October 17, 2024 @ 11:07 am By JD Alois  |  

Last week, the European Payments Commission (EPC) posted the Verification of Payee (VOP) scheme rulebook following a public consultation. The rulebook is for payment service providers (PSPs) in the Single Euro Payments Area (SEPA). This applies to the EU Instant Payments Regulation (IPR) and the… Read More

 Tagged EU, europe, European Payments Commission, payments, redcompass labs, sepa

October 17, 2024 @ 10:11 am By JD Alois  |  

Venture funding of Fintechs bounced along during Q3 2024, declining from Q2 and nowhere near more robust activity in recent years. This is according to S&P Global Markets, which reports that Fintech startups globally saw 370 funding rounds worth $6.4 billion in the third quarter… Read More

 Tagged Fintech funding, research, s&p global markets

October 17, 2024 @ 9:00 am By JD Alois  |  

Zelle is reporting that consumers and small businesses moved $481 billion in the first half of 2024. Zelle is a payments and transfers services that was launched by a consortium of many banks. The feature is designed to compete with the growing number of alternatives… Read More

 Tagged early warning services, payments, zelle

October 17, 2024 @ 8:27 am By Omar Faridi  |  

Digital bank N26 announced recently that it has further strengthened its offer in 12 new markets with the launch of Stocks as well as ETFs trading. With the rollout of N26 Stocks and ETFs, clients residing in Belgium, Denmark, Estonia, Finland, Greece, Latvia, Lithuania, Norway, Poland, Portugal,… Read More

 Tagged banking, digital bank, etfs, europe, investing, n26

October 17, 2024 @ 8:23 am By Omar Faridi  |  

Tide, the UK’s business financial platform, has partnered with Adyen (ADYEN:AMS), the global financial technology platform for businesses, in order to enable small businesses to accept in-person contactless payments using only an iPhone and the Tide iOS app. Tide is making Tap to Pay on… Read More

 Tagged adyen, sme's, tide, uk, united kingdom

October 17, 2024 @ 8:21 am By Omar Faridi  |  

CSD Prague reportedly received its first European DLT register approval. The Central Securities Depository (CSD) claims that is focused on leading innovation in the European capital market with the introduction of DLT (Distributed Ledger Technology). This technology has the potential to significantly enhance the financial… Read More

 Tagged czech republic, digital technology, distributed ledger technology, dlt

October 17, 2024 @ 8:20 am By Omar Faridi  |  

SDX and RULEMATCH deliver a complete, end-to-end, institutional-grade solution for banks and financial institutions. This Swiss-made partnership signals the coming to age of the crypto market, centered around efficiency, security, and compliance. Institutions will be able to trade on RULEMATCH’s platform with post-trade clearing and… Read More

 Tagged digital assets, sdx, six, six stock exchange, switzerland

October 17, 2024 @ 8:18 am By Omar Faridi  |  

Fintech Storfund has deepened its partnership with Mangopay, a modular and flexible payment infrastructure provider for platforms. Building on the two companies’ established partnership, Storfund will now leverage Mangopay’s embedded wallet, local accounts, and FX solutions in order to enhance the support it provides on… Read More

 Tagged mangopay, payments, storfund, wallet

October 16, 2024 @ 9:28 pm By Omar Faridi  |  

Fintech firm Plaid has recently launched its Gateway Partner Program in order to drive open banking compliance. Plaid’s blog post noted that the financial services industry is preparing for the release of the final Section 1033 rule mandating that financial institutions provide consumers with “secure… Read More

 Tagged compliance, fintech adoption, open banking, plaid

October 16, 2024 @ 9:24 pm By Tony Zerucha  |  

This week, Strise, an anti-money laundering (AML) automation company, launched The AML Megaminds Report, a resource featuring insights from more than 80 financial crime experts. It includes tidbits from more than 60 hours of conversations from The Laundry, a money laundering podcast. The report uses… Read More

 Tagged aml, kyc, Marit Rødevand, Patrick Skjennum, Strise