The Fintech Times

NOVEMBER 25, 2024

The Commodity Futures Trading Commission (CFTC ), the US agency responsible for regulating derivatives markets, is increasingly exploring the role of digital assets and blockchain technology in modernising financial systems. As part of these efforts, the CFTC’s global markets advisory committee (GMAC), supported by Commissioner Caroline D. Pham , has advanced a recommendation to broaden the use of non-cash collateral through distributed ledger technology (DLT).

Distributed Ledger Technology (DLT) 142

Distributed Ledger Technology (DLT) Blockchain Treasury Management Volume 142

The Payments Association

NOVEMBER 25, 2024

De-risking endangers financial inclusion, driving MSBs out and boosting unregulated markets, calling for urgent reform. As professionals deeply embedded in the payments industry, we are acutely aware of the delicate balance between risk management and financial inclusion. However, a pressing issue demands our collective attention: the de-risking practices that are inadvertently crippling legitimate money service businesses (MSBs) and empowering black-market alternatives.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

The Fintech Times

NOVEMBER 25, 2024

The latest MENA Web3 hackathon, Web3 Unleashed hosted by cryptocurrency exchange, Bybit in partnership with DMCC (Dubai Multi Commodities Centre) Crypto Centre , has concluded, celebrating the transformative power of blockchain technology. Blockchain technology can be used across various industries and looking to prove just this, 15 project teams presented their ideas to a panel of Web3 experts and prominent figures from the crypto industry.

Blockchain 109

Blockchain Addressing Cryptocurrency Innovation 109

Payments Dive

NOVEMBER 25, 2024

The network is expected to increase some fees it charges for credit card payments, according to a notice referenced during a Senate hearing last week.

Credit Cards 97

Credit Cards Payments 97

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

NOVEMBER 25, 2024

Caecilia Chu, CEO of Singapore-based fintech YouTrip, is actively preparing the company for an IPO, with plans recently detailed to Nikkei Asia. Caecilia Chu YouTrip, a multi-currency digital wallet, enables users to conduct transactions in over 150 currencies without incurring traditional banking or money exchange fees. The company processed US$10 billion in transactions last year and is projected to see a 70% year-on-year increase in revenue in 2024.

Multi-Currency 80

Multi-Currency Volume Transactions FinTech 80

Payments Dive

NOVEMBER 25, 2024

U.S. fraud losses due to push payment scams are rising, partly because of more real-time payments, according to a report from the payments company ACI Worldwide.

Scams 88

Scams Real Time Payments Payments 88

Fintech News

NOVEMBER 25, 2024

Singapore Gulf Bank is reportedly planning to acquire a stablecoin payments provider and is seeking investments to fund this move, Bloomberg reports. Sources indicate the Bahrain-licensed bank is aiming to secure at least US$50 million by selling a minority stake, likely below 10%, to a Middle Eastern sovereign wealth fund and other investors. This equity raise, expected to be finalised in early 2025, will primarily support the bank’s expansion efforts.

Stablecoins 77

Stablecoins Acquirers Cryptocurrency Payment Networks 77

Fintech Finance

NOVEMBER 25, 2024

EFT Corporation , an African-focused fintech and payment solutions provider, recently hosted its EFT Corporation Connect: Zambia event in Lusaka. Featuring presentations led by EFTCorp’s team alongside an address from a representative of the Zambian Ministry of Technology and Science, the event brought together leaders and innovators from Zambia’s banks, microfinancers, and fintech sector.

Point-of-Sale (POS) 74

Point-of-Sale (POS) Financial Inclusion Payment Solutions Innovation 74

Finextra

NOVEMBER 25, 2024

The European Payment Initiative, a bank-backed venture that was initally set up to build a rival to Mastercard and Visa in Europe, has enrolled 14 million users and processed eight million transactions since launch.

