Industry news
Finastra’s Compliance-as-a-Service enables US and European banks to comply with instant payment infrastructures, such as FedNow and TIPS.
Eileen Chibb joins Trustly as chief operations officer, having previously worked at buy now, pay later provider Klarna and Jussi Lindberg has been appointed as chief revenue officer, from Adyen.
Joris Hensen, founder and co-lead of Deutsche Bank’s API program, explains why building and offering APIs “may take more time than expected”.
Monzo customers will be able to start investing via the app, with three multi-asset BlackRock-managed funds to choose from.
Form3 will use the investment to develop new products and services, and expand into new territories.
Research by Checkout.com in the US, UK, France and Germany revealed merchants in those countries missed out on $50.7 billion in revenue, due to poor payment performance.
The new feature eliminates the need for recipients’ bank account details, making it particularly useful for issuing non-card refunds, returning deposits, and sending one-off payments.
Andrew Lewis joins as chief risk officer from Aldermore Bank and has previously worked at NatWest, while current Metro Bank chair Robert Sharpe will chair the board.
The financial services software solutions provider has integrated Mastercard’s commercial payments and Open Banking capabilities into its card management, embedded finance and SME lending platforms.
The latest offering from PayPoint makes it the first Open Banking provider to offer bank-to-bank payments to pay-as-you-go customers.
