Fed dissects consumer use of digital payments
Payments Dive
SEPTEMBER 30, 2024
While most U.S. households have a bank account, just under half use a nonbank payment service, Kansas City Federal Reserve Bank research says.
Mon.Sep 30, 2024
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A new era of stablecoins: Ripple USD Begins testing on the XRP Ledger Mainnet
The Payments Association
SEPTEMBER 30, 2024
Ripple is excited to announce we have begun beta testing Ripple USD (RLUSD) on the XRP Ledger (XRPL) and Ethereum mainnet. This is a significant milestone and a step closer to bringing more high-quality assets to the XRPL, driving new opportunities, liquidity, and institutional use cases for users, developers, and applications. The mainnet version of Ripple USD is also available on Ethereum, with plans to expand to additional blockchains and decentralized finance (DeFi) protocols over time.
KASIKORNBANK to Launch Thailand’s First Licensed Digital Asset Custodian
Fintech News
SEPTEMBER 30, 2024
KASIKORNBANK ( KBank ) has introduced orbix CUSTODIAN, which is set to become Thailand’s first licensed digital asset custodian. The new service, aimed at supporting local digital asset businesses, has received its license from the Ministry of Finance and operates under the supervision of the Securities and Exchange Commission (SEC). KBank is now finalising its systems ahead of an official launch in early 2025. orbix CUSTODIAN aims to provide secure, transparent digital asset custody servi
In the mind of the merchant: Top challenges and priorities for the next 12 months
The Payments Association
SEPTEMBER 30, 2024
What is this article about? The challenges and priorities facing merchants in the evolving payments landscape over the next 12 months. Why is it important? It highlights key trends, such as open banking, tokenisation, and fraud prevention, which are crucial for merchants to remain competitive and secure. What’s next? Merchants need to continue adapting to new payment methods, collaborate with industry peers, and stay agile in balancing innovation and regulatory compliance.
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
Matrixport Acquires Swiss Crypto Asset Manager to Expand European Footprint
Fintech News
SEPTEMBER 30, 2024
Matrixport, a Singapore-based cryptocurrency financial services platform, has acquired Crypto Finance Asset Management (CFAM), a Swiss crypto asset manager. Previously part of the Deutsche Börse-owned Crypto Finance Group, CFAM has been renamed Matrixport Asset Management (MAM). The acquisition, which received regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA), strengthens Matrixport’s position in the European market.
Fintech Rundown: A Rapid Review of Weekly News
Finovate
SEPTEMBER 30, 2024
We have breezed through September, and are now not only ready to take on a new month, but also a new quarter. Stay tuned to see what it will bring! Challenger banks Chime selects Morgan Stanley to manage its 2025 IPO. Qonto announces plans to expand to four new European markets: Austria, Belgium, the Netherlands, and Portugal. Lending Abrigo makes its Abrigo Small Business Lending commercially available.
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Mastercard and Amazon Payment Services to Enable Digital Payment Acceptance Across Middle East and Africa
Fintech Finance
SEPTEMBER 30, 2024
Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE. As part of the collaboration, the leading payment service provider (PSP) will adopt Mastercard Gateway – a single touchpoint for payment processing – as a payment solution available in 40 markets in the region.
Backbase’s ENGAGE Asia 2024 Spotlights Role of AI in Banking 4.0
Fintech News
SEPTEMBER 30, 2024
Digital banking software provider Backbase recently concluded its ENGAGE Asia 2024 event in Ho Chi Minh City. The ENGAGE Asia 2024 event focused on the evolving role of AI in banking and customer-centric innovations aimed at driving return on equity (ROE) and advancing the next phase of Banking 4.0. The event highlighted Backbase’s growing presence in Asia, marked by the launch of a global AI Centre of Excellence in Ho Chi Minh City.
PayU GPO Strengthens Nigerian Presence with New Country Manager Appointment
Fintech Finance
SEPTEMBER 30, 2024
Today, PayU GPO, the leading online payment service provider operating in over 50+ emerging markets, announces the appointment of Ugochukwu Eze as Country Manager in Nigeria. Ugochukwu Eze – who has extensive fintech experience spanning 17 years – has served as PayU’s Director/Product Manager in Nigeria for nearly a decade, leading in the conceptualization and development of customer centric solutions critical to the market.
