Payments Dive

FEBRUARY 27, 2024

Can the dollar’s reign as the world’s reserve currency persist? This Fed official makes a strong case, but digital doubts may remain.

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Fed 142

Finextra

FEBRUARY 27, 2024

New Consumer Spend data from Barclays’ annual contactless trends report has revealed that 2023 was another record-breaking year for ‘touch and pay’, with the fastest growth coming among the over 65s.

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Contactless Payments Payments Consumer 124

Payments Dive

FEBRUARY 27, 2024

The blockbuster deal is set “to trigger a bunch of rethinking across the industry,” said Erin McCune, a partner at consulting firm Bain & Company.

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Consulting Payments 128

Finextra

FEBRUARY 27, 2024

American Express has launched ‘Plan It’ – a new offering for the UK market that allows credit card holders to pay off purchases on their statement, or a portion of their monthly bill, in instalments.

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Credit Cards BNPL 122

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

BlueSnap

FEBRUARY 27, 2024

When CFOs and other business leaders think about their return on investment, it is easy to overlook payments. However, your global digital payments strategy can significantly impact profitability. The post Why (and How) to Think About Your ROI of Global Digital Payments appeared first on BlueSnap.

Digital Payments 113

Digital Payments Payments Strategy Returns Payments 113

The Payments Association

FEBRUARY 27, 2024

Trust Payments' CEO Daniel Holden sat down with the Payments Association's reporter George Iddenden to discuss the benefits of converged commerce and how businesses are leveraging unified technology to streamline transactions and enhance customer satisfaction.

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Retail Payments Payments Transactions Technology 88

Fintech Review

FEBRUARY 27, 2024

In the dynamic world of business, understanding the worth of an enterprise is essential for a myriad of reasons, from fundraising and mergers to sales and internal reviews. For industries that are rapidly evolving, such as the fintech sector, determining this worth can be challenging. Company valuation, therefore, plays a pivotal role. Let’s dive deep into company valuation, using fintech startups as our primary example.

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FinTech Duplicate Assessments Innovation 105

The Fintech Times

FEBRUARY 27, 2024

Lloyds Bank has become the first UK bank to join the WaveBL electronic trade documentation platform, in an effort to unlock new trade efficiencies and sustainability benefits for its clients by using electronic Bills of Lading (eBLs) and ditching paper forms. Bills of Lading are important documents in international trade which are issued by a carrier when a seller dispatches goods to an end customer – with the document essentially acting as a receipt for the goods being shipped.

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On-Demand SWIFT Legal Transactions 105

Payments Dive

FEBRUARY 27, 2024

The senator urged regulators to block the deal and took the OCC to task for its approval record. Meanwhile, JPMorgan CEO Jamie Dimon advocated for Capital One to get a fair shake.

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OCC Blocks Regulations 88

Fintech News

FEBRUARY 27, 2024

2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon. These negative developments likely influenced governments across the globe, because the following 12 months saw an extraordinary boom in crypto policy regulation in APAC countries.

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APACS Regulations Stablecoins Cryptocurrency 111

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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?

Use Case

The Fintech Times

FEBRUARY 27, 2024

The four years since the onset of the Covid pandemic have been marked by economic turbulence, with global markets grappling with unprecedented challenges. From supply chain disruptions to shifting consumer demands, the aftermath of the pandemic has ushered in a period of uncertainty and volatility, driving significant increases in the cost of living worldwide.

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Financial Inclusion Online and Mobile Banking Transactions Consumer 102

Fintech News

FEBRUARY 27, 2024

Amazon Pay has been granted a payment aggregator (PA) license by the Reserve Bank of India (RBI), marking a pivotal milestone for the digital payments arm of the e-commerce firm, Amazon India. This approval by RBI is not the first for Amazon Pay in India, having secured a prepaid payment instrument (PPI) license previously, enabling it to facilitate a broad spectrum of digital and UPI payments for consumers.

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Payments Facilitators Digital Payments Security 108

TechCrunch Fintech

FEBRUARY 27, 2024

For obvious reasons, financial teams can spend a great deal of time on corporate treasury management, accounting and bank reconciliation, so anything that speeds up that process usually garners a lot of interest. Today Embat, a Spanish fintech which does what they call “real-time treasury management”, has closed a financing round of $16 million Series […] © 2024 TechCrunch.

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Treasury Management Accounts Treasury Reconciliation 94

Fintech News

FEBRUARY 27, 2024

Singapore-based fintech startup Fluid has announced a US$5.2 million Series A funding round led by Insignia Ventures Partners to expand its flexible financing for business-to-business (B2B) purchase solution, as reported by The Business Times. This latest financial injection brings Fluid’s total funding to US$7 million, when combined with a previous seed round of US$1.8 million supported by Iterative and New Stack Ventures.

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FinTech Reconciliation B2B Assessments 105

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

Payments Dive

FEBRUARY 27, 2024

Erik Hoag, a long-time FIS executive who stepped down from the CFO seat in August after just one year, was named chief integration officer.

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Fintech News

FEBRUARY 27, 2024

OCBC Bank has established a new division named Group Strategy, Innovation, and Sustainability. The division aims to anchor the bank’s strategic direction, fostering innovation and sustainability efforts. The new division, set to commence on 22 April 2024, will play a crucial role in identifying and developing new business opportunities while integrating sustainability practices into the bank’s operations.

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Innovation FinTech Posting 103

Bank Automation

FEBRUARY 27, 2024

LONDON — ING Bank saw increased adoption of its video-based customer service options in 2023, specifically for mortgage applications. “Almost 50% of customers use digital channels for purchasing banking products,” Lukasz Parzyk, expert lead at ING, said at FinovateEurope 2024 today.

