Fintech News

DECEMBER 9, 2024

He will continue to report to Jing and the board of directors. Antom, the merchant payment and digitization service, has seen its total payment volume nearly double year-on-year. Cyril Han, Ant Group s President and current Chief Financial Officer, will step into the role of CEO on 1 March 2025, according to Bloomberg.

Cross-Border 98

Cross-Border Embedded Finance Cross-Border Payments AI 98

Fintech Finance

JULY 12, 2024

They also represent the next major step for cross-border payment services, as the volume of cross-border payments also ramps up over the coming years.” GlobalData estimates that the total volume of cross-border transactions in Europe alone will increase by 58% between 2023 and 2028.

Cross-Border 116

Cross-Border Real Time Payments Cross-Border Payments Cross-Border Settlement 116

The Fintech Times

NOVEMBER 4, 2024

million users, or almost 63 per cent of the population in mid-July 2022 QR-based payments also experienced a surge, with transaction volume increasing nearly 200 per cent from Rs 7.76 The post Can Nepal Continue Building Fintech Foundations to Support Economic Development and Growth? billion ($570million) in 2022 to Rs 20.77

Continuity 59

Continuity FinTech Payment Service Provider (PSP) Mobile Banking 59

The Fintech Times

SEPTEMBER 12, 2024

In both cases, the volume of Pix transactions is catching up to the percentage of credit cards. ” The post Brazil’s Pix Set to Surpass Credit Cards by 2025 as Rapid Growth Continues, EBANX Reveals appeared first on The Fintech Times.

Credit Cards 69

Credit Cards Continuity Instant Payments Central Bank 69

Clearly Payments

NOVEMBER 6, 2024

payment processing landscape, covering market size, merchant demographics, transaction volumes, major players, and key trends shaping the industry. payment processing market remains a major player in the global economy, with transaction volumes that highlight the sector’s vast scale and continued expansion. trillion 2019 $4.0

Process 95

Process ISOs Credit Cards Online and Mobile Banking 95

Fintech Finance

AUGUST 15, 2024

So far, over 1,000 banks and credit unions have signed on with either the RTP or FedNow networks, or both, and instant payment volume continues to grow. Today, Modern Treasury’s customers move over $1 billion in instant payments volume annually.

Instant Payments 91

Instant Payments Treasury RFP RTP 91

Fintech News

DECEMBER 10, 2024

Airwallex, a global payments platform, has reported significant growth across the APAC region, with an 83% year-on-year revenue increase and a 49% rise in transaction volume in the third quarter. Globally, the company achieved a 73% rise in revenue and a 60% increase in transaction volume over the same period.

APACS 102

APACS Volume Transactions Participant 102

Fintech News

FEBRUARY 8, 2024

The volume of fintech deal activity in 2023 fell by approximately 70% from its peak in 2021 , closely mirroring the figures from five years earlier. A decline in M&A volume was largely responsible for this downturn, with fewer deals exceeding US$1 billion being announced. Insurtech 2.0

FinTech 95

FinTech Embedded Finance B2B Volume 95

Fintech Finance

JULY 1, 2024

However, trillions in payment volume are shifting from old-school solutions to modern software platforms with embedded financial services. I’m thrilled to support them as they continue modernizing embedded payments.” Their growth continues to be driven primarily by word of mouth as SaaS leaders refer their peers.

Embedded Payments 86

Embedded Payments Volume Processors Verification 86

The Fintech Times

JULY 8, 2024

Despite this increase, the number of deals continued to decline, marking the ninth straight quarter of decreases with only 6,230 deals. This figure represents less than half the deal volume recorded at its peak in Q1 2022. China was particularly affected, with funding decreasing by more than half QoQ.

AI 115

AI Volume Continuity Accounts 115

Fintech Finance

DECEMBER 9, 2024

It is committed to driving inclusive growth through open collaboration and continuous innovation. Total payment volume (TPV) of Antoms direct acquiring services nearly doubled between January and November 2024 over same period of 2023. Antom continues to strengthen its payment processing capabilities across all payment channels.

Embedded Finance 82

Embedded Finance Cross-Border AI Cross-Border Settlement 82

Stax

DECEMBER 12, 2024

Merchant service accounts and how they work Merchant service providers assess your credit history, business type, and expected transaction volume during application. Simplified payment management Global cash usage dropped by 80% in 2019 and continues to decrease by 4% each year. Once approved, you get access to your merchant account.

