Wed.Jun 26, 2024

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Securing Your Wealth: How Cybersecurity Affects Investment Decisions

VISTA InfoSec

The frequency and sophistication of cyber threats make cybersecurity a critical factor in any company. Therefore, investors should be more vigilant, recognizing that a company’s cybersecurity posture can significantly impact its financial health and stability. This article highlights the need for robust cybersecurity strategies and how these can determine investment decisions.

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Amex banks on spending at high-end restaurants

Payments Dive

Analysts say American Express wants to cash in on the restaurant industry’s success and give customers admission to hard-to-access premium experiences.

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Europe FinTech Awards

Open Banking Excellence

11th July 2024 Live Event Linkedin Twitter Europe FinTech Awards Welcome to the Europe FinTech Awards Europe is home to many of the world’s premier financial services centres and a burgeoning financial technology market. These awards were developed to celebrate this incredible community, and the achievements and successes of Europe’s best and brightest.

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Bank of America zeroes in on banking app innovation

Payments Dive

The team behind the bank’s CashPro app aims to stay a step ahead of rivals, including with payment approval features.

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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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Evolve Bank confirms data stolen by ransomware gang

Finextra

Days after claiming that it had hacked the US Federal Reserve, the Russia-linked LockBit ransomware gang has posted stolen customer data from Evolve Bank & Trust on the dark web.

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Navigating the Challenges of the Digital Payments Landscape

The Payments Association

The digital payments landscape is evolving rapidly due to technological advancements and changing consumer preferences. Key challenges include ensuring payment security amidst increasing cyber threats, which necessitates the use of robust encryption, tokenization, and fraud detection systems. Simplifying complex payment processes through integrated solutions can enhance efficiency and reduce costs.

More Trending

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Qover Launches AI Solution to Settle Insurance Claims in Just Minutes of Approval

The Fintech Times

Claim settlements in the insurance industry can take a long time. Looking to reduce the wait time following approval to mere minutes, insurtech Qover is launching a new AI-enabled solution. The new AI solution will be overseen by Qover employees to ensure pain points in the insurance claims settlement journey are eased, as it looks to be easily integrated into any brand or risk carrier’s existing systems, the new service will improve the speed Traditional insurance experiences can often ha

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Google Ventures leads $18 million round in Climate X

Finextra

Climate risk intelligence company Climate X has raised $18 million in a Series A investment round led by Google Ventures with support from by Pale blue dot, CommerzVentures, A/O, Blue Wire Capital, PT1, Unconventional Ventures and Western Technology Investment (WTI).

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Snowblind Malware Emerges as Major Threat to Banking App Security

The Fintech Times

A dangerous new strain of malware has emerged, posing a severe threat to banking app users and leading to significant financial losses and fraud, cybersecurity experts have warned. Promon, a provider of mobile app security solutions, has named the first-of-its-kind malware ‘Snowblind’ It makes use of a novel attack vector, exploiting functionalities in the Android operating system to bypass anti-tampering mechanisms.

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MUFG and Krungsri Finnovate Invests US$195 Million in Thailand’s Ascend Money

Fintech News

Mitsubishi UFJ Financial Group (MUFG) is leading a US$195 million investment in Thailand’s digital payment and financial service provider, Ascend Money , alongside Krungsri Finnovate. Ascend Money, backed by Thailand’s Charoen Pokphand Group, has 30 million active users and a strong presence in consumer payments and financial services. The company partners with major businesses like True Corp and 7-Eleven.

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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.

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Nubank buys Hyperplane to push AI-first strategy

Finextra

Nubank is doubling down on its AI-first strategy with the acquisition of Silicon Valley-based data intelligence outfit Hyperplane for an undisclosed fee.

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New fintech Sibstar features on BBC Morning Live

The Payments Association

Jayne Sibley, CEO and co-founder of Sibstar, shares the impactful work Sibstar is doing to support people with dementia. Recently featured on BBC Morning Live, Jayne discussed how Sibstar's unique debit card and app help families manage daily spending safely. Traditional banking systems often fail these individuals, leading to financial exclusion. Sibstar addresses this issue with features like spending limits and real-time notifications, allowing people living with dementia to maintain their fi

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Profitability Holds the Key for Fintech’s Revival, Not Growth at All Costs

The Fintech Times

A few years ago, many fintech leaders saw ‘growth at all costs’ as the most important factor for their business to survive. After all, the fintech market was booming. In the wake of this hype though, many firms were forced to call it quits. Nonetheless, the industry remains resilient as between 2021 and 2023, fintech revenues grew by 14 per cent.

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Study: Accountants Understand Financial Transformation’s Importance, but Lack Cohesive Adoption Plans

FloQast

Learn why 96% of CFOs are familiar with financial transformation, compared to fewer accountants, and how this affects organizational strategies. Explore the top priorities driving financial transformation for 39% of CFOs and 42% of accountants, and the challenges they face in implementation. Dive into the role of AI and automation, preferred by 37% of CFOs and 30% of accountants, and their impact on productivity and process improvements.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

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.

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Ant International Supports Digitalisation for Nearly 100 Million MSMEs Globally

Fintech News

Ant International, a global digital payment and financial technology provider, announced that it supports nearly 100 million micro, small, and medium-sized enterprises (MSMEs) worldwide. The company also revealed the launch of its global “Embrace the Power of Small” campaign, coinciding with International MSME Day today (27 June). Ant International offers a variety of solutions that enable MSMEs to digitise and unlock growth opportunities.

