Tue.Apr 30, 2024

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Real-time consumer payments need standards to rise

Payments Dive

To make instant payments a reality for consumers, the payments industry must work together to develop a common framework for the transactions, top industry executives say.

Consumer 190
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Q1 sees almost 500 fintech deals

Finextra

There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto and blockchain proving hot areas, according to data from Royal Park Partners (RPP).

FinTech 130
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What Innovations Can we Expect in the Future for the World of Embedded Finance?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. Concluding our focus on embedded finance this month, we now turn to the future.

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‘Wallet-as-a-service’ startup Ansa raises $14 million with female investors leading the way

TechCrunch Fintech

Ansa, a startup that helps merchants develop and offer branded virtual wallets, has raised a $14 million Series A round of funding, the company has told TechCrunch exclusively. Renegade Partners led Ansa’s latest financing, which included participation from existing backers Bain Capital Ventures, BoxGroup and Wischoff Ventures and new investor B37 Ventures.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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Best Payments Resources To Deepen Your Payments Knowledge

Basis Theory

As the payments industry continues to grow, expand, and evolve, payments professionals will need to stay abreast of the changes in order to remain competitive in the industry. With no shortage of payments resources available today - a Google search for “payments resources” returns over 5 billion results - professionals have nearly unlimited information at their fingertips.

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Stax vs Riverside Payments: Which Solution Should You Choose?

Stax

Accepting card payments is a must for small to medium businesses today. Whether you’re a freelance service provider, a cafe owner, or a retailer, card payments are king, and your credit card processing account is where you hold power to manage and control your fees. Debit and credit card processing all come at a cost for merchants. You may not be able to control the rates set by the banks and card providers, but what you can do is manage those fees through your payment processor.

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Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs

Stax

Whether you run a small online store or a major brand, accepting electronic payments is a must for all businesses. According to Onbe, 73% of consumers prefer using digital payments like cards and payment apps. But to seamlessly receive these payments as a merchant, you’ll need merchant processing services. These are solutions that help you authenticate and accept payments according to your business requirements.

Process 88
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Generative AI vs. Fraudsters: How GenAI will reshape fraud fighting

Finextra

Like nearly everyone else, anti-fraud professionals are anxious to put artificial intelligence (AI).

AI 135
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How to pay Contractors in QuickBooks online?

Nanonets

Businesses increasingly lean on outside contractor support for many operational functions as payroll costs balloon and global talent pools become increasingly accessible. For companies using QuickBooks, a range of self-service contractor payment options are available that, additionally, can be optimized using third-party integrations. We’ll take a quick look at paying contractors through QuickBooks, but, in reality, the process couldn’t be more straightforward for even the least te

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Addressing the Struggles of Compliance Programs: A Call to Action

FloQast

Today, perhaps more than ever before, compliance programs stand as crucial pillars for organizations, offering a roadmap to navigate through an ever-evolving landscape of regulations and risks. For publicly traded companies, compliance upholds stringent regulatory standards to ensure transparency and market integrity, bolstering investor confidence and access to capital.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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FTC sues Doxo over deceptive ads, junk fees

Payments Dive

After the federal agency’s lawsuit landed Thursday, the Seattle bill-pay provider countered the allegations on Friday.

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Notable Capital’s Hans Tung on why founders need to play the long game

TechCrunch Fintech

Hans Tung, a managing partner at Notable Capital, formerly GGV Capital, has a lot of thoughts on the state of venture capital today. With $4.2 billion in assets under management, Notable evolved from 24-year-old cross-border VC firm GGV Capital, and Tung has been around while GGV invested in the likes of Affirm, Airbnb, StockX, Square and […] © 2024 TechCrunch.

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BofE warns payment firms to be ready for new operational resilience rules

Finextra

Payment firms have been warned by the Bank of England that they need to step up their preparations for new 'operational resilience' standards that will come in next year.

Rules 80
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HSBC and PayPal support quantum-safe cryptography in payments

The Paypers

HSBC has partnered with PayPal to introduce quantum-safe cryptography in the payments industry to address future cybersecurity threats.

PayPal 99
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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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Open Banking and A2A Payment Transactions to Reach 600 Billion by 2028 Reveals Juniper Research

The Fintech Times

Open banking’s popularity has skyrocketed as it is making transactions simpler for all parties. Research from Juniper Research , the fintech market researchers, has found that due to open banking and the rise of account-to-account (A2A) payments, the instant payments market will grow by 161 per cent. This is up from $22trillion in 2024. Instant payments are where funds are received in 10 seconds or under, and confirmation of the payment to the parties is available in one minute.

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Ripple enters supply chain finance venture with SBI Group and HashKey DX

Finextra

Ripple is joining forces with SBI Group and HashKey DX to bring XRPL-powered supply chain finance to Japan.

