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Affirm , a payment network aiming to empower consumers and help merchants drive growth, is teaming up with Shopify , the internet infrastructure for commerce provider, to enable merchants in Canada to offer customers the option to pay in instalments. Shopify merchants in Canada with early access can now offer Shop Pay instalments, powered by Affirm, to shoppers, marking the products first availability outside the US.
With demand for faster, more secure international payments growing, CurrencyFair has selected tell.money to support its open banking integration, ensuring customers benefit from a smoother, more efficient way to send money across borders. CurrencyFair provides fast, secure, and cost-effective money transfers to over 150 countries in more than 20 currencies, offering an alternative to traditional banking fees and delays.
Singapores Minister of State for Trade and Industry and Culture, Community and Youth Alvin Tan has called for stronger investor safeguards and clearer product disclosures following the recent Chocolate Finance incident. The fintech saw users tapping its rewards programme in ways that proved unsustainable. In response, the company made changes to its features with limited communication, resulting in user frustration and a sharp increase in withdrawal requests.
A new income tax survey from ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, developed in partnership with YouGov , shows that nearly 40% of taxpayers would use their tax refund to pay debt (e.g., credit cards, loans, etc.), suggesting that the inflationary economy is eroding disposable income as Americans turn to tax refunds for debt relief.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
Question: what’s the best way for your business to get paid while satisfying your customer’s need for varied payment options and convenience? Answer: know the top modes of payment your customers prefer, and ensure you accept them. In this guide, well help you do just that by exploring all the major payment methods for small business. Well highlight the pros and cons of each payment medium to help you narrow down the right options for your company.
Financial institutions are moving beyond pilot projects to implement production-grade, explainable and cost-effective AI solutions that can meet operational and regulatory demands. AI has evolved rapidly since fintech Arteria AI was founded in 2020, Amir Hajian, chief science officer, tells Bank Automation News in this episode of The Buzz podcast. The company provides banks with […] The post Podcast: Banks push for cost-effective, multimodal AI tools appeared first on Bank Automation News.
Artificial intelligence (AI) is helping organisations take their offerings to the next level, and reflecting on how it has done so over the last few years for itself, the US based financial institution, Bank of America has revealed that AI is now embedded across multiple business lines and areas including global technology, operations and training. Bank of America spends $13billion annually on technology, of which approximately $4billion will be directed to new technology initiatives in 2025.
Artificial intelligence (AI) is helping organisations take their offerings to the next level, and reflecting on how it has done so over the last few years for itself, the US based financial institution, Bank of America has revealed that AI is now embedded across multiple business lines and areas including global technology, operations and training. Bank of America spends $13billion annually on technology, of which approximately $4billion will be directed to new technology initiatives in 2025.
New, independent research from the University of Connecticut, commissioned by DailyPay , illustrates the negative impact on Connecticut workers from the states January 2024 decision limiting their ability to instantly access their earned but unpaid wages. The research highlights the results of a survey, conducted in February and March 2025, following a measure by the state legislature that effectively shut down Earned Wage Access (EWA) services that had been available to workers in Connecticut f
In fintech, speed is everything but so is visibility. Ive spent years helping fast-growth startups and established players navigate this high-stakes, high-noise industry, and among all the change, one thing stays the same: if youre not showing up, youre falling behind. In a space where challenger banks, SaaS disruptors, and embedded finance platforms are all vying for mindshare, the brands that break through are the ones that play smartest, not loudest.
Credit card processing fees can be confusing for many businesses. Understanding how to calculate your true processing rate is key to managing your costs and finding the right payments partner. At Clearly Payments, were all about transparency. Heres a straightforward way to calculate your effective credit card processing rate and what it means for your bottom line.
Following a fundamental shift in how young adults and Gen Z students want to pay, colleges need to adapt rapidly to ensure they don’t miss out on revenue, according to a new report from payments specialist Access PaySuite. From a survey of 500 Gen Z consumers (aged 16 to 24) across the UK, Access PaySuite found that 39 per cent of respondents favour digital wallets, while a third say they rarely carry cash.
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
Klarna , the AI-powered payments and commerce network, is marking the one-year milestone of its first subscription service Klarna Plus, which on average has surpassed nearly 35,000 signups a month in the US since its launch in January 2024. Klarna is outpacing competitors in the US market and pioneering a new era of retail engagement. Klarna Plus represents a key pillar in delivering enhanced value and deepening consumer adoption beyond the brand’s day-to-day services.
The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 10 April 2025. Collaborations Fyorin , a financial operations solutions provider, has partnered with Discover Global Network to provide businesses, particularly those operating digitally, like e-commerce and media buying companies, with a tool to enhance their bottom line.
Paysend , the global fintech growing the world’s largest digital payment network – unifying over 20 billion endpoints into a single global, open and instant payment system – has partnered with Tink, A Visa Solution , to enhance its Open Banking capabilities. By integrating Tink’s market-leading solutions, Paysend is improving coverage, speed and payment quality for customers in key markets.
Fintechs have shifted from trying to disrupt banks to recognizing the value of partnering with them. In the early waves of fintech, the idea was that fintechs would come for banks, Jeff Flynn, director at Citi Ventures, the venture arm of $1.7 trillion Citi, said during the Bank Automation News webinar Emerging fintechs: New technologies […] The post Citi, Valley Bank tap fintechs for innovation appeared first on Bank Automation News.
