Thu.Jul 18, 2024

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Marble Insurance Maintains PCI Compliance with Basis Theory

Basis Theory

With dozens of personal lines of insurance and an overwhelming amount of policy options, Marble developed a Super App for all personal insurance policies. Marble is responsible for maintaining the personal insurance data of their users and, in return, provides quotes and comparisons, essentially acting as a licensed insurance agency underneath the hood of a tech company.

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UK RTGS Chaps goes down

Finextra

The Bank of England says a 'global payments issue' dealyed high value payments, including house purchases, processed through the national real-time gross settlement system Chaps.

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CFPB proposes earned wage access rule

Bank Automation

The Consumer Financial Protection Bureau proposed an interpretive rule affecting earned wage products, or paycheck advance products, ensuring that employees are aware of costs and fees for these services, according to today’s CFPB release. Paycheck advance products allow employees real-time access to earned wages.

CFPB 127
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Opponents of Capital One-Discover merger to air grievances

Payments Dive

Consumer advocates say the merger will stifle competition and give the combined company an easy avenue to raise fees on card payments.

Consumer 127
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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

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Bank of England warns CHAPS payment system experiencing delays

Bank Automation

The Bank of England warned that its CHAPS service — one of the largest high-value payment systems in the world — has been affected by a global payments issue, causing some large, time-sensitive payments to be delayed.

Payments 122
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Everything You Need to Know about PayPal Buy Now Pay Later [aka PayPal Pay Later]

Stax

Picture this. You’re casually browsing the Bed Bath & Beyond online store when you suddenly come across a fantastic offer on a lounge chair you’ve been eyeing for a while. Unfortunately, your primary credit card is maxed out, and there’s a slim wiggle room on the other. The offer is too good to pass up and you likely won’t see it again for a while.

PayPal 88

More Trending

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Singapore to Inject S$100M into Quantum and AI Development for Financial Services

Fintech News

The Monetary Authority of Singapore (MAS) announced an additional commitment of S$100 million under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to support the development of quantum and AI technologies within the financial sector. This investment aims to advance innovation and adoption of these technologies in financial services.

AI 115
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Freebnk tokenizes real estate for fractional investments

Finextra

FreeBnk, the fintech platform offering affordable financial services for crypto investors, launches its tokenized RWA (real-world asset) platform to enable its clients to invest in real estate through fractionalized ownership.

FinTech 97
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Alchemy Pay Now Allows Crypto Payments Directly from Exchange Accounts

Fintech News

Alchemy Pay, a provider of fiat-crypto payment solutions, now allows users to connect their exchange and brokerage accounts, such as Coinbase, Kraken, and Robinhood, to pay for orders using their crypto balances. This update aims to streamline the crypto payment process and improve user experience. The new feature also enables merchants to accept crypto payments through these methods, broadening the reach and flexibility of Alchemy Pay ‘s services.

Accounts 106
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CNBC Names Trustly a Top 250 Fintech Company for 2024

Fintech Finance

Trustly has been listed by CNBC as one of the world’s top 250 fintech companies for 2024, highlighting the growing recognition of Trustly’s strong performance in recent years. CNBC worked with market research firm Statista to list the leading 250 fintechs globally as part of CNBC’s World’s Top Fintech Companies 2024 report. This is the second time that CNBC and Statista have published the report, with Trustly also awarded in the first edition released in 2023.

FinTech 98
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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.

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MAS to fund quantum and AI projects for financial sector

Finextra

The Monetary Authority of Singapore is to commit $100 million in grant funding to support the development of AI and quantum computing technologies in the financial sector.

AI 87
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Coast Raises $40 Million Series B to Accelerate Adoption of Modern Fleet Payments

Fintech Finance

New York-based Coast , which offers a simple and smart way for companies in the United States to manage fuel and fleet spending, today announced it has raised $40 million in new Series B financing, led by ICONIQ Growth. The round included participation from existing investors Accel, Insight Partners, Vesey Ventures, and Avid Ventures, as well as new investors Thomvest.

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70% of Citizens applications will be cloud-based by 2024

Bank Automation

Citizens Bank is deploying generative AI and migrating operations to the cloud as part of its cost-saving and efficiency measures. The bank reported that 70% of its applications will be on the cloud by the end of 2024 and it aims to deploy generative AI to increase efficiencies at its call centers.

AI 81
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Toyota Financial Services Italy Partners with Fabrick and Fintech District

Fintech Finance

Toyota Financial Services Italy , the financial division of the Toyota Group, becomes a Corporate partner of Fintech District , the international reference community for the Fintech and Techfin ecosystem in Italy. This partnership aims to explore new growth and investment opportunities through innovative projects in synergy with fintech entities. The vision is of a future where cars, through the integration of Embedded Finance services that facilitate payments, financial flow management, and dat

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes

Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! Customer loyalty isn’t just earned - it’s cultivated through meaningful engagement with the help of data. This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention.

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CFPB to apply lending laws to EWA

Payments Dive

The federal agency weighed in Thursday with a proposed rule to oversee the burgeoning earned wage access industry.

