UMACHA’s Post

🔥 Don’t miss this Powerhouse Debate ‘The way to Financial Data Access’, with speakers from Deutsche Bank, Open Banking Limited, Qwist, The Banking Scene and FTI Consulting, which opens the Smart Data Show at #OBExpo UK & Europe 2024. In this session, hear from Joris Hensen, Henk Van Hulle, Nicola Breyer, Rik Coeckelbergs and Marija Ivoninaite as they dive into critical questions posed by moderator Ellie Duncan, head of content at Open Banking Expo, including: 🔍 How will data exchange work with numerous players entering the ecosystem? 🌍 Will FiDA lead to differing national implementations across the EU? 🚀 What needs to happen to deliver FiDA and give Open Banking principles a boost? 🔮 What is the regulator’s intention and how will banks be expected to self-regulate? 💡 Are banks ready to explore new data and innovate their product offerings? 🔐 What is FiDA unlocking with Premium APIs and beyond? 💼 How can regulatory frameworks open up new markets, from insurance to pensions? Join us for an in-depth exploration of these critical issues. Get your ticket to Open Banking Expo UK & Europe 2024 at the Business Design Centre in London on 15-16 October 👉 https://lnkd.in/dsMKcmSR #OpenBanking #FiDA #FinancialInnovation #FutureOfFinance #SmartData #datasharing

Hear from speakers representing Peoples Group, ATB Financial, Questrade Financial Group, KPMG Canada and CGI at #OBExpo🇨🇦 as they deep dive into the crucial steps needed to realize the full potential of #OpenFinance. In this 🔥panel session ‘Open Data, consumer-permissioned data, and rights: The pathway to Open Finance’, moderator Michelle Beyo, chief executive officer of FINAVATOR INC and president of Open Finance Network Canada is joined by Jeremy Bornstein, Victoria Clark, Tanya Woods, ICD.D., Edwin Isted and David Hooper. The key points up for discussion include: 🔑 Reliable data: Who owns, uses, and regulates consumer data? 💡 The power of consumer-permissioned data: How does it work and why is it beneficial for businesses? 🔓 Open Data access: Exploring consent layers and infrastructure requirements. 🔮 Future vision: Mapping out the data roadmap for utilities, insurance, wealth management, telecom, and third parties to enhance choice for Canadians. Join us for an enlightening discussion on Open Finance's data revolution at OBExpo🇨🇦. Let's shape the future together! 🚀🇨🇦 Register here 👉https://bit.ly/3lyODTg 🚀📈 #OpenFinance #datasharing #OpenBanking

We are thrilled to share that FDATA North America and Steve Boms applauded the Canadian government's inclusion of a Consumer-Driven Banking framework in Budget 2024. This move marks a pivotal moment for consumer and small business financial empowerment across Canada. As part of this initiative, Canada is set to join the global movement towards consumer-centric financial services, aligning with the practices of nearly every other G-7 nation. This framework promises to enhance innovation and inclusivity in the Canadian financial services market, paving the way for a more equitable financial ecosystem. FDATA North America is committed to working closely with the government to implement this open finance framework. The focus will not only be on consumer benefits but also on extending these advantages to small and medium-sized enterprises (SMEs), ensuring they are not left behind. This development reflects a significant stride towards a more inclusive and innovative financial landscape in Canada. We look forward to the positive changes this will bring to consumers and businesses alike. #Finance #Innovation #OpenBanking #CanadaFinance #SMEs #ConsumerEmpowerment #FDATA Read our statement here: https://lnkd.in/g4uSTuEd

A Women Entrepreneurs Finance Code (WE Finance Code) is being rolled out in 20+ countries in 2024-2025 to expand the amount of financing available to WMSMEs. The Code will increase the number of financial institutions globally that are disclosing their level of funding to Women-led MSMEs and will create incentives, transparency, and accountability to close the gap. Alliance members have seized this opportunity to galvanize their national ecosystems to sign up to the Code. In this panel, we’ll explore their rationale for doing so and their strategies for getting other national Anchors, such as central banks and trade associations, on board. Our panelists will also share their vision for taking the Code forward in their country. Wendy Teleki, The World Bank Chantal Korteweg, ABN AMRO Bank N.V. Dalma Hernandez Florián, Asociación de Bancos Múltiples de la República Dominicana Nadia Al Saeed, Bank al Etihad Check our full agenda here:  https://lnkd.in/eQupv2ky #2024AllianceSummit #ChampiontheFemaleEconomy #InclusiveFinance #FemaleEconomy #FAforWomen #WECODE

Delighted to participate on May 14 in the OECD/INFE Virtual Workshop, important topic to deepen digital financial literacy and increase digital financial inclusion.

