Fintech Finance

NOVEMBER 29, 2024

The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. This will make the Norwegian krone the fourth currency available for settlement in TIPS, in addition to the euro, the Swedish krona and the Danish krone, which is scheduled to join in April 2025. The inclusion of the Norwegian krone in TIPS, which is part of the Eurosystem’s TARGET Services, is planned for the first half of 2028 and will enable

Instant Payments 137

Instant Payments Central Bank Settlement Agreements 137

The Payments Association

NOVEMBER 29, 2024

Managing fraud cases has been a top challenge for card issuers, according to recent studies. Rising operations and outsourcing costs and burgeoning fraud recovery caseloads make it especially challenging for issuers to meet chargeback deadlines and avoid cardholder write-offs. Developed years ago, legacy banking systems are ill-equipped to deal with current fraud volumes.

Disputes 88

Disputes Issuers Card Issuer Payment APIs and Integration 88

Finezza

NOVEMBER 29, 2024

The growing demand for credit access among retail consumers and businesses has led to the accelerated growth of alternative lending in India. The key factors driving growth include limited credit access within traditional banking, fintech innovation, and widespread smartphone penetration. The market size of this category is expected to grow from $7.53 billion in 2023 […] The post The Paradox of Alternative Lending: How It Can Both Simplify and Complicate the Lending Process appeared first

Process 103

Process On-Demand Innovation FinTech 103

Finextra

NOVEMBER 29, 2024

Norway has struck a deal to add the krone to the Eurosystem’s Target Instant Payment Settlement (Tips) service.

Instant Payments 119

Instant Payments Settlement Payments 119

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

The Fintech Times

NOVEMBER 29, 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.

AI 89

AI Advisors Credential Legal Framework 89

Finextra

NOVEMBER 29, 2024

cheqd, a decentralised payment and trust infrastructure provider, has announced a strategic partnership with ID Crypt Global, a leading digital identity and security company, to integrate cutting-edge identity and security solutions into Apex Digital Exchange (ADEX), a prominent player in the decentralised finance (DeFi) space. This collaboration is designed to tackle two critical challenges facing the cryptocurrency and DeFi markets: user trust and identity verification.

Verification 91

Verification Cryptocurrency Security Finance 91

Finextra

NOVEMBER 29, 2024

The European Commission has adopted rules for the core functionalities and certification of the European Digital Identity Wallets as 2026 deadline nears.

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Rules 90

Fintech Finance

NOVEMBER 29, 2024

NORBr , a no-code, omnichannel-ready Payment Infrastructure as a Service (IaaS) provider, has raised €3 million in funding, led by Alstin Capital as the lead investor, with participation from previous round’s lead investor, Portfolion. This capital will support NORBr’s expansion of omnichannel solutions, including advanced features for managing payment terminals, operational efficiency (payops), and compliance, strengthening its offerings to meet the fast-evolving needs of payment operators worl

Payment APIs and Integration 94

Payment APIs and Integration Payments Facilitators Compliance 94

The Fintech Times

NOVEMBER 29, 2024

Reem Finance , a corporate and retail finance specialist regulated by the UAE Central Bank , has selected Temenos , the composable banking platform, to power a new digital community bank in the United Arab Emirates. Transitioning to a cloud-based solution from Temenos is part of a broader strategy for Reem Finance, as it looks to embrace digital transformation and enhance its service offerings.

Community Banks 77

Community Banks Finance Central Bank On-Demand 77

Fintech Finance

NOVEMBER 29, 2024

Research from Moneyhub , the Open Banking data and payments platform, has revealed that younger generations are more likely to have been victims of financial fraud than older generations, who have traditionally been seen as the primary target. The research, which surveyed over 2000 people, brings into focus the extent and scale of the issue across the country and across the generations.

Research 94

Research Debit Card Scams Crime 94

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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 Fintech Times

NOVEMBER 29, 2024

To support small and medium-sized enterprises (SMEs), Singapore banking group, Maybank Singapore , has launched its myimpact SME programme. As SMEs turn their attention to sustainability and bring about positive economic impact, they can access expertise from across the industry from myimpact SME. The programme is a supportive ecosystem with different partners working together as organisations look to be in line with the Singapore Green Plan 2030 roadmap for a more environmentally sustainable fu

Financial Inclusion 63

Financial Inclusion Finance Non-Bank Payroll 63

Fintech Finance

NOVEMBER 29, 2024

MontyPay has been awarded the “Payment Innovation of the Year” accolade at the eCommerce Expo 2024, held in London. MontyPay has been contributing to the payment landscape with cutting-edge solutions that meet the ever-evolving needs of global businesses, which culminated in this prestigious recognition. The eCommerce Awards celebrate excellence and innovation in the online retail space.

Innovation 97

Innovation Payment Gateways Payments Gateways 97

The Fintech Times

NOVEMBER 29, 2024

Financial firms are increasingly changing how their organisations manage and process reference data for trade data management, according to a new study by SmartStream , the financial transaction lifecycle management (TLM) solutions provider. Conducted in collaboration with Acuiti Management Intelligence , SmartStream’s new report, titled ‘ The Future of Reference Data: From Compliance to Alpha ‘, highlights the growing importance of reference data investments for financial firm

Automation 63

Automation AI Reconciliation Use Case 63

The Paypers

NOVEMBER 29, 2024

Asset manager Fidelity International has announced a partnership with Maybank to launch the MAMG Alpha Capital & Income Opportunities fund, a multi-asset fund in Malaysia.

