Fintech News

OCTOBER 28, 2024

The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions. Project Mandala was carried out in collaboration with the Reserve Bank of Australia, the Bank of Korea, Bank Negara Malaysia, and the Monetary Authority of Singapore. The initiative showcases how regulatory requirements can be embedded directly into cross-border payment processes, aligning with G20 priorities to ma

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Finextra

OCTOBER 28, 2024

The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the "only game in town" as commercial banks lack the incentive to push for innovation.

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Fintech News

OCTOBER 28, 2024

Payments giant Mastercard has introduced Bill Qkr , a digital solution aimed at simplifying recurring and one-time bill payments for consumers and businesses. Bill Qkr offers a secure, card-based system designed to make payments easier for merchants, acquirers, payment facilitators, and service providers through flexible options and streamlined collection processes.

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Fintech Finance

OCTOBER 28, 2024

FV Bank, in partnership with Visa, has today announced at Money20/20 Las Vegas (October 27-30), the launch of FV Bank’s new debit cards and corporate expense cards. Available to both U.S. and international customers and businesses, the individual debit cards and corporate expense cards can be used worldwide, providing individuals and businesses with seamless access to their FV Bank fiat and digital asset custody balances offering global payment convenience and enhanced financial flexibility.

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Debit Card Online and Mobile Banking ATM Card Issuer 145

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

Fintech News

OCTOBER 28, 2024

Thunes, a global payments company, has launched a new Pay-to-Card solution that allows its members to send real-time payments to 15 billion Mastercard, Visa, and UnionPay cards worldwide. This expansion increases Thunes ‘ global reach to 22 billion endpoints, adding to its existing capability to pay directly into 7 billion mobile wallets and bank accounts.

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Global Payments Visa Cross-Border Payments Cross-Border 122

The Payments Association

OCTOBER 28, 2024

The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digital payments, and evolving consumer behaviours. The traditionally stable environment, where banks outsourced processing to established providers, has been shaken up by the emergence of fintech players.

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Fintech News

OCTOBER 28, 2024

Finfra, an Indonesian lending-as-a-service infrastructure provider, has raised US$2.5 million in a funding round led by Cento Ventures. The fundraise was also joined by Accion Venture Lab, Z Venture Capital, and Avafin’s founder, Matiss Ansviesulis. The investment will help Finfra scale its embedded lending solutions to support Indonesia’s digital SME ecosystem.

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Fintech Finance

OCTOBER 28, 2024

Dojo , a leading payment technology provider, has announced a major milestone in its mission to support small and medium-sized enterprises (SMEs) across the UK. Through its long-standing partnership with global embedded financing platform YouLend, Dojo has extended over £1 billion in flexible funding since 2020. Over the past four years, the partnership has provided financing to more than 20,000 businesses.

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Fintech News

OCTOBER 28, 2024

The Monetary Authority of Singapore (MAS) has unveiled the finalists for the 2024 Global Fintech Hackcelerator. The winners of the competition will be announced on 7 November 2024 during the SFF Fintech Excellence Awards. The 2024 Hackcelerator, themed “Improving Financial Health,” aims to foster solutions that help individuals and businesses manage their finances more effectively.

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Finextra

OCTOBER 28, 2024

Tappy Technologies has launched a combined fitness and contactless payments ring.

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The Payments Association

OCTOBER 28, 2024

What is this article about? Key findings from the Half Year Fraud Report 2024 by UK Finance, detailing the evolving threats in payment fraud. Why is it important? It highlights the rising trends in fraud and stresses the need for payment leaders to implement stronger prevention strategies and collaborations. What’s next? Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks.

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Fintech News

OCTOBER 28, 2024

Global payments infrastructure provider Nium has launched Nium Verify, a real-time bank account verification service available in 50 markets. Designed for businesses and individuals, Nium Verify allows instant confirmation of bank account details before transactions. This helps to reduce payment failures, operational inefficiencies, and compliance risks in cross-border payments.

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Finextra

OCTOBER 28, 2024

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Monday) the launch of the HKEX Virtual Asset Index Series (Index Series), offering a reliable benchmark for a fast-emerging asset class that supports Hong Kong's development as Asia's leading digital assets hub.

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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

Fintech Finance

OCTOBER 28, 2024

Worldpay ® and Capital One have joined forces in a new collaboration to optimize payment fraud decisioning and enhance payment security and efficiency with a data sharing agreement. Merchants enrolled in Worldpay’s flagship fraud detection and prevention solution, FraudSight , will automatically receive the benefits when accepting a payment made using a card issued by Capital One.

