Fintech News

JULY 4, 2024

OCBC has partnered with Goldhorse Capital Management to expand its product offerings in a scalable manner, targeting institutional clients in the Private Wealth Management (PWM) sector across Singapore, Hong Kong, Malaysia, and Dubai. An array of OCBC ‘s structured investment products can now be accessed in real-time by the bank’s eligible clients via Extramile , a rapidly growing financial product platform in Asia developed and operated by Goldhorse.

On-Demand 102

On-Demand Issuers Product Posting 102

Fintech Finance

JULY 4, 2024

SecurityTech company Giesecke+Devrient (G+D) is making digital payments independent of online connectivity. The token-based payment solution G+D Filia® Unplugged enables consecutive, secure offline payment transactions anytime and anywhere, bridging the gap between seamless online and offline payments without a reliable internet connection. Even in today’s digital-first economy, connectivity issues can present challenges for digital payment transactions, especially in rural areas.

Digital Payments 98

Digital Payments Online and Mobile Banking Financial Inclusion Central Bank 98

Fintech News

JULY 4, 2024

As artificial intelligence (AI) rapidly transitions from a nascent development to a ubiquitous technology accelerating advancements across the financial landscape, far-reaching implications for central banks worldwide are quickly emerging. As stewards of monetary policy and financial stability, central banks need to grapple with AI’s legitimately game-changing potential while harnessing its capabilities to enhance their own operations.

Central Bank 101

Central Bank AI Correspondent Bank Correspondent 101

Finextra

JULY 4, 2024

On the day that the United Kingdom heads to the polls to vote in the General Election, The Payments Association has issued a plea to the incoming Chancellor to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

Government 78

Government Governance Origination Payments 78

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

The Fintech Times

JULY 4, 2024

On 28 June, multiple big-name banks across the UK were hit with an outage, leaving many customers unable to access their funds. HSBC , Virgin Money , Lloyds Bank , Barclays and Nationwide , all set out to uncover if they had been a victim of a cyberattack or simply faced issues with computer servers. Cloud and the internet are integral to powering the enterprise network for applications and services in the financial sector.

Online and Mobile Banking 69

Online and Mobile Banking Mitigation Cybersecurity Consumer 69

Finextra

JULY 4, 2024

Companies that decide to list outside the UK or move valuable operations from the country should be made to pay back tax-payer funded support they have previously taken, according to a UK Finance report.

Finance 69

Finance Payer 69

Finextra

JULY 4, 2024

Join FinextraTV at Money20/20 2024 as Vedran Jankovic, Sales Head Virtual Asset Service Providers, Deutsche Bank and Lukas Enzersdorfer, Deputy CEO & Chief Operating Officer, Bitpanda, explore key trends shaping the financial industry and the role of fintech firms in reshaping these trends. The catalyst for this conversation is Deutsche Bank and Bitpanda's recent partnership to provide a cash management solution for the German market.

Blockchain 69

Blockchain FinTech Cryptocurrency Cash Management 69

The Fintech Times

JULY 4, 2024

The American Fintech Council (AFC), the leading industry association representing responsible fintech companies and innovative banks, is partnering with the Association of Military Banks of America (AMBA), to promote responsible innovation in financial services to best serve military and veteran families. By working together, the two organisations hope to create more opportunities for members to collaborate and provide innovative financial literacy offerings, introduce safe and affordable fintec

FinTech 49

FinTech Financial Literacy Community Banks Innovation 49

Finextra

JULY 4, 2024

At the Point Zero Forum, Chainlink has announced a collaboration with Fidelity International and Sygnum to bring Net Asset Value (NAV) data onchain.

72

72

The Fintech Times

JULY 4, 2024

Research has revealed major gaps in the wealth management industry’s ability to engage younger demographics. Tellingly, less than half of younger investors feel comfortable with basic investment principles. With an estimated $84trillion poised to transfer from baby boomers to younger generations in the coming years, the wealth management sector must evolve rapidly, says Invessed.

