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The National Retail Association and Klarna partner to provide value & insight to retailers

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The National Retail Association (NRA) and Klarna have announced a strategic partnership which will see the peak industry body and the global shopping and payments leader help secure a better future for the country’s struggling retail sector.

By joining forces, the pair aim to provide research, data, strategic insight and enduring value to NRA members to assist them successfully navigate this period of substantial change and challenge.

With consumer behaviour and preferences changing rapidly, it has never been more important for retailers to stay connected and up to date with latest trends and industry research.

Not only have Australian retailers had to respond to the unprecedented disruption and economic impacts of the COVID-19 pandemic, they have also seen online sales double over the past five years, compared to omni-channel total sales, so the partnership will help educate and guide local brands on the best ways to attract a new generation of digital-led consumers.

Klarna is the world’s largest provider of interest-free instalment shopping options, having connected 85 million shoppers to the biggest brands around the globe for over 15 years. In Australia it has partnered with Commonwealth Bank of Australia to deliver its products and services to retailers. The NRA is pleased to build on its existing relationship with the Commonwealth Bank of Australia and new partnership with Klarna to provide value to members.

The first report being made available to members is titled Revive and thrive: How Australian retailers can get ahead now. The white paper features insights out of the recent Retail HackGames to help reset expectations after COVID-19.

NRA CEO Dominique Lamb said, “As technology continues to advance, customer expectations adapt alongside them. Customers expect convenience and offering various payment options is one way to assure frictionless transactions. Given the growth of the Buy Now, Pay Later platforms in recent years, it only makes sense for the National Retail Association to form this strategic partnership. Klarna is ideally positioned to provide valuable insights to our members. Their global footprint gives access to a wealth of data and valuable insight.

Klarna ANZ Country Head Fran Ereira said, “It’s important that Australian retailers have a strong voice and we are proud to stand behind the National Retail Association and its 28,000 shopfronts. Klarna is in Australia to deliver choice, insight and value to Australian retail businesses. We are dedicated to supporting this important sector and the contribution it makes to our economy in a time of great change.”

The partnership builds on recent momentum for Klarna, which has recently surpassed 270,000 app downloads and has unveiled partnerships with major retailers including kogan.com, ASOS, JD Sports, Appliances Online and signed over 200 great Australian businesses.

Source: https://australianfintech.com.au/the-national-retail-association-and-klarna-partner-to-provide-value-insight-to-retailers/

Big Data

Accendo Banco chooses global fintech infrastructure platform Nium to provide international money transfer capability

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Accendo Banco chooses global fintech infrastructure platform Nium to provide international money transfer capability

Accendo Banco (“Accendo”), Mexico’s leading ‘digital-first’ challenger bank focused on providing innovative digital banking solutions, today announced that it has expanded its capabilities in international payments and remittances, through partnership with Global fintech infrastructure platform Nium.

The partnership further expands Accendo’s overseas money transfer capabilities, allowing its customers to send money to more markets overseas and in real-time[2].  The move supports Nium’s continued plans to utilise fintech tools to improve business efficiency and customer experience in LatAm, and follows several partnership announcements by Nium in Brazil, Costa Rica and El Salvador.

Accendo’s customers will be able to send, through an app, funds overseas to major corridors in Europe and Asia easily, and at a lower FX rate than other banks.  “International transactions services from Mexico were slow and expensive.  The partnership with Nium, together with our unique digital platform, makes us the first bank in Mexico to offer this type of operations to users easily and in real time,” said Javier Reyes de la Campa, CEO and President of the Board of Accendo Banco.

“This partnership also reinforces our positioning as the leading digital-first challenger bank in Mexico, where we are the first bank to offer BaaS (Banking-as-a-service) through our cloud-based open-banking platform to allow Fintechs to offer financial services to all the population, and especially the unbanked”, Javier concluded.

“We are thrilled to be the trusted provider for international money transfer services for Accendo Banco and its customers. In today’s competitive payments environment, cutting-edge technology improves customer experience and sets providers apart,” said Rohit Bammi, Global Head of Institutional Business, Nium.

