Thu.Nov 07, 2024

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How Trump’s administration may rework payments policies

Payments Dive

The president-elect and his new administration will have the opportunity to revamp federal government approaches for everything from earned wage access to digital currencies to open banking.

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Fintech Excellence Awards Winners Revealed at SFF 2024

Fintech News

The Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) have announced the winners of the Fintech Excellence Awards. The awards celebrate innovative contributions by financial institutions, fintech firms, solution providers, and individuals to the financial services sector. Jointly organised with SFA and supported by PwC Singapore, the awards aim to highlight cutting-edge fintech solutions that drive growth, enhance financial inclusion, and improve the delivery of f

FinTech 119
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Walking the tightrope: How payments companies can balance compliance with innovation

The Payments Association

In 1859, Charles Blondin did the unthinkable and walked across the Niagara River in the US on a tightrope. Little did he know that this act was very similar to that carried out by payment companies in the 21st century. Rather than facing a 49m drop in the water, businesses in the sector are having to find the right balancing act between innovation and compliance.

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Engaging Gen X: Customized Self-Service Bill Pay Solutions

Payments Next

By Anne Hay, EVP & Chief Marketing Officer, PayNearMe Born in the 1980s and 90s, Gen Xers were considered technology pioneers. They The post Engaging Gen X: Customized Self-Service Bill Pay Solutions first appeared on Payments NEXT.

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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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5 questions with … John Frerichs of JPMorgan Chase

Bank Automation

Chase for Business is innovating to meet the evolving needs of its small- to medium-sized business clients, John Frerichs, head of global SMB payments at JPMorgan Chase, told Bank Automation News. “One of the biggest changes in small business that we are continually adapting to is the need for a digital-centric ecosystem of payments products,” […] The post 5 questions with … John Frerichs of JPMorgan Chase appeared first on Bank Automation News.

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XTransfer Showcases Cross-Border Payment Solutions at SFF 2024

Fintech News

XTransfer, a B2B cross-border payment platform, made its debut at the Singapore Fintech Festival (SFF) 2024 as a Gold Sponsor. The company aims to expand its presence in Southeast Asia, offering secure and efficient payment solutions to SMEs in the region. XTransfer’s CEO, Bill Deng, spoke at several panel discussions and explored collaborations with international financial institutions.

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Paze gets new leader amid slow start

Payments Dive

Early Warning Services, the bank-owned company that operates Paze, tapped a new leader last month for the digital wallet operation after slow progress in launching the new service.

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Lunu Pay Partners With Ingenico to Revolutionise Crypto Payments in Retail

Fintech Finance

Lunu Pay , a leader in Web3 payment solutions, is excited to announce its collaboration with Ingenico , a global innovator in payment acceptance and services, to bring cryptocurrency payments to physical retail stores. Through this partnership, Ingenico’s Android-based POS terminals will now support crypto payments, allowing merchants to accept leading cryptocurrencies such as Bitcoin, Ethereum, and USDT, alongside over 70 crypto wallets, including Binance, Coinbase, and Trust Wallet.

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Digital Lending Report Unveiled at Philippines Pavilion During SFF 2024

Fintech News

The Philippines made a strong showing at the Singapore Fintech Festival (SFF) 2024 , held from 6 to 8 November, under the “Bagong Pilipinas” pavilion. The initiative involves key government agencies such as the Bangko Sentral ng Pilipinas (BSP), Securities and Exchange Commission, Department of Finance, Department of Trade and Industry, Department of Information and Communications Technology (DICT), and Land Bank of the Philippines.

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Breakthrough Payment Orchestrator BR-DGE Appoints Chun Ong as Chief Operating Officer

Fintech Finance

Breakthrough payment orchestration provider BR-DGE has appointed Chun Ong as its new Chief Operating Officer, as the company scales rapidly to meet unprecedented demand for its pioneering and modular services. With BR-DGE now processing millions of transactions monthly on behalf of high-volume customers spanning travel, ecommerce, gaming and other sectors, Chun’s appointment comes at a critical time for the business.

