Thu.Mar 14, 2024

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Banking apps fall short on fraud protections: report

Payments Dive

Consumer Reports Senior Director Delicia Hand said preventing fraud and scams is "crucial" for traditional and digital banks alike, as more of their customers use their mobile apps.

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Hong Kong invites applications for Phase 2 CBDC pilot programme

Finextra

Hong Kong's central bank is inviting interested parties to submit applications for Phase 2 of its e-HKD CBDC pilot programme.

CBDC 127
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UBS to Reduce Staff in Wealth Management Division Across Asia

Fintech News

UBS Wealth Management, the arm of UBS dedicated to handling affluent clients, has commenced a significant restructuring within its Asian sector. This initiative, primarily affecting its operations in Hong Kong and Singapore, is set to reduce its workforce by approximately 70 individuals. This decision emerges amidst a challenging financial climate that has adversely impacted the profitability of one of the region’s foremost wealth management entities.

Advisors 122
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Swedish central bank calls for legislation to protect cash

Finextra

Even as cash usage continues to fall in Sweden, legislation is needed to ensure that people can pay with notes and coins, says the central bank governor.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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Bridging the Banking Divide: The Rise of E-wallets in the Philippines

The Fintech Times

Not so many years ago, Filipinos had to visit bank branches or ATMs to transfer money and manage their accounts. A complex set of geographic and institutional barriers, including the fragmentation of Filipinos across over 7,000 islands, and low levels of financial literacy, are also hampering the use of financial services. Here, Imran Vilcassim , global solutions lead of digital platforms for BPC , explains how e-wallets are helping to bridge the gap for millions of Filipinos previously excluded

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WorkWave, Wisetack and YouLend Partner Bolstering Financial Services Product Offering

Fintech Finance

WorkWave® , a leading provider of SaaS software solutions that support every stage of a service business’s life cycle, has announced its strategic partnerships with Wisetack , which offers pay-over-time for home services, and global embedded financing platform, YouLend. These partnerships will complement the already comprehensive financial services offered by WorkWave, giving their customers the ability to offer even more flexible payment options to end customers, while also giving WorkWav

Product 105
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MPE 2024: Tokenisation in the ecommerce space

Finextra

In a panel discussing tokenisation, panellists Suzana Kordumova, product manager at Netcetera, Stephan Hackenberg solution sales director at Giesecke+Devrient, Matteo Gamba, head of product - global payments and fraud at Wayfair, and John Noltensmeyer CISO at Tokenex spoke on network tokenisation and what tokenisation can do for merchant payments.

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Understanding Merchant Identification Numbers: A Quick Guide for Banks

Fi911

A merchant identification number, or MID, plays a pivotal role in facilitating smooth and secure payments. For banks and their merchant clients, grasping the intricacies of MIDs is crucial for guaranteeing that transaction processes run smoothly while upholding stringent security measures. A MID is a unique code assigned to merchants by their acquiring bank or payment processor.

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NatWest invests in Icon Solutions

Finextra

NatWest has taken a minority stake in British payments technology firm Icon Solutions.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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Visa teams with SAP’s Taulia on embedded payments

Payments Dive

The card network giant wants to simplify payment processes for chief financial officers, accounts payable staff and procurement professionals, via the new tie.

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Worldline closes in on deal with Italy's Cassa Centrale Group

Finextra

Italian banking group Cassa Centrale has entered into exclusive negations with Worldline for a long-term payments partnership.

Payments 110
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ACI CEO weighs in on FedNow, cross-border payments

Payments Dive

The federal real-time payments system may spool up slowly, but it could ultimately transform U.S. cross-border payments, ACI Worldwide's CEO predicted.

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The EU AI Act - What Are The Implications For Banking and Fintech?

Finextra

Yesterday’s European Parliament's final vote on the AI Act, set to take effect this May, heralds the.

AI 105
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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. Yet, while time has provided customers and businesses with more education on the security benefits of EMV card chips, many businesses and consumers are still confused about key components.

