Payments Dive
OCTOBER 30, 2024
A MoneyGram executive speaking at the Money 20/20 conference cooed about the trillion-dollar opportunity to lure cash users to digital options, but didn’t mention the company’s recent systemwide outage.
Fintech News
OCTOBER 30, 2024
OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. This approach aims to maximise returns on excess liquidity through reverse repurchase agreements (reverse repos) conducted on J.P. Morgan’s Digital Financing application, powered by the Onyx Digital Assets platform. OCBC is the first external counterparty with this reverse repo capability on the platform.
The Payments Association
OCTOBER 30, 2024
Compliance in payment communications is essential for trust and security; AI-driven solutions and customised frameworks help businesses meet regional regulations, ensuring secure global operations. In today’s hyper-connected world, where digital interactions dominate, businesses must navigate a landscape filled with regulations governing global communication.
Payments Dive
OCTOBER 30, 2024
The payments processor divested the unit as part of a plan to streamline the company’s business, and it’s targeting more sales, CEO Cameron Bready said.
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
Bank Automation
OCTOBER 30, 2024
Financial education, accessibility and overall inclusion has improved as technology has advanced in the past decade but many consumers remain unbanked or underbanked. The term “unbanked” refers to people who don’t use any financial institution; “underbanked” refers to those with insufficient access to financial services, according to Merriam-Webster.
Finezza
OCTOBER 30, 2024
As per a report, as of March 31, 2023, 2,623 borrowers classified as wilful defaulters in India owe Rs 1,96,049 crore to the banks in India. This highlights the inherent risks lenders face. Therefore, financial institutions (FIs) need robust credit risk management to minimise risk and boost returns and productivity. An early warning system can […] The post Proactive Credit Risk Management: Developing an Early Warning System appeared first on Finezza Blog.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
FloQast
OCTOBER 30, 2024
FloQast is making waves in the accounting world with the launch of our Accounting Transformation Platform. This isn’t just an upgrade — it’s a rethinking of how accounting teams can operate. With a suite of new products , including FloQast Journal Entry Management , FloQast AI Transaction Matching , and FloQast Consolidation , we’re setting the stage for a new era of efficiency and accuracy.
Fintech Finance
OCTOBER 30, 2024
The FTC’s new “click-to-cancel” rule, designed to simplify the process of ending subscriptions, has created a stir, putting additional pressure on subscription businesses to reassess their strategies. Payment processing platform Solidgate surveyed 1,000 adults and found that 1 in 4 had upsetting unexpected charges with their subscriptions and 80% wouldn’t recommend a subscription service to a friend if they had trouble canceling it, while 1 in 3 consumers cancelled a subs
Finextra
OCTOBER 30, 2024
Australia's ANZ is overhauling its business to create a new unified operations unit and a group-wide data and analytics function.
Payments Dive
OCTOBER 30, 2024
Visa CEO Ryan McInerney took a defiant stance Tuesday regarding the Justice Department’s lawsuit against the card network company.
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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?
Fintech Finance
OCTOBER 30, 2024
QUBE Events is pleased to announce the 19th NextGen Payments & RegTech Forum on 6-7 November at the Four Seasons Hotel in Limassol, Cyprus! This premier event will gather leading experts, industry innovators, and key decision-makers to explore the latest trends shaping the future of payments and regulatory technology. Attendees will gain invaluable insights into the latest advancements, engage in high-level discussions, and network with top professionals from around the globe.
Fintech News
OCTOBER 30, 2024
The Monetary Authority of Singapore (MAS) has announced the launch of the Global Finance & Technology Network (GFTN). The launch seeks to enhance Singapore’s position as a global fintech hub by fostering international collaboration and driving innovation in financial services. GFTN will replace the not-for-profit Elevandi initiative, which organised and globalised the Singapore Fintech Festival (SFF).
Fintech Finance
OCTOBER 30, 2024
Klarna , the AI-powered global payments network and shopping assistant has expanded their partnership with Worldpay , a global industry leading payment services provider, to enable thousands of new merchants to offer Klarna to their customers. Under the expanded partnership Klarna will become a network of choice, offered as a default payment method, to Worldpay’s merchants globally, alongside traditional card payments.
Finextra
OCTOBER 30, 2024
Standard Chartered has used Ant Internal's Whale blockchain platform to deliver settlement of HKD-denominated intra-group transactions between various ANT entitites.
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
Payments Dive
OCTOBER 30, 2024
Bank of America is responding to a Consumer Financial Protection Bureau inquiry related to the bank’s processing of electronic payments through Zelle, the lender disclosed in a regulatory filing.
Fintech Finance
OCTOBER 30, 2024
Stanbic Bank Kenya and Mastercard have partnered to introduce two new world class credit cards to the Bank’s affluent clients across the region. Categorized into the Stanbic World card and Stanbic World Elite card, the cards are designed to offer an elevated experience for affluent clients, with special benefits such as airport lounge access, global customer assistance services, concierge services, premium memberships and wide range discounts.
