Rob Walter

ThinCats Passes £2bn Funding Milestone for UK SMEs Mike Hackett, Chief Commercial Officer at ThinCats: “This milestone reflects ThinCats’ dedicated approach to the mid-size market and support for the local finance community with whom we work in partnership to help mid-sized businesses thrive. ThinCats’ commitment to regional investment has been a critical driver of growth and we have built up experienced teams across our network of regional support offices, and they work hard to deliver flexible funding solutions for mid-sized businesses across the UK”.   https://lnkd.in/eqMUA4Jk Daisy Knight Ricardo Bougi Ravi Anand Gary Nutley Beth England Diana Portman Stuart Thompson Amany Attia #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Very interesting article in the Financial Times which sums the situation up perfectly. The new entrants have moved the market on with the services delivered, however despite being used for their "free" or innovative services, users still remain wedded to the incumbents. https://lnkd.in/eR3kaGXV

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Tink Launches Merchant Information to Give Consumers Full Transaction Visibility Jack Spiers, Banking & Lending Director at Tink, commented: “By providing a clear and understandable way of presenting bank account transactions, Tink’s new Merchant Information solution is a win-win for all parties. Consumers can easily recognise their transactions, reducing the need to contact their bank for additional information or to request a refund. While for banks, this opens up large potential cost savings, through fewer enquiries. “Banks and merchants are increasingly interconnected in their digital transformation journeys. Tapping into Visa’s extensive merchant data network, we can enhance the customer experience to give consumers the 360-degree understanding of their spend they deserve.” https://lnkd.in/eiBgFXT2 Sylwia Lindén Stuart Shingler Pascal Lemesre Linda Winder Tobias Schudt Daniel Kjellén Guillermo Lopez Perez #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Raimac Financial Technology Partners with Cashflows to Launch Programmable Payments in the UK Paul Clarke, Chief of Growth at Cashflows, added: “At Cashflows, our vision is enabling business in making payments simple. This partnership is further evidence of how we’re changing payments for the better by simplifying the payments process and offering a smoother, faster experience for customers.”  https://lnkd.in/eXxFSTB9 Frazer M. Ian Donegan Michael Boevink 布 纷 奇 , 마이클 보빈크, مايكل بوفينك Hannah Fitzsimons Hope Allen Baptista Zainu Jacobs Michael Sheppard #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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There’s lots to like about the now published #NationalPaymentsVision for the UK… I can recognise a number of priorities and challenges The Payments Association (and others) have been talking about for some time. That in itself, is hugely encouraging. The Government is listening. A UK Government making a commitment to collaboration, and that sees the importance and opportunity of the Payments industry, is incredibly positive and something I applaud. On initial reading, some key points within the detail: The vision - “A trusted, world-leading payments ecosystem delivered on next generation technology, where consumers and businesses have a choice of payment methods to meet their needs.” ·      “Payments Vision Delivery Committee” – Senior representatives from the FCA, PSR, Bank of England, and chaired by HM Treasury. ·      Innovation, Competition and Security (3 key pillars driving all activity) ·      BoE and PSR will lead on requirements for upgrades/replacements for FPS and UK retail payments infrastructure. Approach agreed no later than end Q2 2025 ·      Reforming of PAY.UK ·      Coordination between regulators needs to improve - the government is concerned that the collective impact is hampering the sector’s capacity for innovation and growth. ·      Commitments to ‘explore’ CBDCs and a Digital Pound ·      Government support for adoption of digital identities in financial services ·      Priority initiatives in Open Banking and Fraud (Financial Crime) o  PSR commits to 12 month review of APP R after 12 months (plus recognition of role of tech and telcos) o  Regulators to examine data sharing initiatives across the financial services sector. o  Adequate consumer protection must be delivered for Open Banking payments, and the government intends to address this through introduction of a dispute resolution process o  The FCA is to be the UK’s regulator on Open Banking ·      A push to boost cross-border activity and international interoperability, but not at the expense of consumer protection or financial stability. Now is the time for #action and #delivery.  The Payments Association will play it’s role, and looking forward to working with government, regulators and the wider industry to support this vision. https://lnkd.in/e6RsUU7r