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Embedded finance specialist Weavr expands its capabilities by integrating B4B Payments , the globally recognised provider of card issuing and integrated payment services, into its embeddable financial solutions platform. The partnership marks a significant step in Weavrs evolution into a multi-financial institution provider model, reinforcing its leadership in embedded finance and enhancing the choice and flexibility offered to customers.
As AI adoption accelerates across financial services, retail banks are leading the way in making Responsible AI a core business capability balancing innovation with compliance, trust and transparency. Responsible AI (RAI) is increasingly viewed as an ethical priority as well as a strategic advantage in product deployment and customer trust, according to a release […] The post Retail banks set new standard for responsible AI appeared first on Bank Automation News.
Utilita , the UK-based pay-as-you-go energy supplier, is rolling out ‘Payit’, the open banking payments solution from NatWest. Through the launch of Pay by Bank from Payit by NatWest as a payment option on its platform, Utilita is enabling its customers to instantly add funds to their smart meter or wallet through the My Utilita app. Over 800,000 households currently use Utilita’s services.
Fintech Intuit is investing in AI and gen AI technology to develop streamlined solutions for financial customers. Our strategy in AI is to not just build it for a few specific use cases, Ashok Srivastava, chief data officer at Intuit, told Bank Automation News. It is to make AI pervasive across the company, and weve […] The post Intuit teams with Google to deploy AI for tax filing appeared first on Bank Automation News.
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?
Fiserv has acquired Australia-based PayFac Pinch Payments to strengthen its digital payments offerings and expand its merchant reach across the Asia Pacific region. Pinchs cloud-based SaaS platform and PayFac expertise will help Fiserv deliver more flexible solutions for PayFacs, ISVs, BPSPs, ISOs, and enterprise clients. Terms of the deal were not disclosed.
Fintechs have shifted from trying to disrupt banks to recognizing the value of partnering with them. In the early waves of fintech, the idea was that fintechs would come for banks, Jeff Flynn, director at Citi Ventures, the venture arm of $1.7 trillion Citi, said during the Bank Automation News webinar Emerging fintechs: New technologies […] The post Citi, Valley Bank tap fintechs for innovation appeared first on Bank Automation News.
In the digital world where seamless automation is the priority, organisations across banking, insurance and telecom rely on government provided authentication services. A crucial factor for relying on such an authentication mechanism, be it Aadhaar in India, UAE PASS in UAE or NAFATH in Saudi Arabia, is that enrolment to all these government provided platforms is controlled through biometric-based onboarding including retina and finger scan.
On 8 April 2025, the Bank of Lithuania imposed a 3.5 million penalty on Revolut Bank UAB the largest penalty ever for the neobank for the deficiencies in its financial crime prevention system. The central bank’s inspection revealed breakdowns in Revolut’s transaction monitoring systems and deficiencies in detecting potentially suspicious activity.
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
Blockchain innovator Tectum is on a mission to show that tokenisation can be used to have a real-world impact by unlocking liquidity, streamlining operations and expanding access to global capital markets, to name a few examples. In line with this goal, Tectum has launched Tectum Labs, an innovation hub focused on business tokenisation and supporting projects in the Web3 space.
Did you know? Loans against mutual funds in India are estimated to range from INR 50,000 to INR 55,000 crore, while the Average Assets Under Management (AAUM) for the Indian mutual fund industry reached INR 68,04,761 crore in January 2025. This rising demand for LAMF reflects a valuable opportunity for lenders, driven by a streamlined and rapid application process that attracts a growing borrower base.
Block Inc., the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged anti-money-laundering inadequacies and cryptocurrency compliance failures on its Cash App platform. The New York Department of Financial Services issued the fine after an investigation found Block had failed to conduct adequate due diligence on its […] The post Jack Dorseys Block to pay New York $40M in Cash App settlement appeared first on Bank Automation News.
Money transfer company CurrencyFair has teamed up with open banking SaaS platform tell.money. The integration of tell.money’s open banking technology will make CurrencyFair’s money transfer service more seamless, transparent, and compliant. Ireland-based CurrencyFair won Best of Show in its appearance at FinovateAsia 2012 in Singapore. Dublin, Ireland-based cross-border money transfer company CurrencyFair has partnered with tell.money to support its open banking integration.
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.
Zug, Switzerland, April 10th, 2025, FinanceWire Crypto Fund Trader (CFT) , the industry-leading proprietary trading firm focused exclusively on crypto, is excited to announce a groundbreaking partnership with Bybit , a leading global cryptocurrency exchange. This strategic collaboration establishes CFT as the original true crypto prop firm and sets a new standard for what traders expect from a prop trading firm.
Absa , in partnership with UnionPay International (UPI), is launching contactless payments to UnionPay cardholders across South Africa , thereby strengthening its commitment to offering a seamless and secure payments experience. The collaboration ensures that customers with UnionPay cards can enjoy an even faster and more convenient checkout experience at thousands of retail stores nationwide.
New York, New York, April 10th, 2025, FinanceWire Borderless.xyz , a global payments infrastructure company that enables transactions using stablecoins and real-world assets (RWAs), is excited to welcome Capa , a trusted provider of financial infrastructure in LatAm, with a strong presence in Mxico, to the Borderless.xyz global stablecoin orchestration network.
Checkout.com , a leading global digital payments company, today announced its intention to expand its card issuing capabilities in the UAE, marking a first-of-its-kind investment by a global digital payment service provider in the region. Checkout.com aims to roll out domestic card issuance in the region in 2026, pending regulatory approval. This will enable businesses to launch branded cards, whether physical or virtual, power customer rewards, streamline expenses, and simplify business-to-busi
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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