Mon.Jun 24, 2024

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Why a Visa-Mastercard settlement is likely to fall short

Payments Dive

The persistence of the networks’ ‘honor all cards’ rule may be a key reason Judge Margo Brodie is unlikely to approve a negotiated resolution of the two-decade-old case brought by merchants.

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Chase is the first bank in all lower 48 US states, what next?

Finextra

Andrea Principe, managing director – Northeast division director – consumer banking, Chase, took to the stage at Future Branches in Boston to explore how while the banking industry faces challenges in sustaining core deposits, deepening customer trust, and building relationships, it is important to learn from failures, reengage with customers, and provide exceptional in-person experiences.

Consumer 120
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Affirm may see payment volume bump from Apple Pay: Mizuho report

Payments Dive

The partnership is estimated to represent a $12 billion opportunity for buy now, pay later provider Affirm, according to an analyst note last week.

Volume 148
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Samsung Next Invests in Curve’s Differentiated Payment Features that Accelerate Digital Wallet Adoption

Fintech Finance

Curve , the leading digital wallet, today announced a strategic investment by Samsung Next. This new investment takes Curve’s total raised funds to over $250 million and will be used to further enhance its products and offerings to financial consumers. With digital wallets expected to comprise half of all e-commerce spending in the UK, worth an estimated £203.5 billion by 2027, competition in the digital wallet market is intensifying.

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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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Vertical software platforms are closing the financing gap for SMBs

Payments Dive

Discover how vertical software platforms are stepping in to fulfill the financing needs of SMBs.

Finance 158
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Open banking: Transforming user experience in financial services

The Payments Association

Enhancing UX with Open Banking Open banking is revolutionizing user experience (UX) by enabling secure data sharing between banks and third-party providers, improving transaction simplicity and integration. Noda harnesses this technology to enhance UX, with a focus on streamlined processes and personalized services. The Future: Open Finance The transition from open banking to open finance promises to broaden data sharing and provide even more customized and integrated financial management soluti

Finance 88

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Lune: Artificial Intelligence Key to Unlocking Financial Inclusion

The Fintech Times

Financial inclusion is a critical issue, but simply providing access to financial products isn’t enough. True inclusion requires financial literacy, empowering individuals to make informed decisions. Helal Lootah, co-founder and co-CEO of Lune Technologies, a Dubai-based data company that develops financial data analytics solutions for the MENA banking, financial services, and insurance industry, explores the challenges and opportunities of AI in financial inclusion, using the UAE as an ex

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Bank Negara Indonesia Enhances Offerings with Cloudera’s Generative AI

Fintech News

Bank Negara Indonesia (BNI), an Indonesian state-owned commercial bank, has partnered with Cloudera to leverage generative artificial intelligence (Gen AI) for advancing its banking services. This move positions BNI among the first global enterprises to trial Cloudera’s AI Inference service, powered by NVIDIA NIM. This collaboration aims to enhance BNI’s customer experience and operational efficiency through AI-driven innovation.

AI 111
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Swedish banks in race to build new technical infrastructure for Bankgirot to meet EU regulations

Finextra

The Swedish Financial Supervisory Authority (SFSA) has issued an injunction to SEB and the other Swedish owner banks of Bankgirot to ensure they fulfill the requirements of the EU’s Wire Transfer Regulation (WTR) before 31 December 2026.

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Should Brands Use a Storefront as an Order Management System (OMS)?

DeckCommerce

In the quest for an effective order management solution, one of the most common questions retailers ask is “should I use my storefront for order management?”. Their storefront is already in place, so it logically makes sense for them to consider using it to process orders, right? Well, that depends.

Process 98
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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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Atome Financial Secures Up to US$100 Million Debt Facility

Fintech News

Atome Financial, a digital financial technology platform in Southeast Asia and part of Advance Intelligence Group, has secured a three-year debt facility from EvolutionX Debt Capital. This marks EvolutionX Debt Capital’s first fintech investment in Southeast Asia and includes an ‘accordion feature,’ allowing the facility to potentially increase up to US$100 million based on company needs and additional investor participation.

Security 104
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Pyypl Announces Visa Principal Membership and Trademark Licence

Fintech Finance

Pyypl (pronounced “People”) – a pioneering fintech company in the Middle East and Africa (MEA) – announces Visa Principal Licence Membership and strategic framework agreement. The partnership with Visa is a testament to Pyypl’s mission to democratise access to financial services, its innovative business model and the large market opportunity – as well as highlighting Visa’s trust in Pyypl to accelerate financial inclusion.

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Fed extends public comment period for expansion of payment services

Payments Dive

The Federal Reserve said last week that it will give the public two more months to comment on its plan to expand operating hours for its two large-value payments services, the Fedwire Funds Service and the National Settlement Service.

FedWire 78
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Mama Money Partners with Access Bank and Paymentology to Launch New WhatsApp-Powered Bank Card

Fintech Finance

Paymentology the leading next-gen global issuer-processor, today announces its partnership with Mama Money , one of Africa’s leading cross-border money transfer operators, and Access Bank , to launch new WhatsApp-powered bank card that stands out for its innovative use of WhatsApp banking. Through its integration with WhatsApp, the Mama Money Card allows you to transfer payments internationally, buy electricity and airtime, download bank statements, check your balance and manage your account usi

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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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An optimal payment experience is the new essential for billers

Payments Dive

Businesses that rely on recurring billing with legacy payment processes may be missing a crucial opportunity to generate return business.

