Finextra
MAY 7, 2024
Visa is introducing a generative AI tool to assign real time risk scores to transactions in a bid to stop enumeration attacks that use automated scripts and botnets to test for vulnerabilities.
Bank Automation
MAY 7, 2024
Chime Financial was fined $3.25 million by the Consumer Financial Protection Bureau today as the digital bank has failed to give timely consumer refunds. According to Chime’s refund policy, the company is required to issue consumer refunds within 14 days.
The Fintech Times
MAY 7, 2024
From AI and blockchain to sustainable investing and digital economies, the second edition of the Du b ai FinTech Summit has put the spotlight on emerging fintech trends and their potential to drive financial progress in the region. The two-day event, organised by Dubai International Financial Centre (DIFC) – the global financial centre in the Middle East, Africa and South Asia region, took place at the Madinat Jumeirah Conference Centre and it was certainly a bustling, tightly-packed affai
Fintech News
MAY 7, 2024
In Q1 2024, fintech venture capital (VC) funding experienced a notable decline, dropping by 16% compared to the previous quarter, new data released by market intelligence platform CB Insights show. The total funding amounted to US$7.3 billion, marking the lowest quarterly level since 2017. Quarterly fintech equity funding and deals, Source: State of Fintech Q1 2024, CB Insights, Apr 2024 The data, presented in the “State of Fintech Q1 2024” report, illustrates the continued downward trajectory i
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
The Payments Association
MAY 7, 2024
IOSCO's new policy recommendations aim to create a unified global framework for regulating digital assets and cryptocurrencies, enhancing market integrity and investor protection.
Basis Theory
MAY 7, 2024
In a world that seems ever more risky - with digital scam artists everywhere you look, and ransomware in seemingly every other news report - making security as impenetrable as possible is at the top of many merchants’ to-do lists. Given that this is a benefit for merchants and consumers alike, this is an admirable intention; but the reality for many security programs, 3D Secure included, is that poor implementation can result in a negative customer experience, potentially reducing the merchant’s
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Stax
MAY 7, 2024
You’ve heard that cash is king. Not so much anymore! Cashless transactions have dethroned the age-old cash payments. When was the last time you withdrew cash from an ATM? Or paid for your groceries using hard cash? If you’re like most people, then it’s probably been a while. With credit card transaction volume hitting over $9.5 trillion in the US in 2022, accepting card payments is no longer a question of whether to, but how to.
Payments Dive
MAY 7, 2024
When it comes to bridging the FedNow and RTP networks, officials at the Federal Reserve and The Clearing House have slightly different priorities.
TechCrunch Fintech
MAY 7, 2024
Daloopa, a startup building AI to extract info from financial reports and investor presentations, has raised cash in a new funding round. © 2024 TechCrunch. All rights reserved. For personal use only.
Fintech Review
MAY 7, 2024
The fintech sector is currently undergoing a significant transformation, with artificial intelligence (AI) and machine learning at the forefront of this change. These technologies are transforming how financial services operate, injecting unprecedented levels of efficiency and innovation. Machine learning is particularly transformative in various fintech applications, such as personalised financial advice and risk assessment, marking a transformative shift in financial methodologies towards more
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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
MAY 7, 2024
New research from RedCompass Labs, a world leader in payments modernization, has revealed that US banks are failing to meet demand for instant payments.
Fintech News
MAY 7, 2024
Piyush Gupta, CEO of DBS Group Holdings , has sold 75,000 shares of the company, fetching a price of S$35.74 per share, according to recent filings on the Singapore Exchange. Before this transaction, Gupta’s holdings included 2,790,053 ordinary voting shares, equivalent to 0.098% of the company’s total shares. After the sale, his stake decreased to 2,715,053 shares, representing 0.095% of the total voting shares.
Fi911
MAY 7, 2024
For businesses, the Terminated Merchant File (TMF) is an unwelcome designation analogous to a “no-fly list” for credit card processing. This blacklist is maintained by Mastercard. Alternatively known as the MATCH List, seeks to safeguard banks from extending acquiring services to high-risk enterprises. In certain circumstances, such as excessive chargebacks, data breaches, fraudulent activities, or violation of regulations, a merchant’s account may be terminated.
Payments Dive
MAY 7, 2024
While some earned wage access providers use real-time payments to make distributions to employees, the big payroll services provider ADP doesn’t see employers gravitating to that option.
