Payments Dive

FEBRUARY 5, 2024

There are three areas where embedded finance is a good fit, and they are characterized by high volume and frequent payments, writes one industry executive.

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Embedded Payments Embedded Finance Volume Payments 179

The Fintech Times

FEBRUARY 5, 2024

The adoption of digital payments is rapidly developing markets to the point that the value of B2B payments are set to grow by 40 per cent by 2028, from $89trillion in 2024 according to research from Juniper Research , the market research firm. The new market research suite by Juniper Research offers a comprehensive assessment of the B2B payments market.

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Cross-Border Payments Cross-Border ISO 20022 Research 119

Payments Dive

FEBRUARY 5, 2024

Pay-by-bank has been catching on only slowly, and it’s a particularly long shot for showing up at the point-of-sale anytime soon.

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The Fintech Times

FEBRUARY 5, 2024

Most of the fintech industry is made up of startups and SMEs, while most traditional banks have amassed a global reach, and are drastically bigger in practically every respect. Despite this, both parties stand to gain a lot when it comes to partnering with one another. To better understand the role collaboration plays in driving innovation within fintech and banking, we hear from Jackie Toole , vice president of financial services at NTT DATA Services , who offers her expertise on the topic.

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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

FEBRUARY 5, 2024

The company’s customers may experience a drop in quality thanks to EU regulation slated to take effect next month, said Tim Cook, chief executive of the tech giant.

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Regulations 97

The Fintech Times

FEBRUARY 5, 2024

Despite many organisations putting forward a defensive stance that they will never pay out a ransomware attack, research from Cohesity , the AI-powered data and security firm, has revealed that over 97 per cent of UK firms have paid a ransom in the last two years. The research is especially concerning given that many experts expect cyberattacks to increase in 2024.

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Finovate

FEBRUARY 5, 2024

Authentication platform Privakey has launched its Single Sign-On (SSO) solution, Privakey SSO. The new offering enables enterprises to leverage passwordless authentication and authorization. Headquartered in Philadelphia, Pennsylvania, Privakey made its Finovate debut at FinovateFall 2017 in New York. Passwordless authentication solution provider Privakey launched its Single Sign-On (SSO) solution last week.

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Fintech News

FEBRUARY 5, 2024

Singapore’s sovereign wealth fund Temasek has offloaded its entire holdings in PB Fintech, the parent company behind insurance broker PolicyBazaar and consumer credit marketplace PaisaBazaar, according to Mint. This transaction, completed through a block sale, is valued at approximately INR 2,425.4 crore (approximately US$ 292.1 million). Temasek executed the sale via its investment vehicle, Claymore Investments (Mauritius), divesting 24 million shares at a rate of INR 992.8 per share, as per th

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Fintech Finance

FEBRUARY 5, 2024

Ant International , a digital payment and financial services leader dedicated to building an inclusive and sustainable global commerce ecosystem, is expanding its existing partnership with Yapily , the leading European open banking platform to introduce Europe’s first-ever commercial variable recurring payments (VRPs) for e-commerce via Open Banking on mobile payment platforms.

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Mobile Payments Payment Solutions Payments Digital Payments 98

Fintech News

FEBRUARY 5, 2024

Global payments platform Nium has obtained in-principle approval from the Reserve Bank of India (RBI) for two critical payment licenses, enabling the firm to broaden its range of financial products in India. Having secured the Prepaid Payment Instrument (PPI), Nium will be able to issue prepaid cards within India, catering to various consumer and business needs, such as employee expenditures and domestic wallets.

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Finextra

FEBRUARY 5, 2024

HSBC UK has introduced its first standalone ‘Cash Pod’, which will provide improved access to cash in the Crown Glass Shopping Centre in Nailsea, North Somerset, in advance of the closure of the last bank in town.

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Fintech News

FEBRUARY 5, 2024

Airwallex, a global payments and financial platform, has formed a multi-year collaboration with the McLaren Formula 1 team. This partnership designates Airwallex as an Official Partner, where it will bolster McLaren’s financial activities worldwide through its treasury management as well as cross-border pay-outs and settlement product suite. The collaboration will see McLaren utilising Airwallex’s services to improve its supply chain payments across the Formula 1 Grands Prix circuit.

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Global Payments Multi-Currency Cross-Border Treasury Management 103

Finextra

FEBRUARY 5, 2024

Nium, the leader in real-time global payments, proudly announces it has received in principle approval from the Reserve Bank of India for two prestigious payment licences – the Prepaid Payment Instrument (PPI) Licence and the Payment Aggregator (PA) Licence.

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Security Global Payments Payments 85

Fintech News

FEBRUARY 5, 2024

Beleaguered Indonesian peer-to-peer (P2P) lender Investree has reportedly secured a critical US$7 million rescue package from its existing investor SBI Holdings, according to DealStreetAsia. Investree has earmarked US$4.5 million of this package for employee salaries, which encompasses owed salaries, benefits, taxes, payables, and other related expenses.

