement platform Bizongo has announced the completion of its first Employee Stock Ownership Plan (ESOP) monetization program worth $3.7 million. While 102 of Bizongo’s former and current employees were eligible for the buyback, only 70% of employees opted to liquidate ESOPs from the pool worth $4.8 million.

Monday, February 14, 2022 - 08:24
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/news/e-commerce/bizongo-concludes-maiden-buyback-liquidates-esop-worth-37-million
Financial IT
PayRetailers Enters 2nd year of Successful Partnership With the CONMEBOL Sudamericana

In 2022 PayRetailers will continue as an Official Sponsor of CONMEBOL Sudamericana for the second consecutive year. The partnership reaffirms the innovative PSP platform’s presence in Latin America, consolidating its leadership in cross-border payment processing in the region.

Solid infrastructure in Latin America

Monday, February 14, 2022 - 08:05
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/news/payments/payretailers-enters-2nd-year-successful-partnership-conmebol-sudamericana
Financial IT

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