Finextra
NOVEMBER 18, 2024
Airwallex, the Australian-founded leading financial platform for modern businesses, today announced that it is launching Airwallex for Startups in New Zealand, to help Kiwi startups to accelerate their growth.
PCI Security Standards
NOVEMBER 18, 2024
Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Recently, PCI SSC published a new information supplement called PCI DSS Scoping and Segmentation Guidance for Modern Network Architectures. This document was produced by the 2023 Special Interest Group, also called a SIG, who spent a year collaborating on this project, which was led by the Council's own Kandyce Young, Manager of Data Security Stand
Bank Automation
NOVEMBER 18, 2024
Banks and credit unions prioritized digital integration in 2024, with 75% saying they increased their technology spend, according to a recent survey. More than 100 bank and technology company leaders were surveyed nationwide for research company Bank Director’s 2024 Technology Survey, released in September, which showed that throughout the year, banks and credit unions made […] The post 75% of FIs increased tech spend this year appeared first on Bank Automation News.
The Payments Association
NOVEMBER 18, 2024
What is this article about? How fintechs are challenging traditional banks in the merchant services space, posing a threat to banks’ core business and revenue streams. Why is it important? The shift driven by fintechs could erode banks’ dominance, forcing them to modernise or risk losing a significant share of the market. What’s next?
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
NOVEMBER 18, 2024
In the wake of Illinois being sued over its landmark law exempting state taxes from the calculation of card interchange fees, other states are making little progress with the idea.
The Payments Association
NOVEMBER 18, 2024
What is this article about? The transition from centralised finance (Ce-Fi) to decentralised finance (De-Fi), highlighting the technological, regulatory, and cultural shifts influencing the payments industry Why is it important? It addresses the potential of De-Fi to enhance financial inclusion and efficiency, while also discussing the challenges of integrating these systems within existing regulatory frameworks.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finextra
NOVEMBER 18, 2024
The Spanish banking community has become the first EU market to enable instant cross-currency payments under the European Payment Council's OCT Inst (One-Leg Out (OLO) Instant Credit Transfer scheme.
Finovate
NOVEMBER 18, 2024
Qover, an insurtech based in Brussels, Belgium, has partnered with Mastercard to provide return shipping cost protection when retailers do not offer free returns. The service is available to Mastercard credit cardholders in Belgium and Luxembourg; Qover plans to expand the service to additional European countries. Qover made its Finovate debut at FinovateEurope 2018 in London.
Fintech Finance
NOVEMBER 18, 2024
The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Global corporations move $23.5 trillion across countries annually—around a quarter of global GDP—at an estimated cost of $120 billion in transaction fees annually. Any improvement in the efficiency of cross-border transactions would, therefore, lead to considerable benefits for businesses and individuals globally.
Fintech News
NOVEMBER 18, 2024
The PCI SSC Asia-Pacific Community Meeting is coming to Hanoi, Vietnam from 20-21 November 2024. This event will gather payment security professionals from across the region to discuss developments in global payment security, industry trends, and standards. Participants can attend in person or via livestream to hear from experts, including keynote speaker Dr.
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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 Finance
NOVEMBER 18, 2024
Modulr , the embedded payments platform, today announces its acquisition of Nook , an innovative disruptor in accounts payable (AP) automation. Both companies share a mission to address inefficiencies, remove manual steps and enhance the security of business payments. These are significant concerns, as highlighted by Modulr’s survey of 250 accounting practices which revealed that nearly half (45%) of respondents spend over three hours per week on manual data entry.
Payments Dive
NOVEMBER 18, 2024
Criminals leverage advanced technology to make so-called mule accounts that pass as humans and persuade consumers to send money to scammers, a Kansas City Fed paper says.
Fintech News
NOVEMBER 18, 2024
Crypto exchange OKX has partnered with DBS to offer Singaporean customers instant and free deposits and withdrawals in Singapore dollars (SGD). These improvements are the first of many part of a broader effort to enhance OKX’s platform, providing users with a more streamlined and efficient experience. Customers can now deposit SGD into their OKX accounts using PayNow and withdraw funds via FAST, provided their bank is one of the 27 institutions participating in the service.
Finextra
NOVEMBER 18, 2024
New research from Visa reveals that more than two fifths (41%) of small-medium businesses in the UK have been a victim of fraud, with the average amount lost due to fraudsters in the last year being £3,808.
