Thu.Apr 11, 2024

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Podcast: Cloud migration ‘a must’ for FIs

Bank Automation

Financial institutions are prioritizing cloud migration as cost reduction and innovation continue to be top of mind. “We definitely see cloud migration as a must,” Rodrigo Silva, regional director for the Americas at Temenos, tells Bank Automation News on this episode of “The Buzz” podcast.

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How PayJoy built a $300M business by letting the underserved use their smartphones as collateral for loans

TechCrunch Fintech

Lerato Motloung is a mother of two who works in a supermarket in Johannesburg, South Africa. After her phone was stolen, Motloung had to go without a mobile phone for nine months because she could not afford a new one. Then, in February 2024, she saw a sign about PayJoy, a startup that offers lending […] © 2024 TechCrunch. All rights reserved.

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Revolutionising Cross Border Payments in the APAC Ecosystem

Fintech News

In the Asia-Pacific (APAC) region, the economic growth narrative is interwoven with technological innovation, propelling the B2B payments market into new realms of possibility. With a valuation that leapt from US$478.23 billion in 2022 to a projected US$1.14 trillion by 2031, charting a CAGR of 10.4 percent, this market’s trajectory mirrors the region’s broader aspirations for economic integration and digital transformation.

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EWA providers seek to steer state legislation

Payments Dive

Payactiv, DailyPay and other earned wage access providers teamed up in calling on the governor of Kansas to pass legislation similar to laws recently enacted in three other states.

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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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APP Fraud, Identity Fraud and AI-Enabled Fraud Spotlighted as Main Threats Facing Fintech

The Fintech Times

During PAY360, the dedicated payments-focused event, its organisers, The Payments Association conducted a survey of its attendees to understand the fraud landscape and what organisations are most fearful of. The Payments Association asked three questions to those leaving the event , about their views on fraud. The aim of the survey was to help firms in the space understand where resources should be allocated to protect their data and consumer funds.

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Barclays invests in Funding Xchange

Finextra

Barclays has led a Series B financing round for Funding Xchange (FXE), a provider of white-label software for lenders to SMEs. The size of the round was not disclosed.

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More Trending

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Brightwell contracts Bloomberg for investment workflow

Finextra

Bloomberg today announced that Brightwell, the end-to-end service provider for defined benefit pension schemes and primary service provider to the BT Pension Scheme, has selected EMSX, a leading multi-asset execution management solution to enhance its investment workflow for futures and options trading.

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Bank of China lets taxi drivers accept central bank digital currency payments on NFC mobile phones

NFCW

The Bank of China is conducting a pilot in the city of Shenzhen of a new service that makes it possible for merchants to accept contactless digital currency payments on standard NFC mobile phones. Taxi drivers taking part in the SoftPOS pilot use the bank’s e-yuan central bank digital currency (CBDC) app to enter the amount of a fare, Yicai Global reports.

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Newcastle Building Society signs up to Zest benefits platform

Finextra

Employee benefits provider, Zest, has partnered with Newcastle Building Society, one of the UK’s largest building societies, to offer flexible benefits through its intuitive platform.

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TransferGo Raises US$10 Million to Fuel Asia Pacific Growth Plans

Fintech News

TransferGo, an online money transfer platform operating in over 160 countries, recently announced it has raised US$10 million from Taiwania Capital, a Taiwanese venture capital firm. This funding is part of TransferGo ‘s strategy to expand its presence in the Asia-Pacific region and to enhance its range of products. The company, which has seen its valuation double since a funding round in September 2021, reports a 50% increase in revenue and reached profitability in 2023.

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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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Hong Kong set to approve first crypto ETF

Finextra

Hong Kong's financial regulator is poised to give the green light to the first batch of bitcoin spot ETFs.

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The Sponsors Backing Money20/20 Asia’s Inaugural Thai Edition

Fintech News

In the rapidly evolving landscape of fintech, industry events and conferences serve as epicenters of collaboration, insight, and networking. Among these, Money20/20 Asia stands as a premier platform, orchestrating dialogues that shape the future of finance in one of the world’s most dynamic regions, and serving as a nexus for knowledge sharing and business connections.

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Deblock chooses Numeral for SEPA payments

Finextra

Deblock, the first current account that accepts both euros and cryptocurrencies, has chosen Numeral, the payment technology provider, to manage its SEPA payments

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Why more tech in stores shouldn’t mean fewer workers

Payments Dive

Stores can automate more tasks than ever, including pricing, inventory management and checkout. But for theft prevention, customer service and brand engagement, they need humans.

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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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PE software startup raises £11m

Finextra

Pactio, a UK-based fintech focused on the private equity (PE) market has completed an £11m series A funding round

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How Do Emerging Trends For Banking-as-a-Service Differ Across the Globe?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. Having established what regulatory challenges banks and fintechs should be aware of when leveraging banking-as-a-service (BaaS), and how the technology is advancing financial inc

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Mastercard appoints three C-suite execs

Payments Dive

As part of the leadership changes and a corporate realignment, a long-time executive is also leaving the card network company.

