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May 20, 2024 | 
finextra.com | Priya Kumari |Sergiy Fitsak |Jamel Derdour |Akhil Rao
Retailers are becoming more aware that their payment data is one of their most valuable assets. As transactions occur within your business, they generate a wealth of valuable data points. By analysing this data, it provides retailers with important insights
to their business.
What is payment data?
Payment data refers to the information generated during financial transactions between a business and its customers.
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May 17, 2024 | 
finextra.com | Sergiy Fitsak |Jamel Derdour |Akhil Rao |Joris Lochy
Introduction
As online payments become increasingly important to businesses worldwide, it is essential to have a reliable and efficient
payment gateway that can handle multiple payment methods, currencies, and jurisdictions. This is where Payment Orchestration comes into play. Payment Orchestration, facilitated by a robust payment orchestration
platform, is a solution that enables businesses to manage their online payments more effectively and efficiently.
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May 17, 2024 | 
finextra.com | Sergiy Fitsak |Jamel Derdour |Akhil Rao |Joris Lochy
Amsterdam, Netherlands – March 21, 2024 – WLPayments/CelerisPay is thrilled to announce its esteemed recognition as the recipient of the prestigious MPE Best Payments Orchestration Solution of the Year Award. This esteemed accolade is a testament to the
company's relentless commitment to innovation, excellence, and dedication in the realm of payment orchestration.
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May 16, 2024 | 
finextra.com | Sergiy Fitsak |Jamel Derdour |Akhil Rao |Joris Lochy
Fintech firms are increasingly reliant on advanced technology to provide innovative financial services.
Gartner forecasts that by 2025, 85% of organizations will prioritize a cloud-first strategy, necessitating cloud-native architectures to meet their digital goals.
Cloud computing is essential for these companies to scale effectively, manage large data volumes, and maintain the reliability and availability of their services.
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May 15, 2024 | 
finextra.com | Steve Morgan |Akhil Rao |Jeremy Boot |Supriya Dahiwelkar
Distinguishing your financial services from competitors is not just an advantage—it's a necessity. Let's explore this concept deeply, showing how modern financial brands can create a significant edge by building digital service advantages on five
critical value levels. While many financial brands stick to outdated designs and "copycat" services, next-gen companies captivate the market by aligning their offerings with evolving consumer expectations.
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May 15, 2024 | 
finextra.com | Steve Morgan |Akhil Rao |Jeremy Boot |Supriya Dahiwelkar
Some estimates put the MSME credit gap in Philippines at around $221 Bn, met only to the extent of $15 Bn. A lot of ground has been covered in recent years on this matter. A core issue, as many practitioners rightly point out, is the lack of formal data. Audited data is hard to come by, records are often not kept as per expectations and many small businesses do their trade in a fragmented way.
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May 15, 2024 | 
finextra.com | Jamel Derdour |Akhil Rao |Joris Lochy |Jeremy Boot
If you've purchased big-ticket items on payment plans or used ride-hailing apps and paid through the app, you've likely engaged with embedded finance. Embedded finance integrates financial services, like loans and debit cards, into nonfinancial products
or services.
But how does this concept translate across different industries? And how can businesses harness its potential?
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May 14, 2024 | 
finextra.com | Jamel Derdour |Akhil Rao |Joris Lochy |Jeremy Boot
In today’s interconnected economy, efficient cross-border payments are crucial for businesses and individuals alike. Yet, traditional payment methods often face challenges such as delays, high costs, and limited transparency. Fortunately, recent innovations
in financial technology, notably the adoption of the ISO 20022 messaging standard and machine learning, offer promising solutions to these issues.
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May 14, 2024 | 
finextra.com | Akhil Rao |Joris Lochy |Jeremy Boot |John Bertrand
In recent years, the financial industry in the UK and Europe has undergone a significant transformation driven by a number of factors including the advent of open banking. This innovative approach to banking not only promises greater convenience for consumers
but also spurs innovation, and facilitates financial inclusion. As open banking continues to gain momentum, its impact on the financial landscape of the UK and Europe is becoming increasingly profound.
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May 14, 2024 | 
finextra.com | Akhil Rao |Jeremy Boot |Supriya Dahiwelkar |Adam Preis
While I did not go there to work in a bank, I ended up in senior operations and change leadership roles for the lending business of ANZ, one of Australia’s biggest banks, for nine years. What I experienced there has informed how I see technology enabling
transformation and left me considering how Australian banks absorb technology can offer lessons to others.
Australia is a tightly packed market for banking services.