Payments Dive
OCTOBER 30, 2024
In addition to pulling back the curtain on integrating Fiserv acquisitions, Frank Bisignano offered predictions on plastic cards and AI at a conference Monday.
Fintech Finance
OCTOBER 30, 2024
Banco Santander , Lloyds Banking Group , and UBS have successfully completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS). This real-world proof-of-concept proves that Fnality can be used to make bilateral margin payments using the £FnPS, and marks the first instance of a fully regulated Distributed Ledger Technology (DLT)-based payment system being used to settle margin for the purposes of real-
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.
Finextra
OCTOBER 30, 2024
The Monetary Authority of Singapore has established The Global Finance & Technology Network (GFTN) a not-for-profit organisation to harness technology, pump-prime startups and foster innovation in the fintech ecosystem.
Fintech Finance
OCTOBER 30, 2024
Tuum , a next-generation core banking provider, is pleased to announce the appointment of David Abbott as Vice President, Payments Business Unit and Strategic Accounts. With over three decades of leadership experience in the global payments and financial services industry, Abbott will spearhead Tuum’s strategy to expand its payments offering and strengthen relationships with key strategic accounts globally.
Clearly Payments
OCTOBER 30, 2024
As Canadian businesses look to expand internationally, one crucial component of successful growth is handling cross-border payments smoothly and efficiently. Selling products and services internationally means facing new challenges, especially regarding payment processing, regulatory requirements, currency exchanges, and fraud prevention. In this article, we’ll cover what Canadian merchants need to know as they scale their businesses internationally to USA and beyond, with a focus on key consid
Fintech Finance
OCTOBER 30, 2024
Visa (NYSE: V), a world leader in digital payments, today announced a partnership with Coinbase , a trusted place to buy, sell, and manage crypto. This partnership adds convenience and new services for Coinbase customers across the US and EU, including real-time, reliable, and secure money movement. By integrating with the Visa Direct network, Coinbase customers will be able to deposit funds into their Coinbase account in real-time1 using eligible Visa debit cards.
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.
The Fintech Times
OCTOBER 30, 2024
e& UAE , the telecom arm of e&, has unveiled a suite of AI-powered solutions designed to support SMEs in partnership with tech giant Microsoft. Through the solutions, which include Microsoft 365, Dynamics 365, Azure, and AI Copilot, e& UAE and Microsoft are aiming to help equip SMEs with the capabilities required to boost productivity, elevate customer experiences, and drive sustainable growth. e& UAE says this initiative reflects its commitment to driving AI-led digital transfor
Fintech Finance
OCTOBER 30, 2024
Adyen , the global financial technology platform of choice for leading businesses, has officially enabled Tap to Pay on iPhone in five new regions: Sweden, Austria, Czech Republic, Ireland and Romania. The functionality allows businesses, such as Fresha , the world’s #1 booking platform, marketplace and payments system for beauty and wellness, to use an iPhone to accept contactless payments, without the need to purchase or manage additional hardware.
Finextra
OCTOBER 30, 2024
New trends in payments are emerging, with regulator-led innovations sparking 'coopetition' among governments, private companies, and big tech. In this FinextraTV interview, Thoughtworks' Head of Financial Services Practice Muralikrishnan Puthanveedu explains how these moves are creating a foundation for a thriving digital economy — advancing financial inclusion, consumer experience, and global prosperity.
Finovate
OCTOBER 30, 2024
Cloud banking platform nCino has agreed to acquire Client Lifecyle Intelligence platform FullCircl. The purchase price is $135 million, subject to customary adjustments. The acquisition comes a year after the two first forged a partnership in July 2023. Wilmington, North Carolina-based nCino made its Finovate debut at FinovateEurope 2017 in London. In a deal valued at $135 million, banking solutions provider nCino has agreed to acquire U.K.
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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.
The Fintech Times
OCTOBER 30, 2024
Earned wage access solution provider and worktech firm DailyPay is expanding the reach of its platforms with a new international remittance feature. Through its new International Remittances feature, DailyPay aims to enable users to send money to friends and family across the globe. DailyPay users will be able to easily access and transfer their earnings, enabling them to send funds globally in a single app, without needing to wait for a scheduled payday.
Finextra
OCTOBER 30, 2024
Libeara, a leading real-world asset (RWA) tokenisation platform backed by SC Ventures, Standard Chartered’s venture building and fintech investment arm, is proud to announce a strategic collaboration with FundBridge Capital, an established Singapore MAS regulated platform provider for fund managers, to introduce the Delta Wellington Ultra Short Treasury On-Chain Fund (“ULTRA Fund”).
The Paypers
OCTOBER 30, 2024
NVIDIA has announced the launch of its AI Workflow, a product that was developed in order to detect fraudulent credit card transactions.
Finextra
OCTOBER 30, 2024
Banking technology vendor nCino has struck a definitive agreement to acquire UK-based SaaS regtech platform FullCircl for $135 million in cash.
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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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