Fintech's Role in 2022

KRISHNA DIXIT | January 27, 2022 | 156 views

In 2021, financial services had another moment: fintech fundraising eclipsed all previous years. It was a breakthrough year for fintech IPOs and fintech mega M&A activity was at an all-time high. Just before the end of the year, we saw one of the largest fintech IPOs, with Nubank raising $2.6 billion (as the largest digital bank), one of the largest fintech M&As with Square acquiring Afterpay for $29 billion. It was the first ever direct listing in the UK with Wise and the first fintech/crypto direct listing with Coinbase, and multiple fintech SPACs.

1. The arms race between fintech and bank consolidation continues

More fintech mergers and acquisitions occurred in 2021 than ever before, and this trend is expected to continue. According to a report, by the third quarter of 2021, 42 fintech startups will have been unicorns.
Through M&A, we anticipate that more cash-rich fintech firms will seek new methods to expand and drive growth. We may also see more of a seismic shift when banks partner with fintechs to provide new services to their consumers that they are unable to provide on their own.

2. The battle for the customer is heating up

Financial services and products do not come in a one-size-fits-all format. What works for one person may not work for another, and the good news is that financial institutions are now getting the message.

As the internet continues to lower the barrier between consumers and retail banking, similarly as it has in many other industries, there will be a greater emphasis on digital banking solutions that are specifically customized for specific customer segments.

3. Enhanced regulatory monitoring in various areas of fintech

With the growing relevance of fintech in the lives of ordinary Americans, there will be increasing regulatory scrutiny. This, we believe, is a positive development for the sector. Many of the authorities that examine financial services firms will have new representatives in the coming months. We anticipate that this will lead to further regulation of fintechs, particularly in the emerging sectors of BNPL and crypto.

4. Every business will become a fintech

This next prediction has been in the works for several years and will only pick up steam in 2022. More financial services will be integrated into non-financial organizations, such as Uber, allowing us to pay directly through the app or tipping for your pizza delivery on the app.
Financial institutions will strive to reduce the banking and payment barriers in order to provide a more seamless experience for customers.

As a result, my prediction for 2022 is that there will be a significant shift away from things people don't know and comprehend and toward things they do know and understand. It's known as the "Great Regression.” Back to banking and away from technology.

One factor stands in the way of this viewpoint. Cryptocurrencies.
I don't see people abandoning bitcoin and ETH. Why? Perhaps they are becoming more trustworthy than the dollar and the euro. As a result, the crypto ball will keep rolling while the FinTech ball will slow.  That would be my forecast for 2022. I could be incorrect, but the bottom line is that cryptocurrencies continue to climb while FinTech ventures fall.

The next few years will see a significant decline. It all started in China, with the cancellation of Ant Group's $300 billion IPO. It is certainly happening in Europe and America right now.

What exactly is the Great Regression? It's a reversal of technological development. People are not going to reject technology. Governments and regulations are to blame.

Indeed, the fallout from Big Tech is likely to have an impact on FinTech. As governments crack down on FATBAGs, they will also be scrutinizing FinTech unicorns and their ilk. They may enjoy parts of it, but the Big Regression will occur, particularly in FinTech, as authorities demolish some of the unregulated industries that they now wish to regulate.

We've already seen P2P lending stall and, in some areas, fail. For example, Zopa has recently discontinued peer-to-peer lending. Then we see it in crowdfunding, when Kickstarter is having difficulty kicking off or starting. And we may see governments tightening their grip on everything from BNPL to cryptocurrency exchanges and bitcoin mining.

Part of this is due to the actions of governments and regulators, while part is due to the perspective of customers and users. Consider the level of confidence in Facebook. It's no surprise they've changed their name to Meta.

What key ideas do you think fintech will tackle in 2022?

Cryptocurrency is permeating all financial services.

"Is it an internet company?" was a common question twenty years ago. Nowadays, (nearly) every business is an internet business. "Is it a mobile company?" was a typical but now archaic inquiry ten years ago. Similarly, we will soon stop asking, "Is it a crypto company?" because most organizations, beginning with the financial services industry as a whole, will include a crypto component.

As cryptocurrency gains traction in users' thoughts, banking apps are including crypto items in order to increase wallet share. For example, Robinhood began with stock trading and now offers some crypto trading; certain neobanks allow consumers to earn better rates through DeFi (decentralized finance); and larger banks are still experimenting with crypto products. In 2022, new crypto infrastructure will be constructed for transfers, wallets and yield as a service, custody, and other purposes, allowing users to continue to integrate and manage their digital assets in both their fiat and crypto financial lives. We'll also see a new wave of fintech firms powered by crypto infrastructure on the back end, as well as what some refer to as “DeFi mullets” (fintech in the front, DeFi in the back).

Every healthcare organization is a fintech organization.

As previously said, fintech products enable vertical SaaS organizations to diversify into other revenue streams. We see three areas where fintech capabilities can accelerate the sector in 2022 in healthcare — a system that accounts for 20% of our nation's GDP. These include consumer payments and loans, provider practice enablement, and insurance. Healthcare payments are particularly complicated because of our country's third-party payor structure, in which providers charge for services, payors compensate, and consumers receive the service.

As a result, a generalist solution, such as Stripe, is unlikely to deliver the full set of features required to comprehensively support a medical practice, such as regulatory compliance and health plan integration. This opens the door for vertical-specific payment gateways and financing products, such as "buy now, pay later" (BNPL), to assist consumers in financing their healthcare bills and reduce the risk of bankruptcy due to unanticipated medical expenses.

On the provider side, BNPL has the ability to increase collection rates, which can be as low as 20% in some places. Emerging fintech technologies are also being developed to assist provider practices in normalizing existing business models into "per member per month" (PMPM) agreements by bearing risk, as well as adding billing capabilities for additional service lines to diversify revenue and margin streams.

Finally, the unbundling and rebundling of traditional health insurance has resulted in the development of new fintech platforms that enable the emergence of unique insurance coverage products aimed at individuals and enterprises. These firms modularize the underwriting, claims processing, provider network management, and usage management technologies that enable enterprises to manage risk across their covered populations in more agile, cost-effective, and transparent ways.

We see the potential for fintech to rewire incentives and eliminate inefficiencies in healthcare services and software, paving the way for a more value-oriented healthcare system.

Fintech strives for carbon neutrality.

Have you noticed that Google Maps' default option now steers you to the most fuel-efficient routes? Or how do billers open your account with the "paperless statements" box checked?
This form of environmentally conscious configurability is on its way to fintech. Consider a checkout experience in which switching between debit, credit, ACH, PayPal, BNPL, and all the other payment methods accessible in 2021 reveals which is the least destructive to the environment for that specific merchant. Or, even better, which includes the option for you to add $x to your purchase in order to offset the emissions of whichever route you choose.

Improvements in emissions data infrastructure and technology are making this increasingly achievable. With companies like Patch, Capture, and Wren making it easier for businesses and individuals to not just understand but also act on their carbon footprint, payment providers, neobanks, logistics organizations, and others will almost certainly embed and more will likely embed carbon offsetting optionality into their products.

However, it is yet to be seen what will inspire consumers to choose greener products or delivery systems over ones that may be more convenient. Today, green alternatives in commerce tend to be the most expensive, just as the eco-friendly route on Google Maps may be the slowest. Startups at the crossroads of climate and finance will need to devise unique incentive structures that make eco-friendly solutions not only more responsible, but also more accessible and rewarding than their legacy rivals. Consider greater APYs, lower APRs, higher returns, or fewer fees.

One of our favorite case studies in this field is Powerledger, a blockchain platform for peer-to-peer energy trading, and Carlton United Brewery, an Australian beer firm. When Carlton declared a goal of being completely powered by renewable energy by 2025, they collaborated with Powerledger to create an eco-friendly beer drinker's dream loyalty program: excess energy for kegs. Customers of Carlton's might sign up to exchange excess energy generated by their solar panels for beer delivered directly to their houses.

We've observed significant inflation in digital client acquisition channels (FB & GOOG) in recent years as competition has increased and modifications like Apple Ad Tracking have made attribution more difficult. To increase competition, the great majority of fintech firms have concentrated their efforts.

To increase competition, the great majority of fintech companies have concentrated on the same client profile (subprime), with the same product offering (e.g., banking, investing, lending), and a set of ever-increasing consumer subsidies to join (free money on the internet!). In the face of increasingly competitive and restrictive digital acquisition channels in 2022, how will a corporation differentiate itself?

