The Fintech Times
DECEMBER 18, 2023
It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re pleased to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.
Finextra
DECEMBER 18, 2023
Apple, Visa and Mastercard are facing a class action lawsuit over allegations that they conspired to suppress competition in the market for point-of-sale payment card services.
The Payments Association
DECEMBER 18, 2023
Cellbunq, a leading platform provider for B2B and B2C onboarding, is announcing its latest feature to its compliance platform; a merchant onboarding system that can be completed in less than a minute by users from around the globe. This innovative addition ensures that companies do not miss out on potential conversions from clients eager to sign up.
Finextra
DECEMBER 18, 2023
Real-time payments platform Volt has teamed up with sustainability fintech ekko to help retailers and their customers support the removal of plastic bottles from the ocean.
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
Basis Theory
DECEMBER 18, 2023
Estimates suggest that somewhere between 36% and 50% of all transactions worldwide are now completed digitally. While this may not come as a surprise to many, what may be surprising is just how many digital payment flows are inefficient and difficult to use.
The Fintech Times
DECEMBER 18, 2023
Buy now, pay later (BNPL) companies across the globe continue to grow – particularly in the build-up to the festive period, as consumers look to offset their costs. However, despite this trend, concerns about the space remain due to a lack of regulatory oversight. In response, the Saudi Central Bank (SAMA) is now taking action. The Saudi Central Bank has now issued new ‘ Rules for Regulating Buy Now Pay Later (BNPL) Companies ‘ as part of its role in supervising and controlling
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
NFCW
DECEMBER 18, 2023
SCAN: Availability is being expanded from NFC on Android phones to QR Codes on all smartphones Consumers in Korea can now make cash withdrawals and deposits at ATMs by scanning a QR code with their Apple or Android smartphone rather than needing to use a physical bank card. The service launched by the Bank of Korea is being made available by 17 banks including Shinhan Bank , KB Kookmin Bank , Hana Bank , Woori Bank and NH Nonghyup Bank , enabling users to deposit or withdraw cash at their ATMs f
Finextra
DECEMBER 18, 2023
As 2023 draws to a close, the insurance industry faces a landscape rich with possibilities and fraug.
Fintech News
DECEMBER 18, 2023
The Monetary Authority of Singapore (MAS) has instructed remittance companies to only work with banks, card network operators such as UnionPay International, or licensed financial institutions to transfer funds to China for the next three months, beginning from 1 January 2024 to 31 March 2024. This temporary suspension will give remittance companies 14 days to adjust their practices and complete ongoing remittances.
Payments Dive
DECEMBER 18, 2023
In denying a petition submitted by Coinbase, the agency has concluded rulemaking isn’t needed for issuers and intermediaries to know which – and how – crypto assets fit within securities law.
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.
The Fintech Times
DECEMBER 18, 2023
Circle Internet Financial (Circle), the digital fintech firm, is partnering with Fuze , MENA’s digital assets infrastructure provider, to explore digital assets initiatives. Circle, the issuer of the US-dollar-backed stablecoin USDC, has plans to work alongside Fuze to expand the adoption of USDC amongst new customers in the region, such as banks, fintechs, traditional enterprises and Web3 firms.
Finextra
DECEMBER 18, 2023
Banco Santander is to stop bank transfers for Facebook Marketplace payments in cases where a customer has not seen the item in person.
Bank Automation
DECEMBER 18, 2023
Efficiency and cost-savings are two reasons financial institutions are tapping into their cloud providers’ AI capabilities rather than building the technology in-house. The cloud is serving as a gateway to financial institution clients to “reap the benefits of AI,” William Borden, corporate vice president of worldwide financial services at Microsoft, told Bank Automation News.
Global Fintech & Digital Assets
DECEMBER 18, 2023
The proposal would subject certain large non-bank companies offering wallet and payment services to federal regulatory oversight on par with banks and credit unions. By Jenny Cieplak , Parag Patel , Barrie VanBrackle , and Deric Behar On November 7, 2023, the Consumer Financial Protection Bureau (CFPB) proposed a rule, Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications (the Proposal), to supervise large providers of digital wallets and payment apps.
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.
Clearly Payments
DECEMBER 18, 2023
As technological advancements continue to unfold, the payment landscape in the United States is poised for a transformative journey in 2024 and beyond. These key trends are set to redefine how consumers and businesses engage with payments, introducing innovation and unparalleled convenience. The Continued Surge of Contactless Payments Contactless payments , facilitated by tap-to-pay cards, mobile wallets , and wearable devices, are set to maintain their upward trajectory.
