Wed.Mar 20, 2024

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Meta’s payment plays may pay off this year: report

Payments Dive

A partnership between tech giants Meta and Amazon “could represent the tipping point of transforming social media into a transaction platform,” Mizuho Securities analysts said in a report this week.

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UK set for soaring digital wallet adoption

Finextra

The UK is approaching a seismic shift in how people pay, with digital wallets set to comprise half of all e-commerce spend and nearly a third of POS transaction value by 2027, according to a report from Worldpay.

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Fed banks analyze consumer use of card promos

Payments Dive

New research from the Philadelphia and Boston Feds finds that consumers are cycling through low APR credit card offers.

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Now is the time to reimagine wealth management

Bank Automation

The Music is Starting to Stop Recent years have been extremely lucrative for wealth advisors; both the independents and full-freight firms. Low cost of capital, booming public markets, and a growing desire to diversify into new products are all ways wealth management firms can grow AUM and, as a result, grid payouts.

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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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Railsr proposes merger with Equals Group

Finextra

Embedded Finance, Railsr's parent company, has approached Equals Group for a merger of the two companies, Sky News reports.

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Can the Future Really be Cashless, as Greggs & Sainsbury’s Unable to Take Card Payments

The Fintech Times

Cash could be making a comeback. No really. After years of pushing to a fully digital payments landscape that will in theory see a cashless economy in the (reasonably) near future, it could all come tumbling down after a series of technical issues that has seen major retailers unable to process card or contactless payments and once again relying on notes and coins.

More Trending

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Fifth Third CIO: Chatbot 97% accurate in classifying customer intent

Bank Automation

NASHVILLE, Tenn. — Fifth Third Bank says that added efficiencies to its chatbot have boosted its accuracy rate as it leans into generative AI.

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Financial sector braces for 2024 with guide to new regulations and enforcement trends

The Payments Association

In its recent annual briefing on financial services regulation and enforcement for 2024, Baker McKenzie details the anticipated developments and enforcement trends within the sector.

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How Merchants Can Leverage Social Commerce

Basis Theory

In our thoroughly networked world, many are constantly glued to their mobile devices, devouring the musings, postings, and comments that are the lifeblood of social networks. This shift of attention from stores to social media represents both a threat and an opportunity to merchants who must adjust rapidly, but can take advantage of the exploding world of social commerce.

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Accelerated Digital Transformation and Business Benefit in 2024: Interview with Peter Lemon

Fintech Review

In an interview with Fintech Review , FICO ‘s Peter Lemon discusses the rapid digital transformation in finance for 2024. We delve into the anticipated progression of digital transformation in banking this year, as IT teams transition to becoming innovators and revenue generators. There is a shift towards enterprise-wide technology to improve agility and customer service.

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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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Bank of America’s CashPro Chat reaches 60% adoption

Bank Automation

NASHVILLE, Tenn. — CashPro, Bank of America’s business banking platform, is seeing increased adoption as features and services are added.

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Genesis to pay $21m SEC fine

Finextra

Genesis has agreed to pay a $21 million civil penalty to the Securities and Exchange Commission (SEC) for the unregistered offer and sale of securities.

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Digital Footprinting: Adapting Fraud Prevention for the Digital Age

Seon

The digital frontier is poised for exponential growth as advanced technologies reshape our world with innovation, convenience and efficiency. However, this expansion brings a corresponding need to evolve fraud prevention strategies to keep pace with advancing threats. Traditional anti-fraud methods, like one-time passwords (OTP), static passwords, two-factor authentication (2FA), physical biometrics and security questions, practices that once formed the cornerstone of fraud prevention efforts, n

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Coupa opens local data centre in the UAE

Finextra

Coupa, the leading AI-driven platform that helps you operate smarter and grow faster, today announced the launch of its first data center in the Middle East, inaugurated in collaboration with the Amazon Web Services (AWS) team in Dubai. The grand opening, marked by a ribbon-cutting ceremony, happened on Wednesday, February 28, 2024.

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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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Remittance Firm Lemfi Eyes Global Expansion With Visa Cross-Border Solutions Deal

Fintech Finance

Visa Cross-Border Solutions , a Visa (NYSE: V) division specialising in cross-border money movement, and LemFi , a leading international payments company, have signed a deal that significantly expands their existing partnership globally. The deal will enable LemFi to extend its reach into new markets around the globe including China, India & Pakistan, with Visa Cross-Border Solutions becoming its primary partner in facilitating cross-border transactions.

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Atome Ties up With Chubb to Roll out BNPL Insurance for Its SE Asian Users

Fintech News

Buy Now, Pay Later (BNPL) firm Atome has teamed up with Chubb to co-create insurance products for its customer base across Singapore, Malaysia, the Philippines, and Indonesia. The initiative kicks off with the launch of “Bill Secure,” an insurance offering currently available in Singapore and set to expand to Malaysia later in the month.

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Greggs storefronts reopen after payment processing issues

Finextra

UK bakery chain Greggs was forced to temporarily close several stores due to payment processing issues, following similar issues faced by other UK retailers over the weekend.

