June 9, 2022

https://ift.tt/oM35CvI Source: Payment Systems Regulator Today, the Payment Systems Regulator (PSR) has announced its plans that will see around 400 more financial firms provide Confirmation of Payee (CoP). This essential fraud protection service will increase coverage from 92% of transactions made via Faster Payments (FPS) and CHAPS (when you make a payment transfer from one […]

https://ift.tt/InHxOvY After last week’s rout, the crypto market turned mixed. The price of bitcoin gained 1.6% and ethereum’s price budged a few basis points higher this week. Cardano ADA is up 22%, XRP 2.5% and solana 3.6%. On the bearish side, dogecoin fell 3.5% while BNB BNB 3.4%, while Terra’s “luna 2.0” is down a

https://ift.tt/9MEgaSH UK’s biggest train operator says proposal from I Squared Capital ‘significantly undervalues’ business Financial Services

https://ift.tt/imFpQdc America’s driving season has officially begun. Despite rising inflation and the lingering threat of the pandemic, motorists hit the highways with gusto over the recent Memorial Day long weekend. Some 40m Americans travelled by road, an increase of 8.3% on the same weekend a year earlier. That wanderlust came even as prices at the

https://ift.tt/CS0WAJV Source: Razer Fintech Razer Fintech, the financial technology arm of Razer, the leading global lifestyle brand for gamers, today announced the acquisition of PT E2Pay Global Utama (“E2Pay”), one of the leading B2B2C digital payment facilitators and e-money players in Indonesia. Razer Fintech is already a leading O2O (offline to online) digital payment network

https://ift.tt/5Pc1XkT Tired, old stereotypes portray Canada as the frigid north, awash in maple syrup, hockey and politeness. In the financial world it has earned a more novel, racier reputation: as home to a giant housing bubble. Canada’s property market has soared for the past two decades, shrugging off the global financial crisis of 2007-09 and

https://ift.tt/OvpbMFD Dean Sposito, Managing Director, Head of Institutional Cash Management, Western Europe, Deutsche Bank speaks at EBAday 2022 in Vienna about how today’s geo-political and economic landscape has reinforced the importance of correspondent banking, the ongoing pain-points within correspondent banking, what the banking community is currently working on to meet these challenges, and how banks

https://ift.tt/1o4P0qD When the Federal Reserve raises interest rates, the effects are felt far and wide. Capital shifts in and out of the huge stock of global dollar-denominated assets. The Fed is expected to act forcefully over the next year, raising rates to around 3%, the highest level since early 2008. But this time the response

https://ift.tt/0SjIcip Source: BR-DGE Leading payment orchestration provider BR-DGE has partnered with global fintech disruptor Trust Payments to provide its merchants access to Trust Payments’ suite of Converged Commerce™ offerings. The new partnership will enable BR-DGE customers to access Trust Payments’ technology, including an all-in-one payments platform, award-winning risk management tools, Anti Money Launder (AML) and

https://ift.tt/gv6X0Uu Manuel Klein, Product Manager, Blockchain Solutions & Digital Currencies, Corporate Bank, Deutsche Bank speaks at EBAday2022 in Vienna about stablecoins. We learn about which types of stablecoins exist in the market and how do they differ, what happened to UST stablecoin and whether the central bank will provide their own CBDC in the future.

https://ift.tt/JEefuLQ It is fashionable in some circles to lament the “cult of gross domestic product”. The pursuit of growth, this criticism goes, blinds officials to less quantifiable but worthier objectives, be it a contented population or a clean environment. For many economists, the concern about gdp is very different. They see huge value in the

https://ift.tt/apHAdIi Iconic hip-hop artists are rarely mentioned alongside Warren Buffett or Benjamin Graham as sources of investing wisdom. But Wu-Tang Clan’s 1994 hit “C.R.E.A.M.” immortalised a saying all investors should be familiar with: Cash Rules Everything Around Me. For much of the post-pandemic boom in equity markets, cash and the gauges of corporate valuation that

https://ift.tt/BmhzfYS Source: Tuum Januar, the compliant gateway to the new digital economy for crypto businesses and institutional investors, has chosen Tuum as the core banking platform to power its pan-Europe goals. Tuum’s banking core will be used to build account and payment solutions for crypto companies, in order for them to receive and send payments

https://ift.tt/AgJrfpt Source: British Business Bank Louis Taylor has been appointed CEO of the British Business Bank, the UK’s economic development bank, and will take up the role from 1 October. Louis Taylor is currently CEO of UK Export Finance, the UK government’s export credit agency. Louis Taylor joined UK Export Finance in 2015, enjoying a

https://ift.tt/hEa5br8 Source: Nexi Nexi, the European PayTech, and Zuora, the leading cloud-based subscription management platform provider, announce a strategic partnership in the ecommerce sector: XPay, the gateway of Nexi for e-commerce, is now powered by payment services from Zuora. With Zuora, which powers the full quote to cash and revenue recognition process for more than

https://ift.tt/UOmZxMz MonetaGo is ditching blockchain for a shift to the cloud after almost a decade of using distributed ledger technology for its trade finance fraud prevention product. The company says that scalability, adoption, lack of in-house expertise, varying international regulatory comfort levels, and technological maturity were the primary deciding factors in the company’s switch to

https://ift.tt/Elwyud1 This is the web version of The Ledger, Fortune’s weekly newsletter covering financial technology and cryptocurrency. Sign up here to receive future editions. For months, top executives across crypto, Wall Street, and Silicon Valley have been increasingly calling for regulatory clarity for the cryptocurrency industry. And, on Tuesday, they finally got a taste of what they

