Thu.Jul 11, 2024

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Rise FinTech Mentoring

Open Banking Excellence

29th August 2024 Virtual Event Linkedin Twitter Youtube Rise FinTech Mentoring A monthly mentoring series for FinTech startups and scaleups. We match make founders with industry experts from across the sector. A free monthly mentoring programme for FinTech startups and scaleups. Our programme is designed to connect FinTech founders with industry experts to support entrepreneurs on their start-up journey.

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Crypto theft doubles to $1.38B

Payments Dive

The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.

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Fintech North Newcastle Conference

Open Banking Excellence

17th July 2024 Live Event Linkedin Twitter Youtube Fintech North Newcastle We are back in the North East this July 17th for our fourth-annual Newcastle Conference, hosted in partnership with Mastercard, Invest North East England and Atom bank. Last year, we welcomed a record-breaking attendance of over 160 delegates from the North East’s FinTech ecosystem.

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Apple reaches deal with EC on NFC payments access

Finextra

Apple has staved off massive European Commission fines by agreeing to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers.

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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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Innovate Finance at the Global FinTech Festival Mumbai

Open Banking Excellence

28-30th August 2024 Live Event Linkedin Twitter Youtube The Global FinTech Festival Mumbai Innovate Finance will be at the Global FinTech Festival Mumbai in 2024. Let us know if you’d like to meet us there or attend our ecosystem fringe events by registering above or by emailing international@innovatefinance.com Date: 28 August 2024 – 30 August 2024 Location: Global FinTech Festival Mumbai I want to Attend!

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Rocket Mortgage uses AWS’ Bedrock to cut costs with new tool

Bank Automation

NEW YORK — Rocket Mortgage is working with Amazon Web Services to deploy generative AI-driven tools to make its customer relations team and internal operations more efficient.

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More Trending

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The Top 7 Advantages of POS Systems for Small Businesses

National Processing

We want you to know the top advantages of POS systems (point-of-sale systems) versus credit card machines, financial software, and traditional cash registers. So we will start there and then let you know some concerning findings that make POS systems more vital than ever to overwhelmed business owners. After that, we’ll dive deeper into the nuances […] The post The Top 7 Advantages of POS Systems for Small Businesses appeared first on National Processing.

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Jade City raises funds for real-world asset token

Finextra

Jade City, which is pioneering the tokenisation of Jade, has completed a pre-seed funding round of $300,000 and is now conducting a seed round with a target of $1.2m. Their real-world asset platform will launch later in 2024, offering the first global marketplace for jade-backed digital assets.

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Apple Pay for Business: Everything Merchants Need to Know

Stax

1.3 billion. That’s the estimated number of iPhone users as of 2024. With Apple capturing 62% of the smartphone market share in the United States, it’s clear as day that the iPhone is a leader when it comes to mobile technology It’s no wonder that Apple Pay continues to gain traction. Research from TechReport shows “507 million global Apple Pay users, of which the US accounts for 45.4 million.” Another interesting fact?

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Finastra Facilitates Connection of Swiss Banks in Readiness for New SIC Instant Payments Service

Fintech Finance

Finastra , a global provider of financial software applications and marketplaces, today announced the completion of a Swiss Interbank Clearing (SIC) instant payments readiness project. Using Finastra’s cloud-based Service Bureau offering, Swiss banks can seamlessly transition to facilitating instant interbank payments. It is expected that the 50 largest banks must be able to facilitate instant interbank payments in Switzerland and Liechtenstein by August this year.

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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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The Clearing House’s RTP network logs Q2 records

Payments Dive

The real-time payments system has been growing its roster of banks and credit unions, as it newly competes with the Federal Reserve’s FedNow payments system.

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OpenPayd Launches Pix Instant Payments

Fintech Finance

Today, the global provider of embedded finance infrastructure, OpenPayd , announces its clients can now send and receive payments via Pix, the Brazilian real-time payment network. The digital economy’s global nature necessitates robust international infrastructure for businesses with strong growth ambitions. As such, OpenPayd provides its clients with a global suite of embedded finance infrastructure through a single API.

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Jiangxi Bank of China goes under

The Paypers

Jiangxi Bank of China has gone under, as the banking sector is currently facing a full-scape crisis with financial institutions being absorbed into larger enterprises.

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Get to Know the Card Networks

Basis Theory

We introduce card networks, the main players in the space, and explain how a payment network works. Read the blog for details!

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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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Versapay plunges ahead with new C-suite team

Payments Dive

The business-to-business accounts receivable player is weighing its strategic options as CEO Cary O’Connor Kolaja lines up her new management team.

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Billtrust Teams Up With Visa to Extend Business Payments Network (BPN) Collaboration

Fintech Finance

Billtrust , a B2B order-to-cash and digital payments market leader, announced that it has extended its collaboration with Visa, a world leader in digital payments, to support its Business Payments Network (BPN). Visa will continue to offer BPN access to its financial institution clients to streamline the B2B digital payments process for their corporate customers.

