The Fintech Times

APRIL 15, 2024

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. Artificial Intelligence (AI) has dominated discussion across all fintech sub-sectors for at least the last couple of years and continues to do so.

Embedded Finance 134

Embedded Finance AI Finance Assessments 134

Finextra

APRIL 15, 2024

The UK's biggest banks are pushing ahead with the experimentation phase of a Regulated Liability Network, a financial market infrastructure for programmable money operating on a multi-bank shared ledger.

Regulations 131

Regulations 131

Payments Dive

APRIL 15, 2024

U.S. and European regulators have joined forces to monitor digital payment concerns, including those related to buy now, pay later financing and big tech market participation.

Regulations 113

Regulations Participant Payments Digital Payments 113

Bank Automation

APRIL 15, 2024

AI continues to take the financial services industry by storm, but as the mega-big banks implement internal AI councils, hire chief data officers and invest heavily in the tech, many institutions are still asking “Where do we start our AI journey?

AI 124

AI Continuity 124

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

APRIL 15, 2024

Project Nemo , a new disability inclusion initiative in the fintech industry, has launched with the aim of addressing the underrepresentation of disabled individuals in both the workforce and customer base. More than 20 per cent of the UK population lives with a disability, which translates to an estimated spending power of £274billion annually. Despite this significant demographic, there is also anecdotal evidence suggesting a lack of disability representation in UK fintech employment.

FinTech 111

FinTech Addressing Finance Innovation 111

Payments Dive

APRIL 15, 2024

Card programs can increase purchase authorization rates without taking on undue fraud-liability risk with 3-D Secure (3DS). Here’s what it is and how card issuers can leverage it.

Card Issuer 97

Card Issuer Issuers Authorization Risk 97

TechCrunch Fintech

APRIL 15, 2024

finmid is building an embedded finance product that targets that relationship between marketplaces and sellers, and raised a Series A round to further build out its product and enter new markets. © 2024 TechCrunch. All rights reserved. For personal use only.

Embedded Finance 105

Embedded Finance Finance Product FinTech 105

Finextra

APRIL 15, 2024

Landesbank Baden-Württemberg (LBBW), the largest federal bank in Germany, has formed an alliance with crypto custodian Bitpanda.

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Payments Dive

APRIL 15, 2024

Earned wage access provider FlexWage has received leeway from the Vermont Department of Financial Regulation to operate in the state without a lender or money transmitter license.

Regulations 88

Regulations 88

Fintech News

APRIL 15, 2024

In an era where technology and innovation are pivotal to competitive advantage, the financial services industry stands on the cusp of a transformative revolution, primarily driven by the advent and integration of generative AI technologies. For the uninitiated, this advanced form of artificial intelligence has been transformative in generating fresh content, ranging from textual and visual materials to complex data configurations, through analysing existing datasets.

AI 111

AI Metaverse Use Case Innovation 111

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Use Case

Finextra

APRIL 15, 2024

Building on open banking to enable wider data sharing across financial services products including savings, mortgages and insurance, could unlock an extra £30.5 billion GDP a year for the UK, says a paper from Innovate Finance and KPMG.

Finance 98

Finance Innovation Product 98

Fintech News

APRIL 15, 2024

OCBC has reported a major increase in its Eco-Care Car Loans , with numbers surging over sixfold in 2023 compared to their launch year in 2021. This rise coincides with a growing environmental consciousness among Singaporeans and a governmental push towards electric vehicles (EVs) as part of the Singapore Green Plan 2030. In response to the increasing availability of older used EVs, OCBC has expanded its financing options under the Eco-Care Car Loans scheme.

On-Demand 105

On-Demand Origination Authorization FinTech 105

Finextra

APRIL 15, 2024

Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, has won an extended mandate with National Bank of Kuwait (NBK), a top 10 ranking bank in GCC, to accomplish a full digital transformation by modernising existing channels and providing new digital capabilities in transaction banking.

Transactions 96

Transactions 96

Fintech News

APRIL 15, 2024

Moomoo Singapore, an investment platform and wholly owned subsidiary of Futu Holdings, has surpassed one million users, just three years after its launch and initial expansion into Southeast Asia. According to Moomoo , among the various offerings that have garnered attention is the Cash Plus money market fund. It was introduced to cater to the demand for products that combine liquidity with competitive returns and quickly become Moomoo Singapore’s fastest-growing product.

Financial Literacy 104

Financial Literacy On-Demand Treasury Settlement 104

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

Best Practices

Finextra

APRIL 15, 2024

UK digital bank Zopa has swung to its first full year profit as it prepares to start offering current accounts and eyes a future IPO.

Accounts 112

Accounts 112

Fintech News

APRIL 15, 2024

Nium, a real-time cross-border payments platform, has officially become a registered Financial Services Provider in New Zealand. This marks Nium’s first formal entry into New Zealand’s financial market, enhancing its global footprint which now spans over 40 countries. The company’s new status in New Zealand is part of a broader strategy that includes recent license approvals in several countries, including Japan and India.

Continuity 102

Continuity Cross-Border Payments Cross-Border Funds Transfer 102

The Fintech Times

APRIL 15, 2024

On April 16 and April 17, two new fintech shows are taking place at the Grand Hyatt Dubai. Bringing together experts from across the artificial intelligence (AI) space and web3 ecosystem, VAP group has announced the inaugural editions of the Global AI Show and the Global Blockchain Show. A wide range of themes will be discussed at both conferences.

