Payments Dive
APRIL 16, 2024
As crucial as it is to focus on your core business, today’s merchants demand a broader range of services from their providers. Can embedded finance help solve this core competency problem?
The Fintech Times
APRIL 16, 2024
A new coalition uniting blockchain foundations, universities, and NGOs in a commitment to leveraging blockchain technology for social good has been announced. Partnering with Web3 communities, crypto exchange Bybit has unveiled the Blockchain for Good Alliance (BGA). Addressing a gap in the Web3 industry, the Blockchain for Good Alliance will use the innovations and opportunities of blockchain and crypto ecosystems to power social advancement and tackle issues.
Payments Dive
APRIL 16, 2024
The chain first tested the technology that lets customers pay using their face in October, and began deploying it in January.
Fintech News
APRIL 16, 2024
Fintech Thailand is poised for significant growth and development in areas including digital banking, open finance, and startup support. Digital banking is on the horizon, with the first digital banking licenses slated to be issued by mid-2025 and expected to bring about enhanced customer experiences, heightened competition and increased innovation.
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
Basis Theory
APRIL 16, 2024
Failed payments are a key performance indicator for merchants that offer subscription , or installment, payment products or services. That’s because, when a consumer’s attempt to purchase a one-off item goes south, that is a failed transaction: a disappointment, and a missed opportunity to generate revenue, but not the disappearance of a planned influx of revenue.
Fintech News
APRIL 16, 2024
Bridgewise, an AI-based analysis platform for global securities, has raised US$21 million in a new funding round, bringing its total funds raised to US$35 million. This investment round was led by SIX Group and joined by Group11 and L4 Venture Builder among other financial institutions. Bridgewise offers a range of products tailored to the needs of financial institutions, featuring AI-generated reports and analyses of various financial instruments, and a personalised robo-advisor among other ser
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
APRIL 16, 2024
FinbotsAI, a Singapore-based fintech company specialising in AI credit scoring, has partnered with KBZ Bank, one of Myanmar’s largest privately-owned bank. This marks KBZ Bank as its first client in the country. KBZ Bank operates over 500 branches and serves approximately 40% of Myanmar’s retail and commercial banking sectors. The bank had previously launched a mobile wallet, KBZPay, in 2018 which currently has over 15 million users.
Payments Dive
APRIL 16, 2024
The bureau has received about 15,000 complaints in the last two years concerning medical debt collectors according to general counsel Seth Frotman.
Finextra
APRIL 16, 2024
Speaking at the Innovate Finance Global Summit 2024, Emma Kisby, Cogo CEO, EMEA, talks about Gen Z taking the wheel and asks what’s driving the next generation of consumers. We hear how consumer trends have shaped the payments landscape to date, how Gen Z is becoming an increasingly major financial force, how their spending habits are changing financial operations, and what Fintechs can do to encourage sustainable habits going forward.
Fintech News
APRIL 16, 2024
Generative artificial intelligence (AI), also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. But in order to leverage the benefits of gen AI, risk and compliance functions must establish clear guidelines and frameworks that not only address inbound risks from gen AI but which also ensure the responsible usage of gen AI, a new paper by McKinsey says.
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.
Clearly Payments
APRIL 16, 2024
Interchange rates are a cost for credit card transactions for merchants. Interchange is the revenue for credit card companies and issuing banks. Canada and the USA have a big overlap in purchasing habits and trends in payments. The two countries also have some big differences on how payment processing fees work across debit cards and credit cards. This article aims to provide an overview and comparison of the interchange rates in the United States and Canada.
Finextra
APRIL 16, 2024
The Bank of England has been heavily criticised by a former chairman of the US Federal Reserve for relying on outdated technology for its economic forecasts.
Payments Dive
APRIL 16, 2024
“The credit card industry should take a page from innovators, instead of relying on yesterday’s fee models,” argues the CEO of the payment tools provider.
Fintech News
APRIL 16, 2024
Crypto.com’s CEO Kris Marszalek outlined the digital-asset exchange’s plans to expand its workforce, in a recent Bloomberg interview. This comes after a period of downsizing in early 2023, where the company cut 20% of its staff following a downturn in the crypto market. Prior to the mass layoffs, Crypto.com acquired the naming rights for the stadium formerly known as Staples Center, in a deal worth US$700 million over 20 years with Anschutz Entertainment Group (AEG).
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.
Finextra
APRIL 16, 2024
The launch of Canada's oft-delayed Real-Time Rail (RTR) payments system will now not happen until at least 2026, with new tech partners IBM and CGI brought in to the process.
