Fintech News

AUGUST 12, 2024

XDC Network has selected eight startups to join its first-ever accelerator programme, powered by Tenity , an innovation ecosystem specialising in early-stage fintech startups. The XDC Accelerator Programme is a significant step for the emerging blockchain platform, which is known for its focus on real-world asset tokenisation and trade finance. The selected startups will gain access to business and technical mentorship, helping them refine their business value propositions and develop a working

Blockchain 138

Blockchain Credential AI Verification 138

Bank Automation

AUGUST 12, 2024

Banks are modernizing and digitalizing their platforms and offerings as users demand more online and mobile banking experiences. According to Bank Automation News’ proprietary Transactions Dashboard, banks have consistently invested in digital banking solutions since the start of the year.

Transactions 124

Transactions Online and Mobile Banking Mobile Banking Automation 124

Fintech News

AUGUST 12, 2024

Network for Electronic Transfers ( NETS ) has unveiled NETS SoftPOS , a new payment solution that allows merchants to accept contactless payments using their Android smart devices. This eliminates the need for traditional payment terminals, offering a more cost-effective and flexible payment option. With the NETS SoftPOS app, which is available on the Google Play Store, merchants can accept payments via cards, QR codes, and mobile payment methods.

Contactless Payments 118

Contactless Payments Debit Card Payments ATM 118

The Payments Association

AUGUST 12, 2024

With their ability to delay digitalisation, organisational silos are a challenge for innovators everywhere. But what if we've been approaching the problem all wrong? What if there was another way to help financial institutions deliver modern payment experiences?

Innovation 88

Innovation Payments 88

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

Fintech News

AUGUST 12, 2024

Antler, a global early-stage venture capital firm with a presence in over 30 cities, has announced the close of its second Southeast Asia fund, Antler SEA Fund II, at US$72 million. Three times the size of its predecessor, the fund will focus on early-stage tech-enabled companies in Singapore, Indonesia, Vietnam, and Malaysia. Over the next few months, Antler plans to deploy US$27 million from the fund into 45 startups across Southeast Asia, providing pre-launch, pre-seed, and seed capital.

Security 117

Security Agreements Participant AI 117

The Payments Association

AUGUST 12, 2024

Discover how partnerships between PSPs and card acquirers can benefit the payment landscape by creating better, more convenient and secure payment solutions for merchants. The newest case study between card-acquirer PAYSTRAX and PSP CatalystPay.

FinTech 88

FinTech Acquirers Payment Solutions Security 88

The Payments Association

AUGUST 12, 2024

With their ability to delay digitalisation, organisational silos are a challenge for innovators everywhere. But what if we've been approaching the problem all wrong? What if there was another way to help financial institutions deliver modern payment experiences?

Innovation 88

Innovation Payments 88

BlueSnap

AUGUST 12, 2024

B2B eCommerce is hardly new, but most companies are far from perfecting the experience. China’s Alibaba pioneered the category 25 years ago with the launch of its online B2B marketplace, which has ballooned to over 200,000 suppliers. Now, about two-thirds of B2B companies offer an eCommerce option, according to McKinsey. The post How B2B eCommerce Is Changing in Response to Buyer Expectations appeared first on BlueSnap.

B2B 100

B2B Posting 100

The Payments Association

AUGUST 12, 2024

AI-driven solutions are transforming dispute management in the payments industry, enhancing efficiency, reducing costs, and improving customer satisfaction in an increasingly digital landscape.

Disputes 88

Disputes AI Payments 88

Payments Dive

AUGUST 12, 2024

Employers are responding quickly to the Consumer Financial Protection Bureau’s rule noting earned wage access services may constitute lending, says a Chime executive.

Rules 88

Rules Consumer 88

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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?

Use Case

Fintech News

AUGUST 12, 2024

Crypto custodian BitGo has obtained the Major Payment Institution license from the Monetary Authority of Singapore (MAS). This approval follows an in-principle nod received earlier this year and allows BitGo to offer regulated digital payment token services in Singapore. The license enables BitGo to provide clients with secure digital asset transactions through its insured cold storage custody solution, housed within a class III vault.

Security 108

Security Regulations Payments Institute On-Demand 108

Fintech Finance

AUGUST 12, 2024

Ticombo® , the international ticket marketplace, has announced a new partnership with Mangopay , a modular and flexible payment infrastructure provider for platforms, to transform the ticket selling and buying experience. Mangopay will manage Ticombo’s end-to-end payment flow from pay-in to payout as Ticombo works to provide a fair, trusted, and transparent experience for its users worldwide.

Fraud Prevention 103

Fraud Prevention AI Economy Process 103

Fintech News

AUGUST 12, 2024

Thunes, a global network for cross-border money movement, is on track to reach EBITDA break-even by the end of this year, as the company reports several growth milestones. The firm’s annual revenue run rate has surpassed US$100 million, marking a key moment in its expansion strategy. The growth is driven by increased demand for Thunes’ direct global network, which enables real-time payments across more than 130 countries and 80 currencies.

Cross-Border 105

Cross-Border Real Time Payments On-Demand Visa 105

Fintech Finance

AUGUST 12, 2024

Thunes , the Smart Superhighway for money movement around the world, today announces it has hit major growth milestones, exceeding $100m run-rate Revenue whilst remaining firmly on course to reach EBITDA break-even by year-end. Thunes’ phenomenal growth journey is fuelled by accelerating demand for its proprietary Direct Global Network for money movement, which allows Members to make payments in real-time in over 130 countries and more than 80 currencies.

Real Time Payments 98

Real Time Payments Treasury Management Digital Currency Treasury 98

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

Best Practices

Fintech News

AUGUST 12, 2024

Global payments company Nium is enhancing its presence in Latin America, with a focus on expanding its operations in Brazil. The company has recently applied for a Payment Institution License in Brazil, which will allow it to offer payment services, including managing funds in BRL and facilitating real-time payments through the Pix system. Additionally, Nium is seeking authorisation for foreign exchange transactions to strengthen its capabilities in the region.

