Wed.Jun 19, 2024

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Understanding the Cyber Risks in Video Communication

VISTA InfoSec

With the surge in remote work and virtual meetings, video communication is crucial for businesses and individuals. However, this convenience comes with significant cyber risks that can compromise sensitive information and privacy. Therefore, this article explores the common cyber threats in video communication and provides strategies to mitigate them.

Risk 277
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People taking their pension as a lump sum may be missing out – here’s how to avoid

Open Banking Excellence

Almost 60 percent of pension pots are taken in one go as a cash lump sum, according to new research. In sectors where many people work part-time and therefore have lower savings, this can even be around 90 percent, according to the latest retirement data from the Financial Conduct Authority (FCA) But those taking the money all at once may be losing out on various benefits and even be pushed into higher tax brackets.

Non-Bank 130
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Data Disaster: Los Angeles Public Health Department Suffers Biggest Data Breach

VISTA InfoSec

On June 17, 2024, the Los Angeles County Department of Public Health (DPH) disclosed a data breach impacting more than 200,000 clients, employees, and other individuals. The stolen data includes personal, medical and financial information. The DPH said the incident took place between February 19-20, 2024, was caused by a gang of cyber criminals who gained access to the log-in credentials of email accounts of 53 employees through a phishing email.

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Banking with Responsible and Generative AI

Finextra

Join FinextraTV as we talk with Ermes Dajko, Senior Cloud Solutions Architect at Temenos, about the transformative impact of generative AI in banking. Discover how Gen AI is revolutionising decision-making processes with practical use cases. Ermes also delves into compliance strategies, discussing how banks can ensure responsible AI usage while navigating regulatory requirements.

AI 119
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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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Open Banking Could Become a Mainstream Payment Method in 5 Years Time Surpassing BNPL, emerchantpay Research Finds

Fintech Finance

New research released today by emerchantpay , a leading global payment service provider and acquirer, has found that there is strong market potential for merchants who prioritise the adoption of Open Banking payments early in their payment strategies. The survey of UK consumers found that one in two people are unknowingly using this payment method during checkout, with more than half (51%) of the UK population being unfamiliar with the term Open Banking.

BNPL 123
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Cogo Enables ING Customers to View CO2 Emissions of Spending in Mobile Banking App

The Fintech Times

In a move to work towards a more sustainable financial and environmental future, ING Nederland , the financial service provider headquartered in Amsterdam, is partnering with Cogo , a carbon footprint management firm. Together, the two organisations are enabling customers of the bank to see the environmental impact of their spending. Step by step, all private customers can see the CO2 emissions of their expenses in the ING Mobile Banking App, thanks to Footprint Insight functionality from Cogo.

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EBAday 2024: Possibilities and boundaries of the OCT Inst scheme

Finextra

Moderating the last panel of the first day of EBAday, Rita Camporeale, vice chair of the European Payments Council led a conversation on the OCT Inst scheme with Daniele Astarita, principal solution consultant of real time payments at ACI Worldwide; Damien Godderis, head of payments industry engagement - payments & receivables - cash management at BNP Paribas; Xavier Herrero, manager operations groups at CaixaBank; and Michael Knetsch, tribe lead instant payments, cash management at Deutsche Ban

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Indonesia’s Digital Bank Superbank Now Available on Grab

Fintech News

Indonesian digital bank Superbank has officially launched its services on the Grab superapp, enabling users and partners to open bank accounts and utilize them directly for Grab services without needing an additional app. This integration aims to simplify financial transactions for Grab’s extensive user base, as reported by DealStreetAsia. Superbank offers a 6% annual interest on savings with flexible withdrawal options, and a 75% discount on GrabFood and GrabBike services along with exclu

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Nationwide Customer Data Shows Home and Away Footy Spend Soars as Euro’s Kick Off in Germany

Fintech Finance

As football fever grips the nation, supporters are showing their passion not just through enthusiastic support but through increased spending at home and abroad. Nationwide Customer Data from Nationwide’s Spending Report, which analyses current account and credit card spending, highlights customers spent £420,341 in Germany at the weekend (15/16 June) – a 140 per cent increase when compared to the same weekend a month earlier.

