Payments Dive
FEBRUARY 21, 2024
While both Mastercard and Visa will be impacted by Discover Financial Services’ plan to be acquired by card issuer Capital One, the former is likely to bear the brunt of the blow.
VISTA InfoSec
FEBRUARY 21, 2024
Welcome back to our ongoing series on the Payment Card Industry Data Security Standard (PCI DSS) requirements. Having covered the first six requirements in detail, we now turn our attention to Requirement 7. This requirement is a critical component of the PCI DSS that has undergone significant changes from version 3.2.1 to the latest version 4.0. Requirement 7 focuses on implementing strong access control measures.
Finextra
FEBRUARY 21, 2024
The Monetary Authority of Singapore has told the country's financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing.
The Fintech Times
FEBRUARY 21, 2024
The need and desire for fraud protection has evolved. Once simply viewed as a necessary overhead, good fraud prevention measures are now a very strong way of obtaining new customers and keeping existing ones. In fact, nearly three in four consumers (73 per cent) rank good fraud protection as a top three consideration when opening a new account according to FICO research.
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
The Payments Association
FEBRUARY 21, 2024
As the pace and scope of cross-border payments continue to accelerate, it’s becoming increasingly clear that the payment industry’s approach to compliance must also evolve—and take centre stage.
Stax
FEBRUARY 21, 2024
“A man who stops advertising to save money is like a man who stops a clock to save time,” – Henry Ford In 1913, Henry Ford brought the assembly line to the automobile industry, because he knew that prioritizing efficiency in his plants would make him more profitable. And it worked; the Model-T was the most-produced car in the world until 1975.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
FEBRUARY 21, 2024
Three of Singapore’s leading banks have announced substantial financial aid packages in a move to support junior employees during times of economic inflation. This initiative, kick-started by DBS, followed by OCBC, and then UOB, is in response to the latest guidelines issued by Singapore’s National Wages Council. The aim is to alleviate the financial pressures faced by lower-income employees due to the rising cost of living.
Payments Dive
FEBRUARY 21, 2024
While the $35 billion acquisition is expected to prompt antitrust concerns related to consumer card lending, regulators may see competition benefits in the card network arena.
Fintech News
FEBRUARY 21, 2024
The Indonesian Financial Services Authority (OJK) is closely monitoring Investree , a fintech peer-to-peer lending platform, following public reports of potential operational and consumer protection violations. The regulator is conducting an in-depth investigation through direct examinations of Investree, responding to recent concerns raised by the public.
Fintech Review
FEBRUARY 21, 2024
In the ever-evolving world of fintech, where technology meets finance, the competition is fierce. New startups emerge daily, each promising revolutionary solutions. However, many of these businesses fade away, and one primary reason is their failure to achieve a pivotal business milestone: product-market fit. Let’s delve into why product-market fit is vital in fintech, ensuring startups not only survive but thrive in this dynamic industry.
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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 News
FEBRUARY 21, 2024
The Monetary Authority of Singapore’s (MAS) legislative reform initiative, encapsulated in the Financial Institutions (Miscellaneous Amendments) Bill (FIMA Bill), signifies a strategic overhaul aimed at enhancing the regulatory and enforcement framework governing Singapore’s financial sector. This move is indicative of MAS commitment to fortifying the integrity and resilience of the local financial ecosystem, particularly in an era where digital innovation and fintech are reshaping t
Segpay
FEBRUARY 21, 2024
5 minute read In recent years, generative artificial intelligence (generative AI) has emerged as a powerful force reshaping various industries. This transformative technology, characterized by its ability to create content autonomously, is poised to revolutionize how businesses operate, interact with customers, and secure sensitive information. What is Generative AI?
Fintech News
FEBRUARY 21, 2024
The Monetary Authority of Singapore (MAS) has cautioned financial institutions on the cybersecurity vulnerabilities introduced by the advent of quantum computing. Quantum computers, which leverage the principles of quantum mechanics, promise to revolutionise various industries by processing certain mathematical problems much faster than today’s computers.
Finextra
FEBRUARY 21, 2024
The European Central Bank is warning banks that their management of outsourcing risk must improve, with a stringent focus on the processing of personal data.
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
FEBRUARY 21, 2024
Fintech investment platform Helicap and Bank Danamon have partnered to to support the fintech industry in Indonesia. Both entities aim to provide comprehensive growth capital solutions to fintech and alternative lending firms as well as micro, small, and medium-sized enterprises (MSMEs) across various industries including supply chain, leasing, and e-commerce.
Bank Automation
FEBRUARY 21, 2024
U.S. Bank is using technology company Pagaya to leverage its AI-driven underwriting for personal loans to consumers. Pagaya’s AI-powered credit decisioning platform will conduct a secondary review for consumers who are usually locked out of the credit market, according to the bank’s Feb. 15 release. Pagaya provides U.S.
