Tue.Feb 13, 2024

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5 Strategies for Protecting the Public and Private Sectors from Cybersecurity Threats

VISTA InfoSec

The proliferation of technology in the present age, while undeniably a win for innovation and modern convenience, has unfortunately been paralleled by an upsurge in cyber threats that present a multifaceted challenge to both businesses and individuals. As people become more reliant on digital platforms for everything from commerce to communication, the potential for cyberattacks will only escalate.

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Yellen asks Congress for stablecoin legislation

Payments Dive

Treasury Secretary Janet Yellen renewed a call for Congress to act on digital assets, saying “there is no appropriate regulatory framework.

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YC-backed Cambio puts AI bots on the phone to negotiate debt, talk to a bank’s customers

TechCrunch Fintech

A Y Combinator-backed startup called Cambio is bringing AI to the banking world in a surprising way: It’s putting AI bots on the phone with companies and consumers. The startup began by offering an AI-powered service that negotiated debt collections on behalf of consumers, which helped around 70% of customers resolve their collections and raise […] © 2024 TechCrunch.

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Ripple to acquire Standard Custody

Finextra

Ripple has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets.

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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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PayPal’s Rabinovitch takes Worldpay CFO seat

Payments Dive

Worldpay will lean on PayPal alum Gabrielle Rabinovitch’s finance chops to help it navigate life as an independent company after a recent rocky history for the business.

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Bezos-Backed B2B Marketplace Ula Reportedly Shutting Down Indonesia Office

Fintech News

B2B e-commerce marketplace Ula is reportedly on the verge of shutting down its Indonesian office. The news comes after the company experienced a period of “hibernation” in recent months, with its office closure anticipated by the end of this month, according to insights shared with DealStreetAsia by multiple sources familiar with the matter.

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Australian Fintech Craggle Unveils AI-Powered Tool for Home Loan Refinancing

The Fintech Times

Craggle, a fintech company aimed at helping Australians secure a better rate for their home loan, has launched an AI-powered tool aimed at removing all the hassle of refinancing. In addition to facilitating the application process, Craggle’s new AI tool leverages open banking technology to ease the process of refinancing a loan by automatically populating forms.

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Regulatory Challenges in Fintech: Balancing Innovation and Consumer Protection

Fintech Review

The fintech industry, a dynamic and rapidly evolving sector, is revolutionising the traditional financial landscape. With innovations like mobile banking, digital wallets, and blockchain technology at the forefront, fintech is leading a financial revolution. However, this rapid growth brings significant regulatory challenges, primarily in balancing the need for innovation with the imperative of consumer protection.

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ACH Network Records Strong Growth in 2023 as Same Day ACH Surpasses 3 Billion Payments Since Inception

NACHA

ACH Network Records Strong Growth in 2023 as Same Day ACH Surpasses 3 Billion Payments Since Inception mkahn@nacha.

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Predicting growth for clearing houses and scheme operators in 2024

Finextra

As payment markets evolve, further progress hinges on open access facilitated by infrastructure modernisation. In this Predict 2024 episode, Paul Ruggieri, Senior Vice President, Real Time Payments, Product Management, Mastercard, discusses growth opportunities for clearing houses and scheme operators, emphasising the need for standardised communication strategies between operators and payment systems.

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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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Modalku’s Co-Founder Iwan Kurniawan Steps Down After 8 Years

Fintech News

SME digital financing platform Modalku’s Co-Founder Iwan Kurniawan announced that he will be officially stepping down from his leadership role after nearly eight years. Iwan, who spearheaded the company from its inception in 2015 until June 2023, transitioned out of his role following a meticulously planned year, continuing as a board member and advisor until October last year.

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Nacha Celebrates AAP Professionals on National AAP Recognition Day

NACHA

HERNDON, Va., Feb. 13, 2024 – Today, in support of National AAP Recognition Day, Nacha is pleased to spotlight the accomplishments of the 324 newly-minted AAPs earning their credential by passing the 2023 exam. They are now among the nearly 4,500 payments professionals nationwide being honored for holding the AAP accreditation. For more than 30 years the AAP program has set the standard for excellence in payments.

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Visa Simplifies Global B2B Transactions with Mobile Wallet Integration

Fintech News

Payment giant Visa has announced an expansion of its digital wallet services within Visa Commercial Pay. The enhancement, developed in collaboration with virtual payments technology provider Conferma Pay, aims to streamline how businesses handle their financial operations worldwide. The service, initially launched in regions including Asia-Pacific, Europe, the Middle East & Africa, and North America, is set to be introduced to Latin American and Caribbean customers later in 2024.

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Kema raises $2m to help B2B SMEs with cash flow

Finextra

UAE-based fintech SaaS platform Kema has raised $2 million in a pre-seed funding round led by Speedinvest.

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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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Mizuho Bank Invests Over US$144M in Credit Saison’s Indian Subsidiary

Fintech News

Japan’s Mizuho Bank has announced an investment of up to INR 12 billion (US$ 144.43 million) for a 15% equity stake in credit card issuer Credit Saison’s Indian subsidiary, Kisetsu Saison Finance (India). This move is part of Mizuho’s strategic efforts to expand its footprint in Asia’s burgeoning financial markets, aiming to address the rapid growth and digital financial service needs in India.

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FedNow, RTP adoption neck and neck

Bank Automation

The Federal Reserve’s FedNow payments network, launched nearly seven months ago, has signed up almost as many financial institutions as The Clearing House’s Real Time Payments platform has in seven years.

