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The Q1-2022 issue of the Payments and FinTech magazine is here! This edition provides you with insights into the latest FinTech trends and developments in 2022. Read all about: the new iDEAL and how it is revolutionizing payments in the Netherlands, how payments can facilitate sustainable mobility by Cybersource, Pledg on providing white label BNPL solutions, PayByFace on facial biometrics checkout, G+D on how How FinTechs can help save the planet and even more!
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The Buy Now Pay Later (BNPL) phenomenon was one of the most anticipated developments in e-commerce in 2021. COVID-19 has accelerated the shift to everything digital in many different sectors, and e-commerce was no exception. We sat down with Nicholas Pelletier to discuss the latest developments in the sector and how providing white label BNPL solutions can transform the consumer experience.
There are many drivers for transit operators to enable open-loop tap-to-ride payments. But how are leading companies navigating that journey and how is tokenization transforming mobility? We had the pleasure to sit with Ken Ritchie, Senior Director at Cybersource, to look at best-practice approaches to roll out seamless mobility solutions.
Back in December 2020, iDEAL’s brand owner Currence announced that it had started working on the new iDEAL, and bits of information about the rehaul have been released since then. iDEAL saw the light of day in 2005 and has grown out to be the most frequently used online payment method by Dutch consumers. We had the pleasure to interview Daniel van Delft, CEO at Currence to discuss this program.
What has happened? Your grandfather was introduced to biometric technology through movies since the 1960s(1), and still, we have not embraced biometrics even today. Major successes we all recall from RoboCop (1987) who can identify people scanning a database, to “Minority Report” starring Tom Cruise brought up the idea of iris scanning. We dream of the future and often remain bound to existing frames we need to comply with.
In the ever-evolving payments landscape, Fintechs have a unique opportunity to build corporate social responsibility into their core values. Sustainability needs to be a key part of this strategy, in order to resonate with the customers, Fintechs are seeking to acquire. Eco awareness has reached an all-time high, and most companies in the payments ecosystem are responding to the new demands of consumers. That’s why G+D has stepped up and provided customers with a suite of eco-friendly products and solutions.
The Q3-2021 issue of the Payments and FinTech magazine is here! This edition provides you with insights on the latest trends and developments in 2021 for FinTech. You can read about: Mastercard's role in open banking, Aiia's open banking strategy, Cloud-Native Acquiring by SilverFlow, FinTech partnerships for success by G+D, and the hottest FinTech jobs.
The increased competition within the FinTech landscape has been driving more innovation and customer-centricity. Financial institutions that invest in differentiated propositions will become the front runners. Although we have not seen a big pickup in the Netherlands yet, all signs indicate that the market is steadily catching up with some other markets that are advanced in open banking capabilities and adoption rates. Read this interview with Mastercard to learn more about navigating the open banking journey.
As society is rapidly moving towards a cashless society, fintechs, banks, and financial authorities have to constantly adapt to facilitate a safe and seamless transition. With this rapid change comes a lot of pressure due to the changing regulations and customer expectations. Read this interview with Rune Mai, CEO and CoFounder at Aiia to learn how Europe’s most experienced open banking platform navigates these challenges.
In this age, merchants must accept debit and credit cards, Apple Pay, Google pay and other digital payments to survive, especially after the huge rise of such payments during the COVID pandemic. Banks and other financial institutions must offer these Payment Services to their customers in a modern way, up to par with the offering of large Fintechs.
In the past, having a new customer in a new market meant that you had to redesign the product once again from scratch. Today, new customers are being served by more flexible, modern platforms that can be adapted to changing requirements. Adopting a cloud-native approach that can handle these more complex environments is going to be the key to future-proofing your business. Learn more about running a future-proof acquiring platform in this interview with Robert Kraal, CEO at SilverFlow.
The banking landscape is shifting and has done so for quite some time. We see how markets are adopting not only new technologies but also the providers behind: You do your banking with your retailer; you do your shopping in an OEM app; you pay with your “search engine”…aka Google Pay.
The Q2-2021 issue of the Payments and FinTech magazine is here! This edition provides you with insights on the hottest trends and developments in 2021 for FinTech. You can read about: Open Banking by Tink, Adverse News Monitoring by Owlin, the FinTech Outlook by G+D, SaaS by Mambu, Card Issuing by Enfuce, our hottest FinTech jobs, and don’t miss a special announcement about Season 2 of the Voices In Payments Podcast Series!
True entrepreneurship always starts with an idea that solves an actual problem. For a Fintech this could be creating smooth onboarding to banking services, or to reduce fees connected with credit. All done with digital savviness and a strong vision. But it’s important to recognize that there is no way of shortcutting the banking process with its regulations and needs for controls and checks. And as Fintechs grow from entrepreneurial ideas to customer-facing offerings, a sustainable partner strategy is the silver bullet to success!
To say that 2020 was a transformative year would be putting it mildly. The ongoing pandemic has prompted profound changes in the way we live, work, spend and socialise — with prolonged social distancing restrictions meaning that many aspects of our lives have moved online in the past 12 months.
