VISTA InfoSec
JUNE 19, 2024
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.
Open Banking Excellence
JUNE 19, 2024
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.
VISTA InfoSec
JUNE 19, 2024
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.
Finextra
JUNE 19, 2024
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.
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
Fintech Finance
JUNE 19, 2024
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.
The Payments Association
JUNE 19, 2024
The new APP fraud reimbursement policy mandates up to £415,000 per claim from October 2024, raising industry concerns over its implementation and impact on smaller fintech firms.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finextra
JUNE 19, 2024
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
Fintech News
JUNE 19, 2024
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
Paystand
JUNE 19, 2024
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.
Fintech News
JUNE 19, 2024
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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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?
Fintech Finance
JUNE 19, 2024
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.
Fintech News
JUNE 19, 2024
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.
Fintech Finance
JUNE 19, 2024
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.
Fintech News
JUNE 19, 2024
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.
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
The Payments Association
JUNE 19, 2024
Key findings from Cifas highlights the rising threat of identity fraud and the need for advanced, collaborative solutions.
Fintech News
JUNE 19, 2024
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.
Fintech Finance
JUNE 19, 2024
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.
Fintech News
JUNE 19, 2024
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
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.
Fintech Finance
JUNE 19, 2024
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.
Finextra
JUNE 19, 2024
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.
Fintech Finance
JUNE 19, 2024
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.
Finextra
JUNE 19, 2024
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.
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.
The Fintech Times
JUNE 19, 2024
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
Finextra
JUNE 19, 2024
Millions of Vipps and MobilePay users can now send person to person payments between Denmark, Norway and Finland using only a phone number.
PayXpert
JUNE 19, 2024
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).
Finextra
JUNE 19, 2024
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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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.
The Fintech Times
JUNE 19, 2024
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.
Finextra
JUNE 19, 2024
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).
The Fintech Times
JUNE 19, 2024
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.
Finextra
JUNE 19, 2024
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, announced a strategic collaboration with DIFC Innovation Hub, home to the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, to accelerate FinTech adoption.
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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.
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