Finextra
DECEMBER 18, 2023
In today's digital age, online transactions have become the norm across various sectors. Transaction.
Bank Automation
DECEMBER 18, 2023
Financial institutions including asset management firm Lazard and technology provider Fiserv are looking to business automation platform UiPath for automation, AI and added.
Finextra
DECEMBER 18, 2023
Visa is expanding its North America Fintech Fast Track programme beyond card issuance to connect members to its real-time money movement platform.
Advertisement
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.
Finovate
DECEMBER 18, 2023
Finovate alums raised more than $1.2 billion in equity funding in 2023. The total funding for the year reflects the continued slowdown in fintech funding that began in 2022. Previous Annual Comparisons 2022: $2.7 billion 2021: $8.4 billion 2020: $3.9 billion 2019: $3.0 billion 2018: $4.0 billion In the fourth quarter of 2023, eleven Finovate alums raised more than $307 million in equity funding.
Finextra
DECEMBER 18, 2023
The US Department of Justice is cracking down on fraud networks that steal money from consumer bank accounts and then use 'microtransactions' to hide their activity.
The Fintech Times
DECEMBER 18, 2023
Sustainability has emerged as one of the biggest, if not the biggest, talking points in fintech this year. Following COP28, we sat down with Essal to learn about the company’s solution to tackling the climate crisis. Environmental social and governance (ESG) is something that organisations must make a priority or risk falling to the wayside as competition that does prioritise it will succeed.
Finovate
DECEMBER 18, 2023
Digital conversations platform Eltropy announced a partnership with Magnifi Financial. The two companies will work to build and launch Generative AI-based solutions for employees, customers, and members of community financial institutions. Eltropy most recently demoed its technology at FinovateFall 2022 in New York. Digital conversations platform Eltropy and Magnifi Financial are working together to launch Generative AI solutions to enhance employee training and improve the customer/member exper
Advertisement
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.
The Fintech Times
DECEMBER 18, 2023
Waave , an open banking payment technology provider, has joined forces with payments solution provider Quest Payment Systems (Quest), as well as retail pharmacy group, Chemist Warehouse , to introduce a new open banking checkout option across Chemist’s 500 stores across Australia. Waave enables customers to pay directly from their bank account in real-time with ‘Pay by Bank’, the open banking-powered payment method.
FloQast
DECEMBER 18, 2023
With just a few days left in 2023, the team here at FloQast is in a reflective mood. There was some exciting product news , followed closely by some more exciting product news. There was the launch of free public CPE/CPD courses for all. We launched an all-new brand strategy , a look and feel that just feels… fresh. FloQast found itself on the Deloitte Fast 500 list , and made its debut on the Inc. 5000 list.
The Fintech Times
DECEMBER 18, 2023
The new generation has quickly become obsessed with payments personalisation. While personalisation has firmly established itself as a mainstream feature in Europe and the US, it still has considerable room for growth in emerging markets. One startup tackling this issue is Lune. Research from Amazon Payment Services has shed light on the evolving preferences of younger generations and revealed that Gen Z in the Middle East and Africa (MEA) region generally prioritise personalisation over privacy
Finextra
DECEMBER 18, 2023
Buy now, pay later startup Tamara has become Saudi Arabia's first home-grown fintech unicorn with a $340 million funding round.
Advertisement
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.
Bank Automation
DECEMBER 18, 2023
Efficiency and cost-savings are two reasons financial institutions are tapping into their cloud providers’ AI capabilities rather than building the technology in-house. The cloud is serving as a gateway to financial institution clients to “reap the benefits of AI,” William Borden, corporate vice president of worldwide financial services at Microsoft, told Bank Automation News.
Finextra
DECEMBER 18, 2023
The European Payments Initiative has completed its first account-to-account instant payment transaction in a proof-of-concept between customers from Sparkasse Elbe-Elster in Germany and Banque Populaire and Caisse d’Epargne (Groupe BPCE) in France
Neopay
DECEMBER 18, 2023
The FCA has proposed new rules to maintain reasonable access to cash for personal and business customers across the UK. This follows new powers granted to the FCA by the Financial Services and Markets Act 2023. Under the FCA’s proposals, designated banks and building societies will need to assess gaps in access to cash. These assessments need to take into account local factors such as demographics and transport.
Ikajo
DECEMBER 18, 2023
In the busy and fast-paced modern world, speed and smoothness are essential when it comes to making payments. The quest for seamless and efficient online transactions has led businesses to explore innovative solutions. Among these, white-label payment gateways have emerged as a game-changer, offering a customizable cutting-edge approach to payments.
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.
Expert insights. Personalized for you.
139 
Let's personalize your content