Fintech News

NOVEMBER 17, 2024

Maritime Commercial Joint Stock Bank (MSB) has chosen Backbase ‘s Engagement Banking Platform to modernise its digital banking services. The bank will work with Backbase and its partner, SmartOSC , to implement the platform and create a unified, customer-centric experience for its 5.4 million retail and 100,000 enterprise customers. This move is part of MSB’s ongoing digital transformation strategy to streamline its offerings and enhance customer service.

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Finextra

NOVEMBER 17, 2024

The man behind a hack on Bitfinex that saw nearly 120,000 stolen from the cryptocurrency exchange has been sentenced to five years in prison.

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Fintech News

NOVEMBER 17, 2024

Crypto.com has acquired a brokerage and trading firm Fintek Securities regulated by the Australian Securities and Investments Commission. This acquisition will allow Crypto.com to expand its offerings for its eligible users in Australia to include deposit products, derivatives, securities, foreign exchange, and managed investment schemes. This move follows the firm’s recent acquisition of the US-based, SEC-registered firm Watchdog Capital, LLC, marking the second acquisition aimed at bolst

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The Fintech Times

NOVEMBER 17, 2024

As much as 90 per cent of children in the UK play some form of video game and spend an average of £38 per month on in-game purchases. But as parents struggle to find an effective way to teach responsible spending, it turns out the solution may actually lie in the video games themselves, according to European credit management company Lowell. Lowell has revealed that 81 per cent of parents believe their children learn positive money habits from gaming on Animal Crossing and The Sims.

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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

Payments

Fintech News

NOVEMBER 17, 2024

Banks throughout the world have accelerated down the road of technological advancement in the last decade. And for good reason: those who fail to advance, become obsolete. The pressure to stay ahead continues to mount as customers demand more immediate and user-friendly experiences. Enter fintechs, like the Philippines-based Salmon, who leverage agility, talent, and innovation to not only compete and collaborate with banks, but acquire banks and transform into full-fledged financial institutions

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The Fintech Times

NOVEMBER 17, 2024

Over the past decade, digital assets have come a long way. However, one area that has been severely neglected is inheritance: the few services that are available are costly and often involve ongoing fees for storage. Addressing this, Xapo Bank , the licensed bank that lets members bank with Bitcoin, is launching a beneficiaries solution to allow users to designate multiple beneficiaries for their assets, including Bitcoin.

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The Fintech Times

NOVEMBER 17, 2024

A new partnership has been announced between LexisNexis Risk Solutions , the insurance data and advanced analytics provider, and TransUnion , the global information and insights company, to offer TransUnion’s Affordability Report to UK insurance providers. In 2022, LexisNexis Risk Solutions and TransUnion teamed up to support the UK insurance market with credit data.

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Fintech News

NOVEMBER 17, 2024

APAC financial regulators and cloud providers recently conducted a first-of-its-kind crisis management exercise simulating a large-scale public cloud outage impacting the region’s financial sectors. This was organised under the Financial Sector Cloud Resilience Forum, established by the Monetary Authority of Singapore (MAS) in April 2023. This forum, comprising representatives from Asia Pacific financial regulators and cloud service providers, convenes twice a year to discuss best practice

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The Fintech Times

NOVEMBER 17, 2024

Financial advice can be a sensitive topic – those giving it don’t want to mislead customers, while customers are wary about the level of trust they can place in their advisers. Nonetheless, done correctly, investing can be a very beneficial way for someone to use their funds. This November we are exploring all the aspects of wealthtech and how the industry has developed this year.

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Nanonets

NOVEMBER 17, 2024

Nanonets announces a strategic partnership with Nav-labs, a leading provider of low-code application solutions for enterprise digital transformation in USA. This collaboration combines Nanonets' intelligent document processing capabilities with Nav-labs' expertise in low-code development, creating a powerful solution for organizations seeking to accelerate their digital transformation initiatives.

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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?

Use Case

The Finance Weekly

NOVEMBER 17, 2024

Budgeting is a fundamental aspect of financial planning, and one approach that often comes up in discussions is incremental budgeting. It’s important to understand this method and how it might fit into your financial processes. What is Incremental Budgeting? Incremental budgeting is a budgeting approach where the starting point for a new budget is the previous one.

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Nanonets

NOVEMBER 17, 2024

What are LLMs? A Large Language Model (LLM) is an advanced AI system designed to perform complex natural language processing (NLP) tasks like text generation, summarization, translation, and more. At its core, an LLM is built on a deep neural network architecture known as a transformer, which excels at capturing the intricate patterns and relationships in language.

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ACI Worldwide Blog

NOVEMBER 17, 2024

On this page During International Fraud Awareness Week, ACI experts share their insights into the latest threats and sophisticated fraudulent activities so you can enhance your payment systems with intelligent solutions that tackle these challenges while maximizing revenue. The post Seven days, seven essential tips for fraud week appeared first on ACI Worldwide.

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The Paypers

NOVEMBER 17, 2024

Payfinia has announced the launch of its Payfinia Credit Union Service Organization in order to support payment modernisation services and embedded fraud controls.

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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 Review

NOVEMBER 17, 2024

New York, United States, November 17th, 2024, FinanceWire Actelis Networks (NASDAQ: ASNS), known for its expertise in cyber-hardened, rapid-deployment networking solutions, has delivered impressive Q3 2024 results, showcasing financial growth and significant operational improvements. With strategic wins in critical infrastructure, IOT, and military markets, Actelis continues to build momentum.

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