Payments Dive

AUGUST 26, 2024

Gen Z and millennials were the age groups most likely to use loans and credit cards to respond to higher prices, a Federal Reserve research report said.

Credit Cards 179

Credit Cards Federal Reserve Fed Consumer 179

Fintech News

AUGUST 26, 2024

In 2023, the insurtech sector in Southeast Asia saw a remarkable resurgence, marking a significant rebound not witnessed since 2020. According to a new report by Ernst and Young (EY), Southeast Asia’s insurtech deals reached a total value of US$2.4 billion from 27 transactions, a significant increase from the US$538 million raised across 39 deals in 2022.

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On-Demand Product Transactions Adjustments 143

Finovate

AUGUST 26, 2024

As summer draws to a close, there may be a big acquisition on the horizon in the fraud and financial crime prevention space. Be sure to check in with Finovate’s Fintech Rundown all week long for the latest in fintech news. Fraud and financial crime prevention Is Visa looking to acquire fraud fighting platform Featurespace ? Financial wellness Canadian fintech Koho launches Rent Reporting to help renters improve their credit.

FinTech 115

FinTech Financial Crimes Crime Payroll 115

Fintech News

AUGUST 26, 2024

Thailand is moving closer to welcoming its first virtual banks, with the Bank of Thailand (BOT) currently accepting applications for the virtual banking license. With the deadline looming on the 19th of September 2024, speculations are rife for Thailand’s virtual banking license applicants. In the initial phase, three licenses are expected to be granted, with successful applicants anticipated to be announced within the first half of 2025.

Online and Mobile Banking 118

Online and Mobile Banking Bots Financial Inclusion Underserved 118

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

Finovate

AUGUST 26, 2024

Governance, risk, and compliance platform Themis has partnered with regulatory compliance company Sei. The partnership integrates Sei’s marketing compliance engine into Themis’ platform to enable financial institutions to maintain marketing compliance across all channels. Themis won Best of Show in its Finovate debut at FinovateFall 2022.

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Compliance AI Regulatory Compliance Consumer Protection 111

Stax

AUGUST 26, 2024

To the incredible Stax community: allow us to take a moment to recognize a milestone that we are extraordinarily proud of—our 10th anniversary. The year 2024 is a special one for everyone at Stax because we’re celebrating a decade of transforming the payments industry and supporting our merchants and partners with innovative technologies and unwavering support.

Innovation 88

Innovation ISVS Payments Processors 88

Payments Next

AUGUST 26, 2024

By Sina Saidinayer, UK Chief Revenue Officer, Finfare, Inc The financial services industry is experiencing a transformative shift driven by open banking. The post Open Banking: Revolutionizing US Loyalty Rewards & Financial Services first appeared on Payments NEXT.

Posting 88

Posting Payments Technology 88

Fintech News

AUGUST 26, 2024

From the bustling streets of Shanghai to Mumbai’s bustling markets, a financial revolution is quietly transforming the Asia-Pacific region. Here, smartphones aren’t just for calls and texts – they’re becoming the new face of money. In an area where cash was once king, digital wallets reign supreme, reshaping how people pay and how they think about money itself.

APACS 111

APACS PCI DSS Push-to-Card Online and Mobile Banking 111

Payments Dive

AUGUST 26, 2024

The Chicago fintech has moved from servicing small merchants to handling cannabis payments, and now it’s catering to gaming clients.

FinTech 97

FinTech Payments 97

Fintech News

AUGUST 26, 2024

Global payments platform Adyen announced that Tom Adams will be taking over as Chief Technology Officer (CTO). He succeeds Alexander Matthey, who is stepping down after a decade with the company and will conclude his tenure later this year. Adams previously led engineering at Cash App, a division of Block, where he managed a global team of 1,500 engineers.

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Central Bank Blocks Innovation Continuity 105

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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?

Use Case

Nanonets

AUGUST 26, 2024

In our hunter-gatherer days, we had to classify objects and beings as food, foe, or friend, for survival. Today our need for classification is less for conservation and more for clarity.  In this era of information overload, document classification is of considerable importance for the efficient management and use of information and knowledge.   In this article, we will look at the types of document classification and how ML techniques are being increasingly used for this purpose.

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Rules Non-Bank Checks Irrevocability 94

Fintech News

AUGUST 26, 2024

Revolut, the global fintech with over 45 million users worldwide, has upgraded its paid plans by adding several new benefits, valued at up to S$2,260 annually, at no additional cost. These upgrades, available to Premium and Metal plan users, aim to improve the user experience with offerings that range from fitness and wellness services to secure VPN access and learning platforms.

APACS 100

APACS ATM FinTech Security 100

Bank Automation

AUGUST 26, 2024

TD Bank has been investing in innovation through patent filings, AI and generative AI efforts in recent months. As the bank invests in technology internally, its innovation with third-party companies continues through its annual TD Ready Challenge, Paige Carlson-Heim, head of U.S. social impact, told Bank Automation News.

