The Fintech Times

FEBRUARY 22, 2024

Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. In January 2024, we focused on generative artificial intelligence (AI) and how it has emerged onto the fintech scene following its boom in 2023. Artificial intelligence has many uses, and while it can be used for good, it can also be abused by bad actors.

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Cross-Border Payments Cross-Border AI Payment Security 135

Finextra

FEBRUARY 22, 2024

Frankfurt has won the race to host the EU's new Anti-Money Laundering Authority (AMLA), beating out competition from eight other cities, including Dublin, Madrid and Paris.

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Money Laundering Authorization 122

The Fintech Times

FEBRUARY 22, 2024

Despite many SMEs understanding the importance of green initiatives, and being aware of the current climate crisis and the impact they are having, many feel they do not have the skills necessary to make a difference. To ease these concerns, NatWest , the UK bank, has joined forces with Cogo , the carbon management platform, to build a carbon literacy toolkit.

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Process Economy Small Business Research 109

Finextra

FEBRUARY 22, 2024

UK buy now, pay later firm Zilch has expanded its consumer credit offering with the launch of a longer-duration zero-interest payment option designed for bigger ticket purchases abaove £75.

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BNPL Product Consumer Payments 120

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

Payments

Payments Dive

FEBRUARY 22, 2024

The head of the OCC called on Congress to replace the current state-by-state money transmitter licensing system for payments companies with a federal regulatory framework.

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OCC Payments 97

National Processing

FEBRUARY 22, 2024

Are there any best practices you might be unaware of when it comes to payment processing? Shortcuts and insights that would make your business run smoother? Yes! And we are going to make sure you find out those details as we list these best practices and reasons they matter so much to business owners. […] The post Navigating the World of Payment Processing: Best Practices for SMBs appeared first on National Processing.

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Best Practices Process Payments Posting 88

Fintech News

FEBRUARY 22, 2024

Payment giant Visa has unveiled its newly transformed Innovation Center in Singapore which will serve as a collaborative space for partners, clients, and businesses across the Asia Pacific region, fostering the development of advanced payment solutions. As the digital payment sector continues to evolve, the center aims to facilitate the co-creation of innovative payment solutions, scalable innovations, and tackle the major challenges and opportunities within digital payments in the region.

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Innovation Embedded Finance Payment Solutions Blocks 101

The Payments Association

FEBRUARY 22, 2024

There is an increasing need for enhanced data sharing in the payments industry to combat the rising threat of financial crime, specifically money laundering and online-enabled fraud.

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Financial Crimes Crime Money Laundering Payments 88

Fintech News

FEBRUARY 22, 2024

A plethora of technological advancements and geopolitical events repeatedly upend the banking industry. 2023 was no exception, marked by highly publicised bank failures, rising interest rates, and various global economic challenges. Amidst these upheavals, one constant emerged: People remain content with their banks. In the fourth iteration of the EPAM 2024 Singapore Consumer Banking Report, 9,000 retail banking consumers across nine countries were surveyed, revealing consistent satisfaction acr

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Instant Payments AI Non-Bank Compliance 100

The Payments Association

FEBRUARY 22, 2024

In 2021, the Financial Conduct Authority (FCA) Business Plan made clear its intent to apply a more intensive assessment with greater scrutiny of financial information and business models. This is being particularly felt in the payments space.

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Process Assessments Authorization Payments 88

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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?

Use Case

Finextra

FEBRUARY 22, 2024

Senior payments experts at the European Central Bank have billed the SEC's approval of spot exchange-traded funds (ETF) for bitcoin as an example of the 'naked emperors new clothes', legitimising a currency whose fair value as an asset is effectively zero.

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Central Bank Regulations Bitcoin Payments 97

The Payments Association

FEBRUARY 22, 2024

HSBC’s January launch of Zing, an e-money institution and standalone money transfer app, is something of a strategic departure for the global banking behemoth for a number of reasons. What it may imply for the bank strategically and what it signals for the future of international money transfers, fees, and product development are all valid questions.

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Product Payments Cross-Border Payments Cross-Border 88

Fintech News

FEBRUARY 22, 2024

In its ninth annual Fintech 50 list, Forbes has spotlighted its key contributors to the fintech sector, and Singapore-headquartered payments firm Nium has been distinguished as the sole Asian entity to feature this year. Originally launched in 2014 under the name InstaReM, Nium has evolved into a significant global fintech presence. With a current valuation of US$2 billion, the firm is one of the few fintech unicorns from Singapore and oversees transactions amounting to more than US$8 billion an

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FinTech Origination Payments Institute B2B 90

The Payments Association

FEBRUARY 22, 2024

Since 2019, the UK’s banking sector has been refunding customers who become victims of authorised push payment (APP) scams, causing heated debate among industry professionals who believe the responsibility should lie elsewhere. This year, rules laid out by the Payment Systems Regulator (PSR) in 2023 will come into force. The rules stipulate that both the sending and receiving firms should hold equal liability when reimbursing fraud victims in most cases.

