The Payments Association

OCTOBER 14, 2024

Traditionally, consumers stuck with familiar banks, but there’s now a growing trend of current account switching. According to data from Pay.UK, the Current Account Switch Service (CASS) has completed 10.9 million switches since its launch and successfully redirected 152.7 million payments, with motivations for switching including higher interest rates, lower account fees and fewer charges.

Accounts 88

Accounts Consumer Online and Mobile Banking Multi-Currency 88

Finextra

OCTOBER 14, 2024

Russia is pushing for the creation of a new cross-border payment system for Brics countries as part of a scheme that would help the country to evade financial sanctions and reduce its reliance on the US dollar.

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Cross-Border Cross-Border Payments SWIFT Payments 98

DeckCommerce

OCTOBER 14, 2024

If your in-house tech stack has turned into a monster, here are 3 indicators a dedicated order management system can be the solution.

Technology 98

Technology 98

Finextra

OCTOBER 14, 2024

Mastercard is to pilot launch a new service that gives issuers the ability to verify more detailed personal information about cardholders, eliminating the need to upload documents like photo ID, proof of residency or passport.

Visa 84

Visa Verification Issuers 84

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

OCTOBER 14, 2024

Alipay+, a cross-border mobile payment solution by Ant International , has seen a notable increase in global transactions as international travel resumes. The number of travelers using their home payment apps via Alipay+ tripled during the first nine months of 2024, reflecting a shift towards familiar payment methods while abroad. Alipay+ currently connects over 1.6 billion consumers through 30 payment partners, offering access to more than 90 million merchants across 66 markets.

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Transactions Cross-Border Cross-Border Payments Mobile Payments 90

Payments Dive

OCTOBER 14, 2024

The two payments companies have teamed up to provide account-to-account payments for gaming merchants and their customers.

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Payments Accounts 78

Finextra

OCTOBER 14, 2024

Team AgriEco Hub and Team 3: Nature Risk & Reporting have been announced as the winners of this year’s hackathon, which took place in partnership with NayaOne alongside the conference.

Finance 69

Finance Risk 69

Fintech Finance

OCTOBER 14, 2024

Global Screening Services (GSS) , a leading RegTech pioneer, today announced an extended partnership with Swift that will enable financial institutions around the world to access its unique end­ to-end sanctions screening platform over the same infrastructure that they already trust to move money between more than 200 countries and four billion accounts globally.

Cross-Border Payments 89

Cross-Border Payments Cross-Border SWIFT Innovation 89

Payments Dive

OCTOBER 14, 2024

The London-based consumer bank will issue two GM credit cards in the U.S., beginning next summer.

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Card Issuer Issuers Credit Cards Consumer 78

Finovate

OCTOBER 14, 2024

Financial literacy platform Doshi has teamed up with London-based TSB Bank. TSB bank will visit schools to encourage students to use Doshi’s financial literacy app. Headquartered in London, Doshi made its Finovate debut earlier this year at FinovateEurope 2024. Gamified financial literacy platform Doshi has teamed up with London-based TSB Bank.

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Financial Literacy Credit Union Finance FinTech 64

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

Finextra

OCTOBER 14, 2024

Rerail, an angel fund for fintech startups, has closed on a $20 million warchest.

FinTech 97

FinTech 97

Fintech Finance

OCTOBER 14, 2024

Mastercard today takes another step forward in its mission to enhance trust in the digital economy, with the pilot launch of its Identity Attribute Verification service in several European markets. This initiative enables businesses to verify customer identity attributes securely and seamlessly. Mastercard has long supported merchants and financial institutions in assessing risk by leveraging key attributes, such as name and payment information, as part of enabling billions of secure digital i

Verification 70

Verification Visa Privacy Issuers 70

Fintech News

OCTOBER 14, 2024

The Singapore government has blocked NTUC Enterprise ’s proposed sale of Income Insurance shares to Allianz, citing concerns over the structure of the deal. The decision comes despite no objections to Allianz’s suitability as a partner. The government has tabled an amendment to the Insurance Act in Parliament, enabling the Monetary Authority of Singapore (MAS) to withhold approval of transactions involving current or former cooperative insurers if public interest is at stake.

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Blocks Governance Government Authorization 61

Bank Automation

OCTOBER 14, 2024

Financial institutions can couple AI with “behavioral banking” to grow revenue, industry experts say. Behavioral banking is a strategy that banks are exploring to analyze consumer data as a way to present timely products to customers to increase loyalty alongside bank revenue. Banks usually sell the same financial products at about the same price, Dorel […] The post How AI and ‘behavioral banking’ boosts FI revenue appeared first on Bank Automation News.

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AI Automation Product Posting 59

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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.

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Finextra

OCTOBER 14, 2024

Set to launch later this year, Sunshine+Kittens, the new money app partners with MasterCard to offer a full-service account designed specifically for young people, with a focus on educating the next generation on financial literacy.

Financial Literacy 59

Financial Literacy Visa Accounts 59

Fintech Finance

OCTOBER 14, 2024

Standard Chartered has announced the introduction of Autoquote, a new digital request for quote (RFQ) module available on its Straight2Bank Next Gen, the bank’s digital banking platform. The new digital capability offers its clients globally the ability to request pricing quotations for their letters of credit (LCs) confirmation and discounting/negotiation and receive a digital response on demand, from anywhere and at any time.

Finance 55

Finance On-Demand Process FinTech 55

Finextra

OCTOBER 14, 2024

TSB has partnered with Doshi to bring money confidence to schools – as the organisations team up to encourage 1,000 students aged between 13-18 to sign up to the financial education service.

