Payments Dive
DECEMBER 19, 2023
Beating back fraud can feel “a bit like a vicious circle,” as the industry improves its capabilities and fraudsters pivot, said Tina Eide, an executive vice president focused on fraud at the card issuer.
Fintech News
DECEMBER 19, 2023
The global fintech landscape is witnessing a staggering growth, fueled by booming consumer adoption, supportive regulatory efforts and technological advancements. Between 2015 and 2019, consumer adoption of digital money transfer and payment services grew from a mere 18% to an impressive 75%, findings from a Statista survey found. Insurtech, alternative lending and online savings and investment recorded similar spectacular growths, surging between 20 to 40 points during the period.
The Fintech Times
DECEMBER 19, 2023
Buy now, pay later (BNPL) services have become significant in the realm of short-term unsecured consumer finance, often tied to specific products and offering instalment repayments, without accruing interest. The BNPL transaction involves three key players: the consumer, the merchant, and the BNPL service provider. Despite the similarities with traditional credit products, there is an ongoing discussion about whether BNPL services should be subject to comparable regulatory measures.
The Payments Association
DECEMBER 19, 2023
The impact of late payments has been felt across the country, with SMEs reporting over a third (36%) of payments taken in an average month as late. London’s businesses have been revealed to be the hardest hit, with 41% of payments coming late.
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
Basis Theory
DECEMBER 19, 2023
What is a Universal Payment Vault? A payment vault is a storage facility where merchants securely manage customer payment details, and transmit them to payment partners to complete transactions. To make the payment vault universal , it must offer the option of transmitting those payment details to the payment provider of the merchant’s choice. This capability broadens the merchant's options for optimizing their payment processing system, increasing the likelihood they will successfully charge cu
Finovate
DECEMBER 19, 2023
Agency execution specialist Liquidnet has turned to investment technology company bondIT to give new tools to traders on its Fixed Income electronic trading platform. Liquidnet will leverage bondIT’s Scorable Credit Analytics to help traders better anticipate market trends. The technology will also help them mitigate credit risk and make more informed decisions quicker. “With this integration, our goal is to give access to crucial information to investment firms of all sizes,”
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finezza
DECEMBER 19, 2023
India is a young and developing economy with a population of more than 1.4 billion people. Until the last decade, the country grappled with various challenges across multiple fronts, hindering its overall progress. While most of the problems still exist, we focus on one particular area that deserves the limelight and widespread appreciation: India’s push […] The post Digital Lending Models Hurdle India Closer Toward Her Financial Inclusion Goals appeared first on Finezza Blog.
Fi911
DECEMBER 19, 2023
In finance, AI’s role is becoming increasingly pivotal, particularly in fraud prevention and management. As digital banking services grow in popularity, the unfortunate byproduct is a corresponding rise in fraud. This trend underscores the question: Can AI truly integrate into the financial sector effectively? The resounding answer is yes. The rapid evolution of technology and the escalating demand for online banking services have made machine learning (ML) an invaluable asset in preemptiv
NFCW
DECEMBER 19, 2023
Chinese visitors will soon be able to use digital yuan for “tourist spending” in Singapore as part of a pilot to test the use of China’s central bank digital currency (CBDC) for cross-border payments. The pilot will also enable Singaporeans to make purchases with digital yuan when they visit China, according to the Monetary Authority of Singapore (MAS).
Fintech News
DECEMBER 19, 2023
Digital brokerage Moomoo Financial Singapore has secured in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution License to offer digital payment token (DPT) services. This approval enables Moomoo Singapore to extend digital payment token services to both retail and institutional investors in the region, pending the acquisition of a full license.
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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?
The Fintech Times
DECEMBER 19, 2023
There are differing opinions and discussions surrounding the potential impact of artificial intelligence (AI) in the financial sector. Looking to reassure firms that AI can be used ethically and safely by organisations, we spoke to DeepOpinion. Earlier this year, BT , the telecoms giant, made headlines by announcing plans to potentially replace 55,000 roles with AI , sparking a debate across various industries, including fintech, about the implications of AI’s emergence.
Bank Automation
DECEMBER 19, 2023
Card payments network giant Discover Financial Services has named Michael Rhodes as chief executive and president. He is expected to take the helm of the company by March 6, according to a Discover release on Dec. 11.
The Fintech Times
DECEMBER 19, 2023
It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re pleased to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.
Finextra
DECEMBER 19, 2023
The UK's Payment Systems Regulator has confirmed plans to improve protections for victims of authorised push payments (APP) fraud will come into force in October 2024.
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
Bank Automation
DECEMBER 19, 2023
The digital wallet is on its way to becoming the focus of financial well-being for consumers, and financial institutions can lead the charge with AI on their side.
Finextra
DECEMBER 19, 2023
Financial regulators in the UK have agreed plans for a Phase 1 roll out of non-sweeping variable recurring payments (VRP) by the third quarter of 2024, in a significant boost to open banking.
