Form3 news and trends

Form3 Raises $60 Million to Expand Account-to-Account Platform
Investments // September 12, 2024

Form3 completed a $60 million Series C extension and said it will use the new funding to develop new products and services and support the growth of its cloud-native account-to-account (A2A) platform in the United Kingdom, Europe and the United States. The company’s newest investor,...

OCC’s Hsu: Agility and Teamwork Critical as Banks Confront New Risks
Security & Fraud // September 04, 2024

Banks are confronting new, digital risks, and guarding against them demands a more agile, teamwork-focused approach. Michael Hsu, acting Comptroller of the Currency, said in a Tuesday (Sept. 3) speech before the Joint European Banking Authority and European Central Bank International Conference that within financial...

Managed Services Give Banks End-to-End Look at Real-Time Payments 
Real-Time Payments // April 05, 2024

Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in wait. “Everybody feels like the scammers just have not caught up with instant payments just yet,” Sullivan said. As she...

FinTech and Bank Partnerships Will Boost Open Banking in the US
Banking // March 21, 2024

Dave Scola, CEO, U.S. at Form3, said the transformation of banking and financial services is demanding collaboration between traditional banks and digital upstarts. The most notable, and long lasting, changes in consumer behavior have been spurred by the pandemic: The shift to contactless payments, and the...

Interviews & Exclusives
71% of Financial Institutions Turn to AI to Fight Faster Payments Fraud

December 03, 2024
As demand for faster payments grows, so does the risk of fraud. More than 170 million U.S. consumers received at least one disbursement in the past year, highlighting the need for rapid transactions. According to a PYMNTS Intelligence report, “Protecting Accelerated Disbursements From Fraud,” in collaboration with Ingo Payments, the speed of these payments creates […]

Managed Services Give Banks End-to-End Look at Real-Time Payments 

April 05, 2024
Laura Sullivan, senior product manager at Form3, told PYMNTS in an interview that as faster payments gain ground in the United States, fraudsters are lying in wait. “Everybody feels like the...

FinTech and Bank Partnerships Will Boost Open Banking in the US

March 21, 2024
Dave Scola, CEO, U.S. at Form3, said the transformation of banking and financial services is demanding collaboration between traditional banks and digital upstarts. The most notable, and long lasting, changes in...

Real-Time Payments Need Orchestration Layer to Solve Interoperability Gap

March 11, 2024
The financial landscape is rapidly evolving in an era of faster payments, presenting a blend of opportunities and setbacks. One of the major hurdles that U.S. banks are facing today...

Quick Reads
Form3 Raises $60 Million to Expand Account-to-Account Platform

September 12, 2024
Form3 completed a $60 million Series C extension and said it will use the new funding to develop new products and services and support the growth of its cloud-native account-to-account (A2A) platform in the United Kingdom, Europe and the United States. The company’s newest investor, British Patient Capital, joins a group of existing strategic and […]

Thought Machine and Form3 Partner on Real-Time Payment Processing 

October 23, 2023
Cloud-native banking technology company Thought Machine has partnered with cloud-native account-to-account (A2A) platform Form3 to offer banks and financial institutions an end-to-end solution for real-time payment processing.  This collaboration will add the FedNow® Service, The Clearing...

Visa Investment Helps Form3 Expand Anti-Fraud Efforts

September 12, 2023
Account-to-account (A2A) platform Form3 says Visa is a believer in its anti-fraud efforts. To that end, the payments giant has invested in the British company to help support its expansion,...

Payments Platform Form3 Wins FedNow Certification

July 27, 2023
Account-to-account payment platform Form3 says it is ready for FedNow. The company on Thursday (July 27) announced it was among the first in its industry to finish testing and certification for the Federal Reserve’s...