Fri.Feb 09, 2024

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Natwest becomes first bank accepted into UK Open Banking DPS

Finextra

NatWest Bank has been confirmed as the first UK Bank to become a supplier on the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for Open Banking.

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Banks should step up scam response: fraud expert

Payments Dive

With regulators gearing up to take a stronger stance against digital payments fraud, banks must focus on how they handle scams, says one executive.

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New York expands Digital Currency Group lawsuit to seek $3bn

Finextra

New York Attorney General Letitia James has filed an amended lawsuit against crypto firm Gemini and Digital Currency Group, alleging that nearly quarter of a million investors were defrauded out of more than $3 billion, rather than the $1 billion claimed in the initial suit.

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Competitive Edge: Exploring the Advantages of Implementing Loan Recovery Software

Finezza

The lending business has become much more competitive over the last few years, with banks, Non-Banking Financial Companies (NBFCs), neo-banks, and even newer players, such as payment apps, vying to expand their customer base. In this landscape, lenders invest a significant amount of time in building robust revenue-optimising strategies. Typically, they tend to focus their […] The post Competitive Edge: Exploring the Advantages of Implementing Loan Recovery Software appeared first on Finezz

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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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NextGen Nordics 2024: Agenda to cover AI, Buy Now Pay Later, data privacy and Request to Pay

Finextra

The Nordic region has been at the vanguard of innovation across payments for decades, but is that the case in 2024? NextGen Nordics 2024 - a leading conference led by Finextra Research held in Stockholm on 23 April 2024 - will procure an answer to this question from experts hailing from Denmark, Finland, Iceland, Norway and Sweden.

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iProov Outlines 672% Rise in Deepfake Media as Threat Actors Increase Productivity

The Fintech Times

Across 2022 and 2023, indiscriminate attack levels ranged from 50,000 to 100,000 times per month. At the same time, the number of groups exchanging information related to attacks against biometric and remote human identification grew significantly, biometric identity solution provider iProov has revealed its latest report. The buzz surrounding Artificial Intelligence ( AI ) continued throughout 2023, right the way through to now – thanks to the seemingly limitless potential of the emerging

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More Trending

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Western Union, Euronet lean into digital growth

Payments Dive

The cross-border payments companies are increasingly turning to digital services to drive growth in a market that is “a bare-knuckle street fight every single day.

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What bank execs are saying about gen AI

Bank Automation

Banks are identifying uses for generative AI and finding ways to make it effective and responsible. According to a Dec. 11 report by consulting giant EY, 100% of respondents said they are either already using or plan to use generative AI within their institutions.

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91.1% of Organisations Impacted by AI-Enhanced Phishing Attacks, Acronis Reports

The Fintech Times

AI-enhanced attacks are on the rise, leaving many organisations’ cybersecurity unprepared for the volume of new challenges; reveals cyber protection firm, Acronis , in its latest cyber threats report. The latest Acronis release, ‘ Cyberthreats Report, H2 2023: Alarming rise in cyberattacks, SMBs and MSPs in the crosshairs ‘, details how organisations experienced a 54 per cent increase in the number of attacks per organisation.

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Nvidia nears Amazon’s market value as blazing rally drives ahead

Bank Automation

Nvidia Corp.’s stock has rallied so much this year that it’s now threatening to overtake Amazon.com Inc. to become the fourth most valuable US company. Having added nearly Tesla Inc.’s entire market capitalization in the past two months alone, Nvidia is worth $1.74 trillion, just shy of Amazon at $1.77 trillion.

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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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FinMont partners with ConnexPay to augment travel payments

The Paypers

Global payment orchestration platform FinMont has added B2B payment platform ConnexPay ’s all-In-one payment solution to their travel orchestration platform.

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Affirm tech spend down 32% YoY, revenue up 48%

Bank Automation

Buy now, pay later provider Affirm reduced overall operating expenses for the fourth consecutive quarter as operational efficiency and consumer growth remained a priority. Tech and data analytics spend, which totaled $59 million during the quarter, was down 32% year over year, according to Affirm’s earnings supplement for the fiscal second quarter, which ended Dec.

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Dock Opens Digital Bank Branch to Democratise Access to Digital Banking in Favelas

The Fintech Times

Dock , the payments and digital banking enabler in LatAm, is supporting G10 , a digital bank born within the favela, with its technology as it aims to invest in entrepreneurial power and encourage online banking for residents of the Paraisópolis community. G10 Bank works as a fintech, with Dock technology, the same used by large Brazilian fintechs and digital banks.

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Finovate Global: Fintechs Representing More than 15 Countries to Demo at FinovateEurope 2024

Finovate

FinovateEurope 2024 will have its fair share of local talent demoing live on the Finovate stage on 27 February in London. And while we’re looking forward to the return of FinovateEurope 2023 Best of Show winner NayaOne , we’re also excited to meet a whole bunch of U.K.-based fintechs that are making their Finovate debuts: Darksquare DashDevs Doshi Eleos Quantum Dice Sikoia Tunic Tuum WELREX Zeed FinovateEurope 2024 will also feature one of our most geographically diverse lineups to d

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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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Kraken Bags VASP Registration from Dutch Central Bank, Expanding European Presence

The Fintech Times

Cryptocurrency exchange Kraken has achieved a notable milestone in its European expansion strategy with the recent acquisition of a VASP registration from the Dutch Central Bank (DNB). This registration grants Kraken the ability to operate within the Dutch market and offer its services to clients in the region. Demonstrating a commitment to regulatory compliance, Kraken has also successfully obtained similar registrations in Spain, Italy, and Ireland, reflecting its dedication to meeting regulat

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Navro receives authorisation from the Central Bank of Ireland to provide payment services

Finextra

Navro – the pioneering fintech firm formerly known as Paytrix that simplifies global payments for international businesses – today confirms that it has been authorised by the Central Bank of Ireland as an Electronic Money Institution (EMI). Under the terms of the licence, fast-growth businesses with international ambitions can benefit from Navro’s global payments curation services under the protection of European Union regulation.

