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.
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).
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.
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.
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
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.
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.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
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.
TechCrunch Fintech
MARCH 19, 2024
Fintech exploded over the last five years. Startups in the category raised more than $350 million in VC funding from 2019 through 2023, according to data from CB Insights. Despite all that growth, Eric Gylman, the co-founder and CEO of Ramp thinks that the industry, and companies like his, are just scratching the surface. Glyman […] © 2024 TechCrunch.
Finextra
MARCH 19, 2024
In its Business Plan for 2024-25, the FCA has set out an ambitious programme of work for the final year of its 3-year strategy to achieve better outcomes for consumers and markets.
Payments Dive
MARCH 19, 2024
“With respect to transaction monitoring for fraud, it would no longer be acceptable to do nothing,” Nacha Executive Vice President Michael Herd said.
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Finextra
MARCH 19, 2024
Revolut has rolled out a Point-of-Sale iPad application for businesses in the hospitality industry.
Fintech News
MARCH 19, 2024
Indonesian fintech company JULO has rolled out a new healthcare financing service, allowing its 2 million users to cover their medical expenses across the country. The service, dubbed JULO Health, offers financing options for treatments at hospitals, clinics, dentists, pharmacies, laboratories, and diagnostic centers through its digital platform. Users can get loans of up to 50 million rupiah (approximately US$ 3,000) and opt for up to nine months of installment payments.
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.
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
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
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.
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).
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.
Fintech News
MARCH 19, 2024
Shopping and rewards platform ShopBack’s CEO Henry Chan announced that the company will be laying off 195 roles which amounts to 24% of its group headcount. Chan described the layoffs as a last resort to become “more focused and self-sustainable” in a blog message. This move comes on the heels of ShopBack’s decision to end its Buy Now, Pay Later (BNPL) service that takes effect this Friday (22 March 2024) in Singapore and Malaysia.
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 Dive
MARCH 19, 2024
Automated payments volume processed by The Clearing House grew at a faster rate than at the Federal Reserve last year.
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
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.
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.
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.
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.
Finextra
MARCH 19, 2024
Stock market investment app Robinhood has marked its launch in the UK with the erection of an eight-foot-tall Robin Hood statue firing an arrow in the direction of the Bank of England.
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.
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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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.
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.
The Fintech Times
MARCH 19, 2024
New research from PensionBee , the online pension provider, reveals that over £50billion stored in pensions is at risk of being misplaced in abandoned accounts or scattered across multiple lost pots. The new PensionBee research estimates that at least 4.8 million pension pots were considered to be ‘lost’ among the UK population in 2023, with nearly one in 10 workers believing they could have lost a pension pot worth more than £10,000.
Finovate
MARCH 19, 2024
Data intelligence business Curinos and mortgage pricing technology provider Lender Price announced a new partnership this week. The partnership will integrate Curinos’ LendersBenchmark Analyzer and pricing analytics into Lender Price’s Enterprise Pricing Engine. Curinos made its Finovate debut last year at FinovateSpring 2023 in San Francisco.
Finextra
MARCH 19, 2024
German Banking-as-a-Service outfit Solaris has raised €96 million in a Series F funding round and secured a financial guarentee of up to €100 million capital equivalent which will enable it to execute on a major credit card contract with Munich-based motor association Adac.
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