Payments Dive
AUGUST 5, 2024
The Federal Reserve instant payments system may cut fees after it attracts more financial institutions, or in the face of competition, a Wolfe Research analyst said, citing a FedNow official.
Fintech Finance
AUGUST 5, 2024
Fingerprint Cards AB (Fingerprints) today announced the appointment of David Eastaugh as the company’s Chief Strategy and Technology Officer. He will assume his position on August 19, 2024. David is a technology visionary in the fields of identity, data, and combating financial crime and fraud, with a diverse background that includes experience in startups, scale-ups, consulting, and corporations.
Payments Dive
AUGUST 5, 2024
The bank flagged government inquiries over its handling of P2P disputes in May, and said Friday it would consider litigation if the agency issues an enforcement action.
Finextra
AUGUST 5, 2024
Australia's Commonwealth Bank says it has cut customer scam losses in half in FY24 through a combination of new anti-scam technologies, cross-industry collaborations and customer education.
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
Payments Dive
AUGUST 5, 2024
The company said it raised a record $24.2 billion from services in the most recent quarter, a 14% year-over-year increase.
Finextra
AUGUST 5, 2024
The UK's National Crime Agency has shut down a platform used by hundreds of criminals to defraud victims across the world through the use of spoofed phone calls.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finovate
AUGUST 5, 2024
A major sell-off in the stock market is giving investors jitters as August begins in earnest. Funding news for companies in lending and wealth management leads the fintech news this week. Be sure to check back over the next few days for the latest updates and announcements. Lending U.K.-based SME lender Shawbrook partners with nCino to automate loan origination.
Fintech News
AUGUST 5, 2024
In 2023, e-commerce continued to expand in Southeast Asia, with the gross merchandise value (GMV) of the region’s top eight e-commerce platforms increasing by 15% year-over-year (YoY) to reach US$114.6 billion, according to Momentum Works’ “Ecommerce in Southeast Asia 2024” report. The figure represents a 2.1-fold increase from 2020, and showcases the rapid growth of e-commerce in the region.
The Fintech Times
AUGUST 5, 2024
Ireland-based electronic money institution (EMI) DECTA is joining forces with France-based fintech Next Generation to launch a new Euro-pegged stablecoin, ‘EURT’ DECTA and Next Generation explained that EURT is fully compliant with MiCA requirements and will operate on the Stellar blockchain, as well as three other platforms. Next Generation is closely affiliated with Tempo France , another European fintech which initially launched EURT with the Stellar Foundation as one of the first
Fintech News
AUGUST 5, 2024
YouBiz, a multi-currency corporate card and spend management platform by YouTrip , has introduced a new Chinese Yuan Renminbi (CNY) remittance corridor. This move addresses the growing need for efficient and cost-effective cross-border transactions between Singapore and China. China, Singapore’s largest trading partner, facilitated nearly S$80 billion in imports in 2023.
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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?
Finextra
AUGUST 5, 2024
Nationwide is use its national network of branches to offer specialist dementia clinics to help tackle the country’s leading cause of death.
Fintech Finance
AUGUST 5, 2024
The expanded partnership between Adyen and BMW Group is the result of a successful global e-commerce collaboration where Adyen developed customized payment solutions to meet BMW Group’s customer engagement and shopping experience requirements. The integration of Adyen’s point-of-sale (POS) solutions into the BMW ecosystem now enables the BMW Group to provide a seamless and best-in-class payment experience also in an offline context for its customers at BMW Welt and the BMW Museum.
Fintech News
AUGUST 5, 2024
Singapore’s state-owned investment company Temasek announced the addition of three new external appointments, according to a Reuters report. Gabriel Lim Gabriel Lim , currently the Permanent Secretary (Policy) at Singapore’s Ministry of Trade and Industry, will join Temasek on 1 October as joint head of corporate strategy. In this role, Lim will help develop and implement Temasek’s 2030 strategy, while strengthening relationships with partners and stakeholders.
Fintech Finance
AUGUST 5, 2024
Thredd , the global next-generation payments platform, today announced that Brian Kieley has joined the organisation as Chief Client Officer effective immediately. Kieley will lead the client success function globally, including teams across the UK, Europe, APAC and U.S. regions. “Brian has a long-standing reputation as a product, client relationship and operations leader within the payments industry,” said Jim McCarthy – CEO, Thredd.
