Finextra
APRIL 10, 2024
Financial services firms have been hit with $12bn in losses over the last two decades as a result of cyber attacks, according to a recently published report from the International Monetary Fund (IMF).
Bank Automation
APRIL 10, 2024
The shakeup at Truist Financial continues. Truist Financial Chief Information Officer Scott Case has left the Charlotte, N.C.-based bank, a source close to the matter told Bank Automation News. Case took on the role of CIO at Truist in December 2019, according to his LinkedIn profile. He joined Truist through the SunTrust–BB&T merger.
Finextra
APRIL 10, 2024
The Clearing House's Chips private-sector high-value clearing and settlement system has migrated to the ISO 20022 messaging format.
The Fintech Times
APRIL 10, 2024
Research from CB Insights , the business analytics platform, has revealed that global fintech funding in Q1’24 shows worrying trends for the rest of the year. Nonetheless, the industry has shown resilience and many still believe this to be the comeback year for fintech following 2023’s decline – we want to find out why. The research published indicates that since 2021, fintech funding has dropped considerably.
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
Finextra
APRIL 10, 2024
UK high street bank Lloyds Bank is reducing the size of its risk management department because it is seen as a “blocker” to the bank’s “strategic transformation”.
Fintech News
APRIL 10, 2024
The Bank for International Settlements (BIS) has released a report, “Stablecoins: Regulatory Responses to Their Promise of Stability,” analysing the regulatory environments for stablecoins across seven distinct jurisdictions. Authored by Juan Carlos Crisanto , Johannes Ehrentraud , and Denise Garcia Ocampo , this report underscores the increasing prominence of stablecoins in the financial landscape, pointing out their potential to mirror the value of fiat currencies.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
APRIL 10, 2024
The Monetary Authority of Singapore (MAS) and Mastercard have signed a Memorandum of Understanding (MoU) to bolster cybersecurity within the financial services sector. The partnership is built on a foundation of bilateral information sharing of cyber threat intelligence, aiming to enhance cyber situational awareness across the financial services sector.
Basis Theory
APRIL 10, 2024
The subscription model - paying for the use of a product or service on a regular basis, rather than purchasing an item outright - has been around for hundreds of years. Over the last decade, the subscription economy has come to dominate the digital space especially, with even stalwarts like Adobe, Microsoft, and Oracle coming to see the benefit of taking a small fee regularly over time versus getting paid more all at once.
The Fintech Times
APRIL 10, 2024
PXP Financial , the global acquiring, payment, fraud, and data analysis service provider, has received accreditation from Mastercard to become a Token Service Provider. Accreditation was supported by the Mastercard Digital Enablement Service (MDES), a single integrated platform enabling the digitation of supported Mastercard card types. MDES provides PXP Financial with a Secure Card on File tokenisation programme, a better user experience and higher approval rates for merchants leveraging Master
Fi911
APRIL 10, 2024
In the world of banking and online transactions, understanding the nuances between “hard” and “soft” declines can significantly impact how merchants manage their payment processes. This distinction is not just a matter of semantics. It represents different issues within the transaction process that merchants, supported by their banks, need to navigate carefully.
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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?
FloQast
APRIL 10, 2024
July 21, 2021 was the last time I did something like this, so bear with me. A lot has changed in the 900+ days since we announced something like this , but our mission hasn’t. We’re still here to forever elevate accounting. And we do it by calling upon the experiences of the former accountants among us, the professionals who’ve learned the industry inside and out during their time with the company, and, perhaps most importantly: Actual FloQast users who teach us something new every day.
Finextra
APRIL 10, 2024
British-based fintech Revolut has set its sights on Mexico after securing a banking license in the country.
Fintech News
APRIL 10, 2024
Canadian payments firm Nuvei Corporation has secured a Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This allows Nuvei’s Singapore subsidiary, Nuvei Singapore Pte Ltd, to extend its financial services within the region, offering domestic and cross-border money transfers as well as merchant acquisition services.
Payments Dive
APRIL 10, 2024
The bulk of that compensation stems from a major stock grant handed to Alex Chriss when he took the digital payments company’s top post last year.
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
Fintech News
APRIL 10, 2024
Singapore’s sovereign wealth fund Temasek has inaugurated its new office in Paris, marking a significant step in its European expansion strategy. This new Parisian base is part of Temasek’s broader objective to enhance its global network and leverage opportunities across the European Union as well as the Europe, Middle East, and Africa (EMEA) region.
