Ixaris Opens Payments Cloud Platform in London

Ixaris Opens Payments Cloud Platform in London
07.03.2017 10:00 am

Ixaris Opens Payments Cloud Platform in London

Platform Technology , Cloud

Ixaris Technologies will open its Open Payments Cloud platform to developers at a hackathon hosted by Rainmaking Innovation in London between 7 and 9 April.

Participants in the hackathon will be entered into the OPE Live Innovation Challenge for a chance to win a cash prize for best commercial payment innovation, as well as engineering and marketing resource to take the winning commercial payments solution to market.

The OPC Hackathon has been scheduled to coincide with Innovate Finance Global Summit, which also takes place in London (10-11 April); hackathon prizes will include tickets to the summit as well as cash prizes.

The OPC is the primary outcome of the Open Payments Ecosystem (OPE) project which was conceived to drive innovation in commercial payments by making access to banking and payments infrastructure easy for developers and safe for financial institutions. The project - financed by the EU Horizon2020 programme - is an initiative led by commercial payment innovator, Ixaris Technologies, in association with Visa, Locke Lord, Rainmaking Innovation, IDT Finance and the University of Malta. 

The OPC is designed to bring under a single publicly-accessible platform a diverse set of Payments APIs, which are emerging as a result of industry initiatives to open up payments. Such as:
• New Payment Services Directive (PSD2)
• The UK Competition and Markets Authority’s Open Banking remedy
• And various developer APIs released by the card schemes Visa and MasterCard. 

In addition, independent payment services providers, including many of the UK’s Fintech firms active in payments would also be able to offer their APIs via the OPC as well as access other APIs to enrich their services.

“The Open Payments Cloud is a fully compliant, cloud-based platform which has been specifically created to provide a safe and secure environment for developers to build solutions to re-shape business-to-business payments. Commercial payments are still dominated by inefficient, manual processes and limited use of automation,” says Alex Mifsud, CEO of Ixaris Technologies.

Mr Mifsud explains: “The objective of the OPC is to inspire much-needed innovation in commercial transactions - a global market estimated to be worth more than $290 billion in revenue - and identify the role that technology can play in helping business and the banking industry improve payment integration, enhance efficiencies and improve transaction times.”

Related News

EQ launches CheckSafe

EQ, an international technology-led services and payments specialist, is pleased to announce the launch of its new employee background checking platform,... Read more »

Mastercard rolls out new business intelligence platform for European banks

Mastercard today announced the launch of Market Trends, an interactive platform providing a comprehensive view of payments insights, competitive intelligence... Read more »

Mphasis Digital Risk leverages Mendix low-code platform to enable fast, effective digitalization for the financial services industry

Mendix, a Siemens business and the global leader in enterprise low-code, today announced that... Read more »

Twenty7Tec Group signs agreement with Primis

Twenty7Tec, a leading provider of technology solutions to the mortgage industry, today announces that it has entered into a five-year agreement to provide its... Read more »

Diginex strengthens partnership with Itiviti and leverages Tbricks Automation Platform for institutional cryptocurrency clients

Itiviti, a leading technology, and service provider to financial institutions worldwide, today announced... Read more »

Omio launches Open Travel Index to help navigate new travel era

Following the FCO’s downgrading of advice regarding non-essential travel on Friday 3 July, and confirmation of ... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel