Finovate

SEPTEMBER 10, 2024

After two days of live demos from more than 65 fintech companies, the attendees of FinovateFall 2024 have made their decisions as to which of these innovators will take home Finovate’s coveted Best of Show awards. Featuring both Finovate newcomers and Finovate veterans alike, the winners of Best of Show for FinovateFall 2024 are listed below. Bancography for its technology that predicates branch investments on sound market data, not intuition, preventing costly missteps and ensuring optimi

Deepfake 111

Deepfake Innovation Advisors Risk Management 111

Payments Dive

SEPTEMBER 10, 2024

American Express eschews preset spending limits and instead relies on credit scores and spending history to manage risk, a company executive explained at a conference last week.

Risk 97

Risk 97

National Processing

SEPTEMBER 10, 2024

National Processing Is Apple Pay Safe for Businesses? How It Protects Against Skimmers and Credit Card Fraud Apple Pay’s platform was first introduced in 2014 with the release of the iPhone 6. Since then, the platform has grown to more than 65 million people. When not accounting for auto sales, 51% of all merchants accept Apple Pay. The main question from a user or retailer perspective remains the same: is Apply Pay […] The post Is Apple Pay Safe for Businesses?

Credit Cards 88

Credit Cards Process Accounts Posting 88

The Payments Association

SEPTEMBER 10, 2024

Central bank digital currencies (CBDCs) are exciting many in the digital assets world, but what can these mean for those who are less engaged and on the fringes of financial services altogether?

Financial Inclusion 88

Financial Inclusion Digital Currency Central Bank 88

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

Fintech News

SEPTEMBER 10, 2024

DBS Group Holdings is in early discussions to expand its insurance offerings in India and Taiwan through new bancassurance partnerships, according to people with knowledge of the matter. The Singapore-based lender has turned to Goldman Sachs for advisory support in seeking potential insurance partners in these regions, sources told Bloomberg. These deals, common in the banking sector, typically allow an insurer to gain exclusive distribution rights to sell products through a bank’s branch networ

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Agreements Product Transactions FinTech 112

The Payments Association

SEPTEMBER 10, 2024

Trust frameworks are the cornerstone of a secure and competitive open finance ecosystem, ensuring safe data sharing and fostering innovation across the financial services landscape.

Finance 88

Finance Innovation Security 88

The Payments Association

SEPTEMBER 10, 2024

As the cross-border payments industry contends with de-banking and stringent regulations, can emerging technologies and alternative solutions pave the way for a more efficient and accessible global payments landscape?

Cross-Border Payments 88

Cross-Border Payments Cross-Border Innovation Payments 88

Fintech News

SEPTEMBER 10, 2024

A new report by Deloitte delves into the latest developments in the cross-border payment sector in Asia-Pacific (APAC), identifying four major trends reshaping the landscape and offering significant opportunities for merchants. These trends reflect the growing integration of digital payment systems, the rise of digital wallet solutions, and advancements in payment infrastructure.

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Cross-Border Payments Cross-Border APACS Interoperability 106

The Payments Association

SEPTEMBER 10, 2024

The Financial Crime 360 survey reveals how the industry is tackling evolving threats like AI-driven fraud, emphasising the need for collaboration, innovation, and updated regulations to effectively combat financial crime in 2024.

Financial Crimes 88

Financial Crimes Crime AI Regulations 88

Fintech News

SEPTEMBER 10, 2024

Genesis Alternative Ventures has raised US$125 million for its second venture debt fund, aimed at supporting Southeast Asian startups. The fund attracted strong interest from existing and new investors, including Japan’s Mizuho Bank and global investment platform OurCrowd. Returning investors from the first fund include Aozora Bank, Korea Development Bank, Mizuho Leasing, Sassoon Investment Corporation, and Silverhorn.

APACS 106

APACS Returns FinTech Continuity 106

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

The Payments Association

SEPTEMBER 10, 2024

As the threat of quantum computing looms, how can the payments industry safeguard against the quantum decryption capabilities that could undermine global financial security?

Payments 88

Payments Security Financial Crimes Crime 88

Fintech Finance

SEPTEMBER 10, 2024

New research from RedCompass Labs , a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility. The report, AI in payments: The future of payments modernization?

Instant Payments 111

Instant Payments AI ISO 20022 Payments 111

The Payments Association

SEPTEMBER 10, 2024

Firms throughout the payments world have set net zero targets and put decarbonisation at the centre of new sustainability strategies. But what is actually being done?

Payments 88

Payments 88

FloQast

SEPTEMBER 10, 2024

As someone who has deeply involved in the field of what is collectively referred to as “generative AI,” I don’t feel the need to start off this post by acknowledging its buzzword status, potential existential impact, or my utter disdain for “hallucinations,” which my co-founder, Mike, correctly pointed out as “…fancy branding for ‘it’s just wrong.

AI 94

AI Accounts Audit Compromise 94

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

SEPTEMBER 10, 2024

Barclays Bank has joined with major US and EU financial institutions in a $26 million funding round for syndicated loan platform Versana.

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Payments Dive

SEPTEMBER 10, 2024

The digital payments pioneer is leaning on cashback rewards to attract more consumer use in stores, and will also tap near-field technology to expand.

PayPal 88

PayPal Digital Payments Consumer Technology 88

Basis Theory

SEPTEMBER 10, 2024

What a Stripe merchant should do to prepare for—or respond to—being potentially shut down or placed on a restricted list for review.

