More authentication leads to fewer approvals
Payments Dive
OCTOBER 15, 2024
Research from payments software firm Stripe shows credit and debit card transactions using an advanced security tool are less likely to be approved.
Payments Dive
OCTOBER 15, 2024
Research from payments software firm Stripe shows credit and debit card transactions using an advanced security tool are less likely to be approved.
TechCrunch Fintech
OCTOBER 15, 2024
In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at […] © 2024 TechCrunch.
Finextra
OCTOBER 15, 2024
The BBC has found that Revolut was named in more reports of fraud in the last financial year than any of the major High Street banks.
Fintech News
OCTOBER 15, 2024
HashKey Global, a licensed digital asset exchange, has teamed up with Sumsub , a global verification platform, to improve its Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. The partnership aims to reduce onboarding times and enhance compliance with evolving cryptocurrency regulations. Over the last three months, Sumsub’s technology has helped HashKey address onboarding delays by automating its verification procedures for its 600,000 registered users.
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
Finextra
OCTOBER 15, 2024
Reflecting on insights from last month’s Visa Payments Forum, Tareq Muhmood, SVP, Value Added Services, Europe, Visa, addresses the dramatic rise in global fraud—from $800 million in the early '90s to $33 billion in 2023. As financial institutions grapple with the increasing complexity of fraud in the digital age, the need for adopting advanced technologies like AI and real-time data analysis becomes clear.
Fintech Finance
OCTOBER 15, 2024
Alzheimer’s Society and PayPoint today announce a new partnership to simplify and enhance cash donations and transactions. The collaboration addresses the growing challenges for charities when it comes to handling cash, particularly as high street banks and Post Office branches become less accessible. With nearly 30% of all charity donations still made in cash, the partnership provides a timely solution to prevent any unnecessary decline or delay in donations received due to logistical cha
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech Finance
OCTOBER 15, 2024
Findity, the leader in expense management technology, is excited to announce the launch of its innovative Real Time Card functionality. This groundbreaking feature, allows users to connect any Mastercard or Visa with their expense management platform, simplifying the process of tracking and managing expenses in real time. Findity’s integration with the world’s leading card schemes, Mastercard and Visa, enables users to seamlessly connect their preferred payment methods for easy reconciliation an
Payments Dive
OCTOBER 15, 2024
Although venture capital investment in young payments firms grew globally during the third quarter, compared with the same period last year, that wasn’t the case for U.S. firms.
Fintech Finance
OCTOBER 15, 2024
Bank payment company GoCardless has named Alexandra Chiaramonti the Managing Director of its international business. With this appointment, Chiaramonti also joins the GoCardless executive team. In her role, Chiaramonti is responsible for scaling the fintech’s growth outside of the UK and Ireland, with a focus on Europe and Asia Pacific. Chiaramonti joined GoCardless in 2021 as VP and General Manager, EMEA.
Finextra
OCTOBER 15, 2024
Ripple is preparing to launch a US dolar denominated stablecoin, roping in a host of exchange partners and customers in the digital asset industry.
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 Finance
OCTOBER 15, 2024
Brex , the modern corporate card and spend management platform for startups and enterprises, and Navan, the all-in-one solution that makes travel and expense easy, today announced a new joint offering with the launch of BrexPay for Navan. This integrated business travel and payments solution brings together Navan’s world-class travel services and Brex’s industry-leading global corporate cards.
Fintech News
OCTOBER 15, 2024
OCBC has announced a five-year collaboration with Disney, bringing special products and activities inspired by Disney, Pixar, Marvel, and Star Wars to its retail banking customers in Singapore, Malaysia, and Indonesia. The partnership aims to help OCBC quadruple its new customer base in Southeast Asia by 2029. This marks the first time a Southeast Asian regional bank is rolling out a comprehensive programme featuring branded card designs, marketing activations, and financial literacy content ins
Fintech Finance
OCTOBER 15, 2024
The ePay Summit 2025 , the premier event for leaders in retail, eCommerce and payments industry, is scheduled to take place in May 2025. The summit will bring together innovators, thought leaders, and key stakeholders from London and Europe to explore the future of online retail payments and the rapidly evolving landscape of e-commerce. Organized by EastMed, the ePay 2025 will feature a series of keynote addresses, panel discussions, networking meetings and interactive roundtables designed to pr
Fintech News
OCTOBER 15, 2024
Digital banking software provider Backbase has announced the appointment of Tim Rutten as its new Chief Marketing Officer (CMO). Rutten most recently held the position of Chief of Staff and has been with Backbase for a decade. He will be responsible for developing and implementing Backbase’s global marketing strategy in his new role. Rutten will focus on enhancing Backbase’s brand positioning, driving demand generation, and supporting the company’s efforts in the digital bankin
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
OCTOBER 15, 2024
A pioneer in open banking, Neonomics unveils an innovative new product suite launched as Nello, with the goal to bring open banking to the next level through AI-driven solutions and seamless payments. Launching across the EU and the U.K., Nello Pay and Nello AI aims to transform the way businesses and consumers interact with financial services to deliver unprecedented insights, automation, and security, enabling users to experience a smarter, faster, and more seamless way to complete payments an
Finextra
OCTOBER 15, 2024
The Depository Trust and Clearing Corporation (DTCC) has created a sandbox to test groundbreaking technology for the digital asset industry.