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Trio of Must-Have Artificial Intelligence Tools for Trading in the Stock Market

Finextra

In the ever-changing world of financial markets, the integration of technology has been a catalyst f.

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What is B2B Payments Processing and How Do You Implement It?

Stax

During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. Between 2019 and 2020, the number of U.S. consumers using two or more types of digital payment methods increased by 8%. Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses.

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Global Connectivity: Real-Time Finance's Impact on Cross-Border Transactions

Finextra

Cross-border transactions have long functioned as the driving force for international investment and.

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7 Essential Criteria for Choosing the Right Payments Partner

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.

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CFPB: Open banking update

Bank Automation

Consumer Financial Protection Bureau Director Rohit Chopra released an update today on the bureau’s Personal Financial Data Rights rule-sharing based on his remarks given March 13 at the Financial Data Exchange Global Summit in Washington, D.C. Chopra discussed at the FDX event how the bureau is identifying standard-setting organizations.

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Klarna adds open banking settlements for 18 million consumers and 32,000 retailers

Fintech Finance

Klarna , the AI-powered payments network and shopping assistant, has begun to roll out open banking-powered settlements in the UK. The launch means consumers can now pay Klarna directly from their bank account instead of using a debit card, bypassing card networks and marking a major milestone in Klarna’s ambition to build a payments network of the future.

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Podcast: Grasshopper CEO Butler talks growth

Bank Automation

Grasshopper Bank is investing in its digital offerings to meet its clients where they want to be met — whether through self-service channels or other avenues.

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Klarna to launch Open Banking settlements in the UK

The Paypers

AI-enabled payments network and shopping assistant Klarna has announced the launch of an Open Banking-powered settlement in the UK.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

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.

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Inside ING’s hybrid, multi-cloud strategy

Bank Automation

ING Bank is moving its operations to the cloud for scalability, efficiency and security. The $967 billion bank’s operations are 65% on a private cloud, Marco Eijsackers, head of the CIO office at ING, told Bank Automation News. “We started our migration in 2014-15 in partnership with Microsoft by building private clouds,” Eijsackers said.

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DIFC Keeps Up With Digital Asset Development, Enacting New Law and Amending Other Legislation

The Fintech Times

The UAE has established itself as a frontrunner in the digital innovation space. However, maintaining this status requires an up to date understanding of the latest developments in financial markets across the world. One such market which has received a lot of attention is the digital asset space. Consequently, Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA) region, has enacted a Digital Assets Law as well as amended exis

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Navy Federal developing omnichannel platform

Bank Automation

Navy Federal Credit Union is developing an omnichannel lending platform as credit unions and captives prioritize technology upgrades in the face of increased competition and changing consumer preferences.

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Klarna Initiates Open Banking Settlements, Offering New Payment Option for UK Consumers

The Fintech Times

Klarna has introduced open banking-powered settlements in the UK, enabling consumers to pay directly from their bank accounts instead of using debit cards. This move marks a significant shift in the global payments and shopping solutions provider’s ambition to create a future-oriented payments network. Open banking settlements simplify and secure transactions for consumers while providing insights into spending habits.

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Enhance Customer Value: Unleash Your Data’s Potential

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.

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10 Ways SMBs Can Maximize Profit

Stax

In the world of small and medium-sized businesses (SMBs), turning a profit—and maximizing it—is the difference between success and shutting the doors. That said, effectively running a company is more than just having enough money to keep the business running; it’s about growing the business to the next level. Let’s talk about how you can do that.

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Calculum partners with Corpay

The Paypers

Financial AI and data analytics services provider Calculum has announced its partnership with Corpay , aiming to provide its customers with access to Corpay Payments Automation.

AI 67
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Evolution of Commercial Payments: Insights on Virtual Card Numbers (VCNs) with Discover® Global Network

The Fintech Times

Digitalisation is reshaping the landscape of commerce for both consumer and business payments and prompting an increased focused on innovation, security and finance. At the forefront of this dialogue are virtual card numbers (VCNs), a digital- only form of payment that are gaining prominence for their ability to offer enhanced security, real-time transaction capabilities, precise data quality and simplified reconciliation.