Finextra

MARCH 19, 2024

Revolut has rolled out a Point-of-Sale iPad application for businesses in the hospitality industry.

Product 130

Product 130

Fintech News

MARCH 19, 2024

Tokenize Xchange, a digital asset exchange based in Singapore, has received an additional investment of US$11.5 million in the second phase of its Series A funding round from venture capital firm TRIVE and various high-net-worth individuals. This brings its total amount raised in Series A to US$23 million, with the company aiming for a US$33 million total by the end of the year.

Security 116

Security Accreditation Compliance Digital Payments 116

Finextra

MARCH 19, 2024

The Bank for International Settlements has completed proof-of-concept testing of Project Gaia, an initiative conducted in concert with three central banks to explore the use of natural language processing, optical character recognition and machine learning to extract climate-related data from corporate reports.

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Fintech News

MARCH 19, 2024

Indonesian fintech company JULO has rolled out a new healthcare financing service, allowing its 2 million users to cover their medical expenses across the country. The service, dubbed JULO Health, offers financing options for treatments at hospitals, clinics, dentists, pharmacies, laboratories, and diagnostic centers through its digital platform. Users can get loans of up to 50 million rupiah (approximately US$ 3,000) and opt for up to nine months of installment payments.

FinTech 111

FinTech Finance Innovation Transactions 111

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

Finextra

MARCH 19, 2024

Fiancial messaging co-operative swift has been enlisted by Aastralian Payments Plus (AP+) to build a confirmation of payee service to reduce the risk of misdirected payments and increase defences against payment fraud.

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Payee SWIFT Risk Payments 111

Finextra

MARCH 19, 2024

Global payment orchestration platform FinMont has announced a new partnership with the leading digital African online payment solution, DPO Pay by Network.

Security 98

Security Global Payments Payment Solutions Payments 98

Fintech News

MARCH 19, 2024

Swift has been selected by Australian Payments Plus (AP+) to develop a new service aimed at enhancing the safety and security of money transfers in Australia. This service, known as confirmation of payee, is designed to minimise the risk of erroneous payments and bolster defenses against fraud. The new measure will verify the identity of payment recipients before transactions are completed.

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SWIFT Payee Cross-Border Payments Scams 107

Payments Dive

MARCH 19, 2024

Automated payments volume processed by The Clearing House grew at a faster rate than at the Federal Reserve last year.

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Federal Reserve ACH Fed Volume 97

Fintech News

MARCH 19, 2024

DBS Bank India has announced a commitment of US$250 million to provide loans to startups across the country, according to Tech in Asia report. This commitment by DBS India is aimed at bolstering startups that are leveraging advanced technologies to create innovative solutions in various sectors. The initiative targets a wide array of startups, with a particular focus on those operating in technology, healthcare, and sectors benefiting from AI applications, including finance, retail, and logistic

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AI Finance Innovation FinTech 107

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Finextra

MARCH 19, 2024

In its Business Plan for 2024-25, the FCA has set out an ambitious programme of work for the final year of its 3-year strategy to achieve better outcomes for consumers and markets.

Consumer 95

Consumer 95

Fintech News

MARCH 19, 2024

Singaporean fashion retailer Charles & Keith has joined forces with Canadian payments firm Nuvei Corporation to revamp its online payment systems amid its ongoing international growth strategy. A single integration with Nuvei’s comprehensive payments technology platform will enable Charles & Keith to adopt a variety of alternative payment methods (APMs).

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Alternative Payment Methods On-Demand Facilitators Technology 107

TechCrunch Fintech

MARCH 19, 2024

Fintech exploded over the last five years. Startups in the category raised more than $350 million in VC funding from 2019 through 2023, according to data from CB Insights. Despite all that growth, Eric Gylman, the co-founder and CEO of Ramp thinks that the industry, and companies like his, are just scratching the surface. Glyman […] © 2024 TechCrunch.

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FinTech 94

Fintech News

MARCH 19, 2024

Singapore-based Accredify, known for its verifiable technology solutions, has received a strategic investment from Okta Ventures. The sum was not disclosed. This investment is part of an extension to Accredify’s Series A financing, marking Okta Ventures’ first foray into a startup headquartered in Singapore. This follows Accredify’s US$7 million funding round in April 2023, co-led by iGlobe Partners and SIG Venture Capital with additional support from Pavilion Capital and Qualg

MFA 106

MFA Deepfake Credential Privacy 106

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

MARCH 19, 2024

Speaking at MPE 2024, Karan Johal, Global Head of Sales at Ecommpay, discusses emerging trends and challenges in the e-commerce sector, focusing on contactless payments, customer expectations, security, and the role of alternative payment methods (APMs) in enhancing the payment experience and expanding geographical reach for merchants.

