Soldo physical and virtual cards now supports Google Pay in the UK and Italy 

Soldo, the leading European pay and spend automation platform, today launched Google Pay for customers in the UK and Italy.  

The integration with Google’s technology allows a Soldo physical or virtual card to be added to Google Pay mobile wallets on Android smartphones, enabling secure and seamless payments and convenient shopping experiences for Soldo customers for business spending from retail to travel. 

With Google Pay, Soldo’s 30,000 customers can make in-store and secure contactless payments, as well as online or in-app purchases everywhere that Google Pay is accepted.  

A virtual card can be instantly generated, made available to the employee via the Soldo app and immediately added to Google Pay to be used for physical transactions, while maintaining the same payment oversight and spend management controls for finance teams, which are a key strength of the Soldo platform. 

Google Pay is free for all Soldo customers and will be made available to all European markets during the year. 

Carlo Gualandri quotes:  

“As the world of payments and spending behaviours evolve, so too does the Soldo offering. We are delighted to announce our integration with Google Pay, which we know will enhance our customer’s user experience. We want to equip businesses with the tools for smart management of their day-to-day spending and we believe this marks a significant new chapter in Soldo’s growth story.” 

“The Google partnership is a really exciting milestone for the Soldo product, which demonstrates the ambitions of our technology. We know Google Pay will deliver on our customers’ expectations as well as expand our product reach. We are bringing the benefits of consumer technology to the business market.” 

The MiFID II unbundling exemptions in place for SMEs from 1 March 2022 are “unworkable”, according to many asset managers

Substantive Research, the research discovery and research spend analytics provider for the buy-side, today published findings of its latest survey on what the FCA’s changes to MiFID II’s unbundling rules, that came into force 1 March March 2022, mean for asset managers and their research providers.

In November 2021 the FCA released PS21/20, which set out the UK’s reforms to MiFID II’s research unbundling rules effective from March 1st 2022. The original rules that were in place from January 2018 had originally been deemed a success by the FCA, resulting in “investors in UK-managed equity portfolios saving around £70m in the first six months of 2018 across a sample of firms”.

But it’s also clear that competition amongst research suppliers has actually decreased following these changes, benefiting larger brokers who had the ability to subsidise their research departments and price low, versus independent research providers (IRPs) that have had to rely purely on research subscriptions. With the new reforms coming into force on 1 March 2022 the FCA tries to foster greater competition while also accepting that FICC research operates very differently to equity research. Finally, the FCA is also trying to address concerns regarding the sufficient provision of research covering SMEs in future:

In their words, their changes outline that they will:

• Exempt research on small and mid-cap listed or unlisted companies (SMEs) who have a market capitalisation below £200m from the inducement rules. This means that research on firms below this threshold could be provided by brokers to asset managers on a bundled basis (where asset managers make a single commission payment to brokers covering execution and research) or for free and would not constitute an inducement under our rules.

• Exempt third party research on fixed income currencies and commodities (FICC) instruments from the inducement rules allowing it to be provided on a bundled basis and would not constitute an inducement under our rules.

• Exempt research providers from our inducement rules who do not provide execution services and are not part of a group that includes a firm offering execution services.

But how have asset managers reacted to these changes, and what will they do in response? 

In January 2022 Substantive Research conducted a survey of 40 asset managers in the UK and their responses show a very muted welcome, in addition to frustration at the detail of the reforms, which make the unworkable for most:

1. 60% of asset managers will change nothing at all - the SME exemption is “unworkable” according to many. These firms had originally planned to at least rebundle their fixed income budgets in response to the FICC reforms, but the FCA has added certain caveats to these that mean that they now see this as also unworkable. 

2. 40% are looking to take advantage of the tweaks in certain areas, but none of them will change the way they pay and consume SME research as the costs of changing their processes outweigh any perceived potential benefits. 

3. Despite the complications perceived by the rest of their peers, 25% of respondents are either hoping or intending to change their fixed income research agreements in order to save money or repurpose it to other parts of the research and data budget. 

4. 35% of respondents will take advantage of the changes and relax the controls they have implemented regarding trialling new research. As long as a provider cannot provide execution services their investment teams will be able to trial IRPs as often as they wish.