Enrollments 72

Enrollments Payment Initiation Visa Transactions 72

The Fintech Times

NOVEMBER 25, 2024

The Middle East Investor Relations Association (MEIRA) is gearing up to host the MEIRA Annual Conference & Awards in Abu Dhabi. Hosted in collaboration with Abu Dhabi Securities Exchange (ADX), the event promises to bring together over 600 attendees, with more than 50 speakers across 10 sessions. Arriving in Abu Dhabi for the first time on 11 to 12 December 2024, the MEIRA event is focused on the theme ‘Bridging Opportunities: Accelerating IR in the Middle Eastern Capital Markets̵

IRS 69

IRS Regulatory Compliance Participant Advisors 69

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Finovate

NOVEMBER 25, 2024

With markets near all-time highs and Bitcoin teasing the $10,000 mark, investors have become increasingly interested in new opportunities to diversify their investments, reduce risk, and grow their wealth. Unfortunately, there are many assets — from cryptocurrencies to real estate to art — that can be difficult for investors to access and incorporate in their overall investment plan.

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Accreditation Returns Bitcoin Cryptocurrency 64

Finextra

NOVEMBER 25, 2024

Growth is regularly on the mind of many companies, especially within the financial industry. It does, however, come with a multitude of potential risks and pitfalls. Robinhood, a trading and investing app based in the US launched in the UK earlier this year. In order to ensure their success, they approached the task with a growth mindset, but a local focus.

Risk 64

Risk Process 64

Fintech News

NOVEMBER 25, 2024

HSBC has announced a series of senior management changes, effective 1 January 2025, including the departure of its Group Chief Sustainability Officer, Celine Herweijer. Celine Herweijer According to a Reuters report , Herweijer’s exit follows a recent reshuffle that removed her role from the bank’s executive committee, sparking concerns among investors about HSBC’s climate priorities.

Compliance 63

Compliance Treasury Risk Risk Management 63

The Fintech Times

NOVEMBER 25, 2024

The demand for cryptocurrencies worldwide is soaring. In fact, the number of global users has increased by 30 per cent year over year and shows no signs of slowing down. To meet this demand, Hong Kong digital bank ZA Bank is now offering cryptocurrency trading services directly to its retail users. Through the ZA Bank app, users can now trade crypto in HKD and USD (currently, it exclusively supports trading services for Bitcoin and Ethereum).

Cryptocurrency 59

Cryptocurrency Bitcoin On-Demand Security 59

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

NOVEMBER 25, 2024

Mastercard’s Multi-Token Network (MTN) has integrated with J.P. Morgan’s Kinexys Digital Payments, connecting blockchain-based tools with real-time payment rails. This platform, offered through J.P. Morgan’s blockchain business unit, facilitates real-time money transfers using commercial bank funds. This collaboration aims to streamline cross-border business transactions by offering a faster and more transparent settlement process, reducing friction and enhancing the efficiency of commerci

Visa 63

Visa Blockchain B2B Payment APIs and Integration 63

Finovate

NOVEMBER 25, 2024

Alera Group has partnered with TIFIN @Work to integrate its workplace benefits and wealth management tools into its FinWell Connect program. The integration will provide employees and advisors personalized financial guidance from Alera Group’s insurance, benefits, and wealth management verticals. Founded in 2023 TIFIN @Work was created by parent company TIFIN to deliver actionable, personalized financial recommendations.

Advisors 59

Advisors On-Demand Participant AI 59

Bank Automation

NOVEMBER 25, 2024

Financial institutions are looking to NCR Atleos to automate traditional transactional banking services, freeing up staff and improving customer experience. “Clients are looking for highly available customer-facing, self-service solutions that handle a wide range of traditional bank branch transactional banking,” an NCR Atleos spokesperson told Bank Automation News.

Automation 59

Automation On-Demand Transactions Posting 59

Finovate

NOVEMBER 25, 2024

A holiday-shortened week begins with news of an acquisition, a new partnership, and a new solution to enhance lender-borrower communication. Be sure to check back all week long for updates on the latest headlines in fintech. Regtech Regnology announces acquisition of VERMEG’s regulatory reporting business (fka Lombard Risk). Payments Payments company Boku forges partnership with Amazon Japan.

FinTech 59

FinTech Fraud Prevention Credit Union Verification 59

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

Bank Automation

NOVEMBER 25, 2024

Ten years in the making, the Consumer Financial Protection Bureau’s recently finalized open banking rule is making waves. The rule, Section 1033, was finalized Oct. 22 and states that consumers can transfer their financial data to another financial institution (FI) provider at no cost, using the framework for secure payments and comparing financial services at […] The post Open banking: Decoding Section 1033 appeared first on Bank Automation News.

