PCI Security Standards

SEPTEMBER 9, 2024

The PCI Security Standards Council (PCI SSC) has published a new Information Supplement:  PCI DSS Scoping and Segmentation Guidance for Modern Network Architectures. This document was produced by the 2023 Special Interest Group (SIG), the members of which provided their extensive payment security expertise and technical knowledge around best practices, guidance, and real-world scenarios for applying PCI DSS scoping and segmentation techniques in a variety of modern network architectures.

PCI DSS 117

PCI DSS Best Practices Payment Security Security 117

Fintech News

SEPTEMBER 9, 2024

HSBC Holdings is reportedly considering a major overhaul of its operations, exploring the merger of its commercial and investment banking divisions, Bloomberg reports. This comes as new CEO Georges Elhedery explores plans to streamline operations by cutting layers of middle management This potential restructuring, spearheaded by Elhedery, aims to streamline the banking giant’s structure and eliminate redundancies, ultimately reducing costs.

Duplicate 131

Duplicate Continuity FinTech Posting 131

Open Banking

SEPTEMBER 9, 2024

Open Banking Limited (OBL) is pleased to announce that the Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking. This milestone, building on the “substantial completion” announced in 2023, means that all nine banking providers mandated by the CMA under the Retail Banking Market Investigation Order (the CMA Order) have successfully completed the Roadmap and associated required functionality to offer the full suite o

Innovation 121

Innovation Message Standards API Enrollments 121

Payments Dive

SEPTEMBER 9, 2024

How open finance enables efficient and secure technology, greater flexibility, and scalability.

Finance 144

Finance Security Payments Technology 144

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 Finance

SEPTEMBER 9, 2024

Thunes , the Smart Superhighway for money movement around the world, is proud to welcome OJCS “Commercial Bank Kyrgyzstan” | MBANK as a Member of the Thunes Direct Global Network. This collaboration allows MBANK to connect businesses and individuals in Kyrgyzstan directly to over 7 billion mobile wallets and bank accounts around the world, to make payments in real-time in over 130 countries and 80 currencies in a faster, more convenient, and reliable way.

Cross-Border Payments 116

Cross-Border Payments Cross-Border C2B Treasury Management 116

Payments Dive

SEPTEMBER 9, 2024

On Jared Isaacman’s second trip to space, the billionaire plans to become the first private spacewalker. Shift4 investors will need to follow space news to learn about it.

FinTech 97

FinTech 97

Fintech News

SEPTEMBER 9, 2024

Tokocrypto, a subsidiary of Binance , has obtained a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). The PFAK license allows Tokocrypto to officially operate as a physical crypto asset trader. Tokocrypto’s user base has surpassed 4.5 million this year, with its average monthly trading volume increasing by 138%, reflecting steady growth and trust in the platform.

Web 3.0 111

Web 3.0 Regulations Regulatory Compliance Volume 111

Nanonets

SEPTEMBER 9, 2024

Matching vendor item codes to your own inventory is an annoying (but necessary) task that often comes up in NetSuite - especially when you're working with standardized inventory that's available with multiple suppliers, or when your purchasing department is sourcing from multiple locations. When processing such vendor bills, the invoice coding stage becomes very manual and time-consuming; AP teams often end up having to call the vendor/check with purchasing, or make some assumptions th

Automation 98

Automation Database API AI 98

Fintech News

SEPTEMBER 9, 2024

Judo Bank, Australia’s SME-focused challenger bank, has successfully transitioned its lending business to Thought Machine ‘s Vault Core platform, a cloud-native core banking system. This transition marks a major step in Judo Bank ’s efforts to modernise its operations with more flexible and scalable technology. The project began in 2023, following Judo Bank’s decision to partner with Thought Machine after a comprehensive search for a vendor capable of supporting its growth.

Technology 106

Technology FinTech Posting Product 106

The Payments Association

SEPTEMBER 9, 2024

Trust Payments provides businesses with secure, modern payment solutions to adapt to evolving fintech trends such as digital wallets and mobile payments.

