Mon.Feb 26, 2024

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Self-checkout promises ultimate convenience. Is it doing its job?

Payments Dive

The process can make for faster, easier experiences, but it needs regular attention and helpful associates to thrive, consultants said.

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Will Central Bank Digital Currencies (CBDCs) Impact Cross-Border Payments in 2024?

The Fintech Times

Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. As of December 2023, 130 countries, representing 98 per cent of global GDP, were exploring central bank digital currencies (CBDCs) according to the Atlantic Council ‘s CBDC tracker.

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EU adopts instant payments rules

Finextra

The European Council has adopted a regulation that will make instant payments fully available in euro to consumers and businesses in the EU and in EEA countries.

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More Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand

Fintech News

The fintech industry, having navigated through the turbulent waters of the COVID-19 pandemic, has demonstrated not only resilience but also a robust capacity for growth. This period of upheaval has catalysed a significant transformation within the sector, with fintech firms adapting to and capitalising on the changing landscape of consumer demands and regulatory environments.

FinTech 142
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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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BNY appoints Gerdeman as global head of data and analytics

Bank Automation

BNY Mellon has appointed Julie Gerdeman as its global head of data and analytics. Gerdeman will be responsible for managing software and data for nearly $47 trillion of assets managed by BNY, according to a Feb. 20 release.

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Grow London Global?Leads Tech Trade Mission to Dubai

The Fintech Times

London & Partners , the business growth and destination agency, is leading a delegation of fintech, enterprise and sustainability companies to Dubai later this month, to help the firms explore commercial opportunities and prepare for expansion to the United Arab Emirates (UAE). A total of 24 innovative tech companies from London are taking to Dubai from 26 to 28 February, seeking new opportunities in the region.

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Three drivers for better B2B payments: Speed, security and efficiency

The Payments Association

Finding and implementing the best payments infrastructure can be complex and challenging. However, getting the right processes and partners in place can help to boost growth and drive efficiencies. The research reveals three main drivers for digitising B2B payments.

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Recurring Payments: Definition and Implementation Best Practices

Stax

The commerce landscape—whether it’s retail, services or software—is moving faster than ever. That’s why businesses are constantly seeking innovative ways to streamline operations and enhance customer experiences. We can see this trend in action in the realm of payment processing with the advent of recurring payments, also known as automatic payments.

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Google Pay to shut down in the US

Finextra

Google is rejigging its mobile payments services again, killing off Google Pay in the US in favour of Google Wallet.

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Would My Business Benefit From Using A Contactless Virtual Terminal?

Stax

Every business operates differently, but the one thing they all have in common is that every business accepts payments. New payment tools like NFC contactless payments that help your business grow and provide a high-quality customer experience are in high demand. And while solutions like POS systems are perfect for in-person payments, what about when you need to offer remote billing or refunds, or if you need to process a customer’s credit card over the phone?

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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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Flagright and SALT to Bolster Compliance and Fraud Prevention for SMEs

Fintech News

Flagright, an AI-native company specialising in Anti-Money Laundering (AML) compliance and fraud prevention, has announced its partnership with SALT, a financial platform aiming to support Small and Medium Enterprises (SMEs) in India and Asia. SALT plans to integrate Flagright’s AML and fraud prevention solutions to enhance its service offerings to SMEs, providing them with more secure and innovative financial services.

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Geoff Seeley Joins PayPal as Chief Marketing Officer

PayPal

Seeley brings over 25 years of global brand, digital, and performance marketing expertise to PayPal and its family of brands, including Venmo.

PayPal 109
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Netcetera and G+D Launch New 3DS Server in India to Enhance Digital Payments

Fintech News

Netcetera, a Swiss software company providing digital payment solutions, and Giesecke+Devrient (G+D) have launched a new 3D Secure (3DS) server instance in Mumbai, India, marking a significant step in supporting the expansion of global businesses into the region. This move comes as a response to the increasing demand for secure, efficient, and regulatory compliant digital payment solutions in India and the Asia-Pacific (APAC) region.

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FIS promises expanding profit margins

Payments Dive

Fidelity National Information Services promised bigger profit margins this year from its newly reconfigured business focused on banking and capital markets.

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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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Former Funding Societies CTO Ishan Agrawal Launches YC-Backed Branch AI

Fintech News

Ishan Agrawal, the former Group Chief Technology Officer of SME digital finance platform Funding Societies, has embarked on a new entrepreneurial journey with the co-founding of Branch AI. With over 7 years of experience in building and scaling Funding Societies from seed stage to Series D, Agrawal, alongside co-founders Govind Chandrasekhar and Praveen Sekar, are steering their expertise towards building Branch AI.

AI 109
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EWS launches wallet in South Carolina, Arizona ahead of wider rollout

Payments Dive

Launching the Paze wallet will require preloading about 150 million cards, meaning the launch will occur as “more of a ramp up over a few months,” EWS Managing Director James Anderson said.

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DBS, Sheng Siong Join Forces to Promote Sustainability Among SME Suppliers

Fintech News

DBS Bank and supermarket chain Sheng Siong have embarked on a mission to assist suppliers in adopting more sustainable business practices. The initiative aims to reach out to 1,000 small and medium-sized enterprises (SMEs) within the Sheng Siong supply network over the next two years, focusing on enhancing resource efficiency and lowering carbon emissions.