AI 78

AI Automation Innovation Continuity 78

Fintech News

AUGUST 26, 2024

Sumitomo Mitsui Banking Corporation (SMBC) has named Atul Bhuchar as the new Head of Transaction Banking Product for its Asia Pacific division. Atul Bhuchar Based in Singapore, Bhuchar will be reporting to Shinichiro Yamazaki, who leads the Global Transaction Banking Department for the Asia Pacific region. With over 27 years in the banking industry, Bhuchar has held notable positions at DBS, HSBC, and Citibank.

APACS 97

APACS Transactions Cash Management Blockchain 97

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

Best Practices

Finextra

AUGUST 26, 2024

Zeta, a provider of next-gen banking technology to financial institutions globally, today announced its partnership with HDFC Bank to power its Credit Line on UPI (CLOU) offerings.

Technology 59

Technology 59

Fintech News

AUGUST 26, 2024

Parenthood is increasingly seen as a major financial hurdle in Singapore, with over 40% of respondents in a recent Singlife survey believing that having children will delay their retirement and financial freedom by 14 to 15 years. Half of the respondents estimate that raising a child in Singapore costs more than S$500,000 from birth to 21 years of age, based on a median monthly expense of S$1,918.

Consumer 95

Consumer Security Financial Inclusion FinTech 95

Finovate

AUGUST 26, 2024

In a recent post about the themes of FinovateFall 2024 (New York City, September 9 – 11), we recognized just how much our demoing companies were leveraging AI to help build innovative financial solutions in everything from payments and lending to cybersecurity and regulatory compliance. Financial services and fintech have truly entered the AI era.

AI 59

AI Credit Union Research Regulatory Compliance 59

Fintech News

AUGUST 26, 2024

Backbase has implemented a digital banking platform for Australia’s MyState Bank to support the bank’s future growth and improve its digital services. The platform now supports MyState’s personal digital banking features, including personal finance management, payments like Pay ID and digital wallets, as well as integrated threat and fraud protection.

Security 76

Security Finance Technology FinTech 76

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.

Payments

Finextra

AUGUST 26, 2024

Visa is in talks with Featurespace about a £700 million acquisition of the British financial fraud fighting outfit, according to Sky News.

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The Paypers

AUGUST 26, 2024

Nordic cloud-native core banking platform vendor Vilja has announced its decision to add deposit solutions for Austria and Ireland to its Vilja Platform.

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Finextra

AUGUST 26, 2024

AIB is the latest bank to introduced a voluntary block feature on debit and credit card transactions linked to gambling.

Blocks 72

Blocks Credit Cards Transactions 72

Bank Automation

AUGUST 26, 2024

Fintech funding hit a four-year low globally in the first half of 2024, but nearly three-quarters of the money raised went to North America, followed by Europe. North America firms raised 69% of the $51.

FinTech 61

FinTech 61

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.

Continuity

Finextra

AUGUST 26, 2024

It is high time for banks to move away from legacy thinking and embrace modernisation to remain competitive in the industry. Financial institutions have long been threatened by innovative, tech-savvy fintech firms that do not have to maintain decades-old back-office systems. Core banking systems within banks have evolved, but with additional pressure from incoming regulation and subsequent repor.

Technology 52

Technology Regulations Innovation FinTech 52

Fintech Review

AUGUST 26, 2024

Tortola, British Virgin Islands, August 26th, 2024, Chainwire Warden , the sovereign AI execution network, announced the alpha release of its new artificial intelligence product – the Artificial Intelligence Blockchain Interface (AIBI). AIBI brings AI on-chain with an intuitive interface for developers to integrate AI into their applications.

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Blockchain AI Privacy Use Case 52

Finextra

AUGUST 26, 2024

MoneyGram International, Inc. ("MoneyGram" or the "Company"), a leading global financial technology company that connects the world's communities, today announced the appointment of Josh Gordon-Blake as Chief Digital Officer.

Technology 52

Technology 52

Paystand

AUGUST 26, 2024

Table of Contents Does NetSuite do eCommerce? Does NetSuite have a Native B2B eCommerce Platform? NetSuite Add-Ons and Apps Challenges of Separate Systems vs.

B2B 52

B2B 52

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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.

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Finextra

AUGUST 26, 2024

Bitpanda Technology Solutions, the leading digital assets infrastructure provider, announced a strategic partnership with CoinMENA B.S.C., a leading crypto asset platform licensed by the Central Bank of Bahrain and sister company CoinMENA FZE, licensed by the Dubai Virtual Asset Regulatory Authority (VARA).

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Central Bank Authorization Technology 52

The Paypers

AUGUST 26, 2024

Weyay Bank has launched a new Multicurrency Prepaid Card designed for its digital banking app users.

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Finextra

AUGUST 26, 2024

Koho has always built products that help Canadians make financial progress. Today, with the launch of Rent Reporting, KOHO is making healthy credit more accessible to all. New and existing Koho members who pay rent through Koho will have rent payments reported directly to the credit bureau, helping build credit history.

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Product Payments 52

The Paypers

AUGUST 26, 2024

Germany-based financial institution Deutsche Bank has announced that it reached reconciliation with a part of the plaintiffs who made accusations in Postbank ’s acquisition.

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Reconciliation 41

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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.

Payments