Payments and Tech Giants Predict the Future of Money at Money20/20 Europe
Jul04

Payments and Tech Giants Predict the Future of Money at Money20/20 Europe

Artificial Intelligence and Blockchain lead the discussion, as FinTech leaders from the likes of Google, Amazon and Square reveal a future of banking bots, automatic payments and financial services that truly “know us” FinTech experts from across the globe flocked to Copenhagen last week to debate the future of money at Money20/20 Europe. The world’s leading tech, financial services and business experts revealed how new technologies...

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Six Key Themes from Money 2020 Europe #M2020EU
Jun29

Six Key Themes from Money 2020 Europe #M2020EU

After a frantic few days in Copenhagen for Money 20/20 Europe, I’m finally back at my desk. The flight home gave me a bit of time to digest the discussions and presentations and, amid the melee and company announcements, a few themes stand out. Let’s get wallets out of the way first. The majority of industry folk now admit that wallets are not where we wanted or expected them to be. Adoption of the ‘Pays’ is happening, but it is...

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Partnership between Trinity Purchasing and Worldline
Jun29

Partnership between Trinity Purchasing and Worldline

New payment service allows guests to pay in their own currency Trinity Purchasing partners with e-commerce payment services and POS terminal solutions provider Worldline for an end-to-end acceptance and e-commerce solution across 16 countries. The solution will enable all hotels that are a member of Trinity Purchasing to allow their guests to pay in their own currency when they are abroad, regardless of the country in which they are...

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SoTec Wins Ixaris B2B Innovation Challenge #M2020EU
Jun29

SoTec Wins Ixaris B2B Innovation Challenge #M2020EU

Ixaris Technologies announced that the winner of its OPC Live! Challenge is SoTec for its virtual payments solution that addresses the need for financial transparency in charity, social and community projects. Charitable organisations spend up to a third of their income on administrative expenses and SoTec’s solution is a first step to ensuring more of their donations are spent directly on the cause they serve instead of the...

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Correspondent Banking Model is Holding Back Global Expansion #M2020EU
Jun29

Correspondent Banking Model is Holding Back Global Expansion #M2020EU

New Saxo Payments Banking Circle white paper identifies opportunity for new generation of payment providers Saxo Payments Banking Circle, the ground-breaking payments utility that is enhancing the customer proposition for payments businesses, has commissioned new exclusive research* into the barriers facing merchants that want to trade globally.  The findings, being launched today at Money20/20 Europe in a new white paper – Cross...

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Money 20/20 Day 3 Review
Jun29

Money 20/20 Day 3 Review

Talking points of the conference So today was the final day of Money2020 Europe and it felt like a new logical family was disbanding. Again, there was a phenomenal choice for delegates when it came to attending keynotes and track sessions so it’s a challenge to select highlights. Nonetheless… Entrepreneur Nuno Sebastiao made a compelling case for artificial intelligence to solve the problems of moving digital money safely, which is...

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Bankable Partners with Starling Bank#M2020EU
Jun28

Bankable Partners with Starling Bank#M2020EU

Bankable signed a direct strategic partnership with Starling Bank, one of the UK’s leading challenger banks, to provide real-time Faster Payments. Bankable will integrate its Banking as a Service platform with Starling’s state of the art API set. Bankable’s proprietary API based Banking as a Service platform provides turnkey payment solutions with account / card issuance and management, transaction processing, as well as compliance...

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AcceptEasy and Worldline Partner to Offer a Smart e-Billing Solution #M2020EU
Jun28

AcceptEasy and Worldline Partner to Offer a Smart e-Billing Solution #M2020EU

Worldline and AcceptEasy partner to offer a multichannel e-billing solution including payments processed by WL Sips and Commercial Acquiring solutions. With this innovative solution, the customers receive their invoice on their phone, tablet or PC via text message or email. No register or login is required as bank details are already pre-filled. To pay any bill, a fast and simple click on the email banner will redirect the payer to a...

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Money2020 Review #M2020EU
Jun28

Money2020 Review #M2020EU

Talking points of the conference The energy of the second day grew from the first and notable talking points included open banking initiatives and what the future might look like as this largely welcomed fintech arrival will support banks struggling with legacy structures to loosen up. (That is, if traditionalist mindsets can shift a little.) While the first day seemed to set out the stall for current status quo, day two seemed to...

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PSD2: Preparing for the Big Talking Point at Money 20/20 Europe #M2020EU
Jun28

PSD2: Preparing for the Big Talking Point at Money 20/20 Europe #M2020EU

The view from Copenhagen There’s no doubt that PSD2 has become something of a buzzword in the last year, dominating conversations in banking and fintech across Europe. As banks prepare for the activation of PSD2 in January 2018, there’s no doubt that the legislation will be the key talking point at this year’s Money 20/20 Europe event in Copenhagen. So, let’s take a moment to review what PSD2 actually is, how it’s shaking up fintech...

