Thu.Dec 21, 2023

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How Google’s settlement will change in-app payments

Payments Dive

Google’s settlement with attorneys general this week includes a lengthy list of changes the tech titan must make in its approach to in-app payments.

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The Best of BlueSnap: The Top 10 Payment Content Pieces of 2023

BlueSnap

For many businesses, 2023 has been about making the most of the time, resources and money at hand. Our most read content within our Resource Center says a lot about what businesses are thinking about payments today and their impact on the bottom line. The post The Best of BlueSnap: The Top 10 Payment Content Pieces of 2023 appeared first on BlueSnap.

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Payments 2024: Predictions With Brightwell, 40Seas, Wink, ConnectPay, Swipesum, Paystrax

The Fintech Times

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.

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Universal Payment Tokens or Network Tokens? Pros and Cons

Basis Theory

The terms “payment tokens” and “network tokens” can be found trending as far back as early 2004, but conversation around them has become inescapable in the last few years.

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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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How the Visa Africa Fintech Accelerator is Igniting Payments Innovation Across the Continent

The Fintech Times

Exploring the rich possibilities within Africa’s fintech ecosystem, The Fintech Times delves into Visa ‘s inaugural fintech accelerator, dedicated to nurturing the evolving fintech sector in Africa. The fintech startup scene in Africa is growing at an exceptional rate, with the overall number up 125.2 per cent between 2017 and 2023. ¹ However, even with compelling growth prospects across the continent, there is still plenty of work to be done.

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India's EBL to launch 'world-first' biometric metal card

Finextra

Eastern Bank in India is launching what it claims is the world's first biometric metal card for premium customers.

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Year End Message to Our Readers – Offline From 22nd December to 2nd January

Fintech News

Fintech News Singapore would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 22nd of December 2023 to the 2nd of January 2024. Until then, you can access some of our year-end articles that may be of interest to you. We look forward to seeing you all again on the 3rd January 2024!

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Eastern Bank to roll out world’s first metal contactless biometric payment card in Bangladesh

NFCW

INNOVATION: EBL customers can already use NFC-enabled wearables to make contactless payments INNOVATION: EBL customers can already use NFC-enabled wearables to make contactless payments INNOVATION: EBL customers can already use NFC-enabled wearables to make contactless payments Customers of Eastern Bank (EBL) in Bangladesh will soon be able to apply for a metal biometric payment card that will enable them to authenticate contactless payments at the point of sale with their fingerprint.

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EBL to launch 'world-first' biometric metal card

Finextra

Eastern Bank in Bangladesh is launching what it claims is the world's first biometric metal card for premium customers.

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SaveAway Launches 24 in 24 Campaign to Help Consumers Buy Soon and Save More

Finovate

SaveAway is celebrating the season with its “$24 to Ring in ’24 program. The new offering, timed for the New Year, will put $12 in the SaveAway wallet of new sign ups and another $12 for any referral who signs up and completes a SaveAway plan. That’s $24 for new users who bring along a referral now through January 2024. In an email, CEO and founder Om Kundu explained the thinking behind the “$24 to Ring in ’24” plan. “The $24 to ring in 2024 initiative i

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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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Walmart adds Affirm to self-checkout kiosks

Payments Dive

In an expanded partnership between the two companies, Walmart is adding Affirm’s buy now, pay later option at its checkout kiosks at most stores.

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Credit Acceptance Corp. launches RTP with Citizens

Bank Automation

Credit Acceptance Corp. went live Dec. 19 with real-time payments for its dealer base through a partnership with Citizens Financial Group. Dealers can receive payments six times per day, Monday through Saturday and on select holidays, Credit Acceptance (CAC) Chief Marketing and Product Officer Andrew Rostami told Auto Finance News, a sister publication to Bank Automation News.

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Data startup Spade aims for larger customers

Payments Dive

Spade is tapping its recent funding to try to lure more big U.S. banks to its services, CEO Oban MacTavish said.

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Fintech Funding: Fintech venture fund Canapi raised $750M

Bank Automation

As the global economy faced macroeconomic headwinds coupled with rising rates, fintech funding in 2023 remained subdued compared to prior years. Global fintech funding stood at $30.

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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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Greg Palmer and the Finovate Podcast: Wrapping Up 2023 and Getting Ready for 2024

Finovate

Join Finovate VP and host of the Finovate Podcast Greg Palmer as he wraps up 2023 and gets us ready for 2024 with a quartet of conversations about the latest trends in fintech and financial services. From life stories about women and men who became fintech converts, founders, and innovators later in their professional careers to discussions on enabling technologies like Generative AI, the Finovate Podcast is a great place to hear some of the smartest voices in our business talk about what matter

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‘Every company will be compromised’ by hackers, experts say

Bank Automation

Fraudsters continue to do damage in the finance industry, evidenced by recent attacks against Fidelity National Financial and Mr. Cooper, and financial institutions must strengthen their systems to avoid hacks and respond to breaches. In 2023, the average cost of a data breach in the financial industry was $5.

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Reimbursement of APP Scams: Boost for consumers/SMEs

Finextra

The Payment Systems Regulator issued Specific Requirement 1 on the Faster Payments Scheme Operator (.

