fintech uk market
UK Fintech MarketBig Data, Method of payment, Startups and
actors of Card Process
Method of payments
United kingdom and Ireland are investing billion in Fintech startups in order to boost best projects and help them with campus and fundraising.
They are creating thousand of different technology that mix idea and cutting-edge technologies focus on..
-bespoke service for client and -optimize payment process-Customer retention using bespoke ads-banking service-easy way to pay on internet avoiding bank’s charges
BANK’S APP FOREIGN TRANFERT
RETAILER’S APP/BIG DATA
Monitise Worldremit Yoyo Bitcoin US
Judo Transferwise us Droplet Bit Rserve
Trustly Transfergo Ringpay Gyft UK
Zapp us Gocardless Snapcard
Payleven Flypay Coin US
TRUSTLY - is an online PSP offering B2C and C2C payments. Its payment methods were created for mobile devices and offer cross-border payment functionality which makes the platform well suited for international eCommerce on mobile and tablet devices. The company covers 57 banks, serving over 67m customers.
TRANSFERWISE - lets expats, foreign students and business move money globally. During the last 12 months the company has introduced new mobile platforms, including iOS 8and Android. The business also rebranded, redesigned their payment flow and launched their first international TV campaign. The company has been valued at close to $1bn.
GOCARDLESS – is a UK based service that allows smaller merchants to easily set up interbank transfers for customers. The company makes collecting by Direct Debit easy for everyone, from one –man bands to multi-nationals throughout Europe. Clients include, Crowcube, Fundng Circle and The Guardian.
YOYO-is a mix between new process of payment and use all the purchases to have data and make marketing action or review your product. Retailer will use it to make statistic with others data or contact the customers for new promotion and also collect points increasing customer fidelity. Paying through bar code or show 16 digits number. They are testing this new way to purchase in few UK university.
UK ACTORSISSUER ACQUIRER PROCESSOR
Citibank Bank of America Discover
Chase Vantiv Mastercard
Wells Fargo First Data Interac
Bank of america Citi Union Pay
Barclays Fis Mastercadrd
Capital One Tsys American Express
Pnc Elavon Visa
Hsbc Wells Fargo
American Express Barclays
Better know everybodyGateways Networks ISOs/MSPs
Stripe Discover The transaction Group
Wepay Interac PowerPay
Beanstream American Express Flagship
Paypal Visa American
Worldpay Mastercard Paywire
Optimal UnionPay Merchant One
Bluepay Jcb Commerce
Sagepay North America
Braintree National Bankcard
Digital River Versapay
Bank of Scotland
M&S Credit Card
Post Office Mastercard
The partnership card from Johns Lewis and
Virgin Credit Card
Big Data in action..
The main reasons to use Big Data:
• Fraud Detection
• Customer Experience
• Risk Management
• Investment Decisions
• Operational Investment
What are the challenges for Big Data
• Laying the right foundations for data
• Finding people with the appropriate level of business nous data analysis skills
• Dealing with legacy system
• Turning data into something you can act on
• Overcoming technical infrastructure challenges