FinTech 88

FinTech Mobile Payments Payment Solutions Security 88

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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?

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Fintech News

SEPTEMBER 9, 2024

Fintech startup Finture , which operates the credit payment platform YUP , has secured US$30 million in its Series B funding round. The funding was led by Hong Kong’s MindWorks Capital, with participation from XVC, SWC Global, Richen Pioneer, and Antao Capital. The funds will be used to support the platform’s expansion across Southeast Asia and efforts to obtain a banking license in Indonesia.

Security 106

Security Credit Cards Volume FinTech 106

The Payments Association

SEPTEMBER 9, 2024

As banks migrate to the cloud, they must strengthen security with AI, zero-trust, and continuous education to combat growing cyber threats.

Continuing Education 88

Continuing Education AI Continuity Security 88

Fintech News

SEPTEMBER 9, 2024

Asia-Pacific (APAC) is home to one of the world’s fastest-growing fintech ecosystems in the world, featuring prominent players such as China’s Ant Group, India’s Paytm, and Australia’s Airwallex. This vibrant ecosystem includes over 40 fintech unicorns, highlighting the region’s significant role in the global fintech landscape. Despite the strong presence of local fintech leaders, APAC countries are attracting fintech solutions from the Nordics.

APACS 104

APACS FinTech Assessments Risk Assessment 104

Payments Dive

SEPTEMBER 9, 2024

The company said it expects to place its automated checkout technology at more venues in 2024 than in any year previously.

Automation 97

Automation Technology 97

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 9, 2024

Digital identity represents a major shift in how we interact with the digital world, paving the way for enhanced user experience and security. There has been much progress, evolving from the usage of mere passwords and usernames to more sophisticated security markers like biometrics and those that use AI technology. In the Asia Pacific region, governments are at varying stages of maturity when it comes to digital identity.

Deepfake 103

Deepfake PCI DSS Verification Financial Inclusion 103

Bank Automation

SEPTEMBER 9, 2024

Citizens Bank has deployed generative AI and automation in operations for activities including coding, customer service and fraud detection, and the efficiency gains are adding up. “We completed a pilot using Microsoft Pilot … and the results were outstanding,” Michael Ruttledge, chief information officer and head of enterprise technology and security at Citizens, told Bank […] The post Citizens sees up to 20% efficiency gains through gen AI appeared first on Bank Automation News.

AI 85

AI Fraud Detection Automation Security 85

Fintech News

SEPTEMBER 9, 2024

Income Insurance has launched FlexiTravel Plus , touted as Singapore’s first travel insurance offering hourly coverage for travelers to 19 destinations across Asia. The plan, an expansion of the previous FlexiTravel Hourly Insurance, extends coverage beyond Batam, Bintan, and Malaysia to include Brunei, Cambodia, Indonesia, Laos, Myanmar, the Philippines, Thailand, Vietnam, Australia, China, Hong Kong, India, Japan, Korea, Macau, New Zealand, Sri Lanka, and Taiwan.

Caps 102

Caps Blocks Adjustments Consulting 102

Fintech Finance

SEPTEMBER 9, 2024

DailyPay , a worktech company and leading provider of earned wage access, is rebranding its “Friday by DailyPay Visa® Prepaid Card,” launching the ‘DailyPay Visa® Prepaid Card.’ The newly rebranded DailyPay Card adds additional capabilities to DailyPay’s existing suite of money movement services to help meet the needs of employees on their financial wellness journey.

Direct Deposit 93

Direct Deposit FDIC Credit Cards Debit Card 93

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

Fintech News

SEPTEMBER 9, 2024

Singapore’s Nium, a cross-border payments platform, has postponed its anticipated US initial public offering (IPO), shifting the timeline by more than a year to the end of 2026. Prajit Nanu Bloomberg reports that this allows Nium to focus on expanding its operations and strengthening its leadership, as revealed by co-founder and CEO Prajit Nanu. Originally slated for the second quarter of 2025, the decision to delay the IPO came after the company struggled to secure a new chief financial officer

Cross-Border Payments 97

Cross-Border Payments Cross-Border Push-to-Card Real Time Payments 97

Finextra

SEPTEMBER 9, 2024

Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Stablecoins SWIFT 98

Fintech News

SEPTEMBER 9, 2024

Singapore’s digital asset exchange ( SDAX ) has secured US$50 million in its Series B2 funding round, led by Oman-based Muscat Precious Metals Refining Company LLC (MPMR). This latest round follows the company’s previous US$18 million Series B round in 2021, which included investors such as PSA International, Straits Trading Company, and New Horizon Global.