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Money20/20 Europe Day 1: DJs, Banks and the Future of Money
Jun28

Money20/20 Europe Day 1: DJs, Banks and the Future of Money

There may have been a comic-book hero theme and a hard-hitting DJ in the background, but the messages coming out of Money20/20 in Copenhagen are very serious. The fintech conference, which includes a significant presence from Earthport, is now established as one of the leading forums of this dynamic and disruptive community. If you needed any confirmation that the great and good were in attendance, when Money20/20’s Tracey Davies took...

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Payscout Launches World’s First Live VR Payment Experience #M2020EU
Jun28

Payscout Launches World’s First Live VR Payment Experience #M2020EU

Payscout VR Commerce enables frictionless payments for physical products in virtual reality via Google Cardboard; available for download today at the Google Play store   One of the fastest growing privately held global payment processing providers in the U.S., Payscout, Inc. launched a Virtual Reality (VR) Commerce application that enables frictionless payments in VR experiences. Payscout VR Commerce was announced at Money20/20 in...

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Visa Commits to Strategic Investment in Klarna #M2020EU
Jun28

Visa Commits to Strategic Investment in Klarna #M2020EU

Future collaboration will enhance payment experiences for consumers in Europe Visa and Klarna announced they have reached an agreement for Visa to invest in Klarna, and intend to develop a future strategic partnership. Klarna is one of Europe’s fastest growing online payments companies, serving 60 million consumers and 70,000 retailers. The equity investment and planned partnership demonstrate Visa and Klarna’s shared vision to...

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Verifone Collaborates with Sage #M2020EU
Jun27

Verifone Collaborates with Sage #M2020EU

To help merchants of all sizes adapt to transforming and fast-moving business environments and changing consumer behavior, Verifone and Sage today announced that they will work together to offer integrated point-of-sale (POS) and business accounting solutions on Verifone Carbon 8. Carbon 8 is an open, scalable and portable POS system that is capable of incorporating the Sage One accounting and payroll software with Verifone payment...

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fscom Launches Flagship RegTech Product, KYC-Pro #M2020EU
Jun27

fscom Launches Flagship RegTech Product, KYC-Pro #M2020EU

Today at Money 2020, fscom announced the official launch of its flagship RegTech tool, KYC-Pro, to simplify and streamline the client on-boarding process for FinTechs, while ensuring they meet their regulatory obligations. Despite strong growth in the FinTech industry, one of the biggest challenges facing companies is the administrative burden of on-boarding. Complex anti-money laundering requirements, and the heavy fines for...

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Vocalink and Starling Bank Collaboration Opens Access to Faster Payments #M2020EU
Jun27

Vocalink and Starling Bank Collaboration Opens Access to Faster Payments #M2020EU

Vocalink has today announced that Starling Bank will become a Direct Agency sponsor for Vocalink’s PayPort Service, enabling access to Faster Payments (“FPS”) for Starling Bank customers, other Financial Institutions (“FIs”) and Payment Service Providers (“PSPs”) using the Vocalink PayPort FPS Gateway. The partnership will be instrumental in further opening up access to the UK’s payment services for challenger banks, established FIs,...

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The ATM Turns 50:  Its “Effect On Everyday Life Can’t Be Understated”
Jun27

The ATM Turns 50: Its “Effect On Everyday Life Can’t Be Understated”

Sophie Guibaud, VP of European Expansion at Fidor Bank, said of the 50th anniversary of the ATM: “Undoubtedly the ATM ushered in a new era in banking and its effect on everyday life can’t be understated. Today you can find an ATM in the farthest flung place in the world, with over three million machines dotted across the globe.” “Now with the ATM turning fifty, it’s time we accepted a new reality that cash has reached its final...

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Erste Group Implements SmartStream hybrid.corona #M2020EU
Jun27

Erste Group Implements SmartStream hybrid.corona #M2020EU

IT Solutions implements SmartStream’s costs-reducing hybrid.corona service for Erste Group SmartStream Technologies, the Transaction Lifecycle Management (TLM®) specialist, today announced that s IT Solutions Austria, the Austrian IT service provider for Erste Group, one of the largest financial services providers in Central and Eastern Europe – has decided to implement SmartStream’s hybrid.corona to reduce operational costs. The new...