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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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Superapp Enabler Boxo and Nium to Launch White-Label Remittance Platform

Fintech News

Boxo, a superapp enabler, and global payments infrastructure provider Nium have joined forces to launch a new white-label remittance platform for mobile apps. This platform allows mobile app developers to easily integrate international money transfer services into their existing platforms via Boxo’s software development kit (SDK). This provides users with a seamless and cost-effective way to send money across borders.

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Ant International Deploys AI to Streamline and Protect Cross-Border Transactions for Nearly 100 Million SMEs Worldwide

Fintech Finance

Ant International, a leading global digital payment and financial technology provider headquartered in Singapore, has been intensifying its integration of Artificial Intelligence (AI) technologies to enhance and secure millions of daily cross-border transactions for merchants across over 200 global markets. “Integration of AI into the processing of cross-border transactions is of critical importance to further strengthening global trade and commerce, especially for SMEs who up to now can’

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FTC sues fintech Dave over marketing, fees

Payments Dive

The Federal Trade Commission filed a complaint Tuesday alleging the fintech rarely disbursed the advertised loan amount and charged consumers a “tip” without giving them the ability to opt out of it.

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No Transaction Fees for Payments Of £10 Or Less For SumUp One Subscribers

Fintech Finance

Global fintech SumUp is pleased to announce that businesses signed up to the SumUp One multi-product subscription offering will no longer pay transaction fees on payments of £10 or less. In announcing this progression of the subscription offering, first launched March 2023, SumUp is further easing the burden on small merchants with this innovation, which will be available in Germany, the UK, France, and Italy.

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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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UBS pilots blockchain-based payment system

Finextra

UBS has successfully piloted a blockchain-based payment system, UBS DIgital Cash, designed to improve the speed and efficiency of cross-border transactions for corporate and institutional clients.

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Big Red Cloud Partners with GoCardless to Streamline Payments for Accountants and SMEs

Fintech Finance

GoCardless , the bank payment company, has expanded its relationship with Big Red Cloud. The cloud accounting software company, which is an existing GoCardless customer, will now become one of its 350+ partners by integrating GoCardless’ payment capabilities into its platform. This means Big Red Cloud customers can use Direct Debit to automatically collect and reconcile recurring payments from their own clients directly within Big Red Cloud.

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Making payments can be difficult—until they aren’t.

Basis Theory

Building a robust system to automate merchant payments can result in efficient money management and supplier relationships.

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Banks’ Scam Warnings Failing to Stop Customers from Taking Risks to Make Payments

Fintech Finance

The friction banks apply to instant bank transfers to slow down payments and protect customers from scams is ineffective and overlooked by users, according to new research* of 2,000 UK adults by Tunic Pay , an anti-fraud fintech company helping household-name UK banks detect and prevent scams before they happen, and Opinium, the market research consultancy.

Scams 77
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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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OCBC rolls out P2P pay-to-wallet service for cross-border remittances

Finextra

OCBC has used Visa Direct to become the first mobile banking app in Asia Pacific to let customers send near-instant peer-to-peer transfers to both Weixin Pay (WeChat Pay) and Alipay using just the recipient’s China national identification name and China mobile number.

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Ottu Announces Strategic Partnership With Keyloop To Revolutionize Automotive Dealers Digital Payments

Fintech Finance

Ottu , a leading fintech company in the GCC, announces its strategic partnership with Keyloop , a leading provider of automotive retail solutions. Ottu, in collaboration with Keyloop, promises to deliver a convenient, end-to-end, seamless payment experience. Ottu is an online payment gateway management system (OPMS) that empowers enterprises and automotive retailers to securely manage consumer online payments.

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Cross River drops lawsuit against Fiserv unit

Payments Dive

The Fort Lee, New Jersey-based lender dismissed a lawsuit that it had filed against First Data Merchant Services last year.