 “Nium’s mission is to create a global fintech infrastructure that can enable banks, financial institutions and other fintech companies to launch and scale innovative digital financial services without the complexity, time and cost previously required to do so.  This partnership with Accendo Banco is a testament to that effort,” Rohit continued.

Source: https://www.fintechnews.org/accendo-banco-chooses-global-fintech-infrastructure-platform-nium-to-provide-international-money-transfer-capability/

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How cloud computing can empower e-commerce

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How cloud computing can empower e-commerce

Instead of keeping your data in one single machine, cloud hosting, in particular, involves storing your data in several different devices whereby each machine has different server and are in different locations, but all are connected and work as one.

In this article, I will be giving an overview of the benefits of cloud hosting. The data can be accessed and managed in all the servers across the cloud using virtual machines.

The hosting server isn’t a single physical device but only occurs in a virtual environment made up of a server cluster, therefore the name cloud.

Besides the fact that cloud hosting makes use of the computing power of any amount of machines means that you not only have the vast potential compared to traditional hosting but also it permits you to access other services that are provided by other devices.

E-commerce hosting, on the other hand, is simply a service that allows you to host a website with a pre-installed online store platform to ease the creation of your very own online store.

Consequently, an e-commerce website tends to be different from other websites. The site needs some additional functionalities and features to develop a maintainable set-up for making sales.

The additional features involve adding a shopping cart, payment processing services, database support, and security initiative. E-commerce hosting is simply cloud hosting that can support all requirements, like paying processing service and other specialized.

Cloud e-commerce solutions

Cloud e-commerce means the process where the centralized remote computer is hosted on the internet fully utilizes the exertion service and storing information process.

It gives a range of advantages over the traditional method of on-premise storage.

The best cloud solution should offer fast, more reliable, and dedicated solutions and services for both ease of use and power. You should opt for no less than 99.9% server uptime.

Another reason why I would recommend this service provider is that they allow for growth. You can start small and advance with them as you grow your business, which is also a great advantage for small scale businesses.

Within the last decade, the cloud has gained popularity because it’s cheap to maintain and reduced complexity. To this day, the cloud has become an optimal solution model on the arcade.

Scalability and demand

A workload forms in the e-commerce hosting because of the traffic variabilities with its seasonal spikes. The hardware that is required should be able to handle the seasonal traffic peaks (Black Friday, Holiday Sales, etc.)

Business growth is the other side of scalability. It includes increasing the popularity of your store by integrating new services and further store evolution that enhances the business’s growth.

The e-commerce solution should be a flexible platform and a scalable environment that offers quick responses to business encounters and prospects.

When using cloud hosting there is no need to buy extra equipment and hiring new staff for maintenance services. With cloud hosting, your business can acquire all the required ceremonies and resources on demand.

Reliable protection

The advantage of pro protection is that it saves your time on assessing your risks and data defense, and this gives you ample time to focus on your business. Hosting your business on the cloud, the cloud vendors are the ones who take all the risks.

As a business owner, you don’t have to be troubled by your network security and protection, personal and customer files safety, or data encryption. The cloud hosting providers usually finish third-party certification, and security is their priority.

Apart from accessing your website with regular backup, you should ensure that your e-commerce store is readily available, and there is no data loss in case there is an emergency.

Cost-effective

The cloud is a perfect suit for e-commerce because you only pay for the resource when you only need them.

With cloud solutions, a company can reduce its overall expenditure by up to 70% on building static environments, scaled for traffic peaks. For instance, the hardware used for several days in a year for the cloud you pay when you use a resource.

Accessible from any place

If your business operates internationally, then a cloud solution provides a vivid advantage taking into account the speed required to control and e-commerce application.

With cloud e-commerce, you have an isolated network of servers that quickly respond to your desired demands to take content fast without considering the customer’s location.

