Fintech PR
New Finextra and Volante Technologies survey reveals almost four-fold increase in bank adoption of Payments as a Service
Annual survey shows 364% increase in the number of institutions planning to deploy PaaS, with 72% of all respondents planning to increase funding for payments modernisation
LONDON, Sept. 12, 2023 /PRNewswire/ — Volante Technologies, the global leader in cloud payments modernisation, today published key findings from its annual research collaboration with Finextra, ‘Payments Modernisation: The Big Survey 2023‘. The global survey of 300 senior bankers reveals a seismic shift towards cloud-based Payments as a Service (PaaS), with an almost four-fold (364%) year-on-year increase in the number of institutions planning to outsource their payments processing to a PaaS provider.
This rapid shift towards PaaS is occurring within an industry context of ever greater reliance on cloud. A full 90% of all respondents indicated that they currently use, or plan to implement, a cloud-based payments infrastructure, whether provided by a PaaS supplier or their own private cloud. Only a minority (9%) maintain a preference for traditional data centers.
Survey data also indicates that despite a turbulent macro-economic environment, banking leaders see payments as a high-priority area for technology investment, with 72% of respondents expecting to increase their budget for payments modernisation in the coming year.
Other findings include:
- While all geographies showed an increase in PaaS interest, the shift was even more pronounced in North America, where more than half of respondents now favor PaaS
- The pace of modernisation is accelerating, with two-thirds of new payments solution implementations expected to take place within the next twelve months
- ISO 20022 compliance for domestic clearing remains a challenge, with less than a third of financial institutions able to deliver sophisticated products and manage compliance in a cost-effective manner
The survey also provides important insights into bank customer satisfaction. The greatest pain point for bank customers (79%) is access to real-time or intraday liquidity management, with the cost of service a close second. A bright spot is cross-border payments, with 37% citing higher customer satisfaction with the efficiency of cross-border payments, up from 28% last year.
Deepak Gupta, EVP Product, Engineering, and Services, Volante Technologies, said, “We expect this survey to spark animated discussions about strategic priorities for banks and their customers. The data clearly shows an overwhelming preference for cloud, and within that a rapidly growing movement towards working with Payments as a Service partners.”
Gupta continued, “The results are consistent with our experience working with over 150 customers worldwide. Banks are facing rapid change on multiple fronts with new payments rails, the rise of real-time and instant payment schemes, ISO 20022 compliance, API banking, and regulatory mandates. Cloud and Payments as a Service can provide a fast-track path to payments modernisation for institutions of all sizes.”
Anna Milne, Senior Research Editor, Finextra, said, “The urgency for the clear benefits of cloud-based payments services, and specifically for the outsourcing of these, is evident in the staggering increases year-on-year in implementations, as stated by respondents.”
Finextra and Volante conducted the survey in early 2023. Of the respondents, 40% were C-level or equivalent, with the rest senior management, director, or VP. By geography, 30% were from North America, 20% from Europe and the UK, and the remainder from the rest of the world. The largest cohort of respondents (41%) work in corporate transaction banking, with the remainder in SME banking, retail banking, and banking technology.
Download a complimentary copy of the survey, ‘Payments Modernisation: The Big Survey 2023’.
Media Contacts:
On behalf of Volante Technologies:
EMEA
Holly Finn or Damien Fletcher
Streets Consulting
Tel: +44 (0)20 8187 8324
[email protected]
[email protected]
Americas
Tinne Teugels
RISE-
Tel: +1 (866) 797-8701
[email protected]
About Volante Technologies
Volante Technologies is the trusted cloud payments modernization partner to financial businesses worldwide, giving them the freedom to evolve and innovate at record speed. Volante’s Payments as a Service and underlying low-code platform process millions of mission-critical transactions and trillions in value daily, so customers can focus on growing their business, not managing their technology. Real-time ready, API enabled, and ISO 20022 fluent, Volante’s solutions power four of the top five global corporate banks, two of the world’s largest card networks, and 66% of U.S. commercial deposits. Learn more at www.volantetech.com and linkedin.com/company/volante-technologies.
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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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