The world of financial compliance is ever-changing, with new regulations changing the way that financial information is handled. This can make it difficult for businesses to keep up, especially startups – or new Fintech players – with limited resources.
ASPSPs are key players in the realm of financial technology and a key to open banking. They ensure secure and efficient payment transactions. Let's take a closer look at ASPSPs to better understand why they are so imperative in today's financial system.
When it comes to finance, it's important to know the difference between SWIFT and local payment types. These are vital components for both international and domestic transactions. In this article, we'll cover what they are, what they can do, and how they work.
Peer-to-Peer (P2P) payments have revolutionised consumer finance, offering a lifeline to those who have struggled with traditional banking. By facilitating fund transfers between parties, P2P payments have opened up a world of possibilities for consumers and businesses alike. Since the inception of the technology, the adoption has ballooned.
If you want to outshine the competition, understanding the nitty-gritty of foreign exchange (FX) and revenue generation is key. Fintech companies that rock at optimising their FX strategies and revenue models can gain advantages in the market.
The success of your business relies heavily on making informed financial decisions. While it may seem daunting – gathering all of the data, plotting, and planning – identifying potential risks and addressing them early on can save you from costly troubles down the road.
When it comes to FCA authorisation, fintechs in the UK face a critical decision - whether to pursue the direct authorisation (DA) or the appointed representative (AR) route. This article will help you understand where each route fits, so you can make an informed decision as you navigate the path to authorisation. Weighing the advantages and disadvantages of DA and AR will help you decide which route is most suitable for your startup.
Transaction monitoring is one of the most important tools for ensuring the security and integrity of transactions. By closely scrutinising customers' transactions – deposits, withdrawals, and transfers – organisations can identify suspicious activities, such as money laundering. But how does transaction monitoring work in the context of Fintech? We'll dive into the concept of transaction monitoring, its significance in the industry, and some real-world examples of its implementation.
Cross-border payments are a growing area of opportunity for fintechs. As the global economy becomes increasingly interconnected, businesses and individuals are looking for more efficient and cost-effective ways to send money overseas. This bite-size guide provides an overview of cross-border payments, the benefits and drawbacks, and the different types of payment methods available.
Synthetic identity fraud is a system issue that is causing havoc in the financial sector. It’s an issue that not only affects fintechs, but traditional banks, merchant providers, and consumers. In fact, in the United States, synthetic identity fraud costs banks $6-billion.
GladeFinance is a Fintech startup that aims to streamline payments for companies. It was selected for the Fintech Foundation incubator programme, which supports Fintech startups in taking their businesses to the next level, and has recently launched!
In this article, we delve into Mecena's future plans, the obstacles it has faced, and get to know a little bit about its co-founder, Hugo Hernandez.