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New Research: 58% of Fintechs Now Offer Open Banking Payments as Adoption Rates Continue to Surge

Fintech Finance

Since its launch in 2018, the adoption of Open Banking payments has also grown among lenders, building societies, and credit unions, with 42%, 17%, and 11% of these businesses respectively listing it on their websites. Just over a third (34%) currently use it to make payments in financial services, while 22% would like to do so in the future.

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US Leads 2024 Research Budgets Rebound; FCA’s New Rules Could Impact Europe

The Fintech Times

Investment research budgets are increasing in 2024, particularly in the US, signalling a market rebound, but the potential implementation of the Financial Conduct Authority’ s (FCA) new payment rules could further reshape spending dynamics and competitive practices in Europe. ” What is MiFID II?

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Is 2025 Finally the Year for Open Finance in Southeast Asia?

Fintech News

A new report by Twimbit, a Singapore-based research and advisory firm, highlights the state of open finance in Southeast Asia, exploring the different factors such as regional integration, technological innovation, evolving business models, and API monetization that are fueling the growth of the sector.

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Bank of America Puts $4billion Towards New Tech Initiatives as it Reflects on Success of AI

The Fintech Times

This has been the case since 2018, when Bank of America launched Erica, an AI-driven virtual financial assistant, within its mobile app. As AI continues to be utilised in new ways, Bank of America is ensuring its approach to the tech includes human oversight, transparency, and accountability for all outcomes.

AI 59
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5 Early Indicators Your Embedded Analytics Will Fail

Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".

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Changing Landscape of Identity Fraud: Fraudsters Strike Back

Payments Dive

According to Javelin Strategy & Research’s 2019 Identity Fraud Study, the total amount of identity fraud in 2018 amounted to $14.7BB and impacted 14.4MM adults in the U.S. — more than 5% of the total population. In 2020, amid the COVID-19 pandemic, the impact of fraud was higher than ever.

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Ripple Renews Partnership With Morgan State University to Support Blockchain Innovators Across HBCUs

The Fintech Times

Ripple , the global payments and financial solutions provider, is accelerating blockchain education in the US as its University Blockchain Research Initiative (UBRI) renews its $1.05million partnership with Morgan State University to support blockchain innovators across America’s Historically Black Colleges and Universities (HBCUs).