The intersection of embedded finance and the FCA’s Consumer Duty is set to redefine the landscape of consumer finance, requiring firms to ensure that financial products and services marketed and sold drive quality outcomes for consumers. This regulatory shift, effective from July 31, 2023, aims to uphold quality consumer outcomes by establishing a standard that mandates financial products and services
In a significant move to revolutionize AP automation, Mekorma has unveiled impressive updates to its Remote Payment Services (RPS) under the Payment Hub solution. Announced on December 2, 2024, these updates are designed to offer secure, cost-effective, and highly adaptable payment solutions to their extensive client base of over 5,000 customers. The introduction of pay-per-transaction pricing with free virtual credit
The recent investment of $8 million in Ethena (ENA) tokens by Pantera Capital has drawn considerable attention and speculation within the cryptocurrency community. This substantial purchase was executed within a 24-hour timeframe and is part of Pantera’s ongoing strategy to increase its ENA holdings, which it has been diligently pursuing over the past three weeks. This concerted effort underscores robust
In a significant move aimed at enhancing its platform’s capabilities, Spendesk, a spend management platform for mid-sized businesses, has officially launched Spendesk Financial Services, its own payment institution. This development gives Spendesk the autonomy to control its payment services infrastructure, marking a substantial milestone in the company’s growth. Regulated by the ACPR and backed by a partnership with Visa, Spendesk
Payit™ by NatWest, the innovative open banking payments solution, has recently made its debut on the Interactive Investor (ii) platform. This strategic integration is designed to offer investors prompt and secure options for depositing funds, empowering them to make well-informed investment decisions without enduring unnecessary delays. Utilizing advanced open banking technology and leveraging Account Information Services (AIS), Payit™ by NatWest
In a rapidly evolving digital economy where eCommerce drives much of the commercial activities, the collaboration between MyFatoorah and Mastercard introduces a transformative payment gateway platform aimed at revolutionizing the Middle East’s digital payment landscape. MyFatoorah, recognized as a licensed payment service provider (PSP) in the Middle East, has partnered with Mastercard to offer an enhanced customer experience for over
Salesforce Inc (CRM) is emerging as one of the best stocks to buy for long-term growth, thanks to its strategic investments in artificial intelligence (AI) and cloud computing. The company is well-positioned to capitalize on a favorable macroeconomic environment and a robust technology sector outlook. This article delves into Salesforce’s growth prospects, financial performance, and strategic direction, highlighting why it
Justin Hemmes’ company, Merivale, is facing a hefty $19.25 million payout to former employees following serious allegations of underpayment spanning six years. The prominent hospitality group, which operates over 90 venues across Sydney, encountered a class action lawsuit led by Raymond Boulos and other former employees. The core of their complaint centered on the company’s pay practices from December 2013
Renowned luxury jeweler Fabergé has been commissioned by Konvi, Europe’s premier luxury assets fractional investment platform, to create its first-ever Christmas Egg Objet. This remarkable endeavor marks a milestone in the world of luxury asset investment, offering individuals the opportunity to own a piece of history and splendor that was once exclusively available to the wealthiest elite. The custom-made ‘Christmas
A strategic partnership between Mollie, one of the fastest-growing financial service providers in Europe, and PayPal is set to transform marketplace payments across the continent. By incorporating PayPal into its payment solutions, Mollie aims to provide an expansive, seamless experience for its customers, many of whom already prefer using PayPal. This collaboration marks a significant development in Mollie’s mission to
Imagine a world where forgotten PINs or stolen cards no longer haunt your financial transactions; this future is closer than you think with the advent of biometric payment cards. Biosmart, a leader in the global smart card technology industry, has recently received Mastercard’s Letter of Approval (LoA) for its biometric payment cards. Built on the IDEX Pay platform, this approval
In a significant move aimed at revolutionizing e-commerce payments, Unzer, a leading payment and software solutions provider, has joined forces with Mastercard to enhance open banking account-based payments in Germany, Austria, and Denmark. This strategic partnership leverages Mastercard’s robust Open Banking-driven solutions, integrating them with Unzer’s payment gateways to offer consumers a seamless, secure, and fast transaction experience. By allowing
