Mon.Jul 01, 2024

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Chip maker launches probe into data theft amid cybersecurity concerns

VISTA InfoSec

American chip giant Advanced Micro Devices, Inc. (AMD) announced that it has launched a probe of a data breach carried out by a cybercriminal group called Intelbroker that led to several private documents and information being stolen which occurred early this month. In a statement to media outlets, the company spokesperson said that it is working closely with the authorities and a third-party hosting partner to investigate the impact of the breach.

CHIPS 206
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Open Banking Excellence (OBE) Launches First of its Kind Open Banking in a Box Programme to Drive UK Ecosystem Expansion Abroad

Open Banking Excellence

Open Banking in a Box, a new programme from Open Banking Excellence (OBE) , is leveraging the UK’s position as the world leader in open banking to help regulators globally develop their own open banking markets. The programme gives access to invaluable insights, expertise and practical advice honed from the UK’s experience in creating the blueprint for open banking.

Use Case 130
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How to Conduct Comprehensive Security Audits Without Compromising on Time?

VISTA InfoSec

Ever wondered how to conduct security audits without wasting time? Security audits are crucial for protecting your business from threats. But they often feel like they take forever. The process can be overwhelming, especially if you’re trying to be thorough without sacrificing too much time. Luckily, it doesn’t have to be this way. This guide’ll share practical tips to help you conduct thorough security audits quickly and efficiently.

Audit 130
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Visa-Mastercard settlement failed to treat merchants ‘equitably’

Payments Dive

A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

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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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S&P’s gen AI tool provides up to 60% efficiency gains

Bank Automation

Data insights company S&P Global is developing internal- and external-facing generative AI tools to boost efficiencies — and it hopes to monetize the technology by offering it to customers.

AI 129
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How buy now, pay later benefits merchants

Payments Dive

Research from online payments processor Stripe found that providing BNPL increases the average size and total number of sales.

BNPL 157

More Trending

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How Network Tokenization Improves the User Experience

Basis Theory

The most valuable pieces of data in payments are the Primary Account Numbers ( PAN ), the core details from a credit card that are used to initiate and close a transaction. The PAN consists of the card number, the expiration date, and the CVV , and the most fundamental obligation of any merchant is to not allow anyone to steal this information.

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Gen Z is leading adoption of new payments. Here’s how BNPL is being affected.

Tearsheet

The evolution in payment technologies and experiences is directly impacted by changes in consumer preferences, particularly among younger generations. To explore these changes and their potential impact on businesses, I spoke with Thomas Priore – CEO, Priority , a company specializing in integrated payments and banking solutions. Thomas Priore – CEO, Priority This interview covers several key areas of interest in the payment landscape.

BNPL 105
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BlackRock to buy private markets data platform Preqin for £2.5 billion

Finextra

BlackRock is to acquire private market data firm Preqin for £2.55 billion in an all-cash deal expected to close before year end.

Acquirers 121
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Ant International Acquires MultiSafepay to Bolster European SME Payments

Fintech News

Ant International has acquired Amsterdam-based payment service provider MultiSafepay, integrating it into its Antom division, a payment and digitisation services provider. The financial details of the deal was not disclosed. The acquisition aims to enhance payment solutions and digital services for small and medium-sized enterprises (SMEs) across Europe.

Acquirers 112
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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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Customer Intimacy, Generative AI and Data Models

Finextra

Join FinextraTV at the Temenos Community Forum 2024 as William Moroney, President International, Temenos and Izzidin AbuSalameh, Group COO, Capital Bank of Jordan, speak about the biggest challenges facing the banking industry today. Despite substantial progression over the last two decades, the pair explore how customer intimacy through digital interactions must be prioritised as the sector is moving towards reducing branches.

AI 104
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Former Backbase Exec Mark Geneste Joins Mambu as Chief Revenue Officer

Fintech News

Cloud banking platform Mambu has announced the appointment of Mark Geneste as Chief Revenue Officer. Geneste will lead the commercial team, aiming to drive growth and strengthen Mambu’s market position. He brings extensive experience in sales leadership within the software industry, having held senior roles at Wolters Kluwer – Enablon, FactSet, Kempen Capital Management, Dun & Bradstreet, and Thomson Reuters.

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Greek neobank snappi receives banking licence

Finextra

snappi, the pioneering Greek neobank, announces that it has received a universal banking license from the European Central Bank (ECB), following the proposal of the Bank of Greece.

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CIMB Singapore Users Report Account Balance Errors, Bank Assures System Safety

Fintech News

CIMB Singapore encountered a technical issue on 29 June 2024, affecting the reflection of certain transactions in the bank account balances of a group of customers. The bank claimed that the root cause for the technical issues have been identified and that its team is working on resolving it in a Facebook post. Despite this glitch, CIMB Singapore reported that both inbound and outbound transactions were processed successfully.

Accounts 106
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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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Supreme Court lets complaint on debit fees proceed

Payments Dive

The Supreme Court ruled Monday that a case challenging a debit card interchange rate set by the Federal Reserve can proceed.

