Mon.Dec 09, 2024

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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

What is this article about? The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. Why is it important? It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. What’s next?

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Will Singapore Realise Its Tokenisation Dreams?

Fintech News

Singapore, a nation long recognised for its financial acumen and technological advancement, is making a calculated gamble on the future of finance through tokenisation. Rather than shying away from the complexities of the digital asset revolution, the city-state is actively embracing the potential of tokenisation and cryptocurrencies. This proactive approach, driven by the Monetary Authority of Singapore (MAS), seeks to enhance the nation’s financial infrastructure.

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Ant International Deepens Payment and Digitalisation Ecosystem with AI-Driven Embedded Finance Solutions in Year of Transformation

Fintech Finance

With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digital payment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance. Alipay+ expanded its vibrant wallet-based payment and digtalisation space that further strengthens WorldFirst and Antom , the two business fintech services.

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HSBC Restructuring Sees New Leadership, Streamlined Operations

Fintech News

HSBC has announced the completion of a major phase in its global reorganisation, consolidating its structure into four core business units. The four units are International Wealth and Premier Banking (IWPB), Corporate and Institutional Banking (CIB), HSBC UK, and HSBC Asia and Middle East. The changes are designed to simplify operations, enhance agility, and focus on areas of competitive strength.

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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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Struggling businesses pile on credit card debt, survey shows

Payments Dive

More Trending

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Kenyan Fintech Leja Processes $2 Billion in Business Transactions in 2024

Fintech Finance

Kenyan fintech startup Leja has achieved remarkable growth, processing $2 billion in B2B payments since launching its B2B payments service in Kenya earlier this year. This milestone reflects a 30% month-over-month growth rate and a cumulative 300% increase in B2B transactions within a year. The Leja App helps businesses move from pen-and-paper to digital recordkeeping, integrating seamlessly with mobile money platforms.

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What we can expect from crypto and payment services in 2025

The Payments Association

What’s this article about? The upcoming changes in cryptocurrency regulation and its impact on payment services, focusing on the UK’s approach compared to the EU. Why is it important? It outlines how the regulatory landscape for cryptocurrencies in the UK will evolve, affecting businesses and compliance. What’s next? The UK government and the FCA will further develop and implement these regulations through consultations and legal frameworks, aiming for a comprehensive rollout b

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Ibanera Leverages FIS Innovation to Launch Comprehensive Prepaid Card Program

Fintech Finance

Ibanera , a leading digital banking platform, is tapping into the expertise of global financial services provider FIS to launch its prepaid card program. This collaboration is set to deliver cutting-edge payment solutions tailored for both businesses and individual consumers across the United States. This new prepaid card program, supported by Visa’s global network, offers users the flexibility to make payments wherever Visa is accepted, granting convenience and security.

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Cyril Han to Take Over as Ant Group CEO in March 2025

Fintech News

Cyril Han, Ant Group s President and current Chief Financial Officer, will step into the role of CEO on 1 March 2025, according to Bloomberg. Cyril Han Han will succeed Eric Jing, who will remain the companys chairman. He will continue to report to Jing and the board of directors. This leadership transition comes as Ant Group sharpens its focus on growth through its Alipay platform, artificial intelligence (AI), and its global business expansion.

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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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New RBA Data Shows Rapid Rise in Digital Payments

Fintech Finance

New data released today from the Reserve Bank of Australia (RBA) , shows Australians continue to embrace the ease of mobile wallets when making payments. For the first time, the RBAs latest monthly retail payments data includes a snapshot of newer payment technology, showing more than 500 million payments were made via mobile wallets in October, totalling over $20 billion.

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DBS Appoints New Heads of Institutional Banking, Singapore Operations

Fintech News

DBS has announced two senior leadership appointments, set to take effect on 1 January 2025, according to The Edge. Han Kwee Juan Han Kwee Juan , the current Singapore Country Head, will be taking over from Tan as the Group Head of Institutional Banking (IBG). Han joined DBS in 2019 after nearly three decades at Citigroup. Since 2023, he has led the DBS Singapore franchise, ensuring its continued market leadership in key business areas such as deposits, credit cards, and mortgage loans.

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Google Hits Back at US Regulator Over Payment Arm Supervision

The Fintech Times

Google has filed a legal challenge against the US Consumer Financial Protection Bureau (CFPB), the agency responsible for overseeing consumer finance, after it placed Google Payment Corp., the companys payment arm, under federal supervision. The tech giant argues that the move, which the CFPB says is aimed at addressing potential consumer risks, constitutes regulatory overreach.