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GoTo Shoots Down Rumours of Merger Talks With Grab

Fintech News

Indonesia’s GoTo Group , a ride-hailing service in Southeast Asia, denied reports that it is discussing a merger with Grab Holdings, another major player in the region. This announcement comes after speculation that the two companies were considering a deal, potentially involving cash, stock, or a mix of both, to unite their operations. The speculation gained traction following suggestions that GoTo might be more amenable to such discussions under the leadership of its new CEO, Patrick Wal

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Podcast: How to operationalize a bank

Bank Automation

Financial institutions continue to spend on technology but many bank technology experiences are disjointed. Banks are hurting their efficiency and overall customer experience with technology that doesn’t connect seamlessly, Emily Steele, chief operating officer of fintech Savana, tells Bank Automation News on this episode of “The Buzz” podcast.

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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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Egyptian Banks Company Partners With Visa to Tackle Remittance Challenges in Egypt

The Fintech Times

Egyptian Banks Company (EBC) has strategically partnered with Visa to leverage its digital financial services and expertise, as well as the advanced technological infrastructure managed by EBC, to introduce a range of new solutions including electronic payment services and digital wallets. EBC and Visa have signed a memorandum of understanding (MoU) that establishes a comprehensive framework for collaboration, as both organisations initially focus on two key projects to facilitate remittances fo

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MSUFCU tech leader to speak at Bank Automation Summit U.S. 2024

Bank Automation

Ami Haueter, chief research and digital experience officer at Michigan State University Federal Credit Union, will speak at Bank Automation Summit U.S. 2024 about how FIs can create processes for AI technology adoption. Bank Automation Summit U.S. 2024 takes place March 18-19 at the Omni Nashville in Nashville, Tenn.

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In Profile: Patrick Smith, CEO of Zally

The Fintech Times

To this day, passwords remain the key method of verifying a user’s identity. But years of challenges and friction also remain – causing a wide range of issues for consumers and companies alike. One firm looking to change the landscape and rid the world of passwords once and for all is Zally. Patrick Smith is the founder and CEO of Zally, the Manchester-based tech startup leading the way with continuous user authentication.

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SME banking challenger Finom raises €50 million

Finextra

Finom, the Amsterdam-based financial management platform for SMEs and freelancers, has raised €50 million in Series B funding led by General Catalyst and Northzone.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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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FIS partners with Banked

The Paypers

Global fintech FIS has announced its partnership with Open Banking provider Banked to launch new pay-by-bank capabilities for both businesses and customers.

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Amex gears up for bigger bank category

Payments Dive

Given its asset growth, the card issuer anticipates facing more stringent regulatory requirements and more frequent stress tests.

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Wealthify Taps ClearBank to Launch Instant Access Savings Account

Finovate

U.K.-based Wealthify has sought out ClearBank to serve as its embedded banking partner. Online saving and investing service Wealthify will leverage ClearBank’s banking license and API to launch its Instant Access Savings Account. ClearBank’s API offers real-time clearing access, or instant money transfers. Wealthify’s new savings account, which tracks the Bank of England’s base rate, pays out 4.91% AER (Annual Equivalent Rate), which equals 4.80% gross at the time of publishing

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QuantumFy Brings Tailored Banking and Payments to MENA Through Expansion

The Fintech Times

QuantumFy , a global technology hub, has expanded into the Middle East and become a member in the MENA FinTech Association (MFTA). This has been done to drive business growth in the Middle East and North Africa (MENA). Aligning with its strategy to extend its reach into new emerging markets, QuantumFy’s collaboration with the MENA Fintech Association is a step towards leveraging its expertise in the region.

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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Nordic Capital Acquires Canadian Fintech Zafin

Finovate

Nordic Capital has agreed to acquire Canadian banking technology company Zafin. The acquisition will help Zafin become a “global leader in banking technology solutions.” Zafin made its Finvoate debut at FinovateFall in 2017. Nordic Capital agreed this week to acquire a majority share in Canadian SaaS core modernization solution provider for FIs, Zafin.

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Despite Popularity, BNPL Will Not Overtake or Replace Credit Cards

The Fintech Times

Payments are arguably the face of fintech. When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. Having debunked some of the biggest myths surrounding buy now pay later (BNPL), we now turn our focus on the technology’s potential. We reached out to the industry and asked if it believed BNPL could overtake credit card usage as new technologies rise in popularity.

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FinovateEurope 2024 Sneak Peek Series: Part 5

Finovate

A look at the companies demoing at FinovateEurope in London on February 27. Register today using this link and save 20%. Citrusx Citrusx is a trusted end-to-end platform for AI validation and governance, enabling accurate, safe, and compliant AI in organizations. Features Provides 100% transparency into models Delivers 82% faster time to production Reduces risk by 75% Who’s it for?

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Hong Kong Proposes Regulation of Over-the-Counter Crypto Trading

Global Fintech & Digital Assets

The requirements in the proposed framework are more extensive in scope and reach than what many virtual asset industry stakeholders anticipated. By Simon Hawkins and Adrian Fong On 8 February 2024, the Financial Services and the Treasury Bureau (FSTB) released a consultation paper on its legislative proposal to introduce a regulatory regime governing over-the-counter (OTC) trading of virtual assets (VA) in Hong Kong (Consultation Paper).

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

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.