Risk 88

Risk Compliance Payments 88

Fintech Finance

SEPTEMBER 10, 2024

DNA Payments has introduced Apple Pay Express Checkout, giving Ecommerce clients a new way to accept customer payments. Now, merchants can offer Apple Pay at checkout or via the Express option through the Safari browser, ensuring consumers a swift and seamless buying experience. Apple Pay Express Checkout has fast become the primary method of payment for millions of users, letting them pay directly via the iPhone, tablet, laptop, or desktop browser. 69% of mobile payments users in the UK are usi

Payments 98

Payments SWIFT Mobile Payments Addressing 98

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Fintech News

SEPTEMBER 10, 2024

Nium, a global player in real-time cross-border payments, has bolstered its executive leadership with the appointment of Andre Mancl as Chief Financial Officer and Philip Doyle as Chief Compliance Officer. Both will report to CEO Prajit Nanu and join the company’s Executive Committee. Mancl will oversee Nium’s financial strategies and global finance operations, aiming to drive efficiency and support the company’s growth.

Compliance 105

Compliance Finance Cross-Border Payments Cross-Border 105

Fintech Finance

SEPTEMBER 10, 2024

Accenture (NYSE: ACN) announced that it has invested in EMTECH , a global financial technology company that provides software-as-a-service platforms to help central banks streamline, connect and modernize their processes and operations. This investment, made through Accenture Ventures, will support EMTECH in its efforts to transform central banks’ financial and technology infrastructure and make it easier for central banks to regulate and supervise fintechs in an increasingly digital economy.

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Central Bank Digital Currency CBDC Financial Inclusion 98

Fintech News

SEPTEMBER 10, 2024

Singapore is scrutinising activities related to Worldcoin , a Sam Altman’s cryptocurrency project that utilises iris scans for user identification. The Monetary Authority of Singapore (MAS) has confirmed that Worldcoin itself does not fall under the purview of the Payment Services Act 2019. However, individuals engaged in the buying or selling of Worldcoin accounts and tokens as a business may be in violation of the Act.

Privacy 108

Privacy Money Laundering Authorization Breach 108

Finextra

SEPTEMBER 10, 2024

The term "digital transformation" has become a buzzword in the banking sector, its popula

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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.

Payments

Bank Automation

SEPTEMBER 10, 2024

NEW YORK — Poland-based Nest Bank is piloting its AI-driven chatbot solution N!Assistant to decrease contact center volume and improve customer satisfaction. The pilot of the Microsoft Open AI-driven chatbot has been live for five months and has yielded the following results, Janusz Mieloszyk, first deputy CEO and chief commercial officer at Nest Bank, […] The post Nest Bank’s gen AI chatbot fields 11K chat requests daily appeared first on Bank Automation News.

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AI Volume Automation Posting 81

Fintech Finance

SEPTEMBER 10, 2024

BKN301 Group , a London-based leading digital payments and Banking-as-a-Service (BaaS) provider with a focus in the EMEA region, unveiled its latest innovative payment solution, ‘301 Retail Account.’ The solution is a payment account that will support the rapidly evolving financial landscape and will cater to the unique needs of traditional banks, fintech companies, and neobanks.

Payment Solutions 98

Payment Solutions Accounts Payment APIs and Integration AML 98

Bank Automation

SEPTEMBER 10, 2024

As JPMorgan Chase leans into AI-driven products, Jameson Troutman, head of product for small business, is dedicated to innovating based on client need. To determine where to invest, Troutman consults the bank’s monthly survey of 500 small business owners to track their needs amid evolving market conditions, Troutman told Bank Automation News. Some of the […] The post 5 questions with … JPMorgan Chase Head of Product for Small Business Troutman appeared first on Bank Automation News.

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Small Business Product Consulting Automation 80

Fintech Finance

SEPTEMBER 10, 2024

Neonomics is pleased to announce the appointment of Panu Poutanen as their new Head of Growth and Interim Country Manager in Finland. Panu will focus on expanding large corporate commercial activities and growing Neonomics customer base across the Nordics, with specific focus on the Finnish market in the short term. Panu comes to Neonomics after playing a pivotal role as General Manager Finland for Viva.com, Europe´s first entirely cloud-based payment services provider, growing the team in Finla

Service Provider 97

Service Provider Innovation Product Finance 97

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Finextra

SEPTEMBER 10, 2024

The Financial Conduct Authority has filed its first crominal charges against an individual accused of unlawfully running multiple crypto ATMs without FCA registration.

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ATM Authorization 78

Fintech Finance

SEPTEMBER 10, 2024

UATP , the global payment network that enables organizations to simplify payment processes and expand their payment capabilities, has announced a new partnership with Klarna , the AI-powered global payments network. The partnership allows airlines to offer Klarna’s flexible payment services, including interest-free Buy Now Pay Later, providing customers with more flexible payment options for travel products and services.

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BNPL Payment Networks Credit Cards APACS 97

Finextra

SEPTEMBER 10, 2024

Americans lost more than $5.6 billion in cryptocurrency-related fraud scams in 2023, a 45% rise on the previous year, according to the FBI.

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FBI Scams Cryptocurrency 81

Fintech Finance

SEPTEMBER 10, 2024

Issuer processing powerhouse Enfuce today announces the expansion of its E2 card to the UK, France and Germany, in collaboration with Mastercard. Offering debit and credit PANs in one card, E2 bolsters the company’s track record of delivering cutting-edge products that benefit both card issuers and customers. The concept of a ‘combination card’ has become an industry standard in the Nordics, they are less prevalent across Europe.

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Credit Cards Visa Issuers Card Issuer 96

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.

Embedded Finance