Rules 59

Rules Automation Consumer Security 59

Finextra

NOVEMBER 25, 2024

As a leader figure in Türkiye’s payment systems industry, Garanti BBVA has expanded its reach with TAMİ, a subsidiary offering advanced digital payment solutions powered by the bank’s remarkable expertise and robust technological infrastructure.

Payments 59

Payments Payment Solutions Digital Payments Technology 59

The Fintech Times

NOVEMBER 25, 2024

Klarna , the AI-powered global payments network and shopping assistant, has secured a major global agreement enabling customers of Lenovo , the global technology giant in 15 European countries, to pay for their tech purchases at Lenovo.com using Klarna’s flexible payment methods, including its popular interest-free buy now, pay later (BNPL) options.

BNPL 59

BNPL AI Credit Cards Agreements 59

Fintech Finance

NOVEMBER 25, 2024

Shoppers will soon see a familiar name at the checkout when making large purchases, as HSBC UK enters the Point of Sale finance market with the launch of HSBC Flexipay. Designed to help consumers spread the cost of a large purchase into manageable payments directly at point of sale, HSBC Flexipay will be available to customers of its merchant partners, regardless of whether they have an existing HSBC relationship.

Finance 59

Finance Payment Solutions Consumer Payments 59

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

The Fintech Times

NOVEMBER 25, 2024

Santander has appointed dentsu , the integrated business transformation partner, to support the globalisation of its international growth platform for small and medium-sized enterprises (SMEs). Through a new multi-year deal, dentsu will build the Santander international growth platform, which is foundational to the bank’s mission to simplify international trade for the world’s SME community, which represents over 90 per cent of the business population and contributes around half of G

B2B 59

B2B Transactions Innovation FinTech 59

Finextra

NOVEMBER 25, 2024

ZA Bank, Hong Kong's first and largest digital bank, has achieved another breakthrough as Asia's first bank to offer cryptocurrency trading services directly to retail users.

Cryptocurrency 59

Cryptocurrency 59

The Fintech Times

NOVEMBER 25, 2024

Subscription services continue to prevail over other business models in the UK. However, one in three subscription holders (equivalent to around 15.9 million people) have noticed a subscription payment coming out of their bank account that they could not recognise or had forgotten, according to new research by online prepaid payment firm Recharge. Through a survey of 2,000 UK adults, conducted by Opinium Research , Recharge found that Brits earning over £40,000 per year (61 per cent) are more l

Research 59

Research Payment Issues Caps Economy 59

Finextra

NOVEMBER 25, 2024

Cboe Clear Europe, a leading pan-European clearing house, today announced that it has received regulatory approval to clear European Securities Financing Transactions (SFTs).

Security 59

Security Transactions Finance 59

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Fintech Finance

NOVEMBER 25, 2024

Unzer , a provider of payment and software solutions, has selected Mastercard as its strategic open banking partner in Germany, Austria and Denmark to enhance open banking account-based payments to power e-commerce payments across Unzer’s payment gateways. Through this partnership, Unzer and Mastercard aim to create a unified digital payment ecosystem by leveraging Mastercard Open Banking-driven solutions enabling access to pay by bank.

Visa 55

Visa Payment Gateways Payments Gateways 55

Finextra

NOVEMBER 25, 2024

More than one in ten Brits now own cryptocurrency, according to research from the Financial Conduct Authority.

Continuity 72

Continuity Cryptocurrency Authorization Research 72

Fintech Finance

NOVEMBER 25, 2024

As part of a multi-year agreement, Guavapay will become an Official Partner of Rangers Football Club , as well as the Official Ibrox Stadium Payment Processing Partner. As the club’s official Payment Processing Partner, MyGuava Business Point of Sale (POS) terminals will be used around the stadium, ensuring seamless transactions for everyone in attendance.

Point-of-Sale (POS) 53

Point-of-Sale (POS) Payment Solutions On-Demand Agreements 53

Finextra

NOVEMBER 25, 2024

HSBC is entering the UK buy now, pay later market through the launch of Flexipay, a point-of-sale finance product.

Finance 69

Finance Product 69

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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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