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
Fintech News
AUGUST 5, 2024
Revolut, a global neobank with 45 million users, has introduced its business-to-business platform, Revolut Business , in Singapore, marking its first market in Asia. This platform aims to provide Singaporean companies of all sizes with efficient and affordable financial management tools, facilitating global business operations. Revolut Business is designed as a comprehensive financial management solution that reduces administrative tasks, allowing businesses to focus on growth.
Fintech Finance
AUGUST 5, 2024
Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda. (“Pay2All”), a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected to enhance Nuvei’s capabilities in the Brazilian market and reinforces its commitment to the Latin American (LATAM) re
Fintech News
AUGUST 5, 2024
In the burgeoning world of fintech, talent acquisition and strategic hires play a critical role in setting the stage for future growth and stability. Southeast Asia and Hong Kong, two of the most vibrant fintech hubs in the region, are buzzing with activity as companies continue to strengthen their teams with top-tier professionals to gain expertise, agility, and a competitive edge.
Finextra
AUGUST 5, 2024
JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.
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.
Fintech News
AUGUST 5, 2024
Global payments platform Thredd announced the appointment of Brian Kieley as Chief Client Officer. Kieley, effective immediately, will oversee the client success function globally, managing teams in the UK, Europe, APAC, and the U.S. Kieley brings over 25 years of experience in the payments industry, having led client-facing teams and held senior executive roles at Visa, Marqeta, and Worldpay.
Finextra
AUGUST 5, 2024
Qardy, the operator of a digital lending marketplace in Egypt and the Mena regions, has secured a $7-figure pre-Seed round of investment with participation from White Field Ventures and Vastly Valuable Ventures.
Bank Automation
AUGUST 5, 2024
Big tech companies reported higher adoption of AI services in the second quarter, but investors want to see returns on those investments.
The Fintech Times
AUGUST 5, 2024
The home-buying process can be challenging for many first-time buyers. This is especially the case when they’re not even aware of what can impact their mortgage application. Looking to educate consumers and take them through the process step-by-step, the Yorkshire Building Society , the UK building society and mortgage provider, is launching a new tool to help homeowners.
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.
NACHA
AUGUST 5, 2024
RESTON, Virginia, Aug. 5, 2024 – Nacha announced today that SouthState Bank has become its newest Direct Member. With SouthState Bank's addition, Nacha now has 46 Direct Members, which include financial institutions and Payments Associations.
Finextra
AUGUST 5, 2024
Lloyds Banking Group has hired an executive from Amazon Web Services as its first director of artificial intelligence andd analytics.
Finovate
AUGUST 5, 2024
Bilt Rewards received $150 million in a funding round led by Teachers’ Venture Growth. The new round brings the company’s total funding to $710 million. The funding comes six months after Bilt Rewards’ January investment round, which valued the company at $3.1 billion. Bilt Rewards , a rewards program that allows renters to earn points for paying rent on time, announced it has received $150 million in funding this week.
BioCatch
AUGUST 5, 2024
With the two biggest continental football tournaments now over, we decided to look at the numbers once again to see if we could answer the question we posed six weeks ago : Would fraudsters win big at the UEFA Euro 2024?
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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.
Finovate
AUGUST 5, 2024
In partnership with financial literacy platform Doshi, Yorkshire Building Society is offering online financial education to first-time prospective homebuyers. The new free tool, available on the YBS website to customers and non-customers alike, walks new homebuyers through the entire home-buying process. Doshi made its Finovate debut earlier this year at FinovateEurope in London.
Finextra
AUGUST 5, 2024
FinextraTV, Julia Thorn, Senior Marketing Manager, Financial Crime Compliance, LexisNexis® Risk Solutions and Robert Campbell, Programme Director of United for Wildlife, The Royal Foundation of The Prince and Princess of Wales, dive deep into their recently released report on how wildlife trafficking can be combatted with the power of collaboration.
The Fintech Times
AUGUST 5, 2024
Korea-based full-stack digital insurance platform, Carrot General Insurance Corp (Carrot) has achieved a milestone as it becomes the first insurance firm to get the exclusive right to use behavioural-based insurance (BBI) in four years and four months. Issued by the General Insurance Association of Korea , Carrot will now be the only organisation to use BBI for the next six months.
Finextra
AUGUST 5, 2024
Neighborhood loyalty platform Bilt Rewards has lifted its valuation to $3.25 billion on the back of a $150 million funding round.
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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.
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