We believe there are two options: the greatest companies will accomplish growth through products that lend themselves to product-led growth, or partnerships will represent non-inflationary distribution opportunities.

On the product side, today's products are becoming tomorrow's primitives; merely providing a bank or brokerage account is no longer enough to differentiate, as new APIs make it exceedingly simple to integrate the fundamental services of banking (e.g., saving, spending, lending, investing) into almost any app experience.

Instead, the products that grab the imagination of consumers will remix these primitives in new and creative ways that harness communities, crypto, and commerce. We anticipate seeing more multiplayer products driving product-led development in particular — money is inherently multi-player (means of exchange!), but financial products have primarily been single-player to date.

On the collaboration front, Credit Karma has already partnered with the Houston Rockets and Chime has partnered with the Dallas Mavericks, as well as the guideline distribution deal with Gusto and the Melio distribution deal with Intuit. Though these channels have price leverage and may raise costs over time, they represent the kind of stability and volume in both acquisition costs and acquisition supply that has been generally lacking in digital marketing channels as of late.

Companies that have historically been the best in class at direct-to-consumer marketing are increasingly looking to business development and partnerships for continuing growth, and we predict this trend to continue far into 2022.


Fintech will become more prevalent in emerging markets.

This year has seen a surge in startup activity, record funding, and notable exits in emerging markets. The Nubank IPO, in particular, was a watershed moment for Latin America and fintech globally, signifying a huge exit in Latin America and spawning a new generation of founders. The year 2022 will see increased investment and innovation in financial services throughout emerging nations.

Historically, there has been a lot of B2C fintech in emerging economies, but now we will see more B2B aiding small businesses and enterprise customers with digitizing and optimizing payments, more efficiently paying personnel, sourcing supplies, handling accounting, insuring themselves, and more.

Moreover, new modern APIs will enable businesses to make payments, access bank account information, issue cards, bridge crypto, and authenticate identification, among other things. Companies will be able to tap into contemporary infrastructure rather than manually building one-off integrations with existing banking systems, allowing them to launch new fintech products at a lower initial cost. There must be sufficient demand to warrant new infrastructure, and we are approaching the point in the ecosystem where this makes sense.

Nevertheless,  rather than looking to the United States and Europe for inspiration, developing business models will increasingly look to other emerging markets. There are a variety of business models and feature sets that are more suited to emerging markets based on existing user behavior, regulation, and level of digitization. For example, India and Latin America have seen a number of homegrown B2B marketplaces (with embedded fintech) that do not exist in the United States or Europe, in part because these marketplaces provide small businesses with access to things like credit and logistics, which are often prohibitively expensive and time-consuming to find elsewhere in emerging markets.

We've seen business models such as superapps (both consumer and enterprise-focused) and community buying platforms grow, as well as feature sets for investment apps, such as starting with funds rather than stock trading.

Entrepreneurs in these places are already interconnected, as we can see. We’ve encountered founders in Sao Paulo who are establishing small business accounting infrastructure and getting regular advise from peers in Jakarta over WhatsApp. Entrepreneurs in Lagos are looking for business model ideas for their B2B marketplaces in Karachi. COVID hastened numerous technological developments, but it has also significantly shrunk the world.

The first wave of insurance startups concentrated on bringing previously offline operations online, leaving the majority of the underwriting process intact.

With a prolonged low interest rate environment, carriers have been more willing to test new markets and strategies to find yield. That, combined with a lack of scale in the insurance start-up ecosystem compared to the rest of the market, had many capacity partners treating new entrants as test partners to learn and try to find new profitable strategies. As interest rates rise and markets harden, a renewed focus on underwriting differentiation and profitability will become a priority, potentially driving acquisitions in the gen1 insurtech world as well as new entrants focused on monetizing underwriting advantages.

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Emerging Payments Trends: Reshaping B2B Transactions

Article | September 6, 2021

Experience the paradigm shifts in B2B transactions driven by emerging payments trends and gain a competitive advantage by integrating these payments technology trends into business strategies. Contents 1. Introduction 2. Importance of B2B Payments Trends 3. Top 10 B2B Payments Trends 3.1 ACH as a Preferred Alternative to Check Payments 3.2 Data and KPIs for Effective B2B Payments 3.3 Mitigation of Duplicate Payments 3.4 Versatile Payment Options 3.5 Rise of Payment Process Automation 3.6 Digitizing AP and AR 3.7 Virtual Card Transactions 3.8 RTPs in B2B Transactions 3.9 B2B Payments within US Middle Market 3.10 BNPL: A Game-Changing Payment Option 4. The Path Ahead 1. Introduction In B2B transactions, emerging payments trends are orchestrating a transformative shift. Innovations in digital currencies, blockchain-based systems, mobile payments, and real-time settlement mechanisms empower enterprises with enhanced efficiency, security, and global accessibility. This metamorphosis in payment methods redefines the essence of business fundamentals, enabling businesses to thrive in an interconnected economy. 2. Implications of B2B Payments Trends for Businesses The significance of B2B payments trends lies in their capacity to optimize financial transactions, bolster operational efficiency, reduce costs, and ensure global accessibility. Adhering to these global payments trends is imperative for enterprises seeking a competitive edge and improved customer satisfaction. Embracing innovative payment solutions fosters heightened security measures, integration within the digital ecosystem, and data-driven insights, enabling businesses to make informed decisions and prepare for future changes. Moreover, following these payments trends ensures regulatory compliance and ethical operations, positioning companies for sustainable growth and success. 3. Top 10 B2B Payments Trends These digital payments trends, ranging from innovative payment technologies to evolving customer preferences, offer the potential for enhanced efficiency, security, and convenience. Adapting to these emerging B2B payments trends 2023 can allow organizations to gain a competitive edge and position themselves at the forefront of industry advancements. 3.1 ACH as a Preferred Alternative to Check Payments This B2B payment trend gradually departs from check payments, with ACH transactions becoming a favored method for organizations beyond manual checks. However, it comes at a considerable cost to the payer as well as the payee and may expose businesses to fraud risks. An alternative approach is issuing physical credit cards to employees in charge of purchases, resulting in enhanced convenience, reduced invoice and expense reimbursement requests, and potential organization-wide rebates. Nevertheless, US companies should consider that not all suppliers readily accept credit card payments due to associated processing expenses. Furthermore, implementing credit card usage necessitates dedicated staff to manage the program effectively. 3.2 Data and KPIs for Effective B2B Payments The current dominant trend in B2B payments involves companies relying on leading indicators, which provide present data for pursuing future objectives. Unlike lagging indicators that only reflect past performance without impacting future outcomes, leading indicators (current data providing insights for predicting and influencing future B2B payment performance) offer valuable insights despite being more challenging to measure. US corporate payment practices leverage these leading indicators for more timely and accurate payments. For instance, analyzing invoice processing times helps identify bottlenecks, leading to reduced payment delays and a subsequent decrease in backlog. This optimization empowers businesses to access early payment discounts, rebates and avoid late fee penalties, resulting in improved financial outcomes and enhanced payment efficiency. 3.3 Mitigation of Duplicate Payments Avoiding duplicate payments has become a critical priority for companies, particularly during economic uncertainty. Duplicate payments disrupt cash flow and consume valuable time and resources to rectify the errors. Currently, around 1-2% of all payments are duplicates, which can be a mere annoyance under normal circumstances but can significantly impede an organization's operations during an economic downturn. Therefore, in 2023, it has become even more crucial for companies to establish a standardized, team-wide policy to prevent payment duplication. This involves adopting a centralized location for invoice receipt and requiring suppliers only to submit duplicate invoices once the payment deadline has passed. Implementing such measures will safeguard companies from making additional payments they cannot afford during times of financial crisis. 3.4 Versatile Payment Options Companies are increasingly prioritizing payment option flexibility to cater to changing consumer preferences. Similar to the convenience and flexibility consumers seek in online transactions, companies now prioritize contactless options, multiple payment methods, and streamlined one-click purchasing for B2B transactions. Staying competitive in the market is paramount, as businesses currently offer at least four payment options, including digital wallets, real-time payments, wire transfers, and traditional credit card payments. The emphasis on payment flexibility is essential for B2B payment practices moving forward, enabling companies to effectively adapt to changing customer preferences and industry standards. 3.5 Rise of Payment Process Automation Payment process automation has evolved into an indispensable necessity, driven by the dwindling use of checks, heightened demand for flexibility, and an emphasis on expeditious transactions. Previously, the manual management of B2B payments had posed mounting challenges, but the paradigm has now shifted, rendering automated solutions not only vital for 2023 but also for the foreseeable future. By harnessing cutting-edge software to integrate, streamline, and automate various manual processes, payment process automation empowers businesses to achieve significant time savings, error reduction and eliminate approval bottlenecks. Moreover, with an increasing number of professionals adopting remote or hybrid roles, payment automation's centralization and cloud-based nature offer seamless access to crucial data from diverse devices, transcending geographical boundaries and time zones. 3.6 Digitizing AP and AR To stay competitive, digitizing accounts payable (AP) and accounts receivable (AR) processes is essential. While adopting digital methods for business transactions became vital during the pandemic, it has become an undeniable requirement for businesses. Embracing the digitization of AP and AR processes promises numerous advantages, including streamlined workflows, enhanced collaboration and transparency, error prevention, and simplification of payment collections. This transformation reduces late payments, prevents banking fraud, and fosters more substantial client and vendor relationships. 3.7 Virtual Card Transactions The payment trend of virtual cards is gaining significant momentum due to the growing demand for enhanced security measures and fraud prevention. Virtual cards, which offer temporary card numbers with limited transaction capabilities, effectively mitigate risks by restricting usage exclusively to the authorized and designated payment amount. Consequently, the adoption of virtual cards has surged as they minimize the vulnerability of personal account data following potential data breaches. 3.8 RTPs in B2B Transactions Real-Time Payments (RTP) have emerged as a cutting-edge payment solution characterized by instant initiation, approval, and settlement. Fueled by the surging popularity of digital and alternative payment methods, RTPs have witnessed remarkable growth and widespread acceptance. Prominent B2B use cases feature bill pay, payroll, and request-for-pay, focusing on enabling instant payments for gig workers, such as freelancers and contractors. As businesses increasingly recognize the potential benefits of RTPs in B2B scenarios, traditional payment methods are likely to be rapidly replaced due to the unparalleled advantage of RTPs in delivering instant settlements, ensuring enhanced convenience and efficiency, paving the path for RTPs to become the prevailing norm across all transaction types. 3.9 B2B Payments within US Middle Market The current B2B payment trend revolves around a heightened emphasis on the US Middle Market, which has historically required payment solutions advancements. As domestic and international players venture into the US middle market, critical payment pain points will be addressed, including high processing costs, payment delays, manual AP processing, fraud risk, limited transaction visibility, supplier payment methods, and remittance data processing. Financial institutions must closely monitor these challenges, with the US middle market striving for better representation in the payments domain. This sector is expected to become a significant hub for payments-related businesses, underscoring the escalating demand for enhanced B2B payment processes. 3.10 BNPL: A Game-Changing Payment Option The B2B payment trend of Buy Now, Pay Later (BNPL) has emerged as a prominent alternative payment method, gaining immense popularity since the advent of the Covid-19 outbreak. BNPL enables customers to opt for time-limited financing through interest-free installment loans, while businesses receive total payments from a third-party payment services company. BNPL is poised to play a pivotal role in the e-commerce payment infrastructures, prompting retail companies to incorporate and integrate BNPL services into their payment systems strategically. 4. The Path Ahead The future of B2B payments is on the brink of a remarkable transformation, promising to revolutionize how financial professionals handle transactions. These emerging payments trends unlock vast opportunities for efficiency, security, and growth, compelling financial experts to stay ahead. Embracing digitalization and innovative payment methods will enable faster, transparent, and secure transactions, while virtual cards and blockchain will deliver unprecedented protection against fraud and data breaches. By harnessing the potential of these advancements, financial professionals can elevate their roles and drive strategic decision-making, leveraging technology's power to their advantage. The world of B2B payments is marked by innovation and efficiency, presenting an exciting journey for financial professionals to navigate, excel, and create unparalleled value for their organizations and clients.

