Yaspa Partners with The Payments Association to Pioneer Open Banking Innovation

Yaspa, a leading FinTech firm based in London, is making significant strides in the digital payments landscape. Recently, the company announced its membership in The Payments Association, a key UK network comprising over 230 corporate members, including industry giants like Mastercard, Visa, and Worldpay. This partnership aims to enhance Yaspa’s engagement with policymakers and industry leaders, emphasizing its commitment to advancing fraud prevention and innovation in the payments sector.

Yaspa’s Commitment to Innovation in Payments

By joining The Payments Association, Yaspa aims to take a more active role in shaping policy and collaborating on strategic initiatives within the payments industry. The company specializes in real-time payment and account verification solutions, utilizing open banking technology for efficient Pay by Bank transactions. Their flagship product, Intelligent Payments, combines AI-driven verification with real-time risk assessments, ensuring a secure and seamless user experience.

Enhancing Security and Efficiency

Yaspa has earned recognition for its innovative tools that not only streamline digital payments but also bolster security and operational efficiency for businesses. The Payments Association acts as a vital hub for collaboration among various stakeholders, from startups to major players like American Express. The focus areas of this association include:

• Open banking
• Artificial intelligence in payments
• Identity verification
• Responsible gambling

Collaboration and Strategic Initiatives

Through participation in specialized working groups, Yaspa intends to contribute to essential discussions regarding:

1. Advancements in open banking
2. Integration of AI in transaction systems
3. Frameworks for secure user verification

This collaboration will also enable Yaspa to broaden its industry network and support the development of the payments sector. The membership underscores Yaspa’s strategic growth ambitions and its dedication to leading the industry beyond mere product innovation.

Leadership in the Digital Payments Landscape

Yaspa’s CMO, Kate Marsden, expressed enthusiasm about joining a community that shares a vision for leveraging open banking to enhance payment experiences and provide actionable insights for businesses. She stated, “The Payments Association’s commitment to driving innovation and collaboration across the ecosystem makes it a natural fit for Yaspa as we continue to champion smarter, safer digital transactions.”

Freddie Marewa, member engagement manager at The Payments Association, also shared his excitement, noting, “We can’t wait to team up with Yaspa to maximize their membership benefits. Our community will greatly benefit from their expertise, and we are confident this partnership will yield valuable collaboration opportunities.”

For more information on Yaspa’s initiatives and offerings, visit their official website at Yaspa. To learn more about The Payments Association, check out their resources at The Payments Association.