Finextra
OCTOBER 23, 2024
Norway's progress to become one of the world's first cashless economy has hit a roadblock under new rules passed by Parliament that oblige shops to accept cash payments alongside other mobile payment and card options.
Fintech News
OCTOBER 23, 2024
Emirates NBD has entered a strategic agreement with Singapore-based blockchain platform Partior to improve its cross-border payment capabilities. The partnership will allow Emirates NBD to offer clients faster, around-the-clock payment processing through Partior’s blockchain-based platform for clearing and settlement. As part of the deal, Emirates NBD will reportedly become the first bank in the region to facilitate settlement in UAE Dirhams, Saudi Riyals, and Indian Rupees on the platform.
The Payments Association
OCTOBER 23, 2024
New research reveals that nearly all financial leaders (90%) have been impacted by Budget uncertainty in 2024, with over two-thirds (70%) choosing to delay or cancel planned investments as they await clarity from the upcoming Autumn Budget. The research, which surveyed 400 UK financial decision makers and was commissioned by innovative payments solutions provider Equals Money, highlighted a clear focus on increasing investment in technology.
Fintech News
OCTOBER 23, 2024
The BIS Innovation Hub (BISIH) Singapore Centre has announced the next phase of Project Nexus , aimed at making instant cross-border payments a reality. Central banks and instant payment system (IPS) operators from India, Malaysia, the Philippines, Singapore, and Thailand will collaborate with BISIH to move towards live implementation. Indonesia will continue its participation as a special observer.
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
The Payments Association
OCTOBER 23, 2024
Seon Technologies will host a webinar expounding how adopting advanced pre-KYC processes can revolutionize customer onboarding, allowing digital banks, fintechs, and payment companies to identify and filter out fraudsters early in the onboarding process. By leveraging advanced screening tools and AI-driven insights, businesses can significantly reduce identity verification costs while minimizing customer friction—resulting in lower acquisition costs and higher satisfaction for legitimate users.
Fintech News
OCTOBER 23, 2024
Australia has unveiled a three-year initiative to explore the potential of central bank digital currencies (CBDCs) with a focus on wholesale CBDC opportunities, industry outreach and regulatory improvements, Brad Jones, Assistant Governor (Financial System) at the Reserve Bank of Australia (RBA), told the audience at an industry event in September. Australia’s digital money work plan will kickstart with the public launch of Project Acacia, an initiative focusing on assessing the feasibility of n
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
OCTOBER 23, 2024
In Southeast Asia, demand for digital lending solutions is on the rise, driven by shifts in customer expectations, regulatory changes, and heightened scrutiny of environmental, social and governance (ESG) considerations. Chris Kneen Chris Kneen, Chief Commercial Officer of Axe Finance, a digital lending specialist, spoke to Fintech News Singapore about the booming business in emerging markets, particularly across Southeast Asia, the Middle East, and Africa, where banks are heavily investing in t
The Payments Association
OCTOBER 23, 2024
Custody is a key entry point into the digital asset economy, which is steadily growing. The amount of crypto assets under custody is expected to reach at least $16T by 2030, and moreover, 10% of the world’s GDP is expected to be tokenized by 2030. As such, companies need secure, compliant and flexible options to store their crypto. With this in mind, Ripple, the leading provider of digital asset infrastructure, recently launched new features and functionality to Ripple Custody , bringing the ben
Fintech News
OCTOBER 23, 2024
Regional insurtech Igloo has launched a new direct-to-consumer platform, igloo.co.id , in Indonesia. The igloo.co.id provides information on coverage and policies, enabling consumers to purchase motorcycle, car, pet, and travel insurance from top providers, including Zurich, Sompo, SinarMas, and Oona. The platform offers features such as Fast Quotes, Buy-Now-Upload Later for document submission, and claims support to assist users throughout the process.
The Payments Association
OCTOBER 23, 2024
LHV Bank has appointed Mike Goodenough as the new director of banking Services. After spending the past six months as a business consultant for the bank, Mike now steps into a permanent leadership role, bringing with him over 20 years of experience in finance and payments. He has a proven track record in driving strategic initiatives and leading senior teams across international organisations.
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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
OCTOBER 23, 2024
Singtel, a Singaporean telecoms conglomerate, has reached an agreement to sell its mobile wallet, Dash , to Western Union. The deal, announced today, is pending regulatory approval. In the meantime, existing Dash services remain accessible to customers throughout the process. Dash, launched in 2014, allows users to make payments, send money overseas, save, invest, and purchase insurance all within a single app.
The Payments Association
OCTOBER 23, 2024
On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms). If the reforms are implemented as proposed, this will be the most significant set of changes since the rules were created.
Finextra
OCTOBER 23, 2024
Bank of America's artificial intelligence push has led to a 94% increase in AI and machine learning granted and pending patent applications since 2022.
