Fri.Aug 09, 2024

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Shift4 strives to become ‘SpaceX of payments’

Payments Dive

Recent acquisitions and an expanded roster of clients that includes several sports teams are intended to help Shift4 dominate the payments space, the CEO said.

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What are Large Language Models (LLMs)

Nanonets

Introduction We’ve all asked Alexa to play a song, or Siri to call someone, or ChatGPT to answer our questions. It’s quite fascinating how technology has advanced to a point where it can understand our intent and give us context aware responses. But what exactly is the technology behind all of this? Large Language Models (LLMs) are AI systems that can understand human language, and also generate context aware responses based on it.

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Capital One-Discover antitrust concerns may be overblown

Payments Dive

Capital One’s proposed acquisition of the smaller Discover seems “too small to be a core antitrust concern,” said Barry Barnett, an antitrust lawyer.

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‘Critical’ to Use ‘Verifiably Green Data’, Says Holon as it Partners With Dubai AI & Web3 Festival

The Fintech Times

Holon , an Australian-based Web3 infrastructure company, is partnering with the Dubai AI & Web3 Festival 2024, in a move to drive AI and property infrastructure integration within the Web3 and data storage sectors forward. The news follows the signing of a Memorandum of Understanding (MoU) by Heath Behncke , managing director of Holon, and a member of the festival’s advisory committee.

AI 109
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The Evolving Retailer's Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

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

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Finovate Global Philippines: Mynt’s Millions and Opening the Door for More Digital Banks

Finovate

This week’s edition of Finovate Global highlights recent fintech news from the Philippines. Philippine mobile payments company Mynt , the firm behind super app GCash , has secured an investment of $393 million courtesy of an investment from Mitsubishi UFJ (MUFG). The funding comes at virtually the same time as the company reported another $393 million investment, this one from Philippines-based conglomerate Ayala Corporation. “We are thrilled to welcome MUFG as a new strategic partne

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Salad Money Reveals How Lenders Can Identify Gamblers Before Providing a Loan

The Fintech Times

Salad Money , a social enterprise and social purpose lender, has analysed transactions of those applying for credit and revealed that harmful, heavy gambling is on the rise, with people turning to lenders to help fuel their addictions. In its report, Salad Money examined 200 million transactions from more than 177,000 people with an average net income (including benefits) of £34,000.

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Newland NPT and Bluefin Join Hands in Streamlining Payment Services at MotoGP

Fintech Finance

Newland NPT recently announced its latest collaboration with Bluefin to provide payment solutions for this year’s MotoGP event in Spielberg, Austria. This partnership aims to deliver innovative and streamlined payment solutions for all attendees at this major international sporting event. It integrates Newland NPT’s cutting-edge secure payment devices, the N950 and the N910 , with Bluefin’s leading TECS Platform, a reliable payment transaction processing system, ensuring a seam

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The future of cross-border payments depends on collaboration

The Payments Association

Cross-border payments are the lifeblood of global trade. They fuel the import and export of goods and services, facilitate commodities and equities trading, and are vital to improving financial inclusion in the world’s poorer countries. So why are they still hampered by settlement delays, high fees and inefficiencies that block the path to business expansion to new markets?

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Reward Powers New NatWest Travel Reward Credit Card

Fintech Finance

Reward , global leader in customer engagement and commerce media, has expanded its partnership with NatWest to power its new Travel Reward Credit Card. This follows a longstanding partnership between the two brands, with Reward powering NatWest’s award-winning rewards programme MyRewards, helping deliver real value to Credit Card customers. Leveraging Reward’s customer engagement platform, the new product enhances travel experiences through an extensive travel rewards programme, allowing Credit

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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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ClearBank secures Dutch banking license

Finextra

British bank ClearBank has secured its European banking license from the European Central Bank, under supervision of De Nederlandsche Bank.

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MultiPass Secures Licence to Operate in the UAE

Fintech Finance

MultiPass , a global payment solution that provides modern financial products for businesses trading globally, has obtained a financial services licence in the UAE, regulated by the Dubai Financial Services Authority (DFSA). This milestone marks a significant step in the strategic expansion into the Middle East and will allow our clients to access local currency and payout.

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Treasury to replace checks with FedNow payments

Bank Automation

The U.S. Federal Reserve’s FedNow platform has exceeded expectations in its first year, expanding its reach to 10% of financial institutions, so far.

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Payhawk Expands Partnership With Marqeta to Tackle Fraud Using Advanced Card Controls

Fintech Finance

Payhawk , the global spend management solution, has expanded its partnership with Marqeta , the global modern card issuing platform powering some of today’s most innovative embedded finance solutions, to tackle fraud and the misuse of company funds using Advanced Card Controls. The new capability is available across all 32 countries served by Payhawk where it operates its premium Visa debit and credit cards.

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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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Flywire acquires Invoiced for $55M

Payments Dive

By way of the latest deal, the software company seeks to further expand its international payments services for its business-to-business clientele.

