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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.
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.
A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
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.
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.
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.
The NFC Forum has detailed its vision for its planned introduction of Multi-Purpose Taps , which will enable multiple functions to be actioned via a single tap of an NFC device, in a new paper which is available to download from the standards body’s website. NFC Multi-Purpose Tap: One Tap, Unlimited Potential details what Multi-Purpose Tap is, how it can integrate into existing NFC architectures, and which ecosystems stand to benefit most. “The innovation is expected to not only furt
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.
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
Monzo has introduced a trio of security controls to help customers diminish the prospect of fraudulent payments out of their accounts from phone theft, shoulder surfing or impersonation scams.
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.
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
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?
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.
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.
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.
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.
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
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.
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.
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).
Speaker: Brad Pinneke, VP of Business Development at Payrix and Worldpay for Platforms
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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.
The Bank for International Settlements (BIS) and partners today announced that they have completed the comprehensive blueprint for phase three of Project Nexus, which will allow ready participants to work towards the next stage of seamlessly connecting their instant payment systems. Phase four will see Bank Negara Malaysia, Bangko Sentral ng Pilipinas, the Monetary Authority of Singapore, the Bank of Thailand and domestic IPS operators – who worked together in phase three – joined by the Reserve
Sweden-based biometrics company Fingerprint Cards (Fingerprints) has partnered with paytech Valid to develop a biometric payment card for the Brazilian market.
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
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
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Whether you’re a startup or an enterprise-level business, efficient payroll software is essential. Yet it isn’t always cost-effective to hire an in-house team to manage payroll, especially for businesses with a small headcount. Subscribing to a specialist payroll process not only ensures that you pay employees accurately and on time, but also allows your business to stay compliant with an ever-changing tax code.
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.
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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