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FIs adopting FedNow mainly as ‘receive-only’

Bank Automation

Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using it, most are doing so in receive-only mode. Eighty-six percent of banks and 73% of credit unions are signed up with FedNow as receive-only institutions, according to a report released this year by Cornerstone Advisors.

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Inswitch Becomes the Official Provider for n1co, a Fintech Transforming Digital Payments in Latin America With Visa Cards

Fintech Finance

Inswitch , a global leader in embedded finance technology, and n1co Technologies , a Salvadoran fintech company with a mission to integrate more people into the financial future, announced a new partnership. Inswitch provides n1co with the service of issuing and processing their new VISA debit cards. Thanks to this agreement, n1co users can now make their payments online or at physical points quickly and securely, not only in El Salvador but internationally as well.

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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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Bain, Reverence near $3.5 Billion deal for Envestnet

Bank Automation

Bain Capital and Reverence Capital Partners have agreed a deal to take Envestnet Inc., a provider of wealth-management software, private.blo The buyout firms will pay $63.15 a share for Berwyn, Pennsylvania-based Envestnet, according to a statement on Thursday that confirmed an earlier Bloomberg News report. The offer values Envestnet at $3.

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UK Economic Secretary Tulip Siddiq called on to reduce APP fraud reimbursement to £30k

Finextra

This news comes a week after the UK payments group issued a plea to Chancellor Rachel Reeves to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

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Citi fined $136M for failing to fix regulatory issues

Bank Automation

Citigroup Inc. will pay almost $136 million in fines to US bank regulators over issues related to data-quality management and risk controls. The Federal Reserve said Wednesday that its penalty was for Citi violating an enforcement action from 2020.

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Nuvei Introduces Off-Ramping of Digital Assets to Cards via Mastercard Move in Europe

Fintech Finance

Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today a partnership with Mastercard to launch a new off-ramping solution that enables consumers in Europe to seamlessly convert their Digital Assets, including cryptocurrencies, into traditional fiat currency via debit, credit and prepaid cards.

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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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Bain and Reverence to buy Envestnet for $4.5bn

Finextra

Private equity firms Bain Capital and Reverence Capital have agreed to buy Envestnet in a deal that values the provider of wealth management technology and data at $4.5 billion.

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Far Majority of Consumers Satisfied with BNPL and Three in Four Expect Such Loans Will Impact Their Credit Scores Positively

Fintech Finance

Millions of U.S. consumers have used Buy Now, Pay Later (BNPL) loans with 89% stating they are satisfied or very satisfied with the credit product. A new survey from TransUnion (NYSE: TRU) also revealed that 85% of BNPL users would recommend such loans to others. The research, conducted among 1,200 U.S. consumers in the second quarter of 2024, explored the general usage and behavior of consumers around BNPL loans.

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Finastra completes Swiss Interbank Clearing instant payments readiness project

Finextra

Finastra, a global provider of financial software applications and marketplaces, today announced the completion of a Swiss Interbank Clearing (SIC) instant payments readiness project. Using Finastra’s cloud-based Service Bureau offering, Swiss banks can seamlessly transition to facilitating instant interbank payments.

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FIs adopting RTP mainly as ‘receive-only’

Bank Automation

Adoption of the Federal Reserve’s instant payments platform, FedNow, is growing, however, of the more than 800 financial institutions using it, most are doing so in receive-only mode.

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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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Citi fined $136m for lack of progress on fixing risk management flaws

Finextra

Citi has been fined $135.6 million by US regulators for failing to make enough progress on fixing risk management and data governance deficiencies four years on from a cease and desist order.

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Network International Leverages Mastercard Expertise to Digitise Business Expenses in UAE

The Fintech Times

Network International , the leading enabler of digital commerce across the Middle East and Africa (MEA) region, is partnering with payments giant Mastercard to launch new business payment solutions for companies based in the UAE. Network International plans to tap into global digital payment expertise offered by Mastercard, gaining insight into card offerings, expense management and virtual card innovations.

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Considering Cloud? Here are the options for banks

Finextra

Join FinextraTV at the Temenos Community Forum 2024 as Tony Coleman, Chief Technology & Innovation Officer, Temenos and Keith Lynch, Head of Enterprise Business, EMEA, Red Hat dive deep into why choice remains a fundamental tenet for the banking industry and how cloud migration is no exception. A bank in 2024 has many options, whether it is moving to public cloud, where technology stacks are supported by hefty players such as AWS or Azure, for example, or working with SaaS providers.

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Banking Complaints Surge as Which? and Payments Association Lock Horns Over Fraud Rules

The Fintech Times

Tensions between the consumer group Which? and the trade body The Payments Association remain high, with the pair at odds over their approach to tackling payment fraud as new figures show soaring scam cases. Starting in October 2024, the Payment Systems Regulator (PSR) will implement new rules for authorised push payment (APP) scams – where fraudsters trick people into sending money online to fake payees – setting a £415,000 maximum reimbursement level to cover the money lost.

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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.