Page 14 - GS220801

IndustryUpdate

of 40 trailblazing fintechs and 10 outstanding fintech
influencers. More than 1,200 companies were nominated
and over 18,000 votes cast.

Mark Walker, co-founder and chief operating officer
of The Fintech Power 50, said the annual list "acts as
a much-needed reminder of all the great things we
are achieving in the world of financial technology,
and shines a spotlight on those who are transforming
financial services for the better." Kani's clients include
fintechs, challenger banks, established banks, electronic
money issuers and gift card providers.

Paysafe honored for payments innovation
Specialized payments platform Paysafe won in the
Payment Innovation of the Year award category at the
2022 SBC Awards North America, held July 14, at Pier
Sixty in New York City. The award recognizes the prod-
ANNOUNCEMENTS uct revamp of Paysafe's Skrill USA digital wallet that
enables players to instantly fund iGaming deposits and
AstroPay, a sponsor at Maccabiah Games receive payouts, while also tailoring the wallet for high-
stakes players with a VIP player program.
Online payment solution provider AstroPay sponsored
the Ukraine team for the 2022 Maccabiah Games in Tel The award program honored the U.S. and Canadian
Aviv from July 12 through 26. Held every four years in iGaming operators and service providers that have
Israel, the event is the biggest Israeli sporting event and excelled and innovated in their business areas over the
Jewish sports competition in the world, and third largest last 12 months.
sporting event in the world by number of competitors,
AstroPay stated. RESEARCH

Ten thousand athletes from 80 countries competed in
more than 40 sports this year. About the sponsorship, ACI finds mobile transforming bill-pay
AstroPay CEO Mikael Lijtenstein said, "The Maccabiah Mobile has emerged as the catalyst for continual change,
Games has a very rich history, and we are immensely with consumers across generations rapidly switching
proud to take part in the journey with the Ukrainian and using this channel to pay bills, according to the
delegation, who are competing in spite of the upheaval 1H 2022 ACI Speedpay Pulse consumer survey. ACI
in their home country." Worldwide, a provider of real-time electronic payment

Finzly joins Banking-as-a-Service Association and banking solutions, found that increased familiar-
ity with—and trust in—the mobile channel prompted a
Finzly joined the BHB BaaS Association launched recent- sharp increase in mobile wallet usage, with 58 percent of
ly by Bankers Helping Bankers, a social platform for col- users reporting using it to make a payment at least once
laboration and education on banking-as-a-service (BaaS). a week in the first half of 2022, compared to 46 percent
Fueled by rapid expansion in fintech funding and a con- in 2021's first half.
stant supply of new startups, there aren't enough BaaS
sponsor banks to meet the growing demand for banking Forty-nine percent of respondents indicated they would
services from hundreds of fintechs, Finzly stated. consider using a mobile wallet when paying bills, com-
pared to 36 percent in 2021 (and 28 percent in 2018).
"We are delighted to join this fraternity of forward-think-
ing bankers who are willing to take advantage of this Amazon Prime Day lackluster for CU members
opportunity," said Booshan Rengachari, founder and Amazon Prime Day stimulated a small uptick in online
CEO of Finzly. "The BHB BaaS Association gives banks a purchasing over the two-day shopping holiday, July 12
perfect opportunity to learn, explore and network with and 13, 2022, according to credit union-issued card data
industry leaders and other peer institutions." analyzed by Co-op Solutions. The number of debit trans-

Kani Payments listed in 2022 Fintech Power 50 actions made on Amazon was down .05 percent on day 1
of the event, and up just .62 percent on day 2, compared
Kani Payments, a UK data reconciliation and reporting to spending for the two-day event in 2021.
platform, was voted onto the 2022 Fintech Power 50 list

14