Q2 2021
Featuring
CONTEN Contents 4
Open Banking: Shaking up the status quo
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FinTech Outlook: Digitalization driven by customer satisfaction.
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NTS
FinTech Magazine
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Let’s learn more about Mambu
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Adverse news monitoring capabilities
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TOP JOBS A selection of jobs in payments & FinTech by PaymentGenes.
PaymentGenes partners with Enfuce
PaymentGenes Q2 2021 3
Feature Tink
Open banking Shaking up the status quo by Caroline Lanslots
Business Development Manager
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FinTech Magazine
To say that 2020 was a transformative year would be putting it mildly. The ongoing pandemic has prompted profound changes in the way we live, work, spend and socialise — with prolonged social distancing restrictions meaning that many aspects of our lives have moved online in the past 12 months. Financial services have been no exception to the disruption caused by Covid-19. But even before Covid-19, open banking had been driving a quieter revolution, encouraged by regulatory changes and spurred by growing competition and innovation in the industry. And rather than stall the open banking movement, the pandemic has only turbo charged it — rapidly accelerating the shift to digital and throwing up new customer challenges that banks urgently needed to respond to.
Now, as we wrestle with the new social and economic realities of life with Covid, it’s vital that financial institutions continue to prioritise open banking in order to support their customers in new ways and provide accessible financial services seamlessly over digital channels. But how can they achieve this? Last year, Tink asked financial executives from institutions across Europe about their attitudes to and investments into open banking. The insights, published in four reports, revealed an industry ready to embrace the benefits of open banking but still at the very start of the journey. Based on the research we conducted, we identified four key points to help financial executives make the most of the open banking opportunity.
PaymentGenes Q2 2021 5
Feature Tink
Build a robust open banking strategy Financial institutions are increasingly alive to the open banking opportunity — with 61% saying they now feel positive towards it. However, 42% still don’t have a clear strategy in place to truly drive value-creation and reap the full benefits that it can offer. One of the main reasons for this is a lack of clarity around how to realise its potential. In 2021, the winners will be the executives who are able to translate the opportunity of open banking into a robust strategy — something which will put them in prime position to start achieving concrete returns. Our research made it clear that this isn’t a ‘one size fits all’ process. Indeed, while some financial institutions approach open banking as a long-term strategic play, a growing number of business
leaders instead see it as an opportunity for short-term, quick-win value creation. It’s important that banks don’t look at open banking as a compliance exercise but rather as a service that they offer to their customers. Thankfully, executives are now seeing the opportunity to automate or trigger processes based on the ability to read data and move capital. This means that they can deliver an even more personalised data-driven service. Ultimately though, open banking can offer a considerable number of both short and long term opportunities for financial institutions across Europe — each with their own rewards. However, it’s a journey that will likely begin with more elementary open banking use cases which, over time, will evolve into more complex and sophisticated ones.
Open banking essentially describes the exchange of data between a financial institution and a third-party provider (TPP) to deliver enhanced capabilities and experiences to the market. 6 PaymentGenes Q2 2021
FinTech Magazine
Allocate budget wisely and strategically While the positive shift in attitudes is a solid indication of the importance of open banking, it doesn’t fully reflect the significance of the movement. Our research showed that financial institutions across Europe are investing big in their open banking efforts, with median spend typically lying between €50-€100 million, while 45% of executives have investment budgets that are even bigger. The magnitude of investments shows that open banking has become central to digital transformation programmes. Of course, not all financial institutions will have budgets of this scale, so the key here is to allocate budget wisely and strategically — pumping it into the areas of the business that ensure maximum ROI.