Many payment providers are seeking possible leading indicators for financial merchant risk. This is challenging, as relevant financial data is generally not readily available for smaller and medium sized companies. Increasingly, however, social media, consumer complaints platforms, and other news sources may act as indicators of whether all is well with this merchant, particularly when these show sharp quantitative changes.
PaymentGenes is extremely proud to announce its partnership with Mambu. PaymentGenes will offer Mambu’s customers with a selection of payments and card issuing solutions, card scheme membership or regulatory license applications towards product design and a certified implementation. Check out our interview with Michel Breeuwer, General Manager Benelux at Mambu, to learn more about how customers can benefit from this strategic partnership.
PaymentGenes, the recruitment, interim management and consultancy organisation specialized in Payments and Fintech, and Enfuce, a fast growing fintech company offering a SaaS cards issuing and transaction processing platform, are thrilled to announce their collaboration where PaymentGenes will be a partner for consulting with Enfuce customers, helping with card scheme selection, product definition, regulation and implementation.
This edition of the Payments & FinTech Magazine provides readers with insights on how the developments in 2021 will further shape the future of Financial Services. The Q1 edition is packed with articles from Marqeta, Inc, Giesecke+Devrient, TIS (Treasury Intelligence Solutions), Avatarpay, 5 Challenger banks, Stepstone Corporate Finance+, and more. Read all about the latest FinTech developments here!
We’ve witnessed rapid growth in the financial landscape over the past decade, this is in part due to a significant increase in investment within the FinTech sector, which ultimately accelerated the digitalization of our transactions.
On my flight back to Frankfurt, I was reading an article on how to lead and adapt through a crisis. It was clear to me that to involve our people in our decision-making with open communication was the way to go. After aligning with the leadership team, I took the lead in communicating to all TIS employees already on 3rd of March about the situation.
Forrester researchers predicted that online retail would grow 18.5% in North America in 2020, reaching 20.2% overall penetration. And when looking back at the Christmas season, we noticed it was not only the usual online shoppers ramping up their game.
In our modern lives, each and every one of us is surrounded by what we might term an invisible construction site. We’re talking, of course, about the ever-expanding infrastructure that forms the foundations of the fast-growing API economy!
It’s something of an understatement to say that 2020 has been a challenge for many sectors, with businesses and consumers discovering new ways of living, working, socializing and operating. As part of the new normal of physical distancing, and in just a few months, COVID-19 has changed the world as profoundly as any war or environmental disaster.
Every second of queuing is a lost revenue opportunity, of millions $ for the global retail industry only, while banking industry is shifting into a growing presence of both alternative “digital banks” and personalised financial products from tech companies.
On June 15, 2020, I had the opportunity to sit with Laurence Cooke, founder and CEO of nanopay Corporation and Chair for PayTechs of Canada to gain his perspective about the importance of the national payments system, its evolution and contribution to the Canadian economy.
Biometric Authenticated payments are gaining popularity rapidly in countries which are on the forefront of digital payment developments. With global transaction values estimated at $254 million in 2024, it begs the question not if, but when Biometric payments will be the new industry and consumer standard.
As new digitalized use cases seem to just “happen” in our daily lives, with the so-called Big Techs driving many of these initiatives, what if the act of payment also would disappear completely? Jukka Yliuntinen, VP at Giesecke+Devrient (G+D), gives his views on frictionless payments.
I often get the question from merchants and payment service providers why we don’t charge any cost to the merchants to accept CreditClick transactions. You should re-think the question and ask the opposite: Why are you still paying to accept transactions at all?
A strong technology sector, a resilient financial system, the quality pool of talent, and low business costs put the Toronto Region on the global FinTech map. Not only does the Toronto Region boast being home to the headquarters of major Canadian banks, but it also lays claim to three of the top 60 global pension funds and seven of the largest global hedge fund administrators.
Every day, Sodexo serves 440,000 clients and 36 million consumers, relying on a strong network of 1.3 million affiliated merchants. Payments being a key enabler of their products, they have set up a dedicated team to ensure that we rely on the right capabilities.
The way people pay is changing rapidly, thanks to technological innovation and digitalization. Society is becoming increasingly cashless as more consumers choose to rely on cards, as well as alternative payment methods.
In November, PaymentGenes hosted the last FinTech Expert Session of 2019, partnering up with subscription-based meal-kit company HelloFresh. We spoke with the guest speaker of the event, HelloFresh’s Elaine Nguyen, Senior Payments Manager, about HelloFresh and its payments team.
Digital transformation has enabled FinTech innovations to accelerate globally, with not only new players setting the scene for new ways to do banking but also a constant development of new solutions and services.
AI has already turned into a hot topic among BigTechs and predictions indicate that in 2020, companies within the financial sector will invest $11 billion in AI, in a market that is valued at $191 billion. Making the financial industry leaders in AI expenditure out of all other industries.