Thu.Apr 25, 2024

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Fed seeks 8,000 financial institutions for FedNow

Payments Dive

About 700 financial institutions have connected to the Fed’s instant payment network since last July, with at least 1,000 more in the pipeline, a FedNow official said this week.

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National Bank of Iraq goes live with Temenos core banking and payments

Finextra

Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments.

Payments 136
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Walmart removes self-checkout from select stores

Payments Dive

The retailer joins Target, Dollar General and other chains in recalibrating a reliance on self-service, and rethinking the whole checkout experience.

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Sustainable development goals take G20 TechSprint centre stage

Finextra

The Bank for International Settlements (BIS) and the Banco Central do Brasil have put sustainable finance at the centre of the latest G20 TechSprint hackathon competition.

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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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Middle East Experiences Crypto Surge With 166% increase in Daily Crypto Traders, Reveals Bitget

The Fintech Times

Countries in the Middle East saw a 166 per cent increase in daily crypto traders in February earlier this year; Bitget Research , the research arm of the world’s crypto exchange and Web3 company Bitget, reveals in its latest report. In February 2023, six countries in the Middle East saw 300,000 daily active users on centralised crypto exchanges.

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The Bank of London turns on GenAI coding assistant

Finextra

The Bank of London is using a Generative AI assistant to speed up coding for companies testing embedded banking applications via the transaction bank's API suite.

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More Trending

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Card-Present Tokenization: Keep Customers Happy and Accept Credit Cards with Zero Friction

Stax

Fact: convenience is a huge deal when it comes to keeping your customers happy. Most modern consumers are used to purchasing products and services across multiple channels (i.e., brick-and-mortar, ecommerce, mobile, etc.). They value seamless shopping experiences that allow them to buy quickly and effortlessly, regardless of platform or location. As such, attracting and retaining customers calls for an omnichannel approach to how you interact with buyers.

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Large language models: How they help fintechs

The Payments Association

This blog will comprehensively cover the different types of AI, their practical uses, and the language models that power them, ensuring you are well-informed and educated on these crucial topics. From checking code to getting content ideas, AI can make some aspects of your workday much easier. But how exactly do Large Language Models, aka LLMs, and the tools they power, e.g.

FinTech 88
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NextGen Nordics 2024: Can behavioural biometrics fix fraud?

Finextra

Moderating her second panel of the day - Fraud prevention and AML: the need for behavioural biometrics in this instant age - Finextra’s senior reporter Niamh Curran spoke to Megan Heald, senior project manager at NICE Actimize, John Sam-Kubam, senior vice president at Crown Agents Bank, Beju Shah, head of Nordic centre at the Bank of International Settlements, and Robert Woods, director international market planning and financial services SME at LexisNexis® Risk Solutions.

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Is the UK looking at fraud prevention the wrong way round? 

The Payments Association

The recently conducted UK Fraud Awareness Report has revealed that the British public has much to learn about fraud, from the definitions of certain terms to the benefits of using different forms of identity verification technology during onboarding.

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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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Stripe lets merchants accept stablecoins

Finextra

After a six year hiatus, Stripe is returning to crypto, allowing merchants to accept stablecoins for online payments.

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Payall Payment Systems partners with Latvian regtech Huntli, reinforcing its commitment to the Baltic region

The Payments Association

Payall has partnered with Latvian regtech leader Huntli to enhance fraud prevention and transaction monitoring for a broad spectrum of financial institutions, bolstering capabilities in fraud and risk mitigation Read more

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FedNow pricing aimed at avoiding market disruption

Payments Dive

The Federal Reserve aimed to “not upset the marketplace as a second mover” when it set fees for the new instant payments system last year, a Fed official said Wednesday.

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Visa develops dashboard to make sense of stablecoin activity

Finextra

Visa has teamed up with blockchain data provider Allium Labs to build a dashboard that helps people make sense of stablecoin activity.

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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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National Bank of Iraq Goes Live With Temenos Core Banking and Payments

Fintech Finance

Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI) , part of the Capital Bank Group , has successfully gone live with Temenos core banking and payments. NBI, which has 27 branches across Iraq, offers a comprehensive range of services to individuals and businesses in the country. Since 2005, NBI has been majority owned by Capital Bank, one of the top financial institutions operating in the Jordanian and regional markets, with assets of approximately JOD 7.6 billion[1].

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Visa launches open banking with Tink in the US

Finextra

Visa has launched open banking in the US, using technology from recently acquired Swedish vendor Tink.

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EWA providers hail new Kansas law

Payments Dive

Kansas has joined a pack of states in passing a law backed by earned wage access providers, as regulations for the industry remain a contentious issue.

