Fintech News
JUNE 30, 2024
Nearly three-quarters of banks globally continue to run on legacy core banking systems, which fail to deliver on transformation goals. However, new reports by the International Data Corporation (IDC), commissioned by Thought Machine, reveal that 98% of banks are planning to upgrade their core banking systems to accelerate digital transformation within the next three years.
The Fintech Times
JUNE 30, 2024
Lynx , a provider of artificial intelligence (AI) software that detects and prevents fraud and financial crimes, has introduced a real-time mule detection solution for banks and financial institutions. The solution helps banks swiftly identify and prevent money mule activities, addressing global regulatory demands and significant laundering operations.
Fintech News
JUNE 30, 2024
The Monetary Authority of Singapore (MAS) , alongside international financial institutions, has successfully completed the first phase of the Global Layer 1 (GL1) initiative. The regulator is now focusing on developing standards, market practices, and governing principles for digital infrastructure supporting tokenised assets. The MAS Global Layer 1 initiative includes partnerships with global industry associations and financial institutions to develop common standards in fixed income, foreign e
The Fintech Times
JUNE 30, 2024
The Central Bank of the UAE (CBUAE) has issued the Open Finance Regulation, a significant component of its financial infrastructure transformation programme. This regulation aims to ensure the soundness and efficiency of open finance services, promote innovation, enhance competitiveness and bolster the UAE’s status as a financial technology hub. The new regulation mandates that all financial institutions supervised by the CBUAE must participate in the open finance framework concerning their prod
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
Fintech News
JUNE 30, 2024
Silverlake Axis, a Singapore Mainboard-listed provider of enterprise and digital financial services solutions, has announced that Cassandra Goh Shiou Ling will assume the role of Group CEO. Effective 1 July 2024, Goh succeeds Andrew Tan Teik Wei, marking an earlier-than-expected transition. Goh was expected to take on the Group CEO role in 2025. Goh aims to continue the growth trajectory set by her predecessor, Andrew Tan, who will remain with the company to provide strategic guidance until 31 D
The Fintech Times
JUNE 30, 2024
London remains a hotspot for fintech jobs, facing strong competition from Amsterdam, Paris, and Geneva. The fintech market is highly candidate-driven, with top talent typically receiving two to four job offers. That is according to Harrington Starr, a recruitment firm specialising in financial technology, which has delved into trends into the current job market.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Fintech Times
JUNE 30, 2024
Six months after unveiling plans to reenter the UK market, Amsterdam-based challenger bank bunq insists it is waiting ‘patiently’ for its E-Money Institution (EMI) licence. However, the bank admits it could be next year before it secures the necessary regulatory approval. bunq initially pulled out of the UK market in 2020 due to the uncertainties and complications caused by Brexit.
Finextra
JUNE 30, 2024
Digital banking giant Chime has acquired employee rewards startup Salt Labs. Financial terms of the deal were not disclosed.
The Fintech Times
JUNE 30, 2024
As summer travel season kicks off, the importance of digital wallets in enhancing travel experiences is clear, with three-quarters of US travellers now using them on their trips. Addressing the need for secure digital payment solutions, Visa has introduced its Digital Emergency Card Replacement service. Digital wallets have become an integral aspect of the travel experience for 74 per cent of travellers, most prominent amongst affluents (83 per cent) and millennials (82 per cent).
Finextra
JUNE 30, 2024
Machine learning is emerging to become a key evolutionary force within the fintech landscape, and wi.
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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 Paypers
JUNE 30, 2024
The Abu Dhabi Islamic Bank (ADIB) has entered a strategic collaboration with Silent Eight to automate its alert screening investigation process and improve its capabilities.
The Fintech Times
JUNE 30, 2024
This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). No longer just a trending topic but an essential consideration to not only your business operations but in your offering as well, this topic feels more relevant now than ever before. The fintech industry is known for its innovative, agile reputation, and yet it still faces a significant diversity problem that threatens to halt its growth and stop that innovation moving.
The Paypers
JUNE 30, 2024
Taiwan-based CTBC Bank has announced its partnership with Avaloq in order to offer an optimised private banking experience in Hong Kong and Singapore.
CoinRemitter
JUNE 30, 2024
Decentralized Autonomous Organizations (DAOs) are at the forefront of the decentralized ecosystem, offering a new way to govern, handle finances, and make informed decisions. Despite being built on the blockchain , many don’t know how DAOs function or their potential impact on different industries. This blog will explain what DAOs are, how they function, their challenges, and why they’ll play an important role in the future.
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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