Frustrations remain high

The overriding response from the survey universe has been irritation and frustration at the fact that macroeconomic research is not included in the FICC carve-out. In these new rules macroeconomic research remains a potential inducement to trade equities. Asset managers concede that macro research may sometimes be helpful to make decisions about equity trades, but they say in practice their brokers include macro as part of the FICC research offering, and fund managers do not reward macro research with equity trades so there was no problem there to begin with. 

Mike Carrodus, CEO of Substantive Research said: “This leaves asset managers with two complications - firstly (if the broker is happy to send FICC research to them for free) how to split out how much to pay for just the macro research, and secondly how to ensure that some macro research doesn’t slip through alongside any free fixed income research they receive”. 

Carrodus added: “The bigger asset managers are less interested in addressing these complexities in order to take advantage of this carve out - the savings may not outweigh the costs of implementing new processes - but small and medium size firms may give it a try. How their brokers respond is yet to be seen - not everyone wants to provide FICC research for free, and how to price a stand-alone macro product may become ridiculous at places which were pricing their whole FICC offering as low as possible whilst obeying the rules.”

The relaxation of rules governing research trials is more straightforward

If the provider doesn’t have a trading arm, UK asset managers can now read their research for free without breaking any rules. Before these changes an asset manager could only trial an independent provider once a year, and that included all parts of the asset manager and all products from the provider. In practice this has meant that asset managers have taken far fewer trials since MiFID II came into effect. 

This relaxation of the trialling rules for IRPs isn’t seen as a game-changer, but it is a welcome headache reliever for those asset managers that are keen to add to or rotate the research they use. Now, as before, it is simply up to the independent providers to decide how much of their product they wish to give away for free!

The big ‘but’: the SME liquidity problem is too deep and too complex for these carve outs to fix 

The FCA states in PS21/20 that the outcome it is seeking from these changes is “to increase the research coverage of SME issuers”, but the SME carve-out is the only one that no one in our survey is going to respond to. The benefits that the rule changes will bring in reality are an easier environment for independent providers to market their research, and modest fixed income budget savings for some firms on the buy side. 

Carrodus concluded: “It is understandable that the FCA is loath to create loop holes after having spent so much time and effort to make the research market more rigorous and transparent - but the SME liquidity problem is too deep and too complex for these carve outs to fix”. 

Survey universe: 40 asset managers - 75% long only, 25% HF - AUM range: US$2bn - £800bn.

 Napier, provider of leading anti-financial crime compliance solutions, has announced that former NatWest Group Head of Financial Crime Quality and Standards, William Monk, will become its new Chief Product Officer (CPO), while current CPO, Nick Portalski, moves to the role of Chief Solutions Officer (CSO). 

Monk’s experience in the finance sector includes stints at major high street banks including HSBC, Barclays and most recently NatWest. As Napier’s new CPO he will be leading the RegTech’s long-term product vision for next generation SaaS financial crime solutions. 

Julian Dixon, founder and CEO at Napier, said: “Having William on board to oversee our product innovation will not only bring us enormous clout, his unrivalled expertise will also help take Napier to the next level, building on the fantastic work that Nick has already done. Nick moves to a newly created client-facing role where we’ll be able to leverage his expertise in our technology to enhance our customer offering. This position was purposely formed to show our commitment to our customers, ensuring that we fully understand and deliver to their requirements.”

Portalski, one of Napier’s founders, said: “Napier’s rapid growth means we’re seeing our products being integrated into the AML processes of many varied financial organisations around the world. My new role will ensure they get the absolute best from our platform as we work together to deliver a joint vision of AML in the 21^st century.”

On his appointment, Monk commented: “Having worked on the frontline of anti-financial crime in banking for the past 15 years, I have direct experience of the challenges Napier's clients are facing. From rising technology costs to sub-optimal tools, processes and data management, and of course the rapidly evolving and ever demanding regulatory environment. I’m delighted to be taking on the role of CPO at Napier and to be working with a team who are equally passionate about delivering a product roadmap that will raise compliance technology to new levels, making a difference to the customers we serve.”

Napier’s AI-enhanced platform for intelligent financial crime compliance is the tool of choice for over 200 clients worldwide, including tier-one banks, payment providers, FX, crypto and other financial institutions. This news follows the recent appointment of Kevin O’Neill as CRO and an upscaling of operations across EMEA, APAC and North America. 