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Hitachi launches India's first upgradable ATM

Finextra

Hitachi Payment Services, India’s leading payments and commerce solutions provider, today announced the launch of the country’s first Upgradable ATM.

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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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Barclays targets $1.3B in cost savings in 2024

Bank Automation

Barclays is looking to cut costs through structural changes as it seeks efficiencies in the face of falling profits. “We achieved around 200 million pounds of gross cost efficiency savings in Q1 out of our targeted 1 billion pounds for the full-year 2024,” Chief Executive C.S. Venkatakrishnan said today during the bank’s first-quarter earnings call.

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What is the Durbin Amendment for Payments in the USA?

Clearly Payments

The Durbin Amendment has reshaped the U.S. financial system since it began in 2010. Named after its chief advocate, Senator Richard Durbin , this legislative moved was designed to fix the increasing interchange fees charged by banks for debit card transactions. By limiting debit card fees, the amendment tried to make a more fair financial ecosystem, promoting competition and benefiting small businesses and everyday debit card users.

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Overcoming Cultural and Technical Challenges in Automating Currency Risk Management

Finextra

With a turnover of more than $7 trillion per day, the global foreign exchange market provides a cha.

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Vertex: Reclaiming Control in the Continued Adoption of CTCs

The Fintech Times

With businesses of all shapes and sizes digitalising in order to enable and enhance trade on a domestic and international scale, tax authorities have done the same. Continuous transaction controls (CTCs) have been introduced by numerous tax authorities to obtain business transactions in real-time or near real-time to improve the speed and accuracy of tax collection efforts.

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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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The Finovate Podcast: How Credit Unions Use Technology to Bring New Projects to Life

Finovate

This week on the Finovate Podcast , Finovate VP and podcast host Greg Palmer sat down with Brian Lee, CEO of Landings Credit Union. Their conversation comes in advance of a special session at FinovateSpring next month, dedicated specifically to the credit union ecosystem. A part of Landings Credit Union for nearly a decade, Lee has spent the last four years as CEO.

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Equileap Report: Emerging Markets Lead Gender Equality Efforts; US Falls Short

The Fintech Times

While the US lags in addressing the gender pay gap and sexual harassment policies, Taiwan, India, and South Korea lead with higher rates of transparency and policy disclosure, reveals data provider Equileap. Its 2024 Gender Equality Report & Ranking evaluates 1,494 publicly listed companies in 24 emerging markets covering various aspects of gender equality, including parental leave, gender balance, anti-sexual harassment policies, women’s representation in leadership roles, and gender

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Cross Border Payments: Back on Banks' agenda

Finextra

Dr. Hubertus von Poser, Head of Sales and Consulting Payments at PPI, joins FinextraTV at NextGen Nordics 2024 for a deep dive into cross-border payments and their resurgence on banks' agendas. Discover the key drivers shaping the financial services landscape, the challenges banks encounter, and strategies to overcome them. Gain insights into the future trajectory of cross-border payments and explore the evolving role they play in the global financial ecosystem.

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Airwallex Expands Payment Acceptance Solution to Help US Merchants ‘Tap Into a Global Customer Base’

The Fintech Times

Airwallex , the global payments and financial platform for modern businesses, has launched its payment acceptance solution in the US, enabling merchants there to accept payments from domestic and international customers. Using the Airwallex payment acceptance solution, foreign merchants with US entities can provide a localised payment experience to their US-based customers, which could unlock higher acceptance rates and lower operating costs.

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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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QI Tech becomes new LatAm fintech unicorn in Series B extension

Finextra

QI Tech (the “Company”), a leading financial services infrastructure provider in Brazil, today announced it has extended its Series B round, raising additional equity with current investor General Atlantic, a leading global growth investor, as well as Across Capital.

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Paystand Acquires Teampay: Expanding Network to 1M Businesses

Paystand

Today marks a watershed moment for Paystand and the broader B2B payments landscape. I am thrilled to announce the strategic acquisition of Teampay, an industry-leading provider of spend management software. This significant step forward in our mission not only revolutionizes payments and creates a seamless, fee-free B2B network, but also ushers decentralized finance into traditional spaces.

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FastSpring adopts Pix for SaaS payments with Ebanx

Finextra

The leading merchant of record for global SaaS and software companies, FastSpring and EBANX, a global technology company specializing in payments for rising markets, announce today a partnership to enhance users’ payment experience within FastSpring’s product suite in Latin America through local payment method Pix.

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BMO Unveils Greener Future Financing to Help SMEs Build Climate-Resilience

Finovate

BMO is bringing its Greener Future Financing program to the U.S. Green Future Financing is BMO’s first climate financing program to help SMEs become climate-resilient. BMO’s program offers both climate resiliency loan discounts and green business advisory. Canada-based BMO is bringing its Greener Future Financing program to the United States.

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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.