Invest in use-cases So where are these investments being injected? Our research revealed that 71% of financial executives are putting compliance related use cases — that deliver immediate value to their business by improving customer acquisition and engagement, as well as employee productivity — at the top of their investment list. With compliance seen as mission-critical to keeping a business running, it’s understandable that many financial institutions continue to focus in this area. That said, it’s crucial for them to take their open banking strategy to the next level — investing in use cases that help enhance the customer experience and increase their competitive advantage. By doing this, they can ensure they stay ahead of their main competitors, such as challengers and PSPs. Executives should also evaluate where to invest next by assessing the complexity, impact and urgency for open banking in every segment. And wherever competitors are taking market share from the existing businesses will nearly always be the most immediate area to invest in. PaymentGenes Q2 2021 7
Feature Tink
Prioritise partnerships Last but by no means least, to fully reap the benefits of open banking, financial institutions need to forge successful and strategic partnerships with fintechs. Such partnerships are invaluable as they can provide the technology, expertise and vision to drive open banking value creation — creating both short and long term value for financial institutions and, in turn, for their customers. Encouragingly, across Europe, 22% of financial institutions already have a fintech partnership to access open
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banking technologies, with many working with more than one partner. Not only this; in 2020, 70% of the executives without an existing partnership indicate that establishing a fintech partnership to access open banking technology was a priority for them — a trend we expect to continue and grow in 2021. One thing to keep in mind, however, is that for partnerships to truly work, fintechs must be able to navigate the complicated procurement process, onboarding requirements and mission-critical service delivery that many larger banks require.
FinTech Magazine
Looking ahead, open banking adoption and understanding can be expected to increase significantly over the next year as the consequences of Covid shape behaviors and lives long-term. Financial institutions now have a golden opportunity to proactively respond to the current situation — prioritising and driving digital banking and payments to meet the increasing demand for online and mobile solutions. The winners will be the banks that
leverage open banking and place a relentless focus on the development of innovative banking solutions that are tailored to the individual circumstances of customers and businesses. 2020 was very much the year of open banking value creation as executives began to wake up to its potential. Meanwhile, 2021 will be the year we see open banking truly become mainstream as it plays a central role in the continued transformation of the financial services industry. █ PaymentGenes Q2 2021 9
Feature Giesecke+Devrient
FINTECH OUTLOOK Digitalization driven by customer satisfaction. Feature by
True entrepreneurship always starts with an idea that solves an actual problem. For a Fintech this could be creating smooth onboarding to banking services, or to reduce fees connected with a credit. All done with digital savviness and a strong vision. But it’s important to recognize that there is no way of shortcutting the banking process with its regulations and needs for controls and checks. And as Fintechs grow from entrepreneurial idea to customer facing offerings, a sustainable partner strategy is the silver bullet to success! 10 PaymentGenes Q2 2021
FinTech Magazine
Technology is, of course, crucial to any digital company in the financial sector. It is the engine that powers real-time access to across multiple devices, ensures processes are secure, and enables new features to be introduced and scaled quickly. Creating a flexible, future-proof technology roadmap as early as possible has numerous advantages for Fintechs. It can enable innovative products and services to be delivered quickly, provide tools that mitigate a wide range of risks, such as those connected with regulation and data security, and facilitate expansion into new markets. For those entrepreneurs more driven by delivering a product or service the market needs than the technology behind it, partnering with specialist providers can be particularly beneficial. And this is where Giesecke+Devrient (G+D) comes into play. G+D is a pioneer when it comes to payments, with an industry legacy leading back to 1852. Having delivered projects and solutions for over 700 financial institutions worldwide, this experience has led to develop an approach to working with Fintech providers as partners – an approach that G+D feels will enable to deliver results, fast.
Rüdiger Vogt, Head of Payment 4.0 at G+D says “Through our work with a growing number of Fintechs, we have learned about some of the most significant technology-focused pain points companies face. For instance, payment card issuance can be a long and complex process and we can make it faster and easier for an outstanding customer experience.”
A card is a card is a card! Get G+D’s introduction to payment cards! Want to know more about cards? Watch this Fintech talk with Rüdiger Vogt on G+D’s eco initiative for payment cards.
