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Over 200 submissions were received across six categories, with 175 entries in the corporate categories and 29 in the individual Fintech Mentor Award category. The company replaces traditional B2B payment methods (e.g. This holistic approach not only simplifies payments but also fosters stronger, more transparent vendor relationships.
This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.
It also extends across industries, enabling seamless integration of financial tools into everyday activities. Open banking also fosters innovation, as fintechs and third-party providers can develop new products and services through secure APIintegrations. Such hyper-connectivity is not limited to financial services.
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