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A Tale Of Two Payments Regions: UK And Germany

PYMNTS

But, of course, no two consumers are exactly alike – especially when comparing consumers across different regions of the world. Consumers need reassurance that mobile is secure. The not-so-obvious factor is a concern over security. The emergence of contactless payments is shifting consumer behavior.

Regional 100
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Where Does Chime Go From Here?

Gonzobanker

That’s similar to MoneyLion, whose Q2 2023 securities filing claimed the company had “nearly” 10 million customers. Because banks like Bank of America, Chase, Wells Fargo and other large regional banks have highly diverse product lines, making a direct comparison of number of customers nearly impossible.

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State of Fintech Q2’22 Report

CB Insights

While Europe fintech funding sank across most fintech sectors, wealth tech startups in the region saw funding increase. Startups in the space secured 188 deals, a 36% increase QoQ. On the whole, the top 10 investors funded 27% fewer companies in comparison to the previous quarter.

Fintech 100
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Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters? Open Banking Attacks

PYMNTS

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. FIs therefore cannot afford to drag their feet on implementing open banking, but many may be concerned that third-party access to customer data will exacerbate security challenges.

Security 151
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GDPR, Impactful And Showing Its Face(book)

PYMNTS

The tally, overall, is still rather healthy, with 376 million users still extant in the region. And it pales in comparison to the 2.2 The fact remains, too, that the firm will be boosting investment in security initiatives – enough so that profitability is impacted. billion users listed in total.

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Why The SCA Delay Is Both An Opportunity, Challenge

PYMNTS

The benefits could be quite significant in terms of providing additional security and, ultimately, a better consumer experience. Hungary, by comparison, has announced a shorter time frame than the U.K. There will also be more time to experiment with SCA solutions that are not only secure, but provide an improved customer experience.

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Mastercard Bets On Biometric Cards To Advance Inclusion

PYMNTS

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. In the U.S. Because where there is high demand, there is the possibility of scale.

Cards 187