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Automating AR: What it means to offer a seamless B2B order-to-cash experience

Payments Dive

Today’s B2B customers demand a seamless order-to-cash experience, and brands must embrace automation to adapt.

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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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Rohith Murthy Named MoneyHero CEO, Aggarwal Moves to Advisory Role

Fintech News

Financial product comparison platform MoneyHero announced the immediate appointment of Rohith Murthy as the Chief Executive Officer (CEO). His appointment comes on the heels of Prashant Aggarwal’s resignation, which took effect on 20 February 2024. Aggarwal, who guided MoneyHero from its early stages to its current status as a publicly traded company on the Nasdaq, will continue to support the firm in an advisory role.

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FATF drops UAE off financial crime watchlist

The Paypers

The Financial Action Task Force (FATF) has announced that it has dropped the UAE from its grey list regarding concerns about financial crime and money laundering.

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Nominations Now Open for Sustainability Impact Awards 2024 by UOB and BT

Fintech News

The Sustainability Impact (SI) Awards 2024, a collaborative effort between The Business Times (BT) and United Overseas Bank (UOB) , has officially opened its nomination period, which will run until 15 May 2024. The awards aim to honor individuals and organisations in Singapore that are making significant contributions to environmental and societal well-being through innovative, sustainable practices.

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FIS certified to send, receive payments on FedNow

Bank Automation

Technology provider FIS is now certified to send and receive payments on the FedNow payments rail as demand for the rail grows. FIS has 215 clients in contract or in the pipeline for the Federal Reserve’s payments rail, Chief Executive Stephanie Ferris said during the company’s fourth-quarter earnings call today.

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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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Former Grab Exec Mehrotra Leads JULO to Profitability, Eyes IPO Plans

Fintech News

JULO, an Indonesian fintech offering digital peer-to-peer lending, has announced it reached an annual recurring revenue surpassing US$120 million in 2023. The company also reported a 50% increase in its loan disbursement volume for the year, alongside achieving operational profitability by December 2023. Supported by AC Ventures, Credit Saison, Quona Capital, and Saratoga, JULO aims to make financial services more accessible in Indonesia.

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Cybercrooks steal personal data of 17m loanDepot customers

Finextra

Mortgage company loanDepot says that the personal data of nearly 17 million customers was stolen in a January ransomware attack.

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Visa, GSMA Launch Digital Finance Inclusion Initiative for 20 Million People Globally

Fintech News

Visa is collaborating with the GSMA Mobile for Development Foundation to launch the Digital Finance for All (DFA) initiative. This project, set to span five years, targets the promotion of digital financial access for 20 million people, focusing on women, smallholder farmers, and small business owners in developing regions of Asia, Africa, and Latin America.

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Podcast: Jack Henry’s incoming CEO talks 4 tenets of leadership

Bank Automation

Jack Henry Chief Operating Officer Greg Adelson will take over as chief executive for the tech provider in July. On this episode of “The Buzz” podcast, he discusses how his four-tenet leadership strategy will be reflected in his new role as he takes on Jack Henry’s ongoing cloud modernization. The tenets: 1. Transparency.

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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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Battle for Consumer Attention: Fintech Startups Surge Ahead in Awareness Race

The Fintech Times

Traditional banks are finding themselves in a race to maintain relevance against the burgeoning presence of fintech startups, according to a recent market intelligence report by Hearts & Wallets , a data and benchmarking firm. Its report sheds light on consumer perceptions and adoption of technology-powered saving and investing solutions, revealing that fintech newcomers like Robinhood, Chime, SoFi and Acorns lead in generating brand awareness across households in the US.

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Fintech Rundown: A Rapid Review of Weekly News

Finovate

It’s a leap year, which means we have an extra day in the month of February. How will the financial services industry Use the extra 24 hours this year? Check back for real-time updates on how the fintech landscape evolves this week. Traditional banking Legacy Bank & Trust reports it has doubled its assets after employing Jack Henry’s technology.

FinTech 69
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Flagright and SALT Forge Partnership to Enhance Financial Security for SMEs

The Fintech Times

Flagright, a provider of AI-native anti-money laundering (AML) compliance and fraud prevention solutions, has teamed up with SALT, a financial platform catering to SMEs in India and Asia. SALT, known for its approach in providing SMEs with essential financial tools, will integrate Flagright’s AML and fraud prevention technologies. Both companies have previously participated in the Y Combinator (YC) programme, a startup accelerator that provides funding, mentorship, and resources to early-s

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A Preview of FinovateEurope: Trends and What to Expect

Finovate

The first Finovate event of the year, FinovateEurope , is set to begin tomorrow. Taking place at the O2 Intercontinental in London, FinovateEurope is a great way to hear discussion on the latest trends and see the newest fintech tools and solutions. I had the opportunity this month to sit down with podcast host and Finovate VP Greg Palmer to discuss some of the trends we expect to see unfold on stage at FinovateEurope.

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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.