Mon.May 13, 2024

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From data to decisions: Five steps to making payments data work for you

Payments Next

By Roger Portela, Senior Director of Product, PayNearMe Every day, valuable data flows through your payments platform. But how it’s collected, where The post From data to decisions: Five steps to making payments data work for you first appeared on Payments NEXT.

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How digital wallets are reshaping the payments landscape

Payments Dive

Digital wallets have grown in popularity as consumers have become accustomed to the convenience and flexibility of contactless payments.

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Kima bids to build a 'DeFi credit card’

Finextra

Israeli startup Kima is running a project with Mastercard's FinSec Innovation Lab to connect decentralised finance (DeFi) applications with fiat systems.

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AI, Digital Disruption, and Climate Change: Challenges and Opportunities in Insurtech

Finovate

The week begins with a few research-related announcements in the fintech and financial services space. CB Insights announced the availability of its State of Insurtech report for the first quarter of 2024, and the Federal Reserve Board issued a summary of climate risk resiliences exercises conducted recently by a handful of big banks. While the focus on this column in on the former, the publication of the latter shines some light on potential answers to the problems raised in CB Insights’

AI 119
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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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Digital wallets: A treasure trove of opportunity or risk?

The Payments Association

Digital wallets are rapidly evolving, increasingly centralising essential personal functionalities like payments, identity verification, and data control, highlighting both immense potential and significant risks.

Risk 100
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'Neobank in a box' startup Fintech Farm raises $32 million

Finextra

Fintech Farm, a London-based startup that helps banks in emerging markets to launch all-digital neobanks, has raised $32 million in funding.

FinTech 130

More Trending

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Raisin moves into net profit

Finextra

German savings and investment products marketplace Raisin has almost doubled revenues for 2023 and moved into net profitability for the first time.

Product 125
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CFPB will keep defending late fee cap

Payments Dive

The 5th Circuit Court of Appeals blocked the Consumer Financial Protection Bureau’s $8 late fee cap on Friday, but the federal agency said it will continue to “defend” the rule.

Caps 97
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Gan Kim Yong to Take Over as MAS Chairman From Lawrence Wong

Fintech News

The Monetary Authority of Singapore (MAS) announced that Gan Kim Yong, Minister for Trade and Industry, will be the new Chairman of the MAS Board of Directors, effective from 15 May 2024 to 31 May 2026. Gan, who has served as Deputy Chairman of MAS since 8 July 2023, will succeed Lawrence Wong, Deputy Prime Minister and Minister for Finance. Wong has held the Chairman position since 8 July 2023 and will step down from his roles as Chairman and Board member on 15 May 2024.

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Credit Card Processing Basics

National Processing

What is the first step to saving money on credit card processing? Gaining an understanding of how payment processing works. The more you know, the more your business can save and grow. We will jump right into it with an overview of credit card processing basics. Then, we will provide more details […] The post Credit Card Processing Basics appeared first on National Processing.

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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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MENA Fintech Association Sets Sights on EU Expansion, in Partnership With Hungarian Fintechs

The Fintech Times

The MENA Fintech Association , the not-for-profit organisation supporting fintech startups and established players across the Middle East and Africa, is set to expand its influence to firms in Hungary, after signing a memorandum of understanding (MOU) with the Hungarian Fintech Association. The two fintech associates are joining forces to enhance collaboration and foster innovation within the fintech ecosystems of both MENA and Hungary.

FinTech 105
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Temenos Launches Responsible Generative AI Solutions

Finovate

Temenos has launched Responsible Generative AI Solutions for financial services. The GenAI tools allow bank employees to use natural language to query the engine, which will leverage banks’ data to generate unique insights and reports. At launch, the new GenAI tools will be available within Temenos Wealth and Temenos Digital products. Banking technology provider Temenos launched Responsible Generative AI Solutions for financial services this week.

AI 105
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Canadian regulators hit Binance with $6 million penalty over AML

Finextra

FINTRAC announced today that it has imposed an administrative monetary penalty on Binance Holdings Limited, also operating as Binance Holdings (IE) Ltd., Binance.com, Binance Global and Binance.

AML 98
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Fintech Rises as Most Equitable Field for Female-Founded Startups

Fintech News

In a world where the tech industry is predominantly male-dominated, female entrepreneurs in Southeast Asia are slowly but surely making their mark. The year 2023 has seen significant strides in the right direction, with startups having at least one female founder raising $1.41 billion in equity funding, accounting for 18.3 percent of the total private capital secured during the year.

FinTech 119
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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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AmEx and Worldpay form small business partnership

Finextra

American Express and Worldpay have signed a new agreement which makes it even easier for small businesses to welcome loyal and high-spending American Express Cardmembers.

