Basis Theory
DECEMBER 3, 2024
Whatever route you traveled to get into payments, we’re glad you made it here! We’ve curated a list of influencers in the payments industry that speak at events, publish unique content, and work for organizations that don’t just follow best payment practices—help establish them, too.
Fintech News
DECEMBER 3, 2024
Cambodia has intensified its regulatory measures against unlicensed online activities by blocking 102 websites, including 16 crypto exchange platforms such as Binance and Coinbase, Coinspeaker reports. The Telecommunication Regulator of Cambodia (TRC) implemented this action due to the platforms’ lack of necessary licensing from the Securities and Exchange Regulator of Cambodia (SERC).
Payments Dive
DECEMBER 3, 2024
With the proposal, the federal agency aims to crack down on fraudsters and others seeking to use sensitive personal information for illicit activities.
Fintech News
DECEMBER 3, 2024
Zurich Insurance Group has acquired AIG’s global personal travel business, including Travel Guard, for US$ 600 million, plus a potential earn-out payment. The acquisition makes Zurich one of the largest global travel insurers, serving over 20 million customers and partnering with more than 200 distribution partners. It also expands Zurich’s presence in the US$ 20 billion global travel insurance market, particularly strengthening its position in the U.S.
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
Payments Dive
DECEMBER 3, 2024
The head of fraud prevention for the processor said the company leverages data to block hackers and fraudsters seeking digital wallet information.
Fintech News
DECEMBER 3, 2024
Luxury retail group Valiram has partnered with Atome to offer “buy now, pay later” options at its stores and online platforms in Malaysia and Singapore. This enables Valiram’s customers to split their purchases into multiple interest-free payments. The service is already available in over 200 Valiram stores in Malaysia, which feature popular brands such as Victoria’s Secret, Bath & Body Works, Steve Madden, Michael Kors, Tory Burch, and Rituals.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
DECEMBER 3, 2024
Digital payment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. This move will see the phasing out of support for Bitcoin (BTC) and Ethereum (ETH) by the end of the year, while maintaining support for all other stablecoin and fiat currency services. The company emphasises the inherent volatility of cryptocurrencies like Bitcoin and Ethereum as a driving force behind this decision.
Finextra
DECEMBER 3, 2024
Pennant Technologies, an agile and innovative financial technology company, today announced the successful implementation of Pennant’s future-ready Lending Platform, pennApps Lending Factory (PLF), at HDFC Bank, India’s leading private sector bank at transforming its lending business for innovation, speed to market and operational agility.
Fintech News
DECEMBER 3, 2024
By 2030, data center capacity in Southeast Asia is expected to triple to reach between 5.2 gigawatts (GW) and 6.5 GW, a surge which will be fueled by a remarkable tenfold increase in demand for artificial intelligence (AI) computing. Demand for data center in Southeast Asia, Source: Accelerating compute needs underpin Southeast Asia’s rapid data center growth, Boston Consulting Group, Oct 2024 A new BCG report released in October explores the significant growth of Southeast Asia’s data cen
Finextra
DECEMBER 3, 2024
La Banque Postale, in collaboration with WWF France, is the first traditional bank in France to launch an impact bank card where all deposits associated with the card will be used to finance the energy renovation of housing.
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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 News
DECEMBER 3, 2024
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced a major overhaul of its global partner ecosystem at the Alibaba Cloud Partner Summit 2024. The new “Alibaba Cloud Partner Rainforest Plan” centers around artificial intelligence (AI) and includes an enhanced incentive programme, an AI partner accelerator programme, and a revitalised service partner strategy.
The Fintech Times
DECEMBER 3, 2024
dtcpay , the licensed payment service provider, has announced that it will no longer be supporting Bitcoin (BTC) and Ethereum (ETH) in the new year as it transitions to only support stablecoins for its Digital Payment Token (DPT) payment services. One of the primary reasons for this change is the volatility associated with cryptocurrencies. Many businesses and consumers need stability to conduct their transactions, meaning that turning to stablecoins and fiat currencies is the more reliable solu
Fintech News
DECEMBER 3, 2024
Australia has announced a US$50 million investment in Singapore’s Financing Asia’s Transition Partnership (FAST-P) to support sustainable infrastructure development and clean energy transition in Southeast Asia. FAST-P aims to mobilise public, private, and philanthropic capital to support the region’s decarbonisation and climate resilience.
The Fintech Times
DECEMBER 3, 2024
Although the influencer payment industry is increasing the value of niche creators and emphasising compliance and prompt payments, challenges still persist. According to Gigapay , the influencer marketing payments and operations firm, many enterprise brands struggle with rigid financial processes that limit access to smaller creators and result in payment terms that can go up to 120 days.
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
Fintech News
DECEMBER 3, 2024
Cambodia’s banking sector, traditionally known for its rapid growth and dynamic transformation, is facing a significant decline in profitability, with banks in the country experiencing a decline in return on asset (ROA) and net profit margin (NPM), a new paper by YCP and Confluences says. This decline is attributed to pressure on profit margins from overhead costs, an increase in provisions for doubtful debts, and a sharp rise in non-performing loans (NPLs).
