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🌟 Milan Fintech Summit 2024 Ecosystem Partners 🌟 Dateio is a fast-growing Fintech empowering data-driven customer interaction. The Company operates Dateio Platform, the largest payment-data based platform in Europe, connecting 18 banks with 600+ merchants, engaging 8 mio. customers in its reward program. The Dateio platform is shaping the future of banking and retail through innovative use of purchase data. Its ecosystem connects banks and merchants, transforming interactions and enhancing customer experiences. At the heart of our ecosystem is a seamlessly integrated rewards program for mobile banking apps, coupled with a sophisticated targeted marketing and customer lifecycle management tool for merchants. They provide real and relevant purchase data to unlock new opportunities, ensuring our partners stay ahead in a rapidly evolving market. Their mission is to make banking more engaging and rewarding by enabling banks to build stronger, more joyful relationships with their customers. Through their ecosystem, we drive customer satisfaction, loyalty, and revenue growth, creating a positive impact for both banks and merchants. Don’t forget to check our brochure to be among the key players of the event👉 https://lnkd.in/dsX9Xp_C #event #MFS24 #MilanFintechSummit #innovation

It was announced at Money 20/20 Europe in Amsterdam, that bunq, the second-largest neobank in Europe, has partnered with Mastercard to offer its 12.5 million users a comprehensive financial overview. By leveraging Mastercard’s Open Banking platform, users can now add accounts from any bank to their bunq app. This collaboration provides users with spending insights across all their bank accounts, powering bunq’s personal financial management features. With the app's money assistant, Finn, users can ask for a complete overview of their travel expenses or other specific transactions from both bunq and external banks. This makes bunq the first bank in Europe to leverage AI in open banking. The new features have led to a surge in user engagement, with nearly 40% of surveyed users reporting increased app usage within two weeks of launch. This integration simplifies managing multiple bank accounts and advances open banking among bunq’s user base across Europe. These open banking features for users are now available in the Netherlands, France, and Germany, with plans to scale further across Europe. (Image by Mastercard) #bunq #Mastercard #OpenBanking #Fintech #AI #Neobank

Revolutionizing Digital Payments - MobilePay Nearly a decade ago, Danske Bank, a financial industry pioneer, joined Trifork to embark on a game-changing journey, creating the mobile payment revolution we now know as MobilePay. Danske Bank, a renowned banking and financial services leader, had a vision: create a digital transaction system that would redefine convenience. Trifork, known for its agile and innovative approach, was the perfect partner for this ambitious mission. Together, we delivered MobilePay in just six months, a remarkable feat that showcased their commitment to innovation. The development process was agile, adapting swiftly to evolving concepts and emerging feature requests. Danske Bank's expertise in financial services and Trifork's technical prowess created a powerhouse collaboration. The result? A monumental success! MobilePay revolutionised digital payments, democratising fast and seamless transactions for all, regardless of their bank. It introduced groundbreaking features like money requests and setting new industry standards. Today, the MobilePay app, now under the Vipps Mobilepay brand, born from this visionary collaboration, is a staple embraced by individuals and businesses. It boasts a staggering 4.43 million users (approximately 90% of all Danes over 14 years old). Over 170,000 registered stores and webshops have embraced this transformative platform, similar to the number of POS terminals. Join us as Jens Peter Hedegaard, Vice President at Trifork, takes you behind the scenes of MobilePay's development and shares what this remarkable solution means to him. #Fintech #DigitalPayments #Technology #Innovation #OmanVision2040

Kroo Bank clarifies transaction data with Snowdrop Solutions geolocation tech. Snowdrop Solutions, a leading provider of advanced transaction data enrichment solutions, announced a partnership with Kroo, a prominent award-winning digital bank renowned for its innovative approach to financial services. This strategic collaboration brings enhanced user experience to the forefront of Kroo's mobile banking app. Leveraging Snowdrop's industry-leading transaction enrichment API, also known as the MRS API, Kroo will be able to provide customers with even more advanced levels of accuracy, transparency and comprehensive transaction details. Users can now easily see where they spend their money thanks to transaction location powered by Google Maps. By visualising their transactions on a map, users can quickly verify the authenticity of purchases and identify any suspicious activity, which fosters a sense of security and empowers them to take proactive control of their finances. Source: https://lnkd.in/eVRfKVfW #banking #bankingindustry #bankingtechnology #bankingtech #fintech #financialtechnology #financialservices

🚀 Discover the fascinating world of contactless payments in our newest blog post! From its seamless functionality to the numerous advantages it offers businesses and consumers, this article dives deep into how contactless payments transform how we transact daily. 💳 Whether you're a merchant looking to enhance customer experience or simply curious about the tech behind your tap-and-go transactions, this blog post is packed with insights you won't want to miss. 👉 Link to the blog post [3 min. read] in the comment! 👉 Don't forget also to check out earlier Market Pay's blog articles for more in-depth content on the future of payments. #Fintech #Contactless #Innovation #Payments

