Alex Bessonov

Eurobank Cyprus Goes Live on Temenos for Digital and Core Banking Read more: https://lnkd.in/dPfnUXbs #EurobankCyprus #Temenos #DigitalBanking #CoreBanking #BankingInnovation #Finance #Fintech #FinancialIT

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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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Smooth your cash flow with Instant Settlements 💸 Unlike the usual bank transfer processing for #payouts, we now offer instant payout for SEPA payments. If your bank supports SEPA Instant, funds will reach you almost immediately. ⏱️ Get your payout faster and embrace enhanced financial flexibility with ease! Keen to discover more about this feature? Reach out to us at [email protected] 📩 #trustpay #instantsettlements #cashflow #businesssolutions

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🚀 Congratulations to these remarkable 10 companies for securing funding in their latest investment rounds! 1. Mobi Banka - $35M - Mobi Banka offers a comprehensive digital banking experience, providing users with seamless online and mobile banking services, making financial management more accessible. 2. Topl - $1M - Topl is a blockchain protocol focused on creating a more transparent and sustainable economy, enabling users to track the social impact of their transactions. 3. Switchyards - $5M - Switchyards is a unique co-working and event space, designed to foster creativity and innovation among entrepreneurs and startups in the heart of Atlanta. 4. Solar Foods - $9M - Solar Foods develops sustainable food products by producing protein from air and electricity, creating a revolutionary approach to food production that reduces environmental impact. 5. Stoxkart - $12M - Stoxkart is a commission-free stock trading platform in India, offering low-cost, transparent trading services to help investors grow their portfolios without additional fees. 6. Iambic Therapeutics - $27M - Iambic Therapeutics uses AI to revolutionize drug discovery, speeding up the process of developing novel therapeutics for complex diseases and advancing personalized medicine. 7. Face Rock Creamery - $1.5M - Face Rock Creamery is an artisan cheese producer in Oregon, known for its handcrafted cheeses and commitment to sustainable dairy farming practices. 8. Turnkey - $15M - Turnkey offers a platform for building and managing Web3 applications, simplifying the process for developers and empowering them to create decentralized solutions with ease. 9. Sublime Security - $20M - Sublime Security provides advanced email security solutions, leveraging AI and machine learning to detect and prevent phishing attacks and other email-based threats. 10. Lumeris - $100M - Lumeris delivers value-based healthcare solutions, partnering with providers to improve patient outcomes while reducing costs through data-driven insights and coordinated care. 🚀 To stay on top of startup funding news, follow Growth List. Sign up for complete access to data and contact information.

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#PaymentsSimplified The basic diagram can provide some methodology to build out from. SmartCard Marketing Systems Inc (OTC:SMKG) #PaaS #EmbeddedPaytech & #EmbeddedFinance with #DigitalPayments

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🎬 New video alert! 🎉 Dive into OnlyFans Banking and Payout Options with Fans-CRM as we explore all payment providers and useful tips! Don't forget to like, subscribe, and let us know your thoughts in the comments. Watch now 👉 [ https://lnkd.in/eKDZ-fiX ] 👈

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Take control of your card management with PARSPR! From issuance to delivery, ensure your instructions are followed every step of the way. Your card, your way. #CustomerService #FinTech #Innovation #TechInnovation #CardManagement #CardIssuance #banks #PARSPR #MLNO

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Explore the “Latest Advancements in Cross-Border B2B Payments” at the 19th NextGen Payments & RegTech Forum on 6-7 November 2024 at the Four Seasons Hotel in Limassol, Cyprus. Join industry experts as they discuss key topics, including the growth of global B2B eCommerce, transparent tracking of cross-border payments, and the challenges of complex regulations and infrastructure. Discover how scalability and security in cloud-based platforms are transforming the landscape of cross-border transactions. Featuring our esteemed panellists: Georgia Agathangelou, Head of Payments at TFI Markets Ltd George Christofides, Executive Director at Meerkat Services Ltd ("Meerkat City"​) Kamran Hedjri, Group CEO at PXP Financial Moderated by: Robert Courtneidge, Payment Industry Expert Don’t miss this opportunity to gain insights from top professionals in the field! Book now to enjoy a 10% discount before it expires. Contact us at [email protected] to claim the discount! To register and access the agenda: https://bit.ly/47J6SIn For more information on registration, please contact [email protected] #qubevents #Cyprus #Limassol #Fintech #NPF #Payments #Regtech #Event2024 #CEO #AI #Finance #Sponsor #Europe #DigitalPayments #Conference #Networking #Speakers #Forum #Regulatory #NextGen #AML #JoinUs #Compliance #Trends

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 🌍 International Day of Banks: How IT Powers Modern Banking 💻 At Razom Software, we celebrate International Day of Banks by highlighting the transformative role of Information Technology (IT) in reshaping the financial industry. Banking today is more dynamic, secure, and inclusive than ever, thanks to IT innovation. 💡 Digital Transformation: From mobile apps to digital wallets, IT makes 24/7 banking a reality. 📊 Stat: Over 64% of consumers used fintech apps for banking services in 2022—double the adoption rate from 2017. 💡 Cybersecurity: Technologies like AI fraud detection and blockchain secure trillions of transactions globally. 🛡️ Fact: Banks invest $18 billion annually to keep systems safe. 💡 Financial Inclusion: Digital solutions help bridge the gap for 1.4 billion unbanked adults, offering access to financial services worldwide. 💡 Sustainability: With cloud-based solutions, IT helps banks reduce their carbon footprint. 🌱 Fact: Digital banking could save 2.4 billion paper statements annually by 2025. At Razom Software, we’re proud to provide outstaffing services that empower banks and financial institutions with innovative software solutions, driving their growth, enhancing security, and promoting sustainability. How do you see IT shaping the future of banking? Let’s connect and discuss! #InternationalDayofBanks #RazomSoftware #Fintech #DigitalTransformation #BankingInnovation #Sustainability