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Streamlining Payments: Enhance Efficiency & Reduce Errors

Paystand

Streamlining payment processes is essential for businesses looking to enhance efficiency and reduce errors. Simply transferring manual processes from paper to the cloud is insufficient. Businesses need capabilities beyond basic digital transitions to optimize payments.

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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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Finastra Bolsters Compliance Offerings with Sumsub Integration

Fintech News

Sumsub, a global verification platform, has joined forces with financial software provider Finastra to enhance compliance processes for financial institutions worldwide. This partnership will integrate Sumsub ‘s verification and anti-fraud solutions with Finastra’s financial software, benefiting the latter’s 8,500 clients globally.

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Monavate and Know Your Customer Collaborate to Reinvent Compliance Across the European Payment Solutions

Fintech Finance

Monavate , a prominent provider of payment solutions, has joined forces with Know Your Customer, a global leader in business KYC verification. Together, they aim to revolutionise the European payment solutions sector by redefining compliance processes, elevating customer onboarding experiences, and cultivating trust within the digital payment ecosystem.

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‘Airwallex for Startups’ Accelerator Expands to Singapore

Fintech News

Global payments firm Airwallex has introduced its ‘Airwallex for Startups’ programme in Singapore, aiming to bolster the local startup ecosystem. Following successful launches in Hong Kong and Australia, the Airwallex for Startups programme in Singapore seeks to assist over 55,000 startups with growth and scaling. The programme provides startups with essential tools to manage finances effectively from the outset and fosters connections within the business ecosystem.

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FreedomPay Partners with Global Nonprofit, Cancer Support Community to Launch Donation on Device, Facilitating Seamless Charitable Giving

Fintech Finance

FreedomPay , the global leader in Next Level Commerce , has long been committed to contributing its technical expertise and innovative spirit to support impactful charitable organizations. Consistent with that commitment, they have dedicated their resources to develop Donation on Device, a new platform functionality that enables charitable donations right at the point-of-sale, driving increased donations and awareness of charities that are making a difference in individual lives and communities.

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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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StraitsX is Bringing Real-World Stablecoins to the Singapore Mainstream

Fintech News

Stablecoins have been rising in conversation within the financial ecosystem of Singapore. Be it central bank digital currencies (CBDCs), a tokenised digital Singapore Dollar, or various initiatives backed by governmental regulators, stablecoins are one of the more pivotal developments in the world of cryptocurrencies and blockchain technology. As the name implies, stablecoins are digital assets designed to maintain a stable value relative to a reference asset, such as the US Dollar or gold.

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Fighting back: Strategies to combat identity fraud

The Payments Association

Key findings from Cifas highlights the rising threat of identity fraud and the need for advanced, collaborative solutions.

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HSBC Singapore Opens First of Three Planned Wealth Centres

Fintech News

HSBC Singapore has unveiled its new Wealth Centre , located on the ground floor of Marina Bay Financial Centre Tower 2. This marks the first of three planned wealth centres that HSBC intends to establish in Singapore by early 2025. The centre is a key part of HSBC’s broader strategy to expand its wealth business in Singapore, focusing on the growing affluent segment.

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TerraPay and Thredd Partner to Build the Next Generation of Payment Solutions and Money Movement for Global Travel Providers

Fintech Finance

TerraPay , a global leader in money movement, has chosen Thredd , a next-generation global payments platform, to power virtual card payments for global suppliers. This strategic partnership aims to develop payment solutions within the travel industry, offering seamless, secure, and compliant virtual card services to intermediaries as part of TerraPay’s cross-border money movement network.

