Mon.Aug 19, 2024

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Scotland FinTech Festival – Climate Roundtable Financial Technology Summit

Open Banking Excellence

22nd September 2024 Live Event Linkedin Twitter Youtube Climate Roundtable We are delighted to invite you to a Scotland Fintech Festival roundtable discussion at CodeBase, Edinburgh on the intersection of finance, fintech, and their impact on the customer and the climate journey. This event will bring together thought leaders and innovators to explore how these sectors can collaborate to create amplified value for customers while addressing critical climate challenges.

FinTech 130
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Mastercard to cut 1,000 employees in restructuring

Payments Dive

The card network is shrinking its workforce as it restructures the company to focus more resources on some international markets.

Visa 167
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Gen AI reduces agent response time by 70% at Discover

Bank Automation

Discover Financial Services is tapping generative AI to speed up call center agent response and strengthen client experience. Using Google Cloud’s AI platform, Vertex AI, Discover has reduced response times for call center agents by 70%, Szabolcs Paldy, senior vice president of enterprise operations at Discover, told Bank Automation News.

AI 130
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Visa-Mastercard settlement claims deadline postponed

Payments Dive

Merchants seeking a piece of the $5.5 billion settlement now have until February 2025 to file claims, a federal judge overseeing the class action said.

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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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Cambodia Launches Bakong Tourists App for Seamless Visitor Payments

Fintech News

The National Bank of Cambodia has introduced the Bakong Tourists app, designed to simplify payments for international visitors. Launched on 19 August 2024 in Siem Reap, the app allows tourists to make payments at over 3.3 million retail merchants across Cambodia using their mobile devices. By downloading the app and registering with an email, tourists can top up their accounts and use the KHQR code to pay for goods and services, reducing the need for cash and ensuring a seamless experience durin

Payments 115
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The forgotten threat: In an automated world, check fraud still thrives

Payments Dive

Electronic payments have become the norm for most B2B transactions. Oddly enough, that has been accompanied by a rise in check fraud. Here's what businesses need to know.

Checks 117

More Trending

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Adyen collects more US customers

Payments Dive

The Dutch payments service provider is gaining traction in the U.S. market as it adds to its client roster, including big U.S. retail names such as Crate & Barrel.

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Inside Brazil’s Fintech Revolution – How Pix is Pointing the Way Forward for Global Fintech

Payments Next

By Ralf Germer, Co-CEO & Co-founder, PagBrasil Four years ago, the Central Bank of Brazil introduced an instant payment system called Pix, enabling transactions The post Inside Brazil’s Fintech Revolution – How Pix is Pointing the Way Forward for Global Fintech first appeared on Payments NEXT.

FinTech 88
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Stax Payments Appoints Valentin Neiconi as Chief Risk Officer

Stax

Risk and fraud executive brings over a decade of experience to elevate processes to drive more frictionless experience for merchants and partners. Stay Payments , a leading payment technology provider, has appointed Valentin Neiconi as Chief Risk Officer. Neiconi brings more than 15 years of experience in risk and fraud management leadership to his new role, with a deep background in developing fraud risk solutions, risk data collection and analysis, and compliance.

Risk 88
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Overcoming gender barriers in fintech leadership

The Payments Association

In an illuminating interview, Anastasija Tenca, Chief Operations Officer at Noda, discusses the challenges and barriers that women face in the fintech sector. Despite being a predominantly male-dominated field, Anastasija shares her experiences of overcoming stereotypes and discrimination through resilience and mentorship. She emphasizes the importance of gender equality initiatives, such as those implemented at Noda where the leadership team maintains a balanced gender representation.

FinTech 88
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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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Why is Southeast Asia’s Largest Bank Making a Play in Crypto-Assets?

Fintech News

There has been fresh investor interest in digital assets in recent times, thanks largely to supportive regulatory action. The approval of Bitcoin Spot Exchange Traded Funds (ETFs) by the US Securities and Exchange Commission earlier this year for one, has boosted sentiment while across the globe, governments are actively working towards spelling out new rules for this asset class, suggesting much potential for further growth and development.

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Institutional custody considerations and challenges

The Payments Association

Choosing the right custody solution is vital for institutions to securely navigate the evolving digital asset landscape and future-proof their financial operations.

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Apple Builds on NFC Accessibility With Secure Element Launch for Developers

The Fintech Times

In mid-July, Apple announced that it would be releasing its NFC chip to its rivals following pressure from the EU and its case against Apple, accusing the tech giant of monopolising the payments and technologies markets. In keeping with the agreed outcome, Apple is now enabling developers to offer in-app NFC transactions using Apple’s Secure Element.

Security 100
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Welcome to the Newest Associate Participating Organizations

PCI Security Standards

We are pleased to welcome the newest organizations that have joined as Associate Participating Organizations of the PCI Security Standards Council (PCI SSC). These organizations play a crucial role in supporting the evolution of the PCI security standards and programs and promoting the implementation of PCI security standards worldwide to protect payment data.

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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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Singapore, Hong Kong Police, INTERPOL Bust Scam Syndicate After S$17.9M in Losses

Fintech News

A transnational money laundering syndicate operating in Hong Kong has been dismantled through a collaborative effort between the Singapore Police Force (SPF) , Hong Kong Police Force (HKPF), and INTERPOL. The syndicate was responsible for laundering proceeds from scams, including technical support scams in Singapore and other fraudulent activities in Hong Kong.

