Mercore’s Post

Trade Republic is making waves across Europe with an incredible surge to 8 million customers and managing over €100 billion in assets. As Europe's largest brokerage, they've not only achieved profitability but are boldly expanding into France, Spain, and Italy to enhance their localized service. By offering unique features like commission-free trading, competitive interest rates, and innovative savings products, Trade Republic is redefining what it takes to attract today’s modern investors. However, navigating the regulatory landscape and overcoming customer service challenges will be pivotal as they grow. The fintech landscape is competitive, but Trade Republic’s strategic moves position it well for sustained growth. As they tackle these hurdles, they are undoubtedly a key player to watch in the evolving European market. What are your thoughts on their growth strategy? Let's discuss!

Globalising transactions: cross-border payments in the digital age: In recent years the world has seen a surge in cross-border payments, driven by the globalisation of trade and migration flows. In fact, global payments are expected to rise from USD 190 trillion in 2023 to USD 290 trillion by 2030. But while domestic payments are becoming instant and digital, cross-border payments have taken a ... Read more #CrossBorderPayments #DigitalPayments #GlobalTrade

A transformative year for fintech innovation 🚀 This year brought remarkable progress across #LatinAmerica, #Spain, and #Portugal, redefining how consumers and businesses interact with financial services. From the growing popularity of mobile payments to fintech breakthroughs like Buy Now, Pay Later, 2024 set the stage for greater inclusion and efficiency in the #digitaleconomy. In our latest blog, we reflect on the #fintech developments that shaped 2024 and explore how these innovations will influence #merchants and consumers alike in 2025. 💡 Discover the full insights and key takeaways here: https://lnkd.in/dxsbPK5E #Getnet, your payment partner.

Key figures from the banking and fintech sectors convened in New York in May for a roundtable discussion on the promises and pitfalls of digitising trade finance. With AI breakthroughs already reshaping the landscape and groundbreaking bank-fintech collaborations in progress, the discussion turned to overcoming industry inertia and seizing transformative opportunities.

Good news! Surecomp has successfully completed eBL transactions using its Rivos Inc. platform, connecting multiple parties in the process. This is a big step forward for digital trade finance and will accelerate banks’ adoption of electronic trade documents. #Surecomp #digitaltradefinance #eBLtransactions #RIVOplatform #banking #tradeacceleration #msc #msc_egypt

BoE launches discussion paper on payments innovation The Bank points to interbank systems which are popular in countries like Sweden, Brazil and India but which are overshadowed by cards rails in the UK. It also highlights tokenisation as a key innovation. The payments landscape is considered in the context of retail and wholesale payments; central bank, commercial bank and other privately issued money; and domestic and international considerations are also taken into account. The ‘desired outcomes’ include ‘a payments landscape which maintains the singleness of money and promotes sustained innovation, with infrastructure and a wider ecosystem that is resilient and has sustainable governance and funding models.’ Specific areas of feedback include the scalability of programmable platforms within wholesale financial markets, the pace of innovation in private money from a retail payments context, and the risk and benefits of using tokenised deposits and stablecoins for wholesale transactions. The public has been invited to submit their feedback on the paper, and has until 31 October 2024 to do so.

Every day, hundreds of millions of transactions flow through diverse payment channels, covering all types of purchases, from groceries to transport fares and more! At the heart of this process lies settlement. Settlement is the pivotal moment when financial transactions are finalised, and the corresponding obligations between parties are fulfilled. Though settlement may seem straightforward conceptually, its execution, especially regarding speed and format, has changed and continues to change with the advancement of technology. #didyouknow💡 ◼️ When a transaction occurs over a card network, the funds are not necessarily moving directly from the issuer account onto the acquirer account. ◼️ Instead, there are vital yet very often forgotten parties that ensure this role, known as 𝐒𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫 (𝐒𝐒𝐏) or 𝐒𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐀𝐠𝐞𝐧𝐭𝐬. ◼️ They work in the background to enable the movement of funds between the acquirers and the issuers through a bilateral interbank arrangement (i.e coordination and exchange of funds between the banks). The settlement agent serves as a mediator and can be: 🖇️an intermediary operator 🖇️a commercial bank 🖇️or in some cases, the Central Bank Each scheme may choose a Settlement Service Provider (SSP) for their network, but the settlement process occurs through the banking infrastructure, not the card network itself. Although bilateral settlement is prevalent in interbank arrangements, there are different settlement types: ◼️ Gross Settlement: Direct transfer of funds without offsetting fees for each party. ◼️ Net Settlement: Calculation of total owed between parties, with only the net amount transferred. ◼️ Deferred Settlement: Involves a delay between transaction initiation and final settlement, allowing for additional processing (e.g. securities trading). ◼️ Multilateral Settlement: All transactions are collectively netted and settled among all participating parties (e.g., centralised clearinghouses). 👉🏽#paymentsexperts, any insights or perspectives to add🎤? --- 𝑳𝒊𝒌𝒆 𝒕𝒉𝒊𝒔 𝒄𝒐𝒏𝒕𝒆𝒏𝒕? 𝑯𝒐𝒘 𝒄𝒂𝒏 𝑷𝒂𝒚𝒑𝒓.𝒘𝒐𝒓𝒌 𝒉𝒆𝒍𝒑? 𝘞𝘦 𝘢𝘳𝘦 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴 𝘤𝘰𝘯𝘯𝘦𝘤𝘵𝘪𝘯𝘨 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴 𝘵𝘰 𝘳𝘦𝘭𝘪𝘢𝘣𝘭𝘦 𝘍𝘪𝘯𝘵𝘦𝘤𝘩 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴. 𝘉𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘱𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘬𝘯𝘰𝘸𝘭𝘦𝘥𝘨𝘦 𝘸𝘪𝘵𝘩 𝘰𝘶𝘳 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘧𝘭𝘢𝘪𝘳, 𝘸𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘤 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘢𝘯𝘥 𝘵𝘩𝘰𝘶𝘨𝘩𝘵 𝘭𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘢𝘴𝘴𝘦𝘵𝘴 𝘧𝘰𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘭𝘦𝘢𝘥𝘦𝘳𝘴. 𝘞𝘦 𝘢𝘭𝘴𝘰 𝘥𝘦𝘭𝘪𝘷𝘦𝘳 𝘱𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘵𝘳𝘢𝘪𝘯𝘪𝘯𝘨 𝘪𝘯 𝘢𝘯 𝘢𝘶𝘵𝘩𝘦𝘯𝘵𝘪𝘤, 𝘷𝘪𝘴𝘶𝘢𝘭𝘭𝘺 𝘦𝘯𝘨𝘢𝘨𝘪𝘯𝘨 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩. ✅ Follow Paypr.work [ˈpeɪpəwəːk] ✅ Let's collab 📧intro@paypr.work ✅ Learn more: https://paypr.work #fintech #payprwork #paymentsinfographics

