Finovate

SEPTEMBER 18, 2024

BaaS provider Synapse filed for Chapter 11 bankruptcy in April, leaving its clients, including Evolve Bank & Trust and multiple others, unable to verify and manage funds. Strengthened recordkeeping requirements Advanced recordkeeping should already be part of a bank’s routine.

Rules 52

Rules FDIC Non-Bank Money Laundering 52

Finovate

SEPTEMBER 17, 2024

Mobile banking platform MoneyLion will be adding personalized touches to its consumer-focused products and services thanks to a partnership with TransUnion. Under the agreement, MoneyLion will integrate TransUnion’s data and credit solutions into its hosted enterprise credit-decisioning platform and direct-to-consumer finance tools.

Embedded Finance 64

Embedded Finance Non-Bank Finance Risk 64

Neopay

APRIL 25, 2024

UK Finance has teamed up with law firm Addleshaw Goddard to put together a set of model clauses that bank account providers and PSPs can use in variable recurring payments (VRPs). Financial regulators in the UK have agreed plans for a Phase 1 roll out of non-sweeping VRPs by the third quarter of 2024.

Finance 52

Finance Non-Bank Payments Agreements 52

Fintech Finance

JUNE 25, 2024

O3 Capital (“O3”) , a leading Nigerian fintech and the country’s first non-bank credit card issuer, is delighted to update the market on the first month of operations – following the launch of its four American Express (“Amex”) cards – which have met with huge demand both in and out of Nigeria. The future for O3 is exciting.”

Card Issuer 97

Card Issuer Credit Cards Non-Bank On-Demand 97

The Fintech Times

DECEMBER 12, 2023

NexPay , a global education payments, has unveiled new board roles including David Jonhstone as non-executive chair, Rajesh Yohannan, the current CEO of Axi Corp, as a non-executive board director, as well as Clive Wilson to the newly created role of chief risk and governance officer.

FinTech 59

FinTech Financial Crimes Non-Bank Point-of-Sale (POS) 59

The Fintech Times

MAY 9, 2024

Banked , the real-time payments provider, has joined forces with the National Australia Bank (NAB) to accelerate the number of Australian merchants adopting and integrating account-to-account (A2A) payment solutions. “Working together is the secret to success. “Working together is the secret to success.

Payment Solutions 59

Payment Solutions Real Time Payments Non-Bank Payments 59

Fintech Finance

MAY 8, 2024

Leading global fintech Banked and National Australia Bank (NAB) have launched a new partnership to accelerate the number of Australian merchants adopting and integrating account-to-account (A2A) payments solutions. Together, we’re well positioned to not only unlock, but accelerate, Pay by Bank opportunities in the Australian market.

Real Time Payments 52

Real Time Payments Non-Bank Agreements Payment Solutions 52

Stax

FEBRUARY 26, 2024

The recurring payment process involves a series of well-coordinated steps, starting with customer authorization and agreement setup. Customer authorization and agreement setup Customers grant businesses the authority to charge their accounts by providing authorization through various means. How Do Recurring Payments Work?

Best Practices 88

Best Practices Payment APIs and Integration Payment Gateways Payments 88

The Paypers

OCTOBER 21, 2022

UK-based Open Banking payments platform Token has announced it will enter into an agreement with NatWest Group to offer Variable Recurring Payments (VRP) for non-sweeping services.

Non-Bank 36

Non-Bank Agreements Payments 36

The Fintech Times

FEBRUARY 10, 2024

Supermarket Tesco has a struck a £600millon deal to sell its banking operations to Barclays with the bank taking over Tesco’s credit cards, loans and savings accounts. Does it reflect a wider trend of consolidation within the banking sector? Who’s next?

Non-Bank 69

Non-Bank Credit Cards Continuity ATM 69

The Fintech Times

JULY 4, 2024

With 15 years-plus experience in banking and payments Bowe joins Paymentology’s leadership team to drive innovation in the company’s payment products. He previously served as director of digital experience and innovation at Nationwide Building Society , and has worked with NAB, The Bank of New Zealand and Worldfirst.

FinTech 59

FinTech Non-Bank Agreements CHIPS 59

The Fintech Times

SEPTEMBER 4, 2024

Appointments Malcom Finance ( formerly 4Trans) , a fintech company specialising in financial services for supply chain and logistics SMEs, has appointed the founder of Twisto as a non-executive director. The Bank of London has revealed that its founder, Anthony Watson CBE, is stepping down from his role as CEO.

