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KPMG in Canada said that recession fears are behind the decline in investment in Canada’s fintechs to $353.7 million across 57 deals.
According to EchoPay, wholesale merchants face higher card fees than consumer-oriented merchants.
Intix’s André Casterman writes that, while Open Banking could lead to a greater banking experience for users across the globe, this can only be done by ensuring any solutions meet the standards found in PSD3.
Personal and small business current account holders were asked how likely they would be to recommend their provider to a friend, relative or other business.
In his new role, Michael Brown will build on TrueLayer’s recent wins in retail and ecommerce.
Speakers from Mastercard, Avato, Raidiam, FDX and TD Bank discussed a single regulated standard versus market-driven standards at Open Banking Expo Canada.
New research by Sonovate found that 40% of businesses agreed it is easier to access finance from a fintech lender rather than mainstream banks.
Huw Davies of Ozone API also reveals his pride at Ozone API’s work in Saudi Arabia and why the UK needs to play catch-up.
This year, 66 companies have been shortlisted, representing the best of Open Banking, Open Finance and Open Payments.
The research by FIS also revealed differing levels of investment in generative AI among UK versus US financial services firms.
