Payments Dive

JULY 8, 2024

A bipartisan group is nudging the Federal Reserve to explain why it can’t speed up a plan to extend the operational availability of the U.S. payments system.

Federal Reserve 193

Federal Reserve Payments 193

Finextra

JULY 8, 2024

Crypto wallet provider Tangem is partnering with Visa on the launch of a payment card that will be integrated with the Swiss firm's self-custodial hardware wallet.

Payments 135

Payments 135

Bank Automation

JULY 8, 2024

ConnectOne Bank invests in technology that generates data to boost efficiencies, but the systems are only beneficial if employees use them consistently. For example, the $9.8 billion Englewood Cliffs, N.J.

Origination 126

Origination Automation Technology 126

Fintech News

JULY 8, 2024

Citigroup Inc. has laid off about 500 employees as part of a global restructuring effort, as reported by The Straits Times. The bank now has about 8,000 full-time and contract employees in Singapore, down from 8,500 in October. This reduction aligns with Citigroup ‘s broader strategy to “streamline its operations” by cutting management layers and roles concentrated in the Asia Pacific region.

Facilitators 125

Facilitators Governance Government Continuity 125

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

The Fintech Times

JULY 8, 2024

Global venture funding experienced an upward trend for the second consecutive quarter, climbing eight per cent quarter-over-quarter to $65.7billion in Q2 2024. Despite this increase, the number of deals continued to decline, marking the ninth straight quarter of decreases with only 6,230 deals. This figure represents less than half the deal volume recorded at its peak in Q1 2022.

AI 115

AI Volume Continuity Accounts 115

Bank Automation

JULY 8, 2024

Bank Automation Summit Europe 2024 is delighted to announce a strategic partnership with DIGITALEUROPE, the leading trade association representing digitally transforming industries in Europe. This partnership aims to amplify the impact of both organizations in driving innovation and excellence in European banking and digital sectors. Bank Automation Summit Europe 2024, scheduled for Oct.

Automation 105

Automation Innovation AI 105

Finezza

JULY 8, 2024

Open banking is a significant development that enables secure data sharing and collaboration between financial institutions, technology companies, and customers. It breaks down traditional barriers in finance by facilitating secure collaboration and data sharing between all stakeholders. As a result, this empowers customers, fuels competition, and drives innovation in financial services.

Facilitators 95

Facilitators Security Finance Innovation 95

Fi911

JULY 8, 2024

The rise of online shopping has made eCommerce fraud an increasingly prevalent and sophisticated threat, necessitating advanced security measures to protect both merchants and customers. But, what exactly are those threats? What, exactly, are we talking about when we talk about “eCommerce fraud?” eCommerce fraud refers to deceptive activities that occur during online transactions.

Account Takeovers 94

Account Takeovers Fraud Detection Phishing Fraud Prevention 94

Fintech News

JULY 8, 2024

Zheng Yu Dong announced that he will be stepping down as CEO of MariBank , a digital bank licensed by the Monetary Authority of Singapore (MAS) and a wholly-owned subsidiary of Sea Group, after a five-year tenure. According to a LinkedIn post , Zheng will continue to serve as an advisor to both MariBank and Sea. Sea Group has secured two digital banking licenses: one in Singapore to establish MariBank and another in Malaysia for the yet-to-be-launched YTL-Sea Digital Bank Project.

Advisors 102

Advisors BNPL Authorization Security 102

Fintech Finance

JULY 8, 2024

PayerMax , a leading global payment solutions provider, is proud to announce its decision to expand into the Kingdom of Saudi Arabia (KSA) and its noteworthy commitment to the KSA by establishing its regional headquarters in Riyadh. PayerMax participated in the Regional Headquarters Program (RHQ) established by the Ministry of Investment and obtained a RHQ licence this month.

Financial Inclusion 97

Financial Inclusion Cross-Border Participant Digital Payments 97

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Use Case

Payments Dive

JULY 8, 2024

The Consumer Financial Protection Bureau has found some patients felt pressured by healthcare providers to use medical credit cards, according to an update on the federal agency’s efforts to protect consumers.

CFPB 78

CFPB Credit Cards Consumer 78

DeckCommerce

JULY 8, 2024

Omnichannel eCommerce is a transformative strategy bridging the gap between digital and physical shopping experiences. This approach integrates multiple channels —online, mobile, and in-store— to provide customers with a seamless and cohesive shopping journey, regardless of how or where they choose to shop.

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Fintech Finance

JULY 8, 2024

Tappit , the global payment, rewards and data ecosystem for travel, retail, sports, events, stadiums, and Journey Mentor , the leading travel-tech SaaS company that have created proprietary easy-to-use solutions to solve the travel industry’s challenges, announce a five-year partnership to design and deliver a data-driven loyalty and customer experience programme.

IBAN 96

IBAN Credit Cards Payment Gateways Gateways 96

Payments Dive

JULY 8, 2024

The card company has warned it could face an additional financial toll related to the misclassification legal matter, in which it overcharged merchants for years.

Legal 78

Legal 78

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 Finance

JULY 8, 2024

EdfaPay , a leading innovator in fintech services, is proud to announce expansion into Morocco after receiving an official license to operate in the country. This significant achievement aligns with EdfaPay’s vision to empower the global financial landscape. With this new license, EdfaPay is set to bring its cutting-edge financial solutions, including Soft POS, Payment Gateway, to merchants and customers across Morocco, with a commitment to leveraging expertise and sustainable technology w

Security 94

Security Payment Gateways Gateways Economy 94

Fintech News

JULY 8, 2024

M-DAQ Global, a fintech firm supported by Affinity Equity Partners and China’s Ant Group, saw its consolidated net loss for the financial year ending 31 December 2023, rise to S$26.5 million (approximately US$19.7 million), as reported by DealStreetAsia. This is more than double the S$13.1 million loss reported in the previous year, according to recent regulatory filings.