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Core Banking, Fintech

Leading the Way: Top B2B Payments Companies Shaping the Future

Article | March 28, 2023

Explore the cutting-edge realm of B2B digital payments, guided by innovative B2B payments companies that are reimagining conventional approaches and paving the way for future innovations in the field. As business to business payments companies strive for greater efficiency, transparency, and security in their financial transactions, a select group of organizations has emerged as the driving force behind this remarkable transformation. These 25 B2B payments companies are reshaping how businesses exchange funds and ushering in a new era of financial innovation. From game-changing startups to established industry leaders, these digital payments companies are reimagining traditional payment methods, leveraging cutting-edge technologies, and introducing groundbreaking solutions to streamline processes and empower businesses worldwide. 1. Akurateco Payment Hub Akurateco, a leading payment solution provider, gives users complete control over their payment gateway. With a customizable, white-label solution, B2B payments tech companies can quickly establish their own PCI DSS-compliant gateway within a brief timeframe. The platform boasts an extensive network of over 250 connectors to banks and payment methods worldwide, enabling seamless global transactions through a single integrated platform. Its user-friendly interface and branding options allow clients to customize their system and payment pages easily. Additionally, Akurateco's Smart Routing and Cascading features empower businesses to select the most suitable payment provider for each transaction, enhancing conversion rates and reducing costs. Furthermore, its proprietary fraud prevention system ensures maximum protection against fraud and chargebacks. 2. APEXX Global APEXX is a leading payment orchestration platform, seamlessly combining gateways, shopping carts, and alternative payment methods into a unified integration. With a strong focus on enterprise-level customers, this B2B digital payments company provides strategic guidance to streamline global payment service provider relationships, consolidating reporting and transactional data into a centralized interface. Its collaborative approach has resulted in significant cost savings and increased international sales for clients as they leverage the platform's expertise to navigate the acquiring landscape and negotiate highly competitive pricing. Offering holistic solutions for face-to-face and e-commerce transactions, APEXX ensures that businesses receive the most comprehensive and cost-effective payment capabilities. Additionally, APEXX integrates with various essential services, including EPOS systems, VAT calculation tools, AML management services, banking services, foreign exchange platforms, and fraud & chargeback management software, to further streamline merchant operations. 3. BlueSnap BlueSnap takes a distinctive payment approach, focusing on revenue growth and cost reduction. It empowers businesses to accept payments globally while simplifying the entire payment process. The company offers comprehensive back-end solutions that support various sales channels, including online, mobile, marketplaces, subscriptions, invoice payments, and manual orders. With a single integration and contract, businesses gain access to a vast geographical reach, covering over 200 countries, localized acquiring in 47 countries, support for 110+ currencies, and over 100 global payment types. BlueSnap's offerings include eWallets, automated accounts receivable, fraud protection, chargeback management, compliance solutions, and unified global reporting. With US and EU headquarters, along with being backed by top private equity investors, B2B payments companies like BlueSnap are well-positioned to deliver reliable and practical payment solutions to businesses worldwide. 4. CellPoint Digital CellPoint Digital aims to revolutionize the payments sector by empowering payments companies for business enterprises globally. It enables clients to turn payments from a cost center into a source of increased profitability. With a focus on optimizing the payment experience, CellPoint Digital's innovative solutions provide valuable insights into the payment ecosystem, enabling clients to enhance transaction approvals, reduce costs, and gain greater control over their payments. Its platform simplifies the complexity of numerous card schemes, alternative payment methods, and processors, utilizing intelligent routing to deliver remarkable success for its clients. With offices across the globe and a commitment to personal accountability and client success, CellPoint Digital continues to redefine the payments industry through its unwavering dedication to excellence, integrity, and innovation. 5. Dwolla Dwolla is a leading fintech company empowering innovative organizations with advanced account-to-account payment solutions. Its comprehensive platform, supported by a low-code API and a vast partnership ecosystem, simplifies integrating diverse payment networks, providing businesses with a seamless end-to-end payment solution. By leveraging Dwolla's cutting-edge payment technology, enterprises can gain the ability to program payments in real-time, enabling transactions to be processed on the same day or directly to a debit card, 24/7. Whether startups or Fortune 500 companies, clients can achieve remarkable efficiency, enhanced flexibility, and improved cash flow by partnering with Dwolla, all with minimal development efforts required. 6. Finix Finix is a renowned company specializing in simplifying payment processing for software platforms of all sizes, simultaneously driving revenue growth and reducing costs. With a strong reputation for reliability, Finix is trusted by startups as well as publicly-traded companies to construct and expand their payments infrastructure. Headquartered in San Francisco, the company operates as a privately-held entity. It has secured substantial funding from prominent investors such as American Express Ventures, Bain Capital Ventures, Homebrew, Inspired Capital, Lightspeed Venture Partners, Sequoia Capital, Visa, and others. 7. Fondy Fondy’s comprehensive suite of services empowers businesses to focus on their local and international growth by offering accessible payment collection, split payments, and streamlined payouts through a single API integration. The company's user-friendly approach allows businesses to integrate its white-label solutions effortlessly, enabling them to accept local and international payments across websites, apps, and popular social media platforms. With various payment options, including bank transfers, debit and credit cards, and digital wallets, Fondy ensures customers a seamless online payment experience. Through its Merchant Portal, sellers can access real-time payment analytics and transaction history to optimize sales and marketing efforts, all customized to their brand. With ready-made plug-ins for content management systems and web builders, Fondy offers easy integration without extensive technical resources, making it a reliable choice for businesses seeking efficient payment solutions. 8. GoCardless GoCardless has introduced a transformative era in the payments industry. Its innovative approach enables businesses to effortlessly collect one-off, automated, or recurring payments directly from their customers' bank accounts, eliminating the challenges of late charges, customer follow-ups, stress, and costly fees. The company offers a seamless cash flow experience, facilitating funds transfer from one account to another. With a global presence, over 75,000 businesses of various sizes trust this company to power their payment operations, reflecting its reliability and widespread adoption within the industry. 9. Lemonway Lemonway has emerged as a prominent pan-European payment institution that provides payment processing, wallet management, and third-party payment services within a regulated framework compliant with KYC/AML standards. Trusted by over 1,400 websites across Europe, including 200 crowdfunding platforms, Lemonway's payment solution has gained significant traction in the market. Operating under the approval and regulation of the ACPR (Autorité de Contrôle Prudentiel et de Résolution), Lemonway holds the 'EU financial passport', enabling it to operate in 29 countries. With headquarters in Paris and additional offices in London, Madrid, and Milan, the company boasts a diverse workforce of over 160 professionals representing more than 20 nationalities. 10. Melio The mission of this company is to sustain and support small businesses. Melio, since its inception, has aimed to develop an efficient accounts payable tool. Its vision encompasses creating a comprehensive service that empowers small businesses to stay on top of their operations. By offering a seamless B2B payment experience, Melio saves valuable time and enhances cash flow for these businesses. The company enables enterprises to shift their focus away from back-office tasks and toward serving their customers with a simplified payment workflow. 11. Nexio Nexio's primary objective is to assist businesses, regardless of their size, in navigating the complexities of payments and strategizing for the future. With a clear mission and an unwavering passion, the company aims to simplify the intricate payment processes, enabling top B2B payments companies to focus on their core objective of selling products and services or facilitating such transactions for others. Since its establishment in 2007, Nexio has remained committed to transforming payment complexities into opportunities for growth and fostering simplicity within the industry. 12. Nium Nium is a global leader in the modern money movement, providing banks, payment providers, and businesses access to comprehensive worldwide payment and card issuance services. With its modular platform, Nium facilitates frictionless commerce by enabling enterprises to pay and receive payments worldwide effortlessly. The company's extensive license portfolio covers 11 jurisdictions, ensuring seamless global payments and integration. Recognized for its achievements, Nium has been honored as one of the 'Financial Times APAC High-Growth Companies' and received the 'Best B2B Payment Platform at Future Digital Awards' in 2021, solidifying its position as an industry leader in driving the modern money movement. 