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Empowering Startups with the Visa Africa Fintech Accelerator: In Conversation With Orda

The Fintech Times

Exploring Africa’s blossoming fintech ecosystem, The Fintech Times delves into the success of Visa ’s Accelerator Program from the cohort’s perspective, uncovering the program’s instrumental role in fostering and bolstering startups across the continent. Introduced in July of last year, the Visa Africa Fintech Accelerator is a 12-week virtual initiative designed to support fintech startups throughout the continent, providing them with the necessary resources to foster growth and make

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Oliver Wyman to acquire Innopay

Fintech Finance

Oliver Wyman , a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), announced today that it has reached an agreement to buy Innopay , a leading consultancy firm specialized in digital transactions. Innopay will complement Oliver Wyman’s existing payments consulting capabilities. Terms of the transaction, which is expected to close before the end of the first quarter of 2024, were not disclosed.

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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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Brands and Banks Must do More to Support Borrowers During Cost of Living Crisis, Urges Fuse

The Fintech Times

As the cost of living persists across the UK, an increasing number of people are turning to credit to pay their bills. However, new research suggests that access to credit is worsening – with many believing that the responsibility should fall on brands to support people. 11.5 million, or 39 per cent of financially vulnerable people, have no option but to turn to credit to afford everyday expenses, new research from AI-powered transaction analytics firm, Fuse , has found.

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What is ICFR? Internal Controls over Financial Reporting

Nanonets

ICFR is more than a "check the block" exercise; effective and quality ICFR describes an entire ethos of financial transparency and accountability. ICFR runs the gamut of control systems and processes a company takes to ensure the validity of its financial statements and stay out of hot water with regulators, investors, and stakeholders. While ICFR seems complex, considering the abundant resources available, many steps are common sense and easily implemented.

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NatWest Spearheads Open Banking Adoption as First UK Bank Appointed to the DPS

The Fintech Times

NatWest is the first UK bank to be named as a supplier on the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for open banking services. This DPS is accessible by all public sector entities in the UK including central government, local authorities, NHS, police, education providers, devolved administrations and charities. Suppliers can join the DPS at any time over its eight-year lifespan.

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NatWest first UK bank accepted onto new UK Open Banking DPS

Fintech Finance

NatWest has become the first UK bank to be named as a supplier on the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for Open Banking services. This DPS will be accessible by all public sector entities in the UK including central government, local authorities, NHS, police, education providers, devolved administrations and charities.

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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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HSBC and Google Cloud to expand the Climate Tech Ecosystem

The Paypers

In a recent announcement, HSBC and Google Cloud have joined forces to support climate mitigation and resilience efforts.

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Navro (formerly Paytrix) authorised by Central Bank of Ireland to provide EU-regulated, global payment services

Fintech Finance

Navro – the pioneering fintech firm formerly known as Paytrix that simplifies global payments for international businesses – today confirms that it has been authorised by the Central Bank of Ireland as an Electronic Money Institution (EMI). Under the terms of the licence, fast-growth businesses with international ambitions can benefit from Navro’s global payments curation services under the protection of European Union regulation.

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Enterprise Order Management Trends: Complex to Composable

DeckCommerce

This blog explores key trends in enterprise order management and the shift from monolithic technology to a more modular and agile approach.

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BCFC and Mastercard partner to launch commercial credit cards in the Kingdom of Bahrain

Fintech Finance

Bahrain Commercial Facilities Company (BCFC), in a strategic partnership with Mastercard , is set to transform Bahrain’s commercial payments landscape with the introduction of their Commercial Cards Program for companies, corporations and small and medium sized businesses. Through this partnership, Mastercard and BCFC will offer solutions to effectively manage company expenses, payables, and overall cash flow.

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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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Understanding consumer protection and commercial VRPs

Finextra

The emergence of Variable Recurring Payments (VRPs) marks a significant milestone in the realm of op.

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Barclays to acquire the retail banking business of Tesco

The Paypers

Barclays has announced its decision to acquire the retail banking business of Tesco, as well as to provide customers with branded credit cards, personal loans, and deposits.

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SEC issues more communication fines

Finextra

The Securities and Exchange Commission today announced charges against five broker-dealers, seven dually registered broker-dealers and investment advisers, and four affiliated investment advisers for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications.

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Cantaloupe, Inc. Reports Second Quarter Fiscal Year 2024 Financial Results

The Nilson Report

The post Cantaloupe, Inc. Reports Second Quarter Fiscal Year 2024 Financial Results appeared first on Nilson Report.

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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.