Apple unveils new iPhone touch and pay feature
Payments Dive
JUNE 12, 2024
The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.
Payments Dive
JUNE 12, 2024
The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.
VISTA InfoSec
JUNE 12, 2024
PCI DSS v3 has been protecting card holders for years, but as the number of card holders increase so do the threats of cybercrimes. To counter the threats of cybercrimes and absorb emerging technologies, the PCI Council launched its v4 version. As organizations shift to the v4 version, here are all the differences between v3 and v4 and how it affects your organization.
Payments Dive
JUNE 12, 2024
A week after dropping American Express, the online auctioneer said it will now accept payments through Venmo, which is popular among Gen Z and millennials
Finextra
JUNE 12, 2024
The UK is home to nearly three million "Frankenstein" identities stitched together by fraudsters out of real and made up personal details, according to researchers who warn of a potential multi-billion pound hit to the economy.
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
Payments Dive
JUNE 12, 2024
“Since many of these deepfake software services accept credit cards, payments providers are on the front lines of detecting these companies,” writes one corporate compliance officer.
Bank Automation
JUNE 12, 2024
ING is running a generative AI-driven chatbot pilot in the Netherlands before it plans to scale the technology. The pilot funnels only 2.5% of clients’ chats into its gen-AI chatbot, Chief Analytics Officer Bahadir Yilmaz told Bank Automation News at the recent Money2020 Europe event in Amsterdam.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
JUNE 12, 2024
Prudential plc has announced the appointment of Grace Park as its new Chief Data, Analytics & AI Officer, effective 7 June 2024. Grace Park Based in Singapore, Park will report to Chief Information Officer Ashley Veasey. In her new role, Park will focus on enhancing Prudential ‘s use of data and artificial intelligence (AI) to drive growth and improve efficiencies.
Fintech Review
JUNE 12, 2024
The insurance industry is undergoing a significant transformation driven by technological advancements. Insurtech, a term blending ‘insurance’ and ‘technology,’ is revolutionising traditional insurance models. We explore the innovations in personalised insurance products, the role of IoT devices in data collection and risk assessment, and the challenges faced by established insurance companies integrating new technologies.
Fintech News
JUNE 12, 2024
Rapid globalisation and available technological advancements have spurred the demand for more efficient, transparent, and accessible cross-border payment systems. Multilateral payment platforms have emerged as a promising solution to address the needs of increasingly globalised users, who need to send and remit funds across borders for various reasons.
Fintech Finance
JUNE 12, 2024
MoonPay and PayPal partnership is now live to users across the European Union and United Kingdom, following a successful launch in the United States last month. MoonPay users in 24 EU member states and the UK can now buy cryptocurrency using their PayPal account. The U.S. launch, which has also now rolled out to 100% of users, demonstrated strong demand for PayPal as a payment option to buy crypto with impressive results: Popularity : PayPal has quickly become the third most popular payment meth
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.
Fintech News
JUNE 12, 2024
OCBC has introduced OCBC Ignite, an accelerated banking career programme aimed at benefiting 500 polytechnic students over the next three years. This initiative, developed in collaboration with all five polytechnics in Singapore, seeks to enhance the employment prospects of polytechnic graduates in the financial sector. OCBC Ignite aims to double the bank’s annual intake of fresh polytechnic graduates.
Fintech Finance
JUNE 12, 2024
Airwallex , a leading global payments and financial platform for modern businesses, saw robust customer growth in Hong Kong, with its transacting customer base increasing by 79% YoY in the first quarter of 2024. Reflecting the strong customer growth, Airwallex Hong Kong also recorded a 108% YoY revenue increase for the first quarter of 2024. Additionally, transaction volume rose by 86% in Hong Kong, signifying continued appetite among Hong Kong businesses to operate internationally.
Fintech News
JUNE 12, 2024
In the rapidly evolving digital landscape, traditional credit cards face the challenge of staying relevant amidst the rise of digital wallets and changing consumer expectations. The emergence of Cards-as-a-Service (CaaS) offers a transformative solution that can help credit cards adapt and thrive in this new era. CaaS is revolutionising how financial institutions approach credit card issuance and customer engagement, ultimately reshaping the future of credit cards.
Finextra
JUNE 12, 2024
We collectively believe that the future of blockchain is multi-chain, and are excited to share an update on one of the top requests from the developer community: bringing Ethereum Virtual Machine (EVM) compatibility to XRP Ledger (XRPL).
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.
Fintech News
JUNE 12, 2024
Stablecoin issuer Paxos has announced a 20% workforce reduction, affecting about 65 employees. Despite the layoffs, the company reportedly remains in a strong financial position with over US$500 million on its balance sheet. Following the layoffs, Paxos’ workforce is now estimated to be between 200 and 300 employees, according to a source familiar with the situation.
