Payments Dive

JUNE 5, 2024

The Safer Banking Act and federal rescheduling of marijuana could simplify transactions for payments companies doing business in the arena.

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Payments Transactions 158

Finextra

JUNE 5, 2024

The Bank for International Settlements says it multi-central bank CBDC platform, Project mBrige, is ready to accept value added products and new use cases as it reaches minimum viable product stage (MVP).

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CBDC Central Bank Settlement Use Case 145

Stripe

JUNE 5, 2024

In this blog post we’ll share an overview of Stripe’s database infrastructure and discuss the design and application of the Data Movement Platform.

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Database Posting 145

Bank Automation

JUNE 5, 2024

AMSTERDAM — ING is using generative AI in its know-your-customer processes to boost productivity for its data analysts and improve the client experience. The generative AI efforts for KYC have both an operational and client benefit, Marnix van Stiphout, chief operating officer and chief technology officer ad interim at 976 billion euros ($1.

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AI Process Product Technology 122

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

Finextra

JUNE 5, 2024

Join FinextraTV as Gregory Verlinden, Vice President of Analytics & AI at Cognizant; Fred van Pouderoijen, IT Domain Manager for Payments at Rabobank; and Annette Harris, Head of Financial Services Netherlands at Microsoft, discuss the transformative impact of Generative AI on the financial services industry. Discover how engineers can leverage emerging technologies, how GenAI is reshaping the market for FSIs, and the benefits for SMEs.

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AI Technology Payments 111

Finovate

JUNE 5, 2024

The U.S. Small Business Administration plans to issue a new SBA loan option for small businesses. The new pilot program will extend lines of credit of up to $5 million and will charge an annual fee and a maximum interest rate that is 3% to 6.5% higher than the prime rate. Lenders will receive a 75% guaranty on loans larger than $150,000 and an 85% guaranty on loans smaller than $150,000.

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Small Business Governance Government Credit Cards 103

Fintech Finance

JUNE 5, 2024

Today, Ripple , the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction , the global leader in cross-border payments solutions for regulated institutions. The partnership will see Clear Junction facilitating instant and secure GBP and EUR-denominated payout coverage for Ripple’s payments customers. A host of new currencies are scheduled to be switched on for Ripple customers later this year.

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Cross-Border Payments Cross-Border Multi-Currency IBAN 98

Finextra

JUNE 5, 2024

A new stock exchange backed by BlackRock and Citadel Securities is being established to take on the New York Stock Exchange and Nasdaq.

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Security 111

Fintech News

JUNE 5, 2024

Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). Currently, most BNPL products are not covered by the National Consumer Credit Act, leaving consumers without the same protections such as affordability checks that apply to credit cards and loans.

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Regulations BNPL Product Consumer Protection 109

Finextra

JUNE 5, 2024

The global fintech market is growing rapidly with a market size expected to top $608 billion by 202.

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FinTech 111

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

JUNE 5, 2024

In this era of technological innovation, companies are increasingly entrusting critical services to external partners. From handling operations to managing human resources and steering application development, the outsourcing landscape is undergoing a significant change. In the financial sector alone, the global outsourcing market is projected to reach a value of US$68.8 billion by 2030.

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FinTech Mitigation Risk On-Demand 106

Payments Dive

JUNE 5, 2024

The parent to payments service Zelle aims to inform seniors about scams as it faces congressional scrutiny over its fraud reimbursement practices.

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Zelle Scams Payments 78

Fintech News

JUNE 5, 2024

Sumsub, a global verification platform, has announced its partnership with the Mastercard Engage Partner Programme. This collaboration focuses on providing digital first solutions to enhance customer onboarding and compliance processes. By joining the Engage Programme, Sumsub aims to streamline customer onboarding, reduce fraud risks, and foster trust, ultimately improving the digital experience for end-users.

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Visa Product Fraud Detection Fraud Prevention 106

Finextra

JUNE 5, 2024

Remote, the leading global HR platform for distributed companies, has selected Nium, the global leader in real-time cross-border payments, to enhance its international payroll capabilities.

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Cross-Border Payments Cross-Border Payroll Payments 78

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

Fintech News

JUNE 5, 2024

Thredd, a growing global payments platform, has announced its partnership with Discover Global Network at the Money20/20 Europe event. This collaboration aims to meet the increasing demand from Thredd’s clients for more flexible card programmes, especially those requiring cross-border card issuance. Discover Global Network, which processes billions of transactions for over 305 million cardholders globally and is accepted at over 70 million merchant locations, will enhance Thredd’s service

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APACS Cross-Border On-Demand Global Payments 105

Finextra

JUNE 5, 2024

The Consumer Financial Protection Bureau (CFPB) has taken another step designed to promote open banking in the US, finalising a rule for recognising data sharing standards and preventing incumbents from "squelching" startups.

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Consumer Financial Protection Bureau (CFPB) CFPB Consumer Rules 72

BlueSnap

JUNE 5, 2024

Every interaction customers have with your brand contributes to their customer experience. From searching your website to speaking with sales or support, each touchpoint impacts whether customers want to start and keep doing business with you. The better the experience, the more likely customers will rely on — and recommend — your company. The post Improve Customer Experience with Better B2B Billing & Payments appeared first on BlueSnap.