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Fintech News

OCTOBER 28, 2024

The Singapore Fintech Festival (SFF) has announced the finalists for its 2024 Fintech Excellence Awards, organised in partnership with the Singapore Fintech Association (SFA) and supported by PwC Singapore. These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financial inclusion, and improving service delivery.

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Fintech Finance

OCTOBER 28, 2024

Nium, the leading global infrastructure for real-time cross-border payments, today announced the launch of Nium Verify , a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Designed to empower businesses with instant verification of beneficiary bank account details, Nium Verify aims to reduce errors, operational inefficiencies, and compliance risks, increasing the confidence of the finality of real-time payments.

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Finextra

OCTOBER 28, 2024

B2C2, a global leader in institutional liquidity for digital assets, announced today that it is adding OpenPayd’s embedded finance capabilities to its own global instant settlement network.

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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 Finance

OCTOBER 28, 2024

Don’t gamble on payments! We’re not messing about with magazines recently. Following the release of The Insurtech Magazine #11 , here’s another bumper edition of The Paytech Magazine for all you fintech fans. This time we’ve got a focus on how the point of sale is changing and how the range of customer options is more diverse than ever. You can find prophets of revolution, innovative founders and financial experts galore in the pages of TPM #15.

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Finextra

OCTOBER 28, 2024

HSBC and Ant International have completed HKD-denominated cross-bank blockchain-based test transactions under the Hong Kong Monetary Authority’s Ensemble Sandbox.

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Fintech Finance

OCTOBER 28, 2024

Network International (Network), a leading enabler of digital commerce in the Middle East and Africa (MEA), and leading global digital payment and financial technology provider Ant International , have signed a Memorandum of Understanding to extend innovative digital payment solutions to businesses in the Middle East and Africa, driving digital transformation and financial inclusion in the region.

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The Payments Association

OCTOBER 28, 2024

The payments landscape is shifting, with digital-first experiences becoming the new standard. The card scheme Click to Pay mandate underscores this evolution, making it mandatory for issuers to adopt a more streamlined, card-on-file experience that prioritises security and user convenience. But beyond compliance, what does Click to Pay mean for the payments industry today, and how can card issuers navigate this transition effectively?

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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 Finance

OCTOBER 28, 2024

Adyen, the financial technology platform of choice for leading businesses, has today launched a new report with Boston Consulting Group (BCG) which reveals a game-changing $185 billion market opportunity for SaaS platforms, a substantial 25% increase since 2022. BCG’s analysis reveals this market growth is driven by a favorable interest rate environment — due to higher bank revenues from accounts — and an overall expansion of banking revenue pools. aIn parallel, the demand for embedded fin

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Embedded Payments Embedded Finance Research Finance 98

Payments Next

OCTOBER 28, 2024

By Steve Tcherchian, CISSP, PCI-ISA As we near the holiday season, thieves are hard at work with new and clever tactics designed The post 4 Reasons Why You Should Ditch Your Debit Card This Holiday Season (and permanently) first appeared on Payments NEXT.

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Fintech Finance

OCTOBER 28, 2024

PSQ Holdings, Inc. (NYSE: PSQH) (“PublicSquare,” or the “Company”) today reported the formal launch of its payments platform, the implementation of a strategic plan to streamline the organization, and the announcement of a private investment in public equity transaction (“PIPE”) of $5.35 million to help fund the growth of its payments vertical and for other general corporate purposes.

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Finextra

OCTOBER 28, 2024

The Bank for International Settlements (BIS) along with central banks in Australia, Korea, Malaysia and Singapore have successfully demonstrated the feasibility of embedding regulatory compliance requirements with cross-border financial transactions.

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Cross-Border Central Bank Use Case Compliance 83

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Fintech Finance

OCTOBER 28, 2024

Kia has launched CarPay, the brand’s in-car payment service that enables customers to pay for items and services from inside the vehicle, starting with the EV3. The first application available will be with Parkopedia , which helps drivers in Europe locate available parking and pay for it conveniently through the vehicle’s navigation screen. “Adding an in-car payment service is a significant advancement for customer convenience as software and connectivity continue to expand the capability of a

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Payments Use Case Transactions Finance 98

Finextra

OCTOBER 28, 2024

Citi has inked a multi-year agreement with Google Cloud that will see the US banking giant tap into the vendor's Vertex AI platform.

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Fintech Finance

OCTOBER 28, 2024

PCBB and Finzly , two leading innovators in the financial payments industry, have formed a strategic partnership to deliver enhanced international payment services to Finzly’s customers. PCBB is the first bankers’ bank to provide services to Finzly BankOS , a 24/7 real-time platform designed to help financial institutions accelerate their payment transformation.

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