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December 12, 2019

Telleroo taps Moorwand for e-money issuing and digital banking access

Telleroo, a payments firm specialising in the accounting space, has chosen BIN (bank account identification number) sponsor Moorwand to improve its payments capabilities.

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Telleroo will leverage the e-money and digital banking expertise of Moorwand to streamline payments in a compliant manner.

Moreover, Moorwand said that its sponsorship will enable Telleroo to manoeuvre regulations related to payments with ease.

Moorwand CEO Robert Courtneidge said: “It no longer makes sense for payment services to be limited to banks.

“Telleroo are solving a problem accountancy firms have faced for a long time—as consumers, we’re used to payments becoming ever easier, but payroll and supplier payments remain manual and laborious.”

At the same time, Moorwand’s access to banking and technology firms is said to enable Telleroo support multiple use cases and enable pay runs to be scheduled for later dates.

Telleroo MD and co-founder Michael Riedler said: “This partnership means that we can offer a fully-compliant payment service, powered by Moorwand, without becoming a bank.

“The provision of banking and payment services involves a lot of red-tape and regulation which Moorwand’s expertise and sponsorship means we can easily navigate. We want our focus to be on giving our customers the best and most convenient user experience—working with Moorwand means we can do that.”

 

Free Whitepaper
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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
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Enter your details here to receive your free Whitepaper.

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