Contis Group, which provides online banking and prepaid card technologies and services to global banking and retail brands, has acquired card issuer GTP Financial Services for an undisclosed sum.
The purchase of GTP Financial Services – with a full e-money licence, passported through all 28 EU Member States – boosts the group’s standing to one of a handful of end-to-end service providers in the prepaid card industry.
With a portfolio also comprising Contis Card Solutions, Contis Collections, Contis Technologies India and GTP Solutions, Contis general manager and director, Mike Fromant says the group will further develop its strengths and capabilities as a full supplier of Visa prepaid card solutions across the UK and EU.
Fromant said: “This milestone positions us as a major player in what is becoming a complex and often poorly serviced sector. We see great opportunities in developing innovative prepaid solutions which can be linked to our internet banking solutions, as well as to our advanced payment platforms.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more