Mon.Feb 19, 2024

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Fintech firm Revenir AI pioneers hassle-free mobile VAT reclaim for travellers

Finextra

UK fintech startup Revenir AI has developed a white label app for banks to help travellers claim back VAT on purchases made abroad automatically using their phones.

AI 132
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Vertical SaaS vs Horizontal SaaS: 8 Differences and Similarities

Stax

Software as a Service (SaaS) has made business software more accessible by offering cloud-based, on-demand access to a range of solutions, from project management and collaboration to sales and marketing. Thanks to SaaS solutions, businesses can easily scale their workflows, eliminating the need to install programs locally or pay for expensive licenses.

CRM 88
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Banks "barking up the wrong tree" over CBDC depsit flight says ECB

Finextra

The European Central Bank says banks are "barking up the wrong tree" when they fret over the impact of deposit flight from a future digital euro, arguing instead that stablecoins and electronic money institutions pose more of a threat to the deposit base.

CBDC 115
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AI and human-enhanced transactions: Personalised and secure global payments

The Payments Association

Artificial intelligence’s impact on the payments landscape is nothing short of transformative – from personalised customer experiences and seamless cross-border transactions to enhanced security and prompt fraud detection, AI-driven innovations […] Read more

AI 88
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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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Novia Global Lands in UAE Receiving Licence from DFSA

The Fintech Times

Novia Global provides a platform service for advisers, private banks, trust companies and their clients. Already authorised and regulated in the UK by the Financial Conduct Authority (FCA), the company is now expanding to the UAE. Novia Global has received a licence from the Dubai Financial Services Authority (DFSA), enabling it to set up an office in the Dubai International Financial Centre (DIFC).

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Why banks should leverage BNPL in 2024

The Payments Association

As banks embrace the Buy Now, Pay Later trend, they stand at the forefront of a shifting financial landscape, offering a unique blend of security, flexibility, and consumer-centric solutions in a market poised to reach €300 billion by 2025 Read more

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More Trending

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Why are SMEs still struggling with B2B cross-border payments?

The Payments Association

There are persistent challenges in cross-border payments for SMEs, such as delays issues and high fees. Yet, payment companies and fintechs can leverage global financial networks and encourage virtual card payments to streamline transactions and enhance competitiveness.

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Simplifying Global Money Movement with Visa Cross-Border Solutions

Fintech News

In a recent interview, Rohit Narang, Vice President for the Asia-Pacific region at Visa Cross-Border Solutions, powered by Currencycloud, shared insights into the acquisition of Currencycloud by Visa, shedding light on the evolution of their collaboration and the impact it has had on global money movement. The conversation delved into the transformation journey of Currencycloud into Visa Cross-Border Solutions , a foreign exchange and cross-border payments solution within Visa, and how it addres

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Why payments should prioritise operational resilience in 2024

The Payments Association

Payment service providers must overcome several hurdles as they put into practice prescriptive rules under the EU’s Digital Operational Resilience Act. DORA raises the bar for what firms need to do today to anticipate ICT incidents and cyber-attacks in the future.

Rules 88
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Franklin Templeton Joins Transparently.AI’s US$3 Million Fundraise

Fintech News

Transparently.AI, a Singapore-based AI firm specialising in detecting accounting fraud, announced that global asset management firm Franklin Templeton had joined its US$3 million pre-Series A funding round. This financial backing is part of Transparently.AI’s inclusion in Franklin Templeton’s Fintech Incubator programme. The company’s valuation now stands at US$20 million.

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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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Banks "barking up the wrong tree" over CBDC deposit flight says ECB

Finextra

The European Central Bank says banks are "barking up the wrong tree" when they fret over the impact of deposit flight from a future digital euro, arguing instead that stablecoins and electronic money institutions pose more of a threat to the deposit base.

CBDC 93
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Sleek Partners With Absolute Immigration to Ease Global Talent Hiring for Aussie Firms

Fintech News

Sleek, a platform providing incorporation and accounting services for SMEs and entrepreneurs, has announced its partnership with Absolute Immigration. This collaboration is designed to simplify the complex immigration process for business owners needing to hire global talent, furthering Sleek ‘s services to streamline company registration, bookkeeping, and tax preparation processes.

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Capital One to buy Discover Financial in $35B stock deal

Bank Automation

Capital One Financial Corp. agreed to buy credit-card lender Discover Financial Services in a $35 billion all-stock deal to create the largest US credit card company by loan volume. McLean, Virginia-based Capital One will pay 1.0192 of its own shares for each Discover share, a 26.6% premium to the closing price on Feb.

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Visa Veteran Ruben Genovez Joins TerraPay as President to Drive Global Expansion

Fintech News

Payments infrastructure company TerraPay has officially announced the appointment of Ruben Salazar Genovez as its new President. Genovez, who previously held the position of Global Head of Visa Direct, brings a wealth of experience to TerraPay, having worked with major financial institutions such as Visa, Citibank, Barclays, and Mastercard. His tenure at Visa Direct was marked by significant contributions to the enhancement and expansion of Visa’s money transfer services.

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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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Jersey Telecom acquires fraud fighter Spectrum Message Services

Finextra

Jersey Telecom (JT Group) strengthens Mobile Intelligence Solutions with Spectrum Acquisition Jersey Telecom (JT Group), a government-owned global connectivity and business solutions provider headquartered in the Channel Islands, has expanded its Mobile Intelligence offerings by acquiring Spectrum Message Services, an Australian-based company.

