Open Banking Excellence

SEPTEMBER 27, 2024

Mexico in Focus: Open Banking and Financial Inclusion A briefing for banks and fintechs, with key insights and details of the opportunities available in LatAm’s third-largest nation. Open Banking represents an important possibility for both financial institutions and the Mexican population. Today, a significant portion of the Mexican population has limited or no access to traditional banking services.

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Financial Inclusion FinTech Laws Regulations 147

The Payments Association

SEPTEMBER 27, 2024

Lucinity , the global leader in AI software for financial crime compliance, has secured a second patent from the US for its proprietary federated learning technology , which provides a unique approach to allow global financial systems to share algorithmic learning patterns without sharing sensitive data. Intelligence can be securely shared across multiple entities, improving collaboration.

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AI Financial Crimes Security Crime 88

Open Banking Excellence

SEPTEMBER 27, 2024

10th October 2024 Live Event Linkedin Twitter 'Innovation Driving Growth' A FinTech as a Force for Good Forum Join us for our annual ‘FinTech as a Force for Good Forum’ as we explore FinTech’s role in supporting consumers through economic uncertainty, as well as its ability to help drive forward the wider ESG agenda. We look forward to welcoming FinTech founders, financial services institutions, policy-makers and regulators, professional services firms, investors, and international hubs for a on

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Innovation FinTech Financial Inclusion AI 130

The Payments Association

SEPTEMBER 27, 2024

A long time in the making, the Financial Conduct Authority has finally opened a consultation on new safeguarding rules for payments and e-money firms. Join Linklaters LLP for a webinar on Wednesday 2 October in which our payments experts will give an overview of the proposed rule changes, pick out key points of interest and look ahead to what happens next.

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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

Finovate

SEPTEMBER 27, 2024

PayPal is launching its PayPal Complete Payments platform in China, offering seamless cross-border payment solutions. The platform, which initially launched in the U.K., Canada, and Europe, helps merchants settle funds quickly and manage international payments. PayPal estimates the new tool will help Chinese merchants to reach over 400 million PayPal users globally.

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Cross-Border PayPal Facilitators Cross-Border Payments 105

Payments Dive

SEPTEMBER 27, 2024

The venture between the payments processor and the bank will expire in April, prompting a cash payment from one to the other.

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Processors Payments 113

Fintech Finance

SEPTEMBER 27, 2024

NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform similar to India’s ‘Unified Payments Interface’ (UPI). This collaboration marks a significant milestone, making Trinidad and Tobago the first Caribbean nation to adopt the globally renowned UPI.

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Real Time Payments Financial Inclusion Central Bank International Payments 98

Bank Automation

SEPTEMBER 27, 2024

Wells Fargo looks across all of its business lines when making investment decisions and selecting technology vendors. For the $1.7 trillion bank, working with vendors is “about the direction of the firm, our customer-forward focus and then thinking about intention and modernizing our core infrastructure,” Jazz Samra, head of strategic partnerships and innovation initiatives, told […] The post Wells Fargo applies vendor tech across business lines appeared first on Bank Automation News.

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Fintech Finance

SEPTEMBER 27, 2024

Building on the existing multimarket partnership to accelerate flexible payments adoption in the region, Mastercard and ZOOD , one of the leading digital lending platforms for e-commerce in the Middle East and Central Asia, has introduced a virtual BNPL card – ZOOD Card – in Uzbekistan. Being the first of its kind in the market, the ZOOD Card will enable consumers to convert their purchases into convenient installment plans for in-store, and local and global online shopping outlets.

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Visa BNPL Financial Inclusion On-Demand 98

The Fintech Times

SEPTEMBER 27, 2024

Consumers looking to switch current accounts for cash incentives are facing more hurdles than ever before, according to new research by personal finance comparison site finder.com. The number of unique requirements for bank switch deals has significantly increased over the past four years. The research , which analysed 86 bank switching offers, found that the maximum number of extra criteria needed to qualify for these deals has risen from two steps in 2020 to six in 2024.

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Debit Card Research Accounts Finance 72

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

Fintech Finance

SEPTEMBER 27, 2024

Cleverbridge , the all-in-one e-commerce platform for global subscription businesses, has announced the appointment of Kevin Feagan as its Chief Revenue Officer. Feagan will report directly to Wendi Sturgis, Chief Executive Officer, and serve as a member of Cleverbridge’s leadership team. In his new role, Feagan will oversee the go-to-market organization and be responsible for driving strategic alignment between all revenue-related functions.

Payments 98

Payments Compliance Transactions Continuity 98

Finextra

SEPTEMBER 27, 2024

The UK will push ahead with the move to a T+1 settlement cycle for securities trades by the end of 2027, regardless of whether the European Union makes the switch at the same time.

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Settlement Security 69

Fintech Finance

SEPTEMBER 27, 2024

PayMate , a B2B payment solutions provider, has officially entered into a strategic partnership with De’Xandra – Malaysia’s leading perfume brand, in a move aimed at revolutionizing B2B payment processes and boosting the growth of Malaysian SMEs. This collaboration marks PayMate’s entry into the Malaysian market aligning with its mission to drive digital transformation within the SME sector of the region.

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B2B SDN Payments Commercial Card 98

Chargebee

SEPTEMBER 27, 2024

Introduction to AI billing software In today’s rapidly evolving business landscape, AI billing software is revolutionizing financial management for companies of all sizes. This cutting-edge technology leverages artificial intelligence to streamline and automate complex billing and invoicing processes, offering unprecedented efficiency and accuracy.

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AI Reconciliation Automation Process 76

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

Fintech Finance

SEPTEMBER 27, 2024

PayPal unveiled PayPal Complete Payments , a safe and efficient all-in-one platform that integrates a range of customized products and solutions to support Chinese merchants in selling globally. This platform streamlines payment and receivables processes for businesses of all sizes in China, empowering them to thrive in cross-border trade and the digital economy.