Security 93

Security Financial Inclusion Authorization Continuity 93

Fintech Finance

SEPTEMBER 9, 2024

The PAY360 Awards , the pinnacle of recognition in the payments industry, is set to take place on October 2nd 2024, at the elegant JW Marriott Grosvenor House Hotel in London. As the sector’s premier event, the PAY360 Awards celebrates innovation, excellence, and achievement across the global payments ecosystem. Organized by the The Payments Association (TPA), the PAY360 Awards are a testament to the dynamic and rapidly evolving landscape of payments.

Payments 92

Payments Innovation Global Payments Finance 92

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

Payments Dive

SEPTEMBER 9, 2024

Hope Mehlman will stay on until the company is acquired by Capital One, a deal facing high legal hurdles, Discover said in a regulatory filing.

Legal 78

Legal Acquirers 78

Fintech Finance

SEPTEMBER 9, 2024

TrueLayer , Europe’s leading open banking payments network, today announces an expansion to its partnership with Stripe. TrueLayer now underpins Stripe’s Pay by Bank offering across its payments products in the UK. In May, Stripe unveiled Pay by Bank —a new payment method enabling merchants to accept payments directly from customers’ bank accounts, streamlining the payment process and reducing transaction fees.

Credit Cards 90

Credit Cards Payment Networks API Accounts 90

Bank Automation

SEPTEMBER 9, 2024

Investment within the financial services technology sector is creeping back up after plummeting in August. Following a July peak, Bank Automation News’ BAN Stock Index in August fell to 256.23, the lowest on the index since February, when it was 255.21. The BAN Stock Index tracks the average performance of financial technology providers. The index […] The post Financial services tech investment rebounding after August valley appeared first on Bank Automation News.

Automation 80

Automation Posting Technology Risk 80

Fintech Finance

SEPTEMBER 9, 2024

Adyen , the global financial technology platform of choice for leading businesses, today announced Intelligent Payment Routing for US debit payments, the only AI-based solution in the market that simultaneously optimizes and improves revenue and lowers costs. In a pilot of over 20 enterprise merchants — including eBay, 24 Hour Fitness, Microsoft, among others — Adyen achieved an average of 26% cost savings with a 0.22% uplift in authorization rates against earlier debit performance.

Debit Transaction 90

Debit Transaction Transactions Debit Card Payments 90

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Finextra

SEPTEMBER 9, 2024

The UK's Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking, laying the foundations for the future development of open finance.

Finance 78

Finance Authorization 78

Fintech Finance

SEPTEMBER 9, 2024

Global payment orchestration platform FinMont has announced a new partnership with Danish Payments Service Provider Inpay. The new alliance will allow FinMont to incorporate Inpay’s global banking network into its own payments ecosystem, expanding Finmont’s global reach and speeding up cross-border disbursement times for the benefit of its international travel merchants.

Cross-Border Payments 90

Cross-Border Payments Cross-Border Payments B2C 90

Payments Dive

SEPTEMBER 9, 2024

Buy Now, Pay Later (BNPL) has moved from a novel option to a must-have for retailers that aim to meet the demands of modern consumers.

BNPL 78

BNPL Consumer 78

Fintech Finance

SEPTEMBER 9, 2024

JST Digital , a global financial services firm specializing in digital assets, has announced that its Singapore subsidiary, JST Digital & Technology Pte. Ltd. (“JST Singapore”) has received an in-principle approval for a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS) to provide digital payment token service.

Payments Institute 89

Payments Institute Payments Authorization On-Demand 89

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Payments