Open Banking Excellence

JANUARY 18, 2024

As we enter an exciting new year, businesses worldwide are ratcheting up artificial intelligence (AI) investment. Those that race ahead will challenge their rivals on growth, productivity, and financial performance – and those that fall behind risk irrelevance in a rapidly changing marketplace. Given the breakneck pace of adoption, it’s critical that we’re able to track AI maturity across the banking sector, helping institutions to harness the power of emerging technologies with open

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AI Best Practices APACS Innovation 130

PCI Security Standards

JANUARY 18, 2024

The  2024 PCI SSC Global Content Library  is now available! The PCI SSC Global Content Library is home to hours of video content from PCI SSC’s Community Meetings. Learn directly from Council executives and industry experts as they discuss industry trends, best practices, and insights into payment security standards. This year’s meetings included wide-ranging discussions on the retirement of PCI DSS v3.2.1 and the implementation of PCI DSS v4.0.

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PCI DSS Payment Security Security Best Practices 117

Payments Dive

JANUARY 18, 2024

The Federal Reserve is building up bank participation in FedNow, but some big financial institutions remain on the sidelines.

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FedNow Federal Reserve Participant 120

The Fintech Times

JANUARY 18, 2024

Cross-border payment and FX fintech firm Neo is celebrating profitability – as an increasing number of SMEs explore alternatives to banks to manage their international business needs. The Barcelona-based fintech provides a one-stop-shop multi-currency account for corporate treasurers and recorded an annual revenue of over €5million and an annual profit of €1million.

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Multi-Currency Cross-Border Payments Bank Identification Code Cross-Border 109

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

The Payments Association

JANUARY 18, 2024

On 8 December, the European regulators (EBA, ESMA and EIOPA, collectively referred to as the ‘ESAs’) published the second set of draft implementing technical standards. This second set of standards includes four ‘Regulatory Technical Standards’ (RTS), which provide specific technical requirements, one ‘Implementing Technical Standard’ (ITS), aimed at practical implementation, and two ‘Guidelines’ (GL), which serve as interpretative guidance.

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Consulting Regulations Compliance 88

Finovate

JANUARY 18, 2024

Digital Onboarding announced a $58 million growth round, boosting its total funding to $62.6 million. Today’s funds come from Boston-based private equity firm Volition Capital. Digital Onboarding will use today’s investment to accelerate its product roadmap, improve support for existing customers, drive awareness in new markets, and increase its headcount.

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Payments Dive

JANUARY 18, 2024

Conditions could be ripe for more payments deals in 2024, as legacy players seek to add unique technologies and struggling startups find themselves in need of an exit plan.

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Payments Technology 88

TechCrunch Fintech

JANUARY 18, 2024

Financial institutions spend hundreds of dollars in marketing and awareness to get a customer to open an account that often doesn’t get used. Digital Onboarding wants to help. © 2023 TechCrunch. All rights reserved. For personal use only.

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Accounts FinTech 102

Payments Dive

JANUARY 18, 2024

Student loan servicer Nelnet will handle servicing of Discover’s portfolio while the card issuer markets it for sale, said CFO John Greene.

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Card Issuer Issuers 97

Fintech News

JANUARY 18, 2024

The emergence of generative artificial intelligence (AI) represents a pivotal moment in the technological evolution, significantly altering the digital financial services landscape in the Asia Pacific region. This innovative type of AI is adept at creating new content, from text and images to intricate data patterns, by learning from pre-existing datasets.

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AI Financial Crimes Crime SWIFT 106

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

Payments Dive

JANUARY 18, 2024

“Epic will contest Apple's bad-faith compliance plan in District Court,” Epic Games CEO Tim Sweeney said in a Tuesday post on X, formerly Twitter.

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Compliance Payments Posting 88

Finextra

JANUARY 18, 2024

TSB is advising consumers to avoid making online purchases on Facebook Marketplace, warning that over a third (34%) of the adverts tested on the platform are scam posts.

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Scams Posting Consumer 96

NFCW

JANUARY 18, 2024

SHOP&GO: Entering the Aldi’s concept store has been streamlined with the addition of contactless card entry Discount supermarket chain Aldi has introduced contactless payment at its checkout-free concept store in London. The change means customers will no longer have to use the supermarket’s Shop&Go app on their phones and can instead simply tap their contactless payment card or mobile phone at a barrier to enter the store.

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Contactless Payments Accounts Product Payments 86

Fi911

JANUARY 18, 2024

Third-party fraud refers to any situation in which someone commits a crime by assuming a false identity and impersonating another individual or organization. This is done without their knowledge or consent of the targeted individual. Cybercriminals acquire personal information from one or multiple cardholders. They subsequently gain control over existing accounts, or establish new ones without the victim’s awareness.

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Account Takeovers MFA Fraud Detection Credit Cards 85

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

Finextra

JANUARY 18, 2024

All over the world, the number of attacks by cybercriminals targeting the financial sector is increa.

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Regulatory Compliance Ransomware Compliance 115

Bank Automation

JANUARY 18, 2024

Truist Financial is simplifying its operations through ongoing restructuring efforts, affecting headcount, footprint and innovation. Costs associated with the restructuring are expected to reach $225 million, or more than 30% of the bank’s savings goal of $750 million for the year, Chief Financial Officer Mike Maguire said today during Truist’s fourth-quarter 2023 earnings call.

