Open banking

Global Online Payment Fraud Prevention Market Report 2023: Banking, Remote Digital and Physical Goods, and Airlines Emerge as Areas of Focus - Forecasts to 2028

Retrieved on: 
Monday, October 23, 2023
Online, Open banking, Artificial intelligence, SME, ML, Data, United States Senate Homeland Security Subcommittee on Emerging Threats and Spending Oversight, Segmental analysis (biology), E-commerce, Fraud, AI, COVID-19, Machine learning, Online shopping, Retail, Pharmaceutical industry

DUBLIN, Oct. 23, 2023 /PRNewswire/ -- The "Online Payment Fraud: Market Forecasts, Emerging Threats & Segment Analysis 2023-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 23, 2023 /PRNewswire/ -- The "Online Payment Fraud: Market Forecasts, Emerging Threats & Segment Analysis 2023-2028" report has been added to ResearchAndMarkets.com's offering.
  • Merchant losses from online payment fraud will exceed $362 billion globally between 2023 to 2028, with losses of $91 billion alone in 2028.
  • Bolstered by a robust scoring methodology, the newly introduced Competitor Leaderboard ranks the top 21 fraud detection and prevention providers.
  • This includes fraud values for remote digital and physical goods acquisitions and online transactions, the rate of money transfer fraud, and digital banking fraud.

Open Wealth Platform Flanks secures an $ 8m Series A round led by Earlybird

Retrieved on: 
Wednesday, October 18, 2023
Markets in Financial Instruments Directive 2014, Intelligence, JME, Fintech, Early Bird, PSD3, Entrepreneurship, Open banking, API, PSD2, Algorithm, GDPR, Capital, Automation, Cryptocurrency, Financial services, Flank, FIDA, EU

BARCELONA, Spain, Oct. 18, 2023 /PRNewswire/ -- Flanks, an API for automated wealth services, has secured $ 8m in a Series A round led by Earlybird Venture Capital, and followed by the existing investors JME Ventures and 4Founders Capital.

Key Points: 
  • BARCELONA, Spain, Oct. 18, 2023 /PRNewswire/ -- Flanks, an API for automated wealth services, has secured $ 8m in a Series A round led by Earlybird Venture Capital, and followed by the existing investors JME Ventures and 4Founders Capital.
  • By digitizing and aggregating global wealth data across custodians into a single API, Flanks redefines the way financial information is shared within the global wealth management market.
  • Based on the powerful API layer for global wealth data, Flanks helps its clients to improve wealth services at scale.
  • Tim Rehder, Partner at Earlybird, says: "The opportunity for Open Wealth is building the foundation for automation and intelligence in the wealth management sector.

Open Wealth Platform Flanks secures an $ 8m Series A round led by Earlybird

Retrieved on: 
Wednesday, October 18, 2023
Markets in Financial Instruments Directive 2014, Intelligence, JME, Fintech, Early Bird, PSD3, Entrepreneurship, Open banking, API, PSD2, Algorithm, GDPR, Capital, Automation, Cryptocurrency, Financial services, Flank, FIDA, EU

BARCELONA, Spain, Oct. 18, 2023 /PRNewswire/ -- Flanks, an API for automated wealth services, has secured $ 8m in a Series A round led by Earlybird Venture Capital, and followed by the existing investors JME Ventures and 4Founders Capital.

Key Points: 
  • BARCELONA, Spain, Oct. 18, 2023 /PRNewswire/ -- Flanks, an API for automated wealth services, has secured $ 8m in a Series A round led by Earlybird Venture Capital, and followed by the existing investors JME Ventures and 4Founders Capital.
  • By digitizing and aggregating global wealth data across custodians into a single API, Flanks redefines the way financial information is shared within the global wealth management market.
  • Based on the powerful API layer for global wealth data, Flanks helps its clients to improve wealth services at scale.
  • Tim Rehder, Partner at Earlybird, says: "The opportunity for Open Wealth is building the foundation for automation and intelligence in the wealth management sector.

