Fri.Sep 06, 2024

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Singapore FinTech Festival

Open Banking Excellence

6-8th November 2024 Live Event Linkedin Twitter Singapore FinTech Festival The Global Gathering of Policy, Finance, and Technology The Singapore FinTech Festival is a global nexus where policy, finance, and technology communities converge. Designed to foster impactful connections and collaborations, SFF is a platform to explore the intersections of cutting-edge financial solutions, evolving regulatory landscapes, and the latest technological innovations.

FinTech 130
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Webinar: Leading the Way in Instant Payments Innovation-Maximizing the Full Potential of RTP and FedNow

Faster Payments Council

Join us for an upcoming FPC webinar, sponsored by Finzly, on Wednesday, September 18 from 12:00pm-1:00pmET. Is your financial institution fully harnessing the potential of RTP® and FedNow® to drive growth? While 'receive-only' instant payments is a significant step forward, the true transformative power lies in actively sending payments. In a recent joint survey from the FPC and Finzly, it unveiled that corporate customers drive nearly 78% of instant payments revenue.

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Meeting MENA’s Payment Preferences: How Tap Payments Supports Shopify Merchants

The Fintech Times

As e-commerce grows across the Middle East and North Africa (MENA), businesses are faced with the challenge of offering efficient and seamless payment methods. Customers in the region have specific preferences for local payment options, and businesses need to meet these demands while maintaining a smooth, user-friendly checkout process. Tap Payments’ integration for Shopify Tap Payments, a payment gateway specialising in the MENA region, has introduced a solution for Shopify merchants to simplif

Payments 104
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Visa to upgrade pay-by-bank service in UK next year

Payments Dive

The card network plans to make the account-to-account service available to consumers for paying bills, like rent, but eventually for other uses too, such as digital streaming.

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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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Lithic Expands Into Canada Offering Multicurrency Processing Capabilities

Fintech Finance

Lithic , a leading card issuing technology company known for enabling growth-oriented businesses with bespoke card programs and seamless money movement, today announced its expansion into the Canadian market. This marks Lithic’s first entry into a non-U.S. market and introduces powerful multicurrency processing capabilities that position Lithic to support the most ambitious and innovative card program use cases.

Process 91
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Fintech funding: AI accounts for 30% of $24B Q2 investment

Bank Automation

While fintech funding has slowed in recent quarters, companies that focus on AI are attracting investor dollars. Funding for AI-focused fintechs more than doubled quarter over quarter to $24 billion in the second quarter, accounting for 30% of investments, according to Crunchbase. “AI is really changing the path,” Lisa Calhoun, founding managing partner at Valor […] The post Fintech funding: AI accounts for 30% of $24B Q2 investment appeared first on Bank Automation News.

AI 81

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Inside look: Amex’s capital deployment strategy

Bank Automation

American Express is maintaining its capital position while investing in its technology framework, marketing efforts, and merger and acquisition opportunities. “We want to invest in the business,” Anna Marrs, group president of global commercial services and credit and fraud risk at the financial giant, said Sept. 4 during the Scotiabank Financials Summit 2024.

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Fintech Charity Pennies’ Micro-Donation Day Raises £30,000 for Life-Changing Causes – in Just One Day

Fintech Finance

Pennies , the award-winning fintech charity which enables micro-donations to charity, successfully held its first ever Micro-Donation Day on Monday, 26 August 2024 which, in addition to boosting awareness of the micro-donation movement, raised £30,000 for charities including Cancer Research UK, MND Association and Great Ormond Street Hospital Charity – thanks to more than 130,000 individual donations.

FinTech 86
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Governments sign up to Council of Europe AI Framework Convention

Finextra

UK, US and EU among the signatories on the Council of Europe’s Framework Convention on artificial intelligence and human rights, democracy, and the rule of law.

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Flutterwave Welcomes Former Citi Executive, Mitesh Popat as New CFO

Fintech Finance

Flutterwave , Africa’s leading payments technology company, has announced the appointment of Mitesh Popat as the company’s Chief Financial Officer. Mitesh brings 20 years of global financial services experience across North America, Europe, the Middle East, and Africa, which will be instrumental in driving Flutterwave’s next phase of growth and financial sustainability.

Finance 85
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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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Binance Kazakhstan receives regulatory approval from AFSA

The Paypers

Binance Kazakhstan, a branch of the global Binance blockchain ecosystem, has received approval from the Astana Financial Services Authority (AFSA) for a full regulatory licence.

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Network International Extends Strategic Partnership With Orabank Group to Transform Francophone Markets

Fintech Finance

Network International (Network) a leading enabler of digital commerce in the Middle East and Africa, has extended its strategic partnership with Orabank Group , the largest banking group in Francophone Africa, to transform the bank’s prepaid and agent banking solutions. The partnership is a significant milestone in enhancing the banking experience for Orabank Group customers and enabling the bank’s digital transformation with innovative solutions.

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Binance Kazakhstan gains consent for full regulatory license

Finextra

Binance Kazakhstan has been granted consent for a full regulatory licence from Astana Financial Services Authority (AFSA).

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barq Signs Agreement With Mastercard to Empower Businesses With Advanced Payment Acceptance Technology

Fintech Finance

barq , an innovative Saudi financial services startup, has partnered with Mastercard to empower its customers with a range of industry leading payment acceptance solutions through Mastercard Gateway. The strategic agreement will see barq leverage Mastercard Gateway technology to further equip its merchants and consumers around the Kingdom with greater access to a wide range of value-added services — responsive, personalised solutions that cater to their unique needs and preferences.