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Innovation 78

Finovate

JANUARY 18, 2024

U.S. Bank’s innovation team recently attended the Consumer Electronics Show (CES) in Las Vegas last week on what it called a “Future Safari.” After attending the show in 2023 , the team was back on the lookout for emerging tech trends with the potential to impact the financial services industry, emphasizing AI, autonomy, embedded financial services, and the intersection of physical and digital realms.

Innovation 69

Innovation Non-Bank Technology AI 69

Bank Automation

JANUARY 18, 2024

KeyBank prioritized its investment in technology during the fourth quarter as it looks to build the bank’s franchise to ensure competitiveness. “Our first investments are always going to be good clients and our people.

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Technology Continuity 78

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AI

The Fintech Times

JANUARY 18, 2024

Crypto exchange, Gemini has achieved its next milestone as it completes its expansion into another European country. Following the launch of its EU headquarters in Ireland in 2022, the exchange has now registered as a digital asset service provider (DASP) in France. L’Autorité des Marchés Financiers (AMF), the French financial markets regulator, approval means Gemini can offer its products to retail and institutional users across France as the final preparations for a French Gemini platform are

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Legal Framework Cross-Border Regulations Settlement 69

Bank Automation

JANUARY 18, 2024

Discover Financial Services invested in its integrated digital banking model, risk management, analytics and compliance initiatives in 2023 and expects to continue those efforts this year.

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Risk Management Compliance Risk Continuity 75

Finextra

JANUARY 18, 2024

In a significant move for the African fintech ecosystem, Ukheshe International has acquired 100% of EFT Corporation Limited (EFTCorp) from parent Loita Transaction Services (LXS), a pan-African payment solutions and financial switching provider.

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Acquirers Payment Solutions Transactions FinTech 69

Finovate

JANUARY 18, 2024

Just weeks into 2024 and we’re celebrating a major new Finovate milestone: the 200th episode of the Finovate Podcast! “I can’t believe I’ve now got 200 episodes under my belt!” Finovate VP and Podcast host Greg Palmer shared on X after the 200th episode dropped on Wednesday. In this most recent show, Greg Palmer shares his four, big-picture takeaways from the Podcast’s first 199 episodes.

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Authorization FinTech Innovation Posting 64

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Payments

The Fintech Times

JANUARY 18, 2024

It’s time to delve into The Fintech Times Bi-Weekly News Roundup on Thursday 18 January 2024 for the latest updates from across the global fintech industry. Funding and investments Vertice , the integrated SaaS and cloud spend management platform, has secured a $25million Series B. The company has now raised a total of $51million since January 2022. 3North and Bessemer Venture Partners, were the lead investors in the company’s Series A.

FinTech 64

FinTech Cybersecurity Cross-Border APACS 64

Finovate

JANUARY 18, 2024

U.K.-based financial planning software company for advisors, Dynamic Planner, launched its new risk profile mapping service this week. The service brings greater clarity on potential risks when building diversified investment portfolios with single strategy funds. Dynamic Planner made its Finovate debut in 2022 at FinovateEurope in London. Dynamic Planner , a financial planning software company for advisors, unveiled its new risk profile mapping service for single strategy funds this week.

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Risk Advisors CRM Rules 59

The Fintech Times

JANUARY 18, 2024

To ensure immigrants can continue to send money home to their friends and family quickly and safely, Onafriq , the digital payments network in Africa has selected Alviere , the embedded finance platform provider to enable payments and remittances from the US to countries in Africa. The importance of remittances and cross-border payments cannot be understated in Africa.

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Cross-Border Payments Cross-Border Embedded Finance Money Laundering 59

Finextra

JANUARY 18, 2024

Kashable, a finech platform that offers credit to employees through a company's payroll system, has bagged $25.6 million in a Series B capital raise.

Payroll 59

Payroll FinTech 59

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The Fintech Times

JANUARY 18, 2024

A new Sprout.ai , the AI-led insurance claims automation company, product creates a zero-shot model for claim assessment to close the manual gaps in claim processes and increase the efficiency of claims automation. The Sprout zero-shot model can leverage foundational claim data to review and assess claims without ever having seen a claim of that type before.

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Product Process Assessments Automation 59

Finextra

JANUARY 18, 2024

Germany's Varengold Bank has invested €29.5 million in Dutch buy now pay later fintech Billink.

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BNPL FinTech 72

The Fintech Times

JANUARY 18, 2024

Many banks and financial service institutes are looking to deploy more digital strategies to stay relevant and competitive in today’s market. However, they first need to gain visibility into what’s in their ‘dark estate’ – or the areas of their IT environments where costly inefficiencies and poor end-user experiences hide. By understanding the dark IT estate and its many blind spots, bank IT teams can help their organisations be more proactive, manage costs, and serve employees – and

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End User Non-Bank Addressing Database 59

The Finance Weekly

JANUARY 18, 2024

The traditional definition of a CFO is that he or she is the senior manager of all things financial for a company or corporation. The CFO monitors the company’s cash flow, analyzes its financial health, suggests recommendations for possible improvement, and oversees the company’s financial accounting, including timely and accurate reporting. The important point about this definition is the word “traditional”.

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Risk Acquirers Continuity Accounts 52

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.

Embedded Finance