Thu.Mar 21, 2024

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Digital wallets play key role in US lawsuit against Apple

Finextra

The US has filed a lawsuit against Apple, accusing the firm of monopolising the smartphone market through a host of actions, including the blocking of third-party apps from offering contactless payments.

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KeyBank 2-3 years from gen AI features for customers

Bank Automation

Both KeyBank and PNC Bank are exercising caution in how they roll out generative AI to their customers. The models need to be refined for accuracy before consumers can be the “prompters,” or questioners, for gen AI-driven features, Dominic Cugini, chief transformation officer at $185 billion KeyBank, said at Bank Automation Summit U.S.

AI 124
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BlackRock claims tokenisation first

Finextra

BlackRock, the world's largest asset manager, has taken its first step into the world of tokenisation.

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Ethiopian Remittances Market Bolstered Under New M-PESA Safaricom and Onafriq Partnership

The Fintech Times

Looking to make financial services more accessible, M-PESA Safaricom has signed an International Money Transfer Agreement with Onafriq , the African digital payments network, to enable Ethiopian users to receive remittances from different parts of the world through M-PESA. Individuals do not need a bank account, something which has historically been challenging for some to acquire in Ethiopia, to send remittances.

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The Evolving Retailer's Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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UK fintech to be elevated to 'ubiquitech' with Smart Data Roadmap, new report reveals

Finextra

Chair of the Ubiquitech Group Dr. Ruth Wandhöfer has released a report offering practical recommendations for bolstering a digital economy that builds trust, provides access to sustainable infrastructure and secure data highways, and accelerates digital inclusion and education.

Economy 122

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'Pig-butchering' tops payment scam threats

Finextra

Pig-butchering, an investment scam involving fake crypto companies, has emerged as one of the top payment threats facing consumers.

Scams 122
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Visa: AI Fuels Surge in Emotion-Based Scams like Pig Butchering and Inheritance Fraud

Fintech News

Visa’s latest Biannual Threats Report for Spring 2024 underscores the concerning rise of “pig butchering” scams, showcasing the sophisticated threats plaguing both individuals and businesses in the global payments ecosystem. These scams cleverly exploit emotional vulnerabilities by luring victims into online relationships and convincing them to invest in fake crypto trading platforms.

Scams 94
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BofA rolls five apps into one

Finextra

Bank of America has given its mobile service a major overhaul, unifying apps for banking, investing and retirement into one personalised digital experience.

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DOJ sues Apple over antitrust violations

Payments Dive

The tech giant called the suit a threat to its identity and principles, vowing to "vigorously defend against it.

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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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Thunes and Visa expand collaboration

Finextra

Thunes, a cross-border payments company, today announced its deepened strategic collaboration with Visa, a world leader in digital payments, aimed at enabling new endpoints in key markets across Asia and Africa.

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The Benefits of SaaS and Implementing SaaS Payments

Stax

Research shows that the global software-as-a-service (SaaS) industry was valued at $248.76 billion in 2023 and is projected to cross $250 billion this year. What’s more, this value is expected to reach $325 billion by the year 2028. As such, the advantages of SaaS offerings can’t be easily overlooked. SaaS business applications are web-based, which means that they are hosted on cloud infrastructure.

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BuildMyCreditScore users see credit scores surge in months

Finextra

UK open banking-powered startup BuildMyCreditScore says users have seen an average 52 increase in their credit scores in the first three months.

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SEON Expands to Japan with Densan System Partnership

Fintech News

Densan System, a Japanese information and technology services company, has integrated SEON’s cybersecurity solution to bolster security and streamline user experience on its recently launched ‘PayLabo’ digital payment platform. PayLabo consolidates diverse payment methods across the APAC region into a single, convenient solution. SEON’s multi-layered fraud prevention solution employs machine learning and artificial intelligence to safeguard PayLabo users with transaction

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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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Fintechs should target women customers in emerging markets - report

Finextra

Fintech firms could do more to intentionally target women customers in emerging markets, boosting both their own prospects and financial inclusion, says a report from the World Bank's International Finance Corporation (IFC).

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ABA, U.S. Postal Services jointly combat check fraud

Payments Dive

American Bankers Association and the U.S. Postal Inspection Service are working together to educate postal and banking employees as well as consumers on the rising form of fraud.

Checks 78
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Northern Trust bolsters enterprise client team

Finextra

Northern Trust (NASDAQ: NTRS) today announced it has appointed Gary Paulin to the newly created role of Head of International Enterprise Client Solutions.

