HSBC UK has rolled out sweeping variable recurring payments (VRP) to all its personal and business customers who use open banking services. Businesses and customers can utilize VRP to make recurring payments of different quantities without having to re-authenticate for each one. The Competition and Markets Authority has instructed the top UK banks to implement VRP.
BillingPlatform, the enterprise monetization platform for today’s innovative business models, today announced that InComm Payments, a leading payments technology company, has selected BillingPlatform as its enterprise billing solution. InComm Payments chose BillingPlatform for its flexible data model, modern and intuitive interface, and the ability for non-technical users to configure the system to support the unique
What is Conversational AI? Conversational AI is the use of Machine Learning (ML) to allow humans to engage organically with devices, machines, and computers through the use of their own speech. As a speaker speaks, the device uses its own natural-sounding speech to understand and find the optimal answer. Customers can communicate with their bank
Late payments from customers are a frustrating obstacle to managing your business’s cash flow. Read our guide to the steps you can take to deal with overdue invoices. Any business owner will tell you that they have experienced late payment of an invoice at some point. According to the Federation of Small Businesses, one-third of
Vesttoo, a leading insurance risk transfer platform, announced that it had signed a partnership agreement with Clear Blue to supply the latter with reinsurance capacity sourced from capital markets investors, totaling a sum of $1 billion USD. Vesttoo’s mission is to bridge the gap between insurance and capital markets by growing insurance-linked investments as a
Kasisto, creators of KAI, the leading digital experience platform for the financial services industry, today announced a $15.5 million Series C extension, led in the United States by Fidelity Information Services, LLC and internationally by Westpac Banking Corporation, with participation from BankSouth. This brings the total Series C funding to $31 million. Kasisto is the market
WebBank announced an agreement with American Express to become a card issuer and participant in the American Express network. WebBank will be able to issue credit cards and payment solutions with American Express perks as a result of the agreement. WebBank was chosen by American Express as one of its primary issuing banks focused on the fintech industry.
Over the last five years, the discipline of fraud prevention has transformed considerably and continues to evolve swiftly. As a result, prior realities regarding fraud prevention are increasingly becoming myths. Legacy suppliers spread these beliefs in order to stay relevant, but industry leaders recognize the difference and are moving forward. The first widespread misconception we’ll
The property sector across the UK is set for a £3bn boost as specialist bank GB Bank officially launches after receiving its full UK banking license. The Middlesbrough-based GB Bank is now able to go forward with its ambitious plans thanks to the banking license. It has agreed to lend £3 billion over a five-year period.
Forage, a payments processor that makes it easier for grocers to accept SNAP EBT payments online, announced today that it has raised a $22M Series A funding round to accelerate online grocery access for America’s 42 million SNAP EBT recipients. The round was led by fintech specialist firm Nyca with participation from PayPal Ventures, EO Ventures,
Axo, a leading distributor of personal finance products in the Nordic region and portfolio company of Corsair, a leading private equity firm targeting payments, software, and business services investments in the financial services sector, today announced that it has acquired Defero, a digital credit-scoring and financial management platform in the Nordic region. The financial terms