Financial Literacy 59

Financial Literacy On-Demand Addressing Research 59

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

Finextra

JULY 4, 2024

At EBAday 2024, Nadish Lad, Global Head of Product, Volante Technologies, sets the scene in regards to Payments as a Service, where the industry is at and the next steps for financial institutions looking to modernise further. Gone are the days of the traditional model where products were procured by banks and deployed in their own data centres. The future is PaaS, and the product and the delivery mechanism must be outsourced, leaving banks to focus on banking - assured that their infrastructure

Payments 59

Payments Product Technology 59

Nomentia

JULY 4, 2024

Organizations of many sizes reach a point where payment technologies become inevitable. As organizations grow, the volume of payments rises, more bank accounts need to be opened (more e-banking tokens and manual payments), ERP systems start playing a more prominent role, and you'll likely add new entities and users, only to name a few challenges. This results in highly complex and inefficient payment processes.

Payments 59

Payments Volume Accounts Process 59

Finextra

JULY 4, 2024

At EBAday 2024, Simone Del Guerra, Head of Central Institutions & International Sales, Nexi Group, talks about the development of A2A payments and how instant payments will be the catalyst for A2A payments in Europe. A2A payments are currently fragmented due to the user experience at point of sale not being as efficient as more popular payment methods such as credit cards or digital wallets and customers also do not have the knowledge of or trust in A2A payments.

Overlay Service 59

Overlay Service Instant Payments Push-to-Card Database 59

PayXpert

JULY 4, 2024

Chinese tourists are gradually returning to Europe and the UK. According to the Spanish National Tourism Organization the number of Chinese tourists visiting Spain has increased by 420% in the first half of 2023 , compared to the same period in the previous year. During the same period, Chinese tourists spending increased by 592%. This surge is attributed to the lifting of COVID-19 travel restrictions.

Consumer 59

Consumer Returns Payments 59

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

Finextra

JULY 4, 2024

At EBAday 2024, Simon Eacott, Head of Payments, NatWest, discusses the instant payments evolution, revolution and the challenges that remain for banks that are required to implement instant payments. Beyond the technical challenges and the regulatory agenda that has led to congestion in delivery and before full adoption of instant payments can be achieved, financial institutions must ensure they have a customer experience that works.

Instant Payments 59

Instant Payments Consumer Protection Payments Consumer 59

Fintech Finance

JULY 4, 2024

On the day that the United Kingdom heads to the polls to vote in the General Election, The Payments Association , which celebrates innovation and collaboration across the industry, has drafted a letter to the UK’s new Chancellor of the Exchequer. The letter will be delivered following today’s election, when the position has been filled, and will highlight the payments community’s priorities for the sector.

Scams 98

Scams Payments Interoperability Government 98

Finextra

JULY 4, 2024

At EBAday 2024, Marianne Demarchi, Chief Executive Europe, Middle East & Africa, Swift, focused on the incoming Instant Payments Regulation and Swift's recently released research on SMEs and cross border payments. Exploring the impact of the regulation on the industry and Swift's role, the discussion covers how interoperability can be facilitated between domestic Verification of Payee providers, enhancing their reach across Europe and beyond, while simplifying compliance with the regulation for

Interoperability 59

Interoperability Instant Payments Cross-Border Payments Cross-Border 59

Fintech Finance

JULY 4, 2024

Worldline [Euronext: WLN], a global leader in payment services, continues its strategic partnership with BKN301 , a Banking-as-a-Service fintech company that continues to grow in the digital payment services market. The partnership that began in 2022 includes BKN301’s integration of Worldline’s solutions to handle Issuing and Acquiring technical processing activities.

Digital Payments 97

Digital Payments Payments Value Added Service Acquirers 97

Advertisement

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.

AI

Finextra

JULY 4, 2024

Worldline [Euronext: WLN], a global leader in payment services, continues its strategic partnership with BKN301, a Banking-as-a-Service fintech company that continues to grow in the digital payment services market.

