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.
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.
Finextra
DECEMBER 18, 2023
As 2023 draws to a close, the insurance industry faces a landscape rich with possibilities and fraug.
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
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
Banco Santander is to stop bank transfers for Facebook Marketplace payments in cases where a customer has not seen the item in person.
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
An open banking platform has the power to transform a bank, whether the bank is looking to modernise using technology on-premise, in the cloud or as Software-asa-Service (SaaS). In turn, banks gain access to endless opportunities to engage with customers and scale for massive demand. This event report, in association with Temenos, highlights the key takeaways from Temenos Community Forum 2023 tha.
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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?
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.
Finextra
DECEMBER 18, 2023
In today's digital age, online transactions have become the norm across various sectors. Transaction.
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
Visa is expanding its North America Fintech Fast Track programme beyond card issuance to connect members to its real-time money movement platform.
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
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.
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.
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.
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.
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.
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.
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
Buy now, pay later startup Tamara has become Saudi Arabia's first home-grown fintech unicorn with a $340 million funding round.
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.
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.
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.
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.
Finextra
DECEMBER 18, 2023
In the first four articles of this series (Current Techniques in Identity Verification: Establishing.
The Fintech Times
DECEMBER 18, 2023
The emergence of AI has provided fraudsters with another weapon in an already expansive arsenal of ways to attack firms. As a result of AI and other emerging technologies, the need for accurate and secure authentication is at an all-time high. Tending to this need, Zally , the continuous authentication platform, is building up for its launch in 2024.
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Finextra
DECEMBER 18, 2023
Visa is to acquire a majority stake in Mexican payments processor Prosa.
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
Revolut has suspended some crypto services for business users until it gets up to speed with new regulations on financial promotions.
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