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Top related persons:
Slack - 1 PSD2 - 1 IVP - 1 Hopin - 1 Tom Greenwood - 1 Jordan Lawrence - 1
Top related locs:
British Silicon Valley London Europe Volt's Brazil
Top related orgs:
EQT Ventures - 1 Fuel Ventures - 1 Open Finance Association - 1 Open Banking - 1 IFX - 1

Search resuls for: "Tom Greenwood"


3 mentions found


☆ British payments fintech Volt in talks to raise fresh funds from Coinbase-backer IVP, sources say
  + stars: | 2023-06-13 | by ( Callum Burroughs | ) www.businessinsider.com   time to read: +2 min
London-based fintech startup Volt is set to raise fresh funds, sources say. The company, founded in 2019, is in talks with VC firm IVP over a deal worth around $50 million. British fintech startup Volt is in talks to raise fresh capital from Silicon Valley investing firm IVP, sources say. The payments firm, founded in 2019, has already raised around $28 million to date and counts Swedish investor EQT Ventures among its biggest backers. Volt is set to raise around $50 million as part of the deal, two London-based sources said.
Persons: Slack, PSD2, IVP, Hopin, Tom Greenwood, Jordan Lawrence Organizations: EQT Ventures, Fuel Ventures, Open Finance Association, Open Banking, IFX Locations: British, Silicon Valley, London, Europe, Volt's, Brazil
☆ Bank instant payment shift to help business and consumers, says EU
  + stars: | 2022-10-26 | by ( Huw Jones | ) www.reuters.com   time to read: +3 min
European Commissioner Mairead McGuinness proposed a draft EU law that will require banks across the 27-country union to offer and receive "instant payment" (IP) services for a fee that is the same or lower than they charge for traditional credit transfers. Currently, some banks charge far more for an IP transfer, up to 30 euros ($30) in some cases, compared with traditional transfers. "We want to extend euro instant payments internationally at a later stage," European Commission executive vice president Valdis Dombrovskis told reporters. "By mandating instant payments, the biggest blockers to open banking payments becoming mainstream are instantly solved," said Tom Greenwood, CEO of instant payments gateway Volt. Currently, non-bank payment firms are excluded as they don't have direct access to payment systems, but Brussels plans to revise its rules to allow them to compete alongside banks in IP payments, an EU source said.
☆ 'Seismic shift' in bank payments to help business and consumers, says EU
  + stars: | 2022-10-26 | by ( Huw Jones | ) www.reuters.com   time to read: +3 min
LONDON, Oct 26 (Reuters) - Forcing banks across the European Union to offer instant payments in euros is a "seismic" shift to make the economy more efficient and reap savings for businesses and customers, the bloc's financial services chief said on Wednesday. "By mandating instant payments, the biggest blockers to open banking payments becoming mainstream are instantly solved," said Tom Greenwood, CEO of instant payments gateway Volt. IP allows people to receive and make instant payments 24/7, critical if payday falls on a weekend, and for businesses to manage their cash flows by receiving funds instantly after a sale. Banks will have to screen daily their IP customers against the most updated EU sanctions list, which has expanded since Russia's invasion of Ukraine. Currently, non-bank payment firms are excluded as they don't have direct access to payment systems, but Brussels plans to revise its rules to allow them to compete alongside banks in IP payments, an EU source said.
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