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PayPal Cross-Border Cross-Border Payments Payments 98

Finovate

SEPTEMBER 27, 2024

This week’s edition of Finovate Global looks at recent developments in the fintech scene in Canada. First up, we head over to Toronto, Ontario, where embedded payroll software company Nmbr has secured $5.6 million (CAD$7.6 million) in seed funding. The round featured investors Panache Ventures, Golden Ventures, Motivate Venture Capital, and Luge Capital.

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Embedded Finance Finance Payroll Online and Mobile Banking 64

Fintech Finance

SEPTEMBER 27, 2024

Airbas e, the leading procure-to-pay solution for mid-market and larger organizations, is excited to announce a new era in financial operations with its launch of AI-powered Touchless AP (accounts payable). Digital transformation remains a top priority for 79% of finance leaders in 2024 according to Gartner. Yet, despite the availability of AP automation solutions, finance teams continue to struggle with manual, time-consuming processes that prevent them from focusing on high-value strategic wor

AI 97

AI Accounts Fraud Detection OFAC 97

Bank Automation

SEPTEMBER 27, 2024

Banks have traditionally been the lenders of choice for small businesses, but there are alternatives — at least in the legal industry. Alternative asset management firm Legalist, which has $1 billion assets under management, is tapping AI within the origination process to offer litigation finance to its clients, Eva Shang, general partner and chief executive […] The post Lenders tap AI to serve niche market segments appeared first on Bank Automation News.

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AI Legal Origination Small Business 64

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The Fintech Times

SEPTEMBER 27, 2024

Chainalysis , the blockchain data platform, has revealed that the UAE’s small population, when compared to other countries in the Middle East and North Africa (MENA) region, has not prevented it from becoming one of the front-running crypto economies. Receiving £34billion in cryptocurrencies between July 2023 and June 2024, the UAE has experienced 42 per cent year-on-year growth.

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Stablecoins Transactions Cryptocurrency Bitcoin 59

Finextra

SEPTEMBER 27, 2024

Businessnext, a global leader in composable enterprise solutions for financial services, has partnered with MongoDB to accelerate autonomous operations powered with specialized predictive and generative AI for banking and insurance.

AI 59

AI 59

The Fintech Times

SEPTEMBER 27, 2024

Visa is once again in the firing line of the Justice Department as the US administrator files a civil antitrust lawsuit against the payments processor. Visa has been accused of maintaining a monopoly over debit network markets in violation of Sections 1 and 2 of the Sherman Act. In 2020, the Justice Department filed a civil antitrust lawsuit to stop Visa from acquiring Plaid , a technology company that powers fintech apps developing disruptive options for online debit payments.

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Debit Network Innovation Debit Transaction Agreements 59

Finextra

SEPTEMBER 27, 2024

Earlier this month, Ronesans Enerji announced its Green Finance Framework to drive sustainable development in Turkey. A collaboration between financial investment institution Ronesans Holding and TotalEnergies, the joint venture aims to push forth proactive green finance projects.

Finance 59

Finance 59

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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.

Payments

The Fintech Times

SEPTEMBER 27, 2024

The Financial Conduct Authority (FCA) is consulting on proposals that it hopes will better protect consumers when payments and e-money firms go out of business. Despite the use of payments firms growing significantly in recent years, the FCA revealed it continues to see poor safeguarding practices from firms. In March 2023, the UK regulator’s director of payments and digital assets, Matthew Long , wrote to payment firms urging them to take appropriate action to ensure they have robust con

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Consumer Protection Consumer Consulting Payments 59

The Paypers

SEPTEMBER 27, 2024

Mastercard has announced its partnership with ZOOD in order to launch the first virtual BNPL card for customers and clients in the region of Uzbekistan.

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Visa BNPL 72

The Fintech Times

SEPTEMBER 27, 2024

Klarna , the AI-powered global payments network and shopping assistant, is launching flexible payment methods on physical payment terminals from Adyen across Europe, North America and Australia. Adyen is launching a QR payment solution by Klarna. To make a payment, customers scan a QR code displayed on an Adyen terminal, enabling them to complete the transaction on their mobile device.

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BNPL Payments Payment Networks AI 59

The Paypers

SEPTEMBER 27, 2024

Reports have surfaced that JPMorgan Chase and HSBC inadvertently processed payments for companies associated with Yevgeny Prigozhin, the former leader of the Wagner Group.

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Process Payments 66

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The Fintech Times

SEPTEMBER 27, 2024

Following years of research, SmartStream , the provider of financial transaction lifecycle management solutions, has launched the ninth version of its Air offering. This new version will transform how businesses manage data across the front-to-back office. The SmartStream offering will be achieved through two new modules: Air Data and Air Cash. Both of which use AI and machine learning capabilities.

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Reconciliation Settlement Volume Compliance 59

The Paypers

SEPTEMBER 27, 2024

Stripe , a financial infrastructure platform designed for businesses, has launched its new flagship office in Toronto as part of its expansion efforts.

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Finextra

SEPTEMBER 27, 2024

Finextra this week released new research investigating how institutions globally are tackling the mounting issue of trade-based financial crime (TBFC).

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Financial Crimes Crime Research 59

Nanonets

SEPTEMBER 27, 2024

The need for automation in the insurance industry is more pressing than ever. According to a recent study by Datos Insights , the insurance industry lags in terms of digitisation, with only 20% automation in underwriting and less than 3% automation in claims processing across sectors. This gap represents a significant opportunity for improvement and cost savings.

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Process Underwriting Automation Database 52

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

Embedded Finance