𝗦𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲𝗱, 𝗣𝗮𝗽𝗲𝗿𝗹𝗲𝘀𝘀, 𝗮𝗻𝗱 𝗧𝗿𝘂𝘀𝘁𝗲𝗱 𝗯𝘆 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲𝘀 𝗮𝗻𝗱 𝗠𝗮𝗷𝗼𝗿 𝗕𝗮𝗻𝗸𝘀 𝗪𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲.  Over the last 21 years, Trade Technologies has steadily transformed export letter of credit, documentary collections and open account processing from a completely manual, paper and courier-based process to a mostly digital and automated process. Over that time, we have successfully processed over $𝟭𝟲𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 in transactions on behalf of our corporate and trade bank customers eliminating delays and errors in every transaction to cut risk and accelerate payment.    Why should your corporate or bank trade finance processes still rely on outdated, paper-based methods when a proven solution is already here?   𝗛𝗼𝘄 𝗪𝗲’𝗿𝗲 𝗛𝗲𝗹𝗽𝗶𝗻𝗴 𝗕𝗮𝗻𝗸𝘀 𝗮𝗻𝗱 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲𝘀 𝗧𝗼𝗱𝗮𝘆:   ✅ 𝗣𝗿𝗼𝘃𝗲𝗻 𝗥𝗲𝘀𝘂𝗹𝘁𝘀: Over 57% of our transactions are presented to banks or buyers digitally, through our proprietary TradeSharp platform. TradeSharp automates workflows, eliminates errors and reduces processing times for banks and corporates.    ✅ 𝗚𝗹𝗼𝗯𝗮𝗹 𝗧𝗿𝘂𝘀𝘁: Trusted by over 1,500 corporates and major trade banks, our solutions simplify the management of letters of credit, documentary collections and open account transactions - all through our secure TradeSharp platform.   ✅ 𝗘𝗻𝗱-𝘁𝗼-𝗘𝗻𝗱 𝗔𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻: Banks can now seamlessly connect to #TradeSharp using our #TradeBridge API to eliminate the need to manage or even touch paper documents in the processing of letter of credit, collections and open account transactions.    ✅ 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗼𝘂𝘀 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁: We have accomplished much, but we are not done. We continue to add more trade banks, corporates and products to our business. We are adding AI to all stages of our technology and will soon release end-to-end automation solutions for import LCs, bank guarantees and standby letters of credit.      This isn’t just another empty fintech promise—Trade Technologies has consistently delivered digitized trade finance solutions to corporates and major trade banks for over 20 years. Our technology solutions enhance operational efficiency and add unprecedented value to bank and their clients worldwide.   💡 Ready to digitize your trade finance processes? 𝗚𝗲𝘁 𝗜𝗻 𝘁𝗼𝘂𝗰𝗵 𝘁𝗼𝗱𝗮𝘆, to learn more.    #TradeFinance #DigitalTransformation #FinTech #PaperlessTrade #Export #Import

I love supporting a wide range of business partners at FNBO and the Global Banking team does amazing work! Discover how innovations in cross-border payments are revolutionizing global trade in our latest blog post by @Kalli Heupel. #FNBOInsights #WorldTradeMonth.

Discover how innovations in cross-border payments are revolutionizing global trade. Learn more in our latest blog post. #FNBOInsights #WorldTradeMonth.