Wed.Dec 18, 2024

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Cool Japan Fund Invests US$25 Million in Funding Societies

Fintech News

Funding Societies | Modalku, a Southeast Asian SME digital finance platform, has raised a US$25 million equity investment from Cool Japan Fund (CJF), Japans sovereign wealth fund. This marks CJF’s first investment in a fintech company in the region. The investment will be used to strengthen Funding Societies ‘ core business of SME financing across its five markets (Singapore, Indonesia, Malaysia, Thailand, and Vietnam) and to further expand its payments business.

Finance 95
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Paymentology’s predictions for 2025

The Payments Association

Payment technology and innovation are accelerating across the fintech industry, with more companies recognising the importance of adapting to changing customer needs, with non-cash transactions projected to hit 2.3 trillion transactions by 2027. Undoubtedly, fintech and payments will continue to serve as pivotal forces shaping the financial landscape, but what trends will define the market next year?

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CFPB swats at retail credit cards

Payments Dive

The federal agency warned companies issuing credit cards about illegal tactics, specifically calling out promotions that turn into “bait-and-switch” offers.

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Chainalysis Acquires Web3 Security Company Hexagate

Finovate

Blockchain data platform Chainalysis has acquired web3 security solutions provider Hexagate. Terms of the deal were not disclosed. The acquisition aligns with Chainalysis’ mission to build trust in blockchain ecosystems by integrating Hexagate’s machine learning-based threat detection and prevention technology, benefiting chains, protocols, and exchanges.

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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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Strategic Partnership Between Bamboo and Coda Simplifies Gaming Payments in LATAM

Fintech Finance

Bamboo , a leading cross-border payments solution provider, has announced a strategic partnership with Coda , a trusted monetization platform for global publishers. The collaboration aims to redefine the gaming payment experience in Colombia, unlocking growth opportunities for both companies by optimizing local payment methods and streamlining integration processes.

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Osome Reports 25% Revenue Growth, Focuses on Profitability and Asian Expansion

Fintech News

Osome, a fintech platform for businesses, has reported a 25% year-over-year increase in revenue, alongside a 60% improvement in annualised EBITDA, demonstrating increased profitability. The company credits its growth to improved spending efficiency, streamlined processes, and enhanced customer service, reflected inthe tripling of its Net Promoter Score.

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Unlocking innovation in payments: A conversation with the PSR’s Dan Moore

The Payments Association

The PSRs Dan Moore highlights the importance of sustainable commercial models and fair competition to drive innovation and investment in the UK payments sector. As the UK payments industry begins implementing the National Payments Vision (NPV), the role of regulators in fostering innovation is increasingly pivotal. In an exclusive conversation with Payments Intelligence, Dan Moore, head of strategy, analysis and engagement at the Payment Systems Regulator (PSR), outlines the regulators prioritie

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Seven Years Going Strong: ClearBank and Azure Renew Partnership to Improve Payment Infrastructure

The Fintech Times

Customers using the cloud computing platform, Azure by Microsoft , will now be able to use cloud-native banking solutions and payment infrastructure provided by ClearBank , the enabler of real-time clearing and embedded banking, following a new partnership. ClearBank’s customers will also be able to benefit from this partnership as they will be able to take advantage of the Azure platform, with streamlined deployment and management.

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ROI of AI: Is the juice worth the squeeze?

Bank Automation

C-suite executives at financial institutions are implementing AI and generative AI throughout their organizations, but as experimentation turns into application, the question is: Is the juice worth the squeeze? Ninety-eight percent of industry leaders say integrating AI into their strategies will drive a 52% increase in revenue during the next five years.

AI 87
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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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TCB Pay Now Supports Apple Pay Integration for OpenCart and WooCommerce

Fintech Finance

TCB Pay, a leader in innovative payment solutions, is proud to announce the launch of Apple Pay integration for merchants using OpenCart and WooCommerce platforms. This new offering empowers businesses to provide customers with a seamless, secure, and efficient online checkout experience. Additionally, TCB Pay already offers Apple Pay as a payment option in the TCB Pay Portal for sales and invoicing, ensuring businesses have even more tools to facilitate their payment processes.

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Taurus and Temenos Offer Banks Fast Track to Roll Out Digital Asset Services

Fintech News

Taurus, a Swiss fintech specialising in enterprise-grade digital asset infrastructure for banks, has strengthened its partnership with global banking software company Temenos. The collaboration fully integrates Taurus’s custody solution, Taurus-PROTECT, into the Temenos Core banking system. This enables banks to manage a wide range of digital assets, including cryptocurrencies and tokenised assets, seamlessly within their existing infrastructure.

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Kuady Partners With MeridianBet, Enhancing the Betting Experience for South American Users

The Fintech Times

Kuady , a Latin American payments service processor, is partnering with global sports betting and gaming provider MeridianBet , enabling its users in LATAM to accessKuadys full suite of payment features, offering real-time deposits and withdrawals to enhance the betting experience. By incorporating technology from Kuady, MeridianBet aims to begin delivering a faster and more seamless customer experience across South America.Via the partnership, MeridianBet users in the region should benefit from

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Top Stories That Shaped Indonesia’s Fintech Scene in 2024

Fintech News

In 2024, Indonesia’s fintech scene reached new heights, with one of the top highlights being. This milestone marked a pivotal moment for the country’s financial inclusion efforts. From regulatory shifts to technological breakthroughs, here’s our pick of the top Indonesia fintech stories 2024 that shaped Indonesias fintech landscape.