Fintech Finance
OCTOBER 23, 2024
A new survey by the transaction data management specialist Intix , has revealed that European banks are struggling to meet the European Union’s upcoming deadlines for mandatory instant credit transfers. The research aimed to evaluate the state of instant payments across the European banking sector. Led by Intix, the survey explored readiness levels and compliance with key regulations, including ISO 20022 standards, as well as the readiness of banks as they prepare to meet the EU’s Instant Paymen
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
The Fintech Times
OCTOBER 23, 2024
One of the poorest countries in the Asia-Pacific (APAC) region, East Timor, or Timor-Leste, is trying to foster economic development and growth, albeit while facing a number of challenges. As the country looks to ensure future stability, we ask how big a role fintech can play in making progress. Located in Southeast Asia on Timor Island, Timor-Leste initially gained independence in 1975 – although Indonesia quickly took control of the territory and absorbed it into the country.
Fintech Finance
OCTOBER 23, 2024
Adyen (ADYEN:AMS) announced today that Tom Adams will join Adyen as Chief Technology Officer (CTO). Adams will be succeeding Alexander Matthey, who after a decade of building Adyen will conclude his tenure later this year. “As we look at the opportunity ahead, we find ourselves in a key position to solve for the continued complexity that we see in the payments landscape,” says Pieter van der Does, Co-Founder and Co-CEO of Adyen.
Payments Dive
OCTOBER 23, 2024
The digital cash advance provider to small businesses deepened its ties to the British firm GoCardless this week as part of its quest to expand outside the U.S. market.
Fintech News
OCTOBER 23, 2024
HSBC Holdings is preparing to reduce its senior management roles as part of an extensive restructuring effort aimed at cutting costs, as reported by Bloomberg. Georges Elhedery CEO Georges Elhedery informed staff of the upcoming changes in an internal memo, indicating that the bank’s consolidation of business operations would lead to a reduction in duplicated roles, particularly at higher levels.
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 Finance
OCTOBER 23, 2024
Tribe Payments , the pioneering digital payments and infrastructure orchestrator that specialises in issuer and acquirer processing, announces the opening of its Singapore office. The move comes as part of Tribe’s strategic expansion into the Asia-Pacific (APAC) region, signalling its ongoing commitment to delivering world-class digital payment solutions across global markets.
Payments Dive
OCTOBER 23, 2024
Liability over data security emerges as a top concern as the Bank Policy Institute and a Kentucky trade group and bank sue the bureau, arguing that is has overreached its authority.
Fintech Finance
OCTOBER 23, 2024
G2A.COM , the world’s leading marketplace for digital entertainment, has announced it has deployed Forter globally to block fraud and optimise payments for G2A’s 30 million users globally. G2A.COM is trusted by users from 180 countries, where visitors can choose from more than 75,000 digital offerings. The global nature of its business required G2A.COM to scale its fraud prevention and payments program to meet growing demand.
Payments Dive
OCTOBER 23, 2024
The bank and tech firms failed to address disputed transactions in their joint Apple Card program, and misled cardholders about interest-bearing products, the bureau alleged.
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 Finance
OCTOBER 23, 2024
Chargebacks911 , the global chargeback technology leader, has called on merchants across the globe to prepare their operational and customer service policies ahead of the U.S. Federal Trade Commission’s (FTC) ‘click-to-cancel’ rule , which will require businesses offering subscription services or memberships to make it much easier for customers to cancel.
Payments Dive
OCTOBER 23, 2024
The state instituted regulations Tuesday that will require earned wage access providers to register and be regulated as of next February.
Fintech Finance
OCTOBER 23, 2024
Finfare Connect , a market-leading rewards platform empowering businesses to engage and retain customers through personalized offers, has announced an innovative collaboration with ZBD , a leading payments company at the forefront of digital economies. Finfare Connect is a part of Finfare Inc., a thriving fintech company with offices in Irvine, California and London.
Fintech News
OCTOBER 23, 2024
Today’s consumers often use multiple channels to initiate, modify, and complete retail transactions, expecting all previous interactions to be considered at each subsequent step. Seamless omnichannel experience is valued by shoppers of any age, notes Forbes Technology Council. Among Boomers, 78% are frustrated by having to restart their customer journey, while for tech-savvy Millennials and Gen Z this percentage is even higher.
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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
OCTOBER 23, 2024
MoneyLion (“MoneyLion”) (NYSE: ML), a digital ecosystem for consumer finance that empowers everyone to make their best financial decisions, has announced the launch of MoneyLion Checkout , a new marketplace solution that lets consumers search, apply for, and complete transactions instantly across numerous third-party financial products, all within the unified MoneyLion user experience.
Finextra
OCTOBER 23, 2024
Taking to the stage on the penultimate day of the AFP conference in Nashville’s Music City Center, were Netflix’s Joshua Karoly, The Clearing House’s Cheryl Gurz, US Bank’s Mike Thomas in a panel led by Strategic Resource Management’s Dean Nolan.
Fintech Finance
OCTOBER 23, 2024
Finzly , an early participant in the FedNow pilot and a leading service provider for financial institutions (FIs) to send and receive payments on the FedNow network, has announced that its instant payment service is now available in AWS Marketplace , a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).
Finextra
OCTOBER 23, 2024
Garanti BBVA is rolling out a crypto safekeeping service to its customers through a collaboration with Ripple and IBM.
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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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