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Carrot or Stick? What EU Investors and Startups Can Expect From New ESG Regulation

The Fintech Times

Highlighting the EU’s efforts to combat greenwashing and enforce the Corporate Sustainability Reporting Directive (CSRD), many are calling for clearer regulatory guidance to help investors and startups effectively integrate ESG principles. As a representative of the Finnish fintech ecosystem, known for its deep commitment to the sustainability agenda, Lasse Mäkelä , chief strategy and IR officer at Multitude Group , promotes a purpose-driven approach to ESG implementation and suggests that

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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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Ex-PayPal CEO Schulman joins Valor Capital

Finextra

Former PayPal and American Express boss Dan Schulman is joining Valor Capital Group, the cross-border venture fund focused on bridging the US and Latin American technology markets.

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Latest Product Innovations: Unlock Efficient Revenue Growth in 2024 and beyond

Chargebee

Businesses across the globe have seen a massive shift in priorities over the past five years. From ‘Growth at all costs’ to 2023 being the ‘Year of Efficiency’ as termed by Zuckerberg, the objectives shifted to reducing operational overheads, becoming nimble, and redefining processes. Many companies, including tech giants like Alphabet and Amazon, agreed that 2023 was the Year of Efficiency (or the Year of Resilience, as some called it) and optimized processes to do more with less.

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74% of Employees Falling Victim to Phishing Attacks Hit With Disciplinary Actions; Egress Reveals

The Fintech Times

Phishing attacks continue to plague businesses, with as much as 94 per cent of companies falling victim to this type of cybercrime in the past year alone, according to the latest Egress ‘Email Threat Landscape 2024’ report. The Egress report highlights organisations’ evolving cybersecurity challenges, particularly involving phishing attacks, and has sparked concern among industry experts and cybersecurity leaders.

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Cognizant partners with Shopify and Google Cloud

The Paypers

US-based professional services company Cognizant has announced its strategic partnership with Shopify and Google Cloud , aiming to advance digitalisation for global retailers.

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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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Travel payments magic, revealed

The Payments Association

Globally, B2B travel transaction volumes are projected to reach $1.

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Fintechs push for data access

Bank Automation

NEW YORK — The free flow of consumer data and information would spark innovation in their industry, fintech leaders say.

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Open Banking and How it Will Transform the Financial Services Industry

The Fintech Times

With open banking, consumers can manage their finances across multiple accounts and providers, while fintech companies can develop innovative products and services tailored to individual needs, ultimately driving financial inclusion and fostering a more dynamic and competitive financial ecosystem. James Hickman is the chief commercial officer of Ecospend, a Trustly company which specialises in open banking technology and account-to-account payments.

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TRM Labs Welcomes Former INTERPOL President Boon Hui Khoo as Senior Advisor

Fintech News

Blockchain intelligence company TRM Labs announced that it has named Boon Hui Khoo as its senior advisor. Khoo, with an extensive background in public service, law enforcement, and national security, joins the company to enhance its efforts in combating fraud and financial crime within digital asset spaces. His career includes serving as the Commissioner of Police for the Singapore Police Force from 1997 to 2010 and holding the presidency of INTERPOL from 2008 to 2012.

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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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Taking it to the Streets: How No-code Payments Integration® Saved Time and Money for DocTerra Mobile Veterinary Services

PayJunction

DocTerra Mobile Veterinary Services is a 24-foot all-mobile veterinary clinic in North Carolina. The clinic is equipped to provide the same veterinary care as a brick-and-mortar practice for all pets, large and small: dogs, cats, birds, turtles, rabbits, horses, farm animals, and even ostriches. The vet team drives to patients’ homes and farms for wellness checks, emergency care, surgery, dentistry work, lab tests and radiology.

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DataVisor and Mitek Team Up to Help Financial Institutions Fight Check Fraud

Finovate

Fraud and risk platform DataVisor announced a partnership with identity verification company Mitek this week. DataVisor will integrate Mitek’s Check Fraud Defender solution into its platform to offer FIs real-time check fraud decision orchestration. DataVisor made its Finovate debut last year at FinovateFall in New York. Mitek has been a Finovate alum since winning Best of Show at its Finovate debut at FinovateSpring in 2011.

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Verituity integrates Mastercard Move for payouts

Finextra

Verituity, a leading provider of intelligent, verified payout solutions, today announced the integration of Mastercard Move, Mastercard’s portfolio of domestic and international money transfer solutions, into its payments platform, enabling near real-time payouts for commercial banks and payers.

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SMB Financial Management Platform Mimo Raises £15.5M and Launches Platform To Simplify B2B Payments

Fintech Finance

Mimo , the platform simplifying global payments, cash flow, and financial management for SMBs and accountants, has raised £15.5M (€18M) of new investment. The company is launching its platform with this funding, which was led by Northzone. Other investors participating in this round include Cocoa Ventures, Seedcamp, Upfin VC, with an asset backed facility arranged by Fost and participation from various angel investors including founders and early operators from the likes of Stripe, GoCardless, W

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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.