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The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2. Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.
Sam Altmans World Network is in talks with Visa to bring stablecoin payments to its self-custody crypto wallet, enabling users to spend crypto across Visas global merchant network, a source told CoinDesk. The plan would link Visa card functionality to World Wallet, part of a broader push to offer foreign exchange, fiat on- and off-ramps, and crypto payment tools in a single app.
Monzo has found that Brits are losing a staggering £3.2 billion every year because they feel too awkward to ask for their money back after covering shared expenses. The average person waves goodbye to £61.48 each year by dodging those uncomfortable “Can you send me that £5?” texts, with 68% admitting they find it awkward to ask someone for money they are owed.
Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud. The report, based on Sumsubs internal identity verification and user activity data from 2023 and 2024, along with a survey of over 300 companies across the crypto, banking, payments, and e-commerce sector
Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón
Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.
Over half (62 per cent) of young adults think financial and retail brands don’t do enough to help them understand the risks around credit, despite 56 per cent believing financial brands actively encourage young people to take on loans or credit, according to new research conducted by media agency UM. A survey of 1,500 young adults (aged 18 to 24 years) across the UK, carried out in partnership with suicide prevention charity Campaign Against Living Miserably (CALM) and price comparison sit
Incoming DBS Group CEO Tan Su Shan is open to pursuing smaller, strategic acquisitions that align with the Singaporean banks core focus, while prioritising the growth of high-return segments such as wealth management and transaction banking. Tan Su Shan Tan, currently the deputy CEO, is set to take over the role on 28 March, becoming the first woman to lead Southeast Asias largest lender and the first internal appointment to the position.
Banking Circle S.A. (Banking Circle), a Luxembourg licenced bank and a leading international provider of next-generation banking services, is pleased to announce that its wholly owned subsidiary BC Payments Pte. Ltd. (BC Payments Singapore) has received the In-Principle Approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
Banking Circle S.A. (Banking Circle), a Luxembourg licenced bank and a leading international provider of next-generation banking services, is pleased to announce that its wholly owned subsidiary BC Payments Pte. Ltd. (BC Payments Singapore) has received the In-Principle Approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
Backing startups across the UK that are looking to launch tech solutions tackling the biggest industry problems while maintaining a climate focus, Elbow Beach , the climate impact seed investor has achieved the first close of its second fund valued at 63million. Through its Enterprise Capital Funds programme, the British Business Bank , the British state-owned economic development bank, contributed 50million to this fund.
Inclusive global payments platform, Ecommpay , has been named a finalist in four categories at the 20 th annual awards organised by Retail Systems: Innovative Payment Solution of the Year, Payments System of the Year, Payments Innovation Award and Fraud Prevention Solution of the Year. The Retail Systems Awards celebrate excellence and innovation in the retail sector and the ceremony will bring together the industry’s best and brightest for the biggest evening in the retail technology cale
While AI is garnering all the attention when it comes to innovation and funding, major financial institutions are developing quantum computing in the background to prepare for the future. And JPMorgan is the front runner when it comes to developing quantum computing in financial services, according to a March 20 report from think tank Evident […] The post JPMorgan leads quantum computing race appeared first on Bank Automation News.
The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2. Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.
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
Jack Ma-backed Ant Group Co. used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by 20%, according to people familiar with the matter. Ant used domestic chips, including from affiliate Alibaba Group Holding Ltd. and Huawei Technologies Co., to train models using the so-called Mixture of Experts machine learning approach, […] The post Jack Ma-backed Ant touts AI breakthrough using Chinese chips appeared first on Bank Automation News.
The first full week of spring is bringing news of partnerships in fraud prevention, lending, and insurtech as well as new product launches in regtech and payments. Be sure to check Finovate’s Fintech Rundown all week long for the latest in updates and announcements in fintech. Fraud prevention and identity verification Wisconsin-based community bank IncredibleBank partners with Alloy to enhance its account opening process.
Financial institutions that lag in technology may lose the trust of younger consumers. Gen Z customers, who are often motivated by their social values and mobile-first lifestyles, trust PayPal and Apple more than they trust traditional financial institutions, and millennials will leave a bank due to a poor digital experience, Tiffani Montez, principal analyst at […] The post Banks could lose Gen Z trust with poor tech appeared first on Bank Automation News.
Sending and receiving money across the United States will be made easier following the launch of a domestic cash-to-cash money service by Viamericas , the money transmitter known for its international money transfer, bill payment, check processing, and top-up services. Allowing for funds to be available for cash pickup at any participating Viamericas location, the new service will help customers assist loved ones with bill payments, provide financial help for essential expenses and more.
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
RTGS.global, the next generation settlement company revolutionising cross-border payments, and TransferMate , the world’s leading provider of B2B payment infrastructure-as-a-service (IaaS), have today announced a strategic partnership which sees TransferMate join RTGS.global’s real-time settlement network to streamline cross-border payments for global businesses.
