Thu.Jun 06, 2024

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New York races to pass BNPL bill

Payments Dive

State lawmakers are negotiating three separate proposals related to the buy now, pay later industry ahead of the end of the legislative session on Thursday.

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Former Barclays CPO Megan Caywood Cooper launches AI wealthtech

Finextra

Megan Caywood Cooper, former Barclays chief product officer and Starling chief platform officer, has announced her new AI wealthtech Caywood, at Money 20/20 today.

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How to Choose the Best Accounts Receivable Software for Your Business

Stax

Accounts receivable (AR) software is a cornerstone tool in your financial operations in any business. Without a good solution place, your business could face delayed payments, increased errors, and inefficient cash flow management. That’s why choosing the right software is a must. But in a crowded market with numerous options, finding a solution that perfectly fits your needs can be challenging.

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How Recurring Billing Can Benefit Your Medical Practice

PayJunction

The healthcare insurance industry’s embrace of High-Deductible Health Plans ( HDHPs ) means an increasing number of patients are responsible for paying for most medical services before plan benefits fully kick in. Your medical practice should consider recurring billing to lessen the upfront financial burden on patients.

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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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Elavon to Enable Contactless Payments for SEPTA Commuters

Fintech Finance

Elavon , a wholly-owned subsidiary of U.S. Bank and one of the largest payments processors globally, is partnering with Southeastern Pennsylvania Transportation Authority (SEPTA) to offer contactless payment acceptance from any enabled card or mobile device across transit services. SEPTA is one of the ten largest transit systems in the United States.

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Amex dismisses impact of eBay’s rejection

Payments Dive

EBay will no longer accept American Express, but the credit card company said in a statement that the online auctioneer accounts for a minuscule portion of its total business.

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BS2 Bank selects Nium for corss-border payments

Finextra

Nium, the global leader in real-time cross-border payments, today announced a partnership with BS2, a digital bank in Brazil specializing in fintech solutions for businesses.

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Deutsche Bank shares data with Swift for AI fraud solution

Bank Automation

AMSTERDAM — Deutsche Bank is one of multiple financial institutions sharing anonymized data with financial messaging service provider Swift. The process will test the use of secure data-sharing for AI-driven fraud prevention, Joanne Hannaford, chief information officer and chief product officer of corporate bank at Deutsche Bank, said at Money2020 Europe on June 4.

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Mastercard taps open banking to ease account opening and updating

Finextra

Mastercard has updated its Open Banking platform to enable people to automatically switch their direct deposits and update their recurring bill payments when they open or update an account.

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CFPB solicits stakeholders to form open banking framework

Bank Automation

The Consumer Financial Protection Bureau is soliciting financial services stakeholders to help form a framework for sharing data ahead of open banking in the United States.

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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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Exploring Responsible AI Adoption

Finextra

“AI banking, or Artificial Intelligence in banking, refers to the application of various AI technolo.

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Waystar envisions $20B healthcare payments market

Payments Dive

The software provider offered its outlook as it seeks to take the company public and expand its business.

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Lord Christopher Holmes of Richmond MBE on what the AI Regulation Bill Means for Fintech

Finextra

At IFGS 2024, Lord Christopher Holmes provides his view on announcements such the Open Finance Task Force, which were revealed by Bim Afolami MP. Lord Holmes also dives deep into the AI Regulation Bill and how the industry can better align technology for financial inclusion and to benefit vulnerable customers.

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Revolut Introduces Wealth Protection to Thwart Phone Thieves

The Fintech Times

Revolut has stepped up its fight against crime with the launch a new biometric identification feature designed to protect customers’ savings from pickpockets and phone stealers. The UK fintech, which boasts more than eight million UK customers and 40 million globally, says the Wealth Protection feature helps protect customers who have had their unlocked phone stolen, or password and face recognition compromised, and stops criminals from withdrawing customers’ savings out of their accounts.

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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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'Mastercard for Fintechs' to blaze a trail for startups across Western Europe

Finextra

Mastercard has launched 'Mastercard for Fintechs', a dedicated programme for startups in Western Europe, offering access to technology support and educational tools alongside a series of fintech events with the opportunity to compete for the chance to win €50,000.

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Robinhood Agrees to Buy Crypto Exchange Bitstamp

Finovate

Robinhood has agreed to acquire digital currency marketplace Bitstamp for $200 million in cash. The acquisition will help Robinhood fuel its global expansion and serve institutional clients, a new market for the company. The acquisition announcement comes one month after Robinhood received a Wells Notice from the SEC for violating Sections 15(a) and 17A of the Securities Exchange Act.

