The Finance Weekly
APRIL 8, 2025
Still stuck with outdated, manual financial processes that eat up your time and increase the risk of costly errors? You're not aloneand theres a smarter way forward. Finance transformation is redefining how modern finance teams operate. It empowers you to move faster, reduce errors, and focus on driving strategic value.What is Finance Transformation?
Finovate
APRIL 3, 2025
Plaid raised $575 million in a down round valuing the company at $6.1 billion, which is less than half its 2021 valuation. The funding will support employee restricted stock units tax obligations and provide internal liquidity. Plaid’s delayed IPO likely reflects US open banking uncertainty, as the CFPB finalizes its data access rule. Waiting for regulatory clarity and consumer awareness could position Plaid for a stronger public debut down the road.
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Fintech News
APRIL 7, 2025
Singapore and Hong Kong-licensed payment institution FOMO Pay has launched local Vietnamese Dong (VND) virtual accounts. The service enables merchants, corporates, and institutions to send and receive VND within Vietnam using locally issued virtual accounts under their own names via the countrys local payment infrastructure. The introduction of VND accounts aims to support cross-border transactions involving Vietnam by potentially speeding up settlement, simplifying payment reconciliation, and i
Stax
APRIL 3, 2025
According to the Worldwide Retail Ecommerce Forecast 2024 by eMarketer, eCommerce will account for 21.0% of retail sales in 2025, amounting to $6.862 trillion. This is expected to grow to 22.6% and reach $7.956 trillion by 2027. Like most business owners, your instincts tell you to hop on the bandwagon and launch an online store for your business. But launching your eCommerce store is just half the equationaccepting payments efficiently and effectively is a whole different ball game.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Finextra
APRIL 8, 2025
In this interview, Sandy Trust, Director of Sustainability Risk, Baillie Gifford joins the FinextraTV Unplugged studio to discuss how existing financial risk management disciplines align with the avoidance of environmental disruption through a crocodile analogy. As the lead author for a series of climate-related risk reports for The Institute and Faculty of Actuaries, he reflects on the reception of the papers and the challenges and optimisms ahead.
Fintech Finance
APRIL 8, 2025
PayFuture Group , a rapidly growing payment provider specialising in emerging markets, has secured an Electronic Money Institution ( EMI ) license by the Malta Financial Services Authority (MFSA) under the entity PayFuture FS MT Ltd. ( PayFuture ). The license approval marks a major milestone in PayFuture Group’s growth strategy, enabling EU merchants to expand their global reach into emerging markets through alternative payment methods (APMs) and with future capabilities to support card p
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Clearly Payments
APRIL 8, 2025
Payments may seem like a back-office function, but for enterprises, they can quietly eat into margins, frustrate customers, and bog down operations. Whether you’re dealing with complex billing models, global expansion, legacy systems, or escalating processing fees, payment challenges grow with scale. Thats where a payment consultant comes in and its exactly how Clearly Payments helps enterprises take control of their payment systems, streamline operations, and unlock savings.
Stax
APRIL 8, 2025
For many small business owners, credit card processing fees may seem like a hefty price to pay for providing convenience to customers. Even if you consider them to be a cost of doing business, credit card fees can quickly eat away at your already slim profit margins. Merchants paid a record $172 billion in payment processing fees in 2023. This figure may continue to climb as inflation rises and credit card networks boost their processing rates.
Bank Automation
APRIL 3, 2025
The proposed $35 billion merger between Capital One Financial Corp. and Discover Financial Services cleared a major regulatory hurdle as the US Justice Department told financial regulators in a confidential memo that it didnt have sufficient evidence to block the transaction. The DOJ memo to the Federal Reserve and Office of the Comptroller of the […] The post Capital One-Discover deal waved ahead by antitrust officials appeared first on Bank Automation News.
Fintech Finance
APRIL 8, 2025
Stripe , a financial infrastructure platform for businesses, announced a strategic partnership with Luckin Coffee , China’s leading coffee chain, to support its international expansion plans. Leveraging Stripe’s scalable infrastructure, technical support, and localization capabilities, Luckin Coffee has established a robust cross-border payment system to power its growth in Singapore and Malaysia.