PaymentGenes Q2 2021 11
Feature Giesecke+Devrient
With consumers increasingly expect to be able to use a new card instantly. Thanks to powerful APIs, it is now possible to offer customers a digital version of a card for use immediately in e-commerce transactions or mobile payments. For Fintechs, this ensures a fast, seamless customer experience and means revenue can be generated from the get-go. But new offerings have limited value if they are not fully secure. As customers and regulators increasingly demand better privacy and security, Fintechs must ensure they maintain trust and are compliant. Tokenization and two-factor authentication are two technologies that can help to provide peace of mind to consumers and meet new legislation requirements. G+D’s Convego CloudPay Suite is a complete set of payment tokenization solutions that work seamlessly with any payment scheme and with any X-Pays, e.g., Apple Pay, Samsung Pay or Google Pay. Thanks to a close cooperation with Visa and Mastercard, these trusted tokenized payment solutions feature a unique readiness to fully support their tokenization services.
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Award winning solutions: G+D’s tokenization solutions are best-in-class according to Juniper research - and this is why!
FinTech Magazine
For the authentication part, G+D understands the new use cases and business models that are shaped by regulations and user behavior and also knows the challenges that come with such security requirements.
“There is a strong need to combine convenience and security for remote authentication,” says Rüdiger Vogt, Head of Payment 4.0, G+D. Once a Fintech offering has been proven to work in one geography, scaling is often high on the agenda of founders and investors alike. But entering new markets comes with its own challenges. While the beauty of software is in its ability to scale up effortlessly, regardless of borders, financial services regulation is a different matter.
Next generation payments made easy – globally!
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Feature Giesecke+Devrient
A shifting industry landscape offers potential for identifying new differentiators in order to create value. But at the end of the day, the silver bullet to success is to identify future challenges early.
And for those connected with the value chain which will have a greater impact on revenue streams, growth and scaling, looking for well-versed partners might be the right pain relief.
Or as Rüdiger puts it in this easy guide on must-haves in a successful collaboration:
FAST
We believe that rapid deployment and quick onboarding is crucial to our partners success. That’s why we focus on quick onboarding and timely project execution.
FLEXIBLE
Innovative solutions require a flexible approach. Our technology and software services are designed to build a tailored, bespoke solution for our partners, specific to their needs both now and in the future. From fast track payment card programs, to high-end, top-of-wallet services, we can help.
DIGITAL
One facet of our particular expertise is the delivery of solutions and services that enhance or enable the customer experience. These types of solutions are important to the success of any Fintech, and we can effectively and efficiently support our Fintech partners in their development.
GLOBAL
Our position as a leading global provider means that we can offer support at any level of implementation – from regional implementation to global expansion strategies. We can support any Fintech throughout every stage of their growth. █
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FinTech Magazine
About G+D G+D has been at the forefront of advances in payment for over 160 years. From printing the first banknotes for the central bank of Germany to inventing the Euro-cheque card, the company has developed industry-leading technology that is trusted by over 700 financial institutions around the world. By partnering with experts that are embedded in the fast-moving technology space, Fintechs can concentrate on their core mission, safe in the knowledge that they won’t have to play catch up with technology behind it. Follow us on LinkedIn Listen to our podcasts on Spotify
Author: Jennie Johansson Carnhamre PaymentGenes Q2 2021 15
Interview Mambu
Let’s learn more about PaymentGenes’s new partner
PaymentGenes is extremely proud to announce its partnership with Mambu. PaymentGenes will offer Mambu’s customers a selection of payments and card issuing solutions, card scheme membership or regulatory license applications towards product design, and a certified implementation. Check out our interview with Michel Breeuwer, General Manager Benelux at Mambu, to learn more about how customers can benefit from this strategic partnership.
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FinTech Magazine
An introduction to Mambu SaaS. Cloud native. API-driven. These all describe our market-leading banking and financial services platform. It was inspired by a university project the three founders worked on which focused on uncovering the needs of microfinance organizations in Angola and Mozambique and how technology could be used to support their operations. The aim was to find ways that technology can help enable organizations increase access to finance faster and cheaper. They saw the opportunity and solution offered by cloud - and built on that idea, changing the banking space. Mambu launched in 2011 and is now the global market leader in SaaS banking enabling financial institutions to embrace composable banking and focus on what truly matters: being customer centric, offering customers the best possible services and products.
