Tue.Jun 18, 2024

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Advanced Data Security: Safeguarding Your Business In The Digital Age  

VISTA InfoSec

Data is the driving force behind businesses in this digital age. From customer information and financial records to trade secrets and proprietary research, these digital assets are invaluable. As cyber threats evolve, safeguarding your organization’s data has become an utmost priority. Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a data breach are severe and far-reaching.

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Swift bids to connects VoP schemes across Europe

Finextra

Bank-to-bank payment messaging network Swift is working to facilitate interoperability of Verifcation of Payee schemes across Europe as new research shows that 83% of SMEs across France, Germany, Italy and Spain rank upfront beneficiary checks as important to them in trading across borders.

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Coffee with the Council Podcast: Meet the Council’s New Head of Engagement

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 we'll meet one of the Council's newest team members, our Head of Engagement, Diana Greenhaw. Diana comes to the PCI SSC after a successful 20-year career in payments that included stops at WorldPay, Visa, and Block.

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Advancing Lending Operations: Supply Chain Financing Strategies

Finezza

Traditionally, suppliers and buyers stand on opposite sides of the negotiating table when closing a business deal. However, they may need to adopt a more collaborative approach in certain circumstances. For instance, they may come together to apply for a business loan. Known as supply chain financing, this unique product enables the supplier to produce […] The post Advancing Lending Operations: Supply Chain Financing Strategies appeared first on Finezza Blog.

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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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What is Subscription Management Software?

Stax

Subscription models offer companies large and small the opportunity to build predictable revenue and high customer lifetime value. But managing subscriptions effectively and freeing up time and resources for expansion is no picnic. In a subscription business model, customers pay a recurring fee in exchange for a product or service. This could be a subscription box, a SaaS (Software as a Service) product, or even just a streaming platform like Netflix.

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So you’re a high-risk merchant, now what?

Basis Theory

The card networks and payment gateways designate high-risk merchants as less safe than their normal clientele because of evidence like high chargeback rates (above 1%) or guilt by association—being in an industry associated with risk, like gambling, cannabis, and, surprisingly, e-commerce. Looking at the broader payments ecosystem, it can be arduous for a high-risk merchant even to acquire an account with a payment service provider (PSP).

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Enhancing Reliability and Security for Your Tenants

Basis Theory

Action is most likely required for your Production Tenant. What has Changed? We have updated our Rate Limits to better align with the specific workloads our customers are running. Here’s how we’re enhancing reliability and security: Test Tenants now have specific Rate Limits to prevent test environments from impacting production stability. Each type of Application now has specific rate limits to optimize performance and security: Private Applications have higher limits based on API Key or IP add

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Singapore’s Path Forward for Generative AI

Fintech News

The advancement of generative artificial intelligence (gen AI) has opened up new commercial, social, and technological opportunities. However the development of generative AI in Singapore is double-edged a new whitepaper by a consortium comprising the Monetary Authority of Singapore (MAS), financial institutions, tech firms and consultancies, says.

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Revealed: Key trends and insights for payments industry leaders

The Payments Association

The PAY360 registrant survey highlights key trends, challenges, and opportunities in the payments industry, focusing on AI, open banking, and real-time payments Read more

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ZORRZ Selects CLOWD9 to Drive Financial Inclusivity Through Innovative Virtual Credit Card

Fintech Finance

ZORRZ , the pioneering fintech driving financial inclusivity, has announced its strategic partnership with CLOWD9 , a B-Corp certified processing platform, to power its innovative BlueAccess Hybrid Credit Card platform. This collaboration aims to enhance ZORRZ’s mission of providing responsible access to credit for underserved communities. The ZORRZ BlueAccess Card is a first-of-its-kind collateralized virtual credit card designed to empower groups often excluded from mainstream lending, i

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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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Veriff’s Fraud Industry Pulse Survey uncovers the true cost of payments fraud

The Payments Association

The payments space is facing a surge in online fraud, with almost 90% of business leaders reporting that online fraud is costing them up to 9% of their annual revenue.

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ZA Tech Rebrands as Peak3, Secures US$35 Million Series A Funding

Fintech News

ZA Tech, a next-gen insurance core system SaaS provider, has rebranded as Peak3 following a US$35 million Series A fundraise led by EQT. Peak3 offers a cloud-native, modular insurance core and distribution system catering to life, health, and property and casualty insurance. Since ZA Tech ‘s establishment in 2018, it has partnered with global insurers like AIA, Generali, Prudential, and Zurich, as well as digital platforms such as Carro, Grab, Klook, and PayPay to enhance their embedded in

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Why Hedge Fund Admin Software is Crucial to Your Back Office 

Fintech Review

By Repool staff. In the fast-paced world of hedge funds, emerging fund managers focus on big-picture strategy and day-to-day investment moves. However, what is often overlooked or regarded with disdain is the amount of compliance and account reconciliations needed in back-office operations. While it’s not glamorous work, it is essential for ensuring the long-term sustainability and viability of the hedge fund.

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Ant International Debuts AI-Powered Digital Lending “bettr” for MSMEs

Fintech News

Ant International, a global digital payment and financial technology provider, has introduced “bettr,” a global digital lending service aimed at supporting micro, small, and medium enterprises (MSMEs) in key markets through embedded finance partnerships. According to the International Finance Corporation (IFC), 65 million firms, or 40% of formal MSMEs in developing countries, face an annual financing gap of US$5.2 trillion.

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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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Wholesale, not retail, CBDCs more likely to be issued in near-term - BIS

Finextra

There has been a sharp uptick in experiments and pilots with wholesale central bank digital currencies over the last year, according to the Bank for International Settlements.