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Contour Gets Lifeline Through Acquisition by Singaporean Fintech Xalts

Fintech News

Xalts, a Singaporean fintech firm supported by Accel and Citi Ventures, has acquired blockchain- based digital trade finance platform Contour Network previously owned by a consortium of leading global banks. Carl Wegner, the former CEO of Contour, is expected to join Xalts in a senior leadership role. This acquisition aims to further digitise trade and supply chain finance, building on Contour’s established base of more than 22 banks and over 100 global businesses, including Tata Group and

FinTech 96
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Payment Processing and Market Statistics for USA 2024

Clearly Payments

The United States payment processing industry is evolving rapidly due to digital advancements, changing consumer behaviors, and regulatory developments. Businesses that don’t adapt to these changes and offer secure, convenient payments will find competing very difficult. This article explores the current landscape of payment processing in the USA, focusing on the rise of digital, market sizing, and digital payments, and its impact on businesses.

Process 71
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Ceridwen Choo Named CEO of New Payment Innovation Unit at DCS Card Centre

Fintech News

Singaporean fintech DCS Card Centre has established the DCS Innov, a fresh division aimed at propelling digital innovation in the payments space. Ceridwen Choo , an executive known for her extensive experience in the fintech and global payment networks, has been named CEO of the new unit. The new unit is poised to foster collaborations within the industry to develop innovative payment solutions that integrate seamlessly into the existing payment ecosystem.

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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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Visa, Checkout.com and Stake launch cross-border funding service for real estate investment in UAE

Finextra

Visa, a global leader in digital payments, has partnered with Checkout.com and Stake, MENA’s leading digital real estate investment platform, to introduce an innovative cross-border account funding solution.

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What Is the Top Priority for Firms Looking To Offer Cross-Border Payments?

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. Having discussed the myths , hype and usage of buy now pay later (BNPL), we now turn our focus to cross-border payments. To begin this focus, we first look at what businesses should prioritise when looking to offer cross-border solutions.

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Monite targets the US market with $6M top-up to its seed round

Finextra

API-first fintech Monite, providing hassle-free finance automation for B2B platforms, has secured a $6M top-up round, bringing its total seed funding to $16M.

API 59
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Revenir AI Introduces Automated VAT Reclaims for UK Travellers Abroad

The Fintech Times

UK fintech Revenir AI is introducing new technology enabling UK travellers to automatically claim VAT refunds on purchases made abroad. The platform streamlines the cumbersome VAT reclaim process through partnerships with tax authorities and financial institutions. By offering a white-label app for banks, Revenir enables refunds directly to customers’ debit or credit cards, with claims processed in as little as 48 hours.

AI 59
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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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New twists in the old story of card fraud

Finextra

Card fraud has been around for almost as long as credit cards themselves. But since the U.S.’s first.

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Seamless Asia Adds Paytech, and E-commerce Focused Theatres Ahead of Flagship Event in Singapore

The Fintech Times

Asia’s flagship fintech event is set to take place in late February 2024 as Seamless Asia prepares itself for its two-day event in Singapore at the Suntec Singapore. Focusing on banks, payments, digital wallets, e-commerce and more, the event will see over 3,000 players in the region attend with the opportunity to make new connections and explore new technologies.

APACS 59
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CRIF launches ESG Analytics

The Paypers

CRIF has announced the launch of an ESG Analytics solution in order to improve the way UK financial institutions meet their sustainable goals.

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Protiviti: How Businesses and Countries Are Moving to a Cashless Societies

The Fintech Times

COVID-19 led to a fundamental shift in how we pay for goods and services. Digital and mobile payments have become the predominant payment methods, leading many to believe that cash is on the verge of extinction. This shift will have a massive impact on businesses, which must embrace the latest payment technologies to survive in this new cashless society.

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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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How redefining value in decision making helps the planet

Finextra

To achieve a sustainable future, integrating financial, natural, social, and human capitals equally into financial systems is crucial. In a conversation with Richard Peers from Responsible Risk, Mark Gough, Chief Executive Officer of Capitals Coalition, discusses redefining value and transforming global decision-making processes to tackle challenges such as nature loss, inequality, and climate change.

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CRIF ESG Analytics Service Empowers UK Banks in Assessing Suppliers and Customers

The Fintech Times

CRIF , a provider of European consumer and business credit information, unveils a new platform facilitating UK banks in evaluating the environmental, social, and governance (ESG) profiles of their UK and EU-based suppliers, partners, and customers. Utilising over 130 indicators sourced from UK and EU data, the CRIF ESG Analytics service offers detailed insights into businesses’ ESG credentials without direct interaction.

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Digital and Advanced Loan Origination System: A Lender’s Lifeline in the Digital Era

Finezza

The Indian financial ecosystem is witnessing rapid changes thanks to the increasing demand for technology integration into conventional financial operations. Traditionally, although most banks and other financial institutions claimed to offer top-notch customer service and experiences, the reality painted a different picture. Despite these reassuring claims, banks were gradually – for the wrong reasons.

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News & Views Podcast | Episode 142: Female Business Owners, BNPL Hype & Brazilian Digital Banking

The Fintech Times

On this week’s episode of News & Views, The Fintech Times Podcast team speak about the hype regarding BNPL and whether it’s dying out, how high-interest rates and a challenging financial landscape are negatively impacting female-owned businesses in the UK and how G10 Bank works as a fintech, with Dock technology, to provide digital banking services to Brazilians in favelas.

BNPL 52
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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.