How artificial intelligence can improve payments fraud prevention
Payments Dive
JULY 31, 2024
Generative AI could help spot fraudulent patterns in transaction data and reduce the cost of processing payments, says a McKinsey consultant.
Payments Dive
JULY 31, 2024
Generative AI could help spot fraudulent patterns in transaction data and reduce the cost of processing payments, says a McKinsey consultant.
Fintech News
JULY 31, 2024
Global payments company Nium has expanded its local funding and collection services to over 40 countries and 15 currencies, with more to come. This expansion enhances Nium’s ability to offer a wide range of local currencies through wire transfers and local payment systems, meeting the needs of various markets, including developing and emerging economies.
Payments Dive
JULY 31, 2024
Slowing card volume growth in the network giant’s earnings report this month revived questions about the longevity of its core business.
Fintech News
JULY 31, 2024
Digital banking software provider Backbase has launched its first global Center of Excellence (COE) for Artificial Intelligence (AI) in Ho Chi Minh City, Vietnam. The COE, led by Backbase’s Head of AI Chris Shayan, will focus on developing AI solutions to enhance customer engagement and business outcomes in the banking sector. Located near Saigon Center in District 1, the COE will host a team of engineers specialising in web, mobile, backend, AI, and machine learning, and large language mo
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
Finextra
JULY 31, 2024
SIX Swiss Exchange is to resume trading from 14.30 after technical problems forced the market operator to twice suspended trading in stocks, bonds, and exchange-traded funds.
The Fintech Times
JULY 31, 2024
Organisations are becoming increasingly aware of sustainable practices and want to show their support in the climate crisis. Looking to make renewable energy initiatives more accessible and to scale them faster, the Global Climate Finance Centre (GCFC), an independent entity focused on catalysing climate investments and solutions across the globe, and the International Renewable Energy Agency (IRENA), the intergovernmental agency for the renewables-based energy transition, have announced a new p
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
The Payments Association
JULY 31, 2024
At Fox Williams, we have deep knowledge of the FinTech sector and an impressive track record of helping FinTechs from innovative start-ups, scale-ups and growth-stage FinTechs, as well as larger FinTech businesses and financial institutions. Based on this expertise, we are delighted to introduce our FinTech Fundamentals video series, a selection of bite-sized videos on key issues that we know affect FinTech companies.
Fintech News
JULY 31, 2024
The banking industry is undergoing a rapid transformation, driven by technological advancements and changing customer expectations. While many banks have embarked on digital transformation journeys, a common misconception persists: that transformation is a one-time event with a clear endpoint. The reality is far more complex. The competitive landscape, marked by the rise of neobanks and fintech disruptors, necessitates continuous innovation and adaptation.
Payments Dive
JULY 31, 2024
Just Walk Out is rolling out an advanced AI model that the company says will make its system more accurate and efficient and less costly to implement.
Finextra
JULY 31, 2024
In a move to help stop bank impersonation scams, Westpac has teamed with telco Optus to introduce a new verified in-app calling capability.
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 Dive
JULY 31, 2024
When it comes to innovation, “if it's moving too quickly for customer protection to keep pace, it’s not happening,” said Sibongile Ngako, who recently joined the fintech as chief compliance officer.
Fintech Finance
JULY 31, 2024
Visa , a world leader in digital payments, is introducing resources to help merchants in Vietnam, unveiling a SMB Online Toolkit, for small and medium-sized businesses to accept and take full advantage of Visa’s digital payment solutions. This is part of Visa’s commitment to empower Vietnamese SMBs and boost the national economy, by accelerating their contactless payment acceptance.
Finextra
JULY 31, 2024
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins' liabilities and their backing assets.
Fintech Finance
JULY 31, 2024
PingPong , the leading global cross-border payments platform for enterprises, is pleased to announce that it has been granted a Payment System Service Provider (PJP) licence from Bank Indonesia, the central bank of the Republic of Indonesia. This latest licence will enable PingPong to facilitate cross-border and domestic payments for businesses in the region.
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.
The Fintech Times
JULY 31, 2024
Cryptocurrency scams have cost users well over $20billion in the last few years, with rug-pulling scams seriously impacting the credibility of the digital asset ecosystem. However, scams are unfortunately an inevitable part of any financial ecosystem – the key is limiting them and helping victims recover. This is what Xerberus , a cryptocurrency risk rating protocol is doing as it launches Siren, its crypto scam recovery tool.