Digital Payments 59

Digital Payments Continuity FinTech Payments 59

Neopay

JULY 4, 2024

As the one-year mark of the Consumer Duty’s implementation approaches, firms are reminded that the first board reports on Consumer Duty implementation and outcomes are due by 31 July 2024. These reports are critical for assessing and evidencing how firms have provided good outcomes for consumers under the Duty. Importance of board reports According to the Financial Conduct Authority (FCA), “Board reports are key to assess and evidence how firms have provided good outcomes for consume

Consumer 52

Consumer Risk Assessment Assessments Compliance 52

Finextra

JULY 4, 2024

IDVerse, a pioneer in generative AI identity solutions, celebrates a significant milestone as TrustID, a proven expert in identity verification and fraud prevention, joins its growing roster of clients.

Fraud Prevention 52

Fraud Prevention Verification AI 52

Neopay

JULY 4, 2024

With the change in the anti-money laundering (AML) supervisory approach of the Financial Conduct Authority (FCA), many firms are nervous about whether they will face FCA scrutiny and what to expect if they do. Nigel Reed, COO of Neopay Ltd, has personally supported over 100 firms in gaining authorisation from the FCA and continues to provide support to them after authorisation to help them with their AML and regulatory compliance.

AML 52

AML Due Diligence Suspicious Activity Report (SAR) Risk Assessment 52

Advertisement

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

Finextra

JULY 4, 2024

EQS Group, a leading international cloud software provider for corporate compliance, investor relations and sustainability reporting, today announces that it has entered into exclusive negotiations for the acquisition of French company Data Legal Drive, a key player in the GDPR and anti-corruption compliance software market.

Legal 52

Legal Acquirers Compliance 52

Chargebee

JULY 4, 2024

If you accept payments online, the checkout is the final touchpoint between your business and a successful sale. It can be frustrating to see a potential customer abandon the checkout process at the last moment, and bringing them back can significantly increase your acquisition costs. Crafting a perfect checkout experience is challenging, but when everything flows smoothly, it becomes the beating heart of your business.

Process 52

Process Transactions Payments 52

Finextra

JULY 4, 2024

Starting in December, BME will incorporate a new functionality to its Smart platform called SpainAtMid, a non-displayed pool which will allow the trading of equities at the BBO mid-point of BME's central limit order book (CLOB).

52

52

The Fintech Times

JULY 4, 2024

Welcome to The Fintech Times Bi-Weekly News Roundup on Thursday 4 July 2024 bringing you the latest updates from across the world. Industry hires Paymentology , the global issuer-processor, appoints Stephen Bowe as chief product officer. With 15 years-plus experience in banking and payments Bowe joins Paymentology’s leadership team to drive innovation in the company’s payment products.

FinTech 59

FinTech Non-Bank Agreements CHIPS 59

Advertisement

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

End User

Finextra

JULY 4, 2024

The European Banking Authority (EBA) issued today new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto assets. This rule will help tackle the abuse of such transfers for money laundering and terrorist financing purposes.

Travel Rule 52

Travel Rule Rules Money Laundering Authorization 52

The Fintech Times

JULY 4, 2024

Digital payments giant Visa is joining forces with Emaar Properties PJSC , the largest real estate developer in the UAE, and Mashreq , the UAE-based digital bank, in a move to digitise B2B Payments through an integrated payables solution using Visa and Mashreq virtual card solution. Launched in 2021, the Visa virtual card solution enables direct integration into ERPs through API connectivity allowing Emaar the ability to make B2B payments using a digitised way of making payments over traditional

Automation 45

Automation Payment APIs and Integration B2B Reconciliation 45

Finextra

JULY 4, 2024

Global carbon ratings agency BeZero Carbon today announces its new Advisory Board, to provide independent advice and guidance as carbon markets continue to grow and scale.

Continuity 52

Continuity 52

Paystand

JULY 4, 2024

Table of Contents How do you Account for Bank Reconciliation? What are the Steps in the Bank Reconciliation Process?

Reconciliation 52

Reconciliation Accounts Process 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