Fintech News

SEPTEMBER 2, 2024

The Thai Bankers Association (TBA) has blacklisted 15,000 individuals and suspended 34,000 bank accounts connected to call-center scam operations, according to The Nation. The move follows the implementation of an AI-driven Cross-Reference File (CRF) system designed to identify mule accounts used in money laundering activities. Payong Srivanich TBA Chairman Payong Srivanich announced on Monday that the CRF system, developed by the association, flagged more than 15,000 individuals who had opened

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Accounts Money Laundering Scams Blocks 144

TechCrunch Fintech

SEPTEMBER 2, 2024

The Dubai-based startup, which now counts 50,000 retail and business customers in the UAE, has netted $22 million led by Altos Ventures. © 2024 TechCrunch. All rights reserved. For personal use only.

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Fintech News

SEPTEMBER 2, 2024

Global verification provider Sumsub has introduced Local Data Processing (LDP) capabilities in the Asia-Pacific (APAC) region. The new infrastructure now operational in Singapore, Hong Kong, Indonesia, and the Philippines. This expansion follows the company’s earlier launch in the Middle East and Africa in June. As data privacy regulations tighten across APAC, driven by growing digital transformation and increased awareness of privacy concerns, Sumsub’s LDP solution aims to help businesses

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Finextra

SEPTEMBER 2, 2024

African-founded cryptocurrency exchange, Quidax announced that it has become the first crypto exchange to receive a provisional operating license by Nigeria’s Securities and Exchange Commission (SEC) as a Digital Assets Exchange.

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Cryptocurrency Security 98

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

The Payments Association

SEPTEMBER 2, 2024

Breaking down ten compelling reasons why retailers should embrace selling online and how it can transform a business into a whole new enterprise.

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Payments 88

Fintech Finance

SEPTEMBER 2, 2024

Sasai Money Transfer, a business of Cassava Technologies and one of the fastest growing international money transfer operators, has partnered with Airtel Money to expand its revolutionary offer of free remittances to more African markets. The Zero Fees initiative, which was first launched in May 2024 by Sasai Money Transfer in partnership with Econet in Zimbabwe, is now being expanded with Airtel Money starting with Uganda, before being extended to other high-traffic remittance Airtel markets su

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Finextra

SEPTEMBER 2, 2024

Revolut is rolling out dedicated crypto payment cards for spending on everyday items.

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Payments 129

Fintech Finance

SEPTEMBER 2, 2024

Recently, one of the most reputable software-as-a-service companies on a global scale, Zoho , has announced its entry into the payments market by introducing Zoho Payments. Thereby, businesses can provision their Zoho Payments to customers and receive online payments through various means, including cards and UPI. Making the announcement at the Global Fintech Fest in Mumbai, Zoho also introduced B2B payment capabilities, powered by the Bharat Bill Payment System (BBPS) of NPCI Bharat BillPay Lim

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Payments B2B Reconciliation Instant Payments 96

Finextra

SEPTEMBER 2, 2024

Money movement firm firm Atlantic Money is to make it possible for users to forsake its app and instead send and receive currencies direct from within their own bank accounts.

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Fintech Finance

SEPTEMBER 2, 2024

Akurateco , a cutting-edge white-label payment software vendor, is excited to announce a strategic partnership with CryptoProcessing by CoinsPaid , one of the recognized leaders in providing crypto payment solutions. With CryptoProcessing’s assistance, companies that purchase Acurateco’s products can pay for them seamlessly, easily, quickly, and securely using cryptocurrency.

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Payment Solutions Digital Payments Cryptocurrency Payments 93

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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?

Use Case

The Fintech Times

SEPTEMBER 2, 2024

Ant International , the digital payment and fintech company, has joined forces with Dock , a payments and banking technology provider in Latin America, to offer new AI-driven credit technology solutions in Brazil. In a move to empower local partners and advance financial inclusions, Ant International will enhance the credit management capability and infrastructure efficiency for Dock clients, comprising of financial institutions, retailers, and fintech start-ups.

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Fintech Finance

SEPTEMBER 2, 2024

Modulr , the embedded payments platform, today announces the addition of payroll services to its integration with Xero , the online accounting software provider. The integration will help businesses reduce payroll payment errors and admin overhead, ensuring employees get paid accurately and on time, every time. Despite advances in technology and the negative impact of payroll going wrong , teams are still left using outdated and inadequate solutions.

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The Fintech Times

SEPTEMBER 2, 2024

As economic crime continues to rise, the UK fintech industry is taking significant steps to address this growing challenge. Following the launch of the Centre for Finance, Innovation and Technology (CFIT)’s second industry coalition , which now includes major partners like AWS, Barclays, EY, HSBC and Mastercard, CEO Ezechi Britton MBE shares insights into how the sector is uniting to combat fraud through innovative digital verification solutions.

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Fintech Finance

SEPTEMBER 2, 2024

MANSA , a leading decentralised finance (DeFi) platform specialising in cross-border payments and trade financing, has partnered with blockchain payment platform Bitmama to improve cross-border payment accessibility across Africa. Payment companies across Africa face significant challenges in establishing cross-border payment services, where maintaining pre-funded accounts in multiple countries often poses an obstacle due to limited capital, stifling innovation and creating a liquidity gap.

