Tue.Sep 10, 2024

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FinovateFall 2024 Best of Show Winners Announced

Finovate

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

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Amex taps troves of customer data

Payments Dive

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.

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Is Apple Pay Safe for Businesses? How It Protects Against Skimmers and Credit Card Fraud

National Processing

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?

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payabl. launches Payment Accounts to streamline financial operations for businesses

The Payments Association

payabl., a leading European financial services provider, announced the launch of its Payment Accounts, a cloud-based, API-first solution designed to help businesses of all sizes manage their day-to-day payment needs within a single easy-to-use platform.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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DBS in Early Talks for Insurance Collaborations in India, Taiwan

Fintech News

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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Improving financial inclusion with CBDCs

The Payments Association

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?

More Trending

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The role of trust frameworks in enabling an open finance ecosystem

The Payments Association

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.

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Arta Finance’s AI-Powered Wealth Platform Secures Funding from EDBI

Fintech News

Arta Finance, a fintech firm serving as an investment advisor, announced it has secured funding from EDBI , the investment arm of the Singapore Economic Development Board. The investment will support the expansion of Arta Finance ‘s digital wealth platform in Singapore and internationally. Founded by former Google executives and based in both the US and Singapore, Arta Finance aims to provide broader access to financial tools and products typically available only to the ultra-wealthy.

AI 109
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Overcoming the de-banking dilemma: Innovating the future of cross-border payments

The Payments Association

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?

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Key Trends Shaping Cross-Border Payments in APAC

Fintech News

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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15 Modern Use Cases for Enterprise Business Intelligence

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?

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Financial crime exposed: Navigating 2024’s biggest threats and industry insights

The Payments Association

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.

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Genesis’ Second Venture Debt Fund Hits US$125 Million

Fintech News

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.

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Preparing for Q-Day: Making payments quantum-safe

The Payments Association

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

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AI in Accounting: Charting a New Course Forward

FloQast

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.

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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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Making payments decarbonisation a reality

The Payments Association

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?

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Barclays joins $26 million round in syndicated loan platform Versana

Finextra

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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DNA Payments Launches Apple Pay Express Checkout for Ecommerce

Fintech Finance

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

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PayPal CEO sets out vision for PayPal Everywhere with NFC

NFCW

Apple NFC: “Where it’s available, we will move quickly to be able to offer it.” PayPal will “quickly” take advantage of Apple’s opening up of access to the iPhone’s NFC capabilities as part of its new omnichannel payments strategy, President and CEO Alex Chriss has revealed. “We’ll start with one country in Europe, likely this fall, and then continue to expand over time.

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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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PayPal seeks to attract users offline

Payments Dive

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.

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Why High-Risk Stripe Merchants are Being Shut Down

Basis Theory

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
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Accenture Invests in EMTECH to Modernize Central Bank Operations

Fintech Finance

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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Nium Appoints Finance and Compliance Chiefs to Executive Team

Fintech News

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.

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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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Wise Platform Joins AbbeyCross ABX Platform to Bring Greater Connectivity to Global FX Payments

Fintech Finance

AbbeyCros s, the platform focused on improving connectivity and access in global FX payments announced today that Wise Platform , Wise’s global payments infrastructure for banks and global enterprises, has joined the ABX Platform as its newest payment partner. Wise Platform provides banks, financial institutions and global enterprises around the world with the capabilities, technology and network to enable fast, secure and cost-effective international payments for their customers.

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Sam Altman’s Crypto Project Worldcoin Faces Scrutiny in Singapore

Fintech News

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.

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BKN301 Launches New Payment Solution ‘301 Retail Account’ to Empower EMEA Region’s Financial Landscape

Fintech Finance

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.

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Digital Transformation in Banking: Get Rid of Illusory Expectations to Avoid Failure

Finextra

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

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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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Neonomics Strengthens Team With Addition of Panu Poutanen as New Head of Growth

Fintech Finance

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

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Nest Bank’s gen AI chatbot fields 11K chat requests daily

Bank Automation

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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Klarna Partners with UATP to Tap the $1 Trillion Air Travel Industry

Fintech Finance

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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5 questions with … JPMorgan Chase Head of Product for Small Business Troutman

Bank Automation

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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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.