13. NMI NMI is recognized as a significant global payment enablement platform, with an impressive annual processing volume exceeding $180 billion. Its comprehensive solution covers various channels, including online, in-app, mobile, in-store, and unattended, while remaining adaptable to emerging trends. NMI maintains a commitment to continuous innovation, integrating cutting-edge technology to empower ISVs, ISOs, banks, and fintech innovators, enabling them to concentrate on their core competencies. The company serves a global clientele with a presence in the United States and the United Kingdom, delivering tailored payment solutions to meet their diverse needs. 14. Papaya Global Papaya Global operates as a distinguished SaaS fintech company, specializing in global payroll technology and offering an exceptional embedded payments platform tailored to the workforce requirements of multinational enterprises. With Papaya's platform, finance teams gain unprecedented visibility and control over workforce spending and payments, assuming total liability in the event of any issues. An integrated approach connects the various components of global payroll, harmonizing and standardizing data and processes from HCM and ERP tools, culminating in a unified source of truth. By transforming payroll from a significant expense and potential liability into a strategic asset, the company empowers businesses to achieve scalable growth with utmost confidence. 15. Payrix Payrix is a pioneering company determined to establish itself as the global frontrunner in embedded payments specifically catered to vertical software businesses. Its unwavering commitment lies in providing clients with enhanced freedom and tranquility through a proven solution that effectively eliminates obstacles, unlocks new revenue streams, and simplifies their customers' lives. The company has earned the trust of esteemed clients, who have harnessed the power of its comprehensive, all-in-one platform complemented by a personalized and attentive approach. This unique combination empowers businesses to seize the vast opportunities within embedded payments, propelling their growth, fostering innovation, and driving B2B payments digital transformation. 16. PaySimple PaySimple attracts businesses seeking a streamlined and efficient method to accept payments. Focusing on meeting the distinctive requirements of service-based companies, it offers flexible price and billing solutions that have garnered the preference of over 20,000 businesses daily. With a robust API, PaySimple is a trusted technology partner for seamless payment integrations as well as for managing cash flow within SaaS products and mobile applications. Notably, PaySimple is the leading payments management solution for service-based businesses and operates as a division of EverCommerce. Its specialties encompass various services, including online payments, mobile payments, POS, recurring billing, customer management, online payment forms, e-invoicing, cash flow reporting, eCheck processing, and dedicated merchant accounts. 17. PPRO PPRO is a prominent fintech company dedicated to providing businesses and banks with digital payment infrastructure to facilitate the expansion of their checkout, acquiring, and risk services through a single connection. By integrating with PPRO's infrastructure and payment platforms, merchants access various payment methods, fraud screening tools, and other vital products from multiple providers. Its user-friendly interface allows for seamless deployment and control of every product without extensive coding. With PPRO's orchestration layer effectively managing process flows and data, partners can confidently offer end-to-end services to their customers with exceptional ease. Prominent industry leaders, including well-established financial institutions and popular online payment platforms, trust PPRO to expedite their strategic plans, improve customer conversion rates, and streamline the complexities commonly associated with digital payment processes. 18. Primer Primer is a pioneering global company that has introduced the world's first no-code automation platform specifically designed for payments and commerce. With its innovative technology, merchants can seamlessly integrate and streamline their entire payment and commerce infrastructure, allowing them to construct advanced, comprehensive workflows that checkout developers highly appreciate. The platform empowers businesses to enhance their operational efficiency and deliver exceptional user experiences throughout the payment process. 19. Rapyd Rapyd is a leading global company dedicated to liberating international commerce by providing businesses with the tools to create seamless payment, payout, and fintech experiences worldwide. With an extensive range of solutions, it empowers businesses to cater to the diverse payment preferences of customers around the globe. By offering various payment methods and streamlining money management and foreign exchange, Rapyd ensures businesses can send and receive funds effortlessly. Furthermore, the company enables businesses to issue prepaid virtual and physical cards, simplifying financial transactions. With its API integration capabilities, Rapyd allows enterprises to integrate fintech solutions into their operations seamlessly. 20. REPAY REPAY is a superior payment technology and processing provider offering comprehensive solutions to facilitate secure and expedient payment collection across various channels. Its omnichannel payment platform seamlessly integrates with enterprise management systems, providing access to a suite of payment options such as credit/debit card processing, ACH processing, instant funding, IVR/phone pay, text pay, electronic bill payment and presentment systems, and consumer-facing payment portals. Catering to diverse industries, including personal lending, auto lending, mortgage servicing, B2B, accounts receivables management, healthcare, and credit unions, REPAY's tailored solutions streamline payment processes, automate accounts payable services, and ensure accurate transaction processing. 21. Spreedly Spreedly specializes in delivering top-notch payment systems by seamlessly connecting businesses to various payment services. Its flexible payments platform empowers enterprises to efficiently enable, optimize, and analyze online revenue. Payment orchestration has become the industry standard, and Spreedly recognizes the challenges of building and maintaining custom payment integrations. With its PCI-compliant solution, businesses can save valuable time and resources by connecting once to Spreedly's platform and staying at the forefront of its payments strategy. By leveraging Spreedly's expertise and cutting-edge technology, businesses can unlock new possibilities and enhance their overall payment experience. 22. Stax Payments The company offers scalable and tailored advanced business technologies to meet the needs of B2B payments companies of all sizes, providing a comprehensive suite of solutions. This platform empowers businesses to manage various crucial aspects of their operations, including financials, payments, invoicing, inventory, sales, and customer data. By harnessing the power of payments through Stax, organizations can unlock accelerated growth at scale, benefitting from streamlined processes and enhanced efficiency. With Stax as their trusted partner, businesses can confidently navigate the ever-evolving payments landscape and achieve sustainable success. 23. Tilled Through its comprehensive suite of robust financial tools and innovative revenue-sharing programs, the Tilled has become the backbone for the next generation of marketplaces, SaaS companies, and integrated software vendors, freeing them to focus on their core products rather than payment processing. It gives these B2B payments companies the advantages of a fully-registered payment facilitator program, eliminating the need for upfront costs, complexities, and liabilities. By introducing Payfac-as-a-service, businesses can easily integrate Tilled's user-friendly APIs and start generating revenue from credit card processing. The company challenges the long-standing market dominance and exorbitant fees charged by industry giants, offering a superior alternative for B2B software companies seeking a hassle-free solution with exceptional benefits. 24. Trustly Trustly is a prominent global payment method that bridges the world's leading brands and millions of consumers, facilitating instant transfers, payments, and refunds securely and conveniently. With an unrivaled reach, the company manages the entire payment journey, revolutionizing the performance and user experience of charges for over 8,000 merchants across 30+ markets. Through seamless integration with 6,300 banks, Trustly connects these merchants to a vast network of 525 million consumers. As a licensed payment institution operating under the second Payment Services Directive (PSD2), it adheres to the regulatory oversight of Swedish Financial Supervisory Authority in Europe. Furthermore, Trustly complies with state regulations in the United States, ensuring its ability to serve the specific needs of its target markets. 25. Windcave Windcave is a globally-recognized payment facilitator with over two decades of experience. It has established a strong presence across various regions, including New Zealand, Australia, Asia, North America, the United Kingdom, and Europe. Its comprehensive services encompass e-commerce, retail, unattended transactions, fraud protection, and merchant services, supporting a wide range of payment methods. Each year, the company processes transactions exceeding USD 90 billion on behalf of its extensive network of over 25,000 merchants worldwide. Headquartered in Auckland, the company has strategically positioned regional offices in Hamilton, Christchurch, Sydney, Melbourne, Phoenix, Singapore, London, and Vilnius, enabling it to serve its global customer base efficiently. Key Takeaways These top 25 B2B payments companies are revolutionizing business transactions and providing significant value to C-suite executives and professionals in the B2B digital payments arena. They offer a range of benefits that directly impact their strategic decision-making and operational efficiency. By leveraging advanced technology, seamless integrations, and customer-centric solutions, these top B2B payments companies enable finance professionals to optimize their payment processes, enhance security, and improve overall financial management. With their innovative platforms and services, C-suite professionals can streamline payment operations, reduce costs, mitigate risks, and gain real-time insights into financial transactions. Moreover, these B2B payments companies empower executives to drive growth by providing the tools and capabilities to expand their businesses, enter new markets, and build strong relationships with customers and partners.