🌎🌍🌏 Thank you to the over 130 participants in the "OECD/INFE Virtual Workshop on Digital Financial Literacy Related to Digital Payments" which took place today. This is part of a series of workshops open to INFE Full Members that focus on critical developments in digital financial services with implications for financial literacy, building on the input of invited researchers and examples of policy and programme implementation. 💡 We discussed evidence and key insights from research: - Andreas Walter presented the correlation between the frequent use of mobile payments and costly credit card behaviors - Carin van der Cruijsen focused on some of the consequences of digital payments: the reduced "pain of paying" and persisting gender gaps This was followed by case studies from INFE Members: - 🇧🇷 Paulo Gontijo, Banco Central do Brasil - 🇮🇪 Muriel Dolan, Competition and Consumer Protection Commission, Ireland - 🇭🇰 Dora Li, Investor and Financial Education Council, Hong Kong (China) - 🇺🇦 Olena Trygub and Tetiana Mashlakovska, National Bank of Ukraine Thank you also to the Chair of the meeting, Martine Belanger from the Financial Consumer Agency of Canada | Agence de la consommation en matière financière du Canada 📖 The discussion will feed into a note to be released later this year, which will build on the results of a qualitative data collection among INFE members and will highlight policy considerations. 📣 And we will soon release the note summarising the results of the previous Workshop, which addressed the financial literacy implications of short-term online credit and Buy Now, Pay Later products ! #OECDINFE #financialliteracy #financialwellbeing #digitalpayments Chiara Monticone

Paysafe reported strong Q2 earnings with revenue increasing 9% year-over-year to $440 million. We also saw improvement across our core KPIs. The company beat analysts’ expectations and raised its revenue guidance for the full-year revenue outlook range from 7% to 8%, up from the previous 5.5% to 7%. We now expect adjusted EBITDA margins to be between 27.5% and 28%. This record revenue and performance for the quarter marks eight consecutive quarters of year-over-year growth for Paysafe, since going public in 2021. These results reinforce that that we are executing on the right strategies to transform our operations and position the company for long-term success. Thank you to our dedicated employees, who focus every day on becoming better, driving the business forward, and working hard to bring experiences to life for our merchant customers and consumers. Read more: https://brnw.ch/21wLPck #Payments #Fintech #Paysafe #ItStartsHere

Today, FDATA North America submitted its response to the Bank of Canada’s Retail Payments Supervision Consultation. FDATA NA expressed broad support for the new supervisory guidelines under the Retail Payments Activities Act (RPAA). Our response highlighted the significant role RPAA regulations will play in modernizing Canada's financial services and aligning with G7 nations. We emphasized the importance of including payment use cases in Canada's consumer-driven banking framework and provided detailed feedback on operational risk, incident response, safeguarding end-user funds, and notice of significant change or new activity. Key points: - Support for robust regulatory frameworks for PSPs. - Inclusion of payment use cases to advance open finance. - Recommendations for operational risk management and incident response. - Clarification on end-user fund safeguarding and reporting criteria. Read the full response here: https://lnkd.in/et-Zapnf Read press release here: https://lnkd.in/ePgWDMJc #FinancialServices #Fintech #OpenFinance #RetailPayments #BankofCanada

Paysafe reported strong Q2 earnings with revenue increasing 9% year-over-year to $440 million. We also saw improvement across our core KPIs. The company beat analysts’ expectations and raised its revenue guidance for the full-year revenue outlook range from 7% to 8%, up from the previous 5.5% to 7%. We now expect adjusted EBITDA margins to be between 27.5% and 28%. This record revenue and performance for the quarter marks eight consecutive quarters of year-over-year growth for Paysafe, since going public in 2021. These results reinforce that that we are executing on the right strategies to transform our operations and position the company for long-term success. Read more: https://brnw.ch/21wLPck #Payments #Fintech #Paysafe #ItStartsHere

Paysafe reported strong Q2 earnings with revenue increasing 9% year-over-year to $440 million. We also saw improvement across our core KPIs. The company beat analysts’ expectations and raised its revenue guidance for the full-year revenue outlook range from 7% to 8%, up from the previous 5.5% to 7%. We now expect adjusted EBITDA margins to be between 27.5% and 28%. This record revenue and performance for the quarter marks eight consecutive quarters of year-over-year growth for Paysafe, since going public in 2021. These results reinforce that that we are executing on the right strategies to transform our operations and position the company for long-term success. Read more: https://brnw.ch/21wLPck #Payments #Fintech #Paysafe #ItStartsHere