Payments Dive

MAY 15, 2024

Concerns about the $35B merger proposal, which has already faced opposition, are likely to surface again at the July public meeting.

OCC 158

OCC Fed 158

Fintech News

MAY 15, 2024

Singaporean multinational technology company Grab Holdings released its unaudited financial results for the first quarter ended 31 March 2024, revealing a significant increase in customer deposits in its digital bank business. Deposits from customers in Grab’s digital bank business were US$479 million at the end of the first quarter 2024. This is a substantial growth from US$36 million in the same period last year and US$374 million in the prior quarter.

Non-Bank 133

Non-Bank Credit Risk Compliance Risk 133

Finextra

MAY 15, 2024

French mobile payments app Lydia has launched a new challenger bank proposition with plans to invest €100 million in the new venture and hire 400 people over the next three years.

Mobile Banking 128

Mobile Banking Payments Mobile Payments 128

Bank Automation

MAY 15, 2024

AI and generative AI applications continue to dominate conversations within the financial services industry, but implementing generative AI is near impossible if bank data isn’t standardized and accessible. What makes good data?

AI 128

AI Automation Continuity FinTech 128

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

Payments

Fintech News

MAY 15, 2024

Project Agorá, an initiative by the Bank for International Settlements (BIS) alongside major central banks and the Institute of International Finance (IIF), is moving forward and inviting private sector involvement. The project aims to explore how tokenisation can improve wholesale cross-border payments. Private sector financial institutions are encouraged to apply for participation in Project Agorá and the application window is open until 31 May 2024.

Cross-Border Payments 129

Cross-Border Payments Cross-Border Federal Reserve Central Bank 129

The Fintech Times

MAY 15, 2024

Standard Chartered , the international cross-border bank, has become the first Euro settlement bank to go live on Partior, the global unified ledger market infrastructure, and has completed Euro-denominated cross-border transactions between Hong Kong and Singapore. The news comes less than two years after Standard Chartered’s investment in Partior in November 2022, which made the bank a founding shareholder in the platform.

Cross-Border 124

Cross-Border Distributed Ledger Technology (DLT) Cross-Border Settlement Blockchain 124

Finextra

MAY 15, 2024

Mastercard has teamed up with Standard Chartered on a proof-of-concept pilot exploring tokenised deposits and tokenised carbon credits.

Visa 138

Visa 138

Fintech News

MAY 15, 2024

Payment giant Mastercard has announced the inclusion of five global startups in its Start Path Blockchain and Digital Assets programme. This initiative aims to enhance user experiences and expand the applications of blockchain technology in solving real-world problems. Singapore-based startup peaq is among the selected participants joining Start Path to expand into new markets and scale blockchain innovation. peaq focuses on providing borderless digital infrastructure for real-world applications

Blockchain 108

Blockchain Visa Participant Finance 108

Finextra

MAY 15, 2024

Payments firms are calling for a rethink of UK plans to protect victims of APP fraud, arguing that a refund cap of £415,000 will hurt smaller providers.

Caps 119

Caps Payments 119

The Payments Association

MAY 15, 2024

TerraPay, a prominent global money movement company, has partnered with Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI]. TerraPay’s global payment solutions for local payout needs integrated with Al Ansari Exchange's extensive network expands both organisations scope of operations and improves their capabilities to serve a broader customer base with efficient, secure, and seamless transaction

Global Payments 88

Global Payments Payment Solutions Transactions Security 88

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Basis Theory

MAY 15, 2024

As a merchant, accepting and processing payments is the lifeblood of your business. The ways in which you do so can significantly impact the future trajectory of your business, so the decision cannot be made lightly.

Processors 88

Processors Process Payments 88

FloQast

MAY 15, 2024

Overview In the face of mounting workloads, technological fragmentation, and a talent shortage, the accounting profession is at a critical juncture. Generative AI offers promise in alleviating burdens, enhancing accuracy, and fostering innovation. However, challenges such as system integration and talent retention persist. Embracing technological advancements is imperative for ensuring the sustainability and efficiency of accounting teams.

Accounts 103

Accounts AI Automation On-Demand 103

Finextra

MAY 15, 2024

Eltropy, a pioneering conversations platform for credit unions and community banks, today launched Voice+, integrating traditional voice capabilities with digital channels like text messaging, video, and chat into a unified contact center solution.

Credit Union 97

Credit Union Community Banks 97

Fintech News

MAY 15, 2024

Gaming has emerged as a dominant force in the bustling landscape of global entertainment, transforming from a niche hobby into a mainstream phenomenon. The evolution of the gaming industry is not just about the latest consoles or the most immersive graphics; it’s about a seismic shift in how people spend their time and money. According to a comprehensive study by Visa Business and Economic Insights (VBEI) , video gamers are proving to be a highly lucrative consumer segment.

FinTech 96

FinTech Online and Mobile Banking Payment APIs and Integration Economy 96

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

Best Practices

Finextra

MAY 15, 2024

Exchange operator Nasdaq is integrating a GenAI-powered feature into its market surveillance technology.