Fintech News
APRIL 16, 2024
The Asia-Pacific (APAC) private equity (PE) market faced significant challenges in 2023 due to concerns about slowing economic growth, rising interest rates and ongoing geopolitical tensions, Bain & Company’s latest report, the Asia-Pacific Private Equity Report 2024, says. The report, released on March 24, reveals a continued decline in PE deal activity throughout 2023, totaling US$147 billion.
Bank Automation
APRIL 16, 2024
Bank of America’s digital offerings continue to be a draw, as its virtual assistant Erica reached 2 billion user interactions in the first quarter.
The Fintech Times
APRIL 16, 2024
FinbotsAI , an Accel -backed Singapore headquartered B2B SaaS fintech, has expanded its client base across 11 countries with its latest signing: KBZ Bank. Recognised by the World Business Outlook as the Best Bank in Myanmar , KBZ Bank has over 500 branches and represents around 40 per cent of both retail and commercial banking customers in Myanmar.
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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.
Finextra
APRIL 16, 2024
Kicking off UK Fintech week at the 10th year of IFGS, Janine Hirt, CEO of Innovate Finance, speaks to FinextraTV about the impact of Fintech across non-financial industries and the importance of collaboration between Fintechs, government, industry and regulators in shaping the economy, addressing inequality, and strengthening social justice and peace.
The Fintech Times
APRIL 16, 2024
Consumer demands are ever-changing and firms must ensure they are keeping track these preferences in order to retain loyalty and achieve long-term success. However, a report from Endava , the tech company with a focus on engineering and industry expertise, has revealed that one of the biggest hurdles preventing change is legacy tech. The Endava Retail Banking Report shows that 75 per cent of firms are struggling with new payments systems as a result of their outdated core systems.
Finextra
APRIL 16, 2024
Transaction Network Services (TNS), a global leader in payments infrastructure and managed connectivity services, has launched Complete Commerce – a full-stack, modern and secure payment and network capability.
The Fintech Times
APRIL 16, 2024
For the past nine years, FIS – a global provider of financial services technology solutions for financial institutions, businesses and developers – has supported fintech innovation and growth through its accelerator programme. Since its inception, its accelerator alumni have collectively raised over $1.5billion in capital since completing the programme and is currently looking for 10 promising fintech startups to participate in its two-week incubation and 12-week intensive programme.
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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.
Finextra
APRIL 16, 2024
Episode Six (E6), a leading global provider of enterprise-grade payment processing and ledger infrastructure, has today announced a partnership with Loop, a major e-Money institution (EMI), to power its Fintech-as-a-Service offering in the Kingdom of Saudi Arabia (KSA).
Bank Automation
APRIL 16, 2024
Morgan Stanley is looking to the strong merger and acquisition market as an opportunity to launch tech-driven tools that help its bankers and advisers make decisions.
Finextra
APRIL 16, 2024
Codat, a leading business data API provider, announces the launch of its new Supplier Enablement data product. This product enables businesses to more easily share their spend and supplier data from ERP (enterprise resource planning) systems and accounting software.
Segpay
APRIL 16, 2024
In the world of e-commerce and digital transactions, chargebacks are a significant headache for merchants. Cardholders dispute a transaction with their bank, resulting in a reversal of funds. Last year, the payment business suffered an estimated 238 million chargebacks. This volume is expected to increase by 42% to 337 million chargebacks by 2026. With an estimated chargeback volume of 105 million in 2023, the US holds the lion’s share of global chargebacks.
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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.
Finextra
APRIL 16, 2024
Speaking at the Innovate Finance Global Summit, Anita Kimber, Lead Partner, EMEIA Transformation, Financial Services at EY, talks about building an impactful Fintech board, and asks, what skillsets, cultures, and strategies are required to build one We learn about the challenges FinTechs face when trying to scale-up and why boards are so important in helping them grow successfully, why the role of boards is often overlooked by FinTechs, and what's needed to form a strong board as the FinTech ind
Finovate
APRIL 16, 2024
Codat launched a Supplier Enablement data product with an aim to help businesses replace paper checks. The Supplier Enablement tool recruits suppliers to accept virtual card payments instead of checks by allowing card issuers to access the right ERP data. The Supplier Enablement tool is currently in production with select J.P. Morgan commercial clients.
Finextra
APRIL 16, 2024
Brite Payments, a leader in instant bank payments, today announced that Luke Trayfoot has joined the company as Chief Commercial Officer (CCO), leading the Stockholm-headquartered fintech’s commercial efforts.
Paystand
APRIL 16, 2024
This article was originally posted on businesswire.com Company expands ISV Partnerships, adding ERP Connect Consulting SCOTTS VALLEY, Calif.--( BUSINESS WIRE )-- Paystand , the global leader in B2B payments, today announced it has brought full payments integration to Microsoft Dynamics 365 Business Central. In addition Paystand will support Dynamics NAV, GP, AX, and Dynamics 365 Finance.
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.
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