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What is Finance Transformation and How Can it Improve Your Processes?

The Finance Weekly

Still stuck with outdated, manual financial processes that eat up your time and increase the risk of costly errors?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?

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FOMO Pay Adds Vietnam to Cross-Border Network with Launch of VND Accounts

Fintech News

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

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Shopify Launches Affirm Powered Instalment Payment Options to Customers in Canada

The Fintech Times

Affirm , a payment network aiming to empower consumers and help merchants drive growth, is teaming up with Shopify , the internet infrastructure for commerce provider, to enable merchants in Canada to offer customers the option to pay in instalments. Shopify merchants in Canada with early access can now offer Shop Pay instalments, powered by Affirm, to shoppers, marking the products first availability outside the US.

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CurrencyFair Selects tell.money to Enhance Open Banking Capabilities for Seamless Global Money Transfers

Fintech Finance

With demand for faster, more secure international payments growing, CurrencyFair has selected tell.money to support its open banking integration, ensuring customers benefit from a smoother, more efficient way to send money across borders. CurrencyFair provides fast, secure, and cost-effective money transfers to over 150 countries in more than 20 currencies, offering an alternative to traditional banking fees and delays.

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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

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.

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Ripple Moves into Prime Brokerage with Hidden Road Acquisition

Finovate

Ripple will acquire Hidden Road for $1.25 billion, making it the first crypto company to own and operate a global, multi-asset prime broker. The acquisition expands Ripple’s offerings beyond payments into trading, custody, and lending services, providing financial institutions the infrastructure they need for crypto adoption. Between recent regulatory shifts in the US and Hidden Roads capabilities, Ripple is positioning itself to become a full-service financial hub as digital assets gain m

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SNEAK PEAK: PAY360 state of payments survey 2024 findings revealed​

The Payments Association

SNEAK PEAK: PAY360 state of payments survey 2024 findings revealed August 22, 2024 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The findings of The Payments Association’s State of the Industry 2024 survey, which examines the current state and future challenges of the payments industry. Why is it important? It provides crucial insights into emerging trends, challenges, and opportunities in the payments sector, helping stakeholders make informed decisions.

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Financial Risk Management and the Environmental Crocodile Analogy

Finextra

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.

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ACI Worldwide Survey Shows Nearly 40% of Taxpayers Will Use Refunds for Debt Relief

Fintech Finance

A new income tax survey from ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, developed in partnership with YouGov , shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.), suggesting that the inflationary economy is eroding disposable income as Americans turn to tax refunds for debt relief.

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Security Bank Collaborates with Entrust to Enhance eKYC and Digital Onboarding

Finovate

Philippines-based Security Bank has announced a new collaboration with Entrust. The partnership will help the financial institution enhance its electronic Know Your Customer (eKYC) and digital onboarding processes. Headquartered in Minneapolis, Minnesota, Entrust is a veteran of Finovate’s developer conferences in 2015 and 2016. Identity-as-a-Service (IDaaS) innovator Entrust has entered into a new collaboration with leading Philippines-based financial institution Security Bank.

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Credit Card Processing Rates: How Much Does It Cost to Process Payments in 2025?

Stax

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.

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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

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Airwallex Reports 153% Revenue Growth in Singapore for 2024

Fintech News

Airwallex , a global financial technology platform, reported a 153% year-on-year revenue increase in Singapore for FY2024. The company attributed the jump to strong transaction volumes and a particularly robust fourth quarter. The global payments and financial platform said revenue in Q4 2024 rose 215% year-on-year, while transaction volumes were up 192% during the same period.

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Webinar: Citi Ventures’ strategy in a volatile market

Bank Automation

Citi Ventures remains focused on investments that generate both strategic and financial returns, prioritizing long-term value over short-term fluctuations. The venture arm of $1.7 trillion Citi monitors market volatility closely, but its core mission is identifying and backing sustained, strategic value regardless of short-term market fluctuations, Jeff Flynn, director for venture investing at Citi Ventures, […] The post Webinar: Citi Ventures strategy in a volatile market appeared first o

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Schwarzwald Capital Announces Strategic Investment in Vesta to Enhance Fraud Prevention in Digital Payments

Fintech Finance

Schwarzwald Capital , a leading venture capital firm focused on fintech and the creator economy, has announced a strategic investment in Vesta , a global leader in transaction guarantee solutions for online and other card-not-present transactions. Operating across more than 40 countries and processing over 100 million transactions annually, Vesta has been at the forefront of digital fraud prevention for nearly three decades, ensuring seamless and secure online payments.