Blockchain 75

Blockchain AI Metaverse NFTs 75

Fintech News

APRIL 15, 2024

Banking software provider Temenos announced the completion of an independent review on 15 April 2024, addressing allegations made by Hindenburg Research in February. The investigation was led by a special committee under Temenos’ Non-Executive Chairman Thibault de Tersant and supported by legal and forensic experts from Schellenberg Wittmer Ltd, Sullivan & Cromwell LLP, and Alvarez & Marsal Switzerland LLC.

Legal 101

Legal Audit Non-Bank Research 101

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.

Payments

Finovate

APRIL 15, 2024

Nine Finovate alums raised more than $113 million in Q1 of 2024. The relatively low fundraising results for the first three months of the year do reflect larger trends in fintech funding. But the fact that nearly half of the alums that raised funds in Q1 did not disclose the amounts raised tells us that the quarterly funding haul for Finovate alums was higher than the $113 million we have been able to confirm.

Payment Networks 64

Payment Networks Posting Research FinTech 64

Fintech News

APRIL 15, 2024

Global neobank Revolut announced today that its youth-focused financial app designed for individuals aged 6-17, has surpassed two million users worldwide. The <18 app , part of a suite aimed at empowering the next generation with financial literacy, now counts more than 3.5 million users, including guardians. The increase in users, especially notable in Singapore where the number of young users and their guardians has doubled in the past year, comes at a time when financial literacy is incre

Financial Literacy 101

Financial Literacy Finance Risk FinTech 101

Finovate

APRIL 15, 2024

Embedded finance innovator mmob announced a partnership with U.K.-based fintech Satago. The partnership will make it easier for lenders and corporations to integrate Satago’s cash flow and invoice financing solutions for SMEs. mmob won Best of Show in its Finovate debut at FinovateEurope 2022. Embedded finance specialist mmob has forged a partnership with U.K.

Embedded Finance 64

Embedded Finance Finance Innovation API 64

Fintech News

APRIL 15, 2024

SC Ventures, the innovation and ventures unit of Standard Chartered , has made a strategic investment in Algbra , a UK-based fintech that focuses on ethical and sharia-compliant finance. The financial details of the investment have not been disclosed. Shoal, which is SC Ventures ‘ sustainable finance platform, will also form a partnership with Algbra as part of the deal.

FinTech 101

FinTech Finance B2B Authorization 101

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.

Continuity

Finextra

APRIL 15, 2024

A group representing buy and sell-side firms and market infrastructure providers across Europe has called on the UK, Switzerland and the EU to coordinate plans to shorten the settlement cycle for securities trades.

Settlement 64

Settlement Security 64

The Fintech Times

APRIL 15, 2024

Innovate Finance Global Summit returned to the heart of London, at the historic Guildhall venue, to celebrate its 10th anniversary and bring financial experts and innovators together to drive progress forward in the space. Kicking proceedings off on day one of the conference, Madush Gupta , policy lead for innovation and technology at the City of London Corporation , discussed the evolution of fintech in recent years: “At its core, fintech is about connection and about people – and

FinTech 64

FinTech Digital Currency Addressing Finance 64

Bank Automation

APRIL 15, 2024

Goldman Sachs is deploying AI in-house and preparing for financing opportunities in AI development in the market.

AI 78

AI Finance Technology 78

The Fintech Times

APRIL 15, 2024

Lloyds Bank has successfully executed a digital trade transaction using electronic bills of lading (eBLs), simplifying cross-border trade and reducing paperwork for businesses. Bills of lading are pivotal in global trade, serving as receipts for shipped goods. Despite their importance, digital adoption has been slow due to the requirement for physical possession.

Transactions 64

Transactions Cross-Border Blockchain Authentication 64

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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.

AI

Finextra

APRIL 15, 2024

Responding to the ever-growing need to move money seamlessly, Mastercard and VoPay today announced a strategic partnership that will offer choice, simplicity and efficiency for near-real-time money movement in Canada and internationally for businesses and consumers.

Visa 59

Visa Near Real-Time Consumer 59

The Fintech Times

APRIL 15, 2024

Converge Africa 2024, taking place from 22 to 24 April, builds upon the foundation laid by ECOM Africa, and explores the diverse digital commerce sector. Taking place in Cape Town, South Africa, Converge Africa has broadened its scope to encompass a diverse array of digital commercial brands, including banking, fintech, insurance and businesses utilising digital services to serve their customers.

Risk Mitigation 59

Risk Mitigation Cybersecurity Best Practices AI 59

Finextra

APRIL 15, 2024

The money we use to support economic and financial activity, and the payment systems we use as we do so, are fundamental to the Bank of England’s role to maintain monetary and financial stability.

Payments 59

Payments 59

The Fintech Times

APRIL 15, 2024

UK fintech boards play a crucial role in driving long-term growth and innovation, but they face challenges in skills, experience, and gender diversity, according to a new EY and Innovate Finance report. The report reflects interviews and discussions with more than 40 CEOs and chairs of a broad range of UK fintechs, who agree that diverse boards, encompassing a range of skills, gender representation, and experience, are crucial for fostering long-term growth and innovation.

FinTech 59

FinTech Best Practices Innovation AI 59

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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.

Payments