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Robinhood to buy crypto firm Bitstamp for $200m

Finextra

Trading app Robinhood has agreed a $200 million cash deal to buy crypto exchange Bitstamp in an effort to expand outside of the US and accelerate its push into digital assets.

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Expert perspectives: Challenges of implementing a payment hub

Nomentia

What it takes to improve payment operations? For businesses to succeed in the global, digitalized business environment, maintaining financial stability, and effective cash and treasury management is non-negotiable. CFOs , treasurers , and finance professionals know all too well how pivotal effective payments are to financial resilience. As things stand, it’s no wonder payment hubs are looking like an ever more intriguing investment for proactive businesses to future-proof their payment operation

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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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Lawyers of Wirecard boss Braun down tools due to lack of funds

Finextra

Markus Braun, the disgraced ex-boss of Wirecard, has been forced to rely on state provided legal support after his former lawyer quit because of lack of funds.

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‘Mastercard For Fintechs’ Offers Education, Networking and €50,000 Prize to Innovative Startups

The Fintech Times

Mastercard has unveiled a new programme designed to support fintechs across Western Europe by providing them with tools, expertise and opportunities for growth. The ‘Mastercard For Fintechs’ initiative addresses the challenges fintechs face in securing. It includes a competition for fintechs at various investment stages, with local and final events across Europe, culminating in a grand prize of €50,000 in marketing support and other benefits.

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US Bank inks deal with kids finance fintech Greenlight

Finextra

U.S. Bank announced today a partnership with Greenlight® Financial Technology, Inc. (“Greenlight”), the leading family fintech company on a mission to help parents raise financially-smart kids, to provide an innovative banking solution for families.

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BNP Paribas and Numeral partner for payment integration

The Paypers

BNP Paribas and Numeral , a payments technology provider, have announced a partnership aimed at facilitating payment companies' incorporation of SEPA.

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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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CFIT CEO Ezechi Britton MBE on How to Unlock Barriers to Fintech Growth

Finextra

At IFGS 2024, Ezechi Britton MBE, CEO of the Centre for Finance, Innovation and Technology explores their recently released report on the benefits of open finance, what needs to be done to implement successful change and how open finance will change UK fintech going forward.

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NetSuite SuiteWorld 2024: Experience the Premier Finance Event

Paystand

2023’s SuiteWorld showcased how to unlock more value from the suite and celebrated NetSuite's 25th anniversary. This year's edition will celebrate finance’s premier event’s 10th anniversary, featuring inspiring keynotes, thought-provoking panels, and a finance networking event to help speed up growth, improve productivity, and gain deeper insights into your business.

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US Treasury seeks feedback on use of AI in financial services

Finextra

The US Department of the Treasury is seeking public comment on the risks and opportunities posed by the use of AI in financial services.

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Crédit Agricole Next Bank Partners with InvestGlass for Lead Management and CRM

Finovate

Crédit Agricole Next Bank has launched a new lead management platform and CRM courtesy of a partnership with InvestGlass. The new offering will help the bank deal with new customer growth and increasing linguistic diversity among its clients and employees. Switzerland-based InvestGlass most recently demoed its sales and compliance automation technology at FinovateEurope in February.

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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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Digital receipt startup Slip raises £2.5 million

Finextra

Slip, a female-founded fintech startup which helps physical stores digitise receipts to unlock customer insights, has raised £2.5 million.

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Navigating BNPL’s Future: The Jifiti Group CEO Yaacov Martin on the CFPB’s New Ruling

Finovate

Late last month, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule stating that Buy Now, Pay Later (BNPL) lenders are credit card providers. This ruling is slated to have some significant impact on BNPL, which was once one of the hottest subsectors in fintech. To gain an understanding of the specific implications of the new rule, we spoke with Yaacov Martin, CEO of The Jifiti Group , a global fintech company that powers embedded lending solutions for banks, lenders and

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Hibret Bank issues pre-paid Mastercard

Finextra

Hibret Bank, in collaboration with Mastercard, has announced the launch of the Prepaid Hibir Mastercard services, marking a significant milestone in the journey towards financial digitization in Ethiopia.

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Adyen Strengthens Commitment to Canada with New Office Opening and Notable Leadership Hire

Fintech Finance

Today, Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, announced the opening of its own office in Toronto. The new Toronto office will serve as the company’s Canadian headquarters, underscoring Adyen’s commitment to sustained growth in the Canadian market. As part of Adyen’s ongoing commitment to growing in Canada, Adyen is also pleased to welcome Ilona Fagyas to its leadership team as its new Head of Sales later this month.

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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.