With the fifth European Union (EU) Anti-Money Laundering Directive (AMLD 5) coming into force and raising a concern over the fourth AMLD, beneficial ownership is becoming front-and-center for financial firms. “This whole beneficial ownership aspect of a transaction is only becoming more and more important,” Global Data Consortium (GDC)...
In many parts of sub-Saharan Africa, almost 90 percent of all payments and transactions are based on cash. But there is a large opportunity to increase mobile money penetration, as two-thirds of the region is adopting mobile phones. Companies like Cellulant are tapping into this...
To better serve clients and help make their businesses run smoother and more efficiently, FinTech startups are tackling an array of challenges, from data security to card declines to clunky customer experiences. Last month, Modo helped merchants find ways to reduce card declines, DadeSystems sought to...
Merchants are facing a sizable number of card declines, which are stubbornly averaging at around 15 percent. That challenge is not lost on FinTech startups. “Merchants are now getting swamped with declines,” Modo Chief Executive Bruce Parker told PYMNTS in an interview. Yet around 12...
July 03, 2018
In the life of a startup, there’s no better news than growth, be it across new verticals, devices or geographies. As startups such as DadeSystems, FitPay and Jewel Paymentech expand across devices and functions, Tipalti, AvidXchange and Emailage announce new growth for their local, national and global footprints. Here’s all the latest news from startup-land […]
