Mon.Jul 29, 2024

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JPMorgan rolls out Generative AI 'research analyst' to staff

Finextra

JPMorgan Chase has rolled out an inhouse developed Generative AI chatbot to staff, likening it to a having a research analyst at your desk.

Research 126
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Coffee with the Council Podcast: Meet This Year’s North America Community Meeting Keynote Speaker, Tom Koulopoulos

PCI Security Standards

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Senior Manager of Public Relations for the PCI Security Standards Council. Today, I am so excited to bring you a sneak peek interview with PCI SSC's North America Community Meeting Keynote Speaker, Tom Koulopoulos. Mr. Koulopoulos is Chairman and Founder of Delphi Group, a 30-year-old Boston-based Think Tank, named one of the fastest growing private companies by Inc. magazine, and the founding partner of AcroVantage Ventu

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Westpac starts offering debit cards to eight-year-olds

Finextra

Australian bank Westpac is now offering debit cards to children as young as eight in a move it says will help them hone their financial skills.

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Stripe Selects Fifth Third to Power Embedded Financial Services

Fintech Finance

Fifth Third Bank is pleased to announce a collaborative agreement between Newline by Fifth Third, a leading embedded payments provider, and Stripe , a financial infrastructure platform that enables businesses to seamlessly incorporate financial services in their products. Together, Newline and Stripe will expand embedded financial services for Stripe’s platform users and their customers.

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The Evolving Retailers 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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Affirm says CFPB’s proposed BNPL rules will confuse customers

Payments Dive

In commenting on the proposal, the BNPL provider said consumers would be better served by rules specific to BNPL transactions, as opposed to credit card regulations.

BNPL 97

More Trending

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Milberg roils Visa-Mastercard settlement claims process

Payments Dive

The law firm falsely suggested it represented well-known businesses in the claims filing process and blamed an outside party for the snafu that prompted a call for sanctions.

Process 88
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Open banking fraud: An open question for UK regulators

The Payments Association

While the speed and convenience of open banking solutions helps to improve convenience, transparency, and confidence in payments, it also increases the chances for fraud, and in particular authorized push payment (APP) fraud. In the digital age, fraudsters and payments industry stakeholders are leveraging the same technologies for very different purposes.

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Inside look: Frost Bank’s AI and payments strategy

Bank Automation

Frost Bank is investing in its AI, payments and customer onboarding experience to remain competitive and penetrate new markets. In the second quarter, the $49 billion San Antonio-based bank upped its technology spend 8% year over year to $35.9 million, according to its July 25 earnings report.

AI 80
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Capital One racks up Walmart, Discover costs

Payments Dive

The card company set aside more than $800 million to brace for credit card losses tied to its break-up with retail behemoth Walmart.

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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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Visa takes on not-so-friendly fraud

Bank Automation

Dishonest consumers are upping their fraud game as “friendly fraud” becomes the No. 1 problem in credit card disputes, but tech providers and merchants alike are upping their ability to fight through data and AI. Friendly fraud and chargeback fees cost businesses more than $117 billion in 2023, according to a PayPal report.

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GoTo Expands TikTok Partnership with ‘Buy Now, Pay Later’ Service

Fintech News

Indonesian tech company GoTo Group has expanded its partnership with TikTok by introducing a “Buy Now, Pay Later” (BNPL) service, GoPay Later , on TikTok’s ShopTokopedia platform. This follows TikTok’s acquisition of a controlling stake in Tokopedia which was completed in January this year, aimed at reviving its e-commerce ambitions in Indonesia.

BNPL 75
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Lloyds and Nationwide invest in Scottish AI fintech Aveni

Finextra

Lloyds Banking Group and Nationwide have joined an £11 million Series A funding round in Scottish AI fintech Aveni.

AI 72
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MAS Board Welcomes Chee Hong Tat as Deputy Chairman

Fintech News

The Monetary Authority of Singapore (MAS) has appointed Chee Hong Tat , Minister for Transport and Second Minister for Finance, as the new Deputy Chairman of its Board of Directors. His term will commence on 23 August 2024 and extend until 31 May 2027. Chee joined the MAS Board on 1 June 2024. Chee’s appointment follows his tenure as Acting Minister for Transport, a position he has held since 12 July 2023, alongside his role as Senior Minister of State for Finance.

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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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What Are Successful Fintech Impact Platforms Doing Right?

The Fintech Times

Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change. We’ve spoken about net zero , ESG initiatives, and accessibility so far during our ‘fintech for good’ theme.

FinTech 69
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Bank of Lithuania puts halt on new customers for local paytech Kevin

Finextra

The Lithuanian central bank has appointed an independent supervisor and restricted new business for local paytech Kevin after losing patience with the firm for repeated failings to file its annual reports.

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Changelabs Launches Fintech Accelerator for Egypt-Based Startups

The Fintech Times

Changelabs , the regional impact-centred accelerator, is expanding its MENA Fintech Accelerator to identify and scale fintech startups in Egypt. The Changelabs fintech accelerator programme looks to provide a dynamic platform for early-stage ventures to scale their innovative financial solutions that empower individuals and businesses across Egypt. Changelabs has joined forces with SANAD Entrepreneurship Academy , FMO , Disruptech Ventures , and InDrive New Ventures , to deliver the programme.