Infrastructure as a service (IaaS)

It is a type of cloud service that mainly focuses on issuing virtual servers and on-demand data storage on disk. Customers can purchase the remote datacenter infrastructure service, which is better than buying their hardware.

Benefits of cloud computing for e-commerce

There are several fabulous benefits you get to enjoy using cloud hosting which includes:

Stability

Traffic spikes happen when you have a product launch or a discount day on your e-commerce site. Still, online businesses get to enjoy a healthy balance by cloud hosting. It prepares for the congestion spikes by hosting the set-up in high-tech cores for the concord of awareness.

Speed

If your business uses cloud platforms, you could be enjoying one of the advantages of speed that no on-site infrastructure could provide. A well reliable e-commerce site would insinuate and rising curve in your selling graph.

Savings

For those who want to build an online presence and reputation, cloud hosting provides a considerable saving for a business basing on the fact that you only have to pay for what you pay. The profits in conservation can go into expanding other parts of the company.

Security

Trust is very fundamental in the e-commerce world. The customers trust that the product you have described is correct, and it is the same that will be delivered. They also provide confidential payment details. The customers believe that their credentials are secure.

With cloud computing, you get PCI-DSS certified hosting. Besides, cloud computing can assure superior security measures that protect the DDoS attack, leading to customers losing confidence if the website is reliable.

Conclusion

Cloud hosting is a powerful solution that is especially useful for e-commerce and online store maintenance. You get power, stability, and improved security – which is all essential for improving conversions. I hope this article helps you make an informed choice for your business. Good luck.

Source: https://www.fintechnews.org/how-cloud-computing-can-empower-e-commerce/

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Konsentus launches international Open Banking Hub

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Konsentus launches international Open Banking Hub

Konsentus today announced it has launched an international  infrastructure platform with the ability to accelerate a country’s implementation of open banking. 

The Konsentus Open Banking Hub (OB Hub), a SaaS based solution, runs in a national  cloud infrastructure, has end to end functionality and helps create, support and secure vibrant open banking economies across the globe.  

The OB Hub removes the complexity involved in setting up a central and secure open  banking ecosystem within a country, enabling regulated entities to quickly and easily share  data and execute payment transactions with each other. The OB Hub has three core  components. 

  1. i) Participant on-boarding and registration services 

Through Identity and Verification services, authorised participants (both organisations and  individuals) can register and on-board within the open banking ecosystem enabling them to  share data and execute payment transactions with other regulated entities in a secure and  safe environment.  

  1. ii) Directory Services 

A central directory service that participants can access in real time, online, 24/7 to verify the  identity and regulatory status of individual entities when transaction requests are made. The  OB Hub is a central repository of the latest available regulatory information on all registered  and regulated entities. This includes performance and availability data, contact details, data  updates and revocation information and history for all participants

  

iii) Certificate Authority  

The OB Hub issues and manages the digital credentials of all participants in the open  banking ecosystem. This enables participants to positively identify themselves to other  regulated entities in order to perform open banking transactions such as sharing data and  executing payment transactions. 

The OB Hub provides a rich data management system enabling national authorities to  monitor the adoption and success of open banking in their country. An immutable audit log  is a record of all transaction requests, providing valuable information for dispute  management processing. Quick and easy to set up, OB Hub provides a trusted central  system, enabling all regulated entities to interact with each other in a safe and secure  environment.  

Additional elements of the OB Hub enable publication of National API standards, a third party provider (TPP) testing sandbox, a central API and App marketplace, and an API  monitoring service to show real time national API performance. 

All the above comes with a secure messaging platform for participant to participant  messaging reporting and a dedicated helpdesk for support services.  

In addition to the onboarding, directory and certificate checking services, the complete Konsentus OB Hub solution delivers a programme management forum to educate market  participants, alongside testing and support services to enable a fully functioning national  open banking environment. 