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B2B Payments Posting 71

Bank Automation

JUNE 5, 2024

Card giant Mastercard and digital bank bunq are teaming up on open banking and AI, the companies announced this week at Money2020 in Amsterdam.

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Visa AI Transactions 80

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AI

Finextra

JUNE 5, 2024

Australia's government is prepping legislation that would require buy now, pay later providers to carry out basic credit checks on new customers.

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BNPL Rules Checks Government 75

Finovate

JUNE 5, 2024

U.K.-based insurtech Eleos has secured $4 million in seed funding. The round was led by Fuel Ventures and Indico Capital. Early-stage investor APX also participated. Eleos made its Finovate debut earlier this year at FinovateEurope in London. Eleos , an insurtech and income protection provider based in the U.K., has raised $4 million in seed funding.

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Security Participant Authorization Product 64

Finextra

JUNE 5, 2024

The former French President, François Hollande, gave a keynote session at Money 20/20 speaking on the current state of French technology investments and about how he turned France into a Fintech hub.

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FinTech Technology 69

The Fintech Times

JUNE 5, 2024

As many of the world’s largest banks meet at Money2020 in Europe this week, green fintech Cogo asks whether they are responding to climate change at the necessary pace. There is a clear appetite from customers for banks to help tackle the climate crisis. 70 per cent of customers want to see their bank take action to reduce their own environmental impact and 75 per cent of banking customers want to know more about the environmental impact of how they spend their money.

FinTech 59

FinTech Regulations Risk Innovation 59

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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

Finextra

JUNE 5, 2024

Join FinextraTV at Money20/20 Europe 2024 as Amanda Gourbault, EVP and Head of Marketing at CompoSecure, discusses the role of credit and debit cards beyond traditional payments. We look to the near future to understand how payment cards can maintain and enhance security while minimizing purchase rejections, and discover how real-time innovations are addressing customer demands and industry needs for secure and seamless transactions.

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Debit Card Addressing Security Innovation 69

The Fintech Times

JUNE 5, 2024

Most consumers in the UAE are confident in managing their finances, although gaps in financial knowledge persist, according to Visa ‘s 2024 Financial Literacy Survey. The survey, which assessed the financial habits and awareness of individuals aged 18 to 55 in Dubai, Abu Dhabi, and Sharjah, highlights both strengths and areas for improvement. More than half of respondents across all age groups report confidence in their financial situation, with a significant majority actively monitoring t

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Financial Literacy Finance BNPL Credit Cards 59

Finextra

JUNE 5, 2024

Founded by a team of former Swift executives, iPiD (International Payment Identity) has raised $5.3 million to roll out a Confirmation of Payee product across Europe.

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Payee SWIFT Security International Payments 69

The Fintech Times

JUNE 5, 2024

TSB and Fintech Scotland invite fintech startups to apply for the fourth Innovation Labs, focusing on open banking, while also announcing a partnership with Doshi for financial education. This year, TSB is looking to work with fintechs that have open banking propositions that will deliver money confidence to customers, offering them a more personalised experience and access to a range of financial products such as savings, insurance, investments and pensions.

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Innovation FinTech Continuity Posting 59

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End User

Finextra

JUNE 5, 2024

Capital One, Stripe and Adyen have banded together on a free, open source product designed to help reduce fraud losses and false declines for merchants.

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Product 72

The Fintech Times

JUNE 5, 2024

On day two of Money20/20 Europe 2024 , François Hollande, the former French president, delved into his efforts to position France as a tech leader, highlighting tax incentives, the creation of the French public bank, and a flourishing startup scene with 33 unicorns. There was a full house for Hollande, who sat down on the Exchange Stage for a conversation with Money20/20’s chief strategy and growth officer, Scarlett Sieber , covering everything from fintech-focused policies he implemented betwee

Small Business 59

Small Business AI B2B Correspondent 59

Finextra

JUNE 5, 2024

Join FinextraTV at the Temenos Community Forum 2024 as Tony Coleman, Chief Technology & Innovation Officer at Temenos and Cormac Flanagan, Head of Product Management at Temenos discuss the recently announced launch of Temenos Positions. They cover how real time, single source of truth financial processing is needed, because it provides a critical view across a bank’s complex landscape, particularly benefitting fund authorisation and intraday liquidity.

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Process Innovation Product Technology 64

The Fintech Times

JUNE 5, 2024

EBANX, a global cross-border payments fintech, has teamed up with Ozow , South Africa’s instant EFT payments provider, expanding their strategic partnership to further enhance digital payment solutions in South Africa. The collaboration aims to streamline transactions, support merchants of digital products and services, and cater to the country’s young, tech-savvy population. “Our enhanced collaboration with Ozow is a testament to our belief in the potential of the South Africa

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Digital Payments Cross-Border Cross-Border Payments Financial Inclusion 59

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.

Embedded Finance