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Product 78

Fintech News

FEBRUARY 27, 2024

Citibank Singapore has expanded its footprint in the country with the opening of two new wealth advisory centers, marking the bank’s enhanced commitment to the island-state as a crucial hub for its wealth management operations. The inauguration of the center at One Holland Village by Andy Sieg, Citi’s Global Head of Wealth, follows the earlier opening of the Parkway Parade center, which began operations on 18 December 2023.

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Consulting Continuity FinTech Posting 102

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

Bank Automation

FEBRUARY 27, 2024

Subprime lender Arivo Acceptance Chief Executive Landon Starr will continue to embrace technology while making structural adjustments to the company’s operations in his new role. Starr aims to create a structure that facilitates “more empathy, collaboration and integration of technology,” he told Auto Finance News, a sister publication to Bank Automation News.

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AI Adjustments Facilitators Automation 78

Fintech News

FEBRUARY 27, 2024

Global neobank Revolut has expanded its services by launching the “Mobile Wallets” feature in Singapore, enabling customers to transfer money directly to Bangladesh and Kenya. Revolut plans to unveil additional wallet routes in the near future. This feature was first made available to Revolut’s users in the UK and most European countries (EEA) in January this year.

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IBAN Cross-Border SWIFT Addressing 101

Bank Automation

FEBRUARY 27, 2024

Artificial intelligence is likely to replace or at least lend a hand in tasks that take up almost three-quarters of the time bank employees now spend working. That’s the conclusion of a new analysis by consultancy Accenture, which said banking has the potential to benefit more from the technology than any other industry.

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AI Consulting Technology 75

Fintech News

FEBRUARY 27, 2024

Singapore’s fintech startup, Qapita , has raised US$17.2 million in a funding round believed to be pre-Series B, adding to the US$22.68 million secured in 2020 and 2021. This latest financial infusion saw contributions from a mix of existing investors. Leading the investment charge were East Ventures, MassMutual Ventures Southeast Asia, and Cercano Management, each committing US$3 million to the funding round.

FinTech 100

FinTech Security Finance Transactions 100

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

Finextra

FEBRUARY 27, 2024

In the rapidly evolving fintech world, robust, reliable, and resilient systems are more crucial than ever. The industry must grapple not just with the challenges of instant payments and external cyber threats, but also with the advent of new players, running on varied infrastructures and offering unprecedented uptime levels. DORA, introduced by the European Union, provides a dedicated framework.

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Instant Payments FinTech Payments 76

Fintech News

FEBRUARY 27, 2024

audax Financial Technology, backed by Standard Chartered, and Thought Machine, a cloud-native banking technology company, have announced a strategic partnership aimed at reshaping the banking technology arena. The partnership is set to deliver digital banking and Banking-as-a-Service (BaaS) solutions designed to meet the growing consumer demands efficiently and cost-effectively.

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Facilitators On-Demand Use Case API 94

Chargebee

FEBRUARY 27, 2024

The remarkable growth of the global subscription and recurring billing management market, expected to escalate from $5.9 billion in 2021 to $14.5 billion by 2027, underscores the increasing preference for subscription services over one-time purchases among consumers worldwide. This surge necessitates the deployment of a robust payment processing system to harness the full potential of subscription models.

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Payment Gateways Gateways Payments Addressing 76

The Fintech Times

FEBRUARY 27, 2024

Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Having looked at some of the biggest technologies to impact the payments world, like buy now pay later (BNPL) and central bank digital currencies (CBDCs) , we now look to the future and what the next trend may be.

Consumer Protection 69

Consumer Protection Stablecoins Payments Trends Consumer 69

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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.

AI

Finovate

FEBRUARY 27, 2024

If you have your ear to the ground in the payments space, you have probably heard that pay-by-bank is the latest craze. Operating in the account-to-account (A2A) payments space since 2008, Dwolla is launching a new offering that echoes that trend. To bring its A2A payments offering into the new era, the Iowa-based fintech announced the launch of Open Banking Services today.

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Payment APIs and Integration RTP Verification API 64

The Fintech Times

FEBRUARY 27, 2024

Although many have labelled 2023 as a down year for fintech, not all fintechs experienced this – case and point: Bitget. The cryptocurrency exchange and web3 company has shared that its spot trading volume surged to $81.6billion, marking a 94 per cent increase despite market turbulence. In South Asia, the firm witnessed a 540 per cent increase in spot trading volume in Q4 2023, marking a significant rise from previous figures.

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Volume Blockchain Compliance Cryptocurrency 64

Fintech Finance

FEBRUARY 27, 2024

Klarna today announced its AI assistant powered by OpenAI. Now live globally for 1 month, the numbers speak for themselves: The AI assistant has had 2.3 million conversations, two-thirds of Klarna’s customer service chats It is doing the equivalent work of 700 full-time agents It is on par with human agents in regard to customer satisfaction score It is more accurate in errand resolution, leading to a 25% drop in repeat inquiries Customers now resolve their errands in less than 2 mins comp

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AI Returns Disputes SWIFT 59

The Fintech Times

FEBRUARY 27, 2024

The Fintech Times Bi-Weekly News Roundup on Tuesday 27 February 2024 brings you the latest updates from the global fintech industry. Appointments Tokenbridge, a token aggregator and distribution platform, appoints Kim Toker as the chair of the firm’s EMEA advisory board. She is the co-founder and former chief operating officer of Clara Pension.

FinTech 64

FinTech Contactless Payments On-Demand Innovation 64

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Payments