Fri.Jan 31, 2025

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PayPal, Amex and Wells Fargo shake up leadership

Payments Dive

PayPal and American Express both said executives are leaving the company and Wells Fargo said a long-time payments executive is being replaced.

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Commercial Banks Successfully Rebuilt Liquidity to Pre-Crisis Levels, But Challenges Remain Says Q2

The Fintech Times

Banks and credit unions need to embrace emerging technologies to ensure growth and overcome impending challenges, according to the latest report from Q2 Holdings , a digital transformation solution provider for financial services. In its State of Commercial Banking January 2025 Market Analysis report, Q2 Holdings outlines the biggest emerging trends for commercial banks, as well as the challenges and opportunities that banks and credit unions will face in the coming year.

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Fintech Payments Innovation Delivers $9 Billion Benefits to Small Businesses

Fintech Finance

Small businesses have been among the biggest beneficiaries of the transition to fintech-powered modern payments systems, with the average benefits across all fintech solutions totalling $9 billion as a result of their adoption. The finding comes as part of a new report launched by economics, research and analysis firm Mandala in partnership with FinTech Australia , compiled using fresh research into small business and analysis of ABS data.

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EU AI Act: Unacceptable risk provisions take effect

Finextra

The European Union Artificial Intelligence Act (EU AI Act) entered into force on 1 August 2024, marking a historic moment as the worlds first comprehensive legislation regulating AI systems according to a risk-based approach.

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Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is evolving fast, and brands relying on rigid, one-size-fits-all solutions risk losing agility. But modernization doesn’t have to mean disruption. In this webinar, we’ll explore how an extensible, modular approach empowers brands to integrate new capabilities, enhance performance, and scale efficiently—all while leveraging Shopify’s strengths.

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Life Card to issue biometric payment cards in Japan

NFCW

BIOMETRICS: Life Card is to start issuing payment cards with fingerprint verification Japanese credit card issuer Life Card is to begin issuing cards containing a built-in fingerprint verification sensor this year, in a move that marks the first commercial launch of biometric payment cards in Japan. “Life Card provides innovative, secure and frictionless payment solutions to our growing consumer base,” company president Keiji Masui says. “Introducing the latest biometric techno

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CFPB fines fintech Wise, alleging it charged deceptive fees

TechCrunch Fintech

The Consumer Financial Protection Bureau (CFPB) has hit UK-based remittance company Wise with about a $2 million fine for what it described as a series of illegal actions. Those actions include advertising inaccurate fees and failing to properly disclose exchange rates and other costs, the CFPB alleges. Specifically, the agency claims that the fintech company […] 2024 TechCrunch.

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Taxpayers Pay HMRC Over £12bn Using Pay by Bank

Fintech Finance

There has been a substantial rise in the number of people using a simpler way to pay their tax bill ahead of the self-assessment deadline on 31st January. Taxpayers are increasingly using Pay by Bank technology to send money to His Majesty’s Revenue and Customs (HMRC). Pay by Bank uses financial technology to allow you to make secure account to account payments between banks.

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What’s coming for the payments industry in 2025

Payments Dive

Regulatory change and artificial intelligence are widely expected to drive challenges and opportunities across the landscape this year.

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Thunes Appoints Jane Jackson as Chief People Officer to Strengthen Culture and Drive Global Expansion

Fintech Finance

Thunes , the Smart Superhighway to move money around the world, announces the appointment of Jane Jackson as Chief People Officer. Reporting to CEO Floris de Kort, Jane will lead Thunes People strategy, shaping culture, boosting organisational effectiveness, and enhancing talent development across 14 international locations. Jane has over 15 years of People function leadership experience at Xplor Technologies, Worldpay, Kilnbridge, Dyson and DHL.

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Oman’s Fintech Future: A Market on the Rise

The Fintech Times

Oman may not be the first country that comes to mind when thinking about fintech in the Gulf, but that is changing. With a strong push for economic diversification under Vision 2040 and a growing appetite for digital financial services, the Sultanate is taking bold steps to modernise its financial sector. Homegrown fintech firms are emerging, regulatory frameworks are evolving, and the demand for digital payments and alternative finance solutions is increasing.

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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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Banked Partners With NAB to Launch PayTo® Enabled Pay by Bank for Amazon.com.au customers in Australia

Fintech Finance

Banked , a leading global Pay by Bank provider, today announced it has partnered with NAB to enable Pay by Bank (PayTo) at checkout on Amazons Australian store. Account-to-account payments are on the rise globally thanks to lower costs, enhanced security and improved user experience. Bankeds Pay By Bank technology, delivered via the NAB partnership, provides Amazon.com.au customers with a frictionless and secure way to pay, while at the same time delivering a cost efficient, instant payment solu

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Barclays suffers major app outage on pay day

Finextra

Barclays has been hit by an IT problem that has left some customers unable to access their accounts online or through the app.

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Network International Signs Memorandum of Understanding (MOU) with GIM-UEMOA to Accelerate Financial Inclusion in West Africa

Fintech Finance

Network International (Network), a leading payment solutions provider in the Middle East and Africa, has signed a memorandum of understanding (MOU) with GIM-UEMOA , the regional payment scheme which promotes electronic payments across the banking, financial and public administration sectors in West Africa. This collaboration will drive innovation and enhance financial inclusion across the eight member countries of the West African Economic and Monetary Union (WAEMU).

