Thu.Nov 14, 2024

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PayPal Unveils Innovative Money Pooling Feature, Simplifying Group Expenses Between Family and Friends

PayPal

PayPal customers can collect and manage funds with friends and family for things like group gifts, travel, special events, and more in the PayPal app.

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Everything You Need to Know About Credit Card Processing

Stax

Credit card processing can be overwhelming, expensive, and confusing. And yet, accepting non-cash forms of payments is more or less required to operate a modern business, at least in the U.S. Credit, debit, and digital payments have far and away become the most popular payment method. Cash has dropped to less than 20% of all US payments in recent years.

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Squirro CEO Dorian Selz Honored at 2024 Singapore Fintech Festival

Fintech News

Squirro, a Switzerland based global leader in AI-driven insights and analytics, announced that its CEO Dorian Selz has been awarded the prestigious Fintech Mentor Award at this year’s Singapore FinTech Festival (SFF). Organized by the Monetary Authority of Singapore (MAS) and the Singapore FinTech Association (SFA), the award highlights outstanding contributions to the financial technology industry.

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Volante Technologies Launches Real-time Payments Intelligence Solution for Financial Institutions

Fintech Finance

Volante Technologies , the global leader in Payments as a Service (PaaS), today announced the launch of Volante Payments Intelligence , a powerful new solution that offers financial institutions unparalleled visibility and operational control over their payments business. A modular component of the Volante Payments Platform, the solution enables banks to better understand their payments operations, simplifying decision-making while improving business performance.

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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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SocGen brings stablecoin to XRP Ledger

Finextra

SG-Forge, the digital asset division of French bank Societe Generale is deploying its Euro-based stablecoin on the XRP Ledger (XRPL).

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Mollie Expands Into Italy With Local Payment Solutions for Businesses

Fintech Finance

Mollie , one of Europe’s fastest-growing financial service providers, today announces its official launch in Italy, marking a significant milestone in its mission to make payments and money management effortless for every business in Europe. The expansion will enable Italian businesses to access a single platform designed to simplify payment processing, reporting and fraud prevention.

More Trending

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Tribe Payments Exposes Costly Gaps in Legacy POS Tech – 1 in 4 Merchants Miss Out on Alternative

Fintech Finance

A new study from Tribe Payments , the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, has revealed that 28% of merchants’ legacy in-person point of sale (POS) systems cannot support alternative payment methods like digital wallets and QR codes. According to Tribe, these legacy POS system inefficiencies are rupturing revenue streams, leaving a gap that modern SoftPOS solutions can fill.

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Fintech Payment Opportunities Remain Rife Across the Middle East, Says Fuse

The Fintech Times

The Middle East has traditionally been associated with a reliance on an economic reliance on the region’s rich oil reserves. However, following the Covid pandemic, and various governmental initiatives, many countries focused on diversifying their economies and bolstering growth and innovation across various sectors. However, according to Fuse , a company committed to building a common layer of infrastructure across payments across the Middle East and North Africa (MENA), the region remains

FinTech 76
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Digital Wallets and Open Banking Set to Dominate Payments in 2025, According to Merchants

Fintech Finance

A recent survey of merchants conducted by payabl. , one of Europe’s leading financial services providers, reveals digital wallets and Open Banking as pivotal forces set to transform the payments landscape in 2025. The survey reveals that 81% of merchants anticipate a surge in digital wallet usage, while 69% expect Open Banking and instant bank transfers to gain popularity as consumer demand for convenient, secure payment options continues to grow.

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The Stablecoin Surge: How a Chainalysis study reveals Africa’s payments revolution

Finextra

Having read the 2024 geography of cryptocurrency report by Chainalysis, it’s hard not to feel a spa

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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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Unlimit and Pagaloop Partner to Simplify Expense Management for Mexican SMBs

Fintech Finance

Unlimit , the global fintech company, has today announced its partnership with Pagaloop , a prominent Latin American B2B payments and cash flow management platform. The partnership will focus on strengthening the Pagaloop app’s credit and debit card processing capabilities and ensuring high approval rates to facilitate the company’s continued expansion in the region.

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Fintech at heart of UK's financial services growth strategy - Chancellor

Finextra

The new UK government will focus on fintech and sustainable finance as key priority growth opportunities in financial services, says Chancellor of the Exchequer, Rachel Reeves.

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Paymentology and Zand Bank Partner to Fuel Fintech Innovation in the UAE

The Fintech Times

Global issuer processor Paymentology has entered a referral partnership with Zand Bank , the UAE’s first fully licensed digital bank, to support fintech and startup growth in the UAE. Through this partnership, Paymentology and Zand will offer fintechs a range of specialised services, including BIN-sponsorship, virtual IBANs and Client Money Accounts.

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Payments Innovation will be Threefold: Embedded, Cross-Border and GenAI

Finextra

In this PREDICT 2025 interview, Gautam Pillai, Head of Fintech Research at investment bank Peel Hunt, looks at the bigger picture and takes into account how the payments industry is transforming alongside consumer trends. Buzz and excitement surrounds three developments, which are embedded payments, cross border payments and generative AI and the interview discusses how organisations working in these areas are already helping businesses transact easier, faster and in a way where they are not sac

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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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Life After the USSR: the Impact of Fintech in Kyrgyzstan, Uzbekistan, Turkmenistan and Tajikistan

The Fintech Times

Following the collapse of the Union of Soviet Socialist Republics (USSR) in 1991, many countries that were formally a part of the empire declared independence. In this article, we look at four prime examples: Kyrgyzstan, Uzbekistan, Turkmenistan, and Tajikistan, and we examine how fintech is impacting their economic landscapes. Despite each country having its own unique qualities, there are some similar behaviours shared across them too from an economic point of view.