How do you define core banking? At the heart of every financial institution you will find a core banking system. It is the back-end system that enables financial institutions to create financial products such as loans and deposits. Next to creating these products, the system functions as the system of record for the account balances, transactions and accounting related to the financial products. Mambu’s platform is versatile to be used by banks, retailers and telcos - basically any company with a financial offering - but we do things differently. We take a composable approach. PaymentGenes Q2 2021 17 17
Interview Mambu
What is composable banking? Composable banking is an approach that allows financial service providers to compose the banking experience best suited for them without being tied to a specific vendor, product or technology. The financial services industry is evolving. Changing market conditions, customer expectations, and regulations result in more pressure on the business models of existing financial institutions. For that reason many institutions are asking themselves: “Does my current system and way of structuring the IT landscape allow me to embrace all of these changes now and in the future?” The solution for this is composable banking.
Composable banking is the approach for banks to embrace change, it is the approach to design and deliver financial services based on the rapid and flexible assembly of independent, best-for-purpose systems. This approach enables financial institutions to achieve synergy benefits, maintain flexibility and build customer journeys tailored to their own vision and more importantly the ever changing specific needs of their customers. Our SaaS platform enables composable banking. What are some use cases that show the impact of implementing Mambu? A good use case is from New10, the digital spinoff from ABN AMRO who was one of the early adopters of
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FinTech Magazine
Mambu’s platform solution. By embracing the cloud and a SaaS core, they were able to rapidly onboard new users that were not existing customers of ABN AMRO. Drastically reducing the onboarding time allowed New10 to quickly tap into a new group of customers such as SMEs. The entire project also went from concept to launch in just 10 months and showed customer results quickly. If you look at this timeline, you can see that composable banking enables a different way of doing transformations. Another example would be reduced risk and time to market. Amsterdam Trade Bank was able to launch their MVP in only 52 days and now has
real-time risk dashboards to mitigate all kinds of risks. Maybe a last exmaple would be cost reduction, where Tyme Bank in South Africa reduced its platform cost by 50% after implementing Mambu. How can financial institutions benefit from composable banking and Mambu’s SaaS Core Banking System? As previously mentioned, financial institutions need to be able to keep up with change, become truly customer centric, embrace synergy benefits by integrating best of breed solutions, and remain flexible. There is one more thing I would like to highlight around PaymentGenes Q2 2021 19 19
Interview Mambu
incremental transformations. When many banks think about a transformation, they think about the big bang transformation. So multi-year projects with negative ROIs, and the moment that you then finally realize your project, the metrics that you were measuring likely became obsolete because the market is constantly changing. We enable financial institutions to transform and ‘renovate’ their architecture fraction by fraction.
“We enable financial institutions to transform and ‘renovate’ their architecture fraction by fraction.”
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With Mambu, financial institutions embrace lean implementation models, reduce their risk, increase their ROI, iterate and make decisions based on data, and apply a continuous improvement mindset rather than trying to do a big bang migration every 10 years. How can Mambu’s SaaS Core Banking System help financial institutions with open banking? Open banking allows for innovation and customisation in scenarios that institutions cannot possibly predict yet. More opportunities to differentiate. This is the time to personalise services, which is becoming the new norm. As an API-driven SaaS core banking platform, Mambu is uniquely positioned to support financial institutions with our open banking ambitions.
FinTech Magazine
How do you think consumers perceive open banking?
open banking is still not delivering what it has promised.
