Mon.Mar 25, 2024

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Swift hails results of CBDC connector testing

Finextra

Swift says a new round of sandbox testing has found that its central bank digital currency interlinking technology can enable financial institutions to carry out a wide range of transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.

SWIFT 132
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Coffee with the Council Podcast: A Reflection on 40 Years in the Payments Industry

PCI Security Standards

This episode of Coffee with The Council is brought to you by our podcast sponsor, Galix. Welcome to our podcast series, Coffee with The Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today, I am joined by Lance Johnson, who has been the Executive Director of The Council for more than six years and a member of the payments industry for more than 40 years.

Payments 113
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Maju Kuruvilla is out as CEO of one-click checkout company Bolt

TechCrunch Fintech

Maju Kuruvilla is no longer CEO of one-click checkout company Bolt. He is replaced by Justin Grooms, Bolt’s global head of sales, who is now interim CEO, according to Grooms’ LinkedIn profile. Kuruvilla didn’t have much to say about the change but did confirm it both on LinkedIn and X, by posting, simply “One-Click Checkedout […] © 2024 TechCrunch.

Posting 117
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Shaping the Future of Finance Through Open Banking

The Fintech Times

Open banking and open finance promise significant benefits for consumers and businesses alike. But what do firms need to do to ensure they make the most of the next future of finance? Here, Mark Horwood-James , managing director of personal finance technology at Moneyhub , the data and payments fintech, explains how open finance is changing the way business leaders approach tech investment.

Finance 115
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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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Goalsetter raises $9.6m to help families build wealth

Finextra

Goalsetter a US financial education platform focused on helping families learn how to spend, save and invest, has raised $9.6 million in a Series A extension round.

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Which Regions are Leading the Charge in Insurtech Innovation and Why?

The Fintech Times

This March, The Fintech Times is shifting its spotlight towards insurtech, exploring the potential impact of blockchain technology on insurance processes and its role in instilling trust in digital transactions. From established hubs like Silicon Valley and London to burgeoning markets in Asia-Pacific and Latin America, a convergence of regulatory support, technological prowess, access to capital and entrepreneurial culture is fueling the evolution of insurtech solutions.

More Trending

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JPMorgan seeks embedded payments niches

Payments Dive

The biggest U.S. bank aims to offer embedded payments software solutions in more industries for its corporate clients.

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Euroclear invests in blockchain company

Finextra

Post-trade group Euroclear has acquired a stake in Iznes, a pan-European, blockchain-based network within the asset management market.

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Navigating the consumer duty reporting requirements

The Payments Association

Azariah explores the type of information to be presented to the Board and, importantly, how the Board should respond. And, as per true, fscom-super-helpful style, we have two templates to share with clients and prospective clients alike.

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The Future of Payment Processing: What Businesses Can Expect in the Next Decade

National Processing

The future of payment processing is knocking on the door, and your business can take advantage of these innovations. Is it hard to keep up with all these changes? Yes, especially for business owners with limited free time, but this article will give you the key points so you don’t miss the most important changes […] The post The Future of Payment Processing: What Businesses Can Expect in the Next Decade appeared first on National Processing.

Process 88
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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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AI for good: Boosting payments compliance with technology

The Payments Association

AI has been a hot topic in the financial services sector for some time and the topic keeps gathering momentum. It is clear, AI has many potential use cases, such as: helping firms scale up their business; making better informed strategic business decisions; and supporting the efficient and effective delivery of regulatory compliance to name just a few potential use cases.

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The Silent Costs of a Traditional Financial Close (and Why It’s Time To Modernize)

FloQast

About the Author: Katie Thomas, CPA, is a content creator, 2021 & 2022 40 under 40 CPA Practice Advisor recipient, Top 50 Women in Accounting recipient, and the owner of Leaders Online, where they help accounting professionals increase their impact, influence, and income through thought leadership and digital marketing. Feel free to visit Leaders Online or connect with her on LinkedIn to get in touch with Katie.

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Essential Guide to Loan Management System: Efficiency, Scalability, Profitability

Finezza

Today, the lending landscape is promising for ambitious lenders. For instance, the estimated credit gap of INR 33 trillion in Micro, Small, and Medium Enterprises (MSMEs) presents an opportunity for lenders to service this sector more efficiently. However, existing systems cannot accurately underwrite MSME businesses due to their unique needs and lack of credit history.

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Danske Bank signs cloud deal with AWS

Finextra

Denmark’s Danske Bank has signed a multiyear agreement with Amazon Web Services (AWS) as part of a strategy to invest more in cloud technology.

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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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How Visa handled ‘BidenCash’ card fraud incident

Payments Dive

The card network giant identified 556,000 card accounts that were put at risk as a result of the cybercrime ring BidenCash’s release of data online in December.

Risk 88
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Highest Paid CFOs in the World in 2024

The Finance Weekly

Big companies used to hog all the CFO action, but now even small and medium-sized businesses are jumping on the bandwagon. Why the sudden CFO craze? Well, CEOs are cluing in on the fact that having a financial expert on board can steer their ship in the right direction and spur business growth. In a nutshell, companies are starting to view CFOs as smart investments rather than just expenses.

