Wed.Jul 24, 2024

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Future of Payments – Part 2

Open Banking Excellence

17th September 2024 Live Event Linkedin Twitter Future of Payments Payments is the largest sector in FinTech bringing with it high levels of innovation, disruption and even controversy. We have speakers from Revolut, Payji, APEXX Global and Ashfords covering future trends in payments. Come along to hear about propective developments and perhaps provide your own views and insight.

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Fiserv to leverage artificial intelligence to help merchants

Payments Dive

The payments behemoth says its data team will use AI to mine transactions on its products to help merchants and financial institutions profit.

AI 148
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Attend the Payment Industry Event of the Year

PCI Security Standards

Prepare to immerse yourself in a world of innovation and expertise as the PCI SSC Community Meetings unite the foremost thinkers in payment security. Welcoming individuals from all corners of the payments industry, we invite anyone in the payment space to register and seize the chance to explore cutting-edge advancements, exchange insights, and enhance their understanding of global payment security.

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Former LSEG Exec David Runacres Joins Broadridge as APAC President

Fintech News

Broadridge Financial Solutions has named David Runacres as President of its Asia-Pacific (APAC) operations. Based in Tokyo, Runacres will oversee the company’s regional activities and also serve as Senior Country Officer for Japan, a key market for Broadridge ‘s growth strategy. Runacres comes from the London Stock Exchange Group (LSEG), where he led the Japan division for 12 years.

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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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SME Cross-Border Payments: User Reality vs Industry Fallacy

The Payments Association

Cross-border payments, the lifeblood of global commerce, are also an Achilles heel for the majority of economies globally – both emerging and developed. This vulnerability is no better exemplified than by the failure of the finance and payments industry to resolve the challenges of its most underappreciated and undervalued segment: SMEs. Our latest white paper, User Reality vs.

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Fintech in Emerging Markets: Opportunities and Challenges

Fintech Review

In emerging markets, fintech is profoundly transforming financial services. These markets, often characterised by underdeveloped financial infrastructure , benefit significantly from fintech innovations. This article delves into how fintech is reshaping financial services in these regions. We will explore success stories, the pivotal role of mobile money , and the unique challenges faced.

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More Trending

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Strengthening Financial Resilience: Huawei’s Role in the Future of Finance

Fintech News

The financial sector is on the edge of a major transformation powered by continuous technological advancements. At the recent Huawei HiFS Frontier Forum 2024 in Shenzhen, industry leaders discussed how cloud, network, storage, and computing infrastructures can strengthen financial systems’ resilience. The forum’s theme, “ Boost Resilience, Reshaping Smarter Finance Together ,” encapsulates the industry’s collective ambition to navigate the challenges of an uncertain

Finance 114
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Addressing APP Fraud: Introducing FinCrime Dynamics’ APP fraud testing

The Payments Association

With the impending regulatory changes mandating APP fraud reimbursement, financial institutions must act swiftly and decisively to enhance their fraud defences. FinCrime Dynamics’ APP fraud testing SaaS service is a critical resource in this endeavour. By identifying control vulnerabilities, quantifying potential losses, benchmarking performance, and improving controls, institutions can significantly reduce their exposure to APP fraud.

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Trescon Unveils Three Startup Finalists in FutureTech World Cup at Dubai AI & Web3 Festival

The Fintech Times

The ‘FutureTech World Cup’, a new initiative launched by Dubai AI & Web3 Festival and Trescon to recognise and support emerging tech startups, is now underway. On 10 July 2024, ten pre-qualified startups from across the globe pitched ideas to a panel of five jury members at the Dubai AI Campus. Three startups – Momint , Nettle and Orbii – advanced to the grand finale, set to take place on 11 to 12 September 2024, during the Dubai AI & Web3 Festival.