In June 2023, digital payments organisation Checkout.com announced the launch of its Intelligent Acceptance platform to help firms boost their payment performance. Now, almost two years later, the firm reflects on the success of the product as it reveals Intelligent Acceptance generated over $10billion in additional merchant revenue. Powered by over 20 billion data points and insights from Checkout.coms global network, Intelligent Acceptance applies numerous optimisations at every step of the pa
A recent Payment maturity survey of 793 businesses worldwide conducted by Corefy shows that payments are often managed as part of general administrative duties (36.9%) or by a team member who has other responsibilities (28%). Only 14.5% have a specialised payment department. These findings suggest that payments remain an under-prioritised function in many companies, even as transaction volumes and complexity increase.
Malaysian payment gateway provider senangPay is strategically partnering with India-based Pine Labs , a technology company digitising commerce, to introduce the Instalment Payment Plan (IPP) under its payment gateway solutions. Through the collaboration with Pine Labs, merchants using the senangPay payment gateway can now offer IPP, offering customers greater flexibility for high-value purchases.
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?
New research from Visa , a global leader in digital payments, reveals that Gen Z (ages 13-28) spends an average of 305 per month on subscription services. This is three times what Gen X (ages 44-59) spends (91) and Baby Boomers (ages 61-79) who spend 108. Millennials (ages 29-44) also spend a significant amount, at 261 per month. Gen Z stands out as the largest consumer group for subscriptions, with 93% surveyed having at least one.
Lloyds Banking Group is expanding its collaboration with cloud technology giant Oracle to further strengthen its customer experience by advancing its multi-cloud strategy. Under a multi-year agreement, Lloyds is moving its Oracle databases, which support its business functions and banking services, to Oracle Database@Azure. This strategic move will enable Lloyds to run Oracle databases on Oracle Cloud Infrastructure (OCI) deployed on Oracle Exadata within Microsoft Azure data centres.
In Singapore, payment remains a significant issue for both consumers and businesses. A global survey commissioned by payment platform Adyen, which polled more than 13,000 businesses and 38,000 consumers worldwide, underscores these rising concerns in the city-state. The survey reveals that nearly half of respondents in Singapore have experienced being a victim of payment fraud (49%).
A new survey of UK temporary recruitment businesses has revealed that inefficient technology and processes are significantly impacting workforce productivity. Three-quarters (74%) of payroll professionals say at least 11 hours per week are wasted due to outdated technology and inefficient workflows. Commissioned by Finity , a leading back-office ecosystem for recruitment businesses, the survey underscores the urgent need for businesses to invest in modern payroll technology, with nearly half (46
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
New York, United States, March 24th, 2025, FinanceWire CEO Michael Farkas Discusses the Companys Breakout Expansion, Mobile Fueling Success, and Vision for AI/ML-powered, Decentralized Energy PRISM MarketView has released an exclusive interview with Michael Farkas, CEO of NextNRG Inc. (NASDAQ: NXXT), highlighting the companys record-breaking growth and its role at the forefront of the AI-powered energy revolution.
DailyPay , a worktech company and the leading provider of earned wage access, celebrates a significant milestone as Arkansas Governor Sarah Huckabee Sanders signed Act 347 into law on Thursday, March 20, 2025. This legislation appropriately regulates Earned Wage Access (EWA) as its own financial product in the state of Arkansas. This legislation received unanimous support in the Arkansas Senate and overwhelming bipartisan support (93-3) in the Arkansas House of Representatives, with leadership f
Back in the day, loan management system s were synonymous with pile s of paperwork involving intricate manual calculations and lengthy verifications, leading to slow approvals. This tedious and error-prone approach significantly hampered the lenders efficiency and impacted customer satisfaction. But like all great transformations, challenges paved the way for innovation.
It’s been nearly a year since we celebrated the innovators crowned Best of Show winners at FinovateSpring 2024. As we gear up for our upcoming FinovateSpring 2025 event in sunny San Diego, taking place May 7 through 9, were taking a moment to reflect on the impressive achievements of last year’s standout demo companies. These fintechs have continued their momentum from FinovateSpring by making waves in the fintech industry.
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.
Austin, Texas, March 24th, 2025, FinanceWire The First Lightning Payments Provider Fully Integrated with an Enterprise Crypto Compliance Platform. Voltage , the longest-standing Lightning Network payments platform, has integrated with Taxbit , the leading tax and accounting solution for digital assets. This first-of-its-kind integration enables businesses to adopt Bitcoin and stablecoins with full compliance, aligning with the SAB 121 repeal and stablecoin expansion on Lightning.
The PCI Security Standards Council is calling on experts in the payments industry to apply to speak at the 2025 Asia-Pacific Community Meeting. The 2025 Asia-Pacific Community Meeting will take place in Bangkok, Thailand on 5-6 November. This is your chance to contribute to global discussions surrounding the protection of payment data.
TORTOLA, British Virgin Islands, March 24th, 2025, FinanceWire Multi-asset broker Markets4you has announced its double win at the FX Daily Awards 2025, receiving Best Forex Broker APAC and Best Mobile App Trading Platform Global. These awards recognize Markets4yous strong presence in the Asia-Pacific (APAC) region and its commitment to providing traders with a secure, fast, and reliable trading platformboth on desktop and mobile.
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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