Mon.Jun 10, 2024

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Rivals Adyen, Stripe partner with Capital One to combat fraud

Payments Dive

The three companies announced last Wednesday that they are teaming up to launch a free service intended to combat fraud and reduce the amount of transactions that are improperly declined.

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InvestHK and Crypto Vallet Association Join Forces to Advance Blockchain and Web3 Development

The Fintech Times

Both Hong Kong and Switzerland are making strides in the development of blockchain and cryptographic technologies individually. However, looking to accelerate progress together, Invest Hong Kong (InvestHK) and the Crypto Valley Association (CVA) of Zug in Switzerland signed a memorandum of understanding (MoU) at the 2024 Crypto Valley Conference. The MoU aims to enhance the close supportive relationship between InvestHK and CVA, and boost cooperation between the fintech ecosystems of Hong Kong a

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Santander customers warned about circumventing Facebook Marketplace scam prevention measures

Finextra

Santander has found that come customers are circumventing new measures to stop bank transfers for Facebook Marketplace payments in cases where a customer has not seen the item in person.

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29 Fintech Leaders Make Forbes 30 Under 30 Asia List This Year

Fintech News

Forbes has released its annual 30 Under 30 Asia list, recognizing the entrepreneurs, artists, athletes, and changemakers who are leading transformative initiatives across key industries in the Asia-Pacific (APAC) region. The Forbes 30 Under 30 Asia Class of 2024 features 300 notable nominees selected across ten categories: The Arts (Art and Style, Food and Drink); Entertainment and Sports; Finance and Venture Capital; Media, Marketing and Advertising; Retail and E-Commerce; Enterprise Technolog

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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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Apple launches Tap to Cash

Finextra

Apple has unveiled a Tap to Cash feature that lets people send each other money simply by tapping their iPhones.

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Mbank and Policybazaar.ae Combine Efforts to Streamline UAE Insurance Landscape

The Fintech Times

Users of the UAE-based digital bank, Mbank , will now be able to explore, compare, and purchase car, health, travel, and life insurance products directly from its mobile application following a new partnership with Policybazaar.ae , the online insurance aggregator. The partnership will see Mbank leverage Policybazaar.ae ‘s online platform to offer its customers greater digital convenience.

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National Processing Becoming the Fastest-Growing Payment Processor

National Processing

Small, medium, and large businesses are forever linked to the payment processing industry since payments help power business operations. The competitive aspect of payment processing means that businesses have plenty of providers to choose from. However, it can be tough to find one that checks all the boxes. Luckily, National Processing is leading the way […] The post National Processing Becoming the Fastest-Growing Payment Processor appeared first on National Processing.

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Santander BNPL platform to provide installment payments for Apple customers in Germany

Finextra

Santander's buy now, pay later platform Zinia has been selected by Apple in Germany to provide BNPL installment plans for consumer purchases both online and in person.

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Chargebacks911: How AI Can Lead the Fight Against Fraud in Retail

The Fintech Times

Cybercrime is expected to cost the world $10.5trillion annually by 2025 but machine learning is helping merchants and financial institutions to fight back against criminal activity. Monica Eaton, CEO of Chargebacks911, an international chargeback management and prevention company which provides SaaS solutions for managing chargebacks, discusses why artificial intelligence (AI) has always been at the forefront against fraud.

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StanChart Launches New Investment Company for High-Net-Worth Clients

Fintech News

Standard Chartered Bank has created a new investment company in Singapore called Standard Chartered Funds VCC (SC Fund). This new corporate entity will allow the bank to offer a series of funds that provide clients with access to unique investment strategies. In partnership with leading global fund managers, Standard Chartered aims to combine the expertise of top fund managers with its own team of global asset class specialists.

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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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JPMorgan hires ex-PayPal exec as CTO - Reuters

Finextra

JPMorgan Chase has appointed former PayPal executive Sri Shivananda as chief technology officer, according to Reuters.

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Temenos, FIS, Mambu Among Core Banking Vendors Ready to Rival Challenger Banks

Fintech News

Temenos , FIS , Mambu , Finastra , and Tata Consultancy Services have been identified as the top five core banking system vendors prepared to compete with challenger banks, according to a recent study by Juniper Research. The study evaluated 18 vendors, focusing on those excelling in user support through services like 24-hour customer service and personalised product recommendations.

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Oman Arab Bank Launches Direct Debit Service for Seamless Payment Automation

Fintech Finance

Oman Arab Bank (OAB) continues its commitment to pioneering innovative and secure banking solutions with the introduction of its latest product, Direct Debit. Tailored for both individual and corporate customers, this new service simplifies digital payments by automating recurring bill payments, offering unparalleled convenience in banking transactions.

