Fri.Jul 19, 2024

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The Role of PCBs in Cybersecurity

VISTA InfoSec

As fraudsters are continuously finding new ways to strike, we’re continuously finding new ways to prevent them with controls such as encryption, multi-factor authentication, fraud detection software, etc. But not everyone is aware that it all begins with how electronic devices are designed. With the way Printed Circuit Boards (PCBs) are laid out and built, to be precise.

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Bank of America, JPM, TD and Visa affected by global CrowdStrike outages

Bank Automation

Banks, airlines and other organizations using Microsoft have reported down systems across the globe as cybersecurity firm CrowdStrike is suffering from the biggest IT outage in history.

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Singapore Invests S$100million to Boost Quantum and AI in Financial Sector

The Fintech Times

The Monetary Authority of Singapore (MAS) has committed an additional S$100million to support the development of quantum and artificial intelligence (AI) technologies in the financial sector. This investment is part of the Financial Sector Technology and Innovation Grant Scheme ( FSTI 3.0 ) and aims to foster innovation and enhance technological capabilities in finance.

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New inventory management system allows Waitrose to further improve stock availability

The Payments Association

Waitrose is working with Trust Retail, a Trust Payments company, to implement a new system which will further improve store availability and free up Partner time for customer facing activities.

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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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What ESG Challenges do Fintech Firms Face?

The Fintech Times

Now encapsulating a focus on societal impact and the environment, the term ‘fintech for good’ has evolved from its initial meaning of charity. But it doesn’t stop there. This July, we are on the hunt to find out how the fintech industry is doing ‘good’ for local communities and the world, revealing current and future plans to make change. Greenwashing , providing incorrect information to the public about the ethical and environmental impact of a firm, was one of the biggest challenges facing fin

FinTech 105
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Trust Payments powers Freepay PayOut for use across Nordics

The Payments Association

Trust Payments, a fintech leader driving truly innovative customer commerce solutions, has agreed a new deal to power payouts provided by Danish payments gateway firm Freepay, part of the Freeway group.

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Trust Retail’s use of microdonations recognised at Retail Systems Awards

The Payments Association

The Trust Retail partnership with Pennies and independent pharmacy chain Well was named the winner of the Retail Charity Partnership of the Year at the Retail Systems Awards last night (19 June 2024).

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CFPB Proposes Interpretive Rule to Ensure Workers Know the Costs and Fees of Paycheck Advance Products

Fintech Finance

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. The guidance will ensure that lenders understand their legal obligations to disclose the costs and fees of these credit products to workers.

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Launching a digital wallet.

The Payments Association

In today's fast-evolving digital landscape, the choices organisations make regarding their customer experience are crucial. Whether you're designing a new card program or enhancing an existing one, your digital wallet strategy will significantly impact your user experience and relevance in the market. Planning to launch a digital wallet anytime soon?

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SEPA, ISO 20022 and the Road to Innovation and Resiliency

Finextra

At EBAday 2024, Renata Vilanova Lobo, Head of Global Clearing, J.P. Morgan Payments, explores the cross-border impact of SEPA on European and global interoperability and why ISO 20022 is crucial for financial institutions. There is an urgency for financial institutions to transition because of deadlines, but also due to the great benefits this change can bring to the industry, being the biggest change in payments in the last 30 years.

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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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Unlocking the potential of card issuer processors: Challenges and opportunities

The Payments Association

Card issuer processors face integration, compliance, and fraud challenges but can stay competitive by streamlining processes and enhancing customer experiences.

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JPMorgan Chase invests in B2B payments startup Slope

Payments Dive

The big bank’s payments unit and Y Combinator were among investors providing $65 million in financing for the business-to-business upstart this month.

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Evaluating Loan Origination Software: 9 Critical Questions to Ask

Finezza

When lenders choose a suitable loan origination software (LOS), it can significantly boost their operational efficiency, improve customer experience while mitigating security risks and providing a competitive edge. According to a 2024 study, loan origination systems that incorporate automated workflows, mobile features, and e-signing capabilities can reduce loan processing times by up to 30%.

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Fifth third must invest in tech to manage regulatory risk

Bank Automation

Fifth Third Bank applied legacy practices to its digital account opening process, which has led to regulatory scrutiny. The Consumer Financial Protection Bureau alleged that the Cincinnati-based bank opened fake accounts in its customers’ names and used a cross-selling strategy to boost its product and services sales, according to a CFPB July 9 release.

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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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What are Visa Chargeback Reason Codes?

Fi911

Visa chargeback reason codes are a set of codes used by Visa to classify various reasons for chargebacks, which are disputes filed by cardholders against merchants. These reason codes help in categorizing the dispute and determining the appropriate course of action. Each chargeback is associated with a unique 2-to-4-digit alphanumeric reason code issued by the cardholder’s bank, detailing the basis for the dispute.

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The Fintech Apocalypse is Here as Zombie Firms on the Rise

The Fintech Times

A zombie company is a firm which is making just enough to cover its overheads but not enough to pay off its debts or invest in growth. According to research from global management consultancy, Kearney , the number of zombie firms across the globe has increased by nine per cent since 2010. In 2023 alone, Kearney identified 827 new zombie companies, as the new total reached 2,370.

