Payments Dive

JUNE 17, 2024

Shift4 is on an acquisition spree after making a new investment in the point-of-sale supplier, and closing of a purchase announced earlier this year.

Acquirers 158

Acquirers 158

Bank Automation

JUNE 17, 2024

Banco Bilbao Vizcaya Argentaria SA is planning to open a digital consumer bank in Germany, using existing technology to expand at relatively low cost. The project is led by Javier Lipuzcoa, the head of BBVA’s digital bank in Italy, according to people familiar with the matter.

Consumer 123

Consumer Technology 123

Payments Dive

JUNE 17, 2024

By offering financial services tools and features, SaaS platforms can become stickier and more indispensable to SMBs.

Embedded Finance 158

Embedded Finance Finance 158

The Fintech Times

JUNE 17, 2024

According to research from fraud prevention platform Ravelin , the UK economy and businesses that reside within it are at great risk, as the UK’s online fraud presence has increased the most out of 10 countries surveyed in the past 12 months. In its fourth edition of the Fraud and Payments Survey Ravelin has revealed that 84 per cent of UK merchants have confirmed an increase in online fraud.

Research 122

Research Fraud Prevention AI Verification 122

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

Finextra

JUNE 17, 2024

Apple is killing off its buy now, pay later service just a year after launch as it switches its focus to working with third parties for instalment loans.

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128

Fintech News

JUNE 17, 2024

The global wealth management industry is undergoing a profound transformation, including in Asia, driven by the convergence of technological advancements like artificial intelligence (AI), shifting investor preferences, and evolving economic conditions. Capgemini’s World Wealth Report 2024, now in its 28th edition, reveals that high-net-worth individuals (HNWI) are reaching unprecedented numbers and wealth levels, with the Asia Pacific region emerging as a hotbed of growth and innovation.

AI 127

AI Value Added Service Innovation Bots 127

Fintech News

JUNE 17, 2024

Digital Care, a device protection and services company based in Poland, rebrands as bolttech Poland. This follows bolttech’s acquisition of Digital Care for an undisclosed sum in October 2023. Founded in 2012, Digital Care has provided customer-centric solutions for device lifecycles in Poland and several markets across Asia, Europe, and Africa.

Agreements 112

Agreements Continuity FinTech Posting 112

The Fintech Times

JUNE 17, 2024

Stratyfy, a women-led fintech company, has revealed that its advanced AI technology can significantly enhance credit decisioning processes for small to midsize banks. Leveraging Equifax credit data, Stratyfy developed predictive models and strategies to show how its Probabilistic Rules Engine (PRE) compares to traditional decisioning methods in the US.

AI 105

AI Regulatory Compliance Financial Inclusion Rules 105

Finextra

JUNE 17, 2024

Today Danish neobank Lunar debuted a debit card with Scandinavian Airlines (SAS) that allows users to gain and use EuroBonus points.

Debit Card 119

Debit Card 119

The Fintech Times

JUNE 17, 2024

Emirates Development Bank (EDB), the financial engine of UAE economic development and industrial advancement, and Commercial Bank of Dubai (CBD), the UAE-based bank, are joining forces to enhance international trade services. This collaboration will combine the client base and financial operational capabilities of the Emirates Development Bank with the advanced trade finance expertise of the Commercial Bank of Dubai, in an effort to unlock new growth opportunities for businesses across the UAE.

Cross-Border 105

Cross-Border Facilitators Finance Mitigation 105

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Use Case

Fintech News

JUNE 17, 2024

Aussie ETF Manager Betashares Bags A$300M Investment from Temasek Australian fund manager Betashares announced a binding agreement with Singapore’s state investor Temasek for an investment of up to A$300 million. Upon completion, Temasek will hold a minority stake in the company, joining current shareholders, including Betashares staff and TA Associates.

Agreements 103

Agreements Product Innovation Continuity 103

Fintech Finance

JUNE 17, 2024

Mastercard and Thought Machine , a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernise their technology stack. Mastercard’s global network and innovative digital solutions, paired with Thought Machine’s next-generation core banking and payments platform, can enable financial ins

Visa 102

Visa Non-Bank Debit Card Payments 102

Payments Dive

JUNE 17, 2024

The tech giant said it will discontinue its buy now, pay later service and shift to offering consumers alternative payment options.

BNPL 97

BNPL Consumer Payments 97

Fintech Finance

JUNE 17, 2024

Bybit Card from Bybit , one of the world’s top three crypto exchanges by volume, today brings its customers Apple Pay, a safer, more secure, and private way to pay at checkout when using the Bybit app or website to purchase cryptocurrency. Bybit offers competitive currency rates, ensuring users get the best price for their assets. Bybit users can use over 20 fiat currencies to buy cryptocurrencies and from today up to July 1, 2024, 10AM UTC, such transactions will incur zero fees.

Cryptocurrency 96

Cryptocurrency Debit Card Encryption CHIPS 96

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

The Payments Association

JUNE 17, 2024

The Bank of England is modernising its RTGS system to boost resilience, innovation, and cross-border payment efficiency.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Innovation Payments 88

Fintech Finance

JUNE 17, 2024

Shift4 , the leader in integrated payments and commerce technology, has acquired a majority stake in Vectron Systems AG , one of the largest European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals. Based in Germany, Vectron has ~65,000 POS locations across Europe, representing ~€25 billion in volume opportunity with minimal payment monetization today.

