Ally lays off hundreds of employees
Payments Dive
JANUARY 10, 2025
The digital bank also said this month that it’s exploring strategic alternatives for its credit card business.
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What’s Fueling Southeast Asia Fintech Golden Age?
Fintech News
JANUARY 12, 2025
Southeast Asias fintech industry is flourishing, driven by soaring adoption of digital payments, alternative lending, and wealthtech. The regions strong fundamentals, coupled with a growing digital economy, promise continued growth and innovation in the coming years, a new report by Royal Park Partners (RPP), a fintech-focused corporate finance advisory firm, says.
dLocal Announces Expansion of Offering to UK Merchants With New Authorised Payment Institution License and Partnership With ICC
Fintech Finance
JANUARY 8, 2025
dLocal , the leading payment platform connecting global merchants to emerging markets, has announced that it has been granted the Authorised Payment Institution license from the Financial Conduct Authority (FCA) in the United Kingdom. This milestone positions dLocal to offer regulated payment services in the UK, bolstering its commitment to global compliance and expanding its service offerings for UK-based merchants.
Digital Rupiah Inches Closer with Successful Completion of PoC
Fintech News
JANUARY 9, 2025
Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda. Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity.
The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility
Speaker: Becky Parisotto and John Vurdelja
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms
The Payments Association
JANUARY 13, 2025
Decoding the FCA's safeguarding reforms: Practical steps for payments and E-money firms January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The FCA’s proposed safeguarding reforms for payments and e-money firms, aiming to enhance consumer protection and operational compliance. Why is it important? The reforms ensure robust safeguarding practices, bolster consumer trust, and address risks like fund shortfalls during insolvency.
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Spotlight On: DataStealth, a New Principal Participating Organization
PCI Security Standards
JANUARY 14, 2025
Welcome DataStealth, a new Principal Participating Organization (PPO) at the PCI Security Standards Council! In this special spotlight edition of our PCI Perspectives Blog, DataStealths CEO, Ed Leavens, introduces us to his company and how they are helping to shape the future of payment security.
Introducing Adyen Uplift: The Payment Solution Optimizing Every Transaction With AI
Fintech Finance
JANUARY 9, 2025
Adyen , the global financial technology platform of choice for leading businesses, announces the launch of Adyen Uplift. The AI-powered payment optimization suite will help businesses increase payment conversion, simplify fraud management, and reduce the cost of payments. Adyens customers can utilize data-driven, tailored performance recommendations and opportunities to test different payment configurations to maximize performance.
Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector
The Payments Association
JANUARY 13, 2025
Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Why is it important? Over 340 million was lost to APP scams, affecting trust in payments and digital platforms.
Bank of England to launch Digital Pound Lab
Finextra
JANUARY 14, 2025
The Bank of England is to launch a Digital Pound Lab as it sets out its blueprint for the design phase of a future Britcoin.
From Start to Scale: Driving Growth Through Seamless Payments Implementation
Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting
Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical
Buy now, pay later users pile on debt, CFPB finds
Payments Dive
JANUARY 14, 2025
Consumers who use BNPL take out multiple loans and have more personal debt than consumers who don’t use the payment method, according to a new report from the Consumer Financial Protection Bureau.
XTransfer Officially Receives MPI License from the Monetary Authority of Singapore
Fintech Finance
JANUARY 8, 2025
XTransfer , the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform , was granted the Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS). This significant milestone strengthens XTransfer’s leading position in the B2B cross-border payments industry.
Luxembourg’s Banking Circle Set to Acquire Australian Settlements
Fintech News
JANUARY 12, 2025
Banking Circle, a Luxembourg-licensed bank specialising in next-generation banking services, is set to acquire Australian Settlements Limited (ASL), an authorised deposit-taking institution. The acquisition is subject to regulatory approvals and other closing conditions, marking a key step in Banking Circle s growth in the Australian market. ASL, a provider of settlement and processing services for banks and payment companies in Australia, will complement Banking Circles existing operations in t
Skipify appoints Worldpay chief product officer Cindy Turner as board observer and growth advisor
The Payments Association
JANUARY 8, 2025
Skipify, a leading fintech company pioneering identity-powered payments, announced today that Cindy Turner has joined the board as a strategic advisor and observer. With a distinguished career spanning Fortune 500 companies and private equity, Turner is an expert on digital transformation with an exceptional track record of helping companies drive operational excellence and growth at scale.
15 Modern Use Cases for Enterprise Business Intelligence
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Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
December 2024 Changelog
Basis Theory
JANUARY 10, 2025
December rounded out a productive and successful 2024 for the Basis Theory Platform. Heres what we released in the last month of the year.
Mastercard agrees to pay $26M to settle discrimination lawsuit
Payments Dive
JANUARY 14, 2025
The card network entered the agreement to settle a proposed class action that alleged it discriminated against Black, Hispanic and female employees by underpaying them.
Bank Alfalah Acquires Strategic Stake in UAE Fintech Jingle Pay
Fintech Finance
JANUARY 10, 2025
Bank Alfalah , a leading commercial bank in Pakistan with a network of over 1,000 branches, has announced its acquisition of a 9.9% equity stake in Jingle Pay , one of the fastest growing fintechs in the MENAP region. The Bank’s fintech investment underscores its commitment to driving digital transformation and fostering financial inclusion across key markets.
Is Southeast Asia Fintech Funding Drying Up?