FinTech 71
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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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Canada announces Open Banking framework

The Paypers

The Department of Finance Canada has released a comprehensive framework for consumer-driven banking, also known as Open Banking or consumer-directed finance, in the 2024 Fall Economic Statement.

Finance 69
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The Evolution of Open Finance Through the Lens of CBI

The Fintech Times

As digitalisation reshapes finance, the industry is transitioning beyond traditional open banking into a comprehensive open finance model, enhancing both access and transparency for consumers. CBI, led by managing director Liliana Fratini Passi, plays a pivotal role in this transformation. The fintech, which serves as an industry utility with over 30 years of experience, spearheads the creation of innovative digital platforms that support the integration of open banking and finance, crucial for

Finance 71
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Temenos banks can now launch digital asset services "within days" following integration with Taurus

Finextra

Digital asset infrastructure firm Taurus has fully integrated with fellow Swiss vendor Temenos, enabling banks to create and manage crypto wallets as well as transfer a wide range of digital assets directly from within their installed core banking software.

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Two Clicks and Purchased: PayU Brings Payment Simplicity to Colombia With Google Pay Integration

The Fintech Times

Merchants utilising PayU , the online payment gateway, will now be able to offer their customers a greater payment experience as PayU integrates Google Pay (GPay) into its offering. The new Google Pay integration comes at just the right time as mobile payments are on the rise in Latin America. In fact, the payment method is set to grow by 22 per cent annually, with digital wallets also set to grow by 30 per cent at the same time.

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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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BVNK secures USD 50 million in Series B funding

The Paypers

BVNK , a provider of stablecoin payments infrastructure, has completed a USD 50 million Series B funding round.

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Vertical Data and Hodler Investments Join Forces to Advance MEA Data Centre Market

The Fintech Times

Aiming to advance modular and portable data centre solutions in the UAE, UAE Hodler Investments , the UAE-based investment company headquartered in Dubai, has partnered with Vertical Data, the independent distributor of data centre infrastructure solutions. By working together, the two firms will look to enable faster, more secure and highly efficient AI-driven computing.

AI 64
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New Zealend reduces merchant service fees for card payments

Finextra

New Zealand's Commerce Commission has issued a draft decision to reduce fees paid by Kiwi businesses for accepting Visa and Mastercard payments.

Visa 59
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What is Geolocation-Based Fraud Prevention?

Fi911

Geolocation is the process of identifying the geographic location of a device, user, or object using data such as GPS coordinates, IP address, Wi-Fi positioning, or cell tower triangulation. This technology enables devices to determine their exact location in real time, which is commonly utilized in applications like navigation, location-based services, and geotagging.

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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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Tech entrepreneur found guilty of murder of Cash App founder Bob Lee

Finextra

A tech enrepreneur has been found guilty of second-degree murder in the fatal stabbing of Cash App founder Bob Lee.

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What Is a Clearinghouse and How Does It Facilitate Safe Transactions?

EBizCharge

With transactions occurring every second, the need for a reliable mechanism to facilitate these exchanges becomes increasingly important. This is where a financial clearinghouse acts as an intermediary to ensure smooth transactions between parties. This article will explore what clearinghouses are, their primary functions, and how they facilitate safe transactions.

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Trustly Launches Partnership With BRP Systems – Building Momentum in Fitness & Wellness Market

Fintech Finance

Trustly , the global leader in Open Banking Payments, has partnered with BRP Systems, a leading provider of enterprise software and digital services for the fitness & wellness market. Based in Sweden, BRP Systems is the leading software provider for fitness and wellness brands in the Nordics. With a strong presence in the region, BRP serves more than 2,500 facilities and supports over 3.5 million end users.

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KEO World Collaborates With AMEX to Help Businesses in Brazil Digitise B2B Invoice Payments

The Fintech Times

KEO World , a fintech specialising in B2B digital payments and inventory financing, is expanding its operations to Brazil in partnership with BTG Pactual Bank SA , one of the largest investment banks in Latin America. Through the new partnership, KEO will collaborate with the American Express Business Link Platform, helping thousands of medium and large businesses in Brazil digitise their B2B invoice payments.

B2B 59
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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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6 Ways the AI Boom is Transforming Cash Flow Management for Small Business Owners

Finextra

Were in the midst of an artificial intelligence boom thats set to transform business ownership fro.

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Wire Transfers: Secure, Fast, and Reliable B2B Payments

Paystand

Table of Contents What is a Wire Transfer? What are the Different Types of Wire Transfers? How Does a Wire Transfer Work? How Safe Are Wire Transfers? What are the Disadvantages of Wire Transfers?

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Sponsor's message: [Webinar] Money Mule Defence: Practical Applications and the Role of Technology

Finextra

What are the challenges of detecting the activities of mules and the need for continuous monitoring at different stages, such as onboarding or transacting?