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Watch all videos from the latest #WOAConf24, #webinars, and news on #digital #factoring on SME Banking TV 💻🖥️➡️ https://lnkd.in/dyrQfJy2 #WOAdigital #invoicefinance #receivablesfinance

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The 2025 SEPA Instant Credit Transfer (SCT Inst) Rulebook by the European Payments Council (EPC) 👇 #fintechreport #payments #sepa #paytech #digitalpayments #digitalbanking #fintech

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🥶 The Schemes Are Coming 🥶 but unlike the dire warning of "Winter is coming" in the Games of Thrones TV series, we believe that the SPAA (SEPA Payment Account Access) scheme is set to reshape the European payments ecosystem, offering banks and fintechs a chance to thrive in an era of open banking. Rik couldn't resist continuing to draw further parallels in this article 👇 https://hubs.la/Q02YvwGZ0 But even if you're not a fan of the TV series, you'll find out why this is a throne worth claiming 👑 #SEPA #SPAA #payments #ecosystem

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𝗛𝗶𝗽𝗼𝘁𝗲𝗸𝗮𝗿𝗻𝗮 𝗯𝗮𝗻𝗸𝗮 𝗠𝗼𝗻𝘁𝗲𝗻𝗲𝗴𝗿𝗼 𝗘𝗹𝗲𝘃𝗮𝘁𝗲𝘀 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 𝗪𝗶𝘁𝗵 𝗢𝗻-𝗣𝗿𝗲𝗺-𝗕𝗮𝘀𝗲𝗱 𝗔𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗙𝗿𝗼𝗺 𝗛𝗜𝗗 To integrate the authentication process and create a unified UX and secure digital banking experience for new mobile and Internet banking, Hipotekarna Banka, in collaboration with Smartis, ensures that electronic payments are performed with multi-factor authentication to increase the security of electronic payments. “We are proud of the early digitization of our internal processes, and of course, the mobile banking and strong authentication, which enabled us to launch some innovative products on the Montenegro market,” says Nikola Milovic, Director of the Support, Organization, and Digital Transformation Sector at Hipotekarna Banka. “In that part, Smartis certainly helped us a lot to maintain the trust of our clients and fulfill regulatory obligations.” The 𝗔𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺’𝘀 𝗳𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆 was able to address the diverse preferences for 𝗦𝘁𝗿𝗼𝗻𝗴 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗔𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰𝗮𝘁𝗶𝗼𝗻 (𝗦𝗖𝗔) methods, accommodating various factors such as one-time passwords (OTP), biometrics, and more. During the phased migration, 𝗦𝗺𝗮𝗿𝘁𝗶𝘀 also provided crucial professional services support to work hand in hand with Hipotekarna to implement best practices related to solution design, user experience, as well as 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗣𝗿𝗼𝗴𝗿𝗮𝗺𝗺𝗶𝗻𝗴 𝗜𝗻𝘁𝗲𝗿𝗳𝗮𝗰𝗲 (𝗔𝗣𝗜) and 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗞𝗶𝘁 (𝗦𝗗𝗞) implementation, all to ensure a successful transition. The partnership with Smartis not only resolved immediate challenges but also positioned Hipotekarna for long-term success by eliminating the need to work with multiple vendors and advancing the bank’s strategic direction. Hipotekarna Banka #Smartis #DigitalTransformation #SecureBanking #MultiFactorAuthentication #InnovationInBanking

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78% of financial services firms believe custom software development is essential for staying competitive. 📊 At CleverDev Software, we help you drive innovation in the FinTech landscape with tailored solutions that promote resilience and growth. 💡 Why Choose Custom FinTech Software? In a world where digital transformation is critical, our expert team delivers end-to-end software development services that cater to your unique business needs. Whether you're in banking, insurtech, or healthcare, we provide innovative solutions that solve real challenges:     Digital Lending & Alternative Financing – Streamline your loan servicing with cutting-edge platforms.     Healthcare Accounting Solutions – Enhance operational efficiency with automated systems.     Insurtech Innovations – Improve claim processing and data sharing for a seamless experience. With our robust team and deep industry knowledge, we ensure that your applications are not just functional but market-fit and high-ROI. 🌐 Are you ready to transform your financial services? Let’s connect! 💬 #fintech #softwaredevelopment #digitaltransformation #banking #insurtech #customsolutions #agiledevelopment

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Bank transfers in some countries have an instant payment infrastructure that supports near real-time transfers. Examples include Faster Payment Service in the UK, and SEPA Instant Credit Transfers in the EU. The adoption of instant payment infrastructures supports businesses in optimizing financial operations, meeting customer expectations, and staying competitive in dynamic markets.

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Multi Level Group (MLG) has announced its #partnership with Sipay in order to launch #EmbeddedFinance and #paymentsplatform for customers in the #GCC #Region. #fintechnews #payments #paymentnews #thepaypers #onlinepayments #mobilepayments #digitalpayments #ecommerce

🌎 The nexo Retailer protocol defines a set of interfaces between a card #payment application and a #retail point of sale system. Using the protocol, retailers can simplify the development of payment solutions supporting #loyalty services such as gift cards, mobile wallets, local payment methods, and auto-detection of foreign language preferences. 💻 Discover how the nexo Retailer protocol can solve the needs of retailers: https://bit.ly/4bSdeHU #nexostandards

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