FinTech 64

FinTech Non-Bank Cross-Border Reconciliation 64

The Fintech Times

JUNE 25, 2024

This latest infusion of capital will accelerate the company’s growth in banking and insurance and Verituity’s expansion into new markets, including mortgage servicing and energy. Thredd , the next-gen payments platform, hires Matt Swann as non-executive director. Tide also launched a product into the German market in May.

FinTech 59

FinTech Non-Bank Settlement Participant 59

The Fintech Times

FEBRUARY 3, 2024

The fintech will also retain a 45 per cent non-controlling equity stake in Worldpay ; with private equity firm GTCR controlling the remaining 55 per cent. We will maintain a meaningful minority stake in Worldpay and participate on the Worldpay Board, allowing us to benefit from continued growth in its business.”

Agreements 78

Agreements Participant Non-Bank FinTech 78

The Fintech Times

JANUARY 9, 2024

The platform, which is backed by Lloyds Bank, targets cash flow shortages, a primary cause of delayed payments in the construction sector. He joins Optimum with more than 40 years’ experience within invoice finance and the financial services, including a long stint at Lloyds Banking Group.

FinTech 59

FinTech Non-Bank Cross-Border Payments Embedded Finance 59

The Fintech Times

DECEMBER 21, 2023

This includes an increased usage of artificial intelligence (AI) and machine learning, further advancements in open banking and open finance, digital currencies and virtual assets, and cybersecurity. Looking specifically at open banking, 2024 will see more news on this front. MEA is already home to some prominent superapps.

FinTech 64

FinTech Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 64

Finovate

JANUARY 8, 2024

It also helps users without a bank account to withdraw funds onto a prepaid Mastercard or Visa card. TaskPay’s emergence aligns with today’s digital-first era, offering a fundamental solution to solve trust issues in contractual agreements and gig worker payments.

Wire Transfer 52

Wire Transfer Payee Payer Disputes 52

Open Banking Excellence

MARCH 15, 2024

A look at four of Australia’s Open Energy use cases While the world has taken Europe’s lead on Open Banking, Australia started with an economy-wide approach informed by the Consumer Data Right (CDR), which implemented economy-wide Open Data. It started with Open Banking, moved onto Open Energy and is now taking aim at other industries too.

Use Case 147

Use Case Non-Bank Consumer Accreditation 147

Stax

MAY 7, 2024

Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. Interchange fees are set by credit card issuers, such as Bank of America, Citi, or Chase, and are adjusted every year in April and October. to 2.9%) while the non-qualified is the highest.

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Segpay

FEBRUARY 28, 2024

Per the Forbes Advisor , rates range from 1.5% – 3%+ based on card type, with volume tiers and qualified vs non-qualified categories. Non-Compliance Fees Breaking processor terms for excessive chargebacks or returns, late batches, invalid data, or other violations generates non-compliance fees from $25 on up.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

The Fintech Times

JANUARY 23, 2024

Funding and investments Ozone API, the open banking API platform, has raised a £8.5million Series A round to fund its continued global expansion. Alba Bank, the UK challenger bank for SMEs, has strengthened its leadership team ahead of its planned market entry, hiring Michael Mustard as general counsel and company secretary.

FinTech 69

FinTech Payment APIs and Integration Agreements Finance 69

VISTA InfoSec

SEPTEMBER 14, 2023

Non-EU businesses monitoring activities such as cookies or other tracking technologies, behavioral advertising, geolocation, and market surveys can be subject to GDPR (Recital 24 of the GDPR). citizen visits Iceland, which is in the EEA, and uses a non-GDPR-protected service. citizen visits France and uses a GDPR-protected service.

Compliance 130

Compliance Privacy Processors Legal 130

Finovate

OCTOBER 4, 2024

Netherlands-based digital banking platform Plumery secured $3.3 Founded in 2022, Plumery offers a digital banking platform that enables businesses to rapidly customize and deploy their banking operations. This week’s edition of Finovate Global features recent fintech news and headlines from the Netherlands.

AI 64

AI Innovation Payment APIs and Integration Online and Mobile Banking 64

EBizCharge

APRIL 29, 2024

This is because the risk of non-payment is lower. Interest rates: While not traditional loans, factoring agreements are affected by prevailing interest rates, which can influence the cost of the factoring service. It can be classified as recourse factoring, non-recourse factoring , or maturity factoring.

Accounts 52

Accounts Credit Risk Non-Bank B2G 52

The Fintech Times

MAY 11, 2024

O3 Capital , a Nigerian fintech and non-bank credit card issuer, is set to begin issuing four new American Express credit cards, serving local consumers and SMEs alike. Abimbola Pinheiro , CEO of O3 Capital, said: “This agreement with American Express is a significant milestone, both for O3 Capital and for Nigerian businesses.

