Fintech News

SEPTEMBER 29, 2024

BNPL fraud in Southeast Asia is seeing a rapid rise with fraudsters exploiting weaknesses in these platforms and developing sophisticated methods to deceive users for financial gain. A new report by Rest of World sheds light on how scammers are targeting BNPL platforms in Vietnam by exploiting a loophole that allows users to turn their credit into cash through so-called cash-outs.

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BNPL Scams Identity Theft Non-Bank 127

Finextra

SEPTEMBER 29, 2024

Private equity giant Blackstone has confirmed a £10 billion investment in an AI data centre in the North East of England, creating around 4000 jobs.

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AI 125

Fintech News

SEPTEMBER 29, 2024

Payment giant Visa is set to acquire Featurespace, a company specialising in artificial intelligence (AI) technology for real-time payments fraud protection. The acquisition aims to bolster Visa’s fraud detection and risk management capabilities, which are used globally by financial institutions and businesses to safeguard transactions. Founded in 2008 at Cambridge University, Featurespace has developed AI-driven algorithms that can detect complex fraud patterns in transaction data.

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Fraud Detection AI Acquirers Fraud Prevention 102

Finextra

SEPTEMBER 29, 2024

Trinidad and Tobago is the latest country to sign up with NPCI International Payments for the development of a real-time payments system based on India's UPI.

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Real Time Payments International Payments Payments 75

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

Fintech News

SEPTEMBER 29, 2024

Singapore-based digital wealth management platform Endowus saw its losses increase in 2023 even as its revenue more than doubled, according to regulatory filings reviewed by DealStreetAsia. The company, licensed by the Monetary Authority of Singapore, posted a revenue of S$19.8 million (US$15.4 million) for the year ended 31 December 2023, marking a 2.4x increase from the previous year’s figure of S$8.3 million (US$6.6 million).

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Adjustments Participant Authorization Posting 95

The Fintech Times

SEPTEMBER 29, 2024

The Hong Kong Science and Technology Parks Corporation (HKSTP) has revealed that Hong Kong’s first commercial high-performance computing (HPC) service has officially launched. Within InnoPark, Hong Kong’s technological industrial estate aimed at generating economic output, a HPC service, hosted by HKSTP, is now fully operational. This service provides the industry with computing power, acceleration tools, and data access, in line with the national strategy for supercomputing development.

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Innovation Technology AI Governance 59

The Fintech Times

SEPTEMBER 29, 2024

Global issuer processor Paymentology is joining forces with ViaCarte , a customisable payment platform and issuer, to increase card issuance across Latin America and the Caribbean. Through the new collaboration with Paymentology, ViaCarte will offer BIN sponsorship, enabling SMEs to launch their own card programmes. Clients can go to market quickly and cost-effectively thanks to the combined expertise of the two entities.

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Multi-Currency IBAN Issuers BNPL 59

Finezza

SEPTEMBER 29, 2024

Peer-to-peer (P2P) lending became a global phenomenon after the 2008 financial crash, emerging as a reliable alternative to traditional financial institutions including banks. While P2P lending businesses started entering the Indian market in 2014, it wasn’t until 2017 when the Reserve Bank of India (RBI) issued guidelines suggesting that all P2P service providers must be […] The post Future of P2P Lending and Its Direct Impact on Loan Origination Systems appeared first on Finezza Blog.

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P2P Origination Service Provider Posting 52

The Fintech Times

SEPTEMBER 29, 2024

Aktionariat AG, a Swiss equity token specialist, and securities firm Taurus SA have partnered to enable selected tokenised Swiss SMEs to trade on Taurus’ Digital Exchange (TDX). This collaboration combines Aktionariat’s nous in tokenising equity with Taurus’ institutional-grade trading platform, offering a potential pathway for companies to access a broader network of investors.

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Issuers Security Blockchain Addressing 59

The Paypers

SEPTEMBER 29, 2024

Ireland-based bank AIB has launched a 31 Day Business Notice Deposit account for business customers seeking a higher return and flexibility when accessing funds.

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The Paypers

SEPTEMBER 29, 2024

Business finance solutions provider Qonto has announced its international expansion in several European countries, focusing on solidifying its regional position.

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Finance 36