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PayPal’s new CEO takes the Venmo challenge

Payments Dive

PayPal has been striving for more than a decade to better connect Venmo to merchants and make it pay off. Now, a new CEO has inherited the challenge.

Venmo 78
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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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Multifactor authentication critical for banks, IBM says

Bank Automation

Financial institutions must prioritize multifactor authentication as hackers take advantage of a lack of identity protection. In 2023, cyberattacks using valid credentials to gain access to user accounts increased 71% from 2022, according to IBM’s 2024 X-Force Threat Intelligence Index.

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dLocal and Ebury Expand Partnership to Offer Efficient Payment Solutions in Africa’s Largest Markets

Fintech Finance

dLocal , the leading cross-border payment platform specialising in high-growth markets, is proud to announce its strategic partnership with Ebury , a leading global fintech company. The collaboration aims to transform payment solutions, rapidly unlocking opportunities across Africa’s largest markets. By leveraging dLocal’s payment solutions, Ebury can seamlessly manage both pay-ins and payouts while optimising costs and delivery times and providing world-class support to their merchants wh

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Avalanche powers Alipay+ D-store's Web3 voucher programme

The Paypers

Singapore-based smart contracts platform Avalanche has enabled Alipay+ D-store and its partnered e-wallets to introduce a Web3-enabled voucher programme.

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VCs double down on fintech Coast, which aims to be the Brex for ‘real-world’ industries

TechCrunch Fintech

The expense management arena is a crowded one, with well-funded players such as Brex, Ramp and Navan all clamoring for market share. Those companies are generally focused on tech startups and large corporations. But a four-year-old contender, Coast, is pursuing a different type of customer — businesses with so-called “real-world” field personnel and fleets to […] © 2024 TechCrunch.

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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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Achievements in World of Crypto Celebrated by Bitget With New Trading Campaign

The Fintech Times

Bitget , the cryptocurrency exchange and Web3 company, has launched a zero-fee trading campaign for BTC/USDT and ETH/USDT spot trading pairs. The campaign will last two months, in which, both makers and takers for BTC/USDT and ETH/USDT spot trading pairs will enjoy zero fees. Additionally, this Bitget zero-fee trading extends to various trading activities, including spot trading, trading bots, and spot copy trading.

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Unbundling Your Payments Stack To Improve Efficiency and ROI

Basis Theory

For centuries, payments have been “bundled”. Large multinational institutions have led the way in banking, money, payments, investments, and more, becoming large financial conglomerates offering all-in-one financial services.

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Galileo Expands BNPL Offering to Help Banks and Fintechs ‘Deepen Customer Relationships’

The Fintech Times

Galileo Financial Technologies , a fintech firm owned by SoFi Technologies , is expanding its Buy Now, Pay Later (BNPL) offering that enables banks and fintechs to offer cardholders new post-purchase instalment payment options via their existing debit or credit card account. In addition to its Galileo BNPL pre-purchase offering, the new API-enabled BNPL post-purchase offering is built for banks and fintechs looking to seamlessly deliver their customers a more flexible financing opportunity.

BNPL 69
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How AI and Automation are Changing the Banking Landscape

Bank Automation

The banking sector is a significant component of the global economy, and it is currently undergoing a major transformation powered by the integration of Artificial Intelligence (AI) and automation technologies. These advancements are not only enhancing operational efficiency but are also fundamentally changing the landscape of financial services.

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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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5 Signs Your Veterinary Practice Needs Integrated Payments

PayJunction

How Integrated Payments Help Your Vet Clinic Reach Its Full Pawtential Recent advances in medicine, diagnostic technology, treatments and therapies have helped veterinary practitioners stay on top of their number one goal: managing the health and well-being of their patients. However, when managing administrative tasks to run the business, staff often rely on outdated technology and paper-based processes.

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Digital Wallets Are Popular in the UK While Demand for A2A Payments to Be Desired Finds WorldPay

The Fintech Times

Worldpay , the global paytech, has published the findings from its Global Payments Report 2024, revealing that digital wallets are expected to comprise half of all e-commerce spending in the UK, worth £203.5billion, by 2027. The report , analysing payment landscapes across 40 countries, also found that usage of digital wallets will likely more than double at UK point-of-sale (POS).

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On International Water Day, How can Fintech Stem the Flow of Climate Change?

Finextra

Every year, March 22nd marks a somewhat solemn reflection on the state of the world’s water security.

FinTech 59