Three day FinTech Festival India is being held between March 1-3; organized by Constellar and supported by Niti Aayog and six central ministries

Discussions to revolve around CBDCs, De-Fi, Data Analytics, RegTech, Lending

FinTech Festival India, the country’s largest FinTech event is underway with its digital edition between March 1 and 3, organized by Constellar Exhibitions (a subsidiary of TEMASEK and Singapore Press Holdings which organizes Singapore FinTech Festival) and supported by Niti Aayog and six central government ministries.

Speaking at the conference, Airtel Payments Bank’s CEO, Anubrata Biswas said, “With high margin low value and low margin high value products, embedded finance makes a strong play. However, couple of things one has to take into account are the cost and speed of the transactions. Instead of transacting at the speed of technology, FinTech organizations should aim for transacting at the speed of thought.”

Upasana Taku, Co-Founder, Mobikwik said, “Digital ecosystem has started making its hold in India in the last decade. Today we have 200 million Indians transacting digitally, and the number is expected to grow to 700 million in the foreseeable future. Mindset of users have changed rapidly, and in the last few years small finance banks have gained pace. Customer mindset is less linked to the technical framework but more to the service and feasibility of the tool.”

Taking about SME credit, Aditya Murthy, VP – Digital Partnerships, Mastercard said, “Indian retail size is sitting at around USD 700 billion, headed to USD 1.2 trillion in the next two to three years. For that to happen, powering SMEs with credit will be crucial.”

Sandeep Laxman, Head FinTech Business Development, Asia Pacific & Japan, Amazon Web Services said, “FinTech has grown really fast in the past few years. The amount of funds FinTech have raised is tremendous. India raised USD 3.2 billion in the year 2020 and raised USD 10.1 billion in 2021. On the other hand, Asia Pacific Japan, in 2020 raised USD 10.8 billion and USD 20.8 billion in 2021. Number of funding rounds has also increased rapidly. In 2020, 759 FinTech organizations were funded which grew to 895 organizations in 2021.”

The three day digital conference is being  attended by some well-known stalwarts such as Suhail Sameer, Chief Executive Officer, BharatPe, Sonal Kapoor, Director - Financial Services, Flipkart, Vikas Bansal, Director, Amazon Pay India,  Sabyasachi Goswami, Chief Business Officer, Perfios and Siddharth Dhamija, Chief Growth Officer, Signzy; amongst others.

The digital conference will be followed by the Physical Edition from 20^th to 22^nd July, 2022 at Pragati Maidan, New Delhi.

FinTech Festival India is the country’s largest FinTech confluence. It is witnessing participation from over 500 Indian and global leaders and 12,000+ delegates. Representatives from Brazil, Israel, UK, Russia, Canada, Finland, Japan, and Singapore among others also attended.

The conferences are being supported by Government of India’s Ministry of Finance, Ministry of Electronics & Information Technology (MeitY), Ministry of Small & Medium Enterprise (MSME), The Agricultural and Processed Food Products Export Development Authority (Ministry of Commerce and Industry), Broadcast Engineering Consultants India Limited ( A Government of India Enterprise – Under Ministry of Information & Broadcasting) and Startup India (Department for promotion of Industry and Internal Trade & Invest India). It has also received support from the Government of Tamil Nadu, Government of Karnataka and Electronics Corporation of Tamil Nadu Limited (ELCOT).

Earlier FinTech Festival India organized physical and digital format Micro Experience Conferences in Hyderabad, Bengaluru, Delhi, Chennai, Mumbai, Gift City (Ahmedabad) and Pune.

In addition to the government, FFI which aims to unleash the power of FinTech across the country, has also drawn interest from industry including Powered By sponsor CoinSwitch Kuber, Gold Sponsors Life Insurance Corporation of India (LIC), Bharat Pe, Moengage & Rapuder Cloud Solutions, Silver Partners Amber Group, CM.COM, Dubai International Financial Centre (DIFC) Authority, & Nucleus Software, SafeXpay & Zimpeium, Sales acceleration partner Vymo, Payments partner In-Solutions Global Ltd., Identity verification partner IDFy, Bronze partners Morningstar and digital edition partner JuicyScore.

The UK’s e-commerce market, already the world's third-largest, is forecast to grow by nearly 26 percent through 2025 to reach over £260 billion in transaction value, according to a new report released today from financial technology leader FIS^® .

