Fri.Nov 03, 2023

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Block to shrink workforce

Payments Dive

The company plans to cut about 8% of its workforce over the next year as Jack Dorsey steps up his efforts to improve efficiency and revive profits.

Blocks 213
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Swedish fintech Klarna dodges a strike after reaching agreement with workers

TechCrunch Fintech

Fintech giant Klarna has reached an agreement with workers that were set to strike next week, the company told TechCrunch today. Klarna employees were planning to strike next week in the fintech’s home country of Sweden, as reported by tech.eu. The dispute was reportedly over the lack of a Collective Bargaining Agreement (CBA) — a […] © 2023 TechCrunch.

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PayPal discloses SEC, CFPB probes

Payments Dive

The digital payments company said it’s cooperating with a Securities and Exchange Commission probe of its stablecoin, and a Consumer Financial Protection Bureau inquiry related to bank transfers.

CFPB 174
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The unique risk-based EU Artificial Intelligence Act

The Payments Association

Tony Petrov, chief legal officer at Sumsub, summarises the rules incorporated in the EU Artificial Intelligence Act (EU AI Act) and how they might impact on the industry.

Risk 88
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Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is evolving fast, and brands relying on rigid, one-size-fits-all solutions risk losing agility. But modernization doesn’t have to mean disruption. In this webinar, we’ll explore how an extensible, modular approach empowers brands to integrate new capabilities, enhance performance, and scale efficiently—all while leveraging Shopify’s strengths.

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Breaking down buy now, pay later

Payments Dive

After its pandemic-era growth spurt, buy now, pay later has gone mainstream in consumer payments. But changing economic conditions are forcing the installment trend to evolve.

Consumer 117
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HyperJar partners with Tillo in industry-first move offering instant Cashback Gift Cards

The Payments Association

Alex Preece, CEO and founder of Tillo, and Nicola Longfield, CCO of HyperJar, discuss the launch of Cashback Gift Cards and how they help to make consumers’ money go further.

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TPA welcomes AI summit declaration and waits to see industry impact

The Payments Association

The Payments Association is pleased with the declaration released from the recent summit on artificial intelligence (AI) at Bletchley Park, which saw global leaders, tech executives, and academics address the challenges and advancements of the technology.

AI 88
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5 Ways a Cloud-Based Lending Software Can Transform Small Business

Finezza

The Micro, Small and Medium Enterprise (MSME) market has been disadvantaged in the traditional banking ecosystem. Due to various factors, banks have prioritised credit to corporations and big businesses over small businesses. According to statistics, India has a total of 633.9 lakh MSMEs in India, comprising 630.5 lakh micro-enterprises and 3.3 lakh small businesses.

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LG Electronics partners with Stripe

The Paypers

LG Electronics has announced its partnership with Stripe in order to provide Singapore customers with improved payment methods and overall checkout experience.

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What Baseball Can Teach Us About Innovation

Innovative Payments Association

Baseball Season is over, but the game still has plenty of lessons for the payments industry. In the latest episode of the IPA Podcast , the IPA’s CEO Brian Tate, and Chris Stromberg, the former director of government relations for the IPA, talk about Michael Lewis’s book Moneyball. The book describes how the Oakland A’s took new approaches to finding players, building a team, and playing the game.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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BitGo obtains a crypto custody licence in Germany

The Paypers

US-based crypto custodian BitGo has obtained a cryptocurrency custody licence in Germany from the Federal Financial Supervisory Authority (BaFin).

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9 Open Finance Challenges for LATAM

Open Bank Project Blog

According to an Inter-American Development Bank report , the financial sector in LAC is in a phase of disruption and change due to low confidence in the use of financial services, a perception of high associated costs, relatively low financial inclusion and a lack of regulation that contrasts with more developed economies such as the UK, the EU, China and the US.

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TransFi partners with Volt

The Paypers

TransFi and Volt , a global real-time payment solution provider, have partnered aiming to expand the financial services landscape by enabling faster onramps and fund transfers.

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Littlepay offers open payments solution for Peru's public transit

The Paypers

Littlepay has announced that riders using Peru’s AEMUS network of busses can make contactless payments with a bank card or digital wallet.

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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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CQUR Bank partners with Finastra

The Paypers

CQUR Bank has announced its partnership with Finastra in order to optimise its digital transaction banking capabilities, for corporate clients around the world.

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Payments Canada partners with Nexi

The Paypers

Payments Canada has selected and partnered with Nexi to further enhance the resilience of Lynx, Canada’s payment system.

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Navan expands 'BYOC' capabilities with Navan Connect across Europe

The Paypers

US-based Navan has expanded internationally, offering Navan Connect with card-link tech across 250 global banks for seamless expense management.

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Accenture agrees to acquire OnProcess Technology

The Paypers

Global professional services company Accenture has acquired OnProcess Technology to leverage its supply chain managed services.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Funding Societies raises USD 7.5 mln from Norfund

The Paypers

Singapore-based fintech SME lender Funding Societies has raised USD 7.5 million in debt from Norfund to bring financial inclusion to SMEs in Southeast Asia.

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Paays partners with Yoti to minimise identity fraud

The Paypers

Canada-based fraud detection company Paays has partnered with UK-based digital identity company Yoti to minimise identity fraud in auto financing.