Fintech Finance
OCTOBER 15, 2024
TRANSFOND , the Romanian Banking Association , and the entire banking community in Romania announce that the new RoPay system has become operational. RoPay allows users to make instant mobile payments in line with the national payment scheme. The first banks to go live in production are CEC Bank and Libra Internet Bank, BRD Groupe Societe Generale, ING Bank Romania, BCR, and Banca Transilvania are also in advanced stages of implementation, with RoPay set to launch later this year and in 2025.
Bank Automation
OCTOBER 15, 2024
Citi posted cost reductions in the third quarter as it benefits from ongoing simplification efforts. The $1.7 trillion bank’s total operating expenses clocked in at $13.3 billion, down 2% year over year, according to the bank’s Q3 2024 earnings supplement. The bank’s technology spend, however, increased 1% YoY to $2.3 billion. The savings were driven […] The post Citi reduces costs, invests in tech appeared first on Bank Automation News.
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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.
Fintech Finance
OCTOBER 15, 2024
The second most used instant payment method in the world, Brazil’s Pix will have a recurring transaction capability, Pix Automático (Automatic Pix in free translation), set to be launched by the Central Bank of Brazil next year, on June 16th. EBANX, a global tech company specializing in payment services in rising markets in Latin America, Africa, and Asia, is taking the lead and is prepared to start integrating global merchants with this new Pix feature.
Finextra
OCTOBER 15, 2024
German Banking-as-a-Service company Solaris is set to lay off a third of its workforce with the majority of job losses hitting its British subsidiary Contis.
Fintech Finance
OCTOBER 15, 2024
Metro Bank has partnered with engagement banking provider, BankiFi , to launch Invoice It – the easy-to-use app and web-based service which helps SMEs send and receive payments. Across the UK, businesses are seeking modern financial solutions which help them to send and receive payments in a timely and cost-effective manner. In response to these demands, Metro Bank has partnered with BankiFi to launch Invoice It, providing an innovative end-to-end payments and accounts receivable solution and ac
Bank Automation
OCTOBER 15, 2024
Bank of America clients continued to flock to digital channels in the third quarter as the bank invested in transaction channels, wealth management and self-service capabilities. “Digital adoption and engagement continue to improve, and customer satisfaction scores remain near record levels, illustrating the appreciation of enhanced capabilities from our continuous investments,” Chief Financial Officer Alastair […] The post Bank of America clients flock to digital tools in Q3 appeared fir
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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.
Fintech Finance
OCTOBER 15, 2024
Token.io , the leading account-to-account (A2A) payment infrastructure provider, today announces a partnership with Santander UK (‘Santander’). The collaboration aims to leverage Token.io’s industry-leading open banking connectivity and infrastructure to enhance Santander’s customer experiences and develop cutting-edge, real-time payment propositions.
Bank Automation
OCTOBER 15, 2024
Goldman Sachs is trimming its consumer business in the third quarter, turning its attention to bread-and-butter segments including wealth management, dealmaking and trading. “We have been pretty clear with our messaging that we continue to narrow our consumer footprint,” Chief Executive David Solomon said today during the bank’s third-quarter earnings call.
The Paypers
OCTOBER 15, 2024
Token.io has partnered with Santander UK , to use Token.io’s Open Banking technology and infrastructure to enhance Santander’s customer experiences and create real-time payment solutions.
Fintech News
OCTOBER 15, 2024
OKX, a global cryptocurrency exchange and onchain technology company, has named Yuri Mushkin as its Global Chief Risk Officer. Yuri Mushkin Based in Singapore, Mushkin will oversee the company’s global risk strategy and lead its independent enterprise risk function, reporting to the CEO and Board of Directors. Mushkin previously worked at McKinsey Investment Office Partners, where he managed over US$20 billion across public and private markets.
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The Paypers
OCTOBER 15, 2024
Ripple has announced the global rollout of its new stablecoin, RLUSD, an enterprise-grade, USD-denominated digital asset designed for institutional use.
Fintech Finance
OCTOBER 15, 2024
Cashfree Payments , India’s leading payments and API banking company announced that its UPI(Acquiring) Switch has received certification from the NPCI and has started processing transactions. The UPI Switch is a software that enables communication between core banking systems and NPCI’s UPI systems to process UPI transactions and is integral to deliver high success rates and reliable processing.
Finovate
OCTOBER 15, 2024
Token.io has teamed up with Santander UK, a subsidiary of Banco Santander. Santander UK will leverage Token.io’s open banking connectivity and infrastructure to enable account-to-account payments for credit card repayment. Founded in 2015, Token.io most recently demoed its technology on the Finovate stage at FinovateEurope 2017. Account-to-account (A2A) payment infrastructure company Token.io has forged a partnership with Santander UK.
Neopay
OCTOBER 15, 2024
Training and audits are two pillars of compliance. However, many businesses struggle to engage with these elements in meaningful ways. At Neopay, we’ve identified several areas where misunderstandings commonly arise. Here’s a guide to address these areas and offer practical solutions to make training and auditing more effective, engaging, and impactful.
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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