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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

The Fintech Times

NOVEMBER 29, 2024

The UK-based pay and reward consultancy, 3R Strategy , has released new research revealing that the financial sector is likely going to have the biggest salary growth in 2025, with budgets rising by five per cent, 1.5 per cent more than the average across the UK. The fourth iteration of the Global Salary Planning Report collected data and insights from over 40 countries and 20 industries.

On-Demand 63

On-Demand Adjustments Risk Management Consulting 63

Finextra

NOVEMBER 29, 2024

Earlier this year, Finextra announced Lune, a climate-positive company providing API and software tools, had won the FinTech Zone award at EBAday 2024. The award is presented to companies that have shown true innovation and an ability to deliver a capable solution to a current issue in finance and banking. A few months on from this year's event, Lune is still making strides towards a better, more streamlined climate process for its clients.

FinTech 59

FinTech API Finance Innovation 59

The Fintech Times

NOVEMBER 29, 2024

Manzil Wealth , an Islamic finance company and a subsidiary of Manzil, has launched a comprehensive halal wealth management solution in Canada, as it aims to provide enhanced support for clients seeking ethical and Islamic financial products. The Manzil Wealth Platform, a solution for financial advisors and clients, provides access to a complete range of services, including halal investments, Sharia-compliant mortgages, and comprehensive financial planning.

Advisors 58

Advisors Client Management Finance Acquirers 58

The Paypers

NOVEMBER 29, 2024

HSBC has lost its appeal against a EUR 31.7 million fine imposed by the European Commission for participating in a cartel to manipulate benchmark Euribor rates.

Participant 69

Participant 69

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

Paystand

NOVEMBER 29, 2024

Table of Contents What is Know Your Customer? How to Do KYC for Customers? What Are the KYC Regulatory Requirements for Know Your Customer? Know Your Customer Example What Happens if a Customer Fails KYC?

Compliance 52

Compliance 52

Bank Automation

NOVEMBER 29, 2024

The Clearing House’s Real Time Payments network is seeing growth in adoption and transaction volume as consumers, small- and medium-sized businesses and large enterprises demand instant payment capabilities. Now in its seventh year, the network has 800 banks, reaches 70% of the market and is averaging 1 million transactions per day, Jim Colassano, senior vice […] The post Instant payments ‘really kick up’ during holidays appeared first on Bank Automation News.

Instant Payments 52

Instant Payments Real Time Payments Payments Payment Networks 52

Fintech Finance

NOVEMBER 29, 2024

Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, today announces a partnership with payment solutions and services provider Secupay to provide asylum seekers with payment cards, enabling them access to financial support from the German Government. By integrating E6’s powerful enterprise-grade card issuance and transaction processing technology, and supported by Visa Ready for Government Disbursements, Secupay can ensure the safe and c

Governance 52

Governance Government G2C Technology 52

Finextra

NOVEMBER 29, 2024

Starling Bank announces the appointment of Michele Rousseau as its Chief Marketing Officer (CMO) as part of moves to strengthen its leadership team under Group CEO Raman Bhatia. As a member of the bank’s executive committee, Michele will be responsible for driving Starling’s next phase of growth through brand development, customer engagement, and product marketing.

Product 52

Product 52

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

The Paypers

NOVEMBER 29, 2024

All-in-one payroll and HR platform for global businesses Deel has announced the acquisition of UK-based money transfer service Atlantic Money.

Acquirers 50

Acquirers Payroll 50

Finextra

NOVEMBER 29, 2024

KPMG UK has joined FinTech Scotland, the cluster management organisation for fintech in Scotland. The two organisations will work closely together to help foster innovation, accelerate growth and drive technology adoption within the Scottish financial technology sector.

FinTech 52

FinTech Innovation Technology 52

Paystand

NOVEMBER 29, 2024

Table of Contents What is Know Your Customer? How to Do KYC for Customers? What Are the KYC Regulatory Requirements for Know Your Customer? Know Your Customer Example What Happens if a Customer Fails KYC?

Compliance 40

Compliance 40

Finextra

NOVEMBER 29, 2024

Money transfer giant Wise was ordered by European regulators to put in place a formal remediation plan over issues with its anti-money laundering controls, according to the Financial Times.

Money Laundering 52

Money Laundering AML Regulations 52

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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.

AI

The Paypers

NOVEMBER 29, 2024

ECB and Norges Bank have signed an agreement for Norway to join TIPS, in order to add the Norwegian krone to Eurosystem’s instant payment service.

Instant Payments 45

Instant Payments Agreements Payments 45

Finextra

NOVEMBER 29, 2024

MyFatoorah, a leading payments platform and the only payment service provider (PSP) licensed in all GCC countries offering payment solutions across the Middle East, has announced its strategic collaboration with Mastercard to introduce new digital payment gateway platform, powered by Mastercard Gateway.

Payment Gateways 52

Payment Gateways Gateways Payment Service Provider (PSP) Visa 52

The Paypers

NOVEMBER 29, 2024

NFU Mutual has entered a strategic partnership with Synectics to strengthen its fraud prevention measures and improve the experience for genuine customers.

Fraud Prevention 41

Fraud Prevention 41

Finextra

NOVEMBER 29, 2024

Renowned luxury jeweller, Fabergé, will be commissioned to create its first-ever Christmas Egg Objet by Konvi, Europe’s leading luxury assets fractional investment platform.

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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.

Payments