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Fintech

Top 10 B2B Digital Payments Tools for Transforming Transactions

Article | March 17, 2021

Discover B2B digital payment tools that enhance efficiency and boost security. Delve into these digital payment B2B tools, which empower businesses to thrive in the B2B industry while driving growth. The B2B digital payments industry is witnessing a transformative wave with the emergence of powerful digital payment software tools that redefine how businesses conduct transactions. The article focuses on a comprehensive exploration of the top B2B digital payments tools. With a keen focus on enhancing efficiency, bolstering security, and driving growth, these pioneering tools pave the way for businesses to thrive in the competitive B2B industry. Explore these game-changing B2B digital payments tools that are reshaping the B2B payments industry: 1. NMI Payment Gateway NMI offers a comprehensive and versatile platform that allows independent software vendors (ISVs), independent sales organizations (ISOs), and banks to create the ideal commerce offering for their clients. With NMI, business merchants can accept payments at various points of engagement, including in-store, mobile, online, and unattended. The platform enables businesses to sell everywhere, offering freedom of choice in payment options and methods. This digital B2B payments tool simplifies management with easy-to-use controls for handling multiple merchant identification (MID) capabilities. Additionally, it incorporates tokenization technology for enhanced security and provides robust reporting features for detailed insights and informed decision-making. Moreover, NMI empowers businesses to deliver exceptional payment processing tools and services to their merchants, ensuring seamless payment acceptance and robust functionality. 2. Payment Orchestration Platform The Payment Orchestration Platform is a cutting-edge SaaS solution that offers a comprehensive array of features. Its ability to integrate seamlessly with multiple bank connectors, streamlining business payment processes, stands out. This platform empowers businesses to increase transaction approval rates by up to 20% by leveraging the power of smart routing, thereby enhancing their clients' overall experience. Additionally, its functionality enables businesses to optimize their conversion ratio by up to 30% by efficiently distributing declined transactions across various channels. The Payment Orchestration Platform allows enterprises to approve more transactions, centralize all data in one place for efficient management, and benefit from a cost-effective and streamlined transaction flow. 3. PaySimple PaySimple, a powerful API and toolset, empowers businesses to deliver a seamless, integrated payment experience that elevates their brand. With PaySimple, companies can enable users to accept all major credit cards and securely process ACH payments directly within their software or mobile application, leveraging a PCI DSS-compliant solution. This comprehensive solution supports omnichannel payments, allowing businesses to expand their revenue potential. With RESTful open APIs, PaySimple offers flexibility and scalability for easy implementation. Additionally, PaySimple caters to native mobile apps, ensuring a seamless payment experience, and provides hosted checkout solutions, delivering a consistent and branded customer journey. 4. Primer Primer, an innovative payment integration tool, offers businesses the ability to seamlessly accept and orchestrate payments across their entire stack. With Primer, companies can integrate the device once and unlock additional revenue streams by providing tailored checkout experiences for each market they serve. This B2B payments digital transformation tool empowers businesses to create rich payment experiences that align with their brand identity. Furthermore, it includes payment recovery tools, helping companies optimize their revenue by minimizing cart abandonment and maximizing successful transactions. With Primer, businesses can deliver the ideal checkout experience customized to their needs and enjoy effortless payment orchestration through intuitive workflows. The tool's low-code integration ensures a streamlined implementation process, saving time and resources for businesses. 5. Trustly Trustly is an exceptional payment solution that enables customers to deposit funds securely and seamlessly across a broad spectrum of services, all from the convenience of any device. With Trustly, there is no need for cards, downloads, or registration, providing a hassle-free payment experience for users. This versatile B2B digital payments tool allows businesses to easily accept payments, facilitating various payment models such as subscriptions and one-click payments. Additionally, Trustly enables customers to conveniently settle their invoices, simplifying the payment process for businesses and their clients. With the help of this tool, companies can offer a trusted and efficient payment solution that eliminates the worries associated with traditional payment methods. 6. PayFac-as-a-Service Tilled PayFac-as-a-Service presents an enticing opportunity for B2B software companies to reap the advantages of becoming a payment facilitator (PayFac) without incurring any upfront costs or ongoing operational burdens. By leveraging this service, companies can secure most of their revenue while sidestepping the need for substantial investments. Tilled provides developer-friendly APIs, facilitating seamless integration and smooth functionality. The platform offers frictionless onboarding for merchants, eliminating unnecessary obstacles and ensuring a streamlined experience. Furthermore, opting for PayFac alleviates the need for additional personnel, sparing companies from the associated costs and complexities. There are no implementation expenses, compliance burdens, or training requirements, facilitating businesses to focus on their core operations while harnessing the benefits of being a PayFac. 7. 2C2P Renowned for its full-suite solutions and trusted by prominent international brands across various sectors, the 2C2P tool empowers enterprises worldwide to securely and efficiently accept and initiate payments through a single integration point. With a strong focus on customer satisfaction, this tool enables businesses to offer customers various payment options, including cards, digital wallets, and over-the-counter transactions, at over 400,000 locations across Asia. By partnering with 2C2P, businesses gain access to a comprehensive network that facilitates seamless and convenient transactions, bridging the gap between Southeast Asia and the rest of the world and enabling global enterprises to expand their reach and enhance their payment capabilities. 8. Kriya Payments Kriya Payments is a state-of-the-art payment solution that seamlessly integrates into the checkout process, allowing businesses to offer their customers flexible payment and credit options at the point of sale. With this B2B digital payments tool, companies can authenticate customers, ensuring secure transactions and minimizing the risk of fraud. The solution supports multiple payment options, allowing customers to choose the method that suits them best, whether it's credit cards, debit cards, or digital wallets. One of the critical advantages of Kriya Payments is the ability to access instant cash flow, as businesses receive payments instantly at the point of sale, enabling improved cash flow management. With its robust features, Kriya Payments empowers firms to streamline payment processes, enhance customer satisfaction, and make informed decisions to drive business growth. 9. ONERWAY ONERWAY is a comprehensive payment tool that allows businesses to accept global and local payment methods, catering to their customers' preferred choices. By integrating OnerWay's single API integration, enterprises gain access to over 30 payment methods, providing a wide range of options to accommodate diverse customer preferences. With this tool, businesses can seamlessly support their customers' usual and preferred payment choices, creating a frictionless payment experience. This flexibility enhances customer satisfaction and opens up new revenue opportunities for businesses. By expanding the range of payment methods available, companies can attract a more extensive customer base and maximize their revenue potential. ONERWAY simplifies the payment process, enabling businesses to manage various payment methods efficiently through a single integration point, driving growth and success in the global market. 10. EBizCharge EBizCharge is a prominent provider of integrated B2B payment solutions. With a substantial user base exceeding 200,000 across the United States and Canada, this B2B digital payments tool has solidified its position as a trusted partner for businesses seeking streamlined payment processing capabilities. The core offering of EBizCharge lies in its robust payment platform, which enables enterprises to securely and conveniently accept transactions at any given time and location. This platform integrates with various essential business software solutions, such as 50 ERP systems, CRM platforms, accounting software, and eCommerce platforms. By leveraging EBizCharge, businesses can enhance operational efficiency, maintain strict security standards, and provide customers with a seamless payment experience. Future Scope The future of B2B digital payment software tools holds immense potential for transforming business transactions. Integrating artificial intelligence and machine learning is set to revolutionize fraud detection and risk management, while blockchain technology promises enhanced transparency and security. The growing prominence of mobile payments and digital wallets is reshaping transactional norms, enabling seamless and contactless transactions. Data analytics and real-time reporting provide valuable insights for optimizing cash flow management and driving informed decision-making. As businesses adapt to emerging trends and embrace innovative tools, they position themselves at the forefront of the evolving B2B payments sphere, unlocking new opportunities for efficiency, growth, and customer satisfaction.

