The Fintech Times

AUGUST 11, 2024

Binance has recovered or frozen over $73million in user funds so far this year, surpassing the $55million secured throughout the entire year of 2023. This increase reflects the platform’s intensified security efforts to combat external hacks and scams. Approximately 80 per cent of these recoveries are linked to hacks, exploits and thefts that occurred outside the Binance platform, with the remaining 20 per cent involving external scams.

Scams 112

Scams Monetary Loss Cryptocurrency Blockchain 112

Fintech News

AUGUST 11, 2024

Thailand’s Securities and Exchange Commission (SEC) has officially launched the Digital Asset Regulatory Sandbox to support the development and testing of digital asset services in a real-world environment. Thailand’s digital asset sandbox aims to foster innovation in the capital market while ensuring regulatory compliance through a flexible framework.

Regulatory Compliance 115

Regulatory Compliance Participant Advisors Adjustments 115

The Fintech Times

AUGUST 11, 2024

Setu, a Pine Labs company, in collaboration with Axis Bank, has launched UPISetu in India, an UPI-focused payments platform specifically designed for businesses and developers. The platform aims to capitalise on the rapid growth of the Unified Payments Interface (UPI) in India, which has seen a big increase in adoption over the past two years. According to data from the National Payments Corporation of India (NPCI ), UPI transactions have skyrocketed by 137 per cent between June 2022 and June 20

Digital Payments 69

Digital Payments Payments Payment Gateways Debit Card 69

Fintech News

AUGUST 11, 2024

Indonesia’s Financial Services Authority (OJK) has introduced a new roadmap for the development and strengthening of financial sector technology innovation, digital financial assets, and crypto assets for the period of 2024-2028. The roadmap, titled “Welcoming the Future of Digital Finance: Laying the Foundation for Effective and Balanced Supervision,” was unveiled during the OJK Digital Financial Innovation Day (OJK Digination) 2024 in Jakarta.

Finance 111

Finance Law Enforcement Financial Literacy Innovation 111

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

The Fintech Times

AUGUST 11, 2024

The UK’s Financial Conduct Authority (FCA) has issued a sharp warning to crypto firms, highlighting significant shortcomings in their compliance with new financial promotion rules. The FCA’s recent review, following the October 2023 introduction of a new regulatory regime , revealed widespread non-compliance, particularly concerning the promotion of cryptoassets that claim to offer stability.

Compliance 69

Compliance Due Diligence Regulations Risk 69

Finextra

AUGUST 11, 2024

Startup accelerator Techstars is cutting its workforce by 17% and killing off its $80 million JP Morgan-backed Advancing Cities programme.

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Finextra

AUGUST 11, 2024

An Arsenal to Defend Against Card Transaction Fraud Fraudsters are no longer individuals who are looking to infiltrate gaps or weaknesses in how our businesses are set up. They are expert technologists and strategists that steal customer data, take over accounts and break into tough security measures. Between 2023 and 2027, merchants are expected to lose a total of $343 billion to online payment.

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Transactions Automation API AI 52

Nanonets

AUGUST 11, 2024

Quickbooks is an accounting software that helps small and medium businesses perform financial operations such as expense tracking, reconciliation, and invoicing. Quickbooks imports transaction data from uploaded bank statements to perform financial operations. In order to import transaction data, bank statements need to be uploaded in Quickbooks supported formats such as Quicken (QFX), QuickBooks Online (QBO), Quickbook Supported CSV, or Microsoft Money (OFX).

Transactions 52

Transactions Reconciliation Credit Cards Accounts 52

Finextra

AUGUST 11, 2024

Research predicted that hacks and data breaches will cost the global economy over $9.5 trillion by.

Data Breach 59

Data Breach Breach AI Economy 59

Nanonets

AUGUST 11, 2024

Businesses often use a third-party finance and accounting software, such as Quickbooks, to process financial and transactional data for efficient accounting and financial due diligence. A firm’s financial data is mostly present in PDF documents such as invoices, receipts, bank statements, and purchase orders.  However, financial data in this form cannot be uploaded or imported directly into Quickbooks.

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Due Diligence Credit Cards Accounts Transactions 52

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

The Paypers

AUGUST 11, 2024

Payment solution provider MultiPass has announced receiving a financial services licence in the UAE from the Dubai Financial Services Authority (DFSA).

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Authorization Payment Solutions Payments 41

The Paypers

AUGUST 11, 2024

UK-based environmental and financial data company Icebreaker One has launched the Perseus program to automate emissions reporting for UK SMEs.

Automation 36

Automation 36