Paris, November 28, 2022 - On November 28 & 29, Fintecture will be at Tech For Retail, to present its new payment solutions for physical stores and online sales, which make Fintecture the preferred transaction platform for B2B merchants. On this occasion, Fintecture will also be on stage with its new partner Transmit Security, to talk about the circular economy and how to digitalize and secure new modes of consumption.
Unlocking the world’s largest market: B2B commerce
Fintecture, a pioneering next-gen B2B payment platform, helps merchants save time (people time & time to cash), reduce costs, and increase sales. Today, Fintecture's payment platform enables around 7,000 businesses to collect payments. Over 250,000 buyers have already paid using Fintecture via multiple sales channels: e-commerce, in-store, remote sales or invoicing cycle.
Fintecture proposes the most relevant payment option according to the payer's profile:
- Immediate Transfer: Built on Open Banking's Fintecture payment and data infrastructure using a proprietary Smart Acceptance algorithm, Immediate Transfer allows buyers to make payments directly via their bank, without entering an IBAN, and bypassing bank card limitations.
- Verified disbursement: This 100% automated solution, leveraging Open Banking's Fintecture payment and data infrastructure, enables merchants to issue refunds or credit their customers' bank accounts without entering an IBAN. The entire process takes less than 5 minutes, from KYC to the availability of funds in the customer's account.
- Smart transfer: This solution transforms traditional bank transfers into an automated means of payment. It uses virtual IBAN technology and a proprietary reconciliation algorithm to fully and instantly automate the processing and tracking of bank transfers.
Act as a trusted payment partner for circular economy players
The second-hand market is the spearhead for a new mode of consumption motivated by social and environmental concerns as well as the development of new commercial offerings. In 2021, the market was worth 9 billion Euros, up 21% compared to 2020, and 1 in every 2 French consumers reported buying at least one second-hand item in 2021.
Fintecture is the reference for players in the circular economy, in particular for merchants wanting to purchase second-hand items from consumers seamlessly, securely, and quickly.
Against this backdrop, Fintecture and Transmit Security have joined forces to develop a unique technological collaboration combining expertise in payment methods and customer access and identity management, to enhance transaction security for merchants, avoid the use of cash and offer a seamless in-store shopping experience.
The two partners will be on stage for a dedicated conference:
Circular economy, how to digitalize and secure new modes of consumption?
Speakers:
- Anjan SOM, Chief Technical Officer, Fintecture
- Sophie Belloc, Sales Director France, Transmit Security
November 29, 3:30 to 4:00 pm, Room 4
A question-and-answer session will be organized after the presentation.
Come and meet the Fintecture team Hall 4 - Booth G55
About Fintecture
Launched in March 2020, Fintecture spearheads the revolution in B2B transactions. Currently operational in over 10 countries, Fintecture already enables over 7,000 companies to collect payments from 250,000 payers in France, Spain, and soon in Italy, the UK and Germany. Fintecture's payment methods, built on the first principles of B2B transactions, integrate seamlessly with all sales channels, saving merchants time, reducing costs and increasing sales. Just two years after its launch, Fintecture partners with companies ranked leaders* in their industries, including Edenred, Auchan, Europe's largest telecommunications operator, and a global leader in logistics and shipping.
Fintecture is currently led by co-founders Faysal Oudmine, Anjan Som and Reda Charai.
Press contact
Joanna Kirk: press@fintecture.com
About Transmit Security
Transmit Security provides companies with the modern tools they need to design secure, trusted end-to-end digital identity journeys to innovate and grow. CX-focused, cybersecurity-aware executives rely on Transmit Security's CIAM platform to deliver seamless, fraud-protected customer experiences across all channels and devices. Transmit Security serves many of the world's largest banks, insurance companies, retailers and other leading global brands, collectively responsible for over $1.3 trillion in annual commerce. For more information, please visit www.transmitsecurity.com.
