Jess Turner’s Post

🚨 #FintechAlert - This week, Mastercard unveiled their open banking-powered subscription management tool: Smart Subscriptions. ✨ What does it do? ☑️Unified Hub: Connects all your subscriptions in one place for easy management. ☑️Full Control: Offers capabilities to track, cancel, pause, and resume subscriptions. ☑️Financial Insight: Provides spend analysis, categorization, and personalized offers. With 73% of consumers expressing interest in a subscription management tool and 60% trusting their bank to offer that service, Mastercard responds with a solution that not only simplifies subscription management but also fosters bank loyalty, increases engagement. 💬 Do you feel inspired by this latest news? Follow to stay informed and share your ideas and thoughts in the comments below.👇 #FintechInnovation #Mastercard #OpenBanking #SmartSubscriptions #PersonalFinance #BankingTech

Some great examples of #FinServ companies making #futureready decisions to build better customer experiences. As ever Howard Yu and his team have some really interesting insights to share. I am happy to see HSBC right up there in 6th spot! #innovation #banking Highly recommended to give this a read. 👇

Visa (-1.7%) and Mastercard (+0.9%) stocks moved in opposite directions 1 day after their respective earnings releases. Both companies highlighted healthy growth in consumer spending and cross-border volumes, but also margin pressure as client incentives continue to outpace net revenue on a dollar basis. What I found particularly interesting were the recent customer wins announced by management, with Mastercard skewing toward bank clients (e.g., Citi, Citizens, J.P. Morgan, UBS, etc.) and Visa skewing more toward fintech clients (e.g., Chime, Nium, Remitly, etc.). Read more of our insights in our most recent infographic: https://lnkd.in/eZYpRvEV #strategy #cardpayments #crossborderpayments #fintech #banking

The New Era of Banking Tech: Legacy Meets Innovation As we navigate the dynamic world of banking technology, it's fascinating to see the evolution from legacy systems to cutting-edge innovations. Giants like FIS and Fiserv have been trailblazers, adapting over decades to remain at the forefront of the industry. Enter the new age players like Pismo. Their acquisition by Visa for $1 billion (with $3.3m revenues in 2021) - a figure that truly wows - in August 2023, is a powerful statement. It reflects not just the value of digital financial tools in managing traditional financial services but also the growth potential of fintech. The median revenue multiple for private fintech companies was between 3.3x to 7.1x in Q4 2023, down by about 35% from 2021, yet Pismo's >30x multiple stands out as a testament to the unique value proposition and technological prowess that digital banking tech can bring. Visa's move signals a keen interest in the digital finance sector and sets a benchmark for companies in the same space. It's about bridging the gap between legacy institutions and new tech-driven solutions. #fintech #bankinginnovation #venturecapital

📅 In March this year, we announced a new branding, Mastercard Move, for all our money movement capabilities. 🚀 Over the years, Mastercard has built a number of product assets that help financial institutions provide money transfer services to their customers. These customers could be individuals sending money back home, digital platforms disbursing earnings to individuals/businesses or SMEs procuring goods/services across border. We continue to do this with greater security, speed, transparency and choice 🥣 While we double down on building new features within these product assets, it was important to consolidate 👌 Messaging 👌 Onboarding journey 👌 Value proposition 👌 Experience And hence Mastercard Move 😀 https://lnkd.in/dT_jbP8f

💭 What does the course from innovation to operational excellence in the ever-evolving world of finance look like? Our Head of Propositions and Partnerships, Jonathan Vaux recently took the stage at the prestigious Mastercard Engage Event. In an insightful address, he shed light on the dynamic landscape of the payments industry. "Over the last few years, we've witnessed remarkable innovation, catapulting the sector into new realms of possibility." Looking ahead, he emphasised the importance of consolidation and operational fortification. "As we navigate the next phase, it's crucial to strengthen our foundations to yield substantial financial returns on our investments," he explained. Furthermore, he highlighted the critical need for robust fraud and risk management processes in emerging payment solutions. The success of cards, amidst a sea of alternatives, underscores the significance of these safeguards. 🔒 "In a rapidly evolving market, what was once considered a luxury is now a necessity." Jonathan stressed the shift from 'nice-to-have' features to indispensable components of customer expectations. Want to explore cutting-edge innovations in the payments landscape? 💳 Our commitment to staying ahead of the curve ensures that our solutions not only meet but exceed the evolving needs of our partners and customers. 📧 Let's shape the future together – get in touch now, https://bit.ly/3vnkdbI #payments #mastercard #mastercardengage Gaëtan Bouteiller

UNICREDIT INTRODUCES TACTILE DEBIT, CREDIT CARDS FOR VISUALLY IMPAIRED UniCredit, in partnership with Mastercard, is upgrading its entire line of debit, credit, and prepaid cards to the Mastercard Touch Card™, which features tactile notches to assist blind and partially sighted customers. This new card design helps visually impaired users to distinguish between different cards by touch. Currently available in Italy, the rollout will extend to all UniCredit clients across twelve countries throughout 2024, affecting about 20 million cards. This initiative is part of UniCredit's commitment to inclusion and is aligned with their ESG principles. Additionally, the cards are made from recycled PVC and feature a Mastercard Sustainable Card Badge, indicating their sustainability. Both UniCredit and Mastercard emphasize that this project highlights their focus on inclusive, consumer-centric solutions that cater to the needs of all customers, particularly enhancing accessibility for Europe's 30 million blind and partially sighted individuals. #financeinclusion #mastercard #fintech #unicredit #payments #banking #finance #financialinclusion Learn more about the Touch Cards: https://lnkd.in/dqFqyA2R

In an ecosystem where transformation tends to result in more fragmentation, Mastercard Access introduces simplicity. If you are interested in finding out how, we would love for you to check out the below video! #mastercardemployee

Mastercard Access is the latest extension of our payments network and a new trusted connection into an innovative services network ⭐️ Take a look at our latest video to deep dive into Mastercard Access! #fintech #ecommerce #digitalpayments #financialservices #digitaleconomy Mastercard