Finextra

MAY 8, 2024

Australian Big Four bank NAB is partnering with Banked to launch Pay by Bank capabilities, leveraging Australian open banking rails PayTo to settle near-instant transactions.

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Transactions 133

Stripe

MAY 8, 2024

Stripe Billing allows businesses to manage customer relationships with recurring payments, usage triggers, and other customizable features.

Payments 139

Payments 139

Finextra

MAY 8, 2024

A host of major US financial services firms - including Citi, JP Morgan, and Visa - are taking part in a Regulated Settlement Network (RSN) proof-of-concept that will explore multi-asset settlement using shared ledger technology.

Settlement 126

Settlement Regulations Technology 126

Fintech News

MAY 8, 2024

As digital technologies continue to transform the financial landscape, central banks worldwide are exploring the potential of Central Bank Digital Currencies (CBDCs). Thailand, under the guidance of the Bank of Thailand (BOT) , has been at the forefront of this movement, continuously studying and testing the feasibility of a Retail CBDC since 2018. The country’s latest milestone, the Thailand Retail CBDC (RCBDC) Pilot Programme, marks a significant step forward in understanding the implica

CBDC 114

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 114

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

Finextra

MAY 8, 2024

Lloyds Banking Group is collaborating with Red Hat on a programme to drive the adoption of open source software across its engineering teams.

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121

Fintech News

MAY 8, 2024

The inaugural Money20/20 Asia conference wrapped up its three-day event at the Queen Sirikit National Convention Center in Bangkok from 23rd to 25th April, featuring fintech discussions, international networking and collaborations. The conference drew over 3,000 participants from 87 countries, including 24 nations across the Asia Pacific region. Notably, the event featured over 250 speakers from Asia, with 45% being female executives and more than 60% holding C-suite positions.

Returns 110

Returns Cross-Border Payments Cross-Border APACS 110

Fintech News

MAY 8, 2024

The United Kingdom and Singapore had convened for the 9th UK-Singapore Financial Dialogue yesterday (8 May 2024) to deepen their cooperation in sustainable finance and fintech. The dialogue focused on various pivotal areas including sustainable finance, fintech innovation, non-bank financial intermediation, and cross-border payment connectivity. Both nations reaffirmed their commitment to enhancing finance for projects aligned with the net zero agenda, focusing on establishing globally comparabl

Finance 105

Finance Regulations Cross-Border Payments Cross-Border 105

Payments Dive

MAY 8, 2024

The U.S. accounted for 58% of global commercial card spend last year, but also for 78% of total value lost to card fraud, according to a report by Euromonitor International.

Commercial Card 78

Commercial Card Accounts 78

Fintech News

MAY 8, 2024

Thailand’s Securities and Exchange Commission (SEC) has reiterated that digital asset exchanges are not allowed to list meme tokens, citing a lack of fundamental value and high risk of price manipulation. This move is aimed at maintaining order in digital asset trading and safeguarding investors from potentially unfair practices. Meme tokens, which often lack clear objectives or utility and are heavily influenced by social media trends, are seen as unstable investments.

Regulations 105

Regulations Rules Risk FinTech 105

Finezza

MAY 8, 2024

Like most emerging economies, India’s financial ecosystem is evolving rapidly and adapting to changing consumer requirements, regulations, and technologies. The B2B BNPL (Buy Now Pay Later) trend has quickly caught up with Indian consumers, primarily driven by the need for convenience and seamless access to credit. A barrage of BNPL startups has entered the Indian […] The post 5 Ways B2B BNPL Benefits Lenders and What Lies Road Ahead appeared first on Finezza Blog.

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BNPL B2B Economy Regulations 87

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Fintech News

MAY 8, 2024

DBS Group has announced the appointment of Eugene Huang as its new Chief Information Officer (CIO), effective from 10 May 2024. Eugene Huang Huang, an experienced technologist with more than three decades of experience in the technology and banking sectors, will join the bank’s Group Executive Committee and report directly to CEO Piyush Gupta.

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Cybersecurity Technology Continuity Innovation 99

Finextra

MAY 8, 2024

The United Kingdom (UK) and Singapore held the 9th UK-Singapore Financial Dialogue in Singapore today.

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FinTech 106

Fintech News

MAY 8, 2024

Visa has launched an AI-powered enhancement to its Visa Account Attack Intelligence (VAAI) solution, designed to combat the increasing number of account attacks facilitated by automated scripts and botnets. These attacks, known as enumeration attacks, have contributed to significant financial losses, amounting to approximately US$1.1 billion annually in fraud.

Bots 98

Bots AI Issuers Fraud Prevention 98

Bank Automation

MAY 8, 2024

Online lender Upstart automated 90% of its unsecured loans in the first quarter of 2024 as automation remained at the forefront of efforts to streamline its loan application process. Upstart originated $1.

Automation 75

Automation Origination Process 75

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

Fintech News

MAY 8, 2024

Deputy Prime Minister and Minister for Finance and Chairman of Monetary Authority of Singapore (MAS) Lawrence Wong, addressed the regulatory aftermath of the Terraform Labs’ collapse in a parliamentary session yesterday (8 May 2024). Terraform Labs, the company behind the Terra stablecoin, was a Singapore-registered startup not involved in activities requiring a license from the Monetary Authority of Singapore (MAS), and thus, was not licensed.

