Finextra
MAY 22, 2024
A team of ex-Revolut employees have released Zeal, a DeFi wallet and debit card combination that enables direct cryptocurrency spending on everyday items, eliminating the need for conversion to fiat currency.
Bank Automation
MAY 22, 2024
JPMorgan Chase has identified three uses for generative AI to boost efficiency. “AI, and particularly large language models, will be transformational,” Chief Operating Officer Daniel Pinto said during the bank’s Investor Day on May 20, noting that the bank has been investing in AI for “a number of years.” The $3.
Finextra
MAY 22, 2024
Google Pay has received a revamp to make it easier for shoppers to see card benefits, use BNPL on more sites, and ditch CVV codes in favour of biometrics at checkout.
Bank Automation
MAY 22, 2024
Fintech Lili, which provides a business platform for small and medium-sized businesses, has teamed up with Amazon Web Services to deploy a generative AI-driven chatbot for its customers.
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
Finextra
MAY 22, 2024
British financial regulators have fined Citigroup £61.7 million over a $444 billion fat finger error that led to a $1.4bn sell off of equities in European markets.
Basis Theory
MAY 22, 2024
Tokenization is a PCI-compliant way to secure and mask sensitive cardholder data in what is called payment tokens. These payment tokens can take one of three forms, with the means, approach, and benefits of each diverging from one another.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Fintech Times
MAY 22, 2024
InvoiceMate , a blockchain and AI-powered invoice financing enabler has agreed to support the retail supply chain across the UAE alongside retail technology provider 24SEVEN , as part of a new partnership. By partnering, InvoiceMate and 24SEVEN will potentially strengthen financial inclusion for thousands of SMEs by combining retail and payment data with blockchain financing solutions.
Finextra
MAY 22, 2024
The collapse of BaaS platform Synapse has forced teen finance app Copper to suddenly discontinue its bank deposit accounts and debit cards, leaving some customers unable to access their funds.
Fintech News
MAY 22, 2024
Artificial Intelligence (AI) is revolutionising the financial sector, transforming how institutions operate and cater to their clientele. As AI becomes increasingly integrated into finance, it is reshaping how we manage and interact with our money daily. Financial institutions navigating the digital age must recognise AI’s immense potential and harness its power to drive growth, or risk getting left behind.
Finextra
MAY 22, 2024
Majority, the platform offering mobile banking, international services and more to migrants in the US, today announced $20M in funding after a year of record growth, despite the tumultuous fintech market.
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.
Fintech News
MAY 22, 2024
Mastercard has announced the implementation of generative AI technology to significantly accelerate the detection of compromised cards, enhancing protection for cardholders and securing the payment ecosystem. Fraudsters frequently steal millions of payment card numbers through methods like spyware, malware, and card skimming, often selling partial card details on illegal websites.
Finextra
MAY 22, 2024
President Biden and SEC chair Gary Gensler have both criticised a new cryptocurrency bill ahead of a US House of Representatives vote.
Payments Dive
MAY 22, 2024
American Express and Capital One cardholders can now see what rewards they would earn from purchases when checking out with Google Pay, the tech giant said in a blog post.
Finextra
MAY 22, 2024
DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, has announced the hiring of two new executives: Kyla Murphy, as Chief Product Officer and Lauren Veisz as Head of Operations.
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.
Fintech News
MAY 22, 2024
Crypto exchange Coinbase has launched the Tech Against Scams coalition, teaming up with industry leaders like Match Group (the parent company of Tinder and Hinge), Meta, Kraken, Ripple, Gemini, and the Global Anti-Scam Organisation (GASO) to tackle online fraud and financial schemes. The Tech Against Scams coalition focuses on preventing online fraud and financial schemes targeting consumers across various industries.
Finextra
MAY 22, 2024
Jaja Finance (“Jaja”) has today become one of the first UK fintechs to launch a Generative Artificial Intelligence (Gen AI) chat assistant using Anthropic’s state-of-the-art Claude 3 model family, accelerating the fintech’s journey to becoming the UK’s leading digital lender.