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Three Teams Win Top Honours at MAS Global Fintech Hackcelerator 2024

Fintech News

The three winners of the Global Fintech Hackcelerator 2024 has been announced at the Singapore Fintech Festival (SFF). The hackcelerator was organised by the Monetary Authority of Singapore (MAS) in collaboration with the Global Finance & Technology Network ( GFTN ). This year’s theme centered on “Improving Financial Health” and drew 77 proposals from over 10 countries.

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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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Behind the Idea: Carmoola

The Fintech Times

The UK car finance sector has often relied on dealership-based lending, bringing added fees and commissions that some consumers find restrictive. Carmoola , a direct-to-consumer fintech, recently secured a £100million debt deal with NatWest , positioning itself to offer a different approach, with rates it says are more competitive and accessible. In this week’s Behind the Idea, CEO and co-founder Aidan Rushby delves into Carmoola’s journey, the challenges of building a new finance model, a

Finance 64
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Nium partners blockchain-based Partior on cross-border payments

Finextra

Cross-border B2B payments operator Nium has formed a partnership with Partior, the blockchain-based fintech for clearing and settlement.

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TerraPay Teams up With Suyool to Enhance Financial Accessibility in Lebanon

The Fintech Times

Money movement firm TerraPay is aiming to enhance financial accessibility in Lebanon through a new partnership with Suyool , a licensed financial ecosystem regulated by Banque du Liban. Through the new partnership, TerraPay and Suyool are aiming to address the growing demand for fast, secure, and convenient remittance services in Lebanon. Lebanon remains heavily reliant on remittances, with over $6.5billion transferred to the country in 2023.

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Inside look: BNY’s Nvidia-built AI factory

Bank Automation

BNY has tapped Nvidia to build an AI factory to increase its computational power and deploy gen AI more efficiently within its operations. Nvidia AI factories are a set of graphic processing units (GPUs) embedded with Nvidia software that can be customized for each organization to run gen AI models efficiently, Malcolm deMayo, global vice […] The post Inside look: BNY’s Nvidia-built AI factory appeared first on Bank Automation News.

AI 59
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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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Can Fintech Bolster Economic Development in the Maldives as Climate Crisis Threatens Tourism Income?

The Fintech Times

The Maldives, Asia’s smallest country, comprises more than 1,000 coral islands that stretch along 871 kilometres in the Indian Ocean. While it has made significant gains from incoming tourism, the country needs to diversify its economy to ensure a positive future. We take a look at how fintech could play a role in facilitating this. Known for its beautiful islands, the South Asian nation of the Maldives has built a strong industry around tourism – contributing to almost a third of

FinTech 59
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Streamly Snapshot: Revolutionizing Cross-Border Payments — The Next Frontier

Finovate

From the continued relevance of paper checks to the rapid growth of digital technology, payments continues to be one of the most fascinating — and important — areas in fintech. In this week’s Streamly interview , William Mills, CEO of the William Mills Agency, talks with Kevin Brown, CMO and Head of Corporate Development for Onbe. The two men discuss a variety of key issues in the payments world, including the potential for AI to revolutionize payment systems and the future of

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BCA Syariah Adopts Vault Core to Provide Sharia-Compliant Products in Indonesia

The Fintech Times

Looking to bring digital Sharia-compliant products and services to Islamic banking in Indonesia, BCA Syariah , a subsidiary of Bank Central Asia (BCA) that provides Islamic banking services, has adopted Thought Machine ’s cloud-native core banking platform, Vault Core. Adopting Vault Core is crucial to BCA Syariah’s strategy to provide faster and more reliable banking services for its customers.

Product 59
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Dynamic Planner Partners with Salesforce

Finovate

U.K.-based financial planning and advice platform Dynamic Planner has teamed up with Salesforce. The partnership will make Dynamic Planner available on the Salesforce AppExchange and is the company’s second CRM partnership in as many months. Dynamic Planner made its Finovate debut at FinovateEurope 2022 in London. Risk-based financial planning system Dynamic Planner has announced a new partnership with Salesforce.

CRM 59
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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.