Standard Bank: Collaborates with Transaction Capital to drive smarter payments

Standard Bank: Collaborates with Transaction Capital to drive smarter payments

  • Standard Bank is a licensed financial services provider in terms of the Financial Advisory and Intermediary Services Act
  • Collaborated with Transaction Capital to develop an intelligent data solution that empowers businesses with a deeper understanding of consumers’ payment
  • Coined AUTHENTIFI, the value proposition is designed to assist businesses enhance risk management, optimise cost
  • Currently, businesses source different data elements from a combination of their own sources
  • At present, there is no existing offering in the market that enables companies to access this information from a single source
  • Collaboration with Transaction Capital, a market leader in data collection, with a proven ability to manage and leverage big data
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Klarna Smashes One Million Merchants Milestone, Expanding Global Reach

Klarna achieves significant growth with over one million merchants now using its services. Highlights: Klarna surpasses one million active...

PRA Proposes New Standards to Protect Firms from Bank Runs

New measures aim to enhance financial stability amid economic uncertainties. Highlights: PRA introduces new standards to prevent bank runs.The...

TSB Warns Over Surge in Friendship Fraud Cases

Bank highlights the risks of new friendship-based scams targeting customers. Highlights: TSB reports a rise in friendship fraud targeting...

Cleafy Strengthens Bank Fraud Protection with $12 Million Funding

The fintech firm aims to enhance its security solutions for digital banking. Highlights: Cleafy raises $12 million to enhance...