I believe that open banking is a term misunderstood or unknown by many consumers. We wanted to get better insight into how people view and use open banking today, so we conducted consumer research. Our conclusion, based on input from 2,000 global banking customers, is that open banking hasn’t delivered what it promised. Yes, open banking is being used, and yes, there are advantages. But has it fully delivered on the potential to optimise how consumers move, manage and make the most of their money? We’re saying no. Not yet. In this consumer research we also dive into the specifics of what financial institutions can do to improve the fact that
What can be expected from the partnership between Mambu and PaymentGenes? With PaymentGenes being an internationally recognized consulting and recruitment service partner to the fintech and payments industry, I see great opportunity for both companies to help non-financial institutions who want to enter the financial services industry - such as the larger retailers and e-commerce organisations. Next to that PSPs who want to become an EMI or even a bank, but also other greenfield and transformational banking projects can benefit from our partnership. █
About Michel Michel is General Manager Benelux at Mambu with 10 years of experience and a strong track record in consulting and business development within the financial services industry. Motivated by helping financial institutions create more value for their customers with flexible and scalable solutions, he leads growth and drives execution in the Benelux region.
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Feature Owlin
’s
adverse news monitoring capabilities empower leading PSP’s. Many payment providers (PSPs) are seeking possible leading indicators for financial merchant risk. This is challenging, as relevant financial data is generally not readily available for smaller and medium sized companies. Increasingly, however, social media, consumer complaints platforms, and other news sources may act as indicators of whether all is well with this merchant, particularly when these show sharp quantitative changes.
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FinTech Magazine
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n 1546, the English writer John Heywood introduced the phrase “out of sight, out of mind.” In the context of doing business in a globalized world, organizations can’t let anything be out of sight. Otherwise, they would face increased financial, compliance, and reputational risk. However, for PSPs with portfolios of thousands of merchants, making millions of transactions per day, ensuring continuous monitoring is complicated, due to the inability of manual research to timely pick up signals about relevant micro-level activity and suspicious behavior. Automated adverse news screening is the latest addition to the set of tools PSP’s can use to manage financial crime risk and effectively address standard procedures like entity monitoring, counterparty reviews, and more.
A New Approach to Adverse News Monitoring In 2020, over $32b was lost due to payment fraud. To bring that number down, authorities are introducing stricter regulations. Starting this year, PSPs within the EU will have to comply with the Sixth Money Laundering Directive (6AMLD). The extended scope of the regulation requires from organizations to ensure that employees at all levels are aware of their responsibilities towards the transaction monitoring process. Should an offense take place, all persons responsible for it will also be legally culpable.
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Feature Owlin
From now on, regulators will not only tolerate but may also request from organizations to adopt adverse media screening controlling functions to identify breaking news stories. PSPs with extensive global merchant portfolios would have to apply this control among all countries and languages relevant to their supply chain. To master the process, McKinsey advises organizations to choose an NLP-powered solution with extensive coverage that timely picks up signals from diverse sources and systemizes data by country, language, and customer. Owlin’s platform ticks all boxes. By analyzing millions of sources across 12 languages simultaneously and near real-time, it leaves no stone unturned, granting companies complete coverage of their global portfolios.
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Regulatory requirements aside, the inability or hesitation in tracking negative news can also result in hefty financial losses. “Bankruptcy risk has by far the most direct impact. With travel agencies, this can have an immediate snowballing effect. If a client goes out of business, you will start receiving the chargebacks. While they will be piling up as a result of the losses, the deposit funds will quickly be depleted,” shares Erik Stelwagen, Senior Investigation Manager at Worldline, Europe’s largest PSP. “Thanks to Owlin, we have a good control of these processes and the ability to intervene in time,” he adds. Even if adverse news monitoring helps a company avoid just a single
FinTech Magazine
loss per year, it will generate a substantial ROI and prove invaluable.“ “While in the final stages with a leading client, Owlin alerted us about news of financial difficulties that would have likely resulted in chargebacks. It is difficult to estimate how many losses we would have potentially incurred,” points out Stelwagen. Loss estimation is always better to remain on paper. To get a sense of the potential implications, just look at
Thomas Cook’s bankruptcy and the consequences that rippled through its supply chain. Many PSPs were late to mitigate their financial exposure and suffered millions of losses due to chargebacks. Recently, D-Reizen went bankrupt. Its director projects the default to affect the whole Dutch travel industry chain. According to PwC, a dollar invested in fraud prevention today is worth twice as much when a fraud hits.