Point-of-Sale (POS) 95

Point-of-Sale (POS) Acquirers Advisors Legal 95

FloQast

JUNE 17, 2024

Aspect Energy, a leader in energy investment and exploration, operates across North America, Europe, the Middle East, and South America. With a diverse portfolio and operations spanning multiple continents, the company faced significant challenges in its month-end Close process. Aspect Energy’s monthly Close times ranged from 15 to 45 days, creating delays in financial reporting and decision-making.

Close Processes 96

Close Processes Best Practices Accounts Process 96

Fintech News

JUNE 17, 2024

Revolut’s e-wallet limit in Singapore has increased, allowing users to hold up to S$20,000, up from S$5,000. Additionally, users can now spend up to S$100,000 a year, up from the previous limit of S$30,000. Revolut has also launched a new currency pocket for Indonesian Rupiah (IDR), bringing the total number of currencies available in the app to 34.

Cross-Border 96

Cross-Border Fraud Prevention Financial Crimes Scams 96

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

JUNE 17, 2024

Spain's BBVA is planning to launch a consumer digital bank in Germany, according to Bloomberg.

Consumer 114

Consumer 114

Fintech News

JUNE 17, 2024

Payments giant Mastercard and cloud-native banking technology firm Thought Machine are deepening their partnership to offer improved payments and core banking solutions to financial institutions aiming to modernise their technology infrastructure. By combining Mastercard’s global network and digital innovations with Thought Machine’s advanced core banking and payments platform, the collaboration aims to help financial institutions transition from outdated systems to cloud-native technologies.

Visa 96

Visa Non-Bank Debit Card SWIFT 96

Fintech Finance

JUNE 17, 2024

Nium , the global leader in real-time global payments, today announced a collaboration with Air France and KLM to power “closed loop” electronic payments between the airlines and selected travel agents. The Nium Airline Payments Solution (NAP) provides an alternative to travel agent card transactions, using a private network of trusted UATP authorization rails and bank transfers to offer lower costs, simplified reconciliation, and faster settlement.

Payments 93

Payments Settlement Reconciliation Real Time Payments 93

Payments Dive

JUNE 17, 2024

The fintech plans to continue its strategy of reducing prices for its customers, which is reflected in its forecast, interim CFO Kingsley Kemish said.

Continuity 60

Continuity FinTech 60

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

Fintech Finance

JUNE 17, 2024

The Eurosystem and London Centres of the BIS Innovation Hub, together with the Bank of England , have launched Project Meridian FX, to build on the findings of Project Meridian by focusing on foreign exchange (FX) transactions. The starting point is the concept of the “synchronisation operator” (SO) developed in the first Meridian project.

Real Time Gross Settlement (RTGS) 91

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Interoperability 91

Bank Automation

JUNE 17, 2024

Financial institutions must approach emerging technologies such as AI with experience and empathy at the forefront, New York-based fintech Broadridge Chief Digital Officer Rob Krugman says on this episode of “The Buzz” podcast.

AI 78

AI Consumer FinTech Technology 78

Fintech Finance

JUNE 17, 2024

Whale Cloud , a leading technology company providing software solutions and services for telecommunications and multiple industries, today entered into a strategic partnership with Ant International on the development and global expansion of Alipay+ Wallet Tech, a full suite of payment, e-wallet and Super App solutions provided by Ant International.

Technology 86

Technology Financial Inclusion Money Laundering Risk Management 86

Bank Automation

JUNE 17, 2024

Citizens Bank is looking to add new digital banking solutions for small- and medium-sized businesses to its new Cash Flow Forecasting platform. To keep up with SMB demand for insights and tools, the Providence, R.I.

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75

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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.

AI

Fintech Finance

JUNE 17, 2024

TrueLayer , Europe’s largest open banking payments network, has strengthened its leadership team by appointing Lisa Scott as its first Chief Strategy Officer. In this new role, Scott will oversee the company’s expansion into new markets, drive consumer engagement and accelerate the adoption of its innovative open banking solutions. Lisa Scott joins TrueLayer from the fintech Banked, where she was CEO for Europe, spearheading regional growth in open banking.

Consumer 85

Consumer Alternative Payment Methods PayPal Use Case 85

Finextra

JUNE 17, 2024

The Eurosystem and London Centres of the BIS Innovation Hub, together with the Bank of England, have launched Project Meridian FX, to build on the findings of Project Meridian by focusing on foreign exchange (FX) transactions.

Settlement 72

Settlement Innovation Transactions 72

BioCatch

JUNE 17, 2024

UEFA Euro 2024 kicked off on Friday, with Scotland’s match against Germany in Munich (the Germans opened the tournament with a 5-1 win). The Copa América starts later this week, and Paris hosts the Olympics at the end of July.

Fraud Prevention 64

Fraud Prevention 64

Finextra

JUNE 17, 2024

Thought Machine has become Mastercard's first strategic end-to-end core banking partner, with the pair offering their combined capabilities to financial institutions looking to modernise their technology stacks.

Visa 72

Visa Technology 72

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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