Tue.Nov 19, 2024

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Senate grills Visa, Mastercard executives over swipe fees

Payments Dive

Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.

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Money20/20 Asia 2025 Announces Stellar Keynote Lineup and Agenda At-A-Glance

Fintech News

Over 50 speakers have already been confirmed to take the stage at Money20/20 Asia 2025 in Bangkok, Thailand. The conference returns for its second edition from 22 to 24 April 2025 at the Queen Sirikit National Convention Center. More than 3,000 people from 85+ countries attended in 2024, and next year’s show promises to be even bigger and better. Thirty-six leading names, including OpenPayd, Terrapay, Thunes, Chubb, Trulioo, and Nium, have already signed up as sponsors.

APACS 105
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Hejaz launches Australia-first halal investment app

Finextra

Islamic financial services provider Hejaz has launched Australia’s first-ever halal financial app to finally provide Australia’s growing Muslim community with convenient and simple access to a broad range of Shariah-compliant financial products and services.

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Prudential Launches Global AI Lab in Singapore

Fintech News

Prudential has officially launched its global AI Lab in Singapore, aiming to integrate artificial intelligence (AI), generative AI, and machine learning across its operations. The lab, launched in partnership with Google Cloud, will focus on developing AI solutions to improve customer experience, enhance business efficiency, and strengthen advisory capabilities.

AI 98
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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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PayFuture Expands Into Pakistan, Enabling Global Brands to Enter the High-Growth Market

Fintech Finance

PayFuture , a leading global payment technology provider, has launched its operations in Pakistan, creating new opportunities for international businesses to engage with one of South Asia’s most dynamic ecommerce markets. With PayFuture’s advanced payments technology and deep regulatory knowledge, businesses can now navigate the complexities of this high-potential market with ease.

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bolttech to Fuel Growth with US$50 Million Venture Debt Facility From HSBC

Fintech News

Global insurtech company bolttech has secured a US$50 million venture debt facility from HSBC. The funding is intended to support bolttech’s market expansion, technology development, and operational flexibility. The multi-year credit facility is structured for flexible utilisation, enabling bolttech to explore opportunities in the embedded insurance market.

Finance 94

More Trending

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Google Pay adds Afterpay BNPL services

Payments Dive

Users of the Google Pay digital wallet now have access to Afterpay’s BNPL services, and the tech titan is expected to add rival services from Klarna next year as well.

BNPL 78
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Temenos to Deliver On-Premises Generative AI for Banks with NVIDIA

Fintech News

Banking software provider Temenos has partnered with NVIDIA to offer banks on-premises generative AI solutions. This collaboration will enable banks to leverage the power of AI for real-time insights while maintaining data security and control. By combining Temenos’ banking expertise with NVIDIA’s advanced AI platform, including NVIDIA GPUs and NVIDIA AI Enterprise software, banks can utilise unstructured data more effectively.

AI 88
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Klarna to Launch on Google Pay

Fintech Finance

Klarna , the AI powered global payments network and shopping assistant, will soon be available on Google Pay. Starting next year, Google Pay users in the U.S. can choose Klarna’s interest-free payment options at checkout. Sebastian Siemiatkowski, CEO of Klarna, said , “We’re thrilled to bring our fair, flexible, and interest-free payment options directly to Google Pay users.

BNPL 86
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Tunic Pay: Over 70% of UK Adults Unaware of New Reimbursement Rules for Payment Scam Victims

The Fintech Times

The UK public is largely unaware of new regulations forcing UK banks to reimburse victims of payment scams, weeks after coming into effect, anti-fraud fintech Tunic Pay has revealed. On 7 October, the Payment Systems Regulator (PSR) mandated that all UK banks must repay customers who are victims of payment scams up to £85,000 per case. However, a Tunic Pay survey of 2,000 UK adults, conducted by independent market research consultancy Opinium , reveals that less than three in ten (29 per cent)

Scams 82
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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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Cardstream Appoints New CFO

Fintech Finance

Cardstream , a leading Fintech business, has appointed a new CFO. Gurinder Sumra has joined Cardstream as CFO, with a remit to think the ‘art of the possible’ as the business continues its growth trajectory. A chartered accountant for over thirty years, Gurinder, 57, has had a stellar career in the payments sector, including Elavon and FIS as the CFO of the European business divisions.

Finance 81
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The right payment gateway, processor, and orchestrator matters

Basis Theory

The right payment gateway, processor, and orchestrator matters. Understand the differences to choose well.

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Klara AI Collaborates With Unlimit to Launch Innovative Fintech Solution for Women in EU, Targeting €1.3 Trillion Female Economy Market

Fintech Finance

Klara AI , a pioneering fintech startup, has today announced a collaboration with leading global fintech company Unlimit. The exciting new partnership will focus on launching a financial solution specifically tailored for women across the European Union. Unlimit’s flexible and scalable BaaS solution will serve as the backbone of Klara AI’s financial infrastructure.

AI 78
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AI-created digital documents and deep fakes pose biggest threat to financial services

Finextra

Digital document manipulation using AI and deepfakes have been revealed as the biggest growing threats facing the financial services industry going into 2025, according to a report by the Entrust Cybersecurity Institute.

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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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Payments Leaders Join Solutions By Text Board of Directors Amidst Growth Momentum

Fintech Finance

Solutions by Text (SBT), the leading platform for compliance-first messaging and payments for consumer finance, today announced the appointment of Rahul Gupta and Flint Lane to its board of directors. The two new board members bring a wealth of experience in the payments industry in both the private and public sector, having served as leaders for Fiserv and Billtrust, respectively.