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Cross-Border Payments Cross-Border Cross-Border Settlement Financial Inclusion 91

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

Finextra

SEPTEMBER 2, 2024

The UK Government-backed Centre for Finance, Innovation and Technology (CFIT) has teamed up with leading banks and technology firms to test digital verification as a means to combat spiralling levels of economic crime.

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Technology Crime Verification Government 69

The Fintech Times

SEPTEMBER 2, 2024

In their latest research, global consumer insights company, Protocol Theory and cryptocurrency exchange, Easy Crypto , found that Australians are viewing crypto as a key to financial freedom, with many turning to digital asset investments instead of real estate. The real estate industry has historically been a great sector to invest in – in fact, according to the research, 75 per cent of investors believe the sector has high returns.

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Cryptocurrency Returns Research Addressing 63

Finextra

SEPTEMBER 2, 2024

Hardbacon, a Canadian budgeting app that generated revenue through lead generation and affiliate marketing, has shut down after tweaks to Google's search algorithm saw users plummet.

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The Fintech Times

SEPTEMBER 2, 2024

The digital banking scene in the Middle East and Africa (MEA) is undergoing a significant transformation, with neobanks and challenger banks emerging as key players in reshaping financial services. These digital-first institutions are bridging gaps in traditional banking, offering innovative solutions to meet the needs of a diverse and underserved market.

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Non-Bank FinTech Visa Underserved 63

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

SEPTEMBER 2, 2024

Singapore's Ministry of Home Affairs is opening consultations on new rules that would empower the police to order banks to restrict the banking transactions of people who refuse to believe that they are being scammed.

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The Fintech Times

SEPTEMBER 2, 2024

Modulr , an embedded payments platform, has added payroll services to its integration with Xero , the online accounting software provider, to help businesses reduce payroll payment errors and admin overhead, ensuring employees get paid accurately and on time, every time. Despite advances in technology and the negative impact of payroll going wrong, many teams persist in using outdated solutions.

Payroll 63

Payroll Online and Mobile Banking Real Time Payments Payee 63

Finextra

SEPTEMBER 2, 2024

The UK Government-backed Centre for Finance, Innovation and Technology (CFIT) has teamed up with leading banks and technology firms to test digital verification as a means to combat spiralling levels of economic crime.

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Technology Crime Verification Government 64

Neopay

SEPTEMBER 2, 2024

As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. To help us understand why, we spoke with Neopay’s Consultancy Manager, Margita Layne. With extensive experience as a former Money Laundering Reporting Officer (MLRO) and Head of Compliance in the payment sector, Margita brings valuable insights into the significance of a Compliance Monitoring Plan and how it can benefit businesses of all sizes.

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Compliance Regulatory Compliance Money Laundering Assessments 59

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

Finextra

SEPTEMBER 2, 2024

The Bank of London has been selected by Malysian start-up Waafi Bank to support its plans to enter the UK's Shariah-compliant banking market.

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The Fintech Times

SEPTEMBER 2, 2024

MANSA , a decentralised finance (DeFi) platform specialising in cross-border payments and trade financing, is joining forces with blockchain payment platform Bitmama , in a move to improve cross-border payment accessibility across Africa. Through the new partnership, MANSA will provide Bitmama with the necessary liquidity to pre-fund accounts across 18 countries in Africa.

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Cross-Border Payments Cross-Border Cross-Border Settlement Consumer 58

Finextra

SEPTEMBER 2, 2024

barq, the latest wallet and challenger bank to launch in Saudi Arabia, has reached a significant milestone by surpassing 1 million wallet users and account holders within just 21 days of operation.

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Accounts 59

The Fintech Times

SEPTEMBER 2, 2024

The inaugural three-day 24 Fintech summit and exhibition is gearing up to open its doors at the Riyadh Front Exhibition & Conference Centre for the first time this week, hoping to bolster Saudi Arabia’s position as a major fintech hub. Designed to be one of Asia, Europe, and North Africa’s premier annual fintech events, 24 Fintech is hosted by Saudi Arabia’s Financial Sector Development Program (FSDP), the Saudi Central Bank , the Capital Market Authority (CMA), and the Insuranc

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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

Finextra

SEPTEMBER 2, 2024

Bank payment company GoCardless has completed the acquisition of Sentenial Ltd, operating under the Nuapay brand, from EML Payments Limited (ASX: EML).

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Acquirers Payments 59

The Fintech Times

SEPTEMBER 2, 2024

The first full week of September will begin on Monday the 2nd and marks the start of National Payroll Week. In the lead-up to this, MHR , the HR, payroll and finance software provider has revealed insights on the sentiment of UK payroll workers. The 2024 MHR payroll report highlights that over half (56 per cent) of all payroll workers believe greater investment is required in the sector.

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Payroll AI Checks Technology 58

Finextra

SEPTEMBER 2, 2024

The Tenity Zurich Fintech Accelerator Program kicked off this week in Zurich, with 13 startups selected from over 130 applications through a highly competitive selection process.

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FinTech Process 52

The Fintech Times

SEPTEMBER 2, 2024

In a concerted effort to crack down on economic crime, some of the biggest names in finance and technology have joined forces under a new coalition led by the Centre for Finance, Innovation and Technology (CFIT). This initiative, w hich first came to light in June , is focused on developing advanced digital verification systems to safeguard businesses and consumers from the rising threat of fraud.

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Crime Verification Interoperability Participant 58

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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