The Fintech Times

JUNE 2, 2024

Fraud prevention decision-makers across Europe are well aware of the growth and danger of AI-driven identity and financial fraud, but are unprepared to combat it, Signicat , the European digital identity and fraud prevention solution provider, has revealed in a new report. ‘ The Battle against AI-driven Identity Fraud ‘ study by Signicat delves into how organisations across Europe are battling the growing threat of AI-driven identity fraud.

AI 126

AI Fraud Prevention Account Takeovers Deepfake 126

Fintech News

JUNE 2, 2024

Swift, the global financial messaging cooperative, has announced two AI-driven experiments in collaboration with member banks to combat cross-border payments fraud which could potentially save the industry billions in fraud-related costs. The first pilot aims to enhance Swift’s existing Payment Controls service, which detects fraud indicators, by using an AI model to create a more accurate picture of potential fraud activity.

Cross-Border Payments 116

Cross-Border Payments Cross-Border SWIFT AI 116

Finextra

JUNE 2, 2024

In the rapidly evolving landscape of financial technology, the convergence of innovative digital sol.

Cybersecurity 121

Cybersecurity Finance Innovation Technology 121

Fintech News

JUNE 2, 2024

Vietnam’s Southeast Asia Commercial Joint Stock Bank (SeABank) and Visa have entered into a strategic agreement to enhance digital payments. This partnership aims to improve SeABank ‘s payment solutions, data capacity, and expertise, advancing their payment services strategy. Visa and SeABank will focus on five key areas namely enhancing the customer experience on digital platforms, improving card products and services, optimising the card service ecosystem, boosting marketing and co

Digital Payments 111

Digital Payments Payments Card Services Risk Management 111

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

Finextra

JUNE 2, 2024

A legal case involving how Citi responded to customers who had money stolen via wire transfers has caused a spat between the CFPB and industry associations over the scope of the Electronic Fund Transfer Act (EFTA).

Electronic Fund Transfer Act (EFTA) 64

Electronic Fund Transfer Act (EFTA) CFPB Wire Transfer Disputes 64

Fintech News

JUNE 2, 2024

Moca Technology and Services Joint Stock Company (Moca) has announced that it will cease providing its e-wallet services on both the Moca and Grab applications in Vietnam, effective 1 July 2024. The Moca wallet, integrated within the Grab app, has been a popular payment method for Grab users in Vietnam. Despite this change, Moca will remain a strategic partner for Grab’s online payment activities, offering intermediary payment services across the Grab ecosystem in Vietnam.

Legal 103

Legal Non-Bank Bank Card Regulations 103

Fintech News

JUNE 2, 2024

Singapore’s state investor Temasek has infused an additional US$42.8 million into its decarbonisation-focused investment platform, GenZero. According to regulatory filings accessed by DealStreetAsia , this latest capital injection, made through Pieter Investments, raises the total capital committed to US$679.2 million. This constitutes 18.9% of Temasek’s initial US$3.6 billion commitment to GenZero, established in 2022.

Mitigation 93

Mitigation FinTech Posting 93

Finextra

JUNE 2, 2024

Rural, thrift and community banks are where large numbers of people and small businesses find access.

Community Banks 59

Community Banks Small Business 59

Fintech News

JUNE 2, 2024

Singapore-based B2B fintech firm Aspire has launched “Aspire AI,” a suite of AI-powered features aimed at enhancing real-time analytics and automating financial processes for businesses. The new features include significant upgrades to Aspire’s analytics dashboard, enabling businesses to make data-driven decisions in real-time. Key improvements such as self-coding expenses, automated month-end closing, and instant receipt matching are set to reduce the manual workload for finance teams.

AI 60

AI Fraud Detection Automation B2B 60

Fintech News

JUNE 2, 2024

DBS and POSB customers faced difficulties accessing the bank’s mobile apps on Saturday morning, with over 500 reports of issues recorded on outage tracking site Downdetector since 7 am. According to The Business Times, DBS’ digibank app users reported being unable to log in or being logged out shortly after gaining access. A notice on the app indicated potential difficulties for customers accessing their digibank mobile services.

Online and Mobile Banking 60

Online and Mobile Banking Non-Bank Credit Cards Risk 60

Advertisement

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?

Use Case

Fintech News

JUNE 2, 2024

The United Nations Development Programme (UNDP) and Singapore’s Infocomm Media Development Authority (IMDA) have launched a global initiative focused on digital inclusion at the ATxSummit , which attracted over 4,000 guests from 85 countries in tech and government sectors. This summit is part of Asia Tech x Singapore, a tech platform connecting over 25,000 global and industry decision-makers to promote a digitally inclusive future.

Consulting 60

Consulting Authorization Acquirers Addressing 60