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Mama Money launches WhatsApp bank card

Finextra

South African fintech Mama Money Financial Services has launched a new bank card that enables cardholders to manage their account and money through WhatsApp.

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LTIMindtree Strengthens Strategic Partnership with Nexi Group

Fintech Finance

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, today announced a contract extension with Nexi Group , a leading European PayTech provider. This collaboration is set to elevate Nexi’s technology landscape across its core acquiring, issuing, and e-commerce platforms, further solidifying its position as a key player in the digital payments space.

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Immediate Generative AI Use Cases in Banking and Financial Services

Finextra

Roshan Shetty, BFSI & Public Services Head – Americas, Tech Mahindra and Michael Ruttledge, Chief Information Officer, Head of Enterprise Technology & Security, Citizens Bank, join FinextraTV to opine progress since ChatGPT was launched two years ago. Despite dominating headlines, only 6% of the banking, financial services and insurance industries have truly leveraged generative AI algorithms for business models, while 46% are merely passive observers.

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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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Payhawk and J.P. Morgan Payments to Boost Payment Innovation for Payhawk’s Enterprise Customers

Fintech Finance

Payhawk , the global spend management solution, today announced it has selected J.P. Morgan Payments , a global payments leader, to enhance its global payment services for enterprise customers in the UK. This collaboration further strengthens Payhawk as a financial institution and demonstrates a mutual commitment to technological innovation. With this collaboration, the spend management company, which holds EMI licence status in the UK, is set to have greater control of its payment stack and bet

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Starling Bank CEO accused of creating 'grey corporate hellscape'

Finextra

Starling Bank staff have accused new chief executive Raman Bhatia of creating a 'grey corporate hellscape' after issuing a return to office policy despite the lack of desks to accomodate the employee influx.

Returns 69
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Rivero Advises Banks to Brace for Spike in Cardholder Disputes as Black Friday and Cyber Monday Near

Fintech Finance

In anticipation of Black Friday and Cyber Monday, European Visa Fintech Partner, Rivero is urging banks, neobanks, and financial institutions to prepare for a potential spike in cardholder disputes. An analysis of the company’s internal data has highlighted a 25% rise in reported disputes over the past year. If left unaddressed, this surge could disrupt one of the year’s busiest shopping periods.

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Santander launches Openbank digital brand in Mexico

Finextra

Hot on the heels of its arrival in the US, Santander's Openbank digital offering has landed in Mexico.

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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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Tarabut Collaborates With Geidea to Improve Access to Financing for SMEs in Saudi Arabia

The Fintech Times

Tarabut , the MENA region’s regulated open banking platform, is joining forces with Geidea , the Saudi-based payments solutions provider, to develop tailored SME financing solutions, subject to regulatory approvals. By collaborating, Tarabut and Geidea plan to explore and develop new solutions that create more efficient and accessible financing opportunities that empower SMEs, including those underserved by traditional financial services, across Saudi Arabia to thrive.

Finance 64
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Ecommerce Retailers Urged to Prioritise Payment Security or Lose Out This Black Friday

Fintech Finance

According to new research released today, almost half of UK consumers (48%) cite concerns about payment security as a key reason for abandoning their shopping at the online checkout. With Black Friday just days away, ecommerce businesses are being encouraged to optimise customer experience and specifically highlight payment security measures, or risk missing out on the opportunity the day presents to increase their sales, attract new customers and entice spending.

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Deepfake Fraud Jumps by 194% in APAC, as Fraud-as-a-Service Becomes More Widespread, Sumsub Reveals

The Fintech Times

Identity fraud across the Asia Pacific region (APAC) continues to rise, driven by increasingly sophisticated fraud tactics and the more widespread use of Fraud-as-a-Service (FaaS), according to the latest report from full-cycle verification platform, Sumsub. The fourth annual Identity Fraud Report from Sumsub reveals a 121 per cent year-on-year (YoY) increase in identity fraud in 2024 across APAC, according to its internal verification data.

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Gemini goes live in France

Finextra

Gemini, a global crypto & web3 platform, has launched in France after registering as a Virtual Asset Service Provider (VASP) there earlier this year.

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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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Consumer Research Finds 15% of UK Consumers to “Buy Christmas Now, Pay Later” This Holiday Season

Fintech Finance

State of Credit research from Marqeta , the global modern card issuing platform, reveals that 15% of UK consumers surveyed will use Buy Now, Pay Later (BNPL) this Christmas, aligning with a growing trend towards online shopping where digital and flexible payment options are more readily accessible. The annual research, which follows a survey of more than 1,000 consumers across the United Kingdom, shows the proportion of UK consumers planning to do their holiday shopping in stores has more than h

BNPL 60
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Lifting of BaFin restrictions boosts growth at N26

Finextra

The lifting of restrictions by German wathdog BaFin on N26 has led to a surge in demand that has helped the digital lender to record its first quarterly profit.

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Nacha Welcomes Stripe as a Preferred Partner for ACH Experience

NACHA

Nacha Welcomes Stripe as a Preferred Partner for ACH Experience mkahn@nacha.

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Modulr acquires accounts payable automation vendor Nook

Finextra

Modulr, the embedded payments platform, today announces its acquisition of Nook, an innovative disruptor in accounts payable (AP) automation.

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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.