Payments Dive

DECEMBER 5, 2023

The AlphV ransomware group claimed responsibility for the attack on Saturday and threatened to extort the business payments company's customers with allegedly stolen data.

Ransomware 158

Ransomware Business Payments Payments 158

The Fintech Times

DECEMBER 5, 2023

Hub71 , Abu Dhabi’s tech ecosystem, has officially launched ‘Hub71+ ClimateTech’, a new ecosystem supporting startups worldwide that are advancing the development and deployment of sustainable decarbonisation technologies for a net zero future. Announced during the 28th UN Climate Change Conference of the Parties ( COP28 ), Hub71+ ClimateTech has launched alongside several founding and anchor partners committed to carbon reduction technologies and fostering innovative regulatory fram

Enrollments 111

Enrollments Innovation Funds Availability Technology 111

The Payments Association

DECEMBER 5, 2023

Key Takeaways Phase 1 — Regulation of fiat-backed stablecoins The issuance and custody of fiat-backed stablecoins in or from the UK will be subject to regulatory authorisation requirements under the […] Read more

Stablecoins 88

Stablecoins Regulations Digital Currency 88

The Fintech Times

DECEMBER 5, 2023

Saudi Arabia’s fintech sector continues to make significant progress and has hit several milestones as it aims to become a leading global fintech hub. To learn more about the upward trajectory of fintech across the Kingdom, The Fintech Times made its way to Riyadh, the capital and financial centre of Saudi Arabia to speak to key individuals who have already positioned themselves at the heart of change.

FinTech 110

FinTech Central Bank Economy Digital Currency 110

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

Payments Dive

DECEMBER 5, 2023

The Federal Trade Commission is scheduled to hear from six industry organizations concerned about a proposed rule that would crack down on automatically renewing subscriptions.

Federal Trade Commission 88

Federal Trade Commission Rules FTC 88

Fintech News

DECEMBER 5, 2023

The ISC2 SECURE Asia Pacific 2023 kicks off today at the Marina Bay Sands Convention Centre in Singapore. Organized by ISC2, a global leader in certified cybersecurity professional networks, the event is set to tackle pressing cybersecurity challenges in the Asia Pacific region and globally. The two-day conference, running from 6-7 December, brings together an array of over 30 expert speakers to address topics such as artificial intelligence in cyber defense, cloud security, ransomware, and the

Cybersecurity 104

Cybersecurity Security Ransomware Addressing 104

Fi911

DECEMBER 5, 2023

For banking professionals, it’s important to recognize the severe impact of high chargeback levels on merchants, a challenge that continues to escalate. In 2021, global chargeback volume exceeded 600 million cases. And, disputes are anticipated to result in almost $117 billion in annual losses in 2023. This trend poses significant risks to the stability of merchant businesses.

Visa 94

Visa Disputes Non-Bank Risk 94

Payments Dive

DECEMBER 5, 2023

The growth rate in the number of shoppers downloading buy now, pay later apps shrunk for this year's Thanksgiving shopping weekend compared to 2022.

BNPL 97

BNPL 97

Fintech News

DECEMBER 5, 2023

The Bank Indonesia (BI) and Central Bank of the United Arab Emirates (CBUAE) have signed a Memorandum of Understanding (MOU) to enhance collaboration in various central banking sectors, including Islamic finance. This agreement, signed by BI Governor Perry Warjiyo and CBUAE Governor Khaled Mohamed Balama, builds on a 2021 pact focusing on payment systems and digital financial innovation.

Central Bank 104

Central Bank Innovation Finance Money Laundering 104

NFCW

DECEMBER 5, 2023

SNACKSTATION: The coaster’s NFC tag and QR code give customers access to a new snack menu Bangalore-based food delivery service Swiggy Instamart in India has launched a promotional drinks coaster equipped with NFC and a QR code that enables consumers to access a selection of snacks and beverages by tapping or scanning it with their mobile device.