“We had a risk exposure on a merchant, but thanks to Owlin, we found out there were tons of user complaints ongoing. We took immediate action and recovered a part of the loss which we would have otherwise faced.” Barry Landegent, Head of Merchant Potential Liability Risk at Adyen
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Feature Owlin
For PSPs, automated adverse news monitoring also comes in handy for mitigating reputational risk. While financial crimes happen in the shadows, their effect is public. Considering that markets have a long memory, any step in the wrong direction that gets media exposure can negatively affect long-term growth opportunities and client retention. Adverse news screening, in the way it had been applied to date, has its
flaws. So far, PSPs’ research teams handled the process manually by looking for negative news on Google. Considering that due diligence should be ensured when onboarding new clients and on an ongoing basis, this process becomes exceptionally exhausting for companies with extensive client portfolios. Furthermore, manual research is prone to missing critical pieces of information. And with 6AMLD’s 22 additional offenses and all the permutations
“With Owlin, adverse news monitoring takes no more than an hour per day for the whole portfolio. If we had to do this manually, we would need a whole day and still not be able to cover all clients.” Erik Stelwagen, Senior Investigation Manager at Worldline
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FinTech Magazine
between them, the task becomes nearly impossible if not automated. Performing in-depth analysis with Owlin means signals are delivered straight into the dashboard, solving research teams’ problem of navigating endless news streams. The real-time ranking and prioritization capabilities allow fraud analysts and investigative departments to identify the outliers and bad actors within their portfolios timely.
Automation Is No Longer a Choice The clock for the current model has run out. PSPs can no longer afford navigating a niche of increased financial, compliance, and reputational risks relying on legacy manual mechanisms. Instead, they should enhance their adverse news monitoring procedures with the proper automation tools. With Owlin’s early-warning capabilities on their side, organizations ensure they are in a pole position for detecting the “unknown knows” around their merchant portfolios and future-proof their compliance and risk-management departments. █
For more information, visit www.owlin.com or reach out to us via info@owlin.com PaymentGenes Q2 2021 27 27
Interview Enfuce
PaymentGenes collaborates with Enfuce to yield the best results for clients. PaymentGenes and Enfuce, a fast growing FinTech company offering a SaaS cards issuing and transaction processing platform, are thrilled to announce their collaboration where PaymentGenes will be a partner for consulting with Enfuce customers, helping with card scheme selection, product definition, regulation and implementation. Check out this article where Parag Shah, associate partner at PaymentGenes interviews Monika Liikamaa and Denise Johansson, co-founders at Enfuce, to learn more about this partnership.
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FinTech Magazine
What Makes for a Strategic Partnership Between Enfuce and PaymentGenes PaymentGenes and Enfuce share the same outlook and goal of bringing the most value to the customer. Being in a high growth phase, a collaboration with a partner that sees the world in similar colors is what enables both parties to utilize their capabilities towards providing clients with a new unique, high value service.
A Collaboration Model to Yield The Best Results for Collective Clients Collaboration means we combine our strengths to deliver even higher value to our customers. To enable clients to succeed, we must start from fully understanding what they want to achieve: “How does the customer define success?” This is where other companies have shortcomings because they fail to translate client’s needs into a tailored solution.
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Interview Enfuce
Failing to do that can be detrimental to the client because it can result in a product that is obsolete.
Impact of FinTech on card issuing
This is where PaymentGenes fits perfectly into Enfuce’s ecosystem as it excels in payments knowledge and market trends, allowing it to turn the clients’ needs into a successful solution. Not to mention that the two parties can recognize opportunities and invoke each others’ capabilities.
There are clear challenges that the legacy players are facing. Clients require the ability to issue and fund cards instantly and virtually to mobile wallet applications. The process to enable the client to do so should thus be swift and delivered within months. Issuing solutions also are more targeted and embedded in vertical specific use cases.
