Finland-based Enfuce, a card-issuing and payment processing platform, added Icelandic telco Siminn to its growing list of global partners. The partnership will make Siminn the first Icelandic non-financial institution to issue its own revolving credit card via the Siminn Pay mobile app, representatives from both companies stated. Denise Johansson, co-CEO and co-founder at Enfuce, noted the Siminn and Enfuce partnership will facilitate easy, personalized payments.
"By combining our strengths, we ensure that flexible, loyalty-based card payments become a natural part of [consumers'] everyday lives," she said. "We look forward to helping Siminn Pay accelerate its fintech offering by continuously ensuring top-notch scalability, user experience and security."
FinTech Connect 2022 held at London's ExCel Centre, brought together over 120 speakers and 3,000 attendees for its ninth annual conference, event organizers stated. The two-day event mixed networking, keynote addresses and a startup competition to celebrate the fintech sector and its positive impact on the global economy. Before the event Laurence Coldicott, senior content director of Fintech Connect 2022, stated he looked forward to participating in a live conference once again after two years of virtual events.
"We're thrilled to host the FINTECH Circle Pitching Event, which promises to be a hugely enthralling pitching competition between some of the industry's stand-out entrants," he said, adding contestants will answer questions from angel investors in front of a live audience.
The National Retail Federation reported a record-breaking 196.7 million Americans shopped in stores and online from Thanksgiving Day through Cyber Monday, which was 17 million more shoppers than the same period in 2021, according to an NRF survey conducted by Prosper Insights & Analytics. Matthew Shay, NRF president and CEO, described the holiday shopping period, which typically begins Nov. 1, and runs through Dec. 31, as a treasured American tradition.
"As inflationary pressures persist, consumers have responded by stretching their dollars in any way possible," he said. "Retailers have responded accordingly, offering shoppers a season of buying convenience, matching sales and promotions across online and in-store channels to accommodate their customers at each interaction." Shay also cited an earlier survey of 3,326 adult consumers that found respondents planning to begin holiday shopping well in advance of the traditional season.
Big tech firms are laying off employees in unprecedented numbers while doubling down on unattended technology investments, according to recent reports. This has raised speculation among retail analysts of a permanent shift to self-attended retail and hospitality environments. Allen Kopelman, CEO and co-founder of Nationwide Payment Systems, reviewed the list of companies that are laying off people and said it reads like a "Who's Who" of technology leaders.
"Meta, Twitter, Uber, DoorDash, Stripe, Coinbase, FTX, Netflix, Klarna, Shopify, Tesla, Lyft, Carvana, PayPal, Microsoft, and more," he said. He also noted the stock prices of these companies have plunged along with other companies that were affiliated with FTX, representing over 140 companies and counting.
The Electronic Transactions Association, standard bearer for the increasingly diverse global commerce value chain, issued its annual call for award nominations. Designed to honor leaders, disruptors and exceptional individuals whose commitment and dedication are moving the industry forward, the 2023 awards will recognize contributions by individuals and enterprises, stated Jodie Kelley, CEO of ETA. "ETA's annual awards recognize exceptional leaders in the payments space," she said.
"The ETA awards—from Young Professionals to Top ISVs—also demonstrate the breadth and depth of our industry." In keeping with the constantly evolving payments space, the ETA added new categories to its annual awards, Kelley noted. The payments industry's products and services expand the digital economy, she added, providing consumers with innovative, cost-effective and secure ways to hold, send, receive and spend money." 
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