AI 92

AI Product Consumer 92

Advertisement

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?

Use Case

Fintech News

DECEMBER 5, 2023

Singapore-based multi-currency e-wallet YouTrip now allows Android users to integrate their YouTrip cards with Google Wallet to facilitate easy and secure payments. This move follows YouTrip’s earlier integration with Apple Pay back in August in a bid to offer a more streamlined payment experience to its users. With this new partnership with Google Pay , Android users can immediately add their virtual YouTrip card to their Google Wallet.

Contactless Payments 102

Contactless Payments Multi-Currency Participant Facilitators 102

Finextra

DECEMBER 5, 2023

Denmark is withdrawing older banknotes from circulation because few people recognise them and feel confident about receiving them. In addition, the country is ditching its largest denomination note, the 1000-krone, citing lack of usage and money laundering concerns.

Money Laundering 92

Money Laundering 92

Fintech News

DECEMBER 5, 2023

Cryptocurrency exchange Coinbase has upgraded its Wallet service, introducing features that significantly simplify and accelerate the process of sending money globally. This enhancement enables users to transfer funds via a variety of platforms, including widely-used messaging apps like WhatsApp, iMessage, Telegram, and popular social media platforms such as Facebook, Snapchat, TikTok, and Instagram, in addition to email.

Wire Transfer 98

Wire Transfer Wire Wires Cryptocurrency 98

NFCW

DECEMBER 5, 2023

ID CHECK: Customers scan their passport’s NFC chip to verify their identity when opening an account ID CHECK: Customers scan their passport’s NFC chip to verify their identity when opening an account ID CHECK: Customers scan their passport’s NFC chip to verify their identity when opening an account UK consumers applying to open an account with Lloyds Bank via the bank’s mobile app can now verify their identity and upload key personal data to support their application by scannin

Mobile Banking 86

Mobile Banking CHIPS Interoperability Checks 86

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 News

DECEMBER 5, 2023

OCBC Bank’s foray into artificial intelligence, spearheaded by Donald MacDonald, OCBC’s Head of Group Data Office, signifies a pivotal moment in the bank’s technological evolution. The recent introduction of OCBC GPT, its AI chatbot powered by Microsoft’s OpenAI, showcased the bank’s commitment to harnessing generative AI productivity tools for operational efficiency and employee productivity.

AI 96

AI SWIFT OCC Risk Management 96

Payments Dive

DECEMBER 5, 2023

Guests spent 7.3% more on restaurant gift cards during the Thanksgiving weekend compared to the same period in 2022, according to Paytronix data.

78

78

PayPal

DECEMBER 5, 2023

Funding will propel Mine's mission to redefine data privacy and governance management for companies globally.

PayPal 98

PayPal Privacy Government Governance 98

Fintech News

DECEMBER 5, 2023

The Asian Development Bank (ADB), the Global Energy Alliance for People and Planet (GEAPP), and the Monetary Authority of Singapore (MAS) aim to mobilise up to US$2 billion in mixed concessional and commercial capital to accelerate the energy transition in Asia. With Asia’s growing energy demand driven by economic growth, demographic changes, and urbanisation, and with 85% of its energy derived from fossil fuels, there is an urgent need for a shift to renewable energy.

APACS 92

APACS Finance Authorization On-Demand 92

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

Bank Automation

DECEMBER 5, 2023

Banks using generative artificial intelligence tools could boost their earnings by as much as $340 billion annually through increased productivity, according to consultants hoping to help the industry adapt in this fast-moving area. This would amount to a 9% to 15% increase in operating profits, according to a McKinsey Global Institute report published Tuesday.

AI 78

AI Consulting Product 78

Payments Dive

DECEMBER 5, 2023

The funding boost comes as data privacy management startup Mine seeks to increase its hiring in the U.S.

