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.
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.
Payments Dive
OCTOBER 28, 2024
Plaid CEO Zach Perret expects consumers to use pay-by-bank services for mortgage and utility payments, but is skeptical they will be used to pay at restaurants or for groceries anytime soon, he said.
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.
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
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.
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
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
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.
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.
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.
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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Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?
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.
Stax
OCTOBER 28, 2024
More companies are bundling complementary products and services into a single discounted package to get customers to spend more for a perceived increase in value for money. In this article, you will discover how bundle pricing works, the different types, and how to successfully implement a bundle pricing strategy in your own business. Let’s get started.
Bank Automation
OCTOBER 28, 2024
Citi Retail Services monitors client feedback to drive innovation efforts, Terry O’Neil, head of connected commerce and strategic growth for Citi Retail Services, told Bank Automation News. In a 2023 Citi survey, 85% of respondents agreed that retailers need flexible payment options at checkout, O’Neil told BAN. To meet that need, the $2.4 trillion Citi […] The post 5 questions with … Terry O’Neil of Citi Retail Services appeared first on Bank Automation News.
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.
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
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.
Fintech News
OCTOBER 28, 2024
Fighting deepfakes and fraudulent identities – Jumio’s holistic approach to building identity trust” with “Jumio Delivers Adaptive Verification as AI Fraud Projected to Hit US$40 Billion. Hong Kong police recently arrested 27 individuals linked to a deepfake scam that swindled victims out of $46 million. The scammers used AI technology to create fictitious female identities for online dating, altering their appearances and voices.
Fintech Finance
OCTOBER 28, 2024
Akurateco , a leading payment platform, proudly announces its pioneering integration of network tokenization in collaboration with Visa , a world leader in digital payments. Network tokenization enhances the security of sensitive payment information while improving user experience and conversion rates. What is Network Tokenization? Network tokenization replaces the Primary Account Number (PAN) with a unique alphanumeric token generated by a Token Management Service (TMS).
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.
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.
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.
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.
Fintech Finance
OCTOBER 28, 2024
Zilch , the fintech payments innovator of the world’s first ad-subsidised payments network (ASPN), today announces the successful expansion of its securitisation facility by an additional £50 million, bringing the total to £150 million. This latest round includes participation from two of the world’s largest credit funds, alongside lead arranger Deutsche Bank.
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.
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.
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.
Payments Dive
OCTOBER 28, 2024
Consumer Financial Protection Bureau Director Rohit Chopra called out bank litigants that sued over the rule, saying he didn’t think they’d even read it.
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.
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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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.
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
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.
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.
Payments Dive
OCTOBER 28, 2024
The companies call the new regulation arbitrary and capricious, carrying a presumption that subscription services are deceptive.
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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.
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