Article: Swiss Green Fintech Network Launches the First Action Plan

Innovation, Open Space

Swiss Green Fintech Network Launches the First Action Plan

F10 collaborates with a diverse group of stakeholders from academia, tech and venture capital in the Green Fintech Action Plan. This plan aims to support the Swiss government and the financial services industry in better understanding how a global leadership position in Sustainable Finance can be achieved by leveraging Green Fintech solutions.

F10 joined the Green Fintech Network initiated by State Secretary for International Finance (SIF) in November 2020, and since then has collaborated in drafting a broad set of recommendations to improve framework conditions for Green Fintech in Switzerland, suggesting concrete actions and supporting their implementation.

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Article: New Report: Open Banking Is More Than Ready For Its Full US Debut

Money, Open Governance

New Report: Open Banking Is More Than Ready For Its Full US Debut

Open banking is a reality in the United Kingdom, and coming soon to American shores in its digital-first dazzle, in no small part built on foundational work done in markets like the U.K.

“Open banking usage in the U.K. doubled in 2020, and open banking technology powered 6 billion calls through FinTech APIs and more than 4 million consumer transactions, according to the Open Banking Implementation Entity (OBIE), the body overseeing open banking in the country,” according to PYMNTS March 2021 Open Banking Report, a TrueLayer collaboration.

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Article: Viva Wallet teams up with open source e-commerce platform PrestaShop

Money, Open Governance, Open Source

Viva Wallet teams up with open source e-commerce platform PrestaShop

FinTech Viva Wallet has reportedly teamed up with open source e-commerce platform PrestaShop for allowing online merchants across Europe and the UK to accept fully localized payments through the FinTech’s new module.  The company stated that the module will offer payments that adapt automatically to the client’s use.

Merchants can expect a higher conversion rate while end customers of online shops will be offered a fully localized experience based on their location (language and type of local types of payments) and their preferences (eg. Device, previous way of payments).

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Article: How Open Banking Guides LATAM’s Spend Management FinTech

Innovation, Money, Open Governance, Open Space

How Open Banking Guides LATAM’s Spend Management FinTech

Latin America is a quiet champion in FinTech innovation. While the region may not be top of mind when it comes to world leaders in financial technology, startups from Mexico to Chile are driving payments digitization, financial management automation and the emergence of new paradigms in the market, like open banking.

Investors are paying attention, too. While analysts assess 2020’s performance, the Latin America Private Equity and Venture Capital Association (LAVCA) said funding for the region’s FinTech startups more than doubled between 2018 and 2019, reaching $4.6 billion, with evidence that 2020 figures may emerge similarly as strong.

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