Finextra
APRIL 10, 2024
Over the past few years, Generative Artificial Intelligence, or GenAI, has started to play a major r.
Fintech News
APRIL 10, 2024
Entrust, known for its trusted payment and data security solutions, has finalised its acquisition of identity verification company Onfido. This announcement comes just two months after the negotiations came to light where TechCrunch reported that the deal could be worth “well above US$400 million” although this was not confirmed. This merger brings together Entrust’s security solutions with Onfido’s advanced identity verification technology, aiming to address the growing threats of i
Finextra
APRIL 10, 2024
Joe Garner’s Future of Payment review published in 2023 on behalf of the UK Government reflected the.
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.
Bank Automation
APRIL 10, 2024
European banks are preparing their tech stacks to comply with Instant Payment Regulation, which were set in motion on April 8. The European Parliament and European Council, which provide the foundation for the single euro payments area (SEPA), published the Instant Payment Regulation March 14.
Finovate
APRIL 10, 2024
Dutch-based digital bank bunq has secured $31 million (€29 million) in new funding. The funding announcement came after the company reported a profit of $57 million (€53 million) for 2023. bunq added that it will re-submit its application for a banking license in the U.S. as part of its expansion plans. European digital bank bunq has raised $31 million (€29 million) in new funding.
Bank Automation
APRIL 10, 2024
Digital analytics platform Quantum Metric used Google Cloud’s Gemini Pro to launch its generative AI-powered session summarization tool Felix AI on April 4.
The Fintech Times
APRIL 10, 2024
While digital banks continue to sit at the forefront of innovation and agility in the banking world, traditional banks continue to dominate regarding the number of customers they serve. However, a shift away from legacy banks may be well underway, according to a new study by App Radar and SplitMetrics. In a new study of Google Play Store downloads, App Radar has revealed that digital banking apps have made the biggest user gains in 2023.
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.
Finextra
APRIL 10, 2024
The global insurance industry is turning its attention to the risks posed by cryptocurrencies and digital assets, judging by recent product announcements.
The Fintech Times
APRIL 10, 2024
FinTech Scotland , the industry body boosting the fintech economy in Scotland, is sending a delegation of Scottish fintech firms to New York, in collaboration with the UK Department for Business and Trade (DBT). Led by Nicola Anderson , CEO of FinTech Scotland, the organisation will be joined by representatives from Terrapin , Tindeco , GrandBequest , as well as Broker Insights , to participate in New York Tartan Week and New York FinTech Week, representing the dynamic Scottish fintech sector on
Finextra
APRIL 10, 2024
In a partnership talk, Asia’s fastest unicorn Zyber 365, a company involved in decentralized blockchain technologies, recently joined forces with CashKaro, India's leading cashback platform.
The Fintech Times
APRIL 10, 2024
Kueski , the buy now, pay later (BNPL) and online consumer lender in Latin America, has launched an in-store version of Kueski Pay, which will become available to all consumers by the end of Q2 of 2024, to offer them the ability to complete transactions through the Kueski mobile app, regardless of internet connection, in physical stores. Kueski explained that the launch could have a significant impact in Mexico , as many locals remain unable to access banking services or a reliable internet conn
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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.
Finextra
APRIL 10, 2024
Mastercard has announced a realignment of its teams centered on three interdependent areas of Core Payments, Commercial & New Payment Flows and Services. These changes will enable further alignment to accelerate growth and deliver value for stakeholders.
The Fintech Times
APRIL 10, 2024
While businesses continue to make progress in implementing artificial intelligence (AI) to power customer interactions, a lack of customer data continues to provide serious challenges for progress, new research from Twilio , the customer engagement platform, has revealed. A fifth annual State of Customer Engagement report from Twilio highlights the growing importance of brands disclosing how they use customer data to deliver AI-powered experiences, as well as a disconnect between brands and thei
Finextra
APRIL 10, 2024
M&S and HSBC UK have signed a new agreement that is focused on M&S’ credit offering, payment solutions and bringing together digital payments and loyalty for M&S customers.
Finovate
APRIL 10, 2024
Empower announced plans to acquire Petal for an undisclosed amount. The deal will help Empower expand into the credit card market. Empower also announced it closed the acquisition of Philippines-based consumer credit and lending fintech Cashalo. Empower , a fintech helping to extend credit to underserved consumers, announced plans to acquire underserved credit card provider Petal.
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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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