Cross-Border 105

Cross-Border Cross-Border Payments Correspondent Bank Real Time Payments 105

Fintech Finance

AUGUST 12, 2024

Arab Financial Services (AFS) , in partnership with Samsung Gulf Electronics, has introduced Samsung Pay to Oman, marking a significant milestone in the Sultanate’s digital transformation journey. As the region’s leading digital payment solutions provider and fintech enabler, AFS is once again demonstrating its commitment to driving innovation and enhancing customer experiences.

Digital Payments 97

Digital Payments Central Bank Contactless Payments Payments 97

Fintech News

AUGUST 12, 2024

Despite facing funding challenges and navigating complex market conditions, the fintech sector in India continues to grow and evolve, with several emerging fintech trends in India poised to shape the future of the industry. These trends include ecosystem banking, generative artificial intelligence (GenAI), and embedded finance, a new report by PwC India and ASSOCHAM says.

Embedded Finance 107

Embedded Finance FinTech Non-Bank Cross-Border 107

FloQast

AUGUST 12, 2024

AI’s potential to revolutionize various industries, including accounting, is undeniable. Both its present capabilities and the general promise surrounding the technology can — and will — impact businesses broadly. But far too often, we hear people painting in broad strokes, explaining things so generally that it’s clear they’re not totally sure what they’re talking about.

AI 102

AI Accounts Checks Adjustments 102

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.

Payments

Fintech News

AUGUST 12, 2024

A new report by Reputa, an online reputation monitoring system provided by Viettel, Vietnam’s state-owned telecommunications giant, offers an analysis of the country’s fintech sector and provides rankings of the most reputable fintech companies in Vietnam based on their online reputation and reach. Released on July 16, 2024, the report examines key trends, developments, and prominent players in Vietnam’s fintech industry, drawing on extensive data collected from social media interact

FinTech 108

FinTech Online and Mobile Banking Point-of-Sale (POS) Payment Gateways 108

Finextra

AUGUST 12, 2024

Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced that TT’s acquisition of START, a broker-neutral trade optimization platform, from Abel Noser Holdings, a majority-owned portfolio company of Estancia Capital Partners, is now complete.

Technology 87

Technology Transactions 87

Fintech News

AUGUST 12, 2024

Wise, a global online money transfer service, is set to restart onboarding new customers in India for overseas remittances, according to Bloomberg. The fintech had temporarily paused new sign-ups to overhaul its infrastructure following the receipt of a license from the Reserve Bank of India, allowing its users to send more money abroad. Since 2020, Wise has facilitated outbound payments from India through a bank partnership, but transactions were previously capped at US$5,000 each.

Cross-Border Payments 105

Cross-Border Payments Cross-Border Caps Facilitators 105

Fintech Finance

AUGUST 12, 2024

Nium , the global leader in real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses, joining key fintech associations, expanding its employee presence, and signing new customers. This continued expansion is a step towards Nium’s commitment to revolutionizing the global payments landscape in this strategic region.

Real Time Payments 96

Real Time Payments Cross-Border Payments Cross-Border Central Bank 96

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.

Continuity

Payments Dive

AUGUST 12, 2024

The card payments service provider for merchants said it will now be known as North as part of an effort to evolve and appeal to businesses of all sizes.

Service Provider 78

Service Provider Payments 78

Fintech Finance

AUGUST 12, 2024

Amazon and Barclays , one of the UK’s largest credit card providers, announce a new partnership to launch a co-branded credit card in the UK. The new card enables customers to earn rewards on everyday spending, which can be redeemed for gift cards on Amazon.co.uk. Amazon Barclaycard customers earn 1% rewards on all Amazon purchases, 0.5% rewards on everyday spending outside Amazon for the first 12 months, and 0.25% after that*.

Credit Cards 93

Credit Cards Fraud Prevention Finance Accounts 93

Finextra

AUGUST 12, 2024

Fintech has revolutionized the banking and payments sectors, significantly contributing to economic.

FinTech 109

FinTech Payments 109

Bank Automation

AUGUST 12, 2024

Bank of Nova Scotia agreed to buy a minority stake in KeyCorp, which was among the US regional banks hit hardest in last year’s tumult, for about $2.8 billion as part of a focus on North America. Scotiabank will acquire 14.9% of Cleveland-based KeyCorp by buying shares at $17.

Acquirers 75

Acquirers 75

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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.

AI

Finextra

AUGUST 12, 2024

Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.

Security 80

Security 80

Finovate

AUGUST 12, 2024

We’re midway through August, and while everyone attempts to sneak in their final summer vacation days, the fintech news continues on. While we’ve seen a handful of acquisition news headlines so far this summer, I expect things to tick up slightly this fall. Stay tuned throughout the week to read the latest news this week as we post updates and evolutions.

FinTech 72

FinTech Cross-Border Payments Cross-Border Payroll 72

Fintech Finance

AUGUST 12, 2024

GoHenry by Acorns , a debit card and financial education app designed for 6-18 year olds, has announced a collaboration with Google Wallet to integrate GoHenry into the new Fitbit Ace LTE smartwatch for kids in the U.S. The collaboration advances Google’s Tap to Pay capabilities in its Fitbit Ace LTE devices and enables kids under 13 years old to use a smartwatch to spend their own money safely and responsibly in the digital world.

Debit Card 83

Debit Card Card Issuer Issuers Finance 83

Finextra

AUGUST 12, 2024

Internet services or electronic devices that enable online transactions are known as electronic wall.

Transactions 98

Transactions 98

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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.

Payments