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Amartha Nets US$17.5M Funding from Accion to Empower Women-Led MSMEs

Fintech News

Indonesian microfinance fintech company Amartha has secured a US$17.5 million equity funding from the Accion Digital Transformation Fund. This investment from global nonprofit Accion aims to help Amartha expand its platform, offering a full range of financial products and services to underserved women-led small businesses in rural Indonesia using data and AI.

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French wealth management startup Ramify raises €11m

Finextra

French wealth management and financial advisory platform Ramify has raised €11 million in a Series A funding round joined by Crédit Agricole.

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8 Most Influential CMOs in Asia Pacific’s Financial Services Sector

Fintech News

Eight CMOs have been named among the most influential and purposeful marketers in Asia-Pacific (APAC), recognized by Campaign Asia-Pacific and DoubleVerify for their ability to adapt to new technologies, address critical issues such as climate change, diversity, equity, and inclusion (DEI), and focus on sustainability. The 2024 Asia-Pacific Power List features 50 marketers in APAC which have demonstrated resilience, empathy, and a clear sense of purpose.

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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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Asia Pacific Bucks Global Trends as a Bright Spot for Remittance Activity: Visa Study

Fintech Finance

Remittance flows in Asia Pacific have softened in the past year amid persistent inflationary pressures and tightening labour markets in the high-income host economies of overseas foreign and migrant workers. Yet, high growth emerging markets in Asia Pacific, such as mainland China, India and the Philippines remain a bright spot for continued remittance activity, driven by the pursuit to drive positive change and progress at home.

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Banks are setting SMBs up for success with new tech

Bank Automation

Managing cash flow, tapping into data-driven insights and accessing capital: Small businesses are looking to their bank partners to provide digital solutions to streamline access to data, insights and cash. This has been “the No. 1 issue that small businesses have faced,” Matt Baker, board adviser at Uplinq, told Bank Automation News.

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Corpay Cross-Border Continues Global Expansion with Launch of New Office in New Zealand

Fintech Finance

Corpay, Inc.* , (NYSE: CPAY), a global leader in corporate payments, is pleased to announce the latest expansion of its Cross-Border business with the establishment of a new office in Auckland, New Zealand. This expansion reinforces the company’s leading position in the payment industry and strengthens its presence in the Asia-Pacific region. “Our decision to establish a presence in New Zealand underscores our commitment to prioritizing our current and future clients’ evolving needs,” says David

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MAS, National Bank of Cambodia Launch Financial Transparency Corridor for SMEs

Fintech News

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have inaugurated the Financial Transparency Corridor (FTC) initiative to enhance financial cooperation between the two countries, particularly for small and medium-sized enterprises (SMEs). The event, held at Istana, Singapore, was attended by Singapore Prime Minister Lawrence Wong and Cambodian Prime Minister Hun Manet during his official visit to Singapore from 18 to 19 June 2024.

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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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Revolut Launches RevPoints Loyalty Programme, Turning Daily Expenses into Exclusive Rewards

Fintech Finance

Revolut, the global financial app with more than 40 million customers worldwide has today announced RevPoints, the first-ever pan-European debit loyalty card programme in the UK. This new initiative allows customers to turn their everyday spending into extraordinary rewards, including coveted airline miles and exclusive discounts on travel, accommodation, experiences and more.

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Fight AI with AI: How payments businesses can combat fraud networks

The Payments Association

Payment businesses must leverage AI technologies to combat increasingly sophisticated fraud networks and protect digital transactions.

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UK Reaches 150 Million Contactless Cards in Issue

Fintech Finance

UK Finance today releases its card spending data for March 2024, covering the monthly value and volume of transactions across debit and credit cards. The data shows the number of contactless cards in issue in the UK topped 150 million (150,172,000) for the first time in March 2024. This means that contactless cards now make up 93 per cent of the cards in issue in the UK.

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Affirm CFO doesn’t expect profits from its Apple tie soon

Payments Dive

The company’s finance chief compared the rollout of its partnership with Apple to the launch of its own payment card, saying the company preferred a “very thoughtful and controlled” approach.

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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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Loop and J.P. Morgan Payments to Improve Access to Working Capital Across the Supply Chain

Fintech Finance

Loop , the modern audit & payment platform for the next-gen supply chain, today announced its collaboration with J.P. Morgan Payments to help make financial operations more accessible and profitable for every shipper, carrier, and third-party logistics provider. Together, Loop and J.P. Morgan Payments will boost working capital with freight payments — and facilitate stronger relationships between carriers and shippers built on speed, transparency, and trust.

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EBAday 2024: Tokenisation and digital identity will lead banking evolution

Finextra

At EBAday 2024 in Lisbon, after a buzzing morning of introductions and a keynote to set up the themes for the rest of the conference, David Birch presented a challenge speech titled ‘Digital Money, Digital Assets, Digital Identity: The Future of Banking’.

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Singapore’s Financial Giants Dominate Fortune Southeast Asia 500

Fintech News

The inaugural Fortune Southeast Asia 500 list highlights the region’s largest and most influential companies, reflecting Southeast Asia’s dynamic and rapidly evolving economic landscape. Southeast Asia is a thriving economic powerhouse with a combined GDP of US$4 trillion. The region is experiencing robust growth, significantly outpacing the economies of Europe and the United States.

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IDEX Biometrics Receives Production Order for IDEX Pay as Beautiful Card Corporation is Granted Mastercard Letter of Approval

Fintech Finance

IDEX Biometrics has received a production order from Beautiful Card Corporation (BCC) , in support of bank launches in Asia. BCC has obtained the Letter of Approval (LoA) from Mastercard for its biometric payment card built on the IDEX Pay platform, allowing the issuance and deployment of biometric cards globally. With an annual production of 121 million payment cards1, BCC is one of the top 10 smart card manufacturers globally, specialized in the manufacturing, personalizing, and packaging of p

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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.