Technology 124

Technology 124

FloQast

MAY 15, 2024

Ascent Aviation Services , a leader in aviation maintenance and repair based in Marana, Arizona, faced significant challenges in its accounting operations. The month-end Close process suffered from recurring errors, a lack of accountability, and time-consuming reconciliations across numerous bank and general ledger (GL) accounts. This inefficiency delayed financial reporting and hampered decision-making and operational flexibility.

Reconciliation 98

Reconciliation Automation Close Processes Accounts 98

Fintech News

MAY 15, 2024

Thailand’s Securities and Exchange Commission (SEC) is calling for public input on proposed regulations concerning capital requirements for securities companies and derivatives business operators involved in digital asset services. These updated regulations aim to align with current market developments, ensure adequate protection for digital asset traders, and establish uniform standards for all digital asset operators.

Rules 91

Rules Consulting Regulations Adjustments 91

Finextra

MAY 15, 2024

Standard Chartered is the first Euro settlement bank to go live on Partior, the global unified ledger market infrastructure, integrating blockchain innovation directly into the bank’s payment systems

Blockchain 85

Blockchain Settlement Payments Innovation 85

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.

Payments

Fintech News

MAY 15, 2024

Banking software company Temenos has announced a new sustainability benchmark for its cloud-native banking platform on Microsoft Azure, highlighting its efficiency in managing digital transaction demands while aiding banks in achieving sustainability goals. The benchmark, which used Temenos Retail Enterprise Services, simulated a client base of 25 million customers and 38 million accounts, processing 12 million loans on a single instance.

On-Demand 88

On-Demand Assessments Regulations Process 88

Finextra

MAY 15, 2024

Optimism is returning to Europe's fintech sector, suggests new research from MHP Group which shows that more than three quarters of firms expect their business to grow in the next 12 months.

FinTech 81

FinTech Returns Research 81

The Fintech Times

MAY 15, 2024

Worldline , the global payment services provider, is joining forces with Visa , the digital payments giant, to launch a new virtual card issuing solution, helping travel agencies handle payments. By collaborating with Visa, Worldline will focus on the Online Travel Agency (OTA) market, by combining the organisations’ acceptance networks and payouts to streamline cash flow for OTAs.

On-Demand 75

On-Demand Procedures Payment Solutions Volume 75

Finovate

MAY 15, 2024

Identity verification solutions provider Data Zoo secured $22.7 million (AU$35 million) in Series A funding in a round led by Ellerston JAADE. Data Zoo will use the capital to help foster broader adoption of its identity verification technology. Headquartered in Sydney, New South Wales, Australia, Data Zoo was founded in 2011. Charlie Minutella is CEO.

Verification 64

Verification Privacy Innovation Compliance 64

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.

Continuity

The Fintech Times

MAY 15, 2024

In a move to bolster cybersecurity and protections for AI models against hacking and sabotage, the UK government has officially unveiled a host of new measures, which also hope to set a new global standard. In the last year alone, 50 per cent of businesses and 32 per cent of charities have reported cyber breaches or attacks, with phishing remaining the most common type of attack.

Cybersecurity 72

Cybersecurity AI Governance Government 72

Finextra

MAY 15, 2024

Koodoo, the AI-powered technology provider for financial services, today announces that it is partnering with Resistant AI to supercharge its Document Checking offering with Resistant AI’s leading Document Forensics technology.

Checks 64

Checks AI Technology 64

Bank Automation

MAY 15, 2024

KeyBank launched its virtual account management solution, Key Virtual Account Management, powered by payments platform Qolo, on May 7.

Accounts 72

Accounts Transactions Small Business Automation 72

Finextra

MAY 15, 2024

CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Avidbank (over $2 billion in assets) to launch a beneficial credit card program for their commercial customers.

Credit Cards 59

Credit Cards Payment Programs FinTech Payments 59

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Finovate

MAY 15, 2024

Layer has raised $2.3 million in pre-seed funding for its embedded accounting solution. The round was led by Better Tomorrow Ventures, with participation from executives at Square, Plaid, Unit, Check, and other SMB software companies. Layer will use the investment to expand its headcount across engineering and business operations. Embedded accounting player Layer raised $2.3 million in a pre-seed round of funding today.

Accounts 59

Accounts Small Business Participant Checks 59

Finextra

MAY 15, 2024

The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced the formation of the NYSE Tech Council, a group of senior technology leaders within the NYSE community that will focus on thought leadership and actionable best practices.

Best Practices 59

Best Practices Technology 59

Fintech Finance

MAY 15, 2024

Polar Electro , the world leader in personal guidance for fitness, sport, and health, has announced a partnership with the pioneering Swedish tech company Fidesmo to introduce a new collection of sports watch wristbands that are enabled for convenient and safe contactless payments. Simple to adapt and made of soft, durable silicone, these payment wristbands are compatible with all Polar watches that support standard 20mm and 22mm lug widths.

Contactless Payments 59

Contactless Payments CHIPS Payments Security 59

Finextra

MAY 15, 2024

Project Agorá, launched by the Bank for International Settlements (BIS), a group of leading central banks and the Institute of International Finance (IIF), is inviting the private sector to join its exploration of how tokenisation can enhance the functioning of wholesale cross-border payments.

Central Bank 59

Central Bank Cross-Border Payments Cross-Border Settlement 59

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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.

Payments