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PayTo Goes Live on Amazon Australia, Thanks to Banked and NAB Collaboration

The Fintech Times

Banked , a global provider of Pay by Bank solutions, has partnered with National Australia Bank (NAB) to launch the PayTo payment option at Amazon s Australian store. The initiative aligns with the global rise in account-to-account (A2A) payment transactions, projected to reach 186 billion by 2029 due to their lower costs, enhanced security and better user experience.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Runa Expands Instant Payouts Into India, Offering Simplified Cross-Border Transactions

Fintech Finance

Runa , the leading global fintech infrastructure for the next generation of payouts experiences, has announced its expansion into India, opening access to the countrys $8.9 billion gift card market. With this expansion, Runa allows its business customers the ability to easily send instant, domestic and cross-border payouts to consumer recipients in India, dramatically reducing the traditional barriers of cost and complexity.

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Fintech for Good: Scotland’s Push for Greater Financial Access

The Fintech Times

Throughout January, The Fintech Times has been exploring the theme of ‘fintech for good,’ focusing on how fintech solutions support financial inclusion. This led me to a dynamic panel discussion at the Edinburgh Futures Institute this week, which examined how fintech innovations could help bridge the financial inclusion gap in Scotland. As part of his remit to be a global ambassador throughout the UK, the Lord Mayor of the City of London Corporation, Alistair King, joined businesses

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Astropay Continues Global Expansion With Payments Institution License for Multicurrency Wallet in Brazil

Fintech Finance

AstroPay , a global leader in digital financial solutions, is redefining financial connectivity in Brazil with its strategic expansion and acquiring a coveted Payment Institution (PI) license issued by the Central Bank of Brazil. This license is from the Central Bank of Brazil, underscoring AstroPays commitment to delivering secure, compliant, and user-friendly cross-border payment solutions.

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Did Zing Jump the Gun by Targeting Gen Z? FXC Intelligence Explores Why HSBC’s Challenger Failed

The Fintech Times

Just a year after launching digital challenger bank Zing , HSBC announced plans to close it – deciding to integrate its underlying technology platform into HSBC. While Zing successfully gained reach via a social media-led marketing strategy, this ultimately did not translate into sufficient volume, according to analysis by FXC Intelligence. FXC found that Zing was particularly effective on TikTok , having outperformed Wise in terms of followers – despite being just a year old –

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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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European Women Payments Network (EWPN) Appoints New Company Directors of Not-for-Profit

Fintech Finance

After founding and serving the EWPN community for the past decade seeing 1000s of people connect and flourish, Co-Founders Martha Dali Mghendi-Fisher and Nadja van der Veer have taken the decision to stand down as registered Directors of the EWPN, the community that they both cherish. They will continue in the capacity of Special Advisors to the Executive Directors.

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Wise’s Launch in Mexico Provides New Tools for International Payments

The Fintech Times

Global technology company Wise has launched in Mexico as part of its growth plans in the Americas, following an earlier expansion in Brazil, and its goal of enhancing cross border payments. The new service is designed for Mexican nationals who need to send money abroad, enabling a simple method for international money transfers. Around 128 million people can now send money from Mexico to more than 40 currencies and 160 countries through a fully digital process using Wise’s app or website,

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The Rise of Headless Core Solution

Finextra

New age core banking solutions like Thought Machine, Mambu and Pismo are on their way to transform b.

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Scotland Digital Trust Centre of Excellence Opens Doors to Capitalise on £4.3Billion Opportunity

The Fintech Times

A new Scottish Centre of Excellence aiming to solve real-world challenges in digital trust and distributed ledger technologiesis opening its doors at Edinburgh Napier University following a new collaboration. Edinburgh Napier University will host the Scottish Centre of Excellence in Digital Trust and Distributed Ledger Technology in partnership with the University of Edinburgh , the University of Glasgow and Fintech Scotland , after securing initial funding from Scottish Enterprise, an advice, s

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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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A2A Payments: The Disruption Banks Can’t Afford to Dodge in 2025

Finextra

This Isnt Just a Trend, Its a Seismic Shift As we move toward 2025, were witnessing a fundamental.

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Essential KPIs for Accounts Receivable to Improve AR Performance

Paystand

Table of Contents Why tracking accounts receivable KPIs is essential Key accounts receivable performance metrics Transform AR management with Paystand

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Hidden Costs in SaaS Development: How to Develop a Successful Startup

Finextra

The global SaaS market is expected to surpass an impressive $702 billion by 2030. Considering the n.

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SumUp Cash Advance Launches In Several New European Markets

The Nilson Report

The post SumUp Cash Advance Launches In Several New European Markets appeared first on Nilson Report.

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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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BNY Mellon appoints Carolyn Weinberg chief solutions innovation officer

Finextra

The Bank of New York Mellon Corporation (BNY) (NYSE: BK), a global financial services company, have announced the appointment of Carolyn Weinberg as its Chief Solutions Innovation Officer.

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Self Financial Launches Self Visa Credit Card for Credit Building

The Nilson Report

The post Self Financial Launches Self Visa Credit Card for Credit Building appeared first on Nilson Report.

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Anchor raises $20m for autonomous billing and collections platform

Finextra

Anchor, the free-to-use Autonomous Billing & Collections platform, has announced it has raised a $20 million Series A funding round, led by Mosaic General Partnership (past investments include Uber, Robinhood, Mercury, Taboola, Hippo and Coinbase) and Oren Zeev from Zeev Ventures (past investments include Audible, Houzz, Duda and Next Insurance).

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Synchrony Mastercard Gain Access to the Pay Later Feature of Apple Pay

The Nilson Report

The post Synchrony Mastercard Gain Access to the Pay Later Feature of Apple Pay appeared first on Nilson Report.

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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.