Mon.Dec 04, 2023

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Breaking down payments challenges: Fintechs vs traditional finance

Payments Dive

Leaders are confronting growing challenges across their payment operations.

Finance 158
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What ChatGPT Got Wrong about Top 5 Fintech Trends of 2024

Finovate

I’ve received dozens of 2024 fintech trends prediction pitches in my email inbox over the past month. And while many of them are insightful, I wanted to see what our AI overlord ChatGPT had to say about the matter. My prompt read, “What are your predictions for the top five newest and hottest trends in fintech for 2024?” Here is how the AI responded: Predicting the exact trends for 2024 is speculative, but here are potential emerging trends in fintech: Embedded Finance : Furthe

Metaverse 130
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Global ESG Fintech Investment Expected to Exceed US$ 100 Billion This Decade

Fintech News

Despite high-interest rates, plunging fintech valuations, and a slowdown in external deal activity, the environmental, social and governance (ESG) fintech sector is proving resilient and continuing to thrive as evidenced by the ESG fintech investment reaching an all-time high just recently. This is spurred by the urgent imperative to transition to a low-carbon emission model and commitment of large corporations to ESG standards, a new report by KPMG in Singapore and the Monetary Authority of Sin

FinTech 114
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Banked builds a US presence

Payments Dive

The fintech, founded in the U.K. and now building up operations in the U.S., expects its pay-by-bank services for bank clients will eventually lure retailers.

FinTech 103
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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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NGFS: Globally Coordinated Effort Needed to Unleash Full Potential of Blended Finance

Fintech News

The Network for Greening the Financial System (NGFS) released a new technical document , focusing on the expansion of blended finance in Emerging Market and Developing Economies (EMDEs) for climate change mitigation and adaptation. Formed in 2017, the NGFS is a group of 114 central banks and financial supervisors that promotes green finance and develops guidelines for central banks addressing climate change.

Finance 109

More Trending

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Independent Reserve and RelayPay Enable Crypto Payments for Aussie, NZ Firms

Fintech News

Australian cryptocurrency exchange Independent Reserve has forged a new partnership with RelayPay, a digital currency payments platform. This collaboration aims to facilitate cryptocurrency transactions for Independent Reserve’s business clients in Australia and New Zealand. The partnership allows businesses associated with Independent Reserve to leverage the exchange’s liquidity for issuing invoices and accepting a variety of cryptocurrency payments including Bitcoin, Ethereum, USDC, and

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Current Techniques in Identity Verification: Establishing a Chain of Trust

Finextra

So far in this series we’ve addressed how humans establish trust in a person’s identity (The Foundat.

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Workplace Wellness: What Makes FloQast a Best Place to Work for Parents

FloQast

In the ever-evolving landscape of the modern workplace, the importance of fostering a supportive environment goes beyond professional development — it extends to the well-being of employees and their families. It’s easy enough to say something like this, but actually doing so is an entirely different situation, and that’s why we’re so proud to announce that FloQast was recently named one of the Best Workplaces for Parents by Great Places to Work!

Returns 98
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A Guide to Types of Fintech Software Development

Finextra

Software development is essential to changing the way we handle, exchange, and invest our money in t.

FinTech 99
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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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Order Management Systems: The Unsung Heroes of eCommerce

DeckCommerce

Whether you're a budding online merchant or an established retailer looking to upgrade your order management processes, understanding the operational significance of a high-quality Order Management System (OMS) could be the competitive advantage your operation needs for eCommerce dominance.

Process 89
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Sponsor's message: [New Report] Sustainable Finance Live - Sustainable Cities: Enabling positive change through innovation and collaboration

Finextra

A Visual Record from the Sustainable Finance Live Conference and Hackathon 10 October 2023 On 10 October, Finextra Research and ResponsibleRisk held the annual SustainableFinance.Live Hybrid Conference and Hackathon, in partnership with NayaOne. Kicking off the day at Events@no6 in London, founder of ResponsibleRisk, Richard Peers, highlighted the objective of this year’s event, to bring pe.

Finance 98
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Warren urges CFPB to act on card late fee rule

Payments Dive

“I urge the CFPB to finalize this as quickly as possible,” Sen. Elizabeth Warren said during a Senate hearing with the agency’s director, Rohit Chopra.

CFPB 88
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Embracing change: A dive into the UK Financial Services Markets Act

The Payments Association

After a year of development, the Royal Assent of the UK Financial Services Markets Act signifies that change is on the horizon for the UK’s financial landscape and its players. The Act lays the groundwork for substantial transformation of the financial markets and its regulators’ powers while striving to promote a competitive landscape, encourage technological advancements, and foster environmental awareness within the financial sector.