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Financial Management, Payments

Boosting B2B Efficiency: Top Payment Certifications and Courses

Article | July 6, 2023

Enhance B2B payments processing by unleashing potential with these payments certifications. Gain knowledge of emerging technologies and unlock new avenues for growth and professional advancement. In the B2B payments processing industry, professionals must stay ahead and acquire specialized knowledge. With the increasing digitization of financial transactions and the emergence of innovative technologies, the demand for experts who can navigate the complexities of B2B payments software has reached new heights. This payments certifications article explores some of the top courses available in the B2B payments industry, equipping professionals with the insights and expertise needed to excel in this dynamic and rewarding sector. 1. The Future of Payment Technologies This comprehensive course allows individuals to explore the future of B2B payments software, encompassing mobile payments and tokenization. By pursuing this course, participants can delve into the intricacies of C2B, C2C, and B2B transactions, acquiring new insights and skills. Through engaging lectures, interactive discussions, and practical activities, learners will gain a deep understanding of the evolving payment ecosystem and its potential. By the end of the course, participants will possess the expertise to navigate modern transactions confidently and harness the immense opportunities offered by the advancing payment landscape. 2. FinTech: Foundations, Payments, and Regulations This payments certifications course offers individuals a comprehensive exploration of modern investment strategies that leverage fintech. Designed to provide a deep understanding of the intricate components of payment methods, financial regulations, and the role of fintech in the future of investing, participants will analyze robo-advice, changing demographic forces, and the underlying principles of trust in complex investment choices and impact investing. The B2B payments certifications course also delves into emerging payment methodologies and the entrepreneurial potential of fintech in investment and payment systems. By the end, participants will be able to identify different financial technologies, comprehend the interplay between innovation and regulations, and effectively develop their fintech strategies for personal or business use. While no prerequisites are necessary, a basic familiarity with credit cards and payment methods is beneficial. 3. Decentralized Finance: The Future of Finance Specialization This digital B2B payments certifications course allows learners to acquire an extensive and profound comprehension of the complex infrastructure and prominent applications within decentralized finance (DeFi). Participants will delve into the historical origins and background of DeFi, obtaining a thorough comprehension of its development and core principles. Additionally, executives will define and scrutinize the essential elements that form the foundation of decentralized finance, acquiring a comprehensive understanding of its underlying mechanisms and operational systems. Furthermore, the course will elucidate the specific challenges and issues decentralized finance aims to address while exploring the innovative solutions it offers and how they effectively tackle these problems. Upon this course's culmination, professionals will have advanced knowledge of decentralized finance's infrastructure, applications, and role in transforming the financial landscape. 4. FinTech Security and Regulation This payments certifications course, titled 'FinTech Security and Regulation (RegTech),' is designed to provide professionals with a deep understanding of RegTech and enhance their analytical and advisory skills in guiding finance industry executives through the changing landscape. Participants will explore the impact of FinTech and RegTech on the finance industry, including the challenges related to data protection, digital forensics, risk management, and corporate governance in banking, mainly focusing on Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Furthermore, participants will gain insights into global government initiatives in FinTech and RegTech. When the course nears completion, participants will have the knowledge and confidence to analyze the changes and provide valuable recommendations to industry executives. 5. Introduction to Financial Engineering and Risk Management This B2B payments processing course is a part of Financial Engineering and Risk Management Specialization, explicitly tailored for B2B payments professionals seeking a deeper understanding of the field. Learners will explore options within the context of B2B payments and gain valuable insights into pricing these instruments using the 1-period Binomial Model. Additionally, the module delves into option pricing in a multi-period setting, employing both the Binomial and Black-Scholes Models. Professionals will also be exposed to real-world scenarios involving American Options, Futures, Forwards, and assets with dividends in the B2B payments domain. This module equips professionals with the necessary knowledge and tools to effectively analyze, evaluate, and manage financial risks associated with B2B payments. 6. Digital Transformation in Financial Services Specialization This specialization delves into the ever-changing realm of finance, specifically focusing on the transformative impact of digitization on products, services, customer demands, and regulatory frameworks within the competitive landscape. By exploring the digital transformation of finance, learners will gain a comprehensive understanding of critical concepts such as digital platforms, business ecosystems, and the emerging fintech landscape. Moreover, they will acquire a new set of tools and strategies to compete on innovation in the digital era of finance effectively. The culmination of the specialization is the Capstone Project, wherein professionals will develop and defend a holistic digital transformation strategy for a real-world company. Throughout the course, instructors will leverage cutting-edge examples and share their European and North American finance industry research findings. 7. Introduction to Payments This comprehensive course provides professionals with the necessary knowledge and skills to embark on a successful journey in the world of payments. While it does not claim to make learners instant experts, this payments certifications course covers all the fundamental aspects required to understand and apply payment concepts to real-life project scenarios. Topics covered include exploring different payment sources, types of payment instruments, the end-to-end payment lifecycle, payment products, and emerging trends in the industry. Suitable for a wide range of professionals such as business analysts, consultants, product owners, project managers, program managers, QA/testers, scrum masters, bankers, and developers, this course equips learners with a strong foundation in the payments industry, enabling them to excel in their roles and contribute effectively to payment-related projects. 8. Payment Gateway Models and Business Strategies: Fintech This course offers a specialized program for individuals seeking practical expertise in payment gateways. Focusing on digital payments, the course provides valuable insights into business strategies and effective trade techniques. Participants will learn about practical challenges, business negotiation and processes, enabling them to become skilled payment gateway practitioners. The payments certifications course covers crucial topics such as successful strategies and negotiation techniques, secure protocols such as Verified by VISA and Mastercard secure code, and adherence to PCI DSS standards. This course is designed for strategic alliance professionals looking to enhance their knowledge and skills in the payment gateway industry. 9. Fintech: Embedded Finance, Payments, BaaS and API Banking The course 'Embedded Finance, Payments, BaaS, and API Banking: A Business-Oriented Approach' aims to equip learners with the knowledge and insights to navigate the changing financial landscape and capitalize on growth opportunities. The course covers embedded finance and payments, BaaS, the distinctions between open banking, embedded finance, banking as a service, and the industry's future trends and growth factors. Besides, this course does not involve technical integrations or coding but focuses on these topics' business aspects. Through this B2B payments certifications course, learners will gain a deep understanding of embedded finance and payments, API and open banking, the intricacies of integration, ecosystem players, Oracle's embedded finance for transaction banking, industries and use cases of embedded finance, benefits for financial institutions, businesses, and customers, as well as the prospects and growth factors shaping the field of embedded finance and payments. 10. Payment Systems in the USA and Canada The course 'Payment Systems in the USA & Canada: FEDWIRE/CHIPS/ACH/LYNX' provides a comprehensive understanding of the most widely used payment and settlement systems in the United States and Canada. Participants will delve into the intricacies of Fedwire, CHIPS, ACH in the USA, and Lynx in Canada, gaining insights into their operations, processes, and risk management. The course equips professionals in finance, banking, and related fields with a solid working knowledge of these systems, covering topics such as components of payment and settlement systems, basics of domestic payments processing, and practical applications of ACH, FEDWIRE, CHIPS, and Lynx. By the end of the course, learners will have a thorough understanding of the infrastructure behind financial transactions in both countries. They will be well-prepared to navigate the complexities of these payment and settlement systems. The Path Ahead By enrolling in these payments certifications courses, professionals can stay up-to-date with the latest technologies and trends shaping the B2B payments industry. They gain valuable insights into emerging technologies like blockchain, mobile payments, and digital wallets, equipping them with the expertise to leverage these innovations effectively. Furthermore, these B2B payments processing courses provide a deep understanding of evolving regulatory frameworks, compliance standards, and security protocols, ensuring that finance professionals can confidently navigate the complex regulatory environment. With this knowledge and skill set, finance professionals are well-positioned to drive strategic decision-making, optimize payment processes, mitigate risks, and unlock new growth opportunities for their organizations in the dynamic future of B2B payments.