Sensedia and Localight Partner to Revolutionize Local Community and Member-based Commerce

Retrieved on: 
Tuesday, September 12, 2023
Banking, Software, Networks, Other Retail, Professional Services, Fintech, Data Management, Payments, Apps, Applications, Technology, Small Business, Retail, Finance, Open, API, Open banking, Credit union, Online shopping

“In today’s hyper-connected global landscape, it’s equally imperative to nurture local opportunities for small businesses and credit union consumers.

Key Points: 
  • “In today’s hyper-connected global landscape, it’s equally imperative to nurture local opportunities for small businesses and credit union consumers.
  • Localight’s innovative win-win approach encourages community support and simplifies small businesses’ ability to market their products.
  • Localight is not just supporting local businesses; we’re championing a vibrant and sustainable community ecosystem.
  • Sensedia is rapidly garnering acclaim as a trailblazer in AI/API strategy, solidifying its reputation as an industry innovator.

Sensedia Presents FDX's Jean-Paul LaClair on Fintech South's Main Stage, September 12, 2023

Retrieved on: 
Wednesday, September 6, 2023
Professional Services, Data Management, Technology, Software, Fintech, Banking, Dabigatran, FDX, Open, Georgia World Congress Center, API, Head, Multimedia, Congress Center, LaClaire, Documentation, Open banking, ROI, Cryptocurrency, Bank

View the full release here: https://www.businesswire.com/news/home/20230906865092/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230906865092/en/
    "We're thrilled to sponsor the Banking Innovation Track at this year's Fintech South.
  • The event brings together the brightest global fintech leaders to share and learn from each other," said Arthur.
  • LaClair's keynote, Championing Open Finance in North America: FDX and Why It Matters, is September 12 at 2:15 ET on the Fintech South main stage.
  • To see more about Sensedia’s presence at FinTech South, check out a sneak peek here: https://youtu.be/J_E2e6-Sf-w?si=IbS7Y3vT89m67IGq
    Meet with Sensedia representatives at booth 36 during Fintech South, held in the Georgia World Congress Center in Atlanta, GA, September 12 - 13, 2023.

Velo Payments, Inc. to Acquire YapStone, Inc. and Revolutionize the Payments Landscape.

Retrieved on: 
Wednesday, August 16, 2023
STVR, Licensure, MSB, Open banking, Acquisition, SAN, Lease, Retail, Online shopping

Velo Payments acquires YapStone Inc., the leader in vacation rental payment processing.

Key Points: 
  • Velo Payments acquires YapStone Inc., the leader in vacation rental payment processing.
  • John Partridge, CEO of Velo Payments, shared his vision for the forthcoming acquisition: "Since we started Velo Payments, our team has been on a mission to create exceptional payment experiences that make our customers' lives easier.
  • Michael Orlando, CEO of YapStone, expressed his enthusiasm for the future: "The prospect of partnering with Velo Payments sparks an exciting new chapter for YapStone.
  • For more information about Velo Payments and YapStone, visit www.velopayments.com and www.yapstone.com .

Market launch of the Funding Portal completed with successful go-live of seven development banks: CREALOGIX expands its position in public finance.

Retrieved on: 
Wednesday, July 26, 2023
Partnership, Bremer, Execution management system, Investitionsbank Berlin, ILB, The Funding Portal, Research, ISB, Public sector, Investment, Senior, Open banking, BAB, Automation, Renewable energy, Cryptocurrency, Sales, Verein für Hamburgische Geschichte

Market launch of the Funding Portal completed with successful go-live of seven development banks: CREALOGIX expands its position in public finance.

Key Points: 
  • Market launch of the Funding Portal completed with successful go-live of seven development banks: CREALOGIX expands its position in public finance.
  • CREALOGIX has completed the launch of its customer portal at seven public finance institutions.
  • The portal for the comprehensive digitisation of application channels at development banks has been successfully launched and marks a significant milestone in the public finance sector.
  • "The successful launch of the Funding Portal is an important milestone in the implementation of our growth strategy in the public sector,” explains Oliver Weber, CEO of CREALOGIX.