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Indonesian Digibank Jenius to Offer Gamified Banking

Fintech News

PT Bank BTPN’s flagship digital bank, Jenius , has teamed up with Perx Technologies , a SaaS lifestyle marketing platform provider, to enhance its customer engagement strategy. By integrating the Perx Loyalty Engagement Platform, Jenius plans to introduce gamification and instant rewards into everyday banking, aiming to make financial management more enjoyable for users.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

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.

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Peru Pursues Real-Time Payments via India’s UPI Technology

Finovate

Earlier this year, we looked at how the drive for real-time payments in the West could benefit from studying the successes of India’s real-time payments network , UPI. Last week, we learned that there is at least one country in the Western hemisphere that’s taking us up on our suggestion and that country isn’t the United States, it’s Peru.

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Richard Maloney to Lead UOB Thailand as CEO Starting July 2024

Fintech News

UOB Thailand has announced Richard Maloney as its new Chief Executive Officer (CEO), effective 1 July 2024. Richard Maloney Maloney brings 40 years of experience in Wholesale Banking, Capital Markets, and Retail Banking. Since joining UOB in 2014 as Chief Operating Officer for Group Wholesale Banking, he has driven business growth through strategic development and execution.

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Saudi Central Bank joins mBridge for CBDC cross-border trade

The Paypers

Saudi Central Bank has joined Project mBridge, collaborating with China, Thailand, Hong Kong, and UAE to test central bank digital currencies for cross-border trade and payments.

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Mastercard shepherds seven startups

Payments Dive

The card network has selected a group of next-generation payment and banking startups for its accelerator program.

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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.

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Digital Wallets Set to Shape ‘More Inclusive and Accessible Financial Future For All’, Says Visa

The Fintech Times

Payments are rapidly evolving across the globe, as the pendulum swings away from traditional financial institutions, and towards innovative fintechs and payments providers. Digital wallets, in particular, look set to change the global payments landscape, enhance financial inclusion, and present new opportunities for businesses, says Visa. In its latest report, ‘ Digital wallets: In pursuit of a profitable business model ‘, Visa delves into segmentation, characteristics of successful

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ING, Deutsche look to AI for personalization

Bank Automation

ING and Deutsche Bank are looking to AI to boost efficiencies and provide personalized banking experiences for their clients. AI adoption is growing among financial institutions, according to Nvidia’s 2024 State of AI in Financial Services report.

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UK Payments Association calls on new PSR chief to delay APP fraud rules

Finextra

The UK payments industry has called on the new interim Payment Systems Regulator (PSR) chief to postpone the implementation of new APP fraud rules by a year, warning that failure to do so could lead to "permanent damage" to the sector.

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Singapore Authorities Issue Warning on Akira Ransomware Threat

Fintech News

The Cyber Security Agency of Singapore (CSA), the Singapore Police Force (SPF) , and the Personal Data Protection Commission (PDPC) have issued a warning to organisations about the Akira ransomware variant, which has been targeting businesses across various sectors. The authorities urge organisations to adopt robust cybersecurity measures to protect against these attacks.

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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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How machine learning protects merchants from digital payment fraud

Payments Dive

Fraud is always a problem companies want to tackle. But in the current business environment, it has become an even greater priority.

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Revolut adds new in-app verification layer to counteract theft from stolen mobiles

Finextra

Revolut has added an extra layer of in-app identity verification designed to protect customers who have had their unlocked phone stolen, or password and face recognition compromised.

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AWS clients tap into Visa Cloud Connect platform

Bank Automation

Amazon Web Services’ business clients can now tap Visa’s payments solutions through the recently launched Visa Cloud Connect platform.

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Evolving to embedded payments: 4 steps to move your company forward

Payments Dive

Enabling embedded payments is a strategic evolution that occurs step by step.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

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.

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Visa rolls out subscription management service

Finextra

Visa is rolling out a service for financial institutions to provide cardholders with a convenient way to manage and track their subscriptions.

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US Treasury seeks public input on the use of AI

The Paypers

The US Treasury has asked the public to share their input regarding the use of artificial intelligence (AI) in the financial services sector.

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CFIT launches coalition to fight economic crime through verification

Finextra

The UK Centre for Finance, Innovation and Technology (CFIT) has put together an industry coalition to fight economic crime through enhanced verification.

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SpyCloud Locks in $35 Million in New Funding

Finovate

Austin, Texas-based cybersecurity firm SpyCloud has raised $35 million in funding. The capital will be used to expand the company’s solutions to help businesses investigate and defend themselves against cybercrime in general and account takeover fraud in specific. SpyCloud won Best of Show in its Finovate debut at FinovateFall 2017 in New York.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

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.