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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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How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

For any merchant selling products or services online, it’s always a good idea to allow customers to make payments on their platform itself—instead of redirecting them to a third-party website or gateway. Not only is this inconvenient for customers but also risky. For obvious reasons, the issue is even more pronounced for businesses in the financial services industry such as insurance companies or money services businesses.

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Reinventing commercial payments for profitable growth

The Payments Association

Our new report, Commercial payments, reinvented, combines input from 211 banks and payments providers with a survey of 223 commercial payments clients from retail, auto and industrial, insurance, travel and rail, telecom and health and public service to explore where expectations and perceptions overlap — and where they diverge. It captures the state of play for today’s commercial payments market and maps its future trajectory.

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Cooperative Financial Network begins tests for new payments procedure

The Paypers

Cooperative Financial Network has pioneered a new procedure for Request-to-Pay, a digital invoicing solution, minimising costs and shaping the future of European transactions.

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Škoda adds support for contactless in-vehicle fuel payments in six European countries

NFCW

PAY TO FUEL: The service is available in all Škoda cars with a Columbus or Amundsen infotainment system PAY TO FUEL: The service is available in all Škoda cars with a Columbus or Amundsen infotainment system PAY TO FUEL: The service is available in all Škoda cars with a Columbus or Amundsen infotainment system Drivers of Škoda ICE vehicles in Austria, Belgium, Denmark, Germany, Luxembourg and Switzerland can now make contactless in-car payments for fuel directly through their dashboard touchscre

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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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BNP Paribas aims for 1K AI uses by 2025

Bank Automation

BNP Paribas aims to develop 1,000 AI use cases by 2025. The $2.6 trillion, Paris-based bank has been using AI for years and already has 700 uses for the technology, including 26 generative AI models in testing, a BNP spokesperson told Bank Automation News.

AI 81
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Standard Chartered rolls out BNPL option to consumers across Apac

Finextra

Standard Chartered is rolling out online and instore buy now, pay later options for credit cardholders across Asia Pacific.

APACS 79
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Fintech funding: Digital lending startups lead with 70% jump

Bank Automation

Digital lending startup funding drove global fintech funding rounds during the third quarter as automated lending strategies gained investor attention. Funding for these startups reached $1.7 billion in Q3, up 70% sequentially, according to CB Insights’ State of Fintech Q3 report published in October.

FinTech 78
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4 questions to ask when considering a new corporate card program

Payments Dive

From increased expense visibility and control to added efficiencies and rebates, a commercial card is more than a card—it’s a strategic component of your financial strategy.

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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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UK MPs urge caution on creation of digital pound

Finextra

UK parliamentarians on the cross-party Treasury Committee have urged to Bank of England to address data privacy and financial stability concerns before considering the implementation of a digital pound.

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Reduce fraud risk during the holidays: 4 strategies for retailers

Payments Dive

Boosting revenue while minimizing fraud risk is a common goal for e-commerce merchants, particularly during the holiday season when sales surge and fraud incidents tend to rise.

Risk 78
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Model Management in 2024: What You Need to Know to Prepare for E-23 Guidelines

Finextra

July 1, 2025 marks the scheduled implementation date for the forthcoming regulatory adjustments. Sin.

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Treasury Prime and Risk Management Platform Effectiv Bring Transaction Monitoring to Banks

Finovate

Treasury Prime, an embedded banking software platform, has signed a strategic partnership with fraud and risk management platform Effectiv. Companies and FIs on Treasury Prime’s network will leverage Effectiv’s platform for transaction monitoring. Effectiv made its Finovate debut in September at FinovateFall. The company is headquartered in San Francisco.

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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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Lack of Momentum - Why is E-commerce Falling Behind in Open Banking Adoption?

Finextra

Open banking infrastructure is a game changer for merchants, banks and consumers alike, significantl.

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Enfuce Lands $9.2 Million Investment

Finovate

Enfuce closed a $9.2 million follow-on investment, adding to the $49 million it received in 2021. Vitruvian Partners led the round, which saw contributions from existing investor Maki.vc and new contributor Visa. Enfuce will use the funds to prepare for growth in the enterprise segment, as well as expand into more European markets. Card issuing and payments processing innovator Enfuce recently announced it received a $9.2 million (€8.5 million) follow-on investment.

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Real-Time Payments in a Digital World: What Lies Ahead

Finextra

In our increasingly digitalised world, the way we transact is undergoing a profound transformation.