Sun.Sep 22, 2024

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Digital Fraud Attacks Rise 17% in Financial Services, Driven by Payment and Account Creation Fraud

Fintech News

Financial institutions around the world are facing a surge in fraud and cyberattacks. A new report by LexisNexis Risk Solutions explores the state of digital fraud, revealing a 17% increase in digital fraud attacks within the financial services sector in 2023. According to the report, human-initiated attacks in financial services rose to 1.2% last year, up 8% year-over-year (YoY).

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Mastercard Teams up With Safaricom to Unlock ‘New Opportunities’ for M-PESA Merchants in Kenya

The Fintech Times

Payments giant Mastercard has partnered with Kenyan mobile network operator Safaricom , to accelerate the adoption of payment acceptance and cross-border remittance services across Kenya. Through the Mastercard and Safaricom partnership, the two entities hope to benefit the 636,000 merchants in Kenya using M-PESA, Safaricom’s mobile money service and the preferred way to make a payment across Africa.

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GoTo Taps Tencent to Step up Its Cloud Infrastructure, Digital Services

Fintech News

Indonesia’s GoTo Group has partnered with Chinese multinational tech conglomerate Tencent to enhance its cloud infrastructure and digital services. Under the five-year agreement, Tencent Cloud will provide GoTo with a range of cloud solutions and Platform as a Service (PaaS) offerings, aimed at strengthening GoTo’s enterprise and consumer-focused services.

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PayPal uses stablecoin to invest in blockchain risk management startup

Finextra

PayPal has used its own stablecoin to make an additional investment in blockchain risk management specialist Chaos Labs.

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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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What Merchants Should Know about Being on a MATCH List in Payments

Clearly Payments

If you’re a merchant, getting on the MATCH list can feel like hitting a brick wall when it comes to processing payments. In this article, we’ll break down what the MATCH list is, why it matters, and what you can do if you find yourself on it. What Is the MATCH List? The MATCH (Member Alert to Control High-risk) list is a tool used by acquiring banks and payment processors to manage risk.

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The Rise of Fintech in Cambodia: Driving Growth and Financial Inclusion

The Fintech Times

Cambodia is leveraging fintech innovations and strategic reforms to boost economic growth, financial inclusion and international partnerships, positioning itself as a key player in the Southeast Asian digital economy. Cambodia, a Southeast Asian nation with a complex history, has undergone significant transformation. Despite the country’s dark chapters, such as the Khmer Rouge genocide that claimed nearly a quarter of the population, Cambodia has worked towards recovery and development.

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Banks Must Cut Out Innovation Setbacks in Order to Keep Up With Consumer Product Demands

The Fintech Times

One hundred and fifty heads of innovation at UK retail and business banks were asked about some of their biggest ongoing struggles to understand customer needs in a new report by SaaScada. There seems to be a divide in what consumers want vs want banking providers think they want. Data-driven core banking engine, SaaScada reveals in its Boosting Net Interest Margins: Why Banks Must Not Wait To Innovate report, that 76 per cent of banking innovation heads said it was important or critical to inc

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NeoXam to acquire EZOPS

The Paypers

Financial software solutions provider NeoXam has announced that it signed an agreement in a bid to acquire EZOPS , with the move focusing on optimising the firm’s financial technology offering.

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Q&A with Michael Clark, VP Global Head of Digital Transformation and Futurist at Mastercard Data & Services

The Fintech Times

The Fintech Times’ Mark Walker recently caught up with Michael Clark, VP global head of digital transformation and futurist at Mastercard Data & Services to discuss data and its relationship with artificial intelligence (AI). Clark reflected on the oft-quoted analogy of ‘data as the new oil’, noting that the original intent behind this comparison was to highlight the need for data refinement to unlock its true value, rather than simply viewing it as a raw material.

Visa 59
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Navigating the 2024 Budgeting Season

The Finance Weekly

Every budgeting season brings a chance to push your business forward into the new year. Of course, there are plenty of challenges to juggle as you balance all your company's needs and goals. With 2024 coming to a close and the 2025 budgeting season around the corner, the pressure is really on you and your finance team! Common Pitfalls Ahead Familiarizing yourself with these challenges will help you prepare for the 2024 budgeting season and set your organization up for success.

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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.