Fintech News
FEBRUARY 21, 2024
In the ever-evolving cryptocurrency market landscape, 2023 marked a pivotal year that saw significant shifts in the nature and scope of illicit activities. The report by Chainalysis provides a deep dive into these changes, highlighting the decline in certain types of crypto crimes and the persistence, if not growth, of others, such as ransomware and darknet markets.
Bank Automation
FEBRUARY 21, 2024
HSBC plans to increase spending in 2024 as the bank invests in technology and its people. Costs are expected to grow to $31.2 billion, up 5% compared to 2023 due to higher technology spend and an increase in staff compensation, according to the bank’s fourth-quarter 2023 earnings release.
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 News
FEBRUARY 21, 2024
Software as a service (SaaS) is a significant part of the global software market, making up one-third of it, and is making an impact across various industries, including payments. New fintech companies leverage SaaS for swift product launches without significant initial infrastructure investments or compliance-related delays. Established players are embracing SaaS to quickly launch products and services without disrupting existing operations.
Bank Automation
FEBRUARY 21, 2024
Allison Baller, Federal Reserve Bank of Boston vice president and head of industry readiness for FedNow, will speak at Bank Automation Summit U.S. 2024. Baller will join the panel “Strategies for automating real-time payment processes” on Tuesday, March 19, at 3 p.m. CT.
Fintech News
FEBRUARY 21, 2024
The Climate Impact X (CIX) , a global marketplace and exchange for quality carbon credits, has secured an additional S$30 million (US$22.3 million) in funding, as revealed by regulatory filings accessed by DealStreetAsia. This recent investment round was led by Mizuho with S$20 million and joined by its existing investors Standard Chartered Bank, DBS Bank, and the Singapore Exchange (SGX).
Chargebee
FEBRUARY 21, 2024
As a business owner, keeping your financial records organized and up-to-date is essential for making informed decisions and staying on top of your company’s finances. If your business uses Stripe as a payment processor and QuickBooks for accounting, you may have experienced the challenge of manually entering transaction data into QuickBooks. However, this tedious task can be eliminated with the integration of Stripe and QuickBooks.
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.
Finovate
FEBRUARY 21, 2024
Reconciliation and reporting platform Kani Payments has forged a strategic partnership with core banking platform Pismo. The partnership will make Kani’s SaaS platform available to Pismo’s bank, marketplace, and fintech clients. Kani Payments made its Finovate debut last year at FinovateSpring in San Francisco. U.K.-based reconciliation and reporting platform Kani has forged a strategic partnership with Pismo, an issuer processor and core banking platform headquartered in Brazil.
Finextra
FEBRUARY 21, 2024
UK financial crime RegTech Napier AI has landed £45m in backing from US-based Crestline Investors.
Finovate
FEBRUARY 21, 2024
The National Payments Corporation of India (NPCI) launched the country’s Unified Payments Interface (UPI) in 2016 to serve as a real-time payments system to facilitate peer-to-peer and person-to-merchant transactions via mobile phones. Since then, the payments infrastructure has seen massive growth, having reached its peak in December of last year, when it surpassed 12 billion transactions worth $220 billion (Rs 18.23 trillion) in the single month.
The Fintech Times
FEBRUARY 21, 2024
Welsh fintech is poised for a new chapter as FinTech Wales announces Sarah Kocianski as its new CEO. The fintech and insurtech strategist has revealed plans to “do even more” to drive Welsh fintech to international prominence. Kocianski will officially join FinTech Wales as CEO from 1 March – St David’s Day – taking the reins from outgoing CEO Sarah Williams-Gardener.
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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.
Finovate
FEBRUARY 21, 2024
Q2 is leveraging Bits of Stock’s technology to help its financial institution clients reward their customers with fractional shares of stock. The partnership was made possible through the Q2 Partner Accelerator Program , which makes it easy for fintechs to reach Q2’s financial institution clients. Bits of Stock showcased its rewards platform alongside its client OMB Bank at FinovateFall last year.
Stripe
FEBRUARY 21, 2024
The rise of direct-to-consumer sales, subscription models, and connected car services have made payments and financial infrastructure key differentiators for auto brands. Leading auto companies are partnering with Stripe to better serve their customers and find new revenue opportunities.
Finextra
FEBRUARY 21, 2024
Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech providing seamless banking and payments services to consumers and businesses, announced a new partnership with Dayforce, Inc. (NYSE: DAY; TSX: DAY).
Open Bank Project Blog
FEBRUARY 21, 2024
Hello! Hallo! ¡Hola! and 你好 This blog post is about enabling a software stack for multiple language support. We’ll be using an example from The Open Bank Project, the open-source API platform for banks and fintechs that enables them to publish open banking and related application programming interfaces, or “APIs” for short. TESOBE first shared its ideas for the “Open Bank Project” at an EU IT conference in Berlin back in February 2010.
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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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