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Collaboration is key to achieving growth in transaction banking

Finextra

At EBAday 2024, Bana Akkad-Azhari, Head of Treasury Services EMEA at BNY, discusses the innovations, client demands, and regulatory changes, like ISO20022 migration and T+1 settlement transition, that are reshaping transaction banking. Amid inflation and geopolitical instability, the conversation focuses on how collaboration is key to overcoming challenges and achieving sustainable growth.

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Singapore Strengthens AML Efforts with National Asset Recovery Strategy

Fintech News

Singapore unveiled its National Asset Recovery Strategy today, aimed at combating illicit finance by recovering funds and assets from criminals and returning them to victims or forfeiting them to the state. Lawrence Wong Prime Minister and Finance Minister Lawrence Wong announced the strategy at the Financial Action Task Force Plenary Meeting, underscoring Singapore’s commitment to bolstering its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) efforts.

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Qonto Announces Partnership With Wise Platform to Bring Faster, Cheaper and More Convenient International Payments to Its Customers

Fintech Finance

Qonto , the leading European business finance solution for SMEs and freelancers, announces today two new features which reinforce its commitment to offer the best business banking solution to its 500,000 customers. The first is a new strategic partnership with Wise Platform , Wise’s market-leading global infrastructure for banks and enterprises, to further enhance Qonto’s cross-border payment capabilities.

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Enhance Customer Value: Unleash Your Data’s Potential

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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Jumio Study: Deepfakes, Fraud Fears Drive Demand for Stronger Bank Security

Fintech News

A recent study by Jumio , a provider AI-driven identity verification and compliance solutions, has found that 78% of consumers in Singapore are ready to change banks due to inadequate fraud protection. The Jumio 2024 Online Identity Study highlights rising concerns among consumers about their banks’ ability to safeguard against fraud, with 75% globally and 78% in Singapore indicating they would switch providers over these issues.

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payabl. Joins the Payments Association EU as It Continues Its Growth Trajectory Across Europe

Fintech Finance

payabl. , one of Europe’s leading PayTech companies, today announced its membership with the Payments Association EU (PA EU). This move underscores payabl.’s expansive growth across mainland Europe and its commitment to providing merchants across the continent with instant and transparent payments. The PA EU serves as a premium forum for decision-makers in the payments industry.

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Tin Pei Ling Now MetaComp Co-President After Short Stints at DCS Card Centre, Grab

Fintech News

Member of Parliament Tin Pei Ling has joined Singapore-based digital asset platform MetaComp as its Co-President. She will drive strategic partnerships and corporate development starting 24 June 2024. MetaComp, a licensed Digital Payment Token Service provider under Singapore’s Monetary Authority (MAS) through MVGX Holdings (MVGXH). Prior to her role at MetaComp, she was the Managing Director at DCS Card Centre for just nine months until June 2024 where she focused on strategic partnership

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Versapay Announces Christy Johnson as Chief Product Officer and Barrett Smith as Chief Payments and Customer Operations Officer

Fintech Finance

Versapay , the leading Accounts Receivable (AR) Efficiency Suite, is excited to announce recent leadership changes within the company. These strategic moves include the promotion of Christy Johnson to Chief Product Officer (CPO) and Barrett Smith to Chief Payments and Customer Operations Officer, with Christina Wedge stepping up as Vice President, Channel Partners.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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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Visa launches digital card replacement service for travellers

Finextra

A new Visa service means that travellers that lose their wallet can now get a digital card replacement via text or email.

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Visa Brings Travelers Peace of Mind with New Digital Card Replacement

Fintech Finance

Digital wallets have become an essential part of the travel experience for many, with 74% of U.S. travelers now using them on their trips1. Kicking off the summer travel season, Visa (NYSE:V), a global leader in digital payments, today announced its Digital Emergency Card Replacement, a new service that promptly delivers a digital card replacement on behalf of card issuers via text or email.

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FTV Capital deepens European business

Bank Automation

Investment firm FTV Capital is expanding its European presence with a London office. The London team of six, led by Richard Earnshaw, will “work on deals in collaboration with FTV’s U.S.

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How Can DEI in Fintech Help Address Broader Societal Inequality?

The Fintech Times

This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). No longer just a trending topic but an essential consideration to not only your business operations but in your offering as well, this topic feels more relevant now than ever before. The fintech industry is known for its innovative, agile reputation, and yet it still faces a significant diversity problem that threatens to halt its growth and stop that innovation moving.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

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.

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Transactions: U.S. Bank teams with Greenlight for family banking

Bank Automation

U.S. Bank has teamed with debit fintech Greenlight Financial Technology to help parents teach financial literacy to their children. “U.S. Bank is the first financial institution to offer Greenlight through an embedded mobile app experience,” Brandon Horne, general manager of partnerships at Greenlight, told Bank Automation News.

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Minna Technologies Finds Subscription Services Lagging Behind Consumer Expectations

The Fintech Times

Changing consumer demands pose the biggest challenge to profitability for two-thirds of subscription businesses over the next decade, according to a new report by Minna Technologies. New research from the embedded subscription management company – Subscription Economy: Evolution Not Revolution – suggests consumers increasingly seek greater flexibility in their subscriptions, such as the ability to pause services and manage multiple subscriptions in one place.

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Virgin Money expands use of AI-powered assistant

Finextra

Virgin Money’s AI-powered virtual assistant, Redi, is being expanded to more customers, having already supported over one million conversations since its launch in March 2023.

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High-Value Essentials Drive BNPL Transactions for Tabby Customers

The Fintech Times

Four-fifths of Tabby shoppers plan to use buy now, pay later (BNPL) services for essential purchases in 2024, according to the MENA-based shopping and financial services app. The study, based on a survey of 2,500 users, reveals that essential items like education, groceries and medical expenses are twice as likely to be bought using BNPL compared to discretionary items such as fashion and beauty products.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

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.