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Thailand’s Digital Banking License Race Heats Up with Bids from Top Conglomerates

Fintech News

Thailand’s digital banking license has attracted some of the Thailand’s largest conglomerates, including Charoen Pokphand Group (CP Group) and Gulf Energy Development Pcl. This development comes as the Bank of Thailand embarks on a new chapter to inject competition and innovation into the national banking sector, Bloomberg reports. CP Group, through its fintech arm True Money and in collaboration with partners such as Ant Group, is gearing up to place its bid for Thailand’s dig

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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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Robinhood Lands in UK to Offer Investors Fee Free, 24 Hour Investing Platform

The Fintech Times

Robinhood , the stock trading and investment firm, has officially launched in the UK following five months of in-depth scouting of UK consumer demands. All UK consumers that were on its waitlist are now eligible to use the service. UK users will be able to access Robinhood following the launch in the UK, meaning they will have access to more than 6,000 global companies listed on US markets and more.

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Redefining Resilience for Banks in the Digital Era With the Four Zeros

Fintech News

The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations in a dynamic digital landscape. This transformation is not without its challenges, as banks grapple with the critical task of bridging the gap between traditional banking services and the demands of a digital-first customer base.

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EU sets deadline for Instant Payments Regulation

The Paypers

The European Council has adopted the Instant Payments Regulation, which is scheduled to come into effect in a matter of weeks.

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GoTo and TikTok Set to Launch BNPL Offering

Fintech News

Indonesian technology conglomerate GoTo Group is preparing to launch a “buy now, pay later” (BNPL) service in partnership with TikTok, according to Tech in Asia. This development follows GoTo Financial, the group’s financial technology division, appointing David Chen as the Head of Consumer Lending and BNPL operations. Chen brings experience from co-founding and leading the BNPL platform Atome, and he retains his roles as Co-founder of the Advance Intelligence Group and Chairma

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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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Digital payment trends to watch in 2024

Cardknox

Table of Contents Digital payment trend 1: Contactless payments expansion Digital payment trend 2: Point-of-care options in the dental and medical industries Digital payment trend 3: Banking as a Service […] The post Digital payment trends to watch in 2024 appeared first on Cardknox.

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GROW with Singlife and AllianzGI Launch SGD-Fund Offering Monthly Dividends

Fintech News

GROW with Singlife, an investment platform under the homegrown financial services company Singlife, has formed a strategic partnership with asset manager Allianz Global Investors Singapore Limited (AllianzGI). This alliance aims to provide investors and advisors with robust wealth management solutions. The inaugural product of this collaboration is the Allianz Global Income fund, available exclusively through GROW’s network.

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PAY360 2024: Day 1 Highlights

The Fintech Times

It felt as if everyone and anyone in the world of fintech was at PAY360 2024 this year, as the event hosted over 4,000 attendees. Held at the ExCeL Centre in London, PAY360 opened the doors for countless opportunities for networking and discussion about the latest and brightest ideas in payments. With so many great discussions taking place at PAY360 , it would have been challenging to hear the insights from the panellists over the noise of the crowd – but The Payment Association thought ah

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Sumsub Combats Fraud Networks in APAC With Upgraded Solution

Fintech News

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks. Fraud networks, engaging in activities like multi-accounting, money laundering, and personal data breaches, target digital platforms such as cryptocurrency exchanges, fintech applications, dating services, and onlin

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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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Tales from the Crypto: Base Backup, Blockchain Payments Secure Funding, Crypto-Friendly Alums

Finovate

This week in Tales from the Crypto we look at the boom-induced traffic jam in crypto coin trading, new funding for a blockchain payment network in the developing world, and a pair of new crypto-friendly alums that demoed at FinovateEurope last month. Base Backup as Bitcoin Booms The renewed boom in bitcoin is not without its discontents. A spike in network activity on Coinbase’s layer-2 blockchain Base has resulted in service disruptions ranging from transaction fee increases leading to &#

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Visa Report Shows Top Scams Impacting Consumers and Businesses Globally

Fintech Finance

Today, Visa released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top payment threats impacting consumers and businesses around the world. The report points to increasingly organized, sophisticated threat actors targeting the most vulnerable point in the payments’ ecosystem: humans. “With the use of Generative AI and other emerging technologies, scams are more convincing than ever, leading to unprecedented losses for consumers,” said Paul Fabara, Chief Risk and Clie

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BioCatch and Google Cloud Bring Fraud Prevention Solutions to Expanding Markets

Finovate

Digital fraud detection innovator BioCatch has forged a partnership with Google Cloud. The two companies will leverage their new relationship to bring fraud prevention solutions to expanding markets, starting in Southeast Asia. Israel-based BioCatch made its Finovate debut at FinovateFall in 2014. A new partnership between financial crime prevention specialist BioCatch and Google Cloud will help extend fraud prevention solutions into emerging markets, starting with markets in Southeast Asia.

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Checkout success: Seamless payment strategies for merchants

Finextra

Speaking at MPE 2024, Simas Simanauskas, Chief Business Officer at ConnectPay, discusses the challenges faced by merchants during the checkout process, and explores evolving consumer expectations, strategies for achieving seamless payments, cost optimisation, and alternative payment methods.

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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.