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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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NAB Ventures Takes Stake in Digital Asset Custodian Zodia Custody

Fintech News

Zodia Custody, a digital asset custodian backed by major banks, has secured an equity stake investment from NAB Ventures , the venture arm of National Australia Bank (NAB). The sum was not disclosed. This investment sees NAB joining Zodia Custody ‘s other major financial backers such as Standard Chartered, Northern Trust, and SBI Holdings. NAB Ventures’ involvement underscores the potential Zodia Custody holds in providing a secure foundation for the digital asset ecosystem both in A

APACS 92
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Corpay to Acquire Cross-Border Payments Company

Fintech Finance

Corpay, Inc. (NYSE: CPAY), a global corporate payments company, today announced that it has signed a definitive agreement to acquire GPS Capital Markets , LLC. GPS provides business-to-business cross-border and treasury management solutions to upper middle market companies, primarily in the US. The transaction is expected to close in early 2025, subject to regulatory approval and standard closing conditions.

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Ageras to acquire French fintech Shine from Societe Generale

Finextra

Danish accounting software fintech Ageras has entered into an exclusive agreement with Societe Generale to acquire Shine, a provider of banking and accounting software for SMEs.

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How the UAE’s Stablecoin Decision Could Impact Local Businesses, Crypto and a Future CBDC

The Fintech Times

The Central Bank of the United Arab Emirates (CBUAE) has approved new regulations for stablecoins, enabling it to integrate Dirham-backed digital currencies into its financial ecosystem. A new system has now been issued in the UAE which will license and oversee stablecoins, following approval by the board of directors at the CBUAE. The decision also aligns with the UAE’s Financial Infrastructure Transformation (FIT) programme, which it launched in February 2023 to make the nation more comp

CBDC 67
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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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Danske Bank adds sustainable investment insights to mobile app

Finextra

Danske Bank has addded a new feature to its mobile app that gives customers a clear insight into how many sustainable investments they have in their portfolio.

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The Phenomenon of Chinese Key Opinion Leaders (KOLs): A New Force in E-commerce?

PayXpert

China has one of the most developed social media ecosystems. It is the world's largest social media market, with an immense online population and an incredibly rich and diverse online landscape. Hundreds of millions of users are actively engaged on social media, e-commerce, and content-sharing platforms. This vast user base provides fertile ground for the rise of Key Opinion Leaders (KOLs).

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Vipps MobilePay launches P2P payments between Denmark, Norway and Finland

Finextra

Millions of Vipps and MobilePay users can now send person to person payments between Denmark, Norway and Finland using only a phone number.

P2P 78
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First Abu Dhabi Bank Integrates Fenergo CLM Solution to Enhance Client Onboarding and AML Compliance

The Fintech Times

UAE-based bank, First Abu Dhabi Bank , has integrated a client lifecycle management (CLM) solution from Fenergo , the Know Your Customer (KYC), CLM and transaction monitoring digital solutions provider. By leveraging the Fenergo software-as-a-solution solution, First Abu Dhabi Bank hopes to speed up client onboarding and enhance its anti-money laundering ( AML ) compliance processes.

AML 57
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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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Commerzbank taps Pliant to launch digital card for SMEs

Finextra

Berlin-based corporate card platform Pliant has secured a deal with Commerzbank for the delivery of a fully digital credit card for business customers.

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Firstrade Unveils AI Investment Tool to Help Retail Traders Stay Competitive

The Fintech Times

Firstrade , an online trading firm, has launched ‘FirstradeGPT’ a new research and analysis AI tool for investors looking to make faster and more informed financial decisions. FirstradeGPT is an AI tool trained on in-depth data on global equities and business-specific KPIs, providing Firstrade clients with access to AI -driven insights, research, in-depth analysis, and data visualisation enabling them to streamline their investment research and find their trade ideas faster.

AI 57
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Zilch secures £100 million financing deal

Finextra

With one eye on an IPO in 2025, London-based buy now, pay later firm Zilch has secured £100 million in securitised debt financing arranged by Deutsche Bank (DB).

Finance 69
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New EY Fintech Lab in Edinburgh Focuses on Innovation and Collaboration

The Fintech Times

EY has launched its first Scottish fintech lab in Edinburgh to collaborate with startups and scale-ups on innovative sustainable finance solutions, leveraging spatial data to address financial and environmental challenges. The first companies to enter the lab will explore the connection between space science and financial services in a collaboration run by EY, FinTech Scotland as well as Space Scotland.

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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.