Addressing 97

Addressing Stablecoins Monetary Loss Cryptocurrency 97

The Fintech Times

MAY 8, 2024

SmartStream , the financial transaction lifecycle management (TLM) solution provider, has implemented its TLM reconciliations premium digital payments control solution at AYA Bank , a Myanmar-based banking institution. Following a recent surge in transaction volumes, AYA Bank explained that it recognised the need for a new solution that could efficiently process an increased number of payment transactions.

Volume 70

Volume Transactions Reconciliation APACS 70

Fintech News

MAY 8, 2024

In a promising collaboration, the United Nations Development Programme (UNDP) has joined forces with the Monetary Authority of Singapore (MAS) and the Global Legal Entity Identifier Foundation (GLEIF) to launch Project Savannah, a potentially transformative initiative aimed at empowering Micro, Small, and Medium-sized Enterprises (MSMEs) in their sustainability reporting journey.

Credential 84

Credential Legal Economy Governance 84

Finextra

MAY 8, 2024

The UK's Payment Systems Regulator is to extend its scam reimbursement programme to transactions taking place across the Chaps high value payments network.

Scams 75

Scams Rules Payment Networks Regulations 75

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

The Fintech Times

MAY 8, 2024

Emirates NBD , the banking group in the MENAT (Middle East, North Africa and Türkiye) region has partnered with Nium , the real-time cross-border payment firm, as the two aim to empower customers with a new remittance solution and redefine the financial services landscape in the Middle East. A growing expatriate population across the UAE and the increasing volume of cross-border trade have caused a significant growth in remittances sent from the country.

Cross-Border 62

Cross-Border Cross-Border Payments Ubiquitous Volume 62

Finextra

MAY 8, 2024

Joining FinextraTV at IFGS 2024, Eric Van der Kleij, Cofounder of EdenBase & TransformBase, discusses the next big disrupters in the financial sector, the flexible attitude businesses need to overcome adoption challenges, and how investors can help to make these changes sustainable and impactful.

Innovation 64

Innovation FinTech 64

Bank Automation

MAY 8, 2024

Wealth-tech giant Envestnet is ramping up its investment in data and analytics to increase subscription-based revenue and create new products.

API 72

API Product 72

Finextra

MAY 8, 2024

U.S. businesses and consumers are rapidly adopting digital, faster and instant payment services, according to studies released today by Federal Reserve Financial Services.

Faster Payments 64

Faster Payments Federal Reserve Consumer Instant Payments 64

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

NACHA

MAY 8, 2024

Nacha is pleased to announce that Kara Ford, Industry Relations Manager at the Federal Reserve, was named the winner of Nacha's inaugural 15 Under 40 Award, recognizing outstanding young professionals shaping the future of the payments industry. The award presentation took place during the Smarter Faster Payments 2024 conference.

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NACHA Federal Reserve Faster Payments Payments 62

Finextra

MAY 8, 2024

Google Wallet is landing in India, although the existing Google Pay app will remain the place for all things payments in the country.

Payments 75

Payments 75

Bank Automation

MAY 8, 2024

Global Payments has received EU regulatory approval and is launching a joint venture with CommerzBank — Commerz Global Pay — this month.

Global Payments 72

Global Payments Payment Solutions Transactions Payments 72

Finextra

MAY 8, 2024

Belgium's Centre for Excchange and Clearing has selected SurePay to provide Confirmation of Payee technology to the domestic banking industry.

Payee 69

Payee Technology 69

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Fintech Finance

MAY 8, 2024

Fractal , a new fintech platform exclusively servicing SaaS companies, today announces the launch of the most efficient payment processing services in the US. Founded by industry veterans, Fractal is taking household names like Stripe head-on by offering simpler service with up to 30% savings. Payment companies often try to compete with each other on price by single basis points, fractions of a percent — one basis point is 0.0001%.

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Regs Payments Process Finance 59

Finextra

MAY 8, 2024

Paymentology, the leading global issuer-processor, today announces its strategic partnership with Diamond Trust Bank (DTB), a tier one East African commercial banking franchise.

Embedded Finance 59

Embedded Finance Processors Issuers Finance 59

Fintech Finance

MAY 8, 2024

Pioneering force in the Middle East and Africa’s payments and revenue operations sector, MoneyHash and Visa , a world leader in digital payments, for delivering secure and enhanced digital payments experiences, announce collaboration. Working with Visa enables MoneyHash to gain unparalleled access to Visa’s extensive suite of digital payment solutions and opens the door to providing sophisticated payment technologies such as network tokenization.

Digital Payments 59

Digital Payments Security Payments Payment Solutions 59

Finovate

MAY 8, 2024

U.K.-based fintech SumUp has raised $1.6 billion (€1.5 billion) in a private credit debt transaction. The deal was led by Goldman Sachs Asset Management, and will enable SumUp to refinance debt and pursue international growth opportunities. SumUp won Best of Show at FinovateEurope 2013, a year after the company was founded. In a deal led by Goldman Sachs Asset Management, U.K.

Security 59

Security Point-of-Sale (POS) Finance Participant 59

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