Fintech, Finance, Technology, Banking Highlights – 11 January 2018
Ingenico partners with NAVYA for first robo-taxi
Ingenico Group, the world leader in seamless payment has partnered with NAVYA, the pioneer and specialist in the autonomous vehicle market, to integrate a connected screen enabling payments for a range of services on board the Autonom Cab, the first robo-taxi on the market.
The first demonstrator of this connected screen has been presented during the unveiling of Autonom Cab in Paris in November 2017.
As two key trends combine – the adoption of self-driving cars and the rise of the sharing economy – bringing in-car payment seemed a natural focus for Ingenico Labs, the innovation unit of Ingenico Group, already active in IoT payment. Its patented connected screens indeed support contactless payments since 2015. NAVYA chose to integrate an Ingenico 15’’ screen equipped with an NFC reader in its self-driving cab, to offer a variety of services including ride sharing, location-based content, click and collect or coupons. The definite plus for end-users is the convenience of a fluid and smart mobility service.
As a developer and designer of fully autonomous electric vehicles, NAVYA is dedicated to reinventing urban mobility. The company can monetize its vehicles using Ingenico’s embedded screen without a specific expertise in managing payment cards, wallets or multi-currency transactions. NAVYA can rely on Ingenico and its frictionless payment solution – comprised of hardware, a screen interface and a management platform for the smart distribution of services and content.
RegTek.Solutions launches data quality assurance tool for SFTR
RegTek.Solutions, today announced the launch of Validate.Trade for SFTR, the only independent data quality assurance solution for ESMA’s Securities Financing Transaction Regulation (SFTR).
Using the platform’s rich application, flexible API or simply Excel spreadsheets, clients can start testing the quality and integrity of their SFTR data, across all products and data fields. Validate.Trade for SFTR is live, helping operations and technology teams throughout their journey from analysis and testing to a production-ready SFTR compliance solution.
The European regulation, which aims to increase transparency across Securities Financing Transactions (SFTs), requires market participants to report all SFTs to an approved Trade Repository (TR). With over 150 data fields included, much of this data new to trading desks and operations teams, it is crucial for firms impacted by SFTR to improve and gain control over the quality of their data ahead of the implementation date, currently scheduled for early 2019.
Built on RegTek.Solutions’ proven reporting quality engine, Validate.Trade for SFTR is the world’s only independent, portable validation engine to support firms with data quality ahead of SFTR’s implementation. The rules are tracked and maintained in accordance with the conventions, expectations and best practices of regulators, repositories, and the securities financing market. Over 700 rules specific to SFTR, as prescribed within the ESMA Regulatory Technical Standards (RTS), have already been built and tested on the platform, and are available for clients to test their data against today.
Worldpay and COMO team up for merchant payments
Worldpay, a in global payments and COMO Global S.A, an intelligent payments solution provider, have announced a new strategic partnership.
Worldpay provides an extensive range of technology-led payment products and services to around 400,000 customers globally, enabling their businesses to grow and prosper, whilst COMO’s intelligent payment solution assists with their goal to help merchants manage the increasing challenges of the payments landscape.
This strategic partnership further strengthens Worldpay’s proposition to provide their customers with automated reconciliation, invoicing and payment fulfilment. COMO also enables automated dynamic payment routing and payment splitting, useful for the pay-out of supply chain and cross-channel transactions. For merchants, this makes payments and managing cash flow simpler, cheaper and more convenient. It is particularly valuable for travel merchants such as travel management companies and travel marketplaces where transactions involve many suppliers and providers.
COMO will benefit from Worldpay’s scale, technology and experience and Worldpay will also support COMO’s system with further advanced decision-making. “We’re delighted to be working with Worldpay” said Vaughan Owen, CEO at COMO. “We believe that technology should simplify payments and we exist to remove the complexity being experienced by today’s digital merchants. We need the best partners to do this. We’re looking forward to a mutually reinforcing partnership with Worldpay where we can provide merchants with a simpler, faster, and more cost-effective payment process.