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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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Brazil Central Bank advances CBDC pilot programme

The Paypers

Brazil's central bank (BCB) announced the selection of 13 participants for the second phase of its central bank digital currency (CBDC) initiative.

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UTP’s tapeeno app Enables Tap to Pay on iPhone for Merchants in the UK to Accept Contactless Payments

Fintech Finance

tapeeno , UTP’s app for micro-merchants, has enabled its merchants in the UK to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone allows merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the tapeeno iOS app — no additional hardware or payment terminal needed.

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AU10TIX fraud report unveils an increase in automated bot attacks

The Paypers

Global technology company specialising in identity verification and management AU10TIX has launched its Q2 2024 Global Identity Fraud Report, which highlights substantial trends in large-scale organised identity fraud.

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Cogitate Announces Partnership with One Inc to Enhance Digital Payment Solution Offering

Fintech Finance

Cogitate , a provider of cloud-native core policy, billing, and claim applications for insurers, is pleased to announce its partnership with One Inc , the leading digital payments network for the insurance industry. Cogitate has integrated One Inc’s best-in-class digital payment processing with DigitalEdge Insurance Platform to help ensure a frictionless experience, merging all payment flows into one comprehensive platform for its customers.

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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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Hex Trust announces a strategic partnership with Grass

Finextra

Hex Trust, a leading provider of digital asset solutions for institutional finance and the Web3 ecosystem, announces a strategic partnership with Grass, a viral, new decentralized infrastructure network that is building the first open internet to scale web crawl. Today, the network is powered by over 2 million users who are running nodes to scrape petabytes of web data for AI models.

AI 59
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Changing Tides in Macau: A Turn Away From Gambling to a More Diverse Financial Ecosystem

The Fintech Times

Returning to China in 1999, Macau became a Special Administrative Region (SAR) under the ‘one country two systems’ policy. Since then it has established itself as a gambling powerhouse, but how else has the country’s financial ecosystem evolved? Having originally been owned by China, the country was rented and administrated by Portugal before the European country acquired perpetual colonial rights in the Sino-Portuguese Treaty of Peking in 1887.

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Copilot Capital makes majority investment in SecureFlag

Finextra

Copilot Capital, a new private equity firm backing the next generation of European software champions, has made a majority investment in SecureFlag, an innovative software company on a mission to shape the future of cybersecurity training.

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24 Fintech: A Look Back on the Event’s Conclusion and Content on Day 3

The Fintech Times

Day three of the inaugural 24 Fintech event in Riyadh proved to be a groundbreaking success, solidifying its status as the largest debut fintech exhibition in history. Organised by Tahaluf in collaboration with Fintech Saudi and major financial institutions such as the Saudi Central Bank (SAMA), the Financial Sector Development Program (FSDP), and the Capital Market Authority (CMA), 24 Fintech attracted over 36,900 visitors across three action-packed days.

FinTech 58
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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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Mastercard supports self-custodial crypto wallets

The Paypers

Mastercard is expanding its support for non-custodial cryptocurrency wallets through a collaboration that allows users to spend crypto stored via self-custody.

Visa 67
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Klarna on Track to Halve Headcount to 2,000 by End of 2025, FXC Intelligence Reveals

The Fintech Times

Klarna , the payment processing service provider for e-commerce, is on target to cut its workforce in half to 2,000 by the end of 2025, if it continues to reduce roles at the same rate it has done for the last two years. Latest headcount forecasts from FXC Intelligence come after the firm analysed a return to profitability by Klarna , shortly after the AI-powered brand announced it had removed 1,200 jobs in the last year through the use of AI and a hiring freeze.

AI 58
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FDIC hints at new bank reconcilement rules following Synapse failure

Finextra

The US Federal Deposit Insurance Corporation (FDIC) is looking at plans to protect customers from fintech failures, reports Bloomberg Law.

FDIC 64
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Stripe Reveals Firms Need to Reduce Customer Churn Before Acquiring New Ones

The Fintech Times

Despite the post-covid hype surrounding subscriptions dying off, a new report from Stripe , the financial infrastructure platform for businesses has found that the subscription economy is still healthy. The Stripe report found that 49 per cent of businesses are planning investments in global expansion to reach new customers over the next twelve months.

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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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Avaloq integrates digital asset platform at Zürcher Kantonalbank

Finextra

Avaloq has successfully integrated its secure and scalable digital asset platform at one of Switzerland’s leading banks, Zürcher Kantonalbank (ZKB), in partnership with Fireblocks.

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Payments-as-a-Service | B2B Finance Glossary

Paystand

What is Payments-as-a-Service? Paystand is pioneering something that’s never been done in the B2B industry: Payments-as-a-Service, a subscription-based software model for B2B payments – not a transaction-based model that drains revenue every time a payment is made. Our Payments-as-a-Service model helps give finance teams access to the Paystand Bank Network : a zero-fee payment network designed to eliminate transaction fees for mid-sized and large enterprises everywhere.

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Sustainable Finance Live 2024: Bank of Spain releases report on satellite data

Finextra

The Bank of Spain has recently released a report outlining the potential of satellite data to make a difference in collecting climate-related data.

Finance 59
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Navigating Monetization Strategies: How to Iterate Pricing While Keeping Your Customers Happy

Chargebee

Pricing isn’t a static element but a dynamic lever for growth. For CFOs and CEOs of SaaS companies, mastering the art of pricing strategy can impact revenue, customer satisfaction, and how quickly you are able to grow.

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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.