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New analysis on the market impact of stablecoins from The Centre of Economics and Business research and BVNK

The Payments Association

BVNK and The Centre for Economics & Business Research (Cebr) have released new analysis on the market impact of stablecoins on the 10th anniversary of this digital currency. “The decade of digital dollars” report shows for the first time the quantitative link between increasing stablecoin use and economic impact, and features commentary from industry leaders: Circle, Visa, Chainalysis, and First Digital.

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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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HSBC Australia to Block Payments to Crypto Exchanges from July 2024

Fintech News

HSBC Australia will automatically block all payments to cryptocurrency exchanges, starting in July 2024. According to HSBC Australia, this is a part of a new policy aimed at protecting its customers from fraud and scams. This measure means any attempt to transact with these exchanges using HSBC accounts or cards will be blocked, and the funds will remain in the customer’s account.

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Visa CEO ‘strongly’ disagrees with class settlement ruling

Payments Dive

The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year, but its CEO notes that could happen after a trial begins.

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DBS and Deloitte Launch Sustainability Accelerator Tool for Singapore SMEs

Fintech News

DBS and Deloitte have introduced the Sustainability Accelerator Tool , designed to assist small and medium-sized enterprises (SMEs) in Singapore in evaluating their sustainability maturity levels. This tool provides industry-specific recommendations, enabling companies to better identify and address gaps in their sustainability journeys more effectively.

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Papaya Global Launches Innovative Payroll and Payments Academy to Educate and Expand the Worldwide Payroll Community

Fintech Finance

Papaya Global , the workforce payments fintech, has announced the launch of Papaya Global Academy, an industry-first video series comprised of more than 85 lessons designed to invite people and organizations to be more strategic about payroll. Now available on Papaya’s website, the free, ungated curriculum provides an accessible way for payments and payroll professionals to enhance their skills and knowledge, while driving greater value for their companies.

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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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A Lender’s Mistake: Why Do Lenders Fail in India

Fintech News

India looks lucrative for consumer lending startups. It is the most densely populated country in the world (more than 1.4 billion people) with still very low financial services penetration, e.g. unsecured loans account for only 5% of GDP. In India, it is possible to start lending without obtaining a banking licence, all you need is to get a non-banking finance company licence.

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McLaren Formula 1 Team Joins Forces with Mastercard

Fintech Finance

McLaren Racing and Mastercard have joined forces in a multi-year deal that will see the global payments leader become a major sponsor of the McLaren Formula 1 Team. The deal marks the coming together of two preeminent brands known for their focus on innovation and for setting the standard in offering incredible experiences that bring people closer to their passions as well as each other.

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MoneyHero CEO Calls 80 Job Cuts ‘Unfortunate But Necessary’ for Growth

Fintech News

Singapore-based fintech firm MoneyHero Group is cutting 80 jobs as part of a cost-saving and restructuring initiative, The Business Times has learned. MoneyHero, which operates popular platforms Seedly and SingSaver, attributed the layoffs to a strategic realignment aimed at enhancing long-term financial health and profitability. Rohith Murthy CEO Rohith Murthy emphasized in an email to staff that the decision was “unfortunate but necessary” and not performance-based.

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PayU GPO appoints Simona Covaliu as Chief Risk Officer

Fintech Finance

PayU GPO , the leading online payment service provider operating in over 50+ emerging markets, today announces the appointment of Simona Covaliu as Chief Risk Officer. Covaliu brings over 18 years of experience to the role, having worked at various global companies including Booking.com as Senior Risk Manager, Uber as Chief Risk and Compliance Officer, and Mambu as VP of Risk and Compliance.

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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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AI and Deepfakes Raise Concerns for Singapore Voters Ahead of Elections

Fintech News

A recent study by Jumio , a provider AI-driven identity verification and compliance solutions, has found that a significant majority of Singapore consumers are concerned about the impact of deepfakes on the upcoming elections. It revealed that 83% of Singaporeans are concerned about for AI and deepfakes in politics, compared to 75% globally. Despite the possibility of encountering audio, video, and image deepfakes, 66% of Singaporean respondents still trust online political news, higher than the

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Fortis Acquires MerchantE’s NetSuite Division, Continuing a 20-Year Legacy

Fintech Finance

Payments technology leader for software providers, ERP customers, and scaling businesses, Fortis acquires MerchantE’s NetSuite payments division, marking a significant milestone in the evolution of embedded payment solutions. This strategic addition will help customers enhance the efficiency of their payment operations and accelerate the deployment of new, embedded financial and commerce enabling services.