Cross-Border 96

Cross-Border Cross-Border Payments Legal Acquirers 96

Fintech Finance

JULY 8, 2024

Icon Solutions today announces it has strengthened and expanded its strategic partnership with NatWest with the appointment of Ian Povey, CIO Payments Technology, and Lee McNabb, Head of Payments Strategy and Partnerships, as Board Observers. Ian is an experienced and internationally recognised payments product and technology executive. He oversees the modernisation of NatWest’s payments technology estate, with responsibility for the run, change and continuous availability of payments as a syste

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ISO 20022 Message Standards Payments Strategy ISOs 92

Fintech News

JULY 8, 2024

South African digital bank TymeBank has appointed Karl Westvig as its new CEO, effective 1 October 2024. Coenraad Jonker, the current CEO, will focus on his role as Executive Chairman of Tyme Group, overseeing the growth of the multi-country digital banking group. Westvig, presently TymeBank’s Chief Executive for Retail and Business Banking, brings extensive leadership experience in lending and fintech.

Returns 96

Returns FinTech Finance Posting 96

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

Finextra

JULY 8, 2024

The Hong Kong Monetary Authority is to become the first central banking institution outside of the EU to participate in the European Central Bank's digital euro exploratory project.

Cross-Border 80

Cross-Border CBDC Central Bank Participant 80

Fintech News

JULY 8, 2024

OCBC has unveiled OCBC PartnerCare , a new financial and personal wellness programme tailored for over 35,000 property agents in Singapore. This initiative aims to bolster OCBC ’s network of property agents, who significantly contribute to its home loans business. Valued at up to S$5,000 annually per agent, the programme offers preferential home loan rates, discounts on Great Eastern insurance plans, bonus interest on referral fees credited to an OCBC 360 account, and access to wellness events.

Enrollments 92

Enrollments Addressing Accounts FinTech 92

Bank Automation

JULY 8, 2024

Ally Financial will launch a generative AI innovation challenge for startups on July 9, focusing on developing tech solutions for its customers and staff.

AI 81

AI Innovation 81

Finovate

JULY 8, 2024

Partnerships in digital banking, identity management, and payments lead off the fintech news headlines as July begins in earnest. Be sure to check back all week long for updates and fresh announcements on the latest industry happenings. Payments Yuno forges strategic partnership with BBVA Group digital payments company, Openpay. Lending Ireland’s CreditLogic raises $3.8 million (EUR 3.5 million) from Riverside Acceleration Capital (RAC).

FinTech 64

FinTech Reconciliation Automation Checks 64

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

Finextra

JULY 8, 2024

Richard Kalas, Client Solutions Director, Retail Banking, GFT, reflects on the latest findings from GFT’s Banking Disruption Index, which highlights the mounting debt that UK bank customers are accumulating – often due to a lack of awareness of interest rates and overdraft fees. In addition, consumers highlight the lack of support from their bank to help them in these financially difficult times, and show a lack of awareness of tools that are being made available by their bank to help them with

Finance 64

Finance Consumer 64

Finovate

JULY 8, 2024

Automated reconciliation software company AutoRek has announced a partnership with JP Morgan Payments. The partnership will help insurance companies better manage financial data flows from banking sources. AutoRek made its Finovate debut at FinovateEurope 2023 in London. Automated reconciliation software provider AutoRek has teamed up with JP Morgan Payments to enhance premium processing for insurance companies.

Reconciliation 59

Reconciliation Payments Automation Audit 59

Finextra

JULY 8, 2024

Africhange, a global remittance services provider, has launched its operations in the UK, offering more efficient, cost-effective and reliable solutions for individuals to send and receive money internationally.

Service Provider 64

Service Provider 64

Nomentia

JULY 8, 2024

Best KPIs to drive payment centralization success Many describe today's business landscape as fast-paced and demanding. As it stands, effective cash management is pivotal for any treasury function aiming to align with strategic business goals. At the heart of cash management lies the crucial element of payments —whether they are decentralized and fragmented across various systems or streamlined through centralization.

Cash Management 59

Cash Management Treasury Payments 59

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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.

AI

Finextra

JULY 8, 2024

The Australian Bankers' Assocation says that the country's opt-in open finance programme has failed to reach its potential four years after launch.

Finance 64

Finance 64

The Fintech Times

JULY 8, 2024

Compound , a new save now, buy later fintech, is officially set for launch in the Middle East, with an aim to help customers save for a purchase with their favourite brands and get rewarded for doing so. Compound partners with brands to provide a unique savings-led shopping experience. Customers can proactively save with their preferred brands in advance, such as saving for a forthcoming vacation with their favourite airline.

Consumer 59

Consumer FinTech Central Bank Innovation 59

Finextra

JULY 8, 2024

NatWest is to make its digital identity service for document signing available to customers in the Nordics via Adone Acrobat sign.

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The Fintech Times

JULY 8, 2024

We’ve heard many times before data is the most valuable thing organisations can obtain, and consumers can giveaway. As a result, the Australian Banking Association (ABA) introduced the Consumer Data Right (CDR) regime in July 2020 to give consumers greater control over their data. Reviewing the regime four years later, ABA commissioned Accenture to unveil how Australians are using it.

Government 59

Government Governance Compliance Scams 59

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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.

Payments