Wed.Feb 14, 2024

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Banking Tech Awards USA – FinTech Futures

Open Banking Excellence

30th May 2024 Live Event Linkedin Twitter Banking Tech Awards The Banking Tech Awards USA are returning for 2024! The Banking Tech Awards USA is now in its third year! Nominations for 2024 are now open and close on February 23 2024. The 2024 awards gala dinner ceremony will take place at the spectacular 583 Park Avenue in New York on May 30 2024. More information on how to submit a nomination can be viewed here.

FinTech 130
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ECB will only use European suppliers for digital euro build

Finextra

The European Central Bank has been explaining to MEPs its decision to search for possible providers to develop a digital euro platform and infrastructure.

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FStech Awards

Open Banking Excellence

14th March 2024 Live Event Linkedin Twitter FStech Awards Now in its 24th year, the FStech Awards recognise and celebrate companies which have demonstrated excellence and innovation within the UK and EMEA financial services sector I want to Attend! Helen Child, Founder & CEO, Open Banking Excellence The post FStech Awards appeared first on Open Banking Excellence.

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How better regulation can power up UK fintechs

The Payments Association

How regulatory reforms and increased capital can drive UK fintech expansion Read more

FinTech 167
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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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UK Fintech Awards

Open Banking Excellence

25th April 2024 Live Event Linkedin Twitter UK Fintech Awards Welcome to the UK FinTech Awards The UK is home to the world’s premier financial services centre and a burgeoning financial technology market. These awards were developed to celebrate this incredible community, and the achievements and successes of the UK’s best and brightest. Comedian Rob Beckett will host the UK FinTech Awards 2024 on 25 April at the Leonardo Royal Hotel London Tower Bridge.

FinTech 130
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Senator calls card CEOs on congressional carpet

Payments Dive

Sen. Dick Durbin, sponsor of a card network competition bill, urged the CEOs of Visa and Mastercard to appear at an April congressional hearing and not send their underlings.

Visa 103

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Bitcoin Depot expands footprint by 400 ATMs

Payments Dive

The bitcoin ATM operator is adding to its fleet as it sees “a lot of demand,” according to COO Scott Buchanan.

ATM 172
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To meet customer expectations, PSPs must prioritise end-to-end reconciliations

The Payments Association

The payments sector’s success and growth over the past decade can largely be attributed to firms’ ability to meet and exceed customer’s expectations. Unlike established banks, fintechs are largely free from the legacy tech stacks that slow down banks from modernising. So Payment Service Providers (PSPs) can anticipate customer needs and provide services that address their problems.

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Trade Finance Poised for Digital Revolution Though Obstacles Remain

Fintech News

The trade finance industry has been aspiring for greater digitalisation, striving to tap into potential benefits such as improved transparency, efficiency, risk mitigation and support for small and medium-sized enterprises (SMEs). But despite some progress, advancements have been slow for the past few decades due to legal obstacles, the lack of standards, and the need for unifying technologies, a new paper by Deutsche Bank says.

Finance 117
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Beyond Manual Processes: Embracing AP Automation

The Fintech Times

As businesses adapt to the accelerating pace of technological change and new e-invoicing mandates, one aspect of financial management stands out – accounts payable (AP) automation. Crucial for organisations worldwide, this transformation rewrites the rules and offers a seamless alternative to tedious data entry, high processing costs, and lost invoices, promising a new era of financial agility.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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Visa, Mastercard to Stop Commercial Card Payments via Fintech Intermediaries in India

Fintech News

The Reserve Bank of India (RBI) has directed major card networks Visa and Mastercard to pause transactions involving card-based payments for commercial services like rent or vendor payments that are processed through third-party fintech companies, according to Reuters. This directive, as informed by sources close to the matter, is aimed specifically at transactions facilitated by a niche sector within fintech known as business payment solution providers (BPSPs).

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6 Ways Loan Management Software Can Help Lenders Deliver Excellent Customer Experiences

Finezza

With rapid digitalisation, we are also witnessing a shift in the lending sector as the number of secured and unsecured loans continues to move in an upward trajectory year-on-year. As per recent estimates: Unsecured personal loans have increased by almost 4x in the period between FY 17 and FY 23, from 4.26 lakh crore in […] The post 6 Ways Loan Management Software Can Help Lenders Deliver Excellent Customer Experiences appeared first on Finezza Blog.

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Alipay+’s Network Grows in Thailand, Accepts Payments from 13 Global E-Wallets

Fintech News

Ant International’s Alipay+ can now accept cross-border payments by 13 international e-wallets of which 9 were recently enabled. The nine newly added digital wallets include MyPB by Public Bank Berhad from Malaysia, Naver Pay and Toss Pay from South Korea, Changi Pay and OCBC Digital from Singapore, GCash from the Philippines, Hipay from Mongolia, MPay from Macao SAR, China, and Tinaba from Italy.

SARS 110
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Merchant Account Reserves: A Strategic Risk Management Tool for Banks

Fi911

Merchant accounts, while essential for facilitating electronic transactions, inherently carry a level of risk. To mitigate this risk, banks may mandate the establishment of a merchant account reserve, which involves setting aside a predetermined portion of a merchant’s revenue. A merchant account reserve is a predetermined portion of a business’s revenue held in reserve by an acquiring bank.

