Sun.Apr 07, 2024

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Amazon debuts app for palm payment

Payments Dive

The Amazon One app can be used to enter various locations, identify individuals, pay for items and access loyalty rewards.

Payments 158
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Fintech representation in YC’s Demo Days is definitely shrinking

TechCrunch Fintech

Welcome to TechCrunch Fintech! This week, we’re looking at just how many fintech companies made it into Y Combinator’s Winter 2024 cohort, how much funding slid in the first quarter, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe […] © 2024 TechCrunch.

FinTech 116
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Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia

Fintech News

In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the financial sector in Asia. This burgeoning technology, characterized by its ability to create indistinguishably fraudulent audio and visual content, not only complicates the process of identity verification but also emboldens cybercriminals, precipitating substantial financial losses.

Deepfake 120
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Checkout Experience Simplified Following Skipify and Visa Partnership

The Fintech Times

The payments process can often be arduous and infuriating when unforeseen complications arise. Looking to ensure a checkout experience is as seamless as possible, Skipify , the checkout fintech specialist, has partnered with Visa through the Visa Digital Commerce programme to simplify and accelerate the payment process. By combining Visa’s extensive digital payments expertise with Skipify’s digital wallet, Skipify is poised to deliver convenience and security to consumers at checkout.

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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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Ripple Plans to Launch USD-Pegged Stablecoin

Fintech News

Ripple, a provider of enterprise blockchain and crypto solutions, plans to introduce a stablecoin tied directly to the US dollar (USD), pending regulatory approvals. This forthcoming stablecoin is set to be fully backed by a mix of US dollar deposits, short-term US government securities, and similar cash equivalents, with a rigorous auditing process in place by an independent accounting firm.

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ClearBank hits FY profitability

Finextra

Britain's ClearBank is planning international expansion after reporting its first annual pre-tax profit.

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Best Practices for a Faster Close: Modernise With FloQast

FloQast

The close is one of the most critical periods in every company’s monthly (and yearly) schedule, so delays or inefficiencies can be particularly frustrating and pile pressure on accounting teams. The challenges of the close typically stem from a reliance on outdated manual processes, including the use of Excel spreadsheets to track and manage critical tasks, the late submission of reports from external providers, and a lack of visibility into the impact of delays on the overall close deadline.

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Xoom Users Can Now Use PayPal’s Stablecoin for Cross-Border Transfers

Fintech News

Xoom, a subsidiary of PayPal specialising in cross-border money transfers, has enabled U.S. customers to utilise PayPal USD (PYUSD) , a stablecoin pegged to the U.S. dollar, for international remittances. This addition enables users to convert PYUSD into U.S. dollars within their PayPal Cryptocurrency Hub and send it to recipients in about 160 countries without incurring Xoom ‘s transaction fees.

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Mastercard launches additional cardholder capabilities

The Paypers

US-based payment technology corporation Mastercard has announced additional credit card benefits to improve health, travel, and lifestyle rewards for consumers and SMEs.

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ADB to Support Finance Ministers with New ASEAN Climate Finance Platform

Fintech News

The Asian Development Bank (ADB) is set to introduce an ASEAN Climate Finance Policy Platform, aimed at aiding finance ministers in Southeast Asia to collectively tackle climate change. Masatsugu Asakawa This announcement was made by ADB President Masatsugu Asakawa, highlighting the urgent need for regional action on climate issues. He added, “Climate change is the most urgent issue facing Southeast Asia.

Finance 91
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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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Crypto Trading Firm GSR Granted Full License in Singapore

Fintech News

GSR, a global cryptocurrency trading firm and liquidity provider, has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This license allows its subsidiary, GSR Markets Pte. Ltd., located in Singapore, to provide digital payment token services. The firm first received in-principle approval for the MPI license from MAS in September 2023.