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Tuma Ventures Limited, the payments company regulated by the Financial Conduct Authority (FCA), has now secured approval as a licensed Payment System Provider (PSP) from the Bank of Tanzania. Having obtained the PSP licence, Tuma Ventures is able to offer a comprehensive suite of financial services in Tanzania, including real-time payment processing for merchants, mobile wallet solutions, and float management for other fintechs.
Regulations for digital commerce abound and mistakes can be costly. For example, neglecting to meet PSD2 requirements in the European Economic Area prevents your business from being able to process digital payments entirely. GDPR violations can range from 20 million, or $21. The post Global Payments Compliance: Everything You Need to Know appeared first on BlueSnap.
On Sunday 9 February, the Philadelphia Eagles will be taking on the reigning champs, the Kansas City Chiefs , in this year’s Super Bowl LIX, looking to exact revenge following their loss in 2023. As fans get their Super Bowl preparations in order, fintechs are also capitalising on the widely publicised event to promote their offerings through partnerships with the athletes.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
The Commonwealth Bank of Australia (CommBank) is expanding its collaboration with Amazon Web Services (AWS), after the two entities penned a five-year partnership for AWS to continue as the bank’s preferred cloud provider. Through this strategic partnership, CommBank aims to move a ‘significant percentage’ of its workloads onto AWS to simplify its technology environment.
Backbase , the engagement banking platform, is joining forces with Feedzai , the global leader in AI-native fraud prevention solutions, aiming to empower banks to tackle the growing challenge of digital fraud while maintaining seamless customer experiences. Through the collaboration, Feedzai will integrate its digital trust solutions with the Backbase engagement banking platform, enabling it to help financial institutions capabilities to protect, build trust, and improve their customers digital
Global payments company ACI Worldwide has teamed up with Banfico, a fintech specialising in regulatory technology, global account verification and open banking solutions. Through the partnership, ACI will support UK and European banks and payment service providers (PSP) to comply with mandates to offer Confirmation of Payee (CoP) and Verification of Payee (VOP) services.
Global payments company ACI Worldwide has teamed up with Banfico, a fintech specialising in regulatory technology, global account verification and open banking solutions. Through the partnership, ACI will support UK and European banks and payment service providers (PSP) to comply with mandates to offer Confirmation of Payee (CoP) and Verification of Payee (VOP) services.
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