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Oracle and TAS Group Team Up #M2020EU
Jun27

Oracle and TAS Group Team Up #M2020EU

Oracle adds TAS Group’s Card 3.0™ Issuing and Network Gateway technology to their cloud based Digital Innovation Platform to accelerate financial operators’ effectiveness and competitive advantage in the new Instant Era. Already a long-standing financial industry solutions partner of Oracle in Europe, TAS Group will be among the first global partners on Oracle’s Digital Innovation Platform. TAS’ product functionality will be gradually...

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Monese Announces the European Expansion of its Award-winning Accounts #M2020EU
Jun27

Monese Announces the European Expansion of its Award-winning Accounts #M2020EU

This summer, users will be able to open local bank accounts across the entire Eurozone, in 19 different countries, allowing them to ‘bank like a local’ Today, Monese, provider of instant mobile current accounts, announces its European expansion. As of this summer, users will be able to open local accounts in an additional 19 different European countries, as well as the UK, even if they are not currently residing in that country....

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First Data Introduces Local Payments Solution #M2020EU
Jun27

First Data Introduces Local Payments Solution #M2020EU

New online payments solution offers greater flexibility and reach for businesses around the world Strengthens First Data’s position as a market leader in global eCommerce The rise of global commerce is creating an increasingly borderless economy, and businesses need to provide the payment method their customers prefer, regardless of regional and cultural preferences. To meet this growing need, today First Data announced the...

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50th Anniversary of the ATM Highlights the Decline of Cash #M2020EU
Jun27

50th Anniversary of the ATM Highlights the Decline of Cash #M2020EU

June 27th marks the 50th anniversary of the world’s first automated cash dispenser – later known as an Automated Teller Machine (ATM). But this could be the last major milestone ATMs see as the UK swiftly moves towards a new cultural phenomenon – the cashless society. In fact, our latest research[1] shows, that if given the option, 26% of us would never choose to pay cash when buying an item in a shop and more than a quarter of us...

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Berlin-based Blockchain Bank Startup Celebrates Record Milestones #M2020EU
Jun27

Berlin-based Blockchain Bank Startup Celebrates Record Milestones #M2020EU

The leading Bitcoin and Altcoin transfer solutions provider Bitwala has launched a number of business products to bank the crypto economy. Businesses operating with cryptocurrencies will now be able to make quick and cost effective Bitcoin (or one of 44 other cryptocurrencies) to fiat transfers in 22 currencies around the world. Furthermore Bitwala offers a Visa® prepaid debit card for the owner to pay on the go in over 130 countries....

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equensWorldline Supports European Central Bank Instant Settlement Initiative #M2020EU
Jun27

equensWorldline Supports European Central Bank Instant Settlement Initiative #M2020EU

Worldline announces that its subsidiary, equensWorldline SE, welcomes TIPS – the Instant Settlement service that was recently announced by the European Central Bank. equensWorldline will connect its European and national Instant Payments Clearing and Settlement services to TIPS from the first day TIPS is operational, thus providing easy pan-European reach to its connected banks and PSPs through one technical interface. This seamlessly...

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Worldline Enters Agreement with Apigee #M2020EU
Jun27

Worldline Enters Agreement with Apigee #M2020EU

Worldline now combines Apigee Edge Software with its services and expertise to implement digital solutions. Apigee’s complete vision enables Worldline’s solutions to address a wide range of use cases across all industry sectors. On the first day of the Money20/20Europe event in Copenhagen, Worldline announces this new agreement with Apigee Edge Software that will make it easier for Worldline’s customer to exploit the possibilities of...

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Money 20/20 Europe: Day One Round Up
Jun27

Money 20/20 Europe: Day One Round Up

Fintech Finance reviews – Day One Talking points of the conference Everyone was talking about global fintech influencer Chris Skinner who appeared here, there and everywhere during Money’s first day. In his keynote speech he reminded us that without a huge leap towards agility and “if banks don’t shift their core systems in five to 10 years, they won’t be around.” Simple as. (Even if one wisecrack tweeter asked ‘Did...

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Western Union Unveils Major Upgrade of its Digital Payments Platform #M2020EU
Jun27

Western Union Unveils Major Upgrade of its Digital Payments Platform #M2020EU

Fintech innovation offers universities a game-changing solution in reconciliation, improved student experience The Western Union Company today announces the launch of its enhanced WU ® GlobalPay for Students product, which enables academic institutions to more efficiently reconcile, refund and track payments from international students. The platform is designed to help universities and colleges around the world simplify the...

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DOCOMO Digital Sets its Sights on the Sharing Economy #M2020EU
Jun26

DOCOMO Digital Sets its Sights on the Sharing Economy #M2020EU

Leading alternative payments enabler, DOCOMO Digital has today announced the launch of NOMO, a payment platform designed for sharing economy platforms who want to optimise pay-outs for their vendors. From safeguarding services and online KYC features to loyalty programs for vendors, NOMO provides everything marketplaces need to scale internationally by giving them access to the first free wallet-to-wallet payment network ever...