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
The Payments Association
APRIL 2, 2025
More than three quarters of British payments platforms are losing more than 5% of their revenue to fraud every year, according to a survey of senior UK financial services fraud professionals. The survey, which forms the basis of the ‘Global Industry Pulse Report’ published by identity verification specialist Veriff, found that online fraud is a growing threat to UK businesses, with 73% suffering a negative hit to their revenue over the past 12 months.
NFCW
APRIL 3, 2025
CONT ACTLESS: UK consumers used the technology more frequently in 2024 and their average spend was greater A record 94.6% of all eligible in-store card transactions were made using contactless in the UK in 2024, Barclays reports, “surpassing the previous years record of 93.4%” Shoppers also used the technology more frequently in 2024 on average, 236 times across the year compared to 231 times in 2023.
Fintech News
APRIL 2, 2025
A consortium of central banks has formally established Nexus Global Payments (NGP) in Singapore to manage a new multilateral cross-border payment system. The founding members are the Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore (MAS), and the Bank of Thailand. NGP, incorporated as a non-profit company limited by guarantee, will oversee the operationalisation of the Nexus scheme.
Finovate
APRIL 3, 2025
Money movement innovator Wise Platform has partnered with UK-based digital bank Zempler Bank. The partnership will enable Zempler Bank to launch a new Outbound International Payments service that will allow its customers to make international payments in both USD and EUR. Wise has 16 million individual and business users around the world. The London-based company made its Finovate debut at FinovateEurope 2013.
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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?
Fintech Finance
APRIL 8, 2025
A 381% increase* in experience day bookings were seen online over the weekend (5th and 6th April) ahead of the Easter School Holidays, according to Checkout.com. Checkout.com processes billions of transactions for thousands of companies that shape the digital economy worldwide. Its network of merchants includes some of the nation’s most notable brands, including GetYourGuide and Rail Europe.
The Payments Association
APRIL 7, 2025
SNEAK PEAK: Unveiled: Key Financial Crime 360 findings July 16, 2024 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The findings of the Financial Crime 360 survey, focusing on the challenges, prevalent fraud types, and strategic responses across various sectors. Why is it important? It underscores the critical need for advanced technologies, regulatory compliance, and comprehensive strategies to effectively combat financial crime and safeguard the financial ecosys
NFCW
APRIL 2, 2025
Adoption of digital travel credentials (DTCs) will reach 15% globally by 2034 “as technical specifications, solidification of supporting infrastructure, growing digital maturity, and deepening interoperability converge to prime the digital ID space,” ABI Research predicts. While Digital Travel Credentials (DTCs) are a natural evolution from e-passports, their implementation will be gradual due to the security-sensitive nature of travel, border control, and immigration,” the res
Fintech News
APRIL 2, 2025
ASG2 Pte Ltd, a subsidiary of Singapore-based business finance platform Aspire , has received a Capital Markets Services (CMS) License from the Monetary Authority of Singapore (MAS). The license enables the company to offer regulated investment solutions to businesses in Singapore. Aspire plans to roll out a new investment feature called Aspire Yield , integrated into its existing business accounts.
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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.
Bank Automation
APRIL 2, 2025
Payments solutions provider Spire has launched a pay-by-bank solution designed to cut transaction fees and boost consumer rewards. The Pay with Spire platform uses the Discover Network to facilitate ACH point-of-sale transactions with 50%-90% lower merchant processing fees than the respective industry averages of 2.5% and 1.7% for credit and debit card transactions, Matt Brennan, […] The post Discover, Spire cut merchant processing fees by up to 90% appeared first on Bank Automation News.
Fintech Finance
APRIL 7, 2025
Mastercard announced a strategic collaboration with PayTabs Group to facilitate digital payment solutions for small and medium enterprises in Egypt. Through this collaboration, PayTabs will leverage Mastercard’s global network and digital payments capabilities to provide merchants with a while-labelled digital payments platform. This solution is designed to elevate payment acceptance capabilities for small and medium enterprises, driving the widespread adoption of contactless payments whil
The Payments Association
APRIL 8, 2025
SNEAK PEEK: Fraud unveiled: Key takeaways from merchant roundtable discussion January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp Whats the article about? A roundtable discussion among merchants addressing the evolving challenges of fraud in their operations across various sectors. Why is it important? It highlights the necessity of advanced fraud detection and greater industry collaboration.
