Fri.Mar 15, 2024

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Open Energy is Open for Business

Open Banking Excellence

A look at four of Australia’s Open Energy use cases While the world has taken Europe’s lead on Open Banking, Australia started with an economy-wide approach informed by the Consumer Data Right (CDR), which implemented economy-wide Open Data. It started with Open Banking, moved onto Open Energy and is now taking aim at other industries too. Australia’s Open Energy programme went live with 20 energy providers in November 2023, and the use cases are starting to take shape.

Use Case 147
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CFPB warns of ‘dangers’ on standards for open banking

Payments Dive

“We know dangers exist when more powerful players weaponize industry standards,” Consumer Financial Protection Bureau Director Rohit Chopra said in advance of finalizing an open banking rule later this year.

CFPB 161
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GoCardless to buy Nuapay from EML Payments

Finextra

GoCardless is creating a full-service bank payments provider through the acquisition of open banking business Nuapay from Australia's EML Payments in a deal worth €32.75 million.

Payments 119
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Fintech founder backs Google, Apple

Payments Dive

“It’s easy for giant app companies to pick fights with Apple and Google, but when billionaire companies fight about who gets richer, it’s usually the little guy that loses,” writes CashEx’s CEO.

FinTech 97
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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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MPE 2024: AI-driven misinformation and consumer education in fraud

Finextra

In an exclusive interview at Merchant Payments Ecosystem 2024, trust and safety architect at Sift Brittany Allen spokes with Finextra on new challenges in the fraud space, and how the spread of misinformation on social media is a major concern with AI-driven technology.

AI 116
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Everything You Need to Know About Secure Payment Processing Systems

Stax

Data protection and security are crucial not just for safeguarding customer information, but for protecting business owners as well. Having and maintaining secure payment systems is integral for protecting yourself and your customers. Because more credit card-oriented purchases take place online, security and fraud protection are top priorities. Making sure there are secure payment technology policies and procedures within your company will guarantee the integrity of present and future transacti

Process 88

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February 2024 Product Changelog

Basis Theory

In February, the engineering team spent our time working on big picture items as well as granular bug fixes to improve platform performance. Read on for details of how we launched 3DS beta, released React Native Version 1.0, and improved platform performance in February.

Product 88
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BlueSnap’s Ultimate List of Digital Payment Methods for Global Businesses

BlueSnap

Does your eCommerce business have enough payment methods to satisfy everyone? Check your offerings against this complete list. The post BlueSnap’s Ultimate List of Digital Payment Methods for Global Businesses appeared first on BlueSnap.

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Bridging the gap: Reinventing global correspondence in emerging markets amidst the decline of traditional banking relationships

The Payments Association

Exploring innovative solutions to address the challenges and opportunities in global financial connectivity as traditional correspondent banking relationships diminish.

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The Rise of Generative AI in Banking and FinTech

Finextra

Generative AI, or GenAI has emerged as a disruptive force reshaping the landscape of banking and Fin.

AI 116
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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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Fiserv searches for ‘tuck-in type’ deals

Payments Dive

Despite a focus on smaller acquisition options, the processor doesn’t feel confined to a particular price range, CFO Bob Hau suggested Thursday.

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Silverbird enters special administration

Finextra

Silverbird, the digital payments platform for international trade, has been confirmed to have gone into special administration by the Financial Conduct Authority (FCA).

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Fintechs look to megabanks a year after SVB collapse

Bank Automation

Fintechs are looking to legacy banks with strong portfolios to provide seamless onboarding and digital capabilities following the regional banking crisis last year.

FinTech 80
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By delaying instant payments, if suspicious, be effective?

Finextra

At UK first Global Fraud Summit, HM Treasury plans to introduce legislation, only to apply to suspic.

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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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Grasshopper CEO previews faster check clearance

Bank Automation

Digital Grasshopper Bank will roll out an improved check-clearing process this year to streamline the time between depositing a check and gaining access to the funds.

Checks 75
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FinTech Scotland and Techscaler Partner to Accelerate Scottish Fintech Growth

The Fintech Times

Fintech SMEs in Scotland currently employ more than 10,500 people across 226 enterprises, with 38 per cent of fintechs having reached scale-up stage. Looking to ensure this growth continues, and to accelerate the ecosystem, FinTech Scotland , the Scottish fintech cluster body, has partnered with Techscaler , the Scottish Government’s tech startup support programme.

FinTech 69
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APWHY? Public APIs, Automation, and The Strategy Banks Are Missing

Bank Automation

We Were Promised Flying Cars In 2014, Gartner predicted over 75% of the Fortune 1000 would have public APIs by 2017. This number is way higher in 2024!