FinTech 70
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Banks express dissatisfaction with cloud service returns - CapGemini

Finextra

A report from Capgemini has found significant levels of dissapointment with cloud services among financial services firms, with less than 40% of executives saying they are highly satisfied with the outcome.

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Inclusive by Design: How Banks Can Address the Accessibility Challenge

The Fintech Times

Financial inclusion and accessibility remain key conversations for financial service providers across the globe. However, despite the fact that far more work in this area needs to be done, it often appears that little progress is actually being made. Here, Thomas Götz , director of managed issuance services for financial platforms at Giesecke+Devrient , outlines some of the key opportunities available to banks to enhance their progress in improving the accessibility of their services for all.

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Adyen partners with Zalando in order to optimise payments for European clients

The Paypers

Financial technology platform Adyen has announced its partnership with Zalando in order to provide European clients and users with secure and optimised payment methods.

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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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FinCEN warns banks about deepfake threat

Finextra

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has issued an alert to help banks to spot GenAI-generated deepfake scams.

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Airwallex Takes 1% Pledge to Establish Ongoing Corporate Philanthropy Model

The Fintech Times

Airwallex , the global payments and financial platform for modern businesses, has launched a new programme committing one per cent of its equity, currently worth $56million, to support innovation and entrepreneurship. Airwallex joins a group of global tech leaders, including Atlassian , Canva , Airbnb , and Salesforce , by taking a one per cent pledge, committing to donating one per cent of employee time, profits and products to support the innovation community.

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The State of US Instant Payments Adoption

Finextra

In this PREDICT 2025 USA interview, Reed Luhtanen, Executive Director, U.S. Faster Payments Council, talks about industry expectations for instant payments in the US for 2028 – the year in which between 70-80% of financial institutions are expected to receive instant payments, and 30-40% will have the capability to send instant credits.

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Félix Pago Extends Remittances Reach in Central America With Mastercard Partnership

The Fintech Times

Miami-based fintech startup enabling Latino workers in the US to send money back to their families in Latin America via WhatsApp , Félix Pago is expanding its services to El Salvador, Honduras, Guatemala, and the Dominican Republic following a new partnership with payments giant, Mastercard. Félix Pago uses blockchain and artificial intelligence (AI) to power its chat-based platform which makes financial services more accessible for those in historically underserved regions.

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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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Persona partners with Okta to optimise workforce identity security

The Paypers

US-based identity platform Persona has partnered with Okta to deliver an automated identity verification solution and support organisations to safeguard against phishing and deepfakes.

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This Week in Fintech: TFT Bi-Weekly News Roundup 14/11

The Fintech Times

The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 14 November 2024. Industry movers Scintilla has appointed John Casey who joins the digital creation platform’s board. Born out of the global law firm DLA Piper, Scintilla is a digital asset creation platform that combines the compliance and regulatory knowhow of a global law firm with technology solutions.

FinTech 62
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Just 40% of financial institutions satisfied with cloud investment

Bank Automation

Many financial institutions are not satisfied with the investments made in their cloud infrastructure and are reconsidering those investments moving forward, experts say. Fewer than 40% of financial services companies said they were highly satisfied with cloud migration outcomes, according to Capgemeni’s Nov. 14 Cloud in Financial Services report, for which the think tank surveyed […] The post Just 40% of financial institutions satisfied with cloud investment appeared first on Bank Automa

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Streamly Snapshot: Upgrading Your Digital Knowledge Management

Finovate

With digital rising to the preferred channel for audiences across the globe, it is more important than ever for firms to manage their brands’ digital presence. Organizations no longer need to just worry about sending out consistent messaging, they also need to ensure that the information that search platforms are sharing about them is correct and consistent in order to uphold their reputation Earlier this fall, Finovate Research Analyst David Penn spoke with Stuart Greer, VP of Enterprise

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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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Citizens digital tools offer intuitive experience

Bank Automation

Citizens Bank continues to focus on building out its in-house solutions, adding digital tools to help clients move toward more intuitive banking options. This year, the $219 billion bank in August launched a digital scheduler within its mobile app for: Online appointments; Financial advice; and Financial planning tools. The scheduler has “actually gotten really good […] The post Citizens digital tools offer intuitive experience appeared first on Bank Automation News.

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11 reasons to implement a cash and liquidity forecasting solution

Nomentia

What’s our projected cash position over the next three months? Six months? Twelve? Are we expecting potential cash shortfalls? When? How will sales drops or cost increases impact us?

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Payfinia Receives $4.5 Million from Star One Credit Union to Launch CUSO

Finovate

Payfinia has launched a new Credit Union Service Organization (CUSO) to help credit unions modernize their payments experience. The CUSO is launching in partnership with Star One Credit Union, which invested $4.5 million in the organization. Payfinia’s IPX platform will play a key role in the CUSO, helping organizations leverage FedNow to offer instant payments while providing fraud prevention.

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RedCompass Labs Launches AI Solution To Accelerate Banks’ Payments Modernisation

The Fintech Times

According to new research from payments modernisation firm RedCompass Labs , 91 per cent of banks worldwide are juggling multiple, multi-year, multi-million dollar modernisation projects, however, many are struggling to meet modernisation demands. To make this transition easier, RedCompass Labs has launched its AI solution engineered to accelerate payments transformation: AnalystAccelerator.ai.

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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.