Moneyhub and MX Partner to Drive Global Adoption of Open Finance

Retrieved on: 
Thursday, July 6, 2023
Partnership, MX, Partner, Organization, Investment, Open data, Growth, API, Open banking, Bank, Online shopping, Retail, LEHI

LEHI, Utah, July 6, 2023 /PRNewswire/ -- Moneyhub, the award-winning data and payments platform built on the principles of Open Banking and Open Finance, has today announced a strategic partnership with MX Technologies, Inc., a leader in Open Finance in North America. This partnership enables Moneyhub and MX to leverage each company's capabilities and networks to help drive positive outcomes for organizations and consumers in both Europe and North America.

Key Points: 
  • LEHI, Utah, July 6, 2023 /PRNewswire/ -- Moneyhub, the award-winning data and payments platform built on the principles of Open Banking and Open Finance, has today announced a strategic partnership with MX Technologies, Inc., a leader in Open Finance in North America.
  • Through this partnership, Moneyhub will be able to refer clients to MX for support in North America, while MX can in turn refer clients to Moneyhub who have a need for open finance solutions in European markets.
  • The partnership will help accelerate the adoption of Open Finance across North America and Europe, continuing to drive the industry shift on a global scale.
  • Samantha Seaton, CEO at Moneyhub comments: "Forming a strategic partnership with MX is an exciting development for Moneyhub.

SAP Fioneer launches tailored SME banking offering

Retrieved on: 
Thursday, June 22, 2023
Workforce, SME, API, Open banking, GDP, ERP, B2C, Cryptocurrency, Bank, EU

WALLDORF, Germany, June 22, 2023 (GLOBE NEWSWIRE) -- SAP Fioneer, a leading global provider of financial services software solutions and platforms, has announced the launch of its Fioneer SME Banking Edition.

Key Points: 
  • WALLDORF, Germany, June 22, 2023 (GLOBE NEWSWIRE) -- SAP Fioneer, a leading global provider of financial services software solutions and platforms, has announced the launch of its Fioneer SME Banking Edition.
  • Fioneer SME Banking Edition addresses these challenges by connecting banks to external data sources such as Open Banking, central company registry, e-commerce and Enterprise Resource Planning (ERP) data, to form actionable insights that significantly help SMEs to stay ahead.
  • As a unique end-to-end solution, Fioneer SME Banking Edition covers front-to-back capabilities and seamlessly integrates with any core banking system.
  • Through our SME Banking Edition, banks will be able to create commercially viable, unique and better banking experiences for SMEs that will help them to stay ahead in a challenging economic environment.”
    “The introduction of our Fioneer SME Banking Edition significantly strengthens how banks interact with SMEs.

Changing Payment Preferences and Rising Fraud Create a Tough Operating Environment for Finance Leaders

Retrieved on: 
Tuesday, June 13, 2023
PSD2, California Consumer Privacy Act, ISO, CCPA, ACH, Research, Federal, Finance, Net income, NPA, Risk, FedNow, Open banking, Behavior, Cryptocurrency, Bank, Online shopping, Fraud

LONDON and PORTSMOUTH, N.H., June 13, 2023 (GLOBE NEWSWIRE) -- Bottomline, a leading provider of financial technology for businesses and financial institutions globally, revealed today that finance leaders in Great Britain and the United States are facing a tough operating environment, with over 80% of businesses (82% in GB and 88% in the US) forced to accept new payment methods in the last 12 months. Financial decision-makers are also continuing to tackle a rise in fraudulent activity, as 39% of GB and 35% of US businesses experienced payments fraud over the last year.

Key Points: 
  • “Rising inflation, economic fluctuations, geopolitical tensions and rapid technology shifts have created a challenging operating environment that many finance leaders may not have faced before,” said Craig Saks, President and CEO, Bottomline.
  • Additionally, more companies in GB have started using new payment methods such as Request to Pay (Open Banking PISP) and instalment plans/deferred payments.
  • Globally, businesses continue to battle increasing waves of financial fraud, exacerbated by the hybrid working environment and enhanced payment technologies.
  • In the US, adoption is difficult to gauge since true real-time payment rails were only introduced in 2017.