Small Business 88

Small Business Online and Mobile Banking Volume Checks 88

Fintech News

FEBRUARY 8, 2024

The volume of fintech deal activity in 2023 fell by approximately 70% from its peak in 2021 , closely mirroring the figures from five years earlier. A decline in M&A volume was largely responsible for this downturn, with fewer deals exceeding US$1 billion being announced. Insurtech 2.0

FinTech 85

FinTech Embedded Finance B2B Volume 85

Fintech Finance

AUGUST 1, 2024

In an evolving competitive context, we have continued our journey of revenue and margin growth, significantly increasing the cash generation, even net of growth investments in the business. Y/Y, supported by volumes despite lower projects than last year during the same period. The Board of Directors of Nexi S.p.A. billion, +3.8%

Volume 90

Volume Non-Bank Returns Correspondent 90

Fintech News

SEPTEMBER 9, 2024

million this year, with its average monthly trading volume increasing by 138%, reflecting steady growth and trust in the platform. Yudhono Rawis Yudhono Rawis, CEO of Tokocrypto, added, “Over the past two years, Tokocrypto has continuously strengthened its commitment to maintaining high standards of regulatory compliance.

Web 3.0 102

Web 3.0 Regulations Regulatory Compliance Volume 102

Fintech Finance

JULY 11, 2024

Visa will continue to offer BPN access to its financial institution clients to streamline the B2B digital payments process for their corporate customers. Suppliers benefit from eliminating manual virtual card processing and optimized acceptance costs, while buyers can transact using their preferred payment method.

Payment Networks 77

Payment Networks Business Payments Remittance Data B2B 77

Fintech News

AUGUST 29, 2024

These updates come as Stripe continues to grow its presence in Asia, where the company reported a 28% year-on-year increase in the number of businesses processing US$1 million or more in payment volume on its platform. Sarita Singh “Last year, cross-border payment volume in Asia on Stripe grew more than 30%.

Fraud Prevention 102

Fraud Prevention AI Cross-Border Cross-Border Payments 102

Fintech News

JANUARY 7, 2024

The stolen assets are then transferred to wallets under their control, often converted to cryptocurrencies like USDT or Tron, and then exchanged for hard currency using high-volume OTC brokers. Moreover, the DPRK has been continually evolving its money laundering tactics to evade international law enforcement.

OFAC 93

OFAC Law Enforcement Money Laundering Cryptocurrency 93

Tearsheet

FEBRUARY 16, 2024

“Beyond extending our partnership with Mastercard, we intend to partner on innovating for the banks that use the network by looking for additional use cases that they’ve expressed interest in and that would help drive volume across RTP,” said Lee Alexander, Executive VP and CIO at The Clearing House.

Instant Payments 119

Instant Payments RTP Visa TCH 119

Fintech Finance

JULY 23, 2024

The agreement will see ACI continue to provide critical infrastructure to Worldpay to support merchants worldwide. Through ACI’s innovative, market-leading payments software solutions, Worldpay will continue to offer market-leading stability and payments acceptance for its global merchants.

Real Time Payments 85

Real Time Payments Volume CHIPS Process 85

Fintech Finance

JULY 10, 2024

The RTP network also experienced a record 82 million transactions in the second quarter, valued at a record $55 billion, as financial institution customers continued to use the network for all types of instant payments. RTP Network Records: Second Quarter 2024 Single Day Value: $1.1

RTP 74

RTP Instant Payments Credit Union Volume 74

The Payments Association

OCTOBER 28, 2024

Complementing their technology advantage, fintech companies have also adopted agile development methodologies that prioritise rapid prototyping, continuous integration, and frequent customer feedback. Transaction volumes have surged, and there is a need for quick introduction of new payment products.

Process 100

Process Payment APIs and Integration Processors Payments 100

Fintech News

JULY 24, 2024

billion in client assets, experienced two-fold increase in crypto spot trading volumes and a 500% rise in crypto derivatives trading, as well as a significant rise in loan volumes, exceeding 360% year-to-date. The company, which manages approximately US$4.5 said Martin Burgherr, Sygnum’s Chief Clients Officer.

Volume 88

Volume Regulations Settlement Bitcoin 88

The Fintech Times

JANUARY 18, 2024

Neo also saw cleared volume double in just under a year, reaching over €7billion in 2023 alone, highlighting the growing demand from businesses for alternative banking options. Being financially independent will help us continue to grow our success and enhance our offering as we rebuild corporate finance from the ground up.”

