Wed.Jan 29, 2025

article thumbnail

NAB scam warnings help Australians abandon suspect payments

Finextra

National Australia Bank says customers abandoned A$48.5 million worth of payments in the past two months after getting scam warnings from the bank.

Scams 112
article thumbnail

Apple, Google coalition seeks to skirt payments rule

Payments Dive

Tech advocacy groups argue the tech giants should not be subject to a Consumer Financial Protection Bureau rule because they aren’t payment companies, according to a lawsuit filed this month.

Rules 97
article thumbnail

HSBC’s Strategic Retreat: A Bold Pivot or a Risky Gambit?

Finextra

Yesterday, I came across a fascinating piece of news: HSBC, the banking giant with a 159-year legacy.

100
100
article thumbnail

Gen Z still prefers in-person shopping

Payments Dive

The generation prioritizes buying beauty and luxury goods in person, placing a premium on the physical shopping experience, research from Adyen shows.

article thumbnail

The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

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

article thumbnail

Key learnings from 2024’s biggest financial crime fines

The Payments Association

2024 brought significant regulatory action, highlighting persistent weaknesses in financial crime controls across the industry. As we enter 2025, we look back at five significant cases from 2024 and the lessons they provide for organisations aiming to strengthen their financial crime frameworks. Common themes Analysis of these regulatory fines highlights four persistent weaknesses that continue to challenge the industry: Inadequate governance, accountability and culture: Ineffective governance a

More Trending

article thumbnail

Irish fintech Swoop secures $6 million to grow US business

Finextra

Irish fintech Swoop has secured a $6 million investment from Sandbox Industries to fund its expansion in the US market.

article thumbnail

HSBC sunsets year-old app Zing

Payments Dive

The bank launched the money transfer app last year in a bid to compete with cross-border payments companies like Wise and Remitly, but is shuttering the operation now.

article thumbnail

CME Group futures to launch on Robinhood

Finextra

CME Group, the world's leading derivatives marketplace, and Robinhood Derivatives, LLC ('Robinhood'), today announced that some of CME Group's most popular futures products have started rolling out on the Robinhood mobile app.

Product 78
article thumbnail

Amex GBT rolls out emissions-based carbon pricing tool

Payments Dive

American Express Global Business Travel said its new tool will help business travelers calculate their carbon footprint and direct investments toward sustainability initiatives.

78
article thumbnail

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

article thumbnail

Czech central bank governor floats holding bitcoin as reserve asset

Finextra

The governor of the Czech National Bank has floated the idea of holding billions of dollars worth of bitcoin in its reserves.

Bitcoin 72
article thumbnail

Paymob Partners With Woo to Help MENA Merchants Securely Scale

The Fintech Times

Paymob , the financial services enabler in the Middle East and North Africa (MENA), is joining forces with Woo , an open-source e-commerce platform, becoming Woos first preferred partner to launch in the region. As part of the collaboration, Paymob has embedded its checkout experience into the WooCommerce Marketplace, offering merchants streamlined access to its comprehensive suite of digital payment solutions.

article thumbnail

BBVA on the hunt for 1100 new tech employees

Finextra

BBVA has set a target of reaching 20,000 tech employees in 2025, with 1100 new hires in advanced technical roles up for grabs.

69
article thumbnail

Form3 Appoints Mark Fieldhouse as its New Chief Revenue Officer

Fintech Finance

Form3 the cloud-native account-to-account platform, today announces it has strengthened its Executive Management Team by appointing Mark Fieldhouse as its new Chief Revenue Officer. This appointment follows Matt Tucks decision to step back from full-time roles after a long and successful executive career in financial services, at the end of the current financial year on 31st March 2025.

article thumbnail

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?

article thumbnail

Lloyds and NatWest close more branches

Finextra

Lloyds Banking Group and NatWest have announced the closure of nearly 200 branches between them as the industry's retreat from the high street continues.

