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The AFM has raised concerns about minors accessing BNPL services, despite a Code of Conduct by Billink, In3, Klarna, and Riverty to prevent such access.
BNPL, regulation, age verification, payments , financial services
Canada-based ATB Ventures has announced a strategic collaboration between Oliu, its digital trust platform, and thirdstream, a financial services provider for institutions.
partnership, identity verification, digital identity, financial institutions, digital onboarding, digital verification
UK-based payments platform Mimo has secured a GBP 15.5 million investment led by Northzone to launch a platform that simplifies B2B payments.
SMEs, cash flow, B2B payments, funding, trade finance
Empower Finance, a player in alternative credit underwriting has announced the definitive agreement to acquire Petal and the completion of its acquisition of Cashalo.
acquisition, partnership, financial inclusion, fintech
UK-based credit risk solutions provider Atto has partnered with analytics software company FICO to integrate Open Banking data into UK credit scoring.
data analytics, Open Banking, credit scoring, lending, partnership
Adyen and the Centre for Economic Business and Research have reported that over a third of UK retail businesses lost on average GBP 1.4 mln each to fraud in 2023.
payment fraud, cybercrime, retail, research, PSD3
Paul Worthington, Head of Regulatory Affairs at Innovate Finance, speaks about the role policy and regulation play when it comes to payment innovation.
stablecoin, central bank, policy, regulators, CBDC, Open Banking, payments
Financial information services company Experian has decided to acquire illion for nearly USD 542.10 million, in a bid to expand into Australia and New Zealand.
acquisition, digital wallet, e-wallet, BNPL, credit scoring
We interviewed the CEO of PPRO, Motie Bring, to learn more about the pivotal milestones of 2023 for the company, as well as the strategies for global growth and insights on the evolving payments landscape.
ecommerce, payments , cross-border payments, funding, instant payments, local payment method, recurring payments, gig economy
As businesses undergo digital transformation, the need for robust KYB processes has never been more stringent. Understanding and verifying the identity of businesses is not just a regulatory requirement but a strategic imperative.
KYB, KYC, digital onboarding, fraud prevention, AML, merchants, UBOs, data privacy
US-based payment technology corporation Mastercard has planned to increase fees for credit and debit card transactions by nearly USD 250 million.
digital payments, interchange fee, credit card, debit card, merchant, ecommerce
AI-powered global payments network Klarna has announced the launch of its Wikipink product, a data hub with information on how UK clients use the company’s solutions.
product launch, data sharing, payments , credit scoring, online payments, mobile payments, digital payments, ecommerce
Fintech startup Sikoia has rolled out AI-driven document processing, automating 75% of tasks in customer data verification.
identity verification, digital onboarding, artificial intelligence, financial institutions, risk management
Canada-based fintech infrastructure company Brim Financial has secured USD 85 million in a Series C funding round.
funding, investment, fintech, Open Banking
Ad-subsidised payments network (ASPN) Zilch has partnered with digital payments solution provider Checkout.com.
partnership, digital payments, fintech, payments
Digital payment service and technology provider AsiaPay has partnered with Philippines-based boutique airline Airswift.
travel payments, partnership, digital payments, fintech
FICO has released a research that highlights the concern of Indonesians over identity theft amidst increased risks posed by real-time payments.
research, APP fraud, real-time payments, money laundering, scam
Mastercard Incorporated has decided to expand its Click to Pay solution in Australia to help combat online payment fraud in the country.
product upgrade, expansion, fraud prevention, online payments
US-based payment technology corporation Mastercard has announced its collaboration with Singapore Airlines (SIA), aiming to improve the travel experience across Southeast Asia.
partnership, online platform, online payments, digital payments, travel payments
Brazil-based fintech Koin has secured a USD 7.21 investment to finance customer credit operations.
instalment payments, PIX, expansion, startup, digital wallet