Helping global fintechs shape the future of payments 

Dear Customer,

For my newsletter column today, I would like to share with you how we support global fintechs – and how this helps them to shape the future of payments.

We are proud to be working with the likes of Klarna, Square, N26, SumUp and Edenred, to help these brands meet their customers’ needs, to drive business growth.

These are all large organisations helping to evolve the payments landscape. They want to help consumers manage their money flow, or make card payments more accessible for the running of small businesses and charities.

To enable this evolution, we are facilitating Bacs, Faster Payments Service (FPS), SEPA Instant, Direct Debit and Credit Transfer payments processing.

In the UK market, these companies are asking for our support with open banking operations, creating new payment acceptance methods, and combating authorised push payment (APP) fraud. In Europe, Form3 is helping these fintechs deal with regulatory changes such as the Digital Operational Resilience Act (DORA) and the SEPA Instant mandate.

In addition, from April 2025, fintechs will have access to European clearing systems, meaning they no longer have to rely on other participants to grant them access. This will open up new payment offerings and support new business models. Form3’s APIs enable any regulated financial institution to integrate and manage SEPA schemes, and we are fully supportive in making the schemes more accessible.

Whether the need is payments processing or handling regulation, these and other global fintechs need technology that allows them to operate at the scale of tier one banks. Form3 can provide this efficiently and effectively.

Our mission is to design, build and run technology that powers the future of payments – which is what these global fintechs want to replicate.

A lot of these organisations are running cloud native technology already, and so they need to work with a partner which understands this tech - this is our expertise. These fintechs need a technology partner that can help them scale. They demand a partner with expertise and a proven track-record in supporting growth. This is Form3’s strength.

Looking to the future, we will continue to work with new and existing global fintechs, in multi-markets, to help them deliver their business ambitions. The rate of growth these companies want matches our own ambition. We are speaking the same language.

Thanks for taking the time to read my column. All the very best for now.

Written by

Mike Walters
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Mike Walters Chief Executive Officer

Mike was appointed CEO in October 2023, having joined Form3 as CPO and co-founder in 2016. During his roles as CPO he was responsible for strategy, product development, product management as well as strategic initiatives, playing a key role in the business’ funding activities and key client relationships.

Prior to Form3, Mike held senior Product roles within Barclays:
As Product Director for Barclaycard Payment Acceptance (card acquiring) he was a member of the Executive Committee and responsible for P&L, product management, strategy development, vendor selection and management, digital transformation and M&A.
As Head of UK Corporate Payments for Barclays Corporate Bank, Mike held product management responsibility for all payment, receipting and reporting products delivered to Barclays corporate clients – this included defining the Barclays Corporate Bank mobile payments strategy and initiating, building and scaling multi-award winning mobile payment solutions. Earlier in his career he managed client relationship teams responsible globally for the North American Financial Institutions and FTSE 250 sectors providing him with significant product and enterprise client experience domestically and internationally.