Finance 97
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Trust Bank Introduces AutoPay for Credit Card Repayments

Fintech News

Singapore’s digital bank Trust has rolled out AutoPay, a feature aimed at simplifying the process of credit card repayments for its users. This development allows Trust Bank ‘s users to set up automatic repayments for their credit cards with just a few clicks, provided they have a savings account. Trust Bank’s AutoPay feature is a straightforward setup process.

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Crypto Fraud Losses Rose to $3.9B in 2023, a 53% YoY Increase: FBI

Payments Dive

SEC enforcement actions against cryptocurrency players were up last year, but the commission is under attack for not issuing new rules for the industry.

FBI 88
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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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How Southeast Asia’s Leading e-Wallets Saved Up to 40% in Database Costs

Fintech News

As Indonesia’s fintech landscape expands, the industry faces a pivotal transformation driven by digital innovation and an increasing demand for more efficient, scalable financial services — such as the database architecture solution from OceanBase. In this rapidly evolving market, OceanBase emerges as a crucial technological ally. OceanBase offers a distributed SQL database platform that meets and exceeds scalability, performance, and cost-effectiveness requirements.

Database 107
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NatWest seeks out tech talent from under-represented communities.

Finextra

NatWest is working with Sparta Global to find and train technology talent from under-represented communities.

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Mobile Banking Malware on the Rise Amid Rapid Adoption

Fintech News

Mobile banking is a rapidly growing market that’s projected to hit a value of US$7 billion by 2032. However, this surge is being accompanied by a dramatic growth in mobile banking malware, as threat actors increasingly turn their focus on mobile banking applications for illicit financial gain, a new report by mobile security company Zimperium says. The 2023 Mobile Banking Heists Report, released in December 2023, provides an overview of the risks to mobile financial applications, highlighting th

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Ireland’s fintech funding slumps

Finextra

2023 saw a 94% decline in funding for Irish fintechs, according to recently published research.

FinTech 122
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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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Swift’s Sandbox Connector Trial Shows Promise in CBDC Development

Fintech News

Swift, the global financial messaging cooperative, revealed that the latest round of experiments conducted within a collaborative Central Bank Digital Currency (CBDC) sandbox has shown promising results for the application of CBDCs and digital tokens. Over the last six months, 38 global institutions participated in Swift’s CBDC sandbox, marking it as one of the most extensive CBDC experiments to date.

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Junior, senior coders split on the use of gen AI

Bank Automation

PNC Financial Services’ junior and senior coders are split on how much they can rely on generative AI for code generation and writing. Junior coders use gen AI for code writing more than senior coders, Scott Kinross, senior vice president and software engineering director at PNC Financial Services, said at Bank Automation Summit U.S.

AI 81
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Singapore Remains the Top Choice For Venture Capital in Southeast Asia

Fintech News

Southeast Asia is expected to remain an appealing destination to both private equity (PE) firms and venture capitalists (VCs), with Indonesia and Singapore remaining as the top choice for venture capital in Southeast Asia while Vietnam and Malaysia are gaining momentum. According to the “Southeast Asia: Private Capital Breakdown” report by PitchBook, Southeast Asia has become a compelling region for private capital investment in recent years, owing to the region’s fast-growing and diverse econom

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Arc planning global expansion

Bank Automation

Arc Technologies looks to expand its global footprint, grow revenue and gain business customers over the next five years. The digital bank plans to continue to partner with financial institutions “both in the U.S. and internationally,” Don Muir, co-founder and chief executive, said March 18 during a fireside chat at Bank Automation Summit U.S.

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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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Binance exec escapes Nigerian custody

Finextra

A Binance executive detained by Nigerian authorities last month has escaped, according to local media reports. Meanwhile, the West African country has charged the cryptocurrency exchange with a host of tax evasion charges.

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Embedded Banking and Generative AI: Two Top Trends in Banking and Insurance Technology

Finovate

Last month at FinovateEurope, I had the pleasure of conducting interviews with 14 professionals, entrepreneurs, and authors from the world of fintech and financial services. A few days ago, I shared videos of my conversations with Moneyhub’s Samantha Seaton and Finthropology’s Anette Broløs. Today, I’m unveiling another pair of interviews from FinovateEurope.

AI 72
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Leatherback and YES Bank team on Indian Rupee remittances

Finextra

Leatherback, a global banking service provider for individuals and businesses, has entered into a strategic partnership with YES BANK, a leader in India’s private banking sector, to enable easier remittance and Indian Rupee (INR) payouts in India for its users via its tech-driven platform.

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Visa Africa Fintech Accelerator Aligns With Visa’s Pledge to Invest $1bln in Africa by 2027

Fintech Finance

The Visa Africa Fintech Accelerator, launched in June 2023 , aligns with Visa’s pledge to invest $1 billion in Africa by 2027, aiming to revolutionize Africa’s payment ecosystem and uplift the digital economy. It is a 12-week hybrid initiative that supports fintech startups in Africa to scale their solutions and access Visa’s network, expertise, and capabilities.

FinTech 64
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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.