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Standard Chartered Launches ESG-Linked Cash Account “As companies move from ambition to execution on sustainability, banks play an important role in enabling and motivating them on this journey,” said Mahesh Kini, Global Head of Cash Management at Standard Chartered. “The launch of our ESG-linked Cash Account is another testament to our commitment to offer our clients solutions that empower them to meet both their treasury and sustainability goals.” https://lnkd.in/eU_FBrbt Rami Lawand Alvina Neo Marisa Drew Charlotte Love Christopher Ben Parvinder Singh Sameer Nemazie Mir Rashaduddin Muadh Al Balushi #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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A welcome easter egg 🥚 in today's Bank of England piece on innovation in money and payments, is confirmation that the new Government 👉 will 👈 take forward the National Payments Vision 🛣 That's another tick in the box ✅ for open banking payments, after the Government also brought back the Smart Data Bill, key for underpinning open banking standards. Now if only we could see some progress on VRP from the Payment Systems Regulator and acknowledgment of the risk APP fraud rules pose to growth in the payment sector... Read our piece on the National Payments Vision: https://lnkd.in/eTTiGwNR The Bank of England's Approach to innovation in money and payments: https://lnkd.in/eiFKmxTE #progress #growth #payments #openbanking

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ICMA - International Capital Market Association Publishes GMRA Digital Assets Annex Deena Seoudy, Senior Director and Associate Counsel at ICMA commented “We are thrilled with the launch of the Digital Assets Annex, created in partnership with ISLA, Clifford Chance, and the Digital Assets Legal Working Group. This Annex represents a significant milestone in the evolution of the GMRA, and we are confident it will support the continued growth and innovation of digital assets within the repo market.” https://lnkd.in/eSuJkTC4 Clifford Chance Michael Brown Bryan Pascoe Georgina Jarratt Nicholas Pfaff Mushtaq Kapasi Oliver Tinkler Allan Malvar Alexander Westphal Gabriel Callsen   #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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EPI launches Wero wallet in Germany The European Payments Initiative (EPI) has launched its mobile-first wallet and instant account-to-account payments system in Germany, with other counties set to follow in the coming months. German Sparkassen and Volksbanken, Raiffeisenbanken customers can now make instant money transfers from account to account between individuals, via their banking app. Deutsche Bank will launch wero later this year, starting with Postbank. Wero enables mobile payments from one phone to another. Unlike traditional transfers, Wero users do not need the recipient's 22-digit account number (IBAN). Instead, a mobile phone number or email address can be used for real-time money transfers. Next year, Wero will get the ability to pay any small professional from the wallet, and also pay merchants online and upon invoices via QR code. This includes the ability for consumers to manage recurring payments for subscriptions or installments, but also to pay in merchant apps at point of sale without going through the cashier. In-store payments at the cash register will also be added in 2026, along with other capabilities, such as BNPL, merchant loyalty, programme integration and expense sharing. https://lnkd.in/ev3nH8_Z

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Raimac Financial Technology Partners with Cashflows to Launch Programmable Payments in the UK Read the full story here: 👇 https://lnkd.in/ezwq4AFr #payments #paytech #fintechboostup

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Griffin Announces Move to General Availability, Opens Up BaaS Platform to UK Fintechs Read more: https://lnkd.in/d28E-RtB #Griffin #BaaS #BankingAsAService #UKFintech #FintechPlatform #GeneralAvailability #BankingInnovation #DigitalBanking #finance #fintech #FinancialIT

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Finom Launches SEPA Direct Debit B2B Across Its EMI-Licensed Markets, Expanding Payment Options for European SMEs “With the launch of SEPA Direct Debit B2B, we’re empowering SMEs across Europe to efficiently manage their payment flows,” said Yakov Novikov, co-CEO and co-founder at FINOM. “This feature simplifies complex financial operations, allowing small and medium-sized businesses to automate and manage their outgoing payments to other companies and tax authorities. It’s another step in our mission to build a full-stack financial operating system that enables entrepreneurs to streamline their financial commitments and focus on growing their businesses.” https://lnkd.in/eiaDuxB4 #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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The Competition and Markets Authority (CMA) has announced the completion of its Open Banking Roadmap unlocking a new era of financial innovation. Ben Beecroft, Head of Monitoring at OBL comments Read more here >> https://lnkd.in/eZSAKjvJ #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments #VRPs Financial Conduct Authority | HM Treasury | Payment Systems Regulator