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Fintech Finance

OCTOBER 14, 2024

Orbital , a group of regulated entities acting as leading payments solutions providers, proudly announces it has achieved SOC 2 Type 2 compliance. This significant milestone underscores the company’s unwavering commitment to maintaining the highest standards of security and resilience. Orbital’s compliance was verified through a rigorous audit conducted by A-LIGN , a globally respected Certified Public Accountant (CPA) firm.

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Compliance ISOs Procedures Audit 55

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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

OCTOBER 14, 2024

Credit Referencing Agency AperiData has released a real-time open banking credit score to help lenders more accurately guage the ability of applicants with limited credit history to repay their debt.

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Fintech Finance

OCTOBER 14, 2024

Revolut , the global fintech with more than 45 million customers worldwide and hundreds of thousands of business customers, has today announced the launch of Revolut Terminal in the UK and Ireland, with pre-orders beginning today in the UK and in the next month for Ireland. A new point of sale device optimised for speed, Revolut Terminal will allow businesses to accept payments in seconds and meet the growing demand for quick, reliable point-of-sale (POS) devices.

Point-of-Sale (POS) 55

Point-of-Sale (POS) On-Demand B2B Acquirers 55

The Paypers

OCTOBER 14, 2024

Canada-based financial institution TD Bank has announced its agreement to pay over USD 3 billion, pleading guilty to criminal charges related to money laundering in the US.

Money Laundering 60

Money Laundering Settlement Agreements 60

Stripe

OCTOBER 14, 2024

Join us May 6–8 in San Francisco for Stripe Sessions, our annual user conference. This year, we’re doubling the number of breakout sessions, expanding our training program to give you more hands-on product support, and adding a demo stage to showcase more of Stripe’s key updates.

Product 52

Product 52

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

Transactions

The Fintech Times

OCTOBER 14, 2024

Nurturing local talent and ensuring the Middle East and North Africa (MENA) region continues to be a hub for innovation, Bahrain FinTech Bay (BFB), the fintech ecosystem builder, has launched its MENA Innovation Academy (MENA-IA). The new initiative has been created following a partnership with Reboot Coding Institute (Reboot01), the academic and training institution.

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Innovation FinTech AI Participant 52

Finovate

OCTOBER 14, 2024

The conversation continues with Greg Palmer, host of the Finovate Podcast. This week, we share three of Greg Palmer’s latest podcast interviews with leaders, innovators, and analysts in fintech and financial services. Elizabeth Osborne , Chief Operations Officer at Great Lakes Credit Union (GLCU ), and Greg Palmer talk about successfully onboarding third-party fintechs, from strategy to selection to implementation.

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B2C Innovation Credit Union Credential 52

Bank Automation

OCTOBER 14, 2024

Capital One is offering its AirKey authentication tool to other financial institutions to combat rising fraud. Built in-house at Capital One seven years ago, AirKey is embedded into more than 75 million debit and credit cards and offers an added form of account authentication, Tom Poole, senior vice president, emerging payments, told Bank Automation News. […] The post Capital One offers its authentication tool to FIs appeared first on Bank Automation News.

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Authentication Credit Cards Emerging Payments Automation 52

Finovate

OCTOBER 14, 2024

With Halloween and the U.S. election on the horizon, things may be getting spookier, but that’s not the case in fintech! We’ve seen some potential good news in VC funding trends and expect that there is more to come. Stay tuned throughout the week to read the latest news this week as we post updates and evolutions. Small business financial management tools HubSpot to acquire B2B billing management and CPQ solution, Cacheflow.

FinTech 52

FinTech Small Business B2B Acquirers 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 Fintech Times

OCTOBER 14, 2024

Paytech, UnDosTres is seeing the fruit of its partnership with global payments firm, Unlimit as its payments approval rates have soared with over 80 per cent of payments completed. Arturo Ruiz, commercial director of Unlimit in Mexico A Mexican super-app in the vein of WeChat , UnDosTres’ mobile app facilitates quick and simple payments for a wide range of services, including bills, bus passes, movie tickets, and gift cards.

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Payments Facilitators Global Payments Transactions 52

Finovate

OCTOBER 14, 2024

The idea of a black box has always been unacceptable in financial services. Financial institutions must be able to explain to clients and regulators how decisions are made – are they fair, justified, and sensible? This is where observability comes in and it can do much more than setting your moral compass right. Join Dynatrace, Deloitte, and AWS on October 24 at 2 pm Eastern for a 45-minute live webinar tailored for executives in the financial services industry.

AI 52

AI Innovation Regulatory Compliance Compliance 52

Nanonets

OCTOBER 14, 2024

Oracle NetSuite provides a robust solution for automating many business processes. One of the most powerful features is its built-in Workflow functionality, which allows users to automate a variety of tasks across different business functions. The most common use cases are for approvals , but workflows can also help with automation around invoicing, record-keeping, billing, and even customer management.

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CRM Automation Use Case Process 52

Finovate

OCTOBER 14, 2024

This edition of the Finovate eMagazine brings you insights from FinovateFall 2024. We spoke to dozens of experts, innovators, and strategists from banks, credit unions, wealth management firms, and insurance companies about the hottest topics in fintech. Learn how they: Elevate customer experiences From approaching Gen Z and addressing the painpoints of change to empowering employees and enhancing customers’ digital journeys.

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Credit Union FinTech Risk Management Addressing 52

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