Finance 98
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HSBC to invest in wealth, transaction banking technology

Bank Automation

HSBC is restructuring the organization by leaving some geographic territories, investing in tech and — most recently — undergoing a leadership change. The bank is looking for a replacement for Chief Executive Noel Quinn, HSBC Chairman Mark Tucker announced during today’s first-quarter earnings call.

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Credit technology startup Abound moves into profit

Finextra

British credit technology firm Abound has achieved profitability three years after its launch and is looking to double the size of its team in London from 65 to 130 this year.

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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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In Profile: Matt Bird, Co-Founder and CEO at Lemon

The Fintech Times

Many small to medium-sized businesses (SMBs) rely on software subscriptions to increase efficiencies within their business, through HR, marketing, and accounting programs. Manchester-based fintech Lemon offers a platform that allows SMBs to discover, finance, and control their SaaS subscription spend. Fresh from securing £500,000 in pre-seed funding, we chatted to Lemon’s co-founder and CEO Matt Bird, to learn more about the company, inspired by his own experiences as a small business fou

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Gideon Valkin launches $12 million fund to back Europe’s fintech Mafia

Finextra

Gideon Valkin – formerly of Monzo, ClearScore and Entree Capital – has closed on a $12 million fintech venture fund, Adrena Ventures, and made his first investment in Nustom, an AI startup founded by Monzo’s co-founding CTO Jonas Templestein.

FinTech 69
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How is Embedded Finance in the E-Commerce Checkout Impacting Traditional Payment Providers?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. Continuing our focus on e-commerce and the checkout experience, we now turn our attention to the potential implications of embedded finance for traditional payment processors.

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Tech saves Santander $53M in Q1

Bank Automation

Santander Bank saved 50 million euros ($53.6 million) in the first quarter as the bank leaned into its tech investments for added efficiency.

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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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Quicklly and Visa team on cross-border payments

Finextra

In response to the growing demand, Quicklly, the #1 South Asian Marketplace, and Visa, a world leader in digital payments, have joined forces to launch a cross-border remittance solution to India with real-time1 capabilities.

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Open Launches Smart Flight Delay To Alleviate Unforeseen Customer Travel Frustration

The Fintech Times

Unforeseen disruptions when travelling can ruin a holiday or lead to unnecessary stress. Looking to alleviate this stress and remove the need to make an insurance claim due to complications, Open , the global embedded insurance partner for brands, has launched its new travel insurance offering. Flight delays can range from minutes to hours, and when customers face the latter, frustrations can easily arise.

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Airwallex to provide faster international payments for Bill

Finextra

Airwallex, a leading global payments and financial platform for modern businesses, today announced a partnership with BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), to provide Airwallex’s local transfer capabilities as part of BILL’s payments offerings.

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QI Tech Emerges From Series B as Latest LatAm Unicorn, as it Rivals Incumbent Solutions

The Fintech Times

After QI Tech extended its Series B round, the Brazil-based financial services infrastructure provider has officially achieved unicorn status. QI Tech opted to raise additional equity with its current investor General Atlantic , a global growth investor, as well as investment firm Across Capital. Following the extension, the fintech achieved unicorn status, six months after raising its $200million Series B round in October 2023.

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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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Abu Dhabi Islamic Bank taps Visa for instalment payments

Finextra

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, in partnership with Visa (NYSE: V), a world leader in digital payments, has announced “Visa Installments Solution (VIS)” is officially live for ADIB covered cardholders in the UAE.

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This Week in Fintech: TFT Bi-Weekly News Roundup 30/04

The Fintech Times

Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 30 April 2024, bringing you the latest updates from across the world. Job movers Bitsight , a cyber risk management company, appoints Lou Serlenga as its new chief revenue officer and Rob Dinning as chief legal officer. In addition to senior leadership roles at Tenable and Nile, Serlenga’s experience includes more than a decade at Hewlett Packard Enterprise.

FinTech 64
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MAS lifts six-month IT ban on DBS

Finextra

Singapore's central bank has lifted restrictions on non-essential IT services imposed on DBS Bank in the wake of a series of disruptive outages that hit the bank's payments and ATM services last year.

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Veritran and Swift Announce Collaboration to Enhance Cross-Border Payments

Finovate

International banking technology company Veritran announced a collaboration with financial messaging services company Swift. As part of the collaboration, Veritran has joined the Swift Partner Programme. Headquartered in Argentina, Veritran made its Finovate debut at FinovateFall 2021. A new collaboration between Veritran and financial messaging services innovator Swift will empower financial institutions to provide an enhanced and streamlined cross-border payments experience for customers.

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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.