Credit Cards 59

Credit Cards Consumer Card Issuer Non-Bank 59

PYMNTS

JANUARY 25, 2021

The combined company aims to facilitate easier connections between retail and banking customers. A non-bank ATM operator, Cardtronics also offers managed services and payment processing to banks and merchants. With committed financing by Bank of America, NCR is moving to finalize the transaction with cash on hand. .

Advisors 81

Advisors Non-Bank Legal ATM 81

PYMNTS

DECEMBER 4, 2018

European Union finance ministers worked out a plan for combating money laundering and also made a deal on major bank reform on Tuesday (Dec. The money laundering plan is a response to highly visible cases of alleged criminal activity at EU banks in countries such as Malta, the Netherlands, Britain, Estonia and others.

Money Laundering 57

Money Laundering Financial Crimes Non-Bank Rules 57

PYMNTS

FEBRUARY 23, 2020

If E-Trade Financial Corp walks away from its $13 billion deal with Morgan Stanley , the massive bank will come away with a $375 million breakup fee, according to Reuters. After that, those knowledgeable of the market speculated that E-Trade would be next up for a sale, due to the continuing pressures on non-commission trading.

Non-Bank 60

Non-Bank Agreements Acquirers Continuity 60

Segpay

JANUARY 26, 2024

A - Audit Your Affiliates It only takes one bad merchant to take down an entire payment processor or bank, so knowing who you work with is essential. At a minimum, merchants should be gathering things like proper address information, bank account data, and valid identifications of their affiliates. We see it happen regularly.

Best Practices 103

Best Practices Push-to-Card Processors Due Diligence 103

PYMNTS

SEPTEMBER 27, 2018

Alibaba Group announced Thursday (September 27) that it signed up with Banking Circle to use its infrastructure and global network for digital payments. We are delighted to partner with Banking Circle. Payments are simply payments,” said Anders la Cour, co-founder, and chief executive of Banking Circle, in the same press release.

Cross-Border Payments 73

Cross-Border Payments Cross-Border Non-Bank Payments 73

The Fintech Times

FEBRUARY 6, 2024

Partnership agreements with some of the biggest names in financial advice, banks & asset managers. Customers include Cavendish Online (part of Lloyds Banking Group ), Aviva , Schroders , 7IM and Age Partnership. Tasks are automated to allow advisers to focus on the priority area: clients.

AI 59

AI Non-Bank Underserved On-Demand 59

The Fintech Times

APRIL 30, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. “Through integrating financial services into their offering, businesses are ensuring a succinct customer experience, whether in retail, automotive, insurance, or banking.

Embedded Finance 109

Embedded Finance Finance Innovation AI 109

The Paypers

APRIL 14, 2021

The Saudi Fund for Development (SFD) has signed a USD 50 million financing agreement with the Trade Bank of Iraq to facilitate Saudi exports to the country to support non-oil exporters, according to gtreview.com.

Non-Bank 28

Non-Bank Agreements Facilitators Security 28

Payment Savvy

JULY 3, 2024

These fees cover the costs of processing the transaction , ensuring the payment goes from the customer’s bank to the business’s bank account securely and efficiently. Banks may charge interchange fees, which are set by the card networks like Visa or Mastercard and are a portion of the transaction amount plus a flat fee.

Debit Card 52

Debit Card Process Debit Transaction Processors 52

Finovate

JANUARY 3, 2024

1 December 18: Salesforce Signs Definitive Agreement to Acquire Spiff Utah-based compensation platform Spiff has agreed to be acquired by Salesforce. Shoppers can use Affirm to pay for non-grocery purchases ranging from $144 to $4,000 in monthly installments. Financial terms of the deal were undisclosed.

BNPL 59

BNPL Digital Currency Acquirers Non-Bank 59

The Fintech Times

MARCH 6, 2024

The regulatory tides may be changing in the US, as the Office of the Comptroller of the Currency (OCC) suggests banks should be doing more to manage risks related to partnering with fintech firms.

OCC 69

OCC FinTech Non-Bank Regulations 69

PYMNTS

NOVEMBER 23, 2018

Danske Bank, Denmark’s largest bank, is being investigated over what has been termed “massive money laundering flows” from Russia and several former Soviet states. The probes are ongoing and relate to transactions tied to the bank’s Estonian branch — and focus on $150 million that made its way through accounts of non-Estonian holders.

Non-Bank 57

Non-Bank Correspondent Bank Money Laundering Correspondent 57