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Credit Agricole and Wirecard Forge e-payment and Acquiring Partnership

Crédit Agricole Payment Services and Wirecard announced today that they have signed a letter of intent to enter into exclusive negotiations to conclude a partnership to offer an innovative and differentiated service offering based on a high-performance technology in the field of electronic payment acceptance and acquiring.

The goal will be to launch a range of cross-channel acceptance and pan-European acquiring offerings for French merchants and marketplaces in France and abroad.

Monday, December 11, 2017 - 09:56
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More Than Half of Consumers Moving Away From Traditional Banking​

Digital banking is growing in popularity with 53% of consumers using or willing to move to an online or mobile only bank — 27% have moved already, while 26% are considering the switch. This is according to research commissioned by Relay42, the leading data management platform (DMP) company that empowers marketers to orchestrate customer journeys. 

Monday, December 11, 2017 - 07:59
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Seizing on Stress Testing’s Strategic Potential: A Global View From Wolters Kluwer

Stress tests approached in the right way can play an important strategic role and contribute to a bank’s business performance. That’s according to Wolters Kluwer’s Finance, Risk & Reporting experts from across EMEA, APAC and North Americas. Here Sarfaraz Ahmed, Xavier Dubois, Bart Everaert, and Jeroen Van Doorsselaere) explain for Financial IT how devising the right technology infrastructure can ensure stress tests are used strategically.

Monday, December 11, 2017 - 07:55
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Japan's Aeon Bank Selects Mofiria for Biometric ATMs and Teller Windows

Aeon Bank Ltd., a Japanese new style bank, has announced that they had introduced a whole new biometrics authentication system to their ATMs and teller windows, which allows the customers to do any bank transactions without using a bank card nor entering PIN number. 

Enabling any transactions with identity verification using biometrics only is the first trial in Japan.

Monday, December 11, 2017 - 06:27
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PAIR Finance Raises € 4,5M and Wins New Strategic Investors

The Berlin-based Fintech company PAIR Finance raised €4,5M in series A funding from strategic investors and financial investors. Among others, Zalando, Hitfox Group and a prominent selection of business angels from the German industry participated in the funding round (some being Maximilian Zimmerer, former management board member of Allianz and Marc Stilke - former CEO of Immoscout). Existing investors like the Company Builder FinLeap, yabeo Capital and Ey Ventures confirmed their trust in PAIR Finance with renewed investments into the company.

Monday, December 11, 2017 - 06:22
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Nanopay Reveals B2B Payments Platform

Nanopay Corporation, a real-time payment platform that provides instant settlement across a variety of currencies, is announcing a new solution to enable international trading partners to easily and securely process B2B payments between bank accounts. 

In addition to domestic payment opportunities in Canada, users can begin using the platform in February for business cross-border payments between the United States and Canada, with India and China to follow in Q2 2018.

Monday, December 11, 2017 - 06:18
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China's UnionPay Supports the Upgrading of the Payments Industry Abroad

Nowadays, China's financial technical standards have become an important impetus for the upgrading of the payments industry abroad. The payment switch networks in Serbia, Belarus and Tajikistan are being built or upgraded as per the UnionPay standards. More than ten countries including Albania, Bulgaria and Tanzania have expressed their wish to have UnionPay help them build up payment switch network.

Monday, December 11, 2017 - 06:15
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Appsolutely Launches Token Generation Event (TGE) for its Blockchain-backed Loyalty Platform

Appsolutely, the leading blockchain loyalty system and creator of LoyalCoin, today announced the launch of the Token Generation Event (TGE) for its LoyalCoin (LYL) digital token. LoyalCoin is the token that powers the blockchain-backed LoyalPlatform, which allows users to redeem points from any participating brand, anytime, anywhere.

Monday, December 11, 2017 - 06:10
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Mastercard Launches Kionect for Nairobi’s Smallest Shopkeepers

Mastercard today unveiled Kionect, a digital ordering system that empowers small kiosk owners in Nairobi to order and pay for products from wholesalers via SMS. Orders submitted via a feature phone helps create a digital record for kiosk owners to get access to micro-loans to stock inventory and grow their business. 

Monday, December 11, 2017 - 06:04
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2018 Predictions from Sudhesh Giriyan
  • Africa may just have the first fully crypto-currency country

Following in the successful footsteps of M-Pesa in Kenya, there is a possibility that an African country may embrace crypto-currency as an official currency for their nation. Due to its convenience and protection, it could be an alternative to cash, particularly in the fight against fraud. The infrastructure within Africa lends itself to this development more so than anywhere else, the only question will be, which country will be the one to go for it first?

Monday, December 11, 2017 - 05:55
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