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
Finovate
NOVEMBER 18, 2024
Revolut has received FCA approval to offer U.K. and E.U.-listed stock and ETF trading. The new service is expected to roll out in 2025 for its nine million U.K. customers. Revolut’s U.K. stock trading offering will allow it to compete with established platforms like Trading 212, Freetrade, Hargreaves Lansdown, and AJ Bell. Global challenger bank Revolut announced today that the U.K.
Finextra
NOVEMBER 18, 2024
Revolut has been granted a trading licence by the Financial Conduct Authority, paving the way for the fintech to start offering UK-listed stocks.
The Fintech Times
NOVEMBER 18, 2024
Cross-border payments in the MENA region have faced challenges such as high costs, slow processing times and limited transparency. To address these issues, Mastercard has joined Buna, the cross-border payment system operated by the Arab Regional Payments Clearing and Settlement Organisation (ARPCSO), owned by the Arab Monetary Fund (AMF). Buna enables financial institutions and central banks in the Arab region and beyond to send and receive payments in local and key international currencies in a
Finovate
NOVEMBER 18, 2024
Global payments have been gaining popularity in fintech over the past few months. There is increasing demand for faster, safer, and cheaper payment opportunities as cross-border trade activity escalates. As McKinsey points out , however, payments are becoming disconnected from users’ accounts as platform-as-a-service (PaaS) and embedded payments models rise in popularity.
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.
Finextra
NOVEMBER 18, 2024
Jess Turner, EVP, Global Head of Open Banking and API, Mastercard, speaks to FinextraTV on the week of Sibos, where she dove into the role AI plays in financial services, including open banking. Market maturity for open banking varies in different regions, but it is becoming increasingly evident that interconnectivity can support with global scale and allow users to leverage their own data for their own benefit.
Fintech Finance
NOVEMBER 18, 2024
Financial services firms now have just one month to respond to a consultation proposing major regulatory changes to protect consumers, by bringing regulated payment firms under the CASS (Client Assets) system of managing customer funds. Leading audit, tax and consulting firm RSM UK is encouraging payment providers and other interested parties to respond to the FCA consultation which closes on December 17 th.
Finextra
NOVEMBER 18, 2024
Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has signed a referral agreement with National Bank of Fujairah (NBF) to extend digital payment services to the bank’s corporate customers.
Payments Dive
NOVEMBER 18, 2024
Interested in learning more about embedded payments and how you can leverage them for your business?
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.
Finextra
NOVEMBER 18, 2024
NatWest Group has struck a deal with NCR Atleos to upgrade its 5500-strong owned and partner network of ATMs and multi-function devices.
The Paypers
NOVEMBER 18, 2024
The European Central Bank (ECB) has been debating whether to release a sensitive report underlining capital requirements for large EU lenders compared to US financial institutions.
Finextra
NOVEMBER 18, 2024
Revolut has been granted a trading licence by the Financial Conduct Authority, paving the way for the fintech to start offering UK-listed stocks.
The Fintech Times
NOVEMBER 18, 2024
The African Development Bank Group has launched a new funding call, in a move to address Africa’s climate finance gap by supporting the development of climate projects across 37 low-income African countries. Launched at COP29 in Baku, Azerbaijan, the Climate Action Window (CAW) Technical Assistance Facility, plans to support African projects aligned with the Paris Agreement , the international climate change treaty.
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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.
Finextra
NOVEMBER 18, 2024
Barclays Bank is understood to be in discussions with Brookfield Asset Management about giving up 80% of its merchant acquiring arm.
The Fintech Times
NOVEMBER 18, 2024
Online payments giant PayPal has launched a new feature in its app to make it easier for customers to pool money with friends and family for group gifts, travel, events or other shared expenses. Through its new feature, PayPal plans to give its customers the ability to set up a pool in the PayPal app or online, invite friends and family to contribute, track group contributions and transfer funds to their PayPal balance to spend or withdraw.
Finextra
NOVEMBER 18, 2024
Open banking vendor TrueLayer reportedly laid of a quarter of staff in September in an attempt to push the loss-making firm to profitability.
The Fintech Times
NOVEMBER 18, 2024
Payments-as-a-Service firm Volante Technologies has launched a new solution to offer financial institutions visibility and operational control over their payments business. The new solution, Volante Payments Intelligence, enables banks to better understand their payment operations, simplifying decision-making while improving business performance. It leverages historical and real-time payment data to help banks strategically plan, optimise operational efficiency, and accurately track performance.
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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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