Thu.Nov 28, 2024

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‘Serenity’ and ‘IDEMIA Secure Transactions’ Launch sAxess Biometric Card for Enhanced Digital Security and Data Recovery

Fintech Finance

Serenity , a tech and blockchain solution provider, and IDEMIA Secure Transactions (IST), a global leader in payment and connectivity solutions, announced the launch of sAxess , a biometric security card to improve data access control, security, and recovery. The partnership with IDEMIA Secure Transactions brings its extensive connections and expertise in payment and connectivity solutions, with 1,900 financial institutions and FinTechs clients worldwide, together with Serenity’s knowledge in bl

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Navigating the shift: How banks and PSP’s can thrive with PSD3 and PSR in the EU & UK

The Payments Association

The payments ecosystem in the UK and EU is in constant flux, driven by regulatory guidance and technological advances. In the UK, consumers and businesses make around 1,500 transactions every second. The government aims to simultaneously boost the economy and drive innovation in payments, via the National Payments Vision and Strategy, which has been shaped by views and inputs of over 100 financial institutions.

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CBA chops fraud with AI

Finextra

Australia's Commonwealth Bank says early implementation of GenAI is helping it to substantially reduce fraud rates.

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KPMG payments modernisation report 2024 launching soon

The Payments Association

KPMG are launching our second annual Payments Modernisation report, based on a global survey of 1,500 senior leaders across financial institutions and retailers covering Europe, APAC, North America and the Middle East, and we have found the pace of transformation is not slowing down, and not restricted to banks. Our first payment modernisation report in 2023 found financial institutions in the UK were embarking on significant payments modernisation initiatives, with expected benefits as well as

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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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Payment System Failures Disrupt Over Half of Hospitality Businesses Weekly

Fintech Finance

Nearly half (45%) of hospitality managers believe they will achieve their revenue targets this year, with a further 30% on track to exceed expectations, according to new data from payments technology company, Dojo. Over half (56%) of managers forecast up to or more than 10% revenue growth as the industry heads into the busy festive season. Many managers believe payments technology is key to continuing this growth trajectory. 21% of managers identify increasing operational efficiency through bett

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Hackers steal $17 million from Central Bank of Uganda

Finextra

Hackers have breached the Central Bank of Uganda's firewalls and stolen $17 million from Treasury accounts.

More Trending

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Telr Integrates Samsung Pay to Boost Mobile Payment Adoption Across the UAE

The Fintech Times

Telr , a UAE-based online payment gateway, is joining forces with Samsung Gulf Electronics to integrate Samsung Pay into its suite of payment solutions. By merging Telr expertise in online transactions with payment technology from Samsung, this collaboration aims to accelerate the adoption of mobile payments in the UAE, offering merchants and customers a secure, efficient, and user-friendly way to conduct transactions on Samsung devices.

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Black Friday to Become Darkest Yet for Businesses That Don’t Satisfy Consumer Payment Needs

Fintech Finance

This year’s Black Friday and Cyber Monday spend is projected to reach £3.8 billion in the UK, marking a 27% increase from the £3 billion planned in 2023, according to Finder. These sales events are pivotal moments in every merchant’s calendar, with the potential to make or break their end of year sales targets. However, consumers are demanding more flexible options at checkout.

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Orange Makes Customer Service More Accessible for Native West African Languages With AI

The Fintech Times

Orange , the telecommunications and digital service provider, has partnered with artificial intelligence (AI) research firm, OpenAI and Meta , the multinational tech conglomerate to drive digital inclusion and growth in the Middle East and Africa (MEA). Working with these firms, Orange will fine-tune its AI large language models (LLMs) to understand regional languages in Africa that are not understood by any GenAI model.

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Total Grassroots and Kelme Partner With GoCardless to Offer Stress-Free Payments and New Kits to Grassroots Football Clubs

Fintech Finance

Bank payment company GoCardless has announced a partnership with Total Grassroots and kit manufacturer Kelme to simplify payment collection for grassroots football clubs and kit out their team. By using GoCardless, clubs can show unpaid subscriptions and high card fees the red card. Its enhanced Direct Debit capabilities give club treasurers and secretaries greater visibility and control over their payments through an easy-to-use online platform, in addition to automatic payment collection and r

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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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Synapse fallout: partner banks face lawsuit

Finextra

The fallout from the collapse of Synapse continues, with several partner banks facing a lawsuit alleging mishandling of customer funds, and one of those banks insisting that end user funds it once held were moved by the BaaS platform before it went bankrupt.

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Airwallex Impact: Driving Innovation and Philanthropy in Singapore’s Fintech Ecosystem

Fintech News

The fintech ecosystem in Singapore continues to thrive and Australian-born global fintech leader Airwallex is stepping up its efforts to give back. Through Airwallex Impact, the company is strengthening its social impact to support startups, drive innovation, and foster philanthropy in Singapore and beyond. Making Philanthropy a Priority Airwallex joined the Pledge 1% movement in November 2024, committing 1% of its equity, valued at over US$56 million, as well as 1% of employee time, profits, an

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Former Revolut duo launch banking on blockchain startup

Finextra

Two ex-Revolut employees have raised $2.3 million in pre-Seed funding to build Bleap, a self-custodial stablecoin app with an accompanying debit card.

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interactive investor Adds Payit by NatWest to Help Users Manage Investments

The Fintech Times

Investment platform, interactive investor has improved the way its customers can make payments or deposit funds online as it partners with UK bank, NatWest. The partnership will see interactive investor utilise Payit by NatWest , its open banking payments solution, to enable customers to invest as soon as they deposit funds onto the platform. The solution will be added to the ever-growing list of ways customers can manage their investments in a safe and simple way. interactive investor users ca

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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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Fintech hiring compensates for declining demand among banks for risk and compliance roles

Finextra

The UK job market for risk and compliance roles is undergoing a significant transformation, with the fintech sector leading the charge.

