Konsentus launches Open Banking Exchange

UK, 5 May 2021:  Konsentus today announced the launch of its open banking international membership programme, Open Banking Exchange.   Open Banking Exchange has been established to leverage the past achievement and know-how of Open Banking Europe (OBE), to enable open banking and open finance around the world.   The European success of OBE generated a global […]

IXOPAY partners with Volt to support open payments in Europe

Volt integration offers IXOPAY merchants access to account-to-account payments across Europe from one connection London, UK, 5 May 2021: Payment orchestration platform IXOPAY and Volt, the leading open payments gateway, today announced a new partnership that will give IXOPAY’s merchant clients another option to accept PSD2-compliant Open Banking payments through its payment orchestration platform. IXOPAY […]

PSD2 – Does it really have an impact on conversion?

PSD2 – Does it really have an impact on conversion?

Strong Customer Authentication (SCA), which PSD2 requires for card payments in e-commerce, is now mandatory. The last transition periods for implementation have expired in many European countries. This is a good time for an assessment.

This fintech solution helps African refugees store and send money

As refugees flee across land borders in Africa, carrying money is a challenge, both virtually and in person. Leaf——a winner of Fast Company’s 2021 World Changing Ideas Awards—uses the blockchain to help, even if they don’t have a smart phone. Mobile money is a digital wallet technology that allows cash to be stored on standard, […]

Clubhouse Tests Out Direct Payments to Content Creators

Online content creators are always searching for ways to monetise content, and rightfully so. A substantial amount of effort goes into producing online content. And more and more people are recognising creators’ efforts and supporting them financially. New social media darling Clubhouse has recently decided to support its content creators by launching a direct-to-user payments system in association with Stripe. Unlike […]

Littlepay – Move to open loop payments begins on Finland’s city transport

First phase of multimodal contactless transit payment system in Finland’s capital underway In Tampere, tap-to-pay begins on buses, with a rollout to the tram network planned  Press release, London, May 4, 2021:  Today, Littlepay announces the launch of open loop payments on public transport in Finland’s capital Helsinki and its second largest urban area, the […]

Wealthsimple raises C$750m

Canadian fintech Wealthsimple has hit a C$5 billion valuation off the back of a C$750 million funding round led by Meritech and Greylock. DST Global, Sagard, Iconiq, Dragoneer, TCV, iNovia, Allianz X, Base 10, Redpoint, Steadfast, Alkeon, TSV, Plus Capital, plus celebrities Drake, Michael J Fox, Ryan Reynolds, Kelly Olynyk, Dwight Powell, and Patrick Marleau […]

Paxos raises US$300m for blockchain infrastructure platform

Labeling itself as the first platform of its kind, Paxos’ vision is to create the foundation for a “new, open financial system” capable of operating faster, more efficiently, and with greater inclusivity on a global scale. It is achieving this through a combination of turnkey APIs, regulated token asset exchanges, and blockchain-based settlements for institutions. Officially […]

German challenger Vivid Money raises EUR60m

Berlin-based mobile banking app Vivid Money has raised €60million in a Series B funding round led by Greenoaks and joined by existing investor Ribbit Capital. The round gives Vivid, which was founded in 2019 by Artem Yamanov and Alexander Emeshev and has backing from Russian giant Tinkoff Bank, a €360 million valuation. Launched in Germany […]

Why Fintech is the Biggest Driver of Financial Inclusion

The role of financial inclusion in reigniting the global economy in a post-pandemic world cannot be understated Ensuring universal access to financial products and utilities features in eight of the UN’s seventeen Sustainable Development Goals, identified as an enabler for ending poverty and hunger and achieving gender equality. However, financial inclusion also has the power […]