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
TechCrunch Fintech
MAY 7, 2024
Digital banking startup Mercury is layering software onto its bank accounts, giving its business customers the ability to pay bills, invoice customers and reimburse employees, the company has told TechCrunch exclusively. The additional features puts the company in even more direct competition with the likes of Brex and Ramp, two rival fintechs that have for […] © 2024 TechCrunch.
Fintech News
MAY 7, 2024
Deputy Prime Minister and Minister for Finance, Lawrence Wong, discussed the potential expansion of the Monetary Authority of Singapore’s (MAS) anti-money laundering platform, COSMIC, to non-banking sectors in a recent response to a parliamentary question. COSMIC, which stands for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, is currently utilised by participating banks to enhance the detection and prevention of significant financial crimes through sh
TechCrunch Fintech
MAY 7, 2024
Welcome to TechCrunch Fintech! This week, we’re looking at Mercury’s latest expansions, wallet-as-a-service startup Ansa’s raise and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Tuesday at 8 a.m. PT, subscribe here. (New day and time, same awesome newsletter!) The big story Digital banking startup […] © 2024 TechCrunch.
Fintech News
MAY 7, 2024
Global payments service provider FIS has launched a new fintech platform named Atelio by FIS. This platform aims to provide essential tools for financial institutions, businesses, and software developers to integrate financial services into their products. Atelio by FIS offers a suite of components that allow for the easy integration of various financial operations such as deposit collection, money transfers, card issuance, invoice sending, and advanced functions like fraud prevention, cash flow
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 Dive
MAY 7, 2024
The test offering provides buy now, pay later financing to a limited number of users of Block’s Cash App debit card for “a small fee.
Fintech News
MAY 7, 2024
FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s top cross-border payment companies, recognizing the leading publicly traded companies, startups and private companies operating in the space worldwide. Top 100 Cross-Border Payment Companies for 2024, Source: FXC Intelligence, Apr 2024 The Top 100 Cross-Border Payment Companies for 2024 list encompasses companies operating across consumer money trans
Finextra
MAY 7, 2024
Watch this webinar on handling straightforward and complex reconciliation with AI-based self-build capabilities on the cloud.
Fintech News
MAY 7, 2024
The Monetary Authority of Singapore (MAS) has intensified its oversight of DBS Bank following repeated disruptions to its online banking and payment services. The regulator is ensuring that DBS addresses these issues effectively, as reported by The Straits Times. Despite ongoing remedial efforts to rectify issues from 2023 disruptions, DBS and POSB’s online services faced another outage on 2 May.
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.
Finextra
MAY 7, 2024
Revolut has rolled out a crypto exchange designed for professional investors, but available on desktop for all UK users with a Revolut retail account.
Bank Automation
MAY 7, 2024
Payments behemoth Mastercard uses APIs to develop a wider range of products for business clients. The company processes roughly 125 billion transactions annually and managing data flow through APIs makes Mastercard’s operations efficient, Chad Wallace, executive vice president of B2B solutions, tells Bank Automation News on this episode of “The Buzz” podcast.
Finextra
MAY 7, 2024
Emirates NBD's digital offshoot Liv is working with B2B alternative asset solutions provider Ctrl Alt to explore the tokenisation of real-world assets.
Bank Automation
MAY 7, 2024
NEW YORK — Tech provider FIS debuted its embedded finance platform, Atelio, in its Investor Day presentation today as its tech leaders discussed growth strategies.
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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.
Finextra
MAY 7, 2024
Private equity firm Gallant Capital Partners has acquired payments consultancy and testing specialist Fime as well as the UL Solutions payments testing business and merged the two. Financial terms were not disclosed.
Bank Automation
MAY 7, 2024
Bank Automation News is pleased to announce that the inaugural Bank Automation Summit Europe 2024 will take place Oct. 7-8 in Frankfurt, Germany, at the Hilton Frankfurt.
Finextra
MAY 7, 2024
Stronghold, a leader in innovative digital payment solutions, today announced its acquisition of 20022 Labs, a pioneer in advancing the ISO 20022 financial messaging standard.
Finovate
MAY 7, 2024
FinovateSpring 2024 is only a few weeks away! If you haven’t picked up your ticket, there’s still time to take advantage of early-bird savings if you register by this Friday, May 10. This year’s FinovateSpring arrives at an interesting time for fintech and financial services. For the first time in decades, a new emerging technology – AI – promises to accelerate technological innovation in our space in a way that is truly generational.
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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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