Returns 88
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Alipay+ Partner E-Wallets Transactions in Germany Rose by 67% One Week into UEFA EURO 2024

Fintech Finance

As international football fans travel to Germany for UEFA EURO 2024, Alipay+ announced that transactions in the country have increased by over two-thirds (67%) during the opening week of the tournament (Thursday 13th June 2024 – Wednesday 19th June 2024). Alipay+, an official sponsor of UEFA EURO 2024 , is a suite of cross-border mobile payments and digitalization technology solutions that now supports 30 global e-wallets and banking apps.

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Klarna sells Checkout business

Finextra

Klarna is selling its online checkout business to a consortium of investors for around €485 million in order to remove the conflict of interest it created with partners such as Adyen and Stripe.

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Lloyds Banking Group Expands Partnership with Visa

Fintech Finance

Lloyds Banking Group and Visa have today announced the renewal and expansion of their 40-year partnership in the UK, as Visa becomes Lloyds Banking Group’s leading scheme provider for its Lloyds Bank, Halifax, Bank of Scotland and MBNA brands. Under the partnership, Lloyds Banking Group and Visa plan to launch a series of market-leading, innovative products and services across the Group’s brands to help customers best manage their financial and lifestyle needs with the agreement also enabling ev

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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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Mosaic and Euroclear team to generate smarter fixed income data

Finextra

Mosaic Smart Data has teamed up with Euroclear to launch Smart Markets, an AI-powered tool for parsing unstructured fixed income data to generate actionable trading insights.

AI 72
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Greater Scrutiny and Monitoring of Diversity Gap Needed as 75% of FTSE 100 Firms Lag Behind

The Fintech Times

The FTSE Women Leaders Review revealed that organisations must focus on chair, senior independent director (SID), chief executive officer (CEO) and chief financial officer (CFO) roles to increase their diversity. However, a new report has revealed that just 13 per cent of these top roles are held by women, and less than one per cent are held by women of colour.

Audit 69
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Bank Midwest launches digital offshoot using technology from Finastra

Finextra

Finastra today announced that Bank Midwest, an employee-owned bank with locations throughout Iowa, Minnesota and South Dakota, has launched OnePlace.bank, a digital bank powered by Finastra, focused exclusively on the financial needs of the healthcare community.

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Wise Turns to Education as Preventative Measure Against Fraud, as 28% of Brits Hit by Scams Annually

The Fintech Times

As many as 15 million Brits could have fallen victim to scams in the past 12 months, according to new research from Wise , the international money app. According to a poll of 2,000 UK adults, Wise found that 28 per cent of Brits have lost money to scammers, highlighting the need for increased awareness and protective measures as scams become more sophisticated.

Scams 64
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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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Fed launches ScamClassifier model

Finextra

The Federal Reserve has developed a tool, called the ScamClassifier model, to help the payments industry improve scam reporting, detection and mitigation.

Fed 72
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Delta Air Lines rolls out Tap to Pay on iPhone across its US fleet

NFCW

Apple’s Tap to Pay on iPhone softPOS technology is now live on all Delta Air Lines US domestic flights, enabling flight attendants to use standard iPhones to accept contactless payments from passengers for snack, premium beverage and other onboard items. “With the introduction of Tap to Pay on iPhone, Delta flight attendants can now bypass the hassle of managing a separate card reader, which often comes with challenges such as maintaining a charge and ensuring connectivity,” pa

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REGnosys contributes regulatory reporting language Rune to Finos

Finextra

REGnosys, the collaboration platform for regulatory reporting, has successfully contributed the language underpinning its digital regulatory reporting solution to the Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation.

FinTech 64
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AtData partners with Dodgeball

The Paypers

AtData , a provider of email address intelligence, has announced a strategic partnership with Dodgeball , a unified identity platform focused on user verification and fraud prevention for businesses.

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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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Observations from EBADay Lisbon and a Reflection from the Past

Finextra

Lessons from the Past Prove Why Instant Payments Must Prioritize Security by Design Having just retu.

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Avaloq Implements OpenWealth at LGT Private Banking

Finovate

In partnership with Avaloq, Liechtenstein-based international private bank LGT has implemented a new standard to give financial intermediaries real-time access to investment positions and transaction data. The new standard, OpenWealth API, was implemented in collaboration with Synpulse8, the integration specialist of Synpulse. Based in Switzerland, Avaloq won Best of Show at FinovateAsia 2018.

API 59
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Inside look: BNY Mellon’s Pershing X product pipeline

Bank Automation

BNY Mellon looks to client feedback and demand when planning the product pipeline within its technology arm, Pershing X. “We’re hearing feedback from our clients, and we’re delivering solutions based on what we’re hearing,” Noam Tasch, head of revenue at Pershing X, told Bank Automation News.

Product 59
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The Finovate Podcast: Best of Show Conversations with Bloom Credit and Kobalt Labs

Finovate

What better way to celebrate the start of summer than with some of the latest conversations from Greg Palmer and the Finovate Podcast ! The podcast has just kicked off its series of interviews with Best of Show winners from FinovateSpring. First, Greg Palmer talked with Christian Widhalm, CEO of Bloom Credit , about building credit and creating new lending opportunities.

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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.