article thumbnail

Qatar’s Fintech Expansion: Key Milestones and 2024 Insights

The Fintech Times

In 2024, Qatar continued to strengthen its position as a leading player in the global fintech and economic landscape. The following overview from Richie Santosdiaz reflects on the significant strides the country made in developing its fintech ecosystem and advancing its broader economic diversification agenda. Capital and financial hub: Doha (Ranked globally 88 th ) Key economic development strategy: Qatar Vision 2030 Economic, financial services and fintech overview: The countrys economic diver

FinTech 59
article thumbnail

HSBC signs multi-year OTC derivatives servicing deal with Delta Capita

Finextra

Delta Capita has been selected by HSBC to deliver OTC derivatives confirmation and settlement services globally under a multi-year agreement.

article thumbnail

Ecommpay Adds MB Way to Payment Platform for Seamless Pay-ins and Refunds in Portugal

Fintech Finance

Inclusive global payments platform , Ecommpay , has added MB Way , the leading Portuguese e-wallet, delivering simpler, faster and lower cost pay – ins and refunds in the country. MB Way counts half of Portuguese bank account holders as its customers and holds a 45% market share of e-commerce transactions in the country. With almost three quarters of consumers researched by Ecommpay saying they might abandon an online purchase if their preferred payment method was not available, its crit

article thumbnail

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

article thumbnail

Santander UK chair resigns amid speculation about bank's future

Finextra

Santander UK chairman William Vereker is quitting his post as rumours swirl that the Spanish banking giant may be preparing for an exit from the UK.

Posting 69
article thumbnail

Eastnets Launches Managed SWIFT Service on AWS Cloud

Fintech Finance

Eastnets , a global leader in compliance and payments solutions, has launched its Managed SWIFT Service on AWS Cloud. The service address critical challenges such as regulatory compliance, operational complexity, and cybersecurity risks, the service offers institutions a secure, scalable, and cost-effective alternative to in-house SWIFT management. Managing SWIFT connectivity internally often requires significant resources, infrastructure investments, and dedicated expertise.

SWIFT 59
article thumbnail

Egypt's Bank NXT works with Red Hat to modernise tech stack

Finextra

Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, announced today a collaboration with Red Hat, the worlds leading provider of open-source solutions, to modernize its digital banking infrastructure.

66
article thumbnail

Akurateco teams up with DineroPay to improve mobile payments in Saudi Arabia

The Paypers

White-label payment gateway provider Akurateco has joined forces with DineroPay to advance Saudi Arabia’s mobile payments sector.

article thumbnail

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.

article thumbnail

Infinox hit with first transaction reporting fine under MiFir rules

Finextra

The FCA has issued its first fine for transaction reporting failures under MiFir regulations.

article thumbnail

AMP Bank Partners with Mastercard to Deliver Australia’s First Numberless Facing Debit Cards for Small Business

The Nilson Report

The post AMP Bank Partners with Mastercard to Deliver Australias First Numberless Facing Debit Cards for Small Business appeared first on Nilson Report.

article thumbnail

Trio sentenced for £380 per month crime-as-a-service operation

Finextra

Three men have been sentenced for running a website enabling criminals to defraud victims by circumventing banking anti-fraud checks.

Crime 64
article thumbnail

How an Order Management System Can Help Retailers Manage Discounts Effectively

DeckCommerce

Discounts are more than just a tactic to attract deal-seekersthey can be a strategic driver of revenue and customer loyalty. For ecommerce brands, mastering discount strategies isnt just about immediate sales; its about creating long-term value.

52
article thumbnail

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.

article thumbnail

Pleo enters treasury space

Finextra

With UK businesses anticipating a tough 2025, spend management platform Pleo is entering the treasury space with a new cash management offering.

article thumbnail

BofA and JP Morgan to petition White House and Congress following conservative appraisal

The Paypers

Bank of America (BofA) and JP Morgan have announced their intention to lobby the White House and Congress following accusations of closing accounts of conservative customers for political reasons.

article thumbnail

Macro Hive expands central bank LLM sentiment indices

Finextra

We are proud to announce the launch of three new AI-powered central bank sentiment indices, covering the European Central Bank (ECB), the Bank of England (BoE), and the Bank of Japan (BoJ).