Fintech Finance
JULY 31, 2024
STICPAY , a leading global e-wallet service provider and payment gateway, today announces the integration of Visa and Mastercard debit and credit card payment processing into its platform, affording it’s more than 5,000 merchant and corporate clients greater flexibility and convenience in handling payments. The new service enables merchants who don’t have the infrastructure to process Visa and Mastercard payments on their website to now do so, simply by integrating the STICPAY API.
Fintech News
JULY 31, 2024
Hawk, a provider of AI-driven fraud prevention and anti-money laundering (AML) technology, has secured additional Series B funding with Macquarie Capital. Macquarie Capital joines Hawks’ existing investor group, which includes Rabobank , BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition. This new funding aims to enhance Hawk’s international growth as demand for its AI-powered anti-financial crime technology continues to rise.
Bank Automation
JULY 31, 2024
HSBC continued to invest in digitalizing its retail and transaction banking businesses in the first half of 2024. “The steps we’ve taken to change our retail business model and our continued investment in people and digitization have made wealth a key driver of revenue growth,” Chief Executive Noel Quinn said during today’s H1 earnings call.
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The Fintech Times
JULY 31, 2024
Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change. Bringing a close to our monthly ‘fintech for good’ theme and our focus on impact platforms, we finally take a look at regulatory hurdles faced by t
Bank Automation
JULY 31, 2024
Paris-based BNP Paribas is working with telecom service provider Orange to provide its 21.8 million customers with personal financing solutions, according to a June 26 release. The “tailored financing” will provide customers with loans up to 3,000 euros ($3,200) to buy mobile phones, according to the release.
The Fintech Times
JULY 31, 2024
Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change. As we conclude our ‘fintech for good’ focus at The Fintech Times, we reflect on how organisations are making a difference.
Finextra
JULY 31, 2024
Early-stage FinTech VC fund, Cedar-IBSi Capital, has announced its first investment in Cogniquest, an AI-ML Intelligent Document Processing company that is seeking to focus on document automation for Financial Services institutions.
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NACHA
JULY 31, 2024
RESTON, Virginia, Aug. 1, 2024 – Four new categories of Nacha Preferred Partners were unveiled today, doubling the number of categories available for organizations to showcase their leadership in the ACH Network. Nacha Preferred Partners offer products and services that align with Nacha’s core strategies to advance the modern ACH Network.
Finextra
JULY 31, 2024
Police and banking authorities in Singapore are warning people to beware of a sophisticated impersonation scam that netted crooks $10.6 million in June alone.
The Fintech Times
JULY 31, 2024
ZestyAI , a climate and property risk analytics solutions provider, is expanding its existing partnership with Amica Mutual Insurance , enabling the insurance firm to leverage ZestyAI’s full property and climate risk analytics platform. As natural catastrophes, including wildfires and convective storms, become more frequent and severe, insurers are looking for new ways to accurately predict and proactively address the growing threat of climate risk.
Finextra
JULY 31, 2024
Nium, the global leader in real-time cross-border payments, today announced the expansion of its local funding and collection capabilities to more than 40 countries and 15 currencies, with more to come.
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PayXpert
JULY 31, 2024
Maintaining a high acceptance rate during transaction processing is crucial for merchants working with a subscription model. Not only does it optimise revenue generation, but it also fosters positive relationships with acquirers and payment schemes. Here’s a closer look at why a high acceptance rate matters and how to achieve it.
Finextra
JULY 31, 2024
The European Banking Authority (EBA) today launched a public consultation on its draft Implementing Technical Standards (ITS) for uniform reporting templates in relation to the level of charges for credit transfers and share of rejected transactions under SEPA Regulation.
The Fintech Times
JULY 31, 2024
SDK.finance , a white-label Lithuanian fintech platform for digital payments, has partnered with Salt Edge , the open banking solution provider, aiming to help fintechs of all sizes develop open banking-enabled financial services and applications. By leveraging Salt Edge’s Partner API, SDK.finance will enable customers without an Account Information Service Provider (AISP) licence to access bank account information easily, removing various regulatory complexities and hurdles.
Finextra
JULY 31, 2024
First Abu Dhabi Bank (FAB) and Fenergo announced their partnership in June of 2024 to speed up client onboarding and enhance anti-money laundering (AML) compliance processes for the bank with Client Lifecycle Management (CLM).
Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms
Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.
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