Finextra
APRIL 8, 2025
Wealthyhood announces a 3.6 million Seed round, led by Global Wealth Group as a strategic investor and joined by Genesis Ventures and a group of 20 leading angel investors from the UK, Greece, and Europe, including Dimitris Georgakopoulos and the Helidoni Group, Philippos Kourkoulos Latsis, Dimitris Tryfon and T-Life Capital, Alan Morgan, Thanasis Papangelis and Thanasis Misdanitis leading a group of angel investors.
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.
Fintech News
APRIL 3, 2025
Ripple announced it has added its US dollar-backed stablecoin, RLUSD, to its Ripple Payments platform to support enterprise cross-border transactions using the digital asset. RLUSD, launched in December 2024, is designed primarily for business applications rather than retail use. Ripple said the stablecoin is aimed at improving the speed and reducing the cost of international payments processed through its network.
NFCW
APRIL 2, 2025
Close to nine in ten (87.1%) of all card payments made in Ireland last year were contactless and more than half of those were made using an NFC mobile phone, Banking & Payments Federation Ireland (BPFI) reports. “Over 1.5bn contactless point of sale (POS) payments, valued at 26.7 billion, were made in shops, restaurants and other retail outlets in 2024,” the organisation says.
Fintech Finance
APRIL 4, 2025
PayJunction , a leading tech-focused payments company, has announced an integration with Zapier , the workflow automation platform for businesses of all sizes, that enables the creation of custom, scalable automations that meet their unique business needs in minutes. Through this integration, PayJunction merchants can now replace tedious manual workflows with powerful automations that seamlessly fit with their current systems and tech stack. “Combining our people-first approach to payments
The Payments Association
APRIL 8, 2025
SNEAK PEEK: In the mind of the merchant: Top challenges and priorities for the next 12 months September 29, 2024 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The challenges and priorities facing merchants in the evolving payments landscape over the next 12 months. Why is it important? It highlights key trends, such as open banking, tokenisation, and fraud prevention, which are crucial for merchants to remain competitive and secure.
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
Bank Automation
APRIL 3, 2025
Nearly 75% of banks are actively exploring the deployment of gen AI technologies according to a Temenos report published today. The study, conducted by Hanover Research, surveyed 420 business and technology leaders in financial services in February and indicates that 36% of banks have already implemented or are implementing gen AI, while an additional 39% […] The post Survey reveals 75% of banks exploring gen AI use appeared first on Bank Automation News.
Fintech News
APRIL 8, 2025
Airwallex , a global financial technology platform, is reportedly preparing to pursue banking licenses in the U.S. and the U.K. as part of a broader plan to expand into lending, according to a recent report by the Financial Times. The move signals a significant shift in strategy for the firm, which has historically operated using payment licenses. PYMNTS notes that the companys new direction could position it to offer a wider range of financial services.
Finovate
APRIL 8, 2025
AI-powered anti-money laundering (AML) company Hawk has raised $56 million in Series C funding. The investment will fuel product innovation for the Munich, Germany-based fintech, as well as power the company’s expansion plans. Hawk made its Finovate debut at FinovateSpring 2022 in San Francisco. The company was founded in 2018. Hawk , a company offering AI-powered anti-money laundering (AML), screening, and fraud prevention solutions, has secured $56 million in Series C funding.
Fintech Finance
APRIL 4, 2025
FIS ® (NYSE: FIS), a global leader in financial technology, today announced that its Premium Payback solution has been chosen to power the real-time rewards redemption process for Bilt. Launched in 2021, Bilt is the pioneering payments and commerce network that transforms housing and neighborhood spending into rewards and benefits for everyone involved.
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
In this webinar, Brad Pinneke, Vice President of Business Development at Payrix and Worldpay for Platforms, will dive into the 7 must-have criteria for evaluating payments partners, helping you maximize both efficiency and the long-term value of your investment. From assessing technology capabilities to leveraging business development opportunities, this session will give you a clear, actionable strategy to select the right partner for scaling your business.
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