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Sygnum Achieves Profitability, Sets Sights on Europe and Asia Expansion

Fintech News

Sygnum, a global digital asset banking group, has announced a profitable first half of 2024, driven by significant growth in various sectors of its business. The company, which manages approximately US$4.5 billion in client assets, experienced two-fold increase in crypto spot trading volumes and a 500% rise in crypto derivatives trading, as well as a significant rise in loan volumes, exceeding 360% year-to-date.

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NAB and Plenti Switch on PayTo Solution Powered by Global Fintech Banked for Personal Loan Customers

Fintech Finance

Customers of fintech lender Plenti now have a new way to make additional loan repayments, made possible with National Australia Bank’s (NAB) Pay by Bank solution, which enables PayTo transactions. This innovative technology, developed by global fintech Banked in partnership with NAB, enables fast and secure payments straight from a user’s bank account.

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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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Diversism: Accelerating Financial Inclusion through Systemic Diversity

The Payments Association

The “Redefining Community Finance: Unlocking Pathways to Financial Inclusion” whitepaper by the Payment Association provided crucial insights and recommendations emphasising the need for enhanced innovation and support for the community […] Read more

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Fourteen Teams Have Been Chosen to Participate With the Bank of Israel in the “Digital Shekel Challenge”

Fintech Finance

On May 28, 2024, the Bank of Israel announced the “Digital Shekel Challenge” – an experiment inspired by “Project Rosalind”[1] carried out by the BIS Innovation Hub. In the Digital Shekel Challenge, the Bank of Israel invited teams from the private sector, the public sector, and academia to study the potential development of uses of a digital shekel system.

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UK neobanks set to outpace incumbents in mobile arms race

Finextra

UK neobank app users are on track to surpass legacy banks for the first time by Q1 2025, according to research conducted on the Google Play Store by SplitMetrics.

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Papaya Global and Cegid Announce Partnership

Fintech Finance

Papaya Global , the ultimate workforce payroll and payments platform, and Cegid , a European leader in cloud management solutions for professionals in the finance (treasury, tax, ERP), human resources (payroll, talent management), accountancy, retail and entrepreneurship sectors, today announced their partnership offering clients a holistic solution for hiring, managing, and paying their global workforce.

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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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DB and Santander controlling costs through tech

Bank Automation

Deutsche Bank and Santander Bank are deploying tech to simplify operations and cut costs, according to their earnings reports. Santander reported today that it saved 77 million euros ($83.6 million) in the second quarter through its global operations by deploying technology, and has saved $341 million since 2022, according to its earnings report.

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Carl Slabicki Named Chairperson of U.S. Faster Payments Council Board of Directors

Fintech Finance

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, is pleased to announce that Carl Slabicki, Executive Platform Owner of Treasury Services at BNY, has been named the new Chairperson of the FPC Board of Directors. Carl succeeds Michael Bilski, CEO of North American Banking Company, who has served as Board Chairperson since 2019.

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Neuro-symbolic AI: AI with reasoning

Finextra

Neuro-symbolic AI is a unique form of artificial intelligence that combines the strengths of neural.

AI 105
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FAB and Visa Partner to Expand Cross-Border Payments Through Visa B2B Connect

Fintech Finance

Visa, the world leader in digital payments, today announced a significant partnership with First Abu Dhabi Bank (FAB) , the largest bank in the United Arab Emirates, to expand the Visa B2B Connect network in the region. The collaboration aims to enhance corporate cross-border payments, allowing businesses in the UAE to conduct secure and efficient transactions worldwide.

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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.