Under this collaboration, PaymentGenes assists in bringing value together to their customers by building their cards roadmap, especially from an innovation, implementation, compliance and regulatory perspective. This will be offered in an “all under one package” form of service, with the lead objective to conceptualize and deliver a fully functional business, technology and operational eco-system to the client.
The pandemic certainly accelerated and enforced digitalization, which ultimately helped combat fraud and money laundering. The pandemic also helped in emerging new types of players that are focused on offering sustainable services. That being said, there is also a clear growth in the number of neobanks that are essentially offering the same services where we can help them with innovative solutions.
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FinTech Magazine
“Banking will be here for eternity, but banks won’t. New business models are coming into foray and there is a clear and present need for stakeholders to change their approach”
The Shift Towards Agility in FinTech We are witnessing a trend where established FinTech companies are required to adopt an agile approach in order to stay relevant. If you look at five years ago, new projects had long processes and required an extensive timeline. If that way of working would be applied in today’s fast paced environment, a product would be obsolete by the time it is finally launched. Thus, speed became key for any player that wants to stay on top of the game, and companies are constantly on the lookout
for ways to speed up their processes and be the fastest to market.
The Can-Do Attitude The biggest common work ethic between Enfuce and PaymentGenes is the “can-do” attitude. It is very intriguing to see that Enfuce always makes sure the customers get over the finish line even though they need to carry them there. This is also while delivering quality at a reasonable price, which is absolutely crucial for smaller organizations such as PaymentGenes. PaymentGenes Q2 2021 31
Interview Enfuce
Contributing Towards a Sustainable Society Mobility is a large contributor to CO2 emissions, which is exactly the area where Enfuce and PaymentGenes would like to contribute to. An example of how this can be done is by creating a mobility as a services platform where the traveller can choose how to go from A to B and they are presented with carbon footprint calculations associated with each means of transport. This could positively impact the customer by encouraging them to choose the most sustainable method of reaching their destination.
Enfuce’s My Carbon Action Service
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My Carbon Action is a service built by Enfuce in 2019. The transaction-based carbon footprint calculator is built for fintechs, banks and merchants committed to helping their customers live a more sustainable life. When building My Carbon Action, Enfuce was committed to making it revolve around people and their lifestyles. The main goal of rolling out My Carbon Action is to assist consumers and corporates understand their carbon footprint in association with their payments, and change the way they behave in order to adopt a more conscious lifestyle. █
FinTech Magazine
About Monika Liikamaa: Monika Liikamaa is the CEO, Co-Founder and Chair of Nordic payment service provider Enfuce. Monika’s visionary thinking and her 20+ years of experience in the fastpaced payment industry has enabled Enfuce to integrate services for its customers in record time. Building sustainable solutions is a core value of Enfuce and this is made possible thanks to Monika’s wide knowledge of the industry.
About Denise Johansson: As one of the co-founders at Enfuce, Denise Johansson draws on her +15 years of experience within financial services to lead the company towards sustainable growth. She established ambitious objectives guiding Enfuce to expand, employ the latest digital technologies, and push the team further than they’d been before. Enfuce is now one of the leading fintechs in Europe.
About Parag Shah: Parag is a senior payments expert with over 30 years of deep business, marketing, and technical knowledge of payments and innovation. He has been Consulting and guiding many of the UK’s & Europe’s organizations in their innovation, digital transformation and new product developments.
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SESSION:
How to attract and retain payments professionals in today’s competitive environment? Hosted by
Michael Tailleur Co-founder & President of Americas PaymentGenes
May 31 12:05 PM (EDT) With Guests: Matt Marino - VP Sales , Global Payments Kris Hansen - Co-founder / CTO , Synctera Maria Teresa Chavez - Human Resources Lead Americas, Rapyd
Due to the fast-paced technological fundaments of online payments, the payments industry is rapidly evolving and continuing to become more complex, regulated and globalized. With payments having become at the core of online interactions, getting the right payments professionals on board is a key pre-requisite for business growth in the Payments & Fintech Industry.
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