Fintech Finance
JUNE 12, 2024
Nexi , the European PayTech leader, and Compass , the Mediobanca Group’s consumer credit arm, are consolidating their strategic partnership in the Buy Now Pay Later (BNPL) segment by expanding it to include the e-commerce channel as well. This extension of the partnership will involve PagoLight, Compass’s proprietary, full-digital BNPL solution, being integrated into XPay, the e-commerce payment gateway developed by Nexi.
Fintech News
JUNE 12, 2024
UOB and Enterprise Singapore have launched the Sustainability-Linked Advisory, Grants and Enablers (SAGE) programme , targeting small and medium-sized enterprises (SMEs). This initiative aims to simplify sustainability-linked financing for SMEs, offering preferential loan rates from UOB for those meeting pre-agreed sustainability performance targets (SPTs).
Finextra
JUNE 12, 2024
In today's fast-paced digital era, the convergence of finance and technology is reshaping the paymen.
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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.
Fintech News
JUNE 12, 2024
DBS Group is targeting S$500 billion (US$369.7 billion) in assets under management for its wealth business by the end of 2026, as reported by Reuters. The announcement comes as the DBS benefits from robust inflows into Singapore, driven by the city-state’s political stability, low taxes, and favorable policies for family offices and trusts. In 2023, DBS achieved a record S$365 billion in wealth assets, marking a 23% growth.
Bank Automation
JUNE 12, 2024
Technology provider Temenos will integrate Mastercard’s Mastercard Move solution to provide banks with international money transfer capabilities. Mastercard Move will enable Temenos’ bank clients to use a range of options to cost-effectively route and deliver money, according to a June 4 Temenos release.
Fintech News
JUNE 12, 2024
The Bank for International Settlements (BIS) Innovation Hub and the Monetary Authority of Singapore (MAS) have developed a blueprint – Project Viridis – a climate risk platform aimed at helping financial authorities identify, monitor, and manage climate risks in the financial system. Recognising the financial risks posed by climate change and the transition to a low-carbon economy, central banks and financial authorities are increasingly called upon to ensure climate-sensitive regul
Fintech Finance
JUNE 12, 2024
While remittances are a lifeline for millions of migrant workers and their families, Visa ’s annual “Money Travels: 2024 Digital Remittances Adoption” research report found that humanitarian assistance was a predominant driver of remittance usage on the send side, with many noting that it was important to support the lives of people in need, amid worldwide events.
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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.
Finextra
JUNE 12, 2024
UK mobile lender Starling Bank has reported its third full year of profitability, with pre-tax profits up 55% to £301.1m and revenue up 51% to £682.2m.
Fintech Finance
JUNE 12, 2024
Citi (NYSE: C) and Emirates NBD , a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, announced a collaboration to launch Citi’s first-of-its-kind 24/7 USD Clearing service in the Middle East. This makes Emirates NBD the first bank to use Citi’s 24/7 USD Clearing service to make cross-border USD payments available to their corporate and retail clients 24 hours a day, 7 days a week, 365 days a year, end to end across their branch network.
Fintech News
JUNE 12, 2024
Lexasure, a reinsurance and insurtech solutions provider, and OneDegree Global , known for its IXT insurtech solutions and cybersecurity services, have announced a new collaborative cyber insurance solution. The platform, launched during the ITC Asia conference in Singapore, aims to tackle the rising cybersecurity threats in South and Southeast Asia.
The Fintech Times
JUNE 12, 2024
As Dubai looks to cement its position as a global leader in the world of finance and AI, its new AI Campus cluster has already been inaugurated. Sheikh Hamdan bin Mohammed , Crown Prince of Dubai, chairman of The Executive Council of Dubai and chairman of the Higher Committee for Future Technology and Digital Economy , officially inaugurated the Dubai AI Campus cluster at the Innovation Hub, Dubai International Financial Centre ( DIFC ) in May.
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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.
Finextra
JUNE 12, 2024
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for a platform that integrates regulatory and climate data to help financial authorities identify, monitor and manage climate risks in the financial system.
The Fintech Times
JUNE 12, 2024
A year after its debut to the world, Fintech Fringe has returned to London during London Tech Week 2024, turning its attention to growth and scalability for the industry. This year, the event spotlights why the UK is one of the best places to grow and scale a business. From exploring strategies for scaling and acquiring new customers, to fundraising and complying with evolving regulations, Fintech Fringe acts as the breeding ground for new ideas and partnerships as it delivers pragmatic and prac
Finextra
JUNE 12, 2024
Since our founding 240 years ago, we have been on a journey of continuous innovation, evolving from America’s oldest bank to a leading global financial services company.
Finovate
JUNE 12, 2024
Social investing and trading platform eToro has partnered with social media platform X. eToro will publish investment education content on X, leveraging investment experts and thought leaders from its eToro Academy. Founded in 2007, eToro has won Finovate Best of Show awards on each of its six Finovate appearances. It may not be a step on the road to making X a payments superapp, but the decision to partner with eToro to publish investment education content on the social media platform is among
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.
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