FinTech 64
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10x Banking unveils 'meta core' to derisk core conversions

Finextra

10x Banking has unveiled a new generation of core banking technology designed to derisk the conversion from legacy ledgers and provide a clear roadmap to cloud-native transformation.

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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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Xerberus launched tool to recover scammed crypto funds

The Paypers

UK-based crypto risk rating protocol Xerberus has launched ‘Siren’, a crypto scam recovery tool.

Scams 59
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Finma publishes guidance on stablecoins

Finextra

The Swiss Financial Market Supervisory Authority FINMA today published guidance on the issuance of stablecoins.

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Dubai Land Department and Oqoodi Enable Peaceful Real Estate Settlements Worth AED1.38bn in H1’24

The Fintech Times

Ensuring property disputes can be sorted quickly and peacefully is an extremely important aspect of ensuring booming ecosystems can continue to thrive. In light of this, Dubai Land Department (DLD) has successfully completed 647 real estate settlements using Oqoodi, the digital platform navigating land and property disputes. Dubai Land Department provides a conflict resolution service to customers, aiming to help investors and developers reach an agreement that satisfies all parties of the contr

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CrowdStrike, AT&T, and the Role of Resiliency in Banking

Finovate

This morning CrowdStrike CEO George Kurtz reported that 97% of the Windows sensors knocked out during CrowdStrike’s botched software update a little over a week ago are back online. That’s great news for those companies still reeling from one of the biggest IT outages in history. When it comes to cybersecurity companies, CrowdStrike is widely considered to be a belle of the ball.

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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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In Conversation at Seamless Middle East: Video Interviews at the Dubai World Trade Centre

The Fintech Times

Seamless Middle East returned for the 24th edition of its conference, opening its doors to welcome over 25,000 attendees and over 500 speakers to tackle some of the biggest issues in fintech, banking, payments, e-commerce and more. Aiming to drive the future of digital commerce, attendees gathered at the Dubai World Trade Centre to network with some of the brightest minds in the financial industry, attend panel sessions and visit exhibitors.

APACS 59
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10x Banking Unveils “Meta Core” Platform to Accelerate Digital Transformations for Bank

Finovate

Core banking platform 10x Banking released its first “meta core” platform for banks. 10x Banking’s meta core will enable banks and financial services companies to accelerate their digital transformations. 10x Banking won Best of Show in its Finovate debut at FinovateEurope 2023. Cloud-native core banking platform 10x Banking launched a new category of core banking technology today.

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BNPL Market Expected to Grow Across the Philippines, as Trust Rises Amongst Local Consumers

The Fintech Times

UnaCash , an in-app and in-store financing solutions provider, expects the Philippines’ buy now, pay later (BNPL) market to contribute 6.7 per cent in gross merchandise value (GMV) to the digital economy in 2024. The forecast comes after UnaCash compared the volume of the Philippines’ BNPL market from 2020 to 2023 to the growth rate of the Philippine digital economy during the same period.

BNPL 59
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Stripe Acquires Lemon Squeezy for Undisclosed Amount

Finovate

Stripe is acquiring merchant of record service company Lemon Squeezy. Financial terms of the deal were undisclosed. Lemon Squeezy will help Stripe add merchant of record capabilities, which will help it differentiate itself and may help attract a more global client base. Financial infrastructure company Stripe is adding to its expertise this week with the acquisition of merchant of record (MoR) service company Lemon Squeezy.

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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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Lynx and NTT Data Partner to Prepare for PSR Changes in the UK and Improve Fraud Detection Worldwide

The Fintech Times

Lynx Tech , the fintech specialising in AI-driven fraud detection, is scaling its solutions across the UK and European markets as it has identified NTT Data , the business and tech services provider, as the perfect partner to take the business forward. Sumant Kumar, CTO, banking and financial markets, head of innovation, at NTT DATA UK&I NTT Data will be a crucial partner for Lynx as its network and experience in the banking sector will enable Lynx to focus on the UK, Irish, Spanish, LatAm,

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Case Study: Fraud.net Reduces Account Takeovers by 90% for Tinka

Fraud.net

Learn how Fraud.net's award-winning platform helped a BNPL payment processor reduce account takeovers, first payment defaults, and fraud.

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10x Banking Launches ‘Meta Core’, to Help Banks Accelerate Toward Full Cloud-Native Transformation

The Fintech Times

10x Banking , the cloud-native core banking platform, has launched a new ‘meta core’ designed to help banks and financial services accelerate towards full transformation. 10x Banking, which already powers the UK’s fastest-growing challenger bank Chase UK , explained that the meta core solves the challenges of legacy cores and avoids the complex set-up and scale challenges of neo cores, providing an accelerated path to full cloud-native transformation. 10x Banking also powers Westpac

Risk 59