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Scams Rules Payments Regulations 88

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

Best Practices

Bank Automation

FEBRUARY 22, 2024

Chip manufacturing behemoth Nvidia posted record revenue in the fourth quarter as companies across industries look to develop and deploy generative AI. The Santa Clara, Calif.-based company posted data center revenue of $18.4 billion, up 409% year over year, according to the company’s earnings report.

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CHIPS AI Posting 81

Fintech Finance

FEBRUARY 22, 2024

Dyce Energy , a gas and electric provider for UK businesses, has announced today that it will be renewing its relationship with GoCardless , the bank payment company, for another three years. The new contract will see Dyce Energy continue a six-year relationship with GoCardless to collect recurring payments through Direct Debit. Currently 96% of Dyce Energy’s customers pay their monthly energy bill through GoCardless.

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Payments Continuity Finance Service Provider 88

Bank Automation

FEBRUARY 22, 2024

Lloyds Bank is modernizing its technology and expects to save 1.2 billion pounds ($1.5 billion) through the efforts in 2024. The London-based bank’s focus on technology aims “to increase the pace and efficiency of change,” Chief Executive Charlie Nunn said today during the bank’s fourth-quarter earnings call.

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Technology 78

TechCrunch Fintech

FEBRUARY 22, 2024

Investing app Grifin today officially launched its anticipated investing model called “Adaptive Investing,” which enables you to automatically invest in your favorite brands that you frequently shop from. Grifin was founded in 2017 with the hope of making investing less intimidating and normalizing it for people who aren’t that financially savvy. To date, Grifin has […] © 2024 TechCrunch.

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FinTech 77

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

Basis Theory

FEBRUARY 22, 2024

Today’s economy is increasingly driven by complex purchases: beyond the exchange of cash for an item in a retail store, we have become accustomed to making digital orders from e-commerce merchants, signing up for subscriptions instead of buying software outright, and taking advantage of generous return policies. Each of these call for merchants to be able to do more than simply swipe a card once and consider the transaction complete; rather, they must be able to both authorize a payment method u

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Authentication Returns Authorization Economy 68

Payments Dive

FEBRUARY 22, 2024

The buy now, pay later provider has cut about 6% of its employees, joining other payments companies that have trimmed workforces this year.

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Payments 103

Finextra

FEBRUARY 22, 2024

Singularity, a startup developing a protocol to provide institutions with compliant and confidential access to DeFi, has raised $2.2 million.

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Finovate

FEBRUARY 22, 2024

Finovate TV is back! This year at FinovateEurope (27-28 February) I will be interviewing 15 fintech entrepreneurs, CEOs, analysts, authors, and thought leaders on what they believe are the most important topics and trends in fintech and financial services. Here’s a preview of the people I’ll be speaking with, a note on what they will be presenting at FinovateEurope, and a sense of the questions I’ll be asking them next week.

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Returns AI Embedded Finance Finance 69

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.

Continuity

Finextra

FEBRUARY 22, 2024

TD, America’s Most Convenient Bank®, today announced the launch of Tap to Pay on iPhone, enabling small and micro business owners across the U.S. to use their mobile phone for a seamless and secure point-of-sale (POS) experience.

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Point-of-Sale (POS) Small Business Security 69

The Fintech Times

FEBRUARY 22, 2024

Insurtech startup blip officially launched in the UK earlier this week, looking to offer affordable business insurance for small businesses, amid difficult macroeconomic conditions. As prices, bills, interest rates and everything else in between become more expensive, blip is hoping to support small businesses by offering fairly priced and transparent insurance policies.

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Small Business Adjustments End User Mitigation 67

Finextra

FEBRUARY 22, 2024

Money transfer firm Wise is calling on the Government to fix weak legislation which enables banks to hide the cost of FX transfer fees charged to small and medium businesses.

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Government Governance 69

The Paypers

FEBRUARY 22, 2024

Following struggles to comply with local regulations, Binance is facing bans in The Philippines. Nigeria is also on the offensive against Binance and similar crypto firms.

Regulations 73

Regulations 73

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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.

AI

Finextra

FEBRUARY 22, 2024

Visa, a world leader in payments, today announced the opening of its transformed Singapore Innovation Center, a dedicated space for partners, clients and businesses in Asia Pacific.

Innovation 64

Innovation Payments 64

Bank Automation

FEBRUARY 22, 2024

Institutions approaching mergers and acquisitions must consider how to combine cultures, business models in addition to their tech stacks.

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Finextra

FEBRUARY 22, 2024

Bottomline, a global leader in business payments, launched enhancements to its technology to help banks and non-banking financial institutions monitor, detect, and prevent fraud from happening inside the business.

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Non-Bank Business Payments Technology Payments 59

The Fintech Times

FEBRUARY 22, 2024

Emirates NBD , a banking group for the Middle East, North Africa and Türkiye (MENAT) region, has joined the Dubai FinTech Summit, organised by Dubai International Financial Centre (DIFC), as a premium banking partner, underscoring its dedication to driving innovation in the financial sector. By becoming a premium banking partner of the event, which begins on 6 May 2024, Emirates NBD continues its existing collaboration with the DIFC Innovation Hub.

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FinTech Cross-Border Innovation Agreements 57

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Payments