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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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KogoPAY, Siam Commercial Bank to Ease Payments for European Tourists in Thailand

Fintech News

KogoPAY, a UK fintech providing banking and mobile payment services for B2B and B2C, announced that it has forged a partnership with the Siam Commercial Bank (SCB). The collaboration aims to facilitate easier payments and ATM withdrawals for British and European tourists in Thailand. The partnership focuses on the implementation of QR code payment and ATM withdrawal services, leveraging Thailand’s PromptPay system.

ATM 108
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Building on a Strong Foundation: How FloQast Compliance Management Supports A.K.A. Brands’ Compliance Function

FloQast

In the fast-paced finance and accounting world, keeping up with regulations and ensuring a smooth Close are crucial organizational processes. With its Close operating smoothly, a.k.a Brands jumped at the opportunity to try out FloQast Compliance Management. Let’s take a look at how FloQast helped the Director of SOX Compliance and Head of Internal Audit at a.k.a Brands , Brandon Peters, optimize processes, streamline compliance efforts, and boost efficiency.

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IFC Invests US$23.8M in Thai Credit Bank to Support Women-Led MSMEs

Fintech News

The International Finance Corporation (IFC) has made a substantial equity investment of up to US$23.8 million (THB 844 million) in Thai Credit Bank Public Company Limited to boost small business financing in the country with a particular focus on women-owned or led firms. The investment, a part of the Thai Credit Bank’s Initial Public Offering (IPO), marks IFC’s first foray into the Thai banking sector as a cornerstone investor.

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Citi tests tokenisation of private funds

Finextra

Citi has joined forces with Wellington Management and WisdomTree to explore the tokenisation of private markets.

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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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Maybank Singapore Adds JCB Cards to Accepted Payment Methods

Fintech News

Japanese credit card company JCB International has expanded its card acceptance network through a partnership with Maybank Singapore. This collaboration enables JCB cardholders to use their cards at Maybank’s merchant terminals in Singapore, adding to the existing acceptance in Malaysia and Indonesia. This move signifies a significant step for JCB, as Singapore is a major travel destination in Southeast Asia, attracting 13.6 million tourists in 2023, with a significant number coming from r

Payments 105
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Building a Real-Time Cyber Security Response to Real-Time Payment Fraud

Finextra

The real-time payments industry is evolving and expanding. Today, real-time payments reach 65% of de.

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German Regtech Hawk AI Appoints Robin Lee to Lead APAC Operations

Fintech News

Hawk AI, a Germany-based provider of artificial intelligence technology for fraud detection and anti-money laundering efforts, has announced Robin Lee as the new General Manager for its Asia-Pacific (APAC) operations. Lee brings extensive experience in regulatory technology and anti-financial crime, with previous positions at Thomson Reuters, LSEG, Refinitiv and Napier Technologies, where he spearheaded the APAC division.

APACS 106
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Cannabis and CBD Merchants: Payments Best Practices

Basis Theory

Payments for cannabis and hemp companies, whether dispensaries, growers, or other merchants, can be quite complex.

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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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Fintech Funding in Asia Sees Positive Signs Despite 56% Plunge

Fintech News

Fintech funding in Asia (including the Middle East) plunged by a significant 56% in 2023, carrying a downtrend that started the year prior, new data released by market intelligence and business analytics platform CB Insights reveal. Total fintech funding in the region reached a total of US$7.3 billion in 2023, down from US$16.7 billion in 2022 and the all-time high of US$24.9 billion secured in 2021, the data show.

FinTech 97
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Adyen eyes growth in North America

Payments Dive

Davi Strazza, Adyen’s head of North America, pointed to the Dutch processor’s single technology platform as setting it apart in a crowded field of payments players.

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An Overview of the Payments Ecosystem in 2024

Clearly Payments

In today’s global economy in 2024, the financial transactions has evolved into a dynamic ecosystem, where a multitude of players work together to facilitate fast and secure payment processing. From independent sales organizations (ISOs) and payment facilitators (PayFacs) to acquirers, card associations, and beyond, each entity plays a unique role in shaping the payment industry.

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Transactions: HSBC’s tech finance team partners with Google Cloud

Bank Automation

HSBC is teaming with Google Cloud to provide financing to climate-mitigating companies on the cloud provider’s network. Google Cloud will connect the companies with HSBC’s climate tech finance team to explore venture debt financing options, according to a Feb. 8 release.

Finance 78
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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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Gig Economy and Millennial Momentum: Key Trends Shaping the Prepaid Card Market in 2024

Finextra

The prepaid card sector stands at a dynamic crossroads, marked by fierce competition and expansive g.

Economy 99
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Now hiring: AI talent

Bank Automation

Financial institutions are identifying uses for AI throughout their operations, creating increased demand for data scientists in the financial services industry. “We’re seeing a rapid push into the hiring of data scientists,” Kevin Green, chief product and marketing officer at software development company Truent, told Bank Automation News.

AI 72
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Key to Avoiding Communication Compliance Fines as 16 Firms Penalised by SEC

The Fintech Times

The US Securities and Exchange Commission (SEC) has always been very strict about the improper use of messaging apps such as WhatsApp. Sixteen new perpetrators have been identified by the US regulator as fines between $16.5million and $1.25million have been issued accordingly. Previously, organisations have had to pay fines in excess of $100million.

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NPCI to launch real-time payment link between India and US

The Paypers

The National Payments Corporation of India has launched a new initiative to implement a real-time payment link between India and the US.

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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.