I'm back from Mobey Forum and trying to organize my thoughts. I had an inspiring chat with Magdalena Kubisa from BLIK. I'm impressed by its growth and innovative approach. BLIK launched in 2015; by 2018, it had processed a whopping 100 million transactions. It's not stopping there - new markets are on the horizon for 2024-2025. BLIK seamlessly integrates into mobile banking apps. Over 50% of mobile banking transactions in Poland happen through BLIK, boosting mobile banking usage significantly. I was particularly impressed with their strategy to support banks' relationships with their customers rather than compete for them. This intelligent approach ensures that banks remain the primary point of contact. It's not just a payment method; it's a complete payment scheme and legal framework. They've introduced NFC transactions, making contactless payments possible worldwide. E-commerce is the biggest category, but P2P payments are growing fastest. BLIK's NPS score 61 matches Apple Pay, far exceeding the benchmark for payment systems and banks, which usually ranges between 21 and 34. BLIK's expansion plans include Slovakia, Romania, and eventually the Euro area. Navigating the legal landscape across different countries is challenging, but their growth potential is immense. Wishing Magdalena and the entire BLIK team continued success and expansion! #BLIK #MobeyForum #Fintech #Innovation #Payments #MobileBanking

bunq is the first bank in Europe to leverage #AI in open banking with Mastercard. The #neobank now offers its 12.5 million users a complete #financial overview by integrating accounts from various #banks into one app. Using Mastercard's Open Banking #platform, users can link accounts from different banks to the bunq app, providing a seamless view of their #finances. The AI assistant Finn enhances these insights by analyzing transaction data from multiple banks. For example, users can ask Finn for a summary of their travel expenses over the past year, and it will compile this information from both #bunq and external #bank accounts. This makes budgeting and financial planning much easier and more efficient. The #partnership with #Mastercard significantly improves the user experience, with 40% of surveyed users reporting increased app usage. The #collaboration was announced at Money20/20 20/20 in Amsterdam. #openbanking #digitalbanking #payments #money2020 https://lnkd.in/dDTPgNFT

As a tech enthusiast, I love to explore a wide array of products and engage in Free trials everywhere, but then, that one unexpected SMS comes along with the yearly sub 🫠 Relatable? One of the most promising solutions within the realm of open banking is "Account Aggregation". While it's common to see personal finance management (PFM) apps categorize spending on groceries or travel, consider the potential of aggregating subscriptions in the same way. This is where TrueLayer introduced VRP (Variable Recurring Payments) which basically allows you to setup a regular payment and be notified based on the due date. The key benefits are twofold: For businesses: VRP offers a significant boost in conversion rates by ensuring that customers stay on top of their payments, reducing the risk of service disruption. For consumers: It gives users comprehensive control over their subscriptions, helping them avoid unexpected charges and manage their recurring payments effortlessly. Sounds too good to be true? Yes. The success of such innovations in open banking relies heavily on customer consent. Open banking requires users to trust and agree to share their financial data with trusted entities, which will ultimately shape the future of seamless financial services. What challenges do you encounter when managing multiple subscriptions or trial services? I’d love to hear your thoughts. #OpenBankingBytes

#FintechAlert: bunq has partnered with Mastercard to deliver its 12.5 million users across Europe a complete overview of their finances. ✨ 📊🔗 By integrating Mastercard’s Open Banking platform into the bunq app, users can now manage multiple bank accounts within a single platform. As a result, bunq becomes the first bank in Europe to leverage AI in open banking. 🔍 Key Features include: ➡️ Spending insights from all bank accounts ➡️ Enhanced budgeting tools ➡️ AI-driven money assistant ➡️ Detailed transaction analysis Open banking features for bunq users are now available in the Netherlands, France, and Germany and will continue to expand across Europe. 🤔 Thinking of leveraging AI into your open banking services? Let us know in the comments below. 👇 #FintechAlert #bunq #Mastercard #OpenBanking #AI #FinancialManagement #Innovation #Vacuumlabs Source: https://lnkd.in/eMXfFsdT

The vision is simple; to empower every Nigerian and create a digital banking solution built on innovation, accessibility, and excellence. Our intention is to leave behind the old and slow and create a customer-centric platform that will revolutionize how people bank. With Motopay you can SCAN2pay for fast and seamless transactions, chat and connect with family and friends for free, and access a thriving marketplace where you can BUY/SELL, save, and earn—all at unbelievable prices. Follow Motopay to join our waiting list and be part of this transformation today. The Original IDAN is Coming. #fintech #comingSoon #motopay #POS #innovation #digitalbanking #transactions #paymentsolutions #banking #sujimoto #luxuryliving #luxury #ecommerce