The Paypers
JANUARY 18, 2022
The European Banking Authority (EBA) has published a Discussion Paper on its preliminary observations on selected payment fraud data under the Payment Services Directive (PSD2).
PYMNTS
JANUARY 18, 2022
The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. The purchase of Munich-based Bankhaus von der Haydt, established in 1754, is a vital step in its goal of creating “a regulated crypto products powerhouse in the heart of Europe,” said BitMEX Group CEO Alexander Höptner in a blog post.
CB Insights
JANUARY 21, 2022
Lummo , an e-commerce enablement and bookkeeping services provider, has raised $80M in a Series C. The round drew participation from Sequoia Capital India, Tiger Global Management, and CapitalG, among others. HOW’S THE COMPANY PERFORMING? Indonesia-based Lummo offers e-commerce enablement solutions and a bookkeeping app for SMEs. Lummo’s annualized bookkeeping transaction volume currently stands at $25.9B, and its gross merchandise value (GMV) grew 11x in 2021.
Axway
JANUARY 20, 2022
In our series, “Get to know the customer,” Axway focuses on getting to the heart of the people behind our customers in an informative behind-the-scenes Q&A. Last month, we profiled Scott Marshall, Director of Application Delivery Services at AmerisourceBergen.
Speaker: Jason Cottrell and Gireesh Sahukar
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 Paypers
JANUARY 21, 2022
US-based identity, payments, and data protection specialist Entrust has announced the completion of the Common Criteria evaluation of its Remote Qualified Signature Creation Device (QSCD).
PYMNTS
JANUARY 18, 2022
Last year saw workers around the world move out of survival mode and dedicate themselves to finding solutions to meet the needs of our new reality. Onbe CEO Bala Janakiraman expects that innovation to continue as more organizations embrace the digital transformation that working remotely requires. Read his thoughts in the PYMNTS eBook , “In a Word: 50 Thought Leaders Sum Up 2021.”.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Axway
JANUARY 19, 2022
Axway’s API Builder makes it easy to make Axway Amplify platform API calls from within a flow. This can be useful for implementing Unified Catalog custom API Subscription flows and Amplify Integrations.
The Paypers
JANUARY 17, 2022
Following a rather hot topic in the payments industry lately, Amazon has announced it will continue to accept Visa credit card payments in the UK.
PYMNTS
JANUARY 18, 2022
The U.K. Treasury said Tuesday (Jan. 18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. That includes the crypto billboards that have recently been spotted along the London subway system, the report says. “Research suggests that understanding of what crypto actually is is declining, suggesting that some users may not fully understand what they are buying,” the U.K
CB Insights
JANUARY 21, 2022
Handshake , an early career community and recruitment platform, has raised $200M in a Series F. The round drew participation from Base10 Partners, Coatue Management, and Valiant Capital Partners, among others. HOW’S THE COMPANY PERFORMING? San Francisco-based Handshake connects students and new graduates with employers and higher education institutions.
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Axway
JANUARY 18, 2022
The following article is an adapted transcript based on the audio recording of Season 2, Episode 8 of the Mr. Open Banking podcast. The audio version is available here.
The Paypers
JANUARY 19, 2022
Canada-based ecommerce company Shopify has signed a deal with China-based retailer JD.com to make it easier for US merchants to sell to consumers in China.
FICO
JANUARY 19, 2022
From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. Our five most popular posts of the year dealt with trade-based money laundering, non-fungible tokens, buy now pay later scams, courier scams and good old credit card fraud. Here are excerpts. TBML: What Is Trade-Based Money Laundering?
CB Insights
JANUARY 20, 2022
Juro , a contract automation platform developer, has raised $23M in a Series B. The round drew participation from Eight Roads Ventures, Seedcamp, Union Square Ventures, and Point Nine Capital, among others. HOW’S THE COMPANY PERFORMING? UK-based Juro enables users to automate contract management processes. The company caters to around 6K companies, including Trustpilot, Deliveroo, The Real Real, Quantum Scape, and Cazoo.