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Industry-first ‘The Payments Directory’ Launches as the Go-To Platform for Businesses Seeking Transparent and Tailored Financial Solutions Without the Need for a Broker Libby James 💳🤓, Founder of Merchant Advice Service commented on the launch of the industry-first The Payment Directory: “Having started working on The Payment Directory back in March as a direct result of my frustrations around the lack of transparency and education available to business owners navigating the complex landscape of financial services, I’m incredibly excited to be able to launch an entirely self-serve solution. “I know it’s going to cause a stir in the industry, with this being the first time that this information has been released to businesses allowing them to take control, do the research and get educated on financial services by themselves, but I want to empower businesses and help them to understand the process and the industry better.” https://lnkd.in/ey6Tv8_g Samantha Walker 10 Yetis Digital #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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🟧🟩🟦 Open Banking: Fueling the Future of UK Public Services 🚀 Open banking is gaining serious momentum in the UK public sector! 🏦 🟠CCS DPS: The Crown Commercial Service launched a Dynamic Purchasing System (DPS) to boost open banking adoption. 🟢Industry Optimism: Fintech leaders like Innovate Finance and TrueLayer are bullish about the DPS accelerating public sector use. 🔵Benefits Galore: Open banking can cut costs, reduce fraud, and improve user experiences for citizens. 🟠Data Power: The upcoming DISD Bill could unlock even more potential for innovative public services. 🟢HMRC Success: HMRC's use of open banking has paved the way for other government departments. 🔵10 Million Users: Over 10 million people are already benefiting from open banking in the UK! 🤯 Let's make open banking the cornerstone of efficient and accessible public services. #OpenBanking #Fintech #UKTech #DigitalGovernment #PublicSector #RokaSearch

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ColCap UK and Molo Complete £300 Million Securitisation ColCap UK’s Treasurer, Paolo Tanca, commented, “This deal represents a significant milestone for us, showcasing our ability to structure and execute successful RMBS transactions in the UK market. We are excited about the opportunities for future growth and expansion.” Esther Morley Matthew Kimber https://lnkd.in/eyBXKnyR #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Oxbury Bank Plc Achieves First Full Year of Profitability Just Three Years Since Launch Commenting on Oxbury’s results, James Farrar, Chief Executive Officer, said: “2023 was an incredible year for Oxbury. We’ve doubled our customer numbers, more than doubled deposits and grown our lending by 75%. “There is great demand in agriculture for Oxbury’s offer – customer focused, tech-driven financing, with better products, supported by an experienced team of relationship managers, that can help farmers take on the current challenges they face, including productivity, land changes and the transition to net zero. “We’re incredibly proud of Oxbury’s progress in such a short space of time. We’ve delivered a growing, profitable business in only three years and built on our very own Oxbury Earth Tech platform – proving how Oxbury can become a new positive force in agriculture, not just in the UK, but potentially overseas. “As Britain’s first and only agricultural focused fintech, we remain committed to serving food and farming businesses and helping our customers achieve their goals.” https://lnkd.in/eBSGDJXF #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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💡 Last week European Payments Council published third version of Mobile Initiated Sepa (Instant) Credit Transfer and Interoperability Guidance. Below is few highlights from the guidance SEPA Instant Credit Transfers are gaining traction within the SEPA framework, with mobile channels anticipated to play a crucial role in their adoption. Retailers being increasingly interested in SCT-based payments for both in-store transactions and mobile commerce, viewing them as a complement to traditional card payments. Several European countries have already launched various solutions in this area, reflecting the growing momentum for instant payments. Mobile Initiated SEPA (Instant) Credit Transfers (MSCTs) represent a modern approach to digital payments, allowing users to initiate instant credit transfers directly from their mobile devices. 💡 MSCT Transaction Mechanics MSCTs encompass both SCT Inst (SEPA Credit Transfer Instant) and SCT (SEPA Credit Transfer) transactions initiated through mobile devices. These transactions utilize existing payment infrastructures in the inter-PSP (Payment Service Provider) space, focusing on interactions beyond this space, such as between the payer's mobile device and the point of interaction (POI). 💡 Modes of MSCT Transactions There are two primary modes of MSCT transactions based on how payment initiation data is exchanged: 💡 Payee-Presented Data: In this mode, the payee provides necessary data to the payer, either through direct presentation or prior sharing (e.g., P2P payments). This method is widely adopted for various payment contexts, particularly P2P and consumer-to-business (C2B) payments at physical points of sale (POI), often using QR codes. 💡 Payer-Presented Data: Here, the payer provides their identification data to the payee, which can be shared through proximity technology or manually entered. This mode is appealing for businesses wanting to offer enhanced customer experiences but faces challenges such as the need for compatible POI terminals and security concerns regarding data generation. The standardization of QR codes for interoperable SCT Inst payments is currently in the final approval stage by the European Committee for Standardization (CEN). 👉 Click here to read the complete guidance: https://lnkd.in/dyAiPbSz

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