The Fintech Times

SEPTEMBER 21, 2024

Major retail banks in Singapore are set to progressively implement Singpass Face Verification (SFV) in the near future, as the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) plan to strengthen the digital token (DT) setup process for retail banking customers. Current plans outline that Singpass Face Verification (SFV) will be used in higher-risk scenarios to strengthen and complement existing authentication methods for DT setup.

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Verification Scams Financial Crimes Crime 72

The Fintech Times

SEPTEMBER 21, 2024

Astra Tech, a consumer technology group based in Abu Dhabi, has launched a new service called ‘send now, pay later (SNPL) via its Botim Ultra App. SNPL is part of Astra Tech’s growing fintech ecosystem, which has seen steady growth in transaction volumes. Following the success of its expanded remittance services in 2023, Astra Tech aims to capture a larger share of the UAE’s remittance market.

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Financial Inclusion BNPL Central Bank Volume 64

The Fintech Times

SEPTEMBER 21, 2024

Canada’s payment market is rapidly digitising according to research from Technology Strategies International , the market research and industry analysis company. In its Canadian Payments Forecast, 2024 , Technology Strategies International reveals that contactless payment cards account for three-quarters of contactless payment transactions in Canada.

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Contactless Payments Payments Credit Cards Mobile Payments 59

The Fintech Times

SEPTEMBER 21, 2024

Amidst a high interest rate environment, 70 per cent of banks have seen the total value of their balance sheet grow in the past 12 months, leading to 77 per cent feeling increased pressure to innovate to better meet customer needs and provide them with relevant banking products at pace. These findings come from data-driven core banking engine, SaaScada , which has unveiled its latest report: Boosting Net Interest Margins: Why Banks Must Not Wait To Innovate , revealing UK banks’ ongoing struggle

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Innovation Product Assessments Addressing 59

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

Payments

The Fintech Times

SEPTEMBER 21, 2024

The Federal Deposit Insurance Corporation (FDIC) has proposed new regulations following the collapse of Synapse Financial Technologies , aimed at addressing the risks associated with bank-fintech partnerships. The collapse of Synapse, which froze thousands of customer accounts earlier this year, highlighted critical weaknesses in the way these partnerships manage customer deposits.

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FDIC FinTech Rules Regulations 59

The Fintech Times

SEPTEMBER 21, 2024

Just shy of one-fifth of homeowners feel that the technological features offered by lenders are falling short of their expectations, according to the latest report from UK-based cloud mortgage and savings software provider, finova. After surveying over 500 borrowers and 500 brokers for its new report ‘ Homeownership in the digital age ‘, finova reveals that 19 per cent of homeowners are dissatisfied with the services and features lenders have offered them.

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Consulting On-Demand AI Addressing 59