API 75
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Binance Academy and the Blockchain Center Bring Education Outreach Programme to Morocco

The Fintech Times

Binance Academy , a free educational platform helping people learn about cryptocurrency, is partnering with the Blockchain Center , a global research lab, and ENSET-Université Hassan II de Casablanca to extend its Global University Outreach Program (GUOP) to Morocco. Binance Academy and Blockchain Center are hoping to reshape the educational landscape for blockchain technology by integrating a blockchain engineering course into the university based in Casablanca, Morocco.

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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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CellPoint Digital partners with La Compagnie

The Paypers

CellPoint Digital has partnered with La Compagnie , a France-based airline, to help the later optimise its payment processes, lower transaction costs, and provide flexible payment options.

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The 2024 Landscape of Digital and Decentralized Currencies

Finovate

In the northern hemisphere, springtime is just a few days away. And along with the melting of snow and blooming of flowers, we’ve also seen growth in a previously frozen area of fintech. That’s because there has been a resurgence of interest in digital and decentralized currencies, thanks to the escalating price of Bitcoin, which has seen record highs this week, topping out at over $73,800 yesterday.

Bitcoin 59
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BMO parnters Elavon on payments platform for US clients

Finextra

One of the world’s largest payment processors, Elavon and BMO, the eighth-largest bank in North America by assets, have announced a partnership, to provide a comprehensive and innovative payment solutions platform to the bank’s clients in the United States.

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Investors Refocused on Profitability After Payment Company Struggles With Interest Rates, Says Jury

The Fintech Times

High payment company valuations and funding rounds were driven by investors bidding up deal prices without paying significant attention to profitability. However, now there is a far greater focus on earlier profitability over hyper-growth; leading to questions on whether this trend will last. The findings come from a new report released by the Payments Innovation Jury , a not-for-profit initiative analysing insight of leaders from the payments industry.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.

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Prometeo launches A2A payments in Mexico

Finextra

Prometeo, a leading fintech infrastructure company connecting global corporations with financial institutions in Latin America, has taken a significant step by introducing its innovative product "account to account payments" to the Mexican market.

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Ryft Enables UK Merchants to Accept Payments From American Express Cardmembers

The Fintech Times

Ryft , the FCA -regulated payments provider, is upgrading its digital platform payments offering thanks to a new partnership with American Express , the global payments company. By partnering with American Express , Ryft can now enable its e-commerce merchants in the UK to accept payments from Amex cards to increase payment flexibility. Ryft is a unified payment platform designed specifically to power marketplaces and B2B platforms.

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How is the EU AI Act Going to Affect Banks’ AI Adoption Ambitions?

Finextra

As we steam ahead into 2024, while banks experiment with generative AI, they also need to be aware o.

AI 75
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Top 4 Finance Networking Events You Can’t Miss This Year

Paystand

Finance professionals understand the value of networking in advancing their careers and staying updated with industry trends. Attending finance networking events is one of the most effective ways to network in the finance world. These events help connect with like-minded professionals, learn from experts, and stay current on the latest developments.

Finance 52
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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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HM Treasury launches consultation to enhance money laundering regulations

Neopay

HM Treasury has initiated an open consultation aimed at refining the Money Laundering Regulations (MLRs) to bolster their effectiveness while reducing burdens on legitimate customers. The consultation, which closes on 9 th June 2024, seeks to address identified shortcomings in the current regulations while aligning with the broader objectives outlined in the Economic Crime Plan 2023-26.

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Elavon and BMO Partner to Bring Innovative Payment Solutions Platform to BMO’s U.S. Clients

Fintech Finance

One of the world’s largest payment processors, Elavon and BMO , the eighth-largest bank in North America by assets, have announced a partnership, to provide a comprehensive and innovative payment solutions platform to the bank’s clients in the United States. The partnership allows for the acceptance, enablement and optimization of credit, debit, and digital payment transactions.

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Nordic Capital to invest in One Inc

Finextra

Nordic Capital, one of the most active and experienced investors in Technology & Payments globally, today announced that it will join Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, as an investor in One Inc (the “Company”), a digital payments platform specializing in modernizing the insurance industry in North America.

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Canary Technologies Partners with Global Fintech Adyen to Transform Hotel Payment Processing

Fintech Finance

Canary Technologies , the #1-rated global Guest Experience Platform, has announced its integration with Adyen , the global financial technology platform of choice for leading businesses. This collaboration enhances the payment processing capabilities offered to hotels, redefining the way digital transactions are conducted in the hospitality industry.

Process 52
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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.