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TransferTo and MallforAfrica Team Up to Drive Digital Payments #M2020EU
Jun26

TransferTo and MallforAfrica Team Up to Drive Digital Payments #M2020EU

Launching at Money 20/20 Europe, this partnership will help create a seamless shopping and payments experience for MallforAfrica users TransferTo has partnered up with MallforAfrica (MFA) to offer shoppers living in Africa with direct online access to over 200 major retailers across Europe and the USA. Over the last few years, e-commerce has been growing in popularity across Africa.  According to McKinsey, it’s expected that more than...

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N26 and German Insurtech Clark Partner to Digitize Insurance Market #M2020EU
Jun26

N26 and German Insurtech Clark Partner to Digitize Insurance Market #M2020EU

N26 and Clark launch fully digitized insurance service for N26 customers N26 will expand the services and products available to its customers with the introduction of N26 Insurance. Today, N26 announced at Money20/20 Europe in Copenhagen that it will partner with leading German Insurtech Clark to offer a digitized insurance service. This is the next step in N26’s strategy to become the one-stop app for all of its users’ financial...

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Germany and UK outperform Europe in Online Bank Account Opening #M2020EU
Jun26

Germany and UK outperform Europe in Online Bank Account Opening #M2020EU

Twice the proportion of accounts are opened online in Germany & UK, compared to other European countries. Two thirds of Spanish consumers still open new accounts in branch Leading identity confirmation provider HooYu today released the results of a European study into the adoption of online bank account opening. HooYu has produced a league table of online account opening across Europe– a key indicator of a bank’s digital...

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Railsbank and Secure Trading Lead Transformation in Financial Services #M2020EU
Jun26

Railsbank and Secure Trading Lead Transformation in Financial Services #M2020EU

Secure Trading to offer an unprecedented number of payment services to merchants through Railsbank’s innovative open banking and compliance platform Award winning payments group, Secure Trading, has today announced its new partnership with Railsbank offering companies API access to global banking with 5 lines of code.   By alleviating the burden of integration and compliance with the existing legacy banking infrastructure, Railsbank...

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PayU Launches PayU Hub #M2020EU
Jun26

PayU Launches PayU Hub #M2020EU

PayU Hub, launching at Money20/20 Europe, aims to tackle cross-border payment challenges in major emerging markets PayU today announces the launch of its PayU Hub platform. PayU Hub, which conforms to API design principles, aims to use technology to solve the cross-border commerce challenges currently facing merchants looking to grow and scale in high growth markets. Through a single integration the PayU Hub provides merchants with...

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Jumio Partners with Monzo for Strong Identity Verification #M2020EU
Jun26

Jumio Partners with Monzo for Strong Identity Verification #M2020EU

Trusted identity verification expert joins with pioneering bank to verify new users and support Know-Your-Customer (KYC) requirements Jumio, the creator of Netverify® Trusted Identity as a Service (TIaaS), has today announced a partnership with Monzo, which will see the digital challenger bank use Netverify® to help verify new and existing customers. Monzo will use Jumio to help verify customers who are moving from its prepaid card...

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Starling Bank Announces European Expansion #M2020EU
Jun26

Starling Bank Announces European Expansion #M2020EU

Starling Bank onboarding first European customers after gaining Banking Passport into Ireland Starling Bank has received its banking passport into Ireland and is expanding into the Republic of Ireland. The bank has launched the UK’s first new mobile-only current account and is now using its banking passport to bring its services to new customers in Ireland. This is the first step in its plans to provide services to European markets....

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Backbase Transforms Digital Banking Platform for Norwegian Bank #M2020EU
Jun26

Backbase Transforms Digital Banking Platform for Norwegian Bank #M2020EU

Backbase announces the launch of SSF Bank’s new mobile banking application, which forms part of a first phase of the bank’s move towards transforming its existing digital banking systems. Sparebanken Sogn og Fjordane (SSF) is one of the most established banks in Norway and the largest in the county of Sogn og Fjordane. The majority of the bank is owned by two foundations, and SSF was one of the first savings banks in Norway to adapt...

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Research Shows Companies Keen to Test New B2B Payment Technologies #M2020EU
Jun26

Research Shows Companies Keen to Test New B2B Payment Technologies #M2020EU

The B2B payment market, worth over $100 trillion in annual transaction values, and long stifled by cumbersome and aging technology, is showing healthy signs of growth. Results of the ‘CFO Payment Pulse’ whitepaper officially launched by Ixaris Technologies at Money 2020 on Monday suggests that new technologies and regulatory changes are reinvigorating a desire for change in the corporate treasury. The survey, carried out in...

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