Scams 114
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Catharina Eklof Appointed as CEO of IDEX Biometrics

Fintech Finance

IDEX Biometrics has appointed Catharina Eklof as the new Chief Executive Office (CEO), effective as of today. Catharina Eklof has for the last three years served as Chief Commercial Officer for IDEX Biometrics and has been instrumental in the transformation from a component provider to a full biometric solution company. Catharina brings global experience in business transformation and has been driving profitable growth initiatives and led commercialization of new technology solutions across indu

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Trust Bank Launches Two New Flexible Loan Options

Fintech News

Singapore’s digital bank Trust has expanded its range of financial products with the launch of two new loan offerings, Split Purchase and Balance Transfer. Both Split Purchase and Balance Transfer offer interest-free options with a small and transparent fee. The Split Purchase offering enables customers to spread payments for completed credit card transactions over 3, 6, or 12 months.

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Industry-first ‘The Payments Directory’ Launches as the Go-To Platform for Businesses Seeking Transparent and Tailored Financial Solutions Without the Need for a Broker

Fintech Finance

In a move that’s set to shake up the financial services industry, Merchant Advice Service has launched The Payments Directory; a first-of-its-kind, solution-led approach that will empower businesses to secure their next best merchant account, unbiased and with unmatched transparency, developed with input from experts who have previously worked on the development of MoneySuperMarket.

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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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Bitwise makes European play with ETC Group acquisition

Finextra

US crypto index fund manager Bitwise Asset Management has expanded into Europe through the acquisition of London-based crypto exchange-traded product issuer ETC Group. Financial terms were not disclosed.

Issuers 75
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Interac Survey Shows Gen Z Is Driving a Surge in Mobile Spending

Fintech Finance

How would you like to pay? Seven in 10 Gen Z Canadian adults (69 per cent) have embraced the mobile wallet, and six in 10 (63 per cent) prefer to leave their physical wallet at home for short trips, according to a recent survey commissioned by Interac Corp. (Interac). Gen Z’s use of mobile wallets outpaces all other generations including Millennials (60 per cent), Gen X (44 per cent), Boomers (27 per cent) and the Silent Generation (10 per cent).

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The Fintech Landscape of Hong Kong in 2024

The Fintech Times

A port city that transformed into a major global hub, Hong Kong has a long history that has solidified its status as one of the most important financial centres in the world. Since China took Hong Kong back from the British during the 1997 handover, the uniqueness of the Hong Kong Special Administrative Region (SAR) meant that under the ‘one country two systems’ policy, it continues to thrive thanks to its own strengths.

FinTech 72
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WSPN raises USD 30 mln to build next-gen stablecoin network

The Paypers

Worldwide Stablecoin Payment Network (WSPN) has secured USD 30 million in seed funding to to redefine the future of digital payments with Stablecoin 2.0.

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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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Bybit Lands in Argentina With VASP and Card Operator Approval

The Fintech Times

Argentina is making headway in its journey to become a crypto-friendly and progressive country. In April 2024, the country reviewed the legal framework for virtual assets declaring that providers must register and comply with the duty to report to authorities. Looking to do so, and in turn, advance the development of cryptocurrencies in the country, Bybit , the crypto exchange, has expanded into Argentina.

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Circle introduces USDC contactless payments on iPhones

The Paypers

Fintech company Circle , the issuer of the USDC stablecoin, has set out to introduce a feature that will enable contactless payments using USDC on iPhones.

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Contactless Payments on the Rise, But so is Credit Card Debt, UK Finance Warns

The Fintech Times

As consumers in the UK and beyond continue to turn to credit and debit cards as their first payment method, more and more also find themselves in debt, according to new findings. The data comes from UK Finance , the collective voice for the banking and finance industry, which has released insights into card spending in the UK. It found that there were 2.21 billion credit and debit card transactions in May in the UK, 2.2 per cent more than in the previous year, showing that the most popular payme

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B2B emerging markets payment platform Waza comes out of stealth with $8 million funding

Finextra

Waza, a payment and liquidity platform for emerging market businesses, has secured $8 million in equity and debt funding to make it easier for African businesses, traders, and other large organisations to manage and pay their suppliers globally.

B2B 64
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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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Chaos Labs secures USD 55 million to upgrade Defi risk management

The Paypers

Chaos Labs has secured USD 55 million in a Series A funding round to upgrade its on-chain risk management platform for decentralized finance (DeFi).

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From AI to Wealth Management: The Themes of FinovateFall 2024

Finovate

What themes will dominate the conversation at FinovateFall next month in New York (September 9-11)? Many of the popular themes in recent years still endure. The customer is still king. Data and personalization matter. And payments, in the words of one clever panelist many Finovates ago, continues to be the “gift that keeps on giving.” But in some ways these issues have been, if not eclipsed, then perhaps subsumed by enabling technologies like AI, machine learning, and what I call 

AI 59
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Lessn Integrates Payment Services From Limepay to Scale Accounts Payable Business

The Fintech Times

Bill payments technology provider, Lessn , is set to integrate payment services on its accounts payable solution, in partnership with Limepay , an acquiree company of integrated business platform, Spenda. Lessn revealed it will integrate white-labelled payment technology from Limepay to scale its accounts payable business, expand its capabilities and reach new markets.

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SigFig Brings AI to its Financial Advisor Collaboration Platform Engage

Finovate

Wealth management solutions and technology company SigFig has added a number of new capabilities to its financial advisor collaboration platform, Engage. The new capabilities include a range of AI-powered tools and solutions to enhance client engagement and boost efficiency for advisors and their teams. San Francisco-based SigFig has been a Finovate alum since its FinovateFall debut in 2011.

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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.