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 […]

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 […]

Omnio selects AutoRek for reconciliation solution

Scottish fintech company, AutoRek, a leading software provider to global financial services firms, is proud to announce Omnio as the latest addition to its expanding list of digital banking/payments clients. Omnio is a high growth financial services infrastructure provider, combining the best of banking capabilities and customer engagement / loyalty together in a single platform. Headquartered in London with […]

Current raises $220m at $2.2bn valuation

US digital banking startup Current has tripled its valuation to $2.2 billion off the back of a $220 million Series D funding round led by Andreessen Horowitz.Tiger Global Management, TQ Ventures, Avenir, Sapphire Ventures, Foundation Capital, Wellington Management and Expa joined the round, which sees Current’s valuation jump from $750 million at its last raise […]