Introducing Stripe’s new API release process
Stripe
SEPTEMBER 30, 2024
Starting today, we’re introducing a new release cadence and versioning system for all API endpoints that combines twice-yearly major updates with monthly feature enhancements. This set release schedule gives you the predictability and clarity that you need to better plan your engineering cycles.
15 Modern Use Cases for Enterprise Business Intelligence
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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?
PayerMax and Saudi Awwal Bank Forge Strategic Partnership to Support Digital Payments
Fintech Finance
SEPTEMBER 30, 2024
In a strategic move to enhance the digital payment ecosystem in Saudi Arabia, PayerMax , a leading global provider of payment solutions has announced a strategic partnership with Saudi Awwal Bank , a leading bank in the Kingdom of Saudi Arabia Kingdom. This partnership aims to redefine the digital payments landscape and streamline the onboarding experience for local merchants, facilitating seamless global transactions.
FCA and BoE open digital securities sandbox
Finextra
SEPTEMBER 30, 2024
The UK's two main financial regulators, the Bank of England (BoE) and the Financial Conduct Authority (FCA), have announced the opening of its Digital Securities Sandbox (DSS).
Swedish Fintech Firm Vilja Expands into ASEAN, Chooses Malaysia as HQ
Fintech News
SEPTEMBER 30, 2024
Vilja Solutions, a provider of cloud-based core banking platform, has selected Kuala Lumpur as its ASEAN headquarters, marking its expansion into the region. Around 60 digital banking industry leaders from Malaysia gathered at the event, joined by Swedish and Malaysian government representatives. Swedish Ambassador to Malaysia, H.E. Niklas Wiberg expressed support for Vilja’s initiative and highlighting the importance of promoting innovation that drives economic growth and financial inclusion.
EPI Launches Wero, Its European Digital Payment Wallet in France
Fintech Finance
SEPTEMBER 30, 2024
European Payments Initiative (EPI) , a a European player committed to offering a sovereign payment alternative to all consumers in the region, today announced the launch of Wero. The European instant account-to-account payment solution will be available to French customers of BNP Paribas, Groupe BPCE, Crédit Agricole, Crédit Mutuel Alliance Fédérale, Crédit Mutuel Arkéa, La Banque Postale and Société Générale, as well as many of their subsidiaries.
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
ANZ Becomes First Australian Bank to Join MAS-Led Project Guardian
Fintech News
SEPTEMBER 30, 2024
ANZ has become the first Australian bank to join Project Guardian , an initiative led by the Monetary Authority of Singapore (MAS). The project aims to explore broader access to tokenised real-world assets, such as commercial paper, in financial markets. ANZ will collaborate with Chainlink Labs and ADDX, a Singapore-based private market exchange platform, to test the interoperability of these assets between different blockchains.
Chubb’s Digital Payments and Cyber Scams Survey Finds Growing Impact of Fraud on Consumers; Harms Trust in Payment Methods
Fintech Finance
SEPTEMBER 30, 2024
Chubb , a world leader in insurance, today released the results of its new global survey, “ The Impact of Cyber Scams on Trust in Digital Payments ,” revealing the growing impact of cyber fraud on consumers, the misconceptions regarding cyber protections, and the significant changes in consumer purchasing behavior driven by escalating worries over cyber breaches.
Australia launches initiative to address tech talent shortage
Finextra
SEPTEMBER 30, 2024
The Tech Council of Australia (TCA) has launched a initiative designed to address the battle for tech talent.
Jack Henry and Victor Offer Embedded Payments Platform for Regional and Community Financial Institutions to Better Support Business Customers
Fintech Finance
SEPTEMBER 30, 2024
Jack Henry (Nasdaq: JKHY) announces the expansion of its collaboration with Victor Technologies , Inc., a subsidiary of MVB Edge Ventures, Inc. and part of MVB Bank, Inc. The companies launched an embedded payments management platform to help Jack Henry’s financial institution clients capitalize on Payments-as-a-Service (PaaS) market opportunities. MVB Bank, Dart Bank, and BayFirst National Bank are using the platform today.
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.