Fintech News
JANUARY 13, 2025
A Tracxn Technologies report highlights that the Southeast Asia fintech ecosystem experienced its zenith in 2021, marking the highest annual equity funding in the last decade. However, 2024 saw a significant decline, with a total funding of USD $1.6 billion, representing a 23% drop compared to USD $2.1 billion in 2023 and a steep 75% fall from 2022s USD $6.3 billion.
Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio
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Build a sustainable merchant services portfolio with practical strategies to ensure long-term success. Diversify across industries to spread risk and stabilize income, balancing high-risk and low-risk clients for a robust mix. Combine large and small merchants to create a resilient payment portfolio, leveraging each type's strengths. Foster long-term relationships through exceptional service and personalized support.
The future of payments: Key trends that will shape 2025
The Payments Association
JANUARY 8, 2025
The payments industry in 2025 will see advancements in real-time payments, AI tools, and voice-activated technologies reshaping consumer and business interactions. The payments industry is evolving faster than ever, with trends like real-time payments, subscription innovations, and AI-powered tools redefining how businesses and consumers interact. From pay-by-bank solutions to futuristic voice-activated payments, 2025 promises to bring significant advancements.
Why a Global Payment System is Critical to E-commerce
Basis Theory
JANUARY 9, 2025
Doing commerce globally requires the services of providers all around the world.
RTP payments surged 38% last year
Payments Dive
JANUARY 10, 2025
The high-speed payments system operated by The Clearing House also saw the value of transactions nearly double last year over 2023.
HyperPay Obtains License From the Saudi Central Bank to Expand Digital Payment Services in the Kingdom
Fintech Finance
JANUARY 9, 2025
The Saudi Central Bank (SAMA) has announced the granting of a license to HyperPay Inc. Saudi Arabia for Information Systems Technology to operate digital payment services via an electronic wallet in the Kingdom. This license marks an important step in enhancing the companys position in the growing digital payments market in Saudi Arabia. HyperPay is a leading company in the financial technology sector, aiming to support the transition to a less cash-dependent society by offering innovative payme
Secrets of a Successful Sale: Optimizing Your Checkout Process
Speaker: David Nisbet, Everett Zufelt, and Michaela Weber
Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.
Reap Gets In-Principle Approval for Singapore Payment License
Fintech News
JANUARY 12, 2025
Reap, a Hong Kong-based payment technology provider, has received in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). The approval is a step forward for Reap Singapore , the company’s local entity, as it works toward meeting the conditions required to obtain the full license. Reap intends to allocate necessary resources to support its Singapore operations and strengthen compliance standards.
Navigating legal uncertainty: How the Digital Assets Bill could impact PSPs
The Payments Association
JANUARY 13, 2025
Navigating legal uncertainty: How the Digital Assets Bill could impact PSPs January 13 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The impact of the UK Digital Assets Bill on PSPs, highlighting legal uncertainties, operational challenges, and strategic opportunities. Why is it important? It addresses how evolving regulations shape the digital asset landscape, influencing innovation, compliance, and global competitiveness.
Five Key Ways for FIs to Maximize AI Potential
Payments Next
JANUARY 8, 2025
By Juan Urthiague, Chief Financial Officer, Globant According to a Citizens Bank survey, 97% of private equity financial firms use AI. Adoption The post Five Key Ways for FIs to Maximize AI Potential first appeared on Payments NEXT.
Payments plays gather momentum in 2025: 6 industry trends to watch
Payments Dive
JANUARY 9, 2025
Deregulation, artificial intelligence and stablecoin use are among the industry forces that will drive more digital payments use and innovation this year.
eCommerce in 2025: How Customer Experience Drives Online Retail Success
Speaker: Jennifer Wright and Nick Barron
2025 is right around the corner, and with it comes a new wave of consumer expectations, competitive pressures, and operational challenges. Success lies in finding the balance between operational flexibility and creating experiences that keep customers coming back. The future of retail belongs to those who can stay ahead of shifting customer preferences and marketing trends. 🔮 In this session, we’ll dive deep into what it takes to keep customers engaged and your operations nimble, no matt
AIsa Unveils Groundbreaking Payment Network for the Trillion-Dollar AI Economy
Fintech Finance
JANUARY 13, 2025
As the artificial intelligence revolution reshapes industries at an unprecedented pace, AIsa announces the launch of its revolutionary payment infrastructure tailored to the unique needs of the AI economy. Traditional payment systems, designed for human transactions, are no longer sufficient to support the lightning-fast, microscopic transactions required by AI agents.
Southeast Asia Fintech Funding Cools with 23% Dip in 2024, Singapore Maintains Lead
Fintech News
JANUARY 12, 2025
Southeast Asias fintech sector recorded US$1.6 billion in funding in 2024, a 23% decline from US$2.1 billion in 2023 and a steep 75% drop from US$6.3 billion in 2022. The slowdown reflects the impact of macroeconomic pressures, rising interest rates, and geopolitical uncertainties, with funding levels returning to pre-pandemic norms. Y-o-Y Funding Trends Source: Tracxn Despite these challenges, the fintech industry emerged as one of the strongest performers in the regions tech startup ecosystem,
How Swift is moving the global financial industry towards instant and frictionless payments
The Payments Association
JANUARY 15, 2025
Swift drives global interoperability and innovation, aligning with the UK’s National Payments Vision to enhance seamless, secure payments. The UKs payments landscape is at an inflexion point. The recently published National Payments Vision sets a forward-looking strategy, outlining priorities such as enhancing the regulatory framework, advancing Open Banking, combating fraud, and building a world-leading payments infrastructure with cross-border interoperability.
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