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MoneyHero Strengthens Leadership with New CFO and Group Heads

Fintech News

Financial product comparison platform MoneyHero has announced additions to its senior management team, appointing Hao Qian as Chief Financial Officer, Liru Chan as Group Head of Marketing, and Francois Picard as Group Head of Operations. Effective immediately, Hao Qian will oversee MoneyHero’s financial systems, including accounting, capital markets, compliance, and investor relations.

APACS 106
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Temenos ramps up AI offensive

Finextra

Temenos has announced the launch of its Responsible Generative AI solutions as part of its AI banking platform.

AI 122
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APP Frauds & Mandatory Reimbursement: What It Means for You

ACI Worldwide Blog

Authorized push payment (APP) fraud is a scam in which a fraudster convinces a payer to authorize a payment under false pretenses. APP fraud is a form of confidence-based fraud, meaning it relies on deception, rather than brute force, to convince victims to take a specific action. The post APP Frauds & Mandatory Reimbursement: What It Means for You appeared first on ACI Worldwide.

Payer 92
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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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HSBC adds savings tool to mobile app

Finextra

HSBC has added a feature to its mobile app in the UK to help customers identify, plan and manage their saving goals.

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Atome’s BNPL Payment Option Now Available on Taobao Singapore

Fintech News

Buy Now, Pay Later (BNPL) firm Atome has partnered with online shopping platform Taobao Singapore to introduce its payment option for local shoppers. The new BNPL payment feature is now available on the Taobao mobile app. Shoppers need an existing Atome account to use this payment method at checkout. This collaboration aims to enhance the shopping experience for Taobao’s Singapore users, providing easier access to over 2 billion products with the added flexibility of Atome’s BNPL opt

BNPL 110
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Toast CFO weighs in on Visa-Mastercard settlement

Payments Dive

The restaurant-focused payments company expects to see an impact from lowered interchange fees by the second half of 2025.

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Climate Impact X to Launch New Market Intelligence Service

Fintech News

Climate Impact X (CIX), a provider of global carbon market solutions, announced it will introduce a new market intelligence service aimed at enhancing decision-making and transparency within the voluntary carbon market (VCM). The CIX Intelligence service , expected to launch in July 2024, builds on the success of the CIX Carbon Daily report, which has attracted over 600 company subscribers globally since last year.

Database 105
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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.

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Instant Payments: Overcoming Challenges for a Faster Tomorrow

Finextra

Around the world, there are significant moves to transition from traditional electronic money transf.

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Australia’s Embedded Insurance Growth Projected to Outpace Traditional Channels

Fintech News

Embedded insurance in Australia is poised for strong growth, driven by various factors related to customer preferences, technological advancements, and industry collaborations. Embedded insurance refers to the integration of insurance products into non-insurance platforms or experiences, such as e-commerce, travel or healthcare. This integration allows customers to access insurance coverage conveniently and efficiently within the context of their everyday interactions, without the need to visit

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MPs warn against mass government surveillance of bank accounts

Finextra

A group of UK MPs has tabled a parliamentary motion calling on the government to remove powers in a new bill that they say would result in the mass surveillance tens of millions of people's bank accounts.

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OCBC Makes S$1.4 Billion Bid for Remaining Great Eastern Holdings Stake

Fintech News

OCBC Bank announced that it has put up a S$1.4 billion bid to acquire the remaining 11.56% of Great Eastern Holdings Limited it does not own. The bank has been the majority shareholder of Great Eastern for the past 20 years. The move aims to consolidate OCBC’s strengths in banking, wealth management, and insurance. The proposed acquisition is a part of OCBC’s strategic efforts to enhance its presence in Asia’s wealth management sector.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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How CFOs approach tech spend

Bank Automation

Major banks in the United States are increasing tech investment for added efficiencies and frictionless digital experiences — which has become the consumer’s expectation since the pandemic.

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Temenos Introduces Generative AI Solutions to Streamline Banking Operations

Fintech News

Banking software company Temenos announced the launch of its new Responsible Generative AI solutions, aimed at enhancing core banking operations at the Temenos Community Forum 2024. The company introduced these AI solutions to integrate with its existing banking platforms, including Temenos Core and Financial Crime Mitigation (FCM). This latest development is supported by Temenos’ substantial investment in research and development, which has already produced patented Explainable AI (XAI) s

AI 102
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FIs look to tech providers for RTP, FedNow onboarding

Bank Automation

Adoption is ticking up for The Clearing House’ Real Time Payments network and the Federal Reserve’s FedNow payments rail as financial institutions add payment services to their platforms. The RTP network has more than 500 institutions on its network, according to The Clearing House’s website.

FedNow 78
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American Express and Worldpay renew ties

Finextra

American Express and Worldpay have signed a new agreement which makes it even easier for small businesses to welcome loyal and high-spending American Express Cardmembers.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.