Tue.Feb 20, 2024

article thumbnail

Capital One to acquire Discover in $35.3B deal

Payments Dive

The transaction would give a big boost to a bank well-known for its credit card component, yet lend regulatory gravitas and investment dollars to a struggling card network.

Acquirers 154
article thumbnail

Gen Z’s impact on credit is bigger than you may think

Tearsheet

Simon Khalaf is CEO of Marqeta. Gen Z has completely changed the narrative for many aspects of our society, including how they approach work and communication – as I know well, thanks to my own teenage daughter teaching me an entirely new vocabulary. Gen Z has also made a profound impact on the financial landscape so far. Contrary to common stereotypes, Gen Z exhibits a high level of fiscal responsibility and aversion to accumulating debt.

BNPL 121
article thumbnail

And the winner is.open banking payments

Finextra

Ecospend is looking to drive account-to-account payments into the mainstream via an open banking-only competition on national television network ITV.

Payments 122
article thumbnail

PayFac vs. ISO: Which Should a Merchant Choose?

Basis Theory

In the world of payments, selecting partners to help transact business is one of the most complex, but critical, processes any business can complete. Choosing the right partners can increase the success rate of payment processing, reduce the cost of getting payments moved around the world, and deliver customer experiences that build a loyal following; the opposite, of course, is also true.

ISOs 88
article thumbnail

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

article thumbnail

Top Funded Fintech Startups in Indonesia in Early 2024

Fintech News

Who are the top funded fintech startups in Indonesia as of early 2024? With a rapidly growing economy and a tech-savvy population, Indonesia has become a hotbed for fintech innovation and startups, peering into the most well-funded fintech startups in ASEAN’s largest country can provide hints on what verticals investors are most bullish on in this region.

FinTech 116
article thumbnail

CRIF Unveils its ESG Analytics Solution to Help FIs Access Sustainability Data

Finovate

European consumer and business credit data provider CRIF launched its ESG Analytics solution this week. The technology will give banks and financial institutions in the U.K. the ability to quickly and accurately assess the environmental, social, and governance (ESG) profiles of their U.K. and Europe-based suppliers, partners, and customers. ESG Analytics draws on more than 130 key indicators from data sources in the U.K. and Europe.

More Trending

article thumbnail

OpenWay Earns Top 5 Spot in Juniper Research’s Digital Wallet Solutions Ranking

Fintech News

Global payments software provider OpenWay , renowned for its Way4 platform , has been recognised by Juniper Research as a top-five market leader in digital wallet solutions. This underscores OpenWay’s role in enabling financial institutions, including banks, processors, and fintechs, to establish extensive payment ecosystems that comply with PCI standards, offering both card and wallet services with a wide array of functionalities.

article thumbnail

Cross-border payments remain focus for Fed

Payments Dive

Tools that “automate processes, reduce costs and promote effective safeguards across jurisdictions” may help improve cross-border payments, a Federal Reserve official said last week.

article thumbnail

OCBC to Offer S$9M Financial Aid to Junior Staff Worldwide Amid Rising Living Costs

Fintech News

OCBC Bank plans to distribute a one-time financial aid package totaling nearly S$9 million to its junior employees worldwide, aimed at alleviating the impact of escalating living costs. The disbursements are scheduled between February and March 2024. This initiative is expected to benefit approximately 14,000 employees across the bank’s various subsidiaries, including the Bank of Singapore, OCBC Securities, and Great Eastern Holdings, which constitutes over 40% of its global workforce spre

article thumbnail

Capital One to acquire Discover for $35 billion

Finextra

Capital One has made a $35 billion bid to acquire Discover Financial Services, in a move that radically reshapes the payment card industry.

Acquirers 111
article thumbnail

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?

article thumbnail

Eric Cheung to Lead Zühlke’s Growth Strategy in APAC as New CEO

Fintech News

Zühlke Group, a Swiss-based IT service management company, has announced the appointment of Eric Cheung as its new CEO for the Asia Pacific (APAC) region. Cheung is also a member of the Group Executive Committee now. In his new role, Cheung will oversee the company’s operations across APAC in collaboration with the APAC executive board. Prior to this new appointment, Cheung joined Zühlke in July 2023 as Managing Director Markets.

APACS 105
article thumbnail

Most Common Accounts Receivable Challenges & How to Solve Them

Paystand

In today's fast-paced digital marketplace, accounts receivable (AR) teams face numerous challenges that impact a company's cash flow and growth. Even with an optimal rhythm, some remain significant. Common accounts receivable challenges include high DSO, ledger disorganization, poor communication, and inadequate policies. Streamlining processes, offering multiple payment options, going paperless, updating customer information, and automating AR can overcome these.

article thumbnail

NETS Bolsters Board with Cybersecurity Expert John Yong

Fintech News

The Network for Electronic Transfers (NETS) has announced the addition of John Yong as a non-executive independent director to its board, effective from 19 February. John Yong Yong brings over 40 years of experience in the field of information and communication security, with a career that spans both the public and private sectors. This appointment marks him as the third non-executive independent director on the NETS board, a move that is expected to bolster the board’s expertise and suppo

article thumbnail

Confirmation of Payee – Countdown to October 2024, 29th February, 3 PM GMT

The Payments Association

After the peak of APP Fraud losses in 2021, CoP contributed to a 17% reduction in 2022, despite over 100,000 cases amounting to £482 million.