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M-DAQ Broadens Offerings with Capital Markets Licence from MAS

Fintech News

M-DAQ Global, a fintech specialising in cross-border foreign exchange (FX) and payment solutions, has been awarded a Capital Markets Services (CMS) licence by the Monetary Authority of Singapore (MAS). This licence allows its subsidiary, M-DAQ Market Solutions, to deal in over-the-counter (OTC) derivatives contracts. Leveraging its experience in B2C e-commerce, the CMS licence enables M-DAQ to expand into B2B services, addressing more complex requirements and longer settlement periods.

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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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BitOasis Completes Journey With VARA Achieving a Full VASP Licence

The Fintech Times

The Dubai Virtual Assets Regulatory Authority (VARA) has provided BitOasis , the Middle East and North African (MENA) virtual assets broker-dealer trading platform, with a full Virtual Asset Service Provider (VASP) Licence. The announcement was made as BitOasis has satisfied all relevant regulatory conditions and requirements posed by VARA. The broker-dealer trading platform will transition to operate under its new licence with immediate effect.

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CFPB sues Comerica for ‘systematically failing’ federal benefits receivers

Payments Dive

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Essential Steps to Prevent Costly Fraud Attacks

Segpay

Fraud attacks are becoming more sophisticated and frequent, and if your business isnt prepared, you could be the next target. Hackers are relentless, using trial-and-error tactics to identify weaknesses in systems. Their goal? To uncover sensitive information or exploit payment systems. Without the right protections, these attacks can lead to expensive authorization fees and even the shutdown of your merchant account.

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FIS nears capital markets acquisition

Payments Dive

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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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Norway's Vipps launches world's first Apple Pay rival for iPhone

Finextra

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Looking Back on 2024 in Paytech: Insights from Aevi’s Experts

The Fintech Times

As 2024 draws to a close, it’s been an eventful year for the payments industry, marked by rapid innovation, unexpected challenges, and evolving consumer expectations. Experts at Aevi , the in-person payment orchestration firm, share their key takeaways, lessons learned, and perspectives on the trends shaping the future of paytech. Reflecting on 2024, what were the key takeaways and lessons learned for your company and the broader payments industry?

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Keeping cash may be critical for a resilient payment system

Payments Dive

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Tyro Reduces Overheads and Makes Payments More Accessible With Embedded Payments Solution

The Fintech Times

In 2003, Tyro launched in Australia to disrupt and advance the established EFTPOS market in the company. Over two decades later, the company is continuing to innovate, as it launches its new embedded payment solution enabling businesses to accept tap-to-pay payments via any device and point-of-sale (POS) system. Tyros embedded payments software development kit (SDK) allows software innovators to integrate Tyros tap-to-pay technology directly into iOS and android devices, apps and point-of-sale (

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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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Afterpay’s holiday shopping trends: Free shipping, BNPL for budgeting and more

Payments Dive

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Lunar Launches Moonrise to Zero in on Enterprise Payments

Finovate

Lunar introduced Moonrise , a standalone enterprise payments offering to help organizations scale in the Nordic region’s notably complex payments ecosystem. Lunar expects that the BaaS market will grow 3.3x to 100 billion in five years. Lunar anticipates that Moonrise will help to lower barriers to entry for companies operating in the Nordics, which will not only foster innovation and competition, but also help to offer consumers better services and pricing options.

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QIB Partners With PayLater to Introduce Shari’a-Compliant BNPL Solutions in Qatar

Fintech Finance

Qatar Islamic Bank (QIB), Qatars leading digital bank, has signed a Memorandum of Understanding (MoU) with PayLater , a Qatari fintech company specializing in Buy Now, Pay Later (BNPL) solutions. The partnership is set to deliver Sharia-compliant BNPL services to customers and merchants in Qatar, providing flexible financing solutions that promote financial inclusion and support the growth of the nations digital economy.

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Google files lawsuit over CFPB supervisory order

Finextra

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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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Hard Rock International Announces Unity by Hard Rock Mastercard for Loyalty Program Members

The Nilson Report

The post Hard Rock International Announces Unity by Hard Rock Mastercard for Loyalty Program Members appeared first on Nilson Report.

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Fintech Rundown: A Rapid Review of Weekly News

Finovate

With only two more weeks before the holiday season and 2025 take over the calendar, let’s make this one count. Last week’s news cycle was rife with funding and M&A activity. Will this week bring the same? Stay tuned to find out. Well add the latest fintech news throughout the week as the space evolves. Digital banking Revolut applies for NZ banking license.

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Fiserv Publishes 2024 Thanksgiving Holiday Spending Insights

The Nilson Report

The post Fiserv Publishes 2024 Thanksgiving Holiday Spending Insights appeared first on Nilson Report.

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