The 2022 Global Payments Report by Worldpay from FIS examines current and future payments trends across 41 countries in 5 regions. Regarding 2021, the report found the shift to online continued with 13.9 percent growth in global e-commerce, while the 13.4 percent growth in point-of-sale (POS) transaction value reflects the steady recovery from the impacts of the COVID-19 pandemic.

e-commerce Payment Trends

The Worldpay from FIS report found:

• The e-commerce market in the UK is projected to increase by nearly 26 percent between 2021 and 2025 to over £260 billion.
• Digital wallets (32.3 percent) accounted for the largest share of UK e-commerce transaction value in 2021, followed by credit/charge cards (26.9 percent) and debit cards (23.9 percent).
• Digital wallets are projected to maintain their crown as the most popular online payment method, accounting for 34.5 percent of e-commerce transaction value by 2025.
• BNPL accounted for nearly £13 billion of UK e-commerce spend in 2021 and is projected to exceed £16 billion in 2022.
• BNPL is also the UK's fastest growing online payment method and is projected to double in value by 2025 to account for 12.1 percent (nearly £32 billion) of UK e-commerce spend.

POS Payment Trends

The Worldpay from FIS report found:

• The UK's POS market is projected to increase by 23.3 percent between 2021 and 2025 when it is projected to account for £1.2 trillion in transaction value.
• Mobile wallets and BNPL are the fastest growing payment methods at POS in the UK and are projected to account for 14.7 percent and 5.3 percent of in-store transaction value respectively by 2025.

“According to the study, much of the pandemic-driven shift to digital payments has now been normalised across the UK, making the opportunity for many e-commerce businesses larger than ever before,” said Pete Wickes, EMEA General Manager, Worldpay Merchant Solutions, FIS. “As more consumers see the benefits of alternative payment methods (APMs), businesses must find ways to innovate and create technology-centric strategies to meet the diverse needs of their customers.

“The study shows that the UK is now entering a new phase of adoption of BNPL and digital wallets. While installment payments are not a new concept, both banks and merchants can no longer ignore the fact that consumers are seeking out BNPL as a more affordable and convenient alternative to credit cards.”

To download the complete report, including the methodology, please visit https://worldpay.globalpaymentsreport.com/

PPRO launches report to help American businesses maximize their chances of success as they enter new markets.

PPRO, the leading infrastructure provider for local payment methods, released its latest report which takes a look at the global e-commerce market in 2022 and how American businesses can maximize their efforts as they enter new global markets.

To bring US goods and services to a global market, merchants must know how to adapt and localize, including the opportunities and payment methods unique to the regions and countries into which they plan to expand. Considering 80% of consumers will abandon a transaction if they reach the checkout and cannot find a payment method they know and trust, it’s clear that to ensure maximum consumer acceptance and the best possible conversion rates, a site must offer a range of familiar and trusted local payment methods. To better understand this challenge, PPRO’s report provides comprehensive research on international payment methods, trends and cultural insights to help payment companies, merchants and retailers break into the global e-commerce market.

“US merchants and retailers need to understand that in order to compete with international brands, they need to prioritize the customer’s preferences when it comes to payments,” said Claire Gates, CCO at PPRO. “The global e-commerce market is booming and if US merchants want a chance to be top players, they need to be agile enough to evolve with the current payment ecosystem to expand into new regions and win new customers.”

Key findings from the report include: 

• Consumers need retailers to care about their preferences. A recent study found that between 35% and 45% of what a consumer regards as a “good service” is contingent upon that person’s culture and background. The more a merchant’s digital channels feel authentic to the shopper’s language and local culture, the more likely that shopper is to complete the transaction. However, localization in this context is far broader than simply translation, important as it is. It means optimizing every aspect of your site and your apps to meet local needs and preferences. While the e-commerce world is more interconnected than ever, localized strategies will always win out.  
• Your alternative is their normal: why local payment methods matter. Almost seventy percent of Americans have a credit card, but globally this is true of only 18% of consumers. According to PPRO’s own research, up to 80% of consumers will abandon a transaction if they reach the checkout and cannot find a payment method they know and trust. To ensure maximum consumer acceptance and the best possible conversion rates, US merchants must offer a range of familiar and trusted local payment methods. 
• American brands are strong. The good news is that American merchants are competing effectively in these growing cross-border markets. Asked where they bought their last cross-border purchase, 50% of Mexican shoppers, 47% of South Korean, 29% of Japanese, 28% of Australian and Indian shoppers and 20% of Brits all say it was from the United States. As the global cross-border market grows, so do the opportunities: untapped regions and consumer groups that are participating in e-commerce for the first time are a ripe target for merchants, especially because of the acceleration of online shopping during the pandemic. If US online marketplaces, brands and stores want to make the most of these opportunities, they have to be prepared to compete in today’s rapidly changing market. And the competition is fierce.

