Klarna launches smooth authentication platform
Klarna have launched a global authentication platform that aggregates multiple global and local solutions, all the while championing customer experience with personalised authentication. With PSD2 introducing enhanced security measures, Klarna set out to ‘smooth’ over the increased burden otherwise passed onto consumers by allowing businesses to tailor the authentication process to their brand and customer […]
Funding Circle releases report on SME payments behaviour
Funding Circle, an online worldwide lending platform for SMEs, published the research, Betalen en betaald worden, on 25 March. Their research’s goal was to identify critical factors that contribute to healthy payments behaviour. Research looked at how Dutch companies deal with invoicing and debtor management, how daily management can influence payments policies, and how entrepreneurs […]
Research at a Glance: Week 10
Early Lessons on Regulatory Innovations to Enable Inclusive FinTech By UNSGSA, Cambridge Centre for Alternative Finance, Monetary Authority of Singapore This report takes as its point of departure the idea that inclusive financial innovation cannot be realised without the right regulatory environment. To do this, countries employ various means including regtech for regulators, innovation offices, and […]
Yolt Beta testing a better way to pay
After connecting all major High St banks to their mobile app, and becoming the first third-party-provider to do so, Yolt have released a beta test of Yolt Pay, which allows users to initiate payments from within the app. With the UK implementing their open-banking legislation a little more than a year before The Netherlands (with […]
ACI Worldwide acquisition extends ‘any payment, every possibility’ vision
An agreement between ACI Worldwide and Western Union will see US bill payments firm Speedpay merge with ACI’s own UP bill pay platform for a reported USD 750 million. This will help ACI expand its already broad range of software focused on facilitating real-time electronic payments. This is another market indication of the US’ growing fintech […]
Oracle Blockchain and SDK.finance one step ahead of regulations
The Czech core payments platform for banks and fintech firms has adopted Oracle’s blockchain platform to enable facilitate faster, more cost effective and secure payments, especially cross-border. This comes as the European Parliament recently passed the ‘Cross-border euro transfers and currency conversions’ proposal to slash fees on cross-border euro payments between EU countries that are in […]
Newgen Payments up for MPE Award
Dutch payments outfit Newgen Payments has been nominated in the “Influencer of the Year” category for the Merchant Payment Ecosystem Awards, which will be held from 19-21 February 2019 in Berlin. Category winners will be announced on 20 February. The Awards were created to honour the achievements of companies in Europe’s merchant payments ecosystem and […]
Wearable payments launched by ABN Amro
Following the success of a 500 consumer trials dating almost exactly one year ago, ABN Amro have offered the technology to all Dutch customers. Feedback illustrated positive affection for the convenient payments option, naming sporting and exercising users as major beneficiaries of not having to carry cards. A host of wearable accessories are integrable with […]
Snoop Dogg invests in Sweden’s payments unicorn Klarna
Not only did the rapper millionaire become a minority shareholder in the online financial solutions provider, but he will front a new marketing campaign and is reportedly changing his name to ‘Smooth Dogg’ in homage to Klarna’s seamless payments solutions. Adding to an impressive investment portfolio already boasting several start-ups, Snoop Dogg emphasises the importance […]
Malaysia set for real-time payments implementation powered by ACI Worldwide
Via a partnership with Payments Network Malaysia, who used ACI Worldwide‘s UP real-time payments, an instant credit transfer with a national addressing database that links mobile numbers and national ID numbers to account numbers, DuitNow, has been launched. The two companies are already looking forward to further real-time payments advances including QR payments, request-to-pay, e-mandates and […]