https://ift.tt/sYvZFNC Ross Mallace, Global Head of SaaS & Partner Ecosystem, Temenos & John Kain, Head of Business Development for Banking and Capital Markets, AWS, speak at TCF 2022 about their partnership together, how banks can compete in an era where customer experience is king, the benefits of digital banking services in the Cloud, and what

https://ift.tt/0akL6UY Source: Banca Sella Supporting Italian SMEs in their international business projects of growth, development and competitiveness, taking advantage of the great opportunities offered by digital export: this is the purpose of the agreement signed by Banca Sella and Business Vision, a company specializing in digital commerce development and an Alibaba’s Global Service Partner that

https://ift.tt/15vmtEr Source: Paysafe Paysafe (NYSE: PSFE), a leading specialised payments platform, has partnered with APEXX Global, the multi-award-winning global payments orchestration platform, to offer Paysafe’s payment processing services to APEXX Global’s merchant base. Through the new collaboration, APEXX Global will support its merchants to scale globally by increasing their international payment acceptance with Paysafe, enabling

https://ift.tt/NSoay54 Source: Mambu Mambu, the cloud banking platform, has teamed up with Western Union, a global leader in cross-border, cross-currency money movement and payments, to integrate its solution into the latter’s next generation real time multi-currency digital wallet and digital banking platform in Europe. Mambu will enable Western Union to extend the relationship with its

https://ift.tt/fmoA0tq Abdulelah Alkhathlan, E-commerce Manager at STC Pay & Jean-Paul Mergeai, President EMEA-APAC, Temenos, speak at TCF 2022 about the ambitions of STC Pay, the leading mobile wallet app in the Middle East. We hear about their growth plans for the future, how are they supported, and what the relationship with STC Pay means to

https://ift.tt/g1cD8VW Source: Sentinels Sentinels, a Fenergo company and Europe’s leading intelligent transaction monitoring platform, has been appointed by payments fintech kevin. to handle transaction monitoring compliance. The relationship means kevin. now detects suspicious transactions in real-time while ensuring compliance with local anti-money laundering (AML) regulations. kevin.’s account-to-account (A2A) payment infrastructure solution, enabled by open banking,

https://ift.tt/X4b1KzL Source: Modulr Scroll Finance (Scroll), a next generation fintech providing smart financing solutions to homeowners, has today announced that Modulr, the embedded payments platform, will power its underlying payments infrastructure. The partnership will enable Scroll to accelerate its mission to disrupt the homeowner financing sector in the UK. Scroll aims to bring the flexibility,

https://ift.tt/YyNF6xm Source: Factris Dutch fintech company Factris has secured € 10 MM thanks to their partnership with NN Investment Partners (NN IP). This funding will be directly used to help finance trade-related invoices for European SMEs. Already the largest alternative factoring company in the Netherlands, Factris has begun steadily expanding into the other European markets.

https://ift.tt/2pB8PzI Having bootstrapped to €200 Million in revenue, engagement banking vendor Backbase is turning to private equity investment for its next stage of growth, picking up €120 million in equity funding from Motive Partners. The growth investment values Backbase at €2.5 billion. Founded in 2003, the Amsterdam headquartered firm currently counts over 150 financial institutions

https://ift.tt/G57cL1C The crypto market was shocked by the sudden collapse of the third largest stablecoin TerraUSD early May. Long-time isolated from the falls in crypto coins like Bitcoin and Ethereum, stablecoins were designed to sidestep crypto volatility and supposed to remain stable across the crypto ecosystem. The significant crash of TerraUSD that lost more than

https://ift.tt/h89xMlQ Ross Mallace, Global Head of SaaS & Partner Ecosystem, Temenos & John Kain, Head of Business Development for Banking and Capital Markets, AWS, speak at TCF 2022 about their partnership together, how banks can compete in an era where customer experience is king, the benefits of digital banking services in the Cloud, and what

https://ift.tt/xdGnPiF Swedish company Juni, a neobank aimed at e-commerce entrepreneurs, has closed on $206 million in Series B and venture debt funding. The $100 million Series B funding is led by Mubadala Capital, whose global fintech footprint includes investments in SpotOn, Brex, C2FO, WeFox, Cardless, and others. All of Juni’s existing investors – EQT Ventures,

https://ift.tt/4i9QTKC Kalliopi Chioti, Chief ESG Officer, Temenos & Ivan Mazzoleni, CEO, Flowe, speak at TCF 2022 about Flowe being the first bank in Italy to be certified as a B-Corp and carbon-neutral, how they’ve managed to be faster, leaner, and greener through Temenos’ open platform, and how banks can marry sustainability and commercial viability. Financial

https://ift.tt/VNESsCu Proposal ‘significantly undervalues’ bus and train operator, says board Financial Services

https://ift.tt/Rp0t9g7 What’s next for NFTs? Non-fungible tokens (NFTs) continue to dominate headlines and event agendas as 2022 roars on, yet, panellists on day two of Money 20/20 Europe argued that it is a topic where the technology is not yet fully used or understood. Having witnessed a degree of decline in popularity over the last

https://ift.tt/XfZR41e Aerial photo of a solar photovoltaic plant getty Prime Infrastructure Holdings—controlled by billionaire Enrique Razon, Jr.—is deepening its investments in renewable energy with its latest plan to build the world’s largest solar facility in the Philippines. The privately held company, which announced last week that it’s acquiring a controlling interest in the Malampaya gas

https://ift.tt/S6J4hgP FTC chair warns of ‘life and death consequences’ when buyout groups own broad sectors of the economy Financial Services

https://ift.tt/j18laVR Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 210 thousand up from 200 thousand last week. • At 12:00 PM, Q1 Flow of Funds Accounts of the United States from the Federal Reserve. On COVID (focus on hospitalizations and deaths): COVID Metrics   Now