To learn more about PPRO and access the report, visit ppro.com. 

Tuum, the next-generation core banking platform, today announces that it has been selected by LHV UK, the fintech-focused bank and payment services provider, to provide the core infrastructure for the entirety of LHV UK’s banking operations.

LHV UK provides banking infrastructure and payment services to more than 200 financial services companies, such as Airwallex, Coinbase, Railsbank and Wise, with over 10 million end-customers globally. LHV UK is the only provider currently capable of allowing customers to make both instant GBP and EUR payments directly, and is the founding member and leader in instant EUR payments, with its clients processing 8% of the total SEPA transactions in Europe.

By selecting Tuum to handle all core banking capabilities, LHV UK can free up internal resources to focus on the development of value-added services. Leveraging Tuum’s technology and expertise, it will benefit from increased flexibility in serving its customers, while simultaneously expanding its product offering.

​​Erki Kilu, CEO of LHV UK, comments: “In October last year Tuum entered into a partnership with LHV UK and thereby gained access to our instant EUR and GBP payments and banking account services. Now LHV UK has chosen Tuum as our core banking provider and I look forward to further strengthening our relationship.”  

Rivo Uibo, CBO & co-founder of Tuum, comments: “LHV is already one of the most tech-savvy and digitally advanced banks on the market, so I feel immensely proud of the trust they have placed in us to handle their core banking needs. Tuum was selected from an incredibly competitive pool of global service providers thanks to the platform’s broad functional coverage and our flexible approach to problem solving.

This deal is a perfect illustration of a point we at Tuum have frequently made; collaborating with core banking infrastructure providers is invaluable for banks in freeing up internal resources to focus on competitive product offerings. LHV UK epitomises the banks of the future, with open architectures and exciting new business models.”

Tuum's signing of LHV UK is another testament to the company's rapid growth in the UK and global markets. Last month, Tuum announced it had closed a €15m Series A funding round to support its product development and international expansion, further cementing its place as a technical leader in the core banking market.

• Precisionpay Go virtual Visa cards enable employees to make face-to-face and online payments with Apple Pay
• The Precisionpay Go app for iPhone and iPad is now available for use outside the United Kingdom, allowing employees to pay in Pound Sterling, Euro, and US Dollar
• The virtual card solution brings convenience, flexibility and speed to hybrid workforces, and will give businesses increased control and visibility of employee spending

Barclaycard Payments has enhanced its offerings for Precisionpay Go customers, enabling them to now add a Precisionpay Go virtual Visa card to Apple Pay* and use it to seamlessly and securely pay for business-related expenses.

The Precisionpay Go app for iPhone and iPad is accessible to both new and existing business customers and is available for use and deployment by organisations in a host of countries**, and employees will be able to pay for online business purchases in Pound Sterling, Euro, and US Dollar.

As modern ways of working continue to evolve, employees increasingly need to make ad-hoc business-related payments, whilst on the move, on different devices and in a range of online and face-to-face-settings, whether that be when travelling, booking accommodation or buying supplies. Using a Precisionpay Go virtual Visa card with Apple Pay enables quick and easy payments by removing the requirement to carry physical cards when paying in-store, while also reducing the time needed to fill out expenses.

The solution comes as new research by Barclaycard Payments, reveals that more than three quarters of corporate businesses in the UK (80 per cent) and SMEs (76 per cent) now accept payments through digital wallets***, demonstrating the demand to pay with virtual methods in favour of more traditional cards.

With the Precisionpay Go app, employees can request a virtual Visa card to use for business expenses. Once approved by the business, the virtual Visa card can quickly and easily be added to Apple Pay, allowing them to make payments on the iPhone, iPad or Apple Watch immediately.

Precisionpay Go with Apple Pay, allows users to make face-to-face payments with a range of businesses instantly, without needing to go into the office. To pay in-store, customers simply hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. It also enables a safer way to pay, as every Apple Pay purchase is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.