Multi-Currency 109

Multi-Currency Cross-Border Payments Bank Identification Code Cross-Border 109

Fintech Finance

JULY 23, 2024

The following chart shows payment volumes across different payment methods from 2013 to 2023. Card volume increases were driven by several factors, with much of the trend towards an increased number of lower value payments being focussed on consumer retail card spending. Consumers made 85 per cent of the total number of payments (41.0

Contactless Payments 85

Contactless Payments Online and Mobile Banking Debit Card Payments 85

Fintech News

SEPTEMBER 17, 2024

According to a recent report by PwC India, retail digital payments have surged 90-fold over the last 12 years, with transaction volumes expanding at an impressive annual rate of 40%, while the value of these transactions increased by 35% each year. India’s digital payment landscape has seen remarkable growth over the past decade.

Digital Payments 92

Digital Payments Credit Cards Payments Online and Mobile Banking 92

Fintech Finance

NOVEMBER 12, 2024

and 9% respectively, from September, as financial institution customers continued to enjoy the ease and speed provided by instant payments on the network. These new records continue an impressive trend for the RTP network, which previously set numerous payment volume and value records in each quarter this year. billion, up 6.2%

RTP 76

RTP Instant Payments Real Time Payments Payments 76

The Fintech Times

MAY 26, 2024

These challenges are reinforced by data reported in an EBA Opinion Paper published on 29 April 2024 which states that for both cards and credit transfers “cross-border fraud rates in volume are about nine times higher than for domestic transactions”.

Cross-Border 129

Cross-Border Non-Bank Regulations Payments 129

Fintech Finance

SEPTEMBER 16, 2024

Ecospend will continue to offer its Open Banking solutions to enhance parts of HMRC’s payment processes and deliver innovative data solutions for taxpayers. Our technology will allow HMRC to continue to offer a simple, fast, and secure payment experience.”

Payment Reconciliation 86

Payment Reconciliation Reconciliation Governance Government 86

Fintech News

APRIL 28, 2024

With a daily trading volume of US$44.5 Despite these challenges faced during the recent “crypto winter,” which saw a significant downturn in the cryptocurrency market, Bitkub reported a profit in 2022 and continues to invest in the Thai startup ecosystem.

Underserved 120

Underserved Cryptocurrency Economy Use Case 120

Fintech News

APRIL 23, 2024

The move is in response to growing transaction volumes in the global B2B travel market, which are expected to hit US$1.7 Over the past year, Nium has reported a doubling in revenue from travel customers in APAC and a 75% surge in virtual card transaction volumes. trillion by 2027.

APACS 89

APACS Payment APIs and Integration Cross-Border Payments Cross-Border 89

The Fintech Times

JANUARY 17, 2024

To kick off 2024, The Fintech Times is exploring how the world of AI may continue to impact the fintech industry and beyond throughout the coming year. “It has enabled us to process large volumes of data for better decision-making, automate key processes, and deliver personalised experiences to clients.

AI 128

AI FinTech Underwriting Due Diligence 128

Fintech Finance

DECEMBER 6, 2024

Consumers have come out in force again this Black Friday, while fraudsters have continued to target bargain hunters. In the UK, Visa saw an 11% increase in transaction volumes on Black Friday 2024 compared to Black Friday 2023. This is also an increase of 16% compared to an average Friday.

Blocks 94

Blocks Volume Transactions Consumer 94

Fintech Finance

AUGUST 29, 2024

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced a 142% year-over-year increase in remittance-related transaction volume through its platform. We are proud to hold the trust of leading remittance brands in a rapidly expanding global industry.”

Cross-Border Payments 72

Cross-Border Payments Cross-Border Transactions Verification 72

The Fintech Times

FEBRUARY 22, 2024

Additionally, AI and machine learning will both be able to identify potentially fraudulent activities in real-time and continually learn from past transaction data, allowing businesses to be better equipped and more proactive in preventing fraud from occurring.” Instead, banks and fintechs must adopt proactive and pre-emptive measures.

Cross-Border Payments 136

Cross-Border Payments Cross-Border AI Payment Security 136

Fintech Review

MAY 7, 2024

It demonstrates remarkable proficiency in analysing vast volumes of transaction data, adeptly identifying intricate and subtle patterns that suggest fraudulent activities—patterns that conventional methods may often overlook due to their limitations. This dynamic learning process allows them to adapt and improve continuously.

AI 98

AI FinTech Risk Assessment Fraud Detection 98

Fintech Finance

OCTOBER 17, 2024

Transaction volume on Zelle increased by 27% year-over-year to over 1.7 Early Warning Services , LLC., billion transactions sent by individuals and small businesses across the network.

Zelle 80

Zelle Scams Small Business Enrollments 80