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Fintech Landscape in the Middle East and Africa 2024

The Fintech Times

Throughout 2023, a variety of different themes emerged from the Middle East and Africa (MEA) region. From government involvement, to new partnerships and collaborations, to the adoption of new technologies; the region has seen it all. In light of this, what can we expect from fintech in MEA in 2024? MEA following global fintech trends Despite the explosion of fintech growth across the world, the current global economic challenges have hindered fintech’s development.

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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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Finextra's year in review

Finextra

With 2023 drawing to a close, we take a look back at our most popular news items, videos and community engagement activities over the course of the past year.

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American Fintech Council Backs FAIR Exams Act for Transparent and Accountable Bank Regulation

The Fintech Times

The American Fintech Council (AFC), the industry association representing fintech and banks, has given its support for The Fair Audits and Inspections for Regulators’ (FAIR) Exams Act, which aims to enhance transparency and accountability in bank examinations. The bipartisan legislation – introduced by US Senator Jerry Moran ( R-KS) and co-sponsored by US Senators Joe Manchin (D-WV), Bill Hagerty (R-TN), and Thom Tillis (R-NC) – also seeks to create a robust appeals process for legit

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Sponsor's message: [New Impact Study] AI and Cloud: The Proving Ground for Regulatory Resilience in 2024

Finextra

The current macroeconomic landscape is marked by exceptional volatility and uncertainty, posing challenges to traditional models in the financial services sector. Despite this new challenging market context, some financial institutions continue to hit pause on using AI and cloud technology, falling behind the curve. Leveraging new technologies can no longer be a zero-sum game.

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OCC Issues Policy Guidance on Buy Now, Pay Later Lending

Global Fintech & Digital Assets

The OCC outlines safety and soundness principles and appropriate risk management processes for its regulated institutions that engage in BNPL lending. By Arthur S. Long , Parag Patel , Barrie VanBrackle , Becky Critchley , Deric Behar , and Charlotte Collins On December 6, 2023, the Office of the Comptroller of the Currency (OCC) issued Bulletin 2023-37 (Guidance), which clarifies the OCC’s policy positions on the risk management of “Buy Now, Pay Later” (BNPL) lending.

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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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This Week in Fintech: TFT Bi-Weekly News Roundup 21/12

The Fintech Times

It’s The Fintech Times Bi-Weekly News Roundup on Thursday 21 December 2023. Funding and investments web3mine, an open-source innovation lab building Web3 tools that help humanity transition to community-owned and -governed internet infrastructure, announces its emergence from stealth mode following a successful $6million seed funding round. The funding round was led by 1kx and also included Protocol Labs.

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Development Bank selects Newgen Software

The Paypers

Oman-based Development Bank (DB) has selected Newgen Software to simplify its banking processes and provide enhanced experiences.

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How Finance Brands Can Use Cinema to Secure Blockbuster Deals in 2024

The Fintech Times

Statistics indicate that cinema attendance experiences a surge during the Christmas season, particularly among individuals aged 16 to 34. The cinema offers a serene haven and an uninterrupted setting, making it an optimal platform for financial brands and businesses to guarantee the effectiveness of their advertising messages. Clare Turner, sales director at Pearl & Dean, is responsible for commercial revenues and the sales strategy across the UK cinema advertising institution.

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Double 11 Shopping Festival 2023: Online-Offline Convergence, Live Streaming Boom and Gen Z Dominance

PayXpert

The 2023 Double 11 shopping festival has come to an end. As it’s the first one after the pandemic, it generated a lot of international attention and signalled the recovery of China’s consumption. Merchants participated in the Double 11 this year through innovative sales strategies and realised an all-round online and offline strategy. Meanwhile, young people of Generation Z showcased a «rational reverse consumption» (focus on cost-effectiveness and rationality) approach when shopping.

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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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Evita Joins Forces with Layer2 Financial to Revolutionize B2B Cross-Border Payments

Fintech Finance

Layer2 Financial , a leading BaaS and payments infrastructure technology, is excited to announce a strategic partnership with Evita , a B2B cross-border payments solution specializing in large transactions. This groundbreaking collaboration marks a significant milestone in the financial technology landscape, leveraging the strengths of both entities to streamline and optimize cross-border payment processes. “Evita’s decision to partner with Layer2 was driven by their exceptional spee

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Streamline order capture for efficient order management

Nanonets

Order capture is the process of receiving, validating, and recording customer orders from across channels to facilitate efficient fulfillment. A smoother capture process often means a faster order-to-cash cycle, fewer mistakes, and happier customers. Yet, McKinsey's 2023 supply chain survey showed that nearly half of the respondents had not consistently invested in the digital supply chain's core building blocks.

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EBL launches world’s first biometric metal card with IDEX Biometrics

Fintech Finance

Eastern Bank PLC. (EBL), headquartered in Dhaka, the capital city of Bangladesh and a market leader in corporate, retail and SME banking, is set to launch the world’s first biometric metal card, powered by the IDEX Biometrics Mastercard certified technology, IDEX Pay. EBL customers will have the biometric metal cards in their hands by early 2024. A digital innovator bank in Bangladesh, EBL is consistently providing high-quality banking services and cutting-edge financial solutions to its custome

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Real-Time Payments in the Regulatory Landscape

Finextra

Real-time payments are driving digital transformation and have become a key focus area for financial.

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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.