The Fintech Times
DECEMBER 3, 2024
Reserva , one of the largest fashion retailers in Brazil, has joined forces with payment orchestrator Yuno , in a move to unlock more sustainable growth. By leveraging technology from Yuno, alongside streamlined payment management, Reserva has revealed it successfully increased its purchase conversion rate by four per cent while also enhancing operational efficiency, optimising fraud prevention, and delivering a smoother customer experience.
Finextra
DECEMBER 3, 2024
Singapore's KPay Group has completed its first institutional funding round, raising a record US$55 million, the largest Series A globally in the payments sector in 2024.
Finovate
DECEMBER 3, 2024
Insurance-as-a-Service company Insuritas has been acquired by VIU by HUB, a division of HUB International, one of the world’s largest insurance brokers. The acquisition will expand Insuritas’ insurance product portfolio and leverage VIU by HUB’s advanced analytics platform to provide more personalized customer experiences. Financial terms of the deal were not disclosed.
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.
The Fintech Times
DECEMBER 3, 2024
Banks leveraging Corporate Digital Identity achieve a 32 per cent reduction in end-to-end onboarding processing time, according to new research commissioned by KYC automation company Encompass Corporation , and conducted by financial research firm Chartis Research. The Encompass Corporation research surveyed senior professional and industry experts from corporate banking and fintech sectors across North America, Europe, and Asia-Pacific, and found that Corporate Digital Identity (CDI) helps addr
Finovate
DECEMBER 3, 2024
Enterprise AI platform Uptiq.AI has acquired data integration startup UpSwot to enhance its AI Workbench capabilities and expand its applications for banks, fintechs, and wealth management firms. Uptiq.AI will use UpSwot’s Financial Data Gateway , which integrates data from accounting, payroll, and CRM tools, enabling financial institutions to gain actionable insights and offer tailored recommendations to their commercial clients.
The Fintech Times
DECEMBER 3, 2024
Nineteen per cent of adults have admitted they would consider providing incorrect details to get a preferential rate on a financial product finds TransUnion , the global information and insights company. These new findings come as TransUnion reveals that firms are still facing a battle against first-party fraud as 43 per cent of respondents didn’t feel their income was keeping up with inflation.
Finextra
DECEMBER 3, 2024
Backbase, the global leader in Engagement Banking, announces its strategic partnership with Seven, a consulting firm and integrator of digital and AI solutions based in Morocco.
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.
The Fintech Times
DECEMBER 3, 2024
In November 2023, the European Central Bank (ECB) began the preparation phase of a digital euro. Just over a year later, it has published its second progress report on the phase, laying out the foundations for the potential issuance of the currency. In the time since the initial preparation phase, the ECB has updated its digital euro scheme rulebook to harmonise digital euro payments across the euro area.
Finextra
DECEMBER 3, 2024
EBAday 2025, the annual summit for the leading payments and transaction banking executives hosted by the Euro Banking Association (EBA) and Finextra, has opened applications for its Fintech Zone.
Fintech Review
DECEMBER 3, 2024
Payment systems have undergone significant transformations over the years. From cash and checks to digital wallets, these changes have revolutionised commerce and consumer behaviour. We explore the evolution of payment solutions, analysing adoption rates, security challenges, regulatory shifts, and innovative technologies. Traditional Payment Methods: Cash and Checks For centuries, cash reigned supreme as the primary payment method.
Bank Automation
DECEMBER 3, 2024
Scotiabank is working with Google Cloud to drive customer engagement, deploy new technology and modernize its operations. Prioritizing cloud investment, the $1.4 trillion Canadian bank reported a tech spend of $2.3 billion in 2024, up 10% year over year, according to its annual report, published today. As part of its broader tech efforts, the bank […] The post Scotiabank boosts tech spend 10% to $2.3B appeared first on Bank Automation News.
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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.
BlueSnap
DECEMBER 3, 2024
Leveraging BigCommerce’s flexible eCommerce solution to manage your online business can help you grow rapidly. But storefronts alone aren’t the key to closing more sales — you need a payments solution that meets your unique needs as well. How you accept payments can contribute significantly to your business’s success. The post The Ultimate Guide to Accepting Payments with BigCommerce appeared first on BlueSnap.
Fi911
DECEMBER 3, 2024
Acquiring banks must rely on a robust array of tools to deter fraudulent activity. Some of these tools can be deployed at the bank level, while others rely more on deployment by individual merchants. One vital tool that should be in every merchant’s arsenal is the velocity check, also known as velocity control, a precise and dynamic fraud prevention measure.
Bank Automation
DECEMBER 3, 2024
AI-driven risk management decisioning and monitoring platform EnFi is automating the credit approval process for financial institutions while maintaining compliance, freeing up employees to focus on other areas of operations. EnFi uses natural language processing and modern AI models to extract information from loan and security agreements (LSA), Chief Technology Officer Scott Weller tells Bank […] The post Podcast: AI for credit portfolio management appeared first on Bank Automation News
Paystand
DECEMBER 3, 2024
Table of Contents What is a trial balance? What are the rules of trial balance? What is the difference between a ledger and a trial balance? What are the disadvantages of a trial balance?
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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.
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