Laws 88
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Boku Announces Appointment of New Chief Financial Officer

Fintech Finance

Boku , a leading provider of global mobile payment solutions, is pleased to announce the appointment of Rob Whittick as its new Chief Financial Officer with immediate effect. Rob, a Chartered Accountant, joins the Boku executive team and Board having spent over 25 years at Natwest Group plc (formerly Royal Bank of Scotland Group plc) where he held a number of senior roles, including Finance Director for Commercial and Private Banking from 2014 – 2019, which accounted for £5.7bn annual rev

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EU Trust Infrastructure and Cyber Security

Finextra

Trust over IP started off to put users in charge of their information but much also because it was e.

Security 105
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wamo Secures $5 Million in Funding and EMI License to Fuel Growth Across Europe

Fintech Finance

wamo , a leading digital business account provider for SMEs, today announces that it has secured a bridge to Series A round of $5 million USD in growth funding, as well as an EU Electronic Money Institution (EMI) license from FIN-FSA (Finland’s Financial Supervisory Authority), positioning the company for accelerated growth across Europe. Joining the round as a new investor is Turkish VC firm Logo Ventures, along with returning investors Finberg, the corporate venture investment division of Turk

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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NatWest launches banking app on Apple Vision Pro

Finextra

Natwest has made its banking app available on Apple Vision Pro, the tech giant's smart googles which blend digital content with the physical world to create new immersive experiences.

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Ecommpay and Mastercard Collaborate to Launch Click to Pay Integration

The Fintech Times

Ecommpay , an end-to-end payments platform, has fully integrated the Click to Pay flow within its online payment interface, in collaboration with Mastercard. This integration aims to enhance security and streamline the payment process for merchants and their customers. Fifty five per cent of shoppers say checkout friction is frustrating enough for them to quit a purchase mid-process.

Visa 72
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Standard Chartered joins Hong Kong stablecoin sandbox

Finextra

Standard Chartered is among the firms picked to join Hong Kong's new stablecoin issuer sandbox. The announcement comes a day after the island's regulators said they will soon propose a regulatory regime for stablecoin issuers.

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Adastria Group Chooses Stripe to Power Its Secondhand Marketplace

Fintech Finance

Stripe , a financial infrastructure platform for businesses, today announced that it has been selected by Adastria Group to power the Japanese apparel company’s new secondhand clothing marketplace, dot-C. Adastria, which recently celebrated its 70th anniversary, operates a chain of clothing stores in Japan, China, Taiwan, Hong Kong, and the United States.

Blocks 94
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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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Dance floor for all data

Finextra

Data - and lately especially verified data - has for many years been a top priority in national and.

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Behind the Idea: Sidekick

The Fintech Times

UK wealthtech Sidekick recently raised a combined £8.5million in a seed round, as it looks to expand its product lineup, scale its team and secure a European licence. In this week’s Behind the Idea, Matt Ford , co-founder and CEO of Sidekick, takes us behind the scenes of the firm and breaks down its offering, evolution, as well as its biggest achievements and problems.

Product 64
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Silverflows appoints Dagmar van Ravenswaay Claasen as cchairrperson

Finextra

Silverflow, a leading cloud platform for global card processing, has today announced the appointment of Dagmar van Ravenswaay Claasen as the Chairperson of its supervisory board.

Process 64
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Ajman Transport taps BPC to digitalise public transport payments

The Paypers

The UAE Ajman Transport Authority has partnered with payment solutions provider BPC to digitalise public transport payments through O-CITY.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Diebold Nixdorf supplies self-service checkouts with age verification for unmanned shop in Germany

Finextra

It is now possible to quickly pick up a packet of flour or a bottle of wine around the clock – including weekends – in the village of Freckenfeld (Rhineland-Palatinate, Germany).

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Streamly: Community Banks, Credit Unions, and Big Tech Partnerships

Finovate

Our Streamly series of interviews continues with four more conversations from fintech and financial services professionals who spoke at FinovateSpring earlier this year. For more from Streamly and FinovateSpring, check out our blog post from last week, AI in Financial Services: Automation, Profitability, and Fraud Prevention. Unlocking advertising potential: Financial services on Amazon Chief Revenue Officer at Revive Media Danielle Shamos discusses strategies to reach targeted audiences and how

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myZoi Backs Underbanked With Digital Wallet Launch to ‘Reconnect Banking With Society’s Needs’

The Fintech Times

After successfully raising $14million in 2023, myZoi , a UAE-based fintech focused on financial inclusion and financial literacy for the underbanked, has launched its first inclusive digital wallet. The new digital wallet promises to reduce remittance fees for underbanked employees, offering a new transfer capability enabling users to send money home to up to five people, for the cost of one. myZoi explained it hopes to ‘transform’ financial inclusion and financial literacy for the

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Stratyfy and Prism Data Team Up to Help Lenders Make Better Decisions

Finovate

AI technology company Stratyfy announced a strategic partnership with cash flow underwriting and data analytics platform Prism Data. Stratyfy will integrate Prism Data’s cash flow data and scoring to improve decision-making for lenders. New York-based Stratyfy won Best of Show at FinovateFall 2022. AI technology company Stratyfy has forged a strategic partnership with cash flow underwriting and data analytics platform Prism Data.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.