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Validus Secures US$17.57M Debt Financing from Oikocredit and FMO

Fintech News

Validus Group, a digital SME financing platform based in Singapore, has secured a total of US$17.57 million in debt financing from both Oikocredit and FMO to support small and medium-sized enterprises (SMEs) in Indonesia. Oikocredit has announced a EUR 2.4 million (US$2.57 million) loan which matures in 2027 to Validus , marking its first fintech loan in Southeast Asia.

Finance 109
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Lloyds Bank to close further 60 branches

Finextra

Lloyds Banking Group has revealed 60 new branch closures for the remainder of the year and 2025.

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Paxos First in Singapore to Gain Full MAS Approval to Issue Stablecoins

Fintech News

Paxos has secured the full approval from the Monetary Authority of Singapore (MAS) to issue stablecoins under the regulator’s upcoming stablecoin framework. This approval allows Paxos to offer digital payment token services through its entity, Paxos Digital Singapore Pte. Ltd. , as a Major Payments Institution. With this approval, Singapore joins the US and the United Arab Emirates as markets where Paxos can issue stablecoins, as the company works towards expanding its global footprint.

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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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Rainforest Accelerates Growth With $20M Series A

Fintech Finance

Rainforest has closed a $20M Series A led by Matrix Partners, with participation from existing investors including Accel, Infinity Ventures, BoxGroup, The Fintech Fund, Tech Square Ventures, Ardent Venture Partners, and a number of strategic angels. Explosive growth of AI combined with regulatory scrutiny around fintech creates the impression that fintechs aren’t getting funded.

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Singapore’s Risk Assessment Highlights New Terrorism Financing Concerns

Fintech News

Singapore has released its updated Terrorism Financing National Risk Assessment (TF NRA) and National Strategy for Countering the Financing of Terrorism (CFT) to address terrorism threats. The evolving global terrorism landscape necessitates regular updates to Singapore’s risk assessments and counter-terrorism strategies given its status as a global financial and business hub Singapore employs a comprehensive, government-wide approach to identify, monitor, and mitigate terrorism financing

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Mastercard and Wilson Sonsini Fintech Experts to Join Pomelo Group Advisory Board

Fintech Finance

Pomelo Group is proud to announce the endorsement of leading Fintech experts from Mastercard and the law firm Wilson Sonsini Goodrich & Rosati, as it launches its new Advisory Board. Pomelo, the Singapore-based payment infrastructure platform that enables financial institutions to offer modern payment solutions to their end users, today appointed Mr Joshua Kaplan, a partner at the law firm Wilson Sonsini Goodrich & Rosati and formerly COO of Checkout.com, and Mr Sapan Shah, Senior Vice P

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Singapore’s Loyalty Platform Heymax.ai Bags US$2.6 Million Seed Funding

Fintech News

Heymax.ai, a Singapore-founded loyalty platform, has announced the completion of a US$2.6 million (SG$3.5 million) seed funding round led by January Capital. Other participants in the round include Tenity , Ascend Angels, XA Network, and several strategic investors, such as Projjal Ghatak (founder of OnLoop), JJ Chai (former Airbnb SEA MD), Jake Tan Jun Kiat (founder of Ergotune), and Evan Heng Shu En (founder of Zenith).

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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.

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Five Asian markets to link domestic instant payment schemes

Finextra

The Bank for International Settlements is to move toward live implementation of Prject Nexus, an initiative that seeks to enhance cross-border payments by connecting multiple domestic instant payment systems globally.

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Fingerprints and Valid to launch biometric payment card in Brazil

The Paypers

Sweden-based biometrics company Fingerprint Cards (Fingerprints) has partnered with paytech Valid to develop a biometric payment card for the Brazilian market.

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Transforming Banking: Generative AI's Role in Driving Innovation and Resilience

Finextra

In the dynamic realm of banking, innovation has been the cornerstone of evolution and customer satis.

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The Evolution of the Customer Experience Discussion in Fintech

Finovate

The conversation around customer experience in financial services pre-dates fintech. And while the topic surged after the great digitalization of services took place in 2020, conversation about customer experience in banking and fintech has once again slowed. This regression is taking place not because we’ve perfected the customer experience or because the topic is no longer relevant.

FinTech 72
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Deliver Mission Critical Insights in Real Time with Data & Analytics

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.

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Bank of Ireland recruiting for 100 technology roles

Finextra

Bank of Ireland is recruiting for 100 technology roles to work on new customer features on digital channels, protecting customers against fraud, and advanced data analytics.

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KFH Launches (WAMD) for Sending and Receiving Money via Mobile Number

Fintech Finance

In line with the latest payment technologies and to enhance the customer experience, Kuwait Finance House (KFH) has launched a new digital service called (WAMD). This service allows customers to send and receive money instantly and for free using their mobile numbers, 24/7. KFH cements its digital leadership by launching (WAMD) through the KFHonline app, powered by K-Net.

Finance 94
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Inside look: Payments-as-a-service

Bank Automation

Payments go beyond the transfer of money, and financial institutions can customize each step of the process through vendor selection.

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US judge rejects "paltry" $30 billion swipe fee settlement

Finextra

A US district court judge has rejected an agreed $30 billion settlement over swipe fees between the two major card schemes and US merchants partially on the grounds that Visa and Mastercard have the financial armoury to pay "substantially" more.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

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.