FinTech 72
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Cybersecurity platform Crowdstrike down worldwide

The Paypers

Crowdstrike , a cyber security solutions provider, has been facing an outage, with users in several countries around the world being affected by the issue.

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Finovate Global Brazil: Instant Payments, Acquiring AI Tech, and Money for Med Students

Finovate

This week’s edition of Finovate Global looks at recent fintech developments in Brazil. Brazilian fintech Matera raised $100 million in funding from U.S. investor Warburg Pincus. The investment gives Warburg Pincus a majority stake in the firm, and is designed to help fuel Matera’s expansion into North America. A key part of Brazil’s PIX instant payments ecosystem, Matera offers core banking, instant payments, and QR code payment technology to more than 250 banks, credit unions,

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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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Airwallex granted Oz licence to offer businesses access to retail investment products

Finextra

Airwallex, the Australia-founded leading financial platform for modern businesses, has become the first major payments company to be granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer businesses access to retail investment products.

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Visa, OpenTable partner on dining perks program

Payments Dive

The card giant expects to expand the network beyond its pilot markets, Los Angeles and Chicago.

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Cboe Clear Europe participates in Eurosystem CBDC trial

Finextra

Cboe Clear Europe, the largest pan-European clearing house, has successfully participated in the Eurosystem’s recent exploratory work testing the use of new technologies for the settlement of wholesale transactions in central bank money. The experiments specifically aim to explore the potential of distributed ledger technology (DLT).

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How are payment hubs implemented in Germany?

Nomentia

As companies in Germany expand both regionally and globally, the need for effective and efficient payment processing becomes increasingly critical. While many organizations may not initially seek a " payment hub ," they soon recognize the benefits the tool can provide for centraliz ing and streamlin ing payment processes.

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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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Xsolla Optimises Payment Channels for Gaming Developers With Expansion, Acquisition and Launches

The Fintech Times

Global video game commerce company, Xsolla , has unveiled a number of new launches and milestones, as well as an acquisition, as it looks to enhance its influence across a larger region and help developers unlock enhanced revenue and increase conversion rates. Xsolla has expanded its payment solution across Southeast Asia, East Asia, and Pacific markets.

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How Open Banking will Enable Embedded Finance

Finextra

At EBAday 2024, Afonso Eça, Appointed Executive Board Member, Banco BPI, expands on the future of open banking and embedded finance and how these two trends are transforming the financial industry. While regulatory pushes such as PSD2 led to more uptake of open banking, financial institutions continue to take advantage of what is occurring in the fintech space and move forward.

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OKX Selects Hub in Line With MiCA as it Prepares for a Regulated Crypto Future

The Fintech Times

To become a globally renowned crypto exchange, a firm must have a presence in the EU. Especially as, according to research from triple-a.io, the crypto payments institution, there are over 44 million crypto users in the region. However, exchanges operating within the EU must now comply with the Markets in Crypto-Assets (MiCA) regulation which involves having a hub approved by the European Union.

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Selective Insurance Employs One Inc’s ClaimsPay® Solution

Fintech Finance

One Inc , the leading digital payments network for the insurance industry, has announced that Selective Insurance , a leading business, home, and auto insurer, has selected One Inc’s ClaimsPay® digital payment solution. The ClaimsPay digital payment system revolutionizes how individuals receive claim funds by leveraging popular payment platforms such as Venmo and PayPal for quick and direct transfers.

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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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New Initiative Merges Art Pricing Data with Financial Market Analytics

The Fintech Times

BMLL and ARTEX Global Markets have joined forces to enhance art investment strategies by merging art pricing data with financial market analytics. The partnership between BMLL, a provider of harmonised historical data and analytics for financial markets, and ARTEX Global Markets, a regulated trading facility focused on art, aims to provide advanced tools for more accurate predictions and optimised trading strategies.

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Understanding Decentralized Finance (DeFi): The Future of Finance

Paystand

Table of Contents What is Defi? Understanding DeFi Technology Introduction to Smart Contracts DeFi and Traditional Finance: A Brief Comparative Study DeFi Examples What is the Best DeFi Platform? What is DeFi in Crypto? Is DeFi Safe? Regulation and Compliance in DeFi The Future of DeFi How to Make Money with DeFi? How to Invest in DeFi?

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Thought Machine and Quantifeed Combine Capabilities to Help Banks Digitally Service Customers

The Fintech Times

Thought Machine , the London-based cloud-native banking technology company, is joining forces with Quantifeed , the digital wealth management solution provider, to combine their capabilities to better service the global private banking sector. By combining the capabilities of the Quantifeed ‘QEngine’ platform and the core banking platform ‘Vault Core’ from Thought Machine, the firms are looking to offer a new comprehensive solution for private banks.

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Jifiti releases Tap Now, Pay Later tech

Finextra

Jifiti, a global embedded lending technology company, has announced the release of its Tap Now, Pay Later™ technology, which enables consumers and business customers to easily add their approved loan or credit funds into any digital wallet, including Apple Pay, via virtual card.

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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.