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TD Bank sees future opportunity for Tap to Pay

Bank Automation

TD Bank largely innovates based on customer feedback and lately it has discovered an opportunity for larger companies to use its Tap to Pay for iPhone offering. “There’s so much opportunity from a tap-to-pay solution perspective,” Paul Margarites, head of commercial digital platforms at TD Bank, told Bank Automation News.

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Payoneer buys payroll firm Skuad

Finextra

Cross-border payments firm Payoneer has acquired Singapore-based workforce and payroll management outfit Skuad for $61 million in cash.

Payroll 75
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ClearBank wins license allowing fintech to expand across europe

Bank Automation

ClearBank Ltd. said it received a banking license allowing the fintech to offer real-time clearing and settlement services to clients across Europe, marking the UK company’s first step toward global expansion. The European Central Bank authorized the permit, under the supervision of De Nederlandsche Bank, ClearBank said in a statement Friday.

FinTech 72
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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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CFTC orders FTX to pay customers $12.7 billion

Finextra

FTX has been ordered by the Commodity Futures Trading Commission (CFTC) to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.

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ICAEW Joins Forces With UAE Banks Federation to Guide Digital Transformation as CBDC Efforts Ramp Up

The Fintech Times

The Institute of Chartered Accountants in England and Wales (ICAEW) is joining forces with the UAE Banks Federation (UBF), aiming to help companies navigate the changing digital assets landscape. This initiative coincides with the UAE’s advanced pilot of a Central Bank Digital Currency (CBDC), which is designed to work alongside traditional physical currencies, offering a secure and efficient method of digital transactions.

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Industry cloud platforms: The future of Cloud

Finextra

Industry cloud platforms (ICP), distinct from general-purpose cloud platforms, are tailored to meet.

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AU10TIX Aims to Reduce Operational Risk for Businesses With New AML Solution

The Fintech Times

AU10TIX , the identity verification and management firm, has unveiled a new anti-money laundering (AML) solution, in a move to help businesses ensure a safer approach to risk mitigation. The AU10TIX AML solution aims to address the significant business risks posed by financial crimes such as money laundering, fraud, and terrorism financing, the solution incorporates rigorous internal quality checks and a proprietary decision-making mechanism to filter out unreliable data.

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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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Sustainable Finance Live 2024: The impact of biodiversity in the Nordics

Finextra

Leading up to Sustainable Finance Live 2024, that will be taking place on 8 October at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and keynote speaker at the event, conducted an interview with FinextraTV on the impact of biodiversity in the Nordics.

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ClearBank Expands into Europe, Secures ECB Licence for Euro Settlement Services

The Fintech Times

ClearBank has expanded into Europe, securing a Dutch banking licence to offer Euro settlement services and banking solutions, marking the first step in its international growth strategy. The newly established ClearBank Europe N.V. has secured a Credit Institution Licence from the European Central Bank (ECB), under the supervision of De Nederlandsche Bank.

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Reward expands NatWest partnership for Travel Reward Credit Card

Finextra

Reward, global leader in customer engagement and commerce media, has expanded its partnership with NatWest to power its new Travel Reward Credit Card. This follows a longstanding partnership between the two brands, with Reward powering NatWest’s award-winning rewards programme MyRewards, helping deliver real value to Credit Card customers.

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Spotlight on Singapore: A Fintech Powerhouse Fuelling Innovation in Asia

The Fintech Times

Singapore has been a remarkable success story in economic development, transforming itself into one of the most developed economies in the world. But what is its fintech ecosystem like? As a member of the Association of Southeast Asian Nations (ASEAN), Singapore is not only a regional hub in Asia but arguably a global one as well. This is especially evident in financial services, where it now ranks as the most important financial hub in Asia, overtaking Hong Kong, and ranks third globally behind

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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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AI in Banking: Are Banks Ready for the User Experience Revolution?

Finextra

The integration of AI into banking is poised to dramatically transform the industry within the next.

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Only 56% of Merchants Accept Digital Wallets – Firms Must Do More to Ensure Completed Transactions

The Fintech Times

Ensuring a good customer experience at checkout is a surefire way to either make or break a customer’s loyalty. In fact, research from Applause , the testing and digital quality solutions provider, has found over three in four (76 per cent) customers will abandon a transaction if their preferred payment method is not accepted. The survey, titled Digital Payments and Localization Survey , examined 6,700 customers, software developers and QA professionals.

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Valhalla is entering a partnership with Sunderland AFC for the full 2024-2025 season

Fintech Review

Miami, Florida, August 9th, 2024, Chainwire Valhalla is entering a partnership with Sunderland AFC for the full 24/25 season, including a prominent back of shirt sponsor position. The package includes: 4 minutes of in-game pitchside LED display at all home league fixtures. Interview backdrops at The Academy of Light – at pre-game press conferences. The tunnel at the Ground – for TV interviews.