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Yuno Enables Organizations to Transform Online Checkout Experiences, Allowing Customers to Pay Securely Without the Need for Passwords

Fintech Finance

Yuno , a leading global payment orchestrator, announces that Mastercard’s Click to Pay at checkout is now available to all Yuno clients. Click to Pay helps improve customer experience by ensuring purchases can be made securely and quickly with just a few clicks, significantly decreasing the instances of cart abandonment that plagues the e-commerce industry.

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How to win global liquidity challenges?

Nomentia

Global liquidity challenges When it comes to the work of a corporate treasurer, questions about current cash position, cash forecast accuracy, working capital, funding options, and risk exposures are frequent. Why?

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MPs call for urgent FCA reform

Neopay

A recent report from the All-Party Parliamentary Group (APPG) on Investment Fraud and Fairer Financial Services has sparked widespread debate, branding the UK’s Financial Conduct Authority (FCA) as “incompetent at best, dishonest at worst.” Based on two and a half years of testimony from 175 respondents, including whistleblowers, victims, and current and former FCA employees, the report outlines critical failings in the regulator’s operations and culture while proposing significant r

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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.

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TBC Bank Uzbekistan secures $10 Million from Global Gender-Smart Fund

Finextra

TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces today it has secured $10 million from the Global Gender-Smart Fund (GGSF), helping TBC Uzbekistan to continue diversifying its funding base and expanding financial inclusion in Central Asia’s largest nation by population.

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Embedded Finance Empowers New Business Technology in Latest Report by Weavr

Fintech Finance

Weavr ’s recent whitepaper, titled “ Flexible benefits cards: Employee choice, business control ”, highlights the impact that fintech, and embedded finance in particular, is having on recent business applications, particularly those utilised by HR teams for employee benefits schemes. The report found that 50% of UK-based benefit managers were searching for new employee benefits solutions, and 60% of them would value a specific fintech solution, “spendable benefit cards”, as the financial feature

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HSBC Launches Smart Transact to Support International Business Growth

The Fintech Times

Businesses eyeing international expansion can be faced with a myriad of challenges. Looking to give them as much support as possible, HSBC, the UK bank, has launched a new solution: Smart Transact. Smart Transact by HSBC equips businesses with the core capabilities they require to grow abroad including a current account, domestic and cross-border payment capabilities.

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Target Group partners with Provenir to supercharge Mortgage Hub platform

Finextra

Target Group has partnered with Provenir, a global leader in decisioning software, to help power its state-of-the-art mortgage originations platform, Mortgage Hub.

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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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TCB Pay Launches Corporate Card Programme to Help Businesses Streamline Expense Management

The Fintech Times

Payment processor, TCB Pay , has launched a new corporate card programme, dubbed ‘TCB Pay Issuing’, to streamline expense management and enhance financial control for businesses. With TCB Pay Issuing, the company aims to simplify corporate spending through a suite of features tailored to meet the needs of modern enterprises. TCB Pay Issuing provides companies with the flexibility to optimise their business operations. “We’re delighted to introduce TCB Pay Issuing, a corpo

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John Lewis unveils pocket money pet for young kids

Finextra

With Christmas fast approaching, UK department store John Lewis has unveiled Nestlums, a Tamagotchi-style pet that helps young children learn about money.

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Latest Mollie Partnership Enables EU and UK Marketplaces to Offer PayPal to Customers

The Fintech Times

Mollie , the European financial service provider, is joining forces with PayPal , in a move to deliver secure payment solutions for marketplace platforms across Europe. Through this collaboration, Mollie will offer PayPal as a payment option to marketplaces in the European Union and in the UK. This aims to further enhance Mollie’s full payment solution offering, providing a range of payment options, including credit and debit cards, digital wallets, bank transfers, and local payment method

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SIX invests in Spanish tokenized real estate platform OpenBrick

Finextra

BME today announced its investment in OpenBrick, a digital platform for the issuance, management, trading and settlement of tokenized securities linked to real estate projects.

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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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5 Bold CFO Moves to Reinvent B2B Payments in 2025

Paystand

Discover essential CFO strategies to transform B2B payments in 2025. From digital solutions and AI to blockchain and financial agility, learn how to drive efficiency, optimize cash flow, and future-proof your finance operations.

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Three-quarters of financial product sales in UK conducted online

Finextra

Leading consultancy Kearney has today released the latest data from its annual European Retail Banking Radar, revealing that 74% of all product sales in the UK do not involve a branch or human interaction, confirming that consumers overwhelmingly prefer to interact with financial institutions remotely.

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‘Serenity’ and ‘IDEMIA Secure Transactions’ Launch sAxess Biometric Card for Enhanced Digital Security and Data Recovery

Fintech Review

Dubai, UAE, November 28th, 2024, Chainwire Serenity , a tech and blockchain solution provider, and IDEMIA Secure Transactions (IST), a global leader in payment and connectivity solutions, announced the launch of sAxess , a biometric security card to improve data access control, security, and recovery. The partnership with IDEMIA Secure Transactions brings its extensive connections and expertise in payment and connectivity solutions, with 1,900 financial institutions and FinTechs clients worldwid

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Reem Finance selects Temenos

Finextra

Temenos today announces that Reem Finance, a leading corporate and retail finance specialist licensed and regulated by the UAE Central Bank, has selected Temenos to power a new digital community bank in the United Arab Emirates.

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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.