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How a Payment Consultant Helps Enterprises Optimize Payments Infrastructure, Operations, & Costs

Clearly Payments

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.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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The Top Payment Methods For Small Businesses

Stax

Question: what’s the best way for your business to get paid while satisfying your customer’s need for varied payment options and convenience? Answer: know the top modes of payment your customers prefer, and ensure you accept them. In this guide, well help you do just that by exploring all the major payment methods for small business. Well highlight the pros and cons of each payment medium to help you narrow down the right options for your company.

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Wise to Open Hyderabad Hub, Launches New Payment Feature for Indian Firms

Fintech News

Wise announced plans to open a new operational hub in Hyderabad, India, and has launched a new service for Indian businesses and freelancers to receive international payments. The Hyderabad office, described as a full stack hub, is due to open in the second half of this year and will support functions including product development, engineering, and operations.

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SNEAK PEAK: Unveiled: 2024 Key Financial Crime 360 findings

The Payments Association

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

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PayFuture Granted Full Approval for EU EMI License

Fintech Finance

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

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.

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Podcast: Banks push for cost-effective, multimodal AI tools

Bank Automation

Financial institutions are moving beyond pilot projects to implement production-grade, explainable and cost-effective AI solutions that can meet operational and regulatory demands. AI has evolved rapidly since fintech Arteria AI was founded in 2020, Amir Hajian, chief science officer, tells Bank Automation News in this episode of The Buzz podcast. The company provides banks with […] The post Podcast: Banks push for cost-effective, multimodal AI tools appeared first on Bank Automation News.

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Hawk Raises $56 Million in Series C Funding to Help Banks Fight Financial Crime

Finovate

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.

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Airwallex Reportedly Pursuing US, UK Banking Licenses

Fintech News

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.

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SNEAK PEEK: Fraud unveiled: Key takeaways from merchant roundtable discussion

The Payments Association

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.

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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.

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Mastercard and PayTabs Collaborate to Empower Egypt’s Small and Medium Enterprises Through Private-Labeled Digital Payment Solutions

Fintech Finance

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

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Wealthyhood raises €3.6 million in new funding round

Finextra

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.

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Hackers spied on 100 US bank regulators’ emails for over a year

Bank Automation

Hackers intercepted about 100 bank regulators emails for more than a year, gaining access to messages containing agency deliberations and sensitive details about banks it oversees, according to two people familiar with the matter. The attackers were able to monitor employee emails at the Office of the Comptroller of the Currency after breaking into an […] The post Hackers spied on 100 US bank regulators emails for over a year appeared first on Bank Automation News.

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Cambodia Joins Regional Payment Connectivity Initiative

Fintech News

The National Bank of Cambodia (NBC) has officially joined the Regional Payment Connectivity (RPC) initiative, marking a further step towards enhancing financial integration in Southeast Asia. This development follows the NBCs formal expression of interest to participate in the initiative. The announcement was made during the launch of the second phase of the Malaysia-Cambodia cross-border QR payment linkage, held on 8 April 2025 on the sidelines of the 12th ASEAN Finance Ministers and Central Ba

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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

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SNEAK PEEK: In the mind of the merchant: Top challenges and priorities for the next 12 months

The Payments Association

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.

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Luckin Coffee Partners With Stripe to Go Global Faster, Enabling a Seamless Customer Experience

Fintech Finance

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.

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

The Fintech Times

Artificial intelligence (AI) is helping organisations take their offerings to the next level, and reflecting on how it has done so over the last few years for itself, the US based financial institution, Bank of America has revealed that AI is now embedded across multiple business lines and areas including global technology, operations and training. Bank of America spends $13billion annually on technology, of which approximately $4billion will be directed to new technology initiatives in 2025.

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Chase’s Dimon warns of AI race with China

Bank Automation

As the world rushes to develop and deploy AI technology, JPMorgans chief executive issued a stark warning amid a shifting global economic order. We need to remain competitive with China in the artificial intelligence (AI) race by bolstering our technological advancements and reducing our reliance on Taiwan for semiconductor chips, Jamie Dimon wrote in his […] The post Chases Dimon warns of AI race with China appeared first on Bank Automation News.

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7 Essential Criteria for Choosing the Right Payments Partner

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.