Ireland to grant National Cyber Security Centre emergency powers
Finextra
SEPTEMBER 30, 2024
Proposed legislation is set to give Ireland's cybersecurity agency the power to monitor all of the country's internet traffic when there is a "pressing national security threat".
allpay cards and Enfuce Join Forces to Accelerate Fintech Innovation with MyCard Solution in the UK
Fintech Finance
SEPTEMBER 30, 2024
allpay cards is thrilled to announce a new partnership with Enfuce , one of the fastest-growing fintechs in Europe, to support their innovative MyCard solution in the UK. This strategic collaboration allows allpay cards to deliver seamless card manufacture and personalisation services for Enfuce’s UK clients, further strengthening their commitment to offering cutting-edge solutions to the fintech sector.
ANZ joins MAS-led asset tokenisation project
Finextra
SEPTEMBER 30, 2024
ANZ is the latest bank to join the Monetary Authority of Singapore's multi-year Project Guardian initiative to explore asset tokenisation applications.
First Citizens, SVB taking integration slowly
Bank Automation
SEPTEMBER 30, 2024
First Citizens Bank and Silicon Valley Bank are slowly integrating their tech stacks while keeping their individual digital road maps relatively separate. “There has been a period of isolation where First Citizens wanted us to complete our digital journey and road map,” Milton Santiago, head of global digital solutions at SVB, told Bank Automation News. […] The post First Citizens, SVB taking integration slowly appeared first on Bank Automation News.
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.
ComplyCrypto Depository granted FCA registration
Finextra
SEPTEMBER 30, 2024
ComplyCrypto Depository Limited is pleased to announce that the Financial Conduct Authority (FCA) approved its registration as a cryptoasset exchange provider under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs).
The Barriers, Innovations and Future of Digital Banking: October at The Fintech Times
The Fintech Times
SEPTEMBER 30, 2024
In October, The Fintech Times will shine a spotlight on some of the most pressing issues shaping the future of digital banking, open finance and fintech innovation. To keep you updated, we’ve engaged with industry experts to explore the challenges and opportunities within open finance, the growing importance of sustainability and the evolving role of artificial intelligence in banking.
FIS partners with Commerce Bank to launch end-to-end loyalty platform
The Paypers
SEPTEMBER 30, 2024
Fintech FIS has provided an end-to-end loyalty programme management platform for US-based Commerce Bank , allowing customers to redeem loyalty points and the point of sale.
Leveraging Suptech: How Can Advanced Tools Enhance Regulatory Efficiency and Risk Detection?
The Fintech Times
SEPTEMBER 30, 2024
2024 is proving another standout year for the regulatory space, finding itself under the spotlight, for better and worse reasons. This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer.
Enhance Customer Value: Unleash Your Data’s Potential
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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.
inDrive income-based loans for drivers in Colombia with R2
The Paypers
SEPTEMBER 30, 2024
Global mobility app inDrive has launched inDrive Money, a financial product in Colombia that offers drivers income-based loans via the app in partnership with fintech R2.
Demand for UN SDG Associated Carbon Credits is Growing – Buyers Want to Know Claims Are Real
The Fintech Times
SEPTEMBER 30, 2024
Carbon ratings agency, BeZero Carbon , has published new research which indicates carbon credits could help fund critical global development targets – especially those which aline with at least one or more of the UN Sustainable Development Goals (SDG). According to the research, the carbon credits market’s price is growing in the wake of socio-economic impacts of carbon projects.
Enfuce Selects allpay cards to Manufacture and Personalize Cards for U.K. Clients
Finovate
SEPTEMBER 30, 2024
Enfuce has partnered with allpay cards to enhance Enfuce’s MyCard solution in the U.K., providing customizable card issuance services. MyCard allows fintechs and banks to issue and manage payment cards quickly, simplifies the card issuing process, and offers personalized options like metal, biometric, and sustainable cards made from recycled materials.
Tech Hesitancy Could Cost Wealth Managers Their Clients, Avaloq Study Reveals
The Fintech Times
SEPTEMBER 30, 2024
A quarter of global investors would consider switching from wealth managers who fail to modernise and adopt new technologies, a new study by Avaloq – a provider of digital banking and wealth management technology – reveals. The research, which surveyed more than 3,000 investors and 300 wealth managers across Europe, Asia and the Middle East, highlights a growing demand for tech-driven services in wealth management, with tools like investment analytics and live portfolio visualisatio
Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio
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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.
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