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.
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.
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.
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.
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
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.
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.
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 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
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
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.
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.
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.
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.
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
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.
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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.
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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.
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
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.
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.
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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?
The Fintech Times
AUGUST 5, 2024
Merchants are seeing a significant increase in the use of credit card-linked instalments, according to a new consumer survey from Splitit, an in stalments-as-a-service platform , and PYMNTS , the payments data, news and insights firm. The report, ‘ Innovations and Developments of Card-Linked Installment Plans ‘, reveals that merchants have seen an 82 per cent increase in credit card-linked instalments in-store and a 68 per cent increase online.
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
Nuvei Corporation (Nuvei), the Canadian fintech, is enhancing its capability in Brazil as it acquires Pay2All Instituição de Pagamento Ltda. (Pay2All), a licensed payment institution authorised by the Central Bank of Brazil. The acquisition will allow Nuvei to offer payment services in Brazil as an issuer of electronic currency, gaining Pay2All’s payment licence.
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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