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Spotlight

Capital Bancorp Plc

Capital Bancorp Plc. (CBP) is one of the foremost financial and professional services providers in Nigeria. Capital Bancorp Plc was born out of the perceived need to enhance the accessibility of industry, commerce and individuals to capital, whether loan or equity and high-grade investments.

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Genesis Global Launches a Bond Market Solution for Asset Managers

Genesis Global | September 25, 2023

Genesis Global, a low-code application development platform tailored for financial market organizations, has unveiled a new solution designed to streamline investment decisions for asset managers by aggregating new bond deal data. In the fast-paced primary markets for corporate bonds, asset managers often have just two hours to analyze and request allocations for new bond deals. The market's fragmentation makes this problem worse because banks use a variety of platforms, including DirectBooks, Ipreo (S&P Global), Bloomberg, Refinitiv, and email, to market about 40 new bond deals every day with frequent updates. Genesis' customizable Primary Bond Issuance solution consolidates deal data from various sources into a single, real-time workspace. This workspace facilitates rapid decision-making by allowing portfolio managers, credit analysts, and traders to collaborate effectively. Rahul Kambli, Product Manager for Primary Bond Issuance at Genesis, reportedly highlighted the pressure on asset managers to make quick decisions in the primary bond markets, stating, Asset managers are under pressure to make decisions extremely quickly in bond primary markets, but failure is not an option because of the opportunity cost of missing out on the best deals. [Source – Globe Newswire] The Primary Bond Issuance solution incorporates AI-driven handlers to automatically process unstructured data received via instant messages and email, reducing the need for manual data entry. This AI technology is part of Genesis' broader investment in AI as a platform service across their solutions. Key features of the solution include data aggregation, normalization, and scrubbing; AI-driven data processing; integration with analytics, reference data, and compliance systems; connectivity to order management systems for allocation requests; customizable alerts and workflow tools; full audit functionality; and collaboration tools such as Symphony for faster decision-making. Genesis Global's Primary Bond Issuance solution is built on their low-code application development platform and offers configurability to suit user preferences for integrations and workflow design. It exemplifies Genesis' commitment to helping institutional asset managers automate their investment processes through modern applications that facilitate collaboration and data sharing among portfolio managers, traders, and credit analysts. About Genesis Global Genesis Global is a leading force in empowering financial market organizations with its software application platform. It specializes in creating high-performance, secure applications and transforming traditional development challenges. Genesis focuses on flexibility and excels in low-latency, high-throughput environments. It operates internationally from locations in important financial hubs with the support of Citi and the trust of organizations like BNY Mellon and ING.

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Bendigo and Adelaide Bank Picks nCino to Enhance Business Banking

nCino, Inc. | September 22, 2023

nCino, Inc. officially revealed that Bendigo and Adelaide Bank, a prominent Australian financial institution, has chosen nCino as its partner to streamline and elevate business banking operations. Adam Rowse, Chief Customer Success Officer for Business Bank and Agribusiness at Bendigo and Adelaide Bank, stated, We are pleased to partner with nCino as we step up our efforts to simplify our business. Our goal is to deliver our customers and staff with best-in-class user experience and to streamline our operations so that we can move at pace while delivering sustainable growth. [Source – Globe Newswire] Integrating nCino into Bendigo and Adelaide Bank's operations will harness the power of intelligent automation and process optimization, resulting in faster decision-making and allowing bankers to allocate more time to nurturing customer relationships. Mark Bernhardi, Managing Director of Australia and New Zealand at nCino expressed enthusiasm about the partnership with Bendigo and Adelaide Bank. He emphasized nCino's role as a preferred partner for forward-thinking banks worldwide, highlighting their established success in aiding banks to scale efficiently, enhance customer experiences, and drive rapid innovation. This strategic move aligns with the bank's comprehensive objective of simplifying its operational processes, optimizing customer as well as employee experiences, and accelerating its growth trajectory. Mark Bernhardi also expressed excitement about collaborating with the Bendigo and Adelaide Bank team as they progress in their transformation journey to streamline operations and foster a seamless experience for customers and staff. About Bendigo and Adelaide Bank Bendigo and Adelaide Bank is one of Australia's prominent financial institutions, with a dedicated workforce of over 7,000 professionals committed to serving a diverse customer base exceeding 2 million. The bank's vision is to secure its position as the preferred banking partner in Australia, actively contributing to the well-being of both its customers and the communities it serves. About nCino nCino leads the global cloud banking industry with its singular software-as-a-service platform. This platform empowers financial institutions to serve various customer segments, modernize their operations, streamline client onboarding, optimize loan processes, and expedite account openings. nCino's innovative approach, strong reputation, and swift operations have fostered partnerships with over 1,850 financial service providers worldwide.

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Broadridge Introduces BRx Match to Revolutionize Reconciliation