Privacy 88

Privacy PayPal 88

Bank Automation

DECEMBER 5, 2023

Financial institutions are looking to AI to fight fraud, but fraudsters are using the same technology to up their attacks. “Generative AI has become a game-changer for fraudsters,” Alex Tonello, chief revenue officer at risk intelligence platform Trustfull, tells Bank Automation News on this episode of “The Buzz” podcast.

AI 78

AI Financial Crimes Crime Automation 78

Finextra

DECEMBER 5, 2023

Banks and Acquirers adapting to the digital frontier To say things have changed in payments, and, as a result, the merchants services space is to understate a dramatic and fast-moving digital and cultural evolution that has driven such change. Digital transformation strategies now need to be framed around this rapidly paced market involving multiple payment methods, and hence, ever smarter paym.

Acquirers 76

Acquirers Payments 76

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

Fintech Finance

DECEMBER 5, 2023

Empeon , the enterprise-grade Human Capital Management (HCM) platform for health systems, is partnering with Tapcheck , a prominent and award-winning provider of financial wellness solutions, to provide on-demand, same-day pay offerings to Empeon customers of all sizes, from SMBs to Enterprise. Empeon anticipates this partnership will provide financial flexibility for countless employees nationwide.

On-Demand 64

On-Demand Payroll Automation Product 64

Finextra

DECEMBER 5, 2023

Buy now pay later giant Klarna has selected Adyen as a global acquiring partner, responsible for collecting card-based payments from customers and their banks, and then delivering them to retailers and merchants - both in-person and online.

Acquirers 71

Acquirers Payments 71

Finovate

DECEMBER 5, 2023

Qatar’s leading digital bank, Qatar Islamic Bank (QIB) has teamed up with Visa and sustainability-as-a-service innovator ecolytiq to help customers better understand the environmental impact of their financial activity. “This partnership marks a monumental shift in the market,” ecolytiq co-founder and Managing Director Davis Lais said. “Climate engagement in banking is coming to Qatar.” Courtesy of the partnership, QIB will integrate a new Carbon Emission Tracker fe

Innovation 59

Innovation Risk Management ATM Risk 59

The Fintech Times

DECEMBER 5, 2023

Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 5 December 2023. Partnerships CODIX, a global software provider, has entered a strategic partnership with Lenvi, a fintech specialising in B2B consumer and commercial lending software and solutions. This collaboration aims to empower finance firms and fintech companies in identifying fraud trends and meeting compliance requirements.

FinTech 59

FinTech Non-Bank AI B2B 59

Advertisement

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

Finovate

DECEMBER 5, 2023

Financial crime and AML specialist Refine Intelligence has raised $13 million in funding. The round was led by Glilot Capital Partners and Fin Capital. The capital will be used to fuel international expansion. Refine Intelligence made its Finovate debut at FinovateEurope earlier this year in London. Financial crime solution provider Refine Intelligence has secured an investment of $13 million.

AML 59

AML Financial Crimes Crime Money Laundering 59

The Fintech Times

DECEMBER 5, 2023

It’s a time of reflection and anticipation at The Fintech Times throughout December, as we look back at developments and trends over the last 12 months and forward to the year ahead. We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024.

B2B 59

B2B On-Demand Automation Innovation 59

The Paypers

DECEMBER 5, 2023

New Zealand-based Kiwibank has announced the introduction of Apple Pay to provide its customers with convenience and accessibility.

74

74

Finovate

DECEMBER 5, 2023

Adyen and Klarna are extending their partnership, with Adyen agreeing to serve as the acquiring bank for Klarna. The two fintechs first partnered ten years ago, when Adyen started offering Klarna’s buy now, pay later technology to its customers. Klarna has evolved from BNPL into a shopping marketplace and currently hosts 500,000 merchants on its platform marketing to 150 million shoppers who transact two million times each day.

Acquirers 52

Acquirers BNPL Embedded Payments Risk Management 52

Advertisement

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