Innovative Payments Association

JULY 25, 2024

Open banking is a hot topic in the world of finance, with many experts predicting that it will revolutionize the way we manage our money. By allowing third-party financial service providers to access consumer banking data through APIs, open banking has the potential to create a more competitive and innovative financial ecosystem.

Boot Camp 52

Boot Camp Compliance Innovation Third-Party Service Provider 52

PYMNTS

JANUARY 17, 2019

The exchange’s APIs will span product offerings and service offerings such as deposits, foreign currency exchange, insurance and loan offerings — and will also include safe deposit boxes, branch and ATM services that are part of general banking operations.

API 53

API Cross-Border Payments Payment APIs and Integration Cross-Border 53

The Fintech Times

NOVEMBER 5, 2024

Driving financial inclusivity in Bahrain Now, Spire is working with Salt Edge to introduce Corporate Banking APIs to enable third-party service providers to create new, business-aligned products and solutions such as advanced financial management tools, automated payment solutions, and data-driven insights.

Accounts 64

Accounts Third-Party Service Provider Financial Inclusion API 64

PYMNTS

JULY 24, 2020

Highlighting the “clunky” and “difficult-to-use” nature of many enterprise software solutions, Jirav CEO and Co-founder Martin Zych said finance teams need modern, agile solutions to elevate their finance and accounting operations through business intelligence. Selina Finance. million in new funding, U.K.-based

B2B 64

B2B Third-Party Service Provider Small Business Finance 64

PYMNTS

JULY 9, 2020

Under the FCA’s new rules, payment providers and electronic money issuers must maintain records of all funds received and maintain a “safeguarding account” for customer money, the news outlet reported. . Also last month, Germany’s deputy finance minister called for radical solutions to fix how accounting firms are regulated.

Rules 67

Rules Third-Party Service Provider Money Laundering Regulations 67

PYMNTS

DECEMBER 19, 2018

Merging with Tradeshift will enable companies to access Babelway solutions via Tradeshift Link to integrate various systems that businesses use to buy goods and services, pay vendors and sell to other companies, providing an interconnected supply chain. Venture capital has propelled growth for Tradeshift as well.

Third-Party Service Provider 51

Third-Party Service Provider Acquirers B2B Blockchain 51

PYMNTS

JANUARY 14, 2019

Coverage includes the unveiling of an application programming interface (API) platform with Joint Electronic Teller Services Limited (JETCO) in Hong Kong. Hong Kong’s JETCO unveiled its APIX platform to provide more than 200 application programming interfaces (APIs) by 13 banks, the organization said in an announcement.

Blockchain 50

Blockchain Payment APIs and Integration Stablecoins Third-Party Service Provider 50

PYMNTS

FEBRUARY 27, 2020

Below, PYMNTS looks at the latest developments in open banking and bank-FinTech collaboration, including a look at how data sharing drives challenger bank competition, China’s exploration of open banking, and FinTechs embracing data connectivity to broaden their small business services. Open Banking Drives Challenger Bank Adoption.

Small Business 77

Small Business Third-Party Service Provider Privacy Financial Crimes 77

Fintech Finance

JANUARY 24, 2024

The RTP network was built for financial institutions of all sizes and serves as a platform for innovation allowing financial institutions to deliver new products and services to their customers. The post Mastercard and The Clearing House extend partnership on real-time payments appeared first on Fintech Finance.

Real Time Payments 52

Real Time Payments RTP Visa Instant Payments 52

PYMNTS

OCTOBER 2, 2017

But according to a new report from BitSight, that’s exactly what’s happening as FIs work with partners and other third-party service providers. Assessing the Cybersecurity Performance of the Finance Supply Chain ,” which explores how financial service providers manage third-party cyber risk.

Cybersecurity 51

Cybersecurity Risk Compromise Risk Management 51

Fintech Finance

DECEMBER 20, 2023

Alchemy Pay’s mission to promote global adoption of digital assets by connecting fiat to the Web3 economy is aligned with Worldpay’s role in bridging the gap between traditional and digital finance. Furthermore, Alchemy Pay has gained recognition from Visa and Mastercard as an authorized third-party service provider.

Third-Party Service Provider 52

Third-Party Service Provider NFTs Visa Cross-Border Payments 52

PYMNTS

OCTOBER 9, 2019

While it’s true that smaller players lack the resources to upgrade systems to support their own enhancements to accounts receivable, auditing and process automation, he pointed to third-party service providers and banks’ own shortcomings in making better solutions more easily accessible. Failure to Act.

B2B 46

B2B Third-Party Service Provider Payments Audit 46

PYMNTS

JANUARY 21, 2020

Federation of Small Businesses (FSB), research of 1,000 small business owners revealed that fewer than one in seven SMBs are sharing their bank data with third-party service providers. In a recent report from the U.K. “The financial crash casts a long shadow. As one of the U.K.’s

Continuity 60

Continuity Payment APIs and Integration FinTech Small Business 60

PYMNTS

FEBRUARY 2, 2021

This week's look at the latest in open banking and bank-FinTech collaboration finds financial institutions (FIs) exploring both partnerships and acquisitions to strengthen their offerings for corporates, while third-party service providers have also boosted their data-sharing capabilities to empower those financial service provider tie-ups.

Lockbox 57

Lockbox FinTech Treasury Management Payment APIs and Integration 57

PYMNTS

OCTOBER 2, 2017

FloQast launched in 2013 as a firm providing other businesses with software to help them close their books every month or quarter. Within the finance and accounting world, there seemed to be general resistance to the cloud, mainly circulated around security,” he said. That’s a big bottleneck for them.”.