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Alternative Payment Methods Contactless Payments Security Payments 94

Payments Dive

MARCH 19, 2024

“With respect to transaction monitoring for fraud, it would no longer be acceptable to do nothing,” Nacha Executive Vice President Michael Herd said.

NACHA 88

NACHA Nacha Rules Rules Transactions 88

The Payments Association

MARCH 19, 2024

TerraPay, a company specialising in global cross-border payments, has recently been granted a Major Payment Institution (MPI) License by the Monetary Authority of Singapore (MAS).

Payments Institute 88

Payments Institute Authorization Cross-Border Payments Cross-Border 88

Payments Dive

MARCH 19, 2024

The card giant said the expanded partnership will let the Chinese digital wallet company’s 1 billion users send payments to 180 markets.

Visa 88

Visa Payments 88

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 Payments Association

MARCH 19, 2024

Fintech company Unlimit has announced its entry into the Tanzanian market and received the Bank of Tanzania (“BOT”) licence, marking another significant step in its regional expansion.

Bots 88

Bots Security FinTech Payments 88

Basis Theory

MARCH 19, 2024

The Payment Card Industry Data Security Standard (PCI DSS) is the global standard for ensuring the secure handling of credit card data. It’s designed to protect cardholder data from theft and misuse.

PCI DSS 88

PCI DSS Credit Cards Data Security Security 88

The Payments Association

MARCH 19, 2024

The UK's banking sector is on the cusp of a major shift with the imminent expansion of the Confirmation of Payee (CoP) system, a move aimed squarely at further curtailing Authorised Push Payment (APP) fraud.

Payee 88

Payee Payments Financial Crimes Crime 88

Stax

MARCH 19, 2024

Business owners are increasingly showing an overwhelming preference for SaaS platforms with embedded payment capabilities as part of their offerings. Manual payment processing and disconnected software and payment solutions are dying out, and research by Sifted shows that the integrated financial services market will grow to $3.6 trillion by 2030. Only SaaS companies that take the step to offer seamless integrated payment processing on their platforms will retain the loyalty of their customers

Payment APIs and Integration 88

Payment APIs and Integration Embedded Payments Payments Online and Mobile Banking 88

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

TechCrunch Fintech

MARCH 19, 2024

Payments company Nala pivoted to offer remittance service in 2021, tapping the growing money transfer market in Africa, and demand for reliable and affordable services. Nala founder, Benjamin Fernandes, said they intended to build their products on this premise right from the outset. Over the last two years, the Tanzanian fintech, through its consumer fintech […] © 2024 TechCrunch.

B2B 87

B2B On-Demand Payments FinTech 87

Bank Automation

MARCH 19, 2024

NASHVILLE, Tenn. — Wells Fargo is amping up its artificial intelligence project pipeline. The bank has 191 AI, machine learning and natural language processing features in the pipeline, with nearly half already in production, Steve Hagerman, chief information officer of consumer technology at Wells Fargo, said at Bank Automation Summit 2024 on March 18.

AI 81

AI Automation Process Product 81

Payments Dive

MARCH 19, 2024

The level of debt may surpass the all-time record this year, even when adjusted for inflation, some analysts say.

Credit Cards 78

Credit Cards Adjustments 78

Bank Automation

MARCH 19, 2024

NASHVILLE, Tenn. — BankUnited has deployed an AI chatbot to help employees search for information and procedures internally. The deployment was disclosed March 18 by Michael Lehmbeck, chief technology officer for Miami Lakes, Fl.-based BankUnited, at Bank Automation Summit 2024, presented by Bank Automation News.

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Procedures Automation AI Technology 75

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The Paypers

MARCH 19, 2024

Cooperative Bank of Oromia has launched CoopApp and CoopApp Alhuda on Temenos Digital (Infinity) for a digitalised conventional and Islamic banking experience.

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Finextra

MARCH 19, 2024

In a world where the digital revolution is reshaping every corner of our lives, the banking sector s.

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NACHA

MARCH 19, 2024

HERNDON, Virginia, March 20, 2024 – Nacha’s Top 50 ranking of financial institution originators and receivers of ACH payments for 2023 was released today. The Top 50 originating institutions had total ACH Network volume of nearly 27.7 billion payments last year, an increase of 5.7% over 2022. They accounted for 93.1% of the ACH Network’s total commercial payments volume.

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ACH Origination ACH Origination ACH Network 72