Fintech Finance
DECEMBER 19, 2023
Fingerprint Cards AB (Fingerprints ) has been deeply involved in the development of the new generation of Thales Gemalto biometric payment card, which is ready for global volume mass deployment. The new Thales solution, which features Fingerprints’ T-Shape sensor (T2) and biometric payment software platform, offers users advanced transaction speed, improved power efficiency and enhanced security.
Finextra
DECEMBER 19, 2023
OPEN, a leading fintech that offers an all-in-one finance platform for SMEs to automate their finances, is glad to announce the successful receipt of the Payment Aggregator/Payment Gateway (PA/PG) license from the regulatory authority, Reserve Bank of India (RBI).
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.
The Fintech Times
DECEMBER 19, 2023
JCB International Co has extended its collaboration with global financial technology leader FIS and its merchant solutions business, Worldpay from FIS, to enable ‘JCB Contactless’ for its UK merchants – becoming the largest JCB contactless deployment in the UK to date. Currently, almost 20 per cent of Worldpay from FIS Point-of-Sale (POS) systems in the UK are now equipped to accept JCB contactless payments.
Finextra
DECEMBER 19, 2023
Fingerprint Cards AB (Fingerprints™) has been deeply involved in the development of the new generation of Thales Gemalto biometric payment card, which is ready for global volume mass deployment.
Fintech News
DECEMBER 19, 2023
Standard Chartered Singapore shared that its ‘SC Inner Circle’ initiative , launched in May, has successfully engaged over 10,000 clients. The initiative aims at incorporating direct client feedback into the development of their banking services, seeking to improve user experiences across the bank’s products and digital platforms. The SC Inner Circle represents a shift in the bank’s approach, prioritising client engagement in the evolution of banking services.
The Paypers
DECEMBER 19, 2023
UAE-based banking group Emirates NBD has partnered with growth enabler Hub71 to provide modern fintech solutions and advanced banking services to consumers.
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
DECEMBER 19, 2023
One of the most appealing areas for investment in the modern day is in real estate, however, finding a gateway into the real estate investing world can often be challenging. One organisation looking to bridge the gap to entry is Baytukum with its crowdfunding led approach. With benefits such as low-minimum investments, diversification, automatic investing, and creating saving habits, micro investing is a great first entry point into the world of investments for a complete beginner.
Finezza
DECEMBER 19, 2023
India is a young and developing economy with a population of more than 1.4 billion people. Until the last decade, the country grappled with various challenges across multiple fronts, hindering its overall progress. While most of the problems still exist, we focus on one particular area that deserves the limelight and widespread appreciation: India’s push […] The post Digital Lending Models Propel India Closer Toward Financial Inclusion Goals appeared first on Finezza Blog.
The Fintech Times
DECEMBER 19, 2023
Payments giant Visa is expanding its ‘Fintech Fast Track’ programme beyond card issuance to connect members to Visa’s real-time money movement platform, Visa Direct. The move comes as the digital payment leader recognises the possibilities created by embedding payment capabilities. By expanding Fintech Fast Track to include Visa Direct, fintechs can now launch programmes through their financial institutions to enable transfers to eligible cards, bank accounts, and wallets around the
Nanonets
DECEMBER 19, 2023
Introduction Since the internet became a commercial force in the mid-'90s, email has been a constant in our personal and business lives. With improved broadband and Wi-Fi, email has adapted, becoming more accessible. Crafting quality emails is crucial for business operations as it serves as a powerful marketing tool, facilitating quick communication with clients, suppliers, and staff.
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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
DECEMBER 19, 2023
It’s The Fintech Times Bi-Weekly News Roundup on Tuesday 19 December 2023. Partnerships Savings company SAVR has partnered with FNZ , the global wealth management platform, to elevate its digital investment platform for the Swedish market. SAVR will upgrade its current platform to FNZ’s scalable solution, enabling an expansion into investment products such as equities and ETFs.
Nanonets
DECEMBER 19, 2023
Introduction In the modern business landscape, Customer Relationship Management (CRM) platforms like Salesforce have become indispensable. Salesforce’s ability to integrate with popular email services such as Outlook and Gmail enhances its functionality, making it a powerful tool for businesses. This integration streamlines communication, ensures efficient data management, and augments customer engagement strategies.
Fintech Finance
DECEMBER 19, 2023
Corpay , a FLEETCOR® brand and global leader in business payments, is thrilled to announce the latest expansion of Corpay’s Cross-Border business with the opening of a new back-office support centre in Chennai, India. This move marks a significant milestone in the company’s ongoing global growth and strengthens its commitment to serving internal stakeholders.
Nanonets
DECEMBER 19, 2023
In today’s hyper-digital world, companies are shifting to e-sourcing with e sourcing tools designed for digital transformation in tactical and strategic sourcing. E sourcing software provides efficiency and other benefits, including better vendor selection, collaboration, and visibility into this element of e-procurement and business spending.
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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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