Broadridge | September 18, 2023

Broadridge launches BRx Match, a cloud-based reconciliation and matching platform to empower business users to streamline complex reconciliation processes and enhance data integrity. BRx Match offers self-build capabilities for business users, enabling faster onboarding of new reconciliations, reducing total ownership costs, and enhancing operational responsiveness. This innovation represents a significant milestone in Broadridge's commitment to delivering cutting-edge fintech solutions that address real-world challenges and optimize reconciliation operations while maintaining data integrity. Broadridge Financial Solutions, a global leader in fintech, has unveiled a game-changing solution to tackle reconciliation and data integrity challenges. The company has introduced BRx Match, a comprehensive cloud-based reconciliation and matching platform designed to empower business users with the tools to streamline complex reconciliation processes. Alastair McGill, General Manager of Data Control Solutions, Broadridge, shared, As global regulatory requirements become more complex and increasing transaction volumes demand greater operational efficiency as well as risk management, BRx Match allows financial and corporate clients to automate the reconciliation of any data sources and expedite the exception management process. [Source – Cision PR Newswire] With its business-user self-build capabilities, the platform would speed up onboarding new reconciliations, reducing total ownership costs and developing a more responsive operation. Alastair added that BRx Match represented the latest instance of Broadridge's commitment to streamlining the front-to-back environment for its clients by simplifying data integration. This launch of the new solution represents a significant milestone in Broadridge's commitment to providing cutting-edge fintech solutions that address real-world challenges faced by businesses across the globe. BRx Match enhances operational efficiency and ensures higher transparency and accuracy by automating the reconciliation process from its inception, making BRx Match a strategic asset for enterprises seeking to optimize their reconciliation operations while maintaining integrity. The introduction of BRx Match marks a notable departure from traditional reconciliation solutions that have struggled to meet the ever-evolving demands of the modern business landscape. In the past, businesses faced a daunting challenge when attempting to consolidate and coordinate reconciliation efforts across diverse data sources and models. BRx Match is an industry pioneer in offering a holistic data acquisition and transformation approach. It provides a set of fundamental matching rules that cater to a wide array of common reconciliation needs. With its versatility, businesses can harness a range of matching engines to attain optimal results, granting them unprecedented control and adaptability in their reconciliation tasks. Data agnosticism is a unique feature of BRx Match. It enables users to seamlessly reconcile across various data types, from securities and cash to derivatives, reference data, card services, financial, and insurance data. This platform delivers a unified and consistent user experience throughout the enterprise. It places the power of reconciliation firmly in the hands of business users, allowing them to design, build, test, modify, and deploy their reconciliation processes with ease.

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Genesis Global Launches a Bond Market Solution for Asset Managers

Genesis Global | September 25, 2023

Genesis Global, a low-code application development platform tailored for financial market organizations, has unveiled a new solution designed to streamline investment decisions for asset managers by aggregating new bond deal data. In the fast-paced primary markets for corporate bonds, asset managers often have just two hours to analyze and request allocations for new bond deals. The market's fragmentation makes this problem worse because banks use a variety of platforms, including DirectBooks, Ipreo (S&P Global), Bloomberg, Refinitiv, and email, to market about 40 new bond deals every day with frequent updates. Genesis' customizable Primary Bond Issuance solution consolidates deal data from various sources into a single, real-time workspace. This workspace facilitates rapid decision-making by allowing portfolio managers, credit analysts, and traders to collaborate effectively. Rahul Kambli, Product Manager for Primary Bond Issuance at Genesis, reportedly highlighted the pressure on asset managers to make quick decisions in the primary bond markets, stating, Asset managers are under pressure to make decisions extremely quickly in bond primary markets, but failure is not an option because of the opportunity cost of missing out on the best deals. [Source – Globe Newswire] The Primary Bond Issuance solution incorporates AI-driven handlers to automatically process unstructured data received via instant messages and email, reducing the need for manual data entry. This AI technology is part of Genesis' broader investment in AI as a platform service across their solutions. Key features of the solution include data aggregation, normalization, and scrubbing; AI-driven data processing; integration with analytics, reference data, and compliance systems; connectivity to order management systems for allocation requests; customizable alerts and workflow tools; full audit functionality; and collaboration tools such as Symphony for faster decision-making. Genesis Global's Primary Bond Issuance solution is built on their low-code application development platform and offers configurability to suit user preferences for integrations and workflow design. It exemplifies Genesis' commitment to helping institutional asset managers automate their investment processes through modern applications that facilitate collaboration and data sharing among portfolio managers, traders, and credit analysts. About Genesis Global Genesis Global is a leading force in empowering financial market organizations with its software application platform. It specializes in creating high-performance, secure applications and transforming traditional development challenges. Genesis focuses on flexibility and excels in low-latency, high-throughput environments. It operates internationally from locations in important financial hubs with the support of Citi and the trust of organizations like BNY Mellon and ING.

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Bendigo and Adelaide Bank Picks nCino to Enhance Business Banking

nCino, Inc. | September 22, 2023

nCino, Inc. officially revealed that Bendigo and Adelaide Bank, a prominent Australian financial institution, has chosen nCino as its partner to streamline and elevate business banking operations. Adam Rowse, Chief Customer Success Officer for Business Bank and Agribusiness at Bendigo and Adelaide Bank, stated, We are pleased to partner with nCino as we step up our efforts to simplify our business. Our goal is to deliver our customers and staff with best-in-class user experience and to streamline our operations so that we can move at pace while delivering sustainable growth. [Source – Globe Newswire] Integrating nCino into Bendigo and Adelaide Bank's operations will harness the power of intelligent automation and process optimization, resulting in faster decision-making and allowing bankers to allocate more time to nurturing customer relationships. Mark Bernhardi, Managing Director of Australia and New Zealand at nCino expressed enthusiasm about the partnership with Bendigo and Adelaide Bank. He emphasized nCino's role as a preferred partner for forward-thinking banks worldwide, highlighting their established success in aiding banks to scale efficiently, enhance customer experiences, and drive rapid innovation. This strategic move aligns with the bank's comprehensive objective of simplifying its operational processes, optimizing customer as well as employee experiences, and accelerating its growth trajectory. Mark Bernhardi also expressed excitement about collaborating with the Bendigo and Adelaide Bank team as they progress in their transformation journey to streamline operations and foster a seamless experience for customers and staff. About Bendigo and Adelaide Bank Bendigo and Adelaide Bank is one of Australia's prominent financial institutions, with a dedicated workforce of over 7,000 professionals committed to serving a diverse customer base exceeding 2 million. The bank's vision is to secure its position as the preferred banking partner in Australia, actively contributing to the well-being of both its customers and the communities it serves. About nCino nCino leads the global cloud banking industry with its singular software-as-a-service platform. This platform empowers financial institutions to serve various customer segments, modernize their operations, streamline client onboarding, optimize loan processes, and expedite account openings. nCino's innovative approach, strong reputation, and swift operations have fostered partnerships with over 1,850 financial service providers worldwide.

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Broadridge Introduces BRx Match to Revolutionize Reconciliation

Broadridge | September 18, 2023

Broadridge launches BRx Match, a cloud-based reconciliation and matching platform to empower business users to streamline complex reconciliation processes and enhance data integrity. BRx Match offers self-build capabilities for business users, enabling faster onboarding of new reconciliations, reducing total ownership costs, and enhancing operational responsiveness. This innovation represents a significant milestone in Broadridge's commitment to delivering cutting-edge fintech solutions that address real-world challenges and optimize reconciliation operations while maintaining data integrity. Broadridge Financial Solutions, a global leader in fintech, has unveiled a game-changing solution to tackle reconciliation and data integrity challenges. The company has introduced BRx Match, a comprehensive cloud-based reconciliation and matching platform designed to empower business users with the tools to streamline complex reconciliation processes. Alastair McGill, General Manager of Data Control Solutions, Broadridge, shared, As global regulatory requirements become more complex and increasing transaction volumes demand greater operational efficiency as well as risk management, BRx Match allows financial and corporate clients to automate the reconciliation of any data sources and expedite the exception management process. [Source – Cision PR Newswire] With its business-user self-build capabilities, the platform would speed up onboarding new reconciliations, reducing total ownership costs and developing a more responsive operation. Alastair added that BRx Match represented the latest instance of Broadridge's commitment to streamlining the front-to-back environment for its clients by simplifying data integration. This launch of the new solution represents a significant milestone in Broadridge's commitment to providing cutting-edge fintech solutions that address real-world challenges faced by businesses across the globe. BRx Match enhances operational efficiency and ensures higher transparency and accuracy by automating the reconciliation process from its inception, making BRx Match a strategic asset for enterprises seeking to optimize their reconciliation operations while maintaining integrity. The introduction of BRx Match marks a notable departure from traditional reconciliation solutions that have struggled to meet the ever-evolving demands of the modern business landscape. In the past, businesses faced a daunting challenge when attempting to consolidate and coordinate reconciliation efforts across diverse data sources and models. BRx Match is an industry pioneer in offering a holistic data acquisition and transformation approach. It provides a set of fundamental matching rules that cater to a wide array of common reconciliation needs. With its versatility, businesses can harness a range of matching engines to attain optimal results, granting them unprecedented control and adaptability in their reconciliation tasks. Data agnosticism is a unique feature of BRx Match. It enables users to seamlessly reconcile across various data types, from securities and cash to derivatives, reference data, card services, financial, and insurance data. This platform delivers a unified and consistent user experience throughout the enterprise. It places the power of reconciliation firmly in the hands of business users, allowing them to design, build, test, modify, and deploy their reconciliation processes with ease.

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