Payee 88
article thumbnail

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

article thumbnail

David Chen Steps Down as Atome CEO, Joins GoTo as Head of Consumer Lending

Fintech News

David Chen, previously CEO of the Buy Now, Pay Later (BNPL) firm Atome , has stepped down to join Indonesia’s GoTo Financial as Head of Consumer Lending. According to Atome, Chen had significantly contributed to the firm’s growth into a leading digital financial services and embedded financing platform in Southeast Asia with more than a decade of experience in the technology and financial industries.

Consumer 106
article thumbnail

Capital One, Discover integration could cost $2.8B

Bank Automation

Capital One announced its plans to acquire Riverwoods, Ill.-based Discover Financial Services and expects to spend $2.8 billion on integration costs, including tech conversion. “Capital One certainly has some good experience in the space.

article thumbnail

5 Key Fintech Takeaways From the Singapore Budget 2024

Fintech News

Singapore has emerged as a frontrunner in the global fintech landscape in recent years, with a robust ecosystem fostering innovation and growth. According to Statista, the transaction value of the fintech sector in Singapore is projected to soar to US$ 29.4 billion (SG$ 39.58 billion) in 2028, showcasing the sector’s rapid expansion. Singapore accounted for 59 percent of total fintech funding in the region last year, underscoring its pivotal role in driving advancements in Asia.

FinTech 104
article thumbnail

Partner Spotlight: Veriff

Fraud.net

Learn about Veriff's cutting edge solution, accessible through the Fraud.net AppStore in our new Partner Spotlight series.

article thumbnail

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.

article thumbnail

Igor Beckerman Joins Jumio as Chief Financial Officer

Fintech News

Jumio, a provider of identity verification and fraud prevention solutions, has announced the appointment of Igor Beckerman as its new Chief Financial Officer (CFO). Beckerman has a robust background spanning three decades in finance leadership. His experience includes roles as the inaugural CFO of Gainsight, a customer success platform, and a tenure at Marketo, contributing through its IPO and subsequent acquisition by Vista Equity Partners in 2016.

article thumbnail

Truist nears sale of insurance arm to Stone Point, CD&R

Bank Automation

Truist Financial Corp. is nearing a deal to sell a majority stake in its insurance brokerage business to Stone Point Capital and Clayton Dubilier & Rice, people familiar with the matter said.

80
article thumbnail

Project Savannah, a Blueprint to Simplify ESG Integration for Small Businesses

Fintech News

In an era where sustainability is not just a preference but a necessity, the dialogue around environmental, social, and governance (ESG) practices has taken centre stage for major corporations. But amidst this evolving discourse, micro, small, and medium-sized enterprises (MSMEs) have been frequently marginalised players, despite pivotal roles in global supply chains, leading to the development of Project Savannah.

article thumbnail

Amex to expand ATM cash access

Payments Dive

The card issuer has partnered with ATM operator NCR Atleos to provide cash access for its checking account clients at 40,000 more machines.

ATM 78
article thumbnail

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.

article thumbnail

Barclays drives savings through investments in tech

Bank Automation

Barclays is saving money and improving its customer experience through technology investments. Total operating expenses for its investing banking arm were 7.7 billion pounds ($9.4 billion) in 2023, down 6% from 2022, reflecting that investment in talent and technology were driving down costs, according to the bank’s fourth-quarter earnings presentation.

article thumbnail

And the winner is.Pay by Bank

Finextra

Ecospend is to looking to drive account-to-account payments into the mainstream via an open banking-only competition on national television network ITV.

article thumbnail

Most Common Accounts Receivable Challenges How to Solve Them

Paystand

In today's fast-paced digital marketplace, accounts receivable (AR) teams face numerous challenges that impact a company's cash flow and growth. Even with an optimal rhythm, some remain significant. Common accounts receivable challenges include high DSO, ledger disorganization, poor communication, and inadequate policies. Streamlining processes, offering multiple payment options, going paperless, updating customer information, and automating AR can overcome these.

article thumbnail

Garanti BBVA issues biometric card

Finextra

Turkey's Garanti BBVA has rolled out a Mastercard contactless credit card with a built-in fingerprint scanner.

article thumbnail

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.

article thumbnail

Personetics Co-founder David Sosna Steps Down as CEO, Udi Ziv Named Successor

Fintech News

Personetics, a global provider of data-driven personalisation solutions, announced that it has named Udi Ziv as its new Chief Executive Officer. Ziv, who brings a wealth of experience from previous leadership roles, including at SAP, NICE, and Earnix, will replace David Sosna, the company’s co-founder. Sosna, who has been at the helm for 13 years, having led Personetics through its global expansion plans, will step down but remain involved to offer support as needed.

FinTech 78
article thumbnail

We are cash-free: Sweden's fintech outlook

Finextra

“We are a cash-free hotel. Payments can be made with the most common credit cards”.

article thumbnail

OpenPayd bolsters instant payments solutions with TrueLayer partnership

Fintech Finance

OpenPayd , the leading global payments and Banking-as-a-Service (BaaS) platform, today announced its partnership with TrueLayer , Europe’s leading open banking payment network, to enhance its instant payment solutions offering for its clients. OpenPayd will leverage TrueLayer’s payments network throughout the UK and Europe to enable secure and instant account-to-account (A2A) payments for its global clientbase.

article thumbnail

Due diligence fintech spektr launches

Finextra

Danish startup spektr has raised EUR5 million in seed funding for its platform to help financial sector firms with their due diligence processes.

article thumbnail

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.