Barclaycard Precisionpay Go allows users to:

• Streamline business travel: As more workforces operate remotely rather than from one central office, Precisionpay Go allows UK and international businesses to deploy cards for single or ad-hoc use. Employees can access virtual payment cards through Apple Pay app on iPhone, iPad or Apple Watch, helping to make expenses easier to manage and report, with the ability to group expenses from a trip or project together.
• Speed up B2B payments: Paying for business services or products online, or when working remotely has never been a smooth process. Precisionpay Go allows businesses to approve ad-hoc B2B payments whilst employees are on the move.
• Increase visibility of business payments: Traditionally, businesses don’t have a holistic view of company spending until after the expenses have been submitted. By implementing Precisionpay Go, businesses will have visibility of spending as soon as a payment is made.
• Reduce environmental impact: By implementing virtual cards and digital processes, companies are able to reduce plastic and paper usage by making virtual transactions.

Marc Pettican, President, Barclaycard Payments said: “As hybrid working becomes the norm, businesses must ensure they have the right tools in place to support their workforce.

“Precisionpay Go has been designed to save companies and their employees time and resource. It responds to employees’ increased demand for convenience in the workplace, with innovative payment technology that they are used to using in their everyday lives.

“While e-commerce payments soared during lockdowns, our data shows that face-to-face payments using digital wallets and contactless payments are edging their way to the top, so businesses need to ensure they are providing a solution that caters to online and on-the-go payment options.”

Cathy Dargue, Client Director, UK & Ireland, Visa said: “We are proud to be supporting Barclaycard with this evolution of Barclaycard Precisionpay Go. The new digital experience will not only make it easier for employees to pay for expenses, the virtual Visa cards will also create efficiencies for companies to improve the expense process by giving them greater control and visibility, while meeting the demands of a hybrid workforce.”

 Today, Detected, the critical infrastructure component for global KYB compliance, announces it has raised an additional £1.5 million in just three weeks, adding to £2 million seeded in previous funding rounds. 

Since being founded in July 2020, Detected has grown significantly following three other successful funding rounds and a string of successful partnerships, including with VISA, stemming from its value in the payments stack. 

This funding round was led by Love Ventures with their FinTech Advisor John Lunn, a renowned veteran of the FinTech world. In 2006 John joined PayPal as one of the original team members in the UK and subsequently helped to launch PayPal Ventures. He is now CEO of Gr4vy, the cloud orchestration platform, and will play an advisory role to assist with the company’s growth.

Detected transforms KYB compliance into a competitive advantage, by streamlining lengthy onboarding processes that deter new clients, while equipping businesses to adhere to rapidly changing regulatory demands. Its founder, Liam Chennells, noticed a significant gap in company data while working to transport cargo during the pandemic. He found it either very time consuming or impossible to find reliable information. Shortly after, he founded Detected so that other businesses could find information about any company, anywhere, in a matter of seconds. 

Using its unique ‘Find Company’ algorithm, Detected can find and verify any registered company in the world, using just the company name and city. Companies can search and locate business credit, corporate and director information from around the globe in seconds. From there, ID verification, UBO information and company documentation can all be gathered and linked to the business’ profile. The platform also uses advanced APIs so any business can seamlessly plug in the software and add the infrastructure into their existing workflow. 

Liam Chennells, Chief Executive Officer of Detected, explains, “Detected can find any legitimate company in the world instantly. KYB is currently seen as an operational hurdle when it should be an asset, and our technology is steering that shift. Detected gives businesses full visibility of any entity they want to work with, significantly reducing the friction involved in onboarding suppliers. In that way, it can help stimulate business activity, especially when working with clients, suppliers or partners in emerging markets.”

John Lunn, Fintech Adviser at Love Ventures, says, “I’m most impressed by companies who solve highly complex challenges and present their solutions in a simple way. Detected is a category creator, they’ve set the standard for what KYB means and I couldn’t be more excited to be involved.” 

Chennells says, “I’m pleased with what we have achieved in 18 months and am excited about what lies ahead. Our partners already include payment service providers, marketplaces and fintech providers, however the sectors this technology can benefit are limitless.”

Detected continues to commit to and deliver for investors from previous funding rounds including: 

• Huw Slater - COO of TravelPerk
• Laurence Guy - Founder and CEO of We Are Pentagon
• Tink Taylor - Founder & President of dotMailer and Founder of dotDigital Group plc
• Ed Hill - SVP EMEA of Bazaarvoice
• Maropost Ventures
• Stephen Garland - Chief Technology and Product Officer of TrustPilot
• Rob Barnett - former Chief Operating Officer at RBS and Managing Director at Southern Water