Fi911
MAY 22, 2024
When merchants accept credit card or debit card payments, the hope is that the funds from that sale will remain in their account as revenue. What happens when a transaction needs to be reversed, though? In this article, we will delve into the topic of credit card payment reversals. Understanding payment reversals is crucial for both consumers and businesses, as they can impact financial stability and consumer trust.
Finextra
MAY 22, 2024
Fraud losses in the UK dropped by four percent in 2023, but still topped the £1 billion high watermarket.
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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.
Fintech Finance
MAY 22, 2024
HPS , the leading global provider of payment software and services, is thrilled to announce the official opening of its new office and delivery center in Pune, India, marking a significant milestone in the company’s global expansion strategy. The new office, strategically located in Pune, reflects our Group’s commitment to enhancing its global presence and strengthening its capabilities in delivering exceptional services to clients worldwide.
The Fintech Times
MAY 22, 2024
In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. This May, The Fintech Times is looking to showcase some of these new methods and explore how the digital asset ecosystem is evolving.
Bank Automation
MAY 22, 2024
At Bank Automation News, we want to ensure we are providing the most relevant, useful articles, reports, data and content to our readers. The financial services industry is constantly evolving, and we need your help to ensure we stay on the right path.
Fintech Finance
MAY 22, 2024
As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem. Fraudsters steal millions of payment card numbers through spyware, malware, and other clandestine practices such as card skimming. In a bid to sell this data to other criminals, they place part of the 16-digit numbers on illegal websites.
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Finextra
MAY 22, 2024
Adopting distributed ledger technology in the pursuit of faster settlement times could hit liquidity and increase transaction costs, warns research from the World Federation of Exchanges (WFE).
Fintech News
MAY 22, 2024
Over the past years, financial crime tech has risen to prominence, driven by increasing complexity and frequency of financial crimes, stricter regulations and compliance requirements, and technological advancements. The Global State of Scams 2023 Report by the Global Anti-Scam Alliance (GASA) and ScamAdviser reveals a severe global increase in scams.
Finextra
MAY 22, 2024
The Intercontinental Exchange has been hit with a $10 million penalty for the failure of its subsidiaries - including Nyse - to quickly report a cyber intrusion to the Securities and Exchange Commission.
The Fintech Times
MAY 22, 2024
Global fintech SumUp has launched direct debits, in a move it hopes will provide merchants with an even more streamlined payment experience. The new direct debit payments feature is immediately available for UK-based merchants that use a SumUp Business Account, an all-in-one, zero-fee solution introduced in 2021. A full UK current account that gives merchants total control of their finances on the move, the Business Account is managed via smartphone and enables merchants to spend, save, and mana
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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.
Finextra
MAY 22, 2024
Join FinextraTV in conversation with Robert Downs, Global Head of Corporate & Syndicated Lending, Finastra and Prakash Pattni, Managing Director - Digital Transformation, IBM Cloud for Financial Services, IBM, as we explore a plethora of topics including digitalisation gaps, cloud innovation, data and knowledge management, regulation, and competition and how they all intersect with each other to modernise lending.
Finovate
MAY 22, 2024
The demos are done. The votes have been counted. And the people have spoken. After two days of live fintech demos here at FinovateSpring 2024, we are proud to introduce the winners of Best of Show. Bloom Credit for its technology that helps banks and credit unions offer a deposit retention and credit building tool to their client base. Cascading AI for its platform that improves efficiency in banks by 30x by automating rote tasks, enabling banks to leverage that step-change in efficiency to grow
The Fintech Times
MAY 22, 2024
FinTech Australia is gearing up to host its second annual Consumer Data Right (CDR) Summit, setting the agenda for the regime ahead of a broader consumer rollout. This year’s Consumer Data Right Summit has plans to showcase local and international experts, policymakers, founders and builders who will take to the stage to discuss the future of the CDR and the most exciting emerging use cases at The Hilton in Sydney on Wednesday 3 July.
The Paypers
MAY 22, 2024
The Hong Kong Monetary Authority ( HKMA ) and the People’s Bank of China ( PBoC ) have advanced the e-CNY pilot for cross-boundary payments, expanding its scope in Hong Kong.
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.
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