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.
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.
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.
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.
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
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).
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.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
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.
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.
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.
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.
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.
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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