Latest Konsentus Open Banking Tracker Highlights Growing Cross-border Activity and Payments Focus
- 8 months 3 weeks ago
- Payments
The Konsentus Q1 2024 TPP tracker reveals growth in European third parties regulated to provide open banking services outside of their domestic market and an increase in TPPs authorised to initiate payments on an account holder’s behalf. Key tracker findings (31st March 2024):
Mangopay Appoints Jonathan Greenland as Sales Director, Strategic Accounts UK&I
- 8 months 3 weeks ago
- People Moves
Mangopay, a modular and flexible payment infrastructure provider for platforms, has strengthened its team in the UK and Ireland with the appointment of Jonathan Greenland as a new Sales Director. Greenland joins to increase Mangopay’s market share through establishing relationships with key clients while maximising business opportunities.
Iraqi Fintech ZainCash Goes Live with Temenos Core Banking and Payments to Scale Digital Payment Services
- 8 months 3 weeks ago
- Payments
Temenos today announced that ZainCash, a subsidiary of March Holding and a leading payment service provider in Iraq, has gone live with Temenos core banking and payments to power the rapid growth and innovation of its digital payment services.
Zopa Enters £23 Billion Renewable Energy Market With Octopus Energy Deal
- 8 months 3 weeks ago
- Banking
Zopa Bank has entered the UK’s £23 billion renewable energy market, making its suite of fully regulated BNPL and retail finance products available to Octopus Energy customers across the UK. The deal will see Zopa finance the purchase and installation of Octopus solar panels for the energy giant’s millions of UK customers, spread out in up to 84 installments over 7 years. Octopus is the UK’s largest electricity supplier.
Jaja One of the first UK Fintechs to Launch a Gen AI Chat Assistant Using Anthropic’s Claude 3 Model Family on Amazon Bedrock
- 8 months 3 weeks ago
- Artificial Intelligence, Lending
Jaja Finance (“Jaja”) has today become one of the first UK fintechs to launch a Generative Artificial Intelligence (Gen AI) chat assistant using Anthropic’s state-of-the-art Claude 3 model family, accelerating the fintech’s journey to becoming the UK’s leading digital lender.
John J. Fawcett Appointed to Bread Financial™’s Board of Directors
- 8 months 3 weeks ago
- People Moves
Bread Financial Holdings, Inc. today announced that John J. Fawcett, a seasoned financial services executive, has joined the Company’s board as an independent director. Mr. Fawcett was elected at the Company's Annual Meeting of Stockholders, held Tuesday, May 14, along with nominees Ralph J. Andretta, Roger H. Ballou, John C. Gerspach, Jr., Rajesh Natarajan, Joyce St. Clair, Timothy J. Theriault, Laurie A. Tucker and Sharen J.
AU10TIX Risk Assessment Model Exposes Critical Vulnerabilities in Identity Verification Processes
- 8 months 3 weeks ago
- Digital Identity
AU10TIX, a global technology leader in identity verification and management, today launched a free Risk Assessment Model that enables businesses to conduct an initial assessment of their exposure to operational, security and identity fraud risk.
UK SMEs Poised for Growth, Yet Technical Expertise Gap Poses Potential Hurdle
- 8 months 3 weeks ago
- Infrastructure
While two-thirds (64 percent) of Britain’s small-medium enterprises (SMEs) report their business has not expanded in the last three years, this stunt in growth hasn’t impacted their sense of optimism. In fact, almost seven in ten (69 percent) say they feel their business has potential for growth if they can overcome certain barriers.
Alpian Experiences Rapid Growth, Closes Its CHF 76m Series C
- 8 months 3 weeks ago
- Fundraising News
Alpian, Switzerland's first premium digital bank, today announced significant milestones, including substantial growth, the completion of the last step of its pivotal Series C, totaling CHF 76M of which CHF 40M to be executed upon the regulatory approvals. This investment underscores confidence in Alpian's trajectory and will accelerate its growth and innovation in digital wealth management and banking services.
Middesk Joins the NayaOne Tech Marketplace
- 8 months 3 weeks ago
- Payments
The business identity platform, Middesk, has joined the NayaOne Tech Marketplace. Middesk helps banks, lenders, payments providers, and other financial institutions verify their commercial customers so they can onboard the right businesses and enable them to transact faster. Kyle Mack, CEO and Co-founder, Middesk:
Leap Financial and Mastercard Launch Embedded Remittances Services
- 8 months 3 weeks ago
- Payments
Adyen Powers Pasta Served Faster with More Payment Options at Vapiano
- 8 months 3 weeks ago
- Payments
Adyen, the global financial technology platform of choice for leading businesses, today announces its partnership with global Italian restaurant group, Vapiano.
Pension Savers Call for Transparency and Accountability in AI Practices
- 8 months 3 weeks ago
- Personal Finance
Pension savers are concerned over the risks Artificial Intelligence (AI) developments by tech giants Alphabet (owner of Google), Meta (owner of Facebook), and Amazon - could pose to society, as well as a lack of online content moderation, a PensionBee survey has revealed.
Building Societies Rank Highest for Customer Satisfaction but Are Failing to Convert Customers as Neobanks Grow Market Share
- 8 months 3 weeks ago
- Personal Finance
Building Societies are failing to convert high customer satisfaction rates into expanding their customer base, and risk losing market share within the younger demographic to challenger and neobanks with superior digital offerings, according to a new report from Moneyhub. Younger generations show a marked preference for Open Banking and Open Finance enabled interactions and to secure a future, Building Societies must align their offerings with...
Mastercard Accelerates Card Fraud Detection with Generative-AI Technology
- 8 months 3 weeks ago
- Security
As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem.