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Axway
JANUARY 17, 2022
Bpifrance ? is a French public investment bank, responsible for supporting entrepreneurs and keeping the French economy innovative and competitive. The organization finances sustainable and responsible growth and supports research and development initiatives. During the COVID-19 crisis, Bpifrance?
The Paypers
JANUARY 18, 2022
Data aggregation and analytics platform Envestnet | Yodlee has partnered with British pension fintech provider The Pension Lab to provide aggregated financial data to all employees looking to know more about their pensions.
FICO
JANUARY 17, 2022
In early collections, most customers will pay within a couple of days when nudged by a friendly reminder, such as text messaging. On the other hand, customers under financial stress should be spoken to sooner rather than later, so that there is sufficient time to resolve the problem and prevent accounts from rolling to later stages of delinquency. Ideally, minimal operational effort is spent on customers that are likely going to pay, so that expensive debt collection resources can be focused on
CB Insights
JANUARY 21, 2022
Personetics , an AI-powered customer engagement platform, has raised $85M in growth equity funding from Thoma Bravo, Lightspeed Venture Partners, and Sequoia Capital, among others. How’s the company performing? Israel-based Personetics enables financial services providers to deliver personalized experiences to their customers. Personetics caters to 120M bank customers via 80 financial institutions across 30 global markets.
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Axway
JANUARY 20, 2022
In our series, “Get to know the customer,” Axway focuses on getting to the heart of the people behind our customers in an informative behind-the-scenes Q&A. Last month, we profiled Scott Marshall, Director of Application Delivery Services at AmerisourceBergen.
The Paypers
JANUARY 18, 2022
France-based EBA Clearing has announced it will augment its payment system to process SEPA transactions around the clock and provide settlement results to participating banks in minutes.
Fintech Labs Insights
JANUARY 21, 2022
At FintechLab s we maintain a list of 21st-century fintech unicorns* updated constantly ( current list here ). In December, we added 7 new unicorns for a month-end total of 273. Their total market value is now $2.1 trillion, down $110B from last month. Unicorn count: Beginning (Dec 1) = 266. Plus: 7 born this month (see Table 2, below). _. Total (Dec 31) = 273.
CB Insights
JANUARY 20, 2022
Pinwheel , a payroll API provider, has raised $50M in a Series B. The round drew participation from GGV Capital, American Express Ventures, Coatue Management, and Franklin Templeton, among others. HOW’S THE COMPANY PERFORMING? New York-based Pinwheel helps fintech companies and financial institutions manage direct deposits, verify income and employment information, and streamline other payroll processes.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Axway
JANUARY 20, 2022
In our series, “Get to know the customer,” Axway focuses on getting to the heart of the people behind our customers in an informative behind-the-scenes Q&A. Last month, we profiled Scott Marshall, Director of Application Delivery Services at AmerisourceBergen.
The Paypers
JANUARY 19, 2022
UK-based Icon Solutions has released a new survey of global banks, ‘ Demistifying Request to Pay: An Industry Perspective ’, which shows that Request to Pay may challenge established payment methods.
The Paypers
JANUARY 20, 2022
Bitcoin mining company Griid has made a significant disclosure in December 2021: a deal with tech conglomerate Intel to provide it with hardware for crypto mining.
The Paypers
JANUARY 21, 2022
Amazon has announced its first clothing store, called Amazon Style, with the first location situated in the Los Angeles, US.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
The Paypers
JANUARY 19, 2022
Germany-based Smart Billing Provider aifinyo’s subsidiary aifinyo payments has received a license for financial transfer transactions (ZAG) from the Federal Financial Supervisory Authority (BaFin).
The Paypers
JANUARY 17, 2022
UK-based 7bridges startup, wanting to simplify supply chains using AI-based automation platform has announced USD 17 million in Series A.
The Paypers
JANUARY 20, 2022
ECOMMPAY , an international payment service provider with its own fintech ecosystem for business growth, has announced the expansion of its Open Banking capabilities to cover Romania, Spain, and Greece.
The Paypers
JANUARY 18, 2022
Switzerland-based structured investment products company Leonteq and banking group Swissquote have entered into a cooperation agreement for the issuance and distribution of structured products.
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