Third-Party Service Provider 43

Third-Party Service Provider Adjustments Finance Accounts 43

PYMNTS

JULY 25, 2018

Earlier this year, Oracle rolled out Oracle Banking APIs , a set of APIs for retail and corporate banking that support FIs’ efforts to develop partnerships with third-party service providers. Oracle is also enhancing its financial management services directly for corporate customers.

Accounts 40

Accounts Payment APIs and Integration Third-Party Service Provider Non-Bank 40

PYMNTS

AUGUST 28, 2017

Financial services companies located within New York are covered by what is known as Part 500, but then again, so are the third-party service providers scattered across the globe that work with those New York-based entities. AUSTRAC, in turn, brought about a civil legal action against CBA.

Cybersecurity 57

Cybersecurity Money Laundering Digital Currency Online and Mobile Banking 57

Fintech News

FEBRUARY 26, 2024

BNPL arrangements, which refer to a type of short-term financing that allows consumers to make purchases and pay for them over time, help banks improve customer retention and acquisition, increase transaction volumes, and strengthen their relationships with merchants. BNPL payment adoption is set to rise at a CAGR of 12.3% billion by 2029.

APACS 52

APACS BNPL Payment APIs and Integration Non-Bank 52

PYMNTS

JULY 26, 2017

Many banks have increasingly leveraged and become dependent on third-party service providers to support key operations within their banks,” the report stated. Over time, consolidation among service providers has resulted in large numbers of banks reliant on a small number of service providers.”.

OCC 46

OCC Office of the Comptroller of the Currency Money Laundering Non-Bank 46

PYMNTS

MAY 9, 2017

In an interview with PYMNTS’ Karen Webster, Ralf Ohlhausen, business development director at PPRO Financial, said, “From the outset, none of the banks would have been very excited about the prospect of letting third parties access their customer data, which is quite understandable of course.”

Third-Party Service Provider 54

Third-Party Service Provider Authorization API Non-Bank 54

PYMNTS

NOVEMBER 18, 2019

Driven by the embrace of Software-as-a-Service (SaaS) platforms, corporates now have a greater opportunity than ever to take advantage of data connectivity, and operate their various finance functions in harmony. Technological Barriers.

Payroll 48

Payroll API Economy Accounts 48

PYMNTS

DECEMBER 6, 2017

Reports in Coin Desk said Aruba’s ATECH Foundation is collaborating with Switzerland-based Winding Tree to develop a blockchain-based marketplace to facilitate travel booking to the island, an effort to regain some of the lost revenue that ends up with third-party service providers like online travel agencies and airlines.

Blockchain 50

Blockchain Distributed Ledger Technology (DLT) Third-Party Service Provider Governance 50

PayHawk

APRIL 18, 2023

K Know Your Customer (KYC) The process of verifying the identity and background of a customer, typically required for compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. Processor A financial institution or third-party service provider that processes payments on behalf of merchants.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

PYMNTS

JUNE 26, 2019

However, particularly for companies in an industry considered to be high-risk for third-party service providers (and as many regulations remain in limbo), supply chain transparency and product verification can also mitigate risk for those business partners considering a deal with a cannabis company.

Legal 44

Legal Mitigation Verification Risk Mitigation 44

PYMNTS

OCTOBER 24, 2019

Indeed, Lutz said initiatives like the Single Euro Payments Area (SEPA) and SWIFT’s gpi “are a step in the right direction” as corporate payment solutions aim to enhance traceability and visibility of corporate payments and finances.

Treasury 40

Treasury Treasury Management Cross-Border Payment APIs and Integration 40

CB Insights

FEBRUARY 21, 2019

Financing and payment systems. We consider several areas that could benefit from the use of blockchain technology below, from due diligence to financing systems. Currently, the most common method that brokers, owners, buyers, and tenants use to store and access property listings are through third-party platforms such as Zillow.

Blockchain 78

Blockchain Due Diligence Legal Transactions 78

PYMNTS

JULY 3, 2018

While traditional banks may rely on a business owner’s personal credit score to make a financing decision, FinTech is opening itself up to other data sources, such as utility bill payment habits and information found on social media platforms.

Underwriting 40

Underwriting Small Business Assessments Third-Party Service Provider 40

Nanonets

MAY 7, 2024

Expense reconciliation is a process within finance and accounting that ensures that a company's financial records accurately reflect its spending activities. Outsourced Reconciliation Some businesses choose to outsource their expense reconciliation tasks to third-party service providers.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Global Fintech & Digital Assets

NOVEMBER 7, 2023

The SFC notes the potential benefits of tokenisation, including increasing efficiency, enhancing transparency, reducing settlement time, and lowering costs for traditional finance, but also recognises that the use of DLT can create additional risks.

Distributed Ledger Technology (DLT) 52

Distributed Ledger Technology (DLT) Security Settlement Risk 52

PYMNTS

MARCH 7, 2019

The Big Move of the Week: Walmart Embraces POS Financing. Walmart has announced a new partnership with digital lender Affirm that will make Affirm’s POS underwriting services available as an alternative to cash and traditional credit at nearly 4,000 Walmart Supercenters nationwide.

Consumer 40

Consumer Product Third-Party Service Provider Process 40

The Fintech Times

DECEMBER 24, 2024

Another huge milestone for BR-DGE was being recently awarded Service Organization Control Type 2, (SOC2) a cybersecurity framework that ensures third-party service providers securely store and process client data, which further solidifies our ability to help merchants easily and securely capture, store and transact.

Payment APIs and Integration 59

Payment APIs and Integration On-Demand Acquirers Value Added Service 59