Mike Woods, CEO, Konsentus, commented “The creation of a central open banking  platform enables us to help individual countries realise their open banking ambitions without  having to understand, build and execute their own systems. We already deliver first-class  technology that’s scalable, resilient and built for maximum availability. Data consolidation,  standardisation and formatting in a secure real-time, online environment are why we are  global leaders in our field and the trusted partner for safe and secure open banking  economies.” 

Source: https://www.fintechnews.org/konsentus-launches-international-open-banking-hub/

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inAtlas en el Top Ten de las principales empresas en Location Intelligence

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inAtlas en el Top Ten de las principales empresas en Location Intelligence
  • La revista IndustryWired sitúa a inAtlas entre las diez principales empresas de Inteligencia de Localización con herramientas efectivas para el éxito empresarial

–   inAtlas ha desarrollado Geomarketing, una aplicación eficaz y útil basada en la Location Inteligente que detecta las zonas de mayor rentabilidad y optimiza las acciones de captaciones de nuevos clientes y retenerlos

La Location Intelligence o Inteligencia de Localización se ha convertido en una tecnologia ágil y eficiente que recopila, analiza datos geoespaciales con aplicación práctica en los diferentes sectores económicos y permite lograr el éxito de las empresas.

La revista IndustryWired, conocida por su gran impacto en el sector tecnológico, en su reciente artículo Top 10 Location Intelligence Companies Redefining usiness Success, sitúa a inAtlas, empresa especializada en Location Analytics que ofrece soluciones estratégicas de negocios basadas en la ubicación, en el ranking de las diez mejores empresas de Inteligencia de Localización que utilizan esta metodología para optimizar los éxitos ante los desafíos empresariales al detectar tendencias, adelantarse a sus competidores y tomar decisiones más inteligentes.

 La publicación realiza un análisis acerca de la efectividad de utilizar herramientas de Location Intelligence para conseguir éxito en el desarrollo de estrategias empresariales y toma de decisiones eficaces mediante la integración de datos de ubicación generados a partir de diferentes fuentes como comportamientos del consumidor, factores ambientales, IoT o sistemas GPS entre otros. La aplicación de Geoanalitica online de inAtlas, apunta la revista, ayuda a los clientes a realizar planes de negocios, diseñar campañas de marketing, encontrar nuevos clientes, implementar estrategias de geo-marketing o encontrar lugares ideales para nuevos puntos de venta y franquicias.

Además, recoge los diferentes servicios de la compañía, sus soluciones comerciales sectoriales, servicios de geolocalización, generación de leads, geomarketing, monitoreo de la competencia, análisis predictivo y prescriptivo, mapas de expansión y los modelos de propensión a compra.

 inAtlas, ha desarrollado Geomarketing, una herramienta que relaciona contextos geográficos con datos de los mercados empresariales y sociodemográficos para negocios B2B y B2C. Esta aplicación se fundamenta en la Inteligencia de Localización y ofrece un amplio abanico de soluciones y utilidades, para bancos, empresas de seguros, inmobiliarias, retails, empresas de sector telecom y energía,cadenas de franquicias, redes de negocios, aportando valor añadido, para simplificar el proceso de toma de decisiones de negocios.

Geomarketing, permite sincronizar de forma continua la información interna del negocio, gestionadas por CRM, Softwares de Business Intelligence y ERP con información actualizadas de los mercados de empresas y hogares, oferta inmobiliaria, catastro y bases de datos sectoriales en la totalidad del territorio de España y Portugal.

Gracias a la Inteligencia de LocalizacióninAtlas, detecta cuáles son las zonas de mayor rentabilidad, hecho que permite optimizar las acciones de captaciones de nuevos clientes y retenerlos. “Conocer la monitorización del comportamiento de los clientes, competidores y proveedores de un área elegida, junto con la localización y el comportamiento de una empresa en el mapa aumenta la competitividad de las empresas al ser capaces de actuar con diligencia, anticiparse y encontrar oportunidades de negocio”, asevera Silvia Banchini.

Source: https://www.fintechnews.org/inatlas-en-el-top-ten-de-las-principales-empresas-en-location-intelligence/

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