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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

Bank Automation

FEBRUARY 5, 2024

Major U.S. banks released fourth-quarter earnings over the past month showcasing that they looked to reduce costs – but not necessarily on tech spend as digital banking usership increased. JPMorgan saw its tech, communication and equipment expense spend jump 7% year over year to $2.4 billion.

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Fintech News

FEBRUARY 5, 2024

Despite a global downturn in fintech investments, Singapore’s fintech sector has experienced a significant surge in funding for artificial intelligence (AI) technologies. According to the KPMG Pulse of Fintech H2’23 report , AI fintech funding in Singapore soared to US$333.13 million in the second half of 2023. This represents a 77 percent increase from the US$148.08 million recorded in the first half, culminating in a total investment of US$481.21 million across 24 deals for the year.

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AI FinTech Stablecoins APACS 96

Bank Automation

FEBRUARY 5, 2024

Bryce Elliott, former chief information officer of wholesale and enterprise functions at Truist Financial, is no longer working at the Charlotte, N.C.-based bank.

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Continuity Consumer Technology Payments 80

Finextra

FEBRUARY 5, 2024

In anticipation of upcoming banking regulations, such as the EU's 2025 deadline, Sumant Kumar, CTO, Banking and Financial Markets, NTT DATA UK&I, provides insights into the impact of artificial intelligence on operational resilience for the year ahead. As a part of our Predict 2024 series, we explore how banks can deploy predictive AI to enhance operational efficiency, alongside the modernisation of infrastructure through converting legacy code with generative AI.

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AI Regulations Risk Management Risk 80

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

The Paypers

FEBRUARY 5, 2024

Crypto lender Celsius has announced it will distribute USD 3 billion in crypto to its creditor as the company’s bankruptcy is officially closed.

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Finextra

FEBRUARY 5, 2024

Australian payments infrastructure provider Fat Zebra has acquired local open banking technology platform Adatree. Financial terms were not revealed.

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Acquirers Payments Technology 78

Nomentia

FEBRUARY 5, 2024

How to improve payment security for treasury & finance teams Most larger companies process hundreds, if not thousands, of outgoing payments every day. These payments are crucial for the business and must be handled accurately and punctually. Yet, as the number of payments increases, their management can become challenging, particularly when dealing with tens or even hundreds of bank accounts.

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Treasury Payment Security Finance Security 59

Fintech Finance

FEBRUARY 5, 2024

Today, Mastercard and Last Mile Solutions announced a new partnership to establish new payment standards for the Electric Vehicle (EV) charging industry, that will enhance the user payment experience at charging stations. The new solution will enable CPOs to integrate their (existing) charging stations with a variety of payment terminal brands seamlessly, without the need for extensive integration efforts.

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Visa Payment Gateways Gateways Interoperability 59

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

The Fintech Times

FEBRUARY 5, 2024

Airwallex , the global payments and financial platform, has entered a multi-year partnership with the McLaren Formula 1 team, which will see it support McLaren’s global financial operations through its treasury management and cross-border pay-outs and settlement product suite. McLaren plans to leverage the Airwallex product suite to optimise its supply chain payments for all Grands Prix.

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Multi-Currency SWIFT Cross-Border Treasury Management 58

Fintech Finance

FEBRUARY 5, 2024

Airwallex , a leading global payments and financial platform for modern businesses, today announced a multi-year partnership with the McLaren Formula 1 team , one of the sport’s most iconic brands. As an Official Partner, Airwallex will support McLaren’s global financial operations through its treasury management and cross-border pay-outs and settlement product suite.

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Multi-Currency Global Payments Treasury Management Cross-Border 59

The Fintech Times

FEBRUARY 5, 2024

Women have every bit as much potential as their male colleagues, and yet fewer find themselves in positions of leadership. Ahead of this year’s International Women’s Day, financial technology recruitment firm Harrington Starr looks to address this issue head-on, by holding an event on Tuesday 5 March. In partnership with online trading provider IG Group , Harrington Starr will hold the International Women’s Day fintech event at Vintners’ Hall in London.

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Finextra

FEBRUARY 5, 2024

Tata Consultancy Services (TCS) has emerged as a leading contender to take over the running of the UK's Faster Payments Service, according to Sky News.

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Faster Payments Consulting Payments 66

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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.

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The Fintech Times

FEBRUARY 5, 2024

Following a tough economic year, many institutions are looking to train their employees and have a better understanding of their financial plans. Looking to provide a simple and accessible solution, PlanHappy , the financial advice and planning platform, has officially launched to market. Along with full back-office tools and functionality, PlanHappy will provide access to training and development, and one-to-one coaching.

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Professional Development Process Continuity FinTech 58

Exact Payments

FEBRUARY 5, 2024

In the ever-evolving landscape of software development, independent software vendors (ISVs) find themselves at the forefront of innovation, creating cutting-edge solutions to address the dynamic needs of businesses and consumers alike. However, with progress comes responsibility, particularly when it comes to safeguarding sensitive payment card data.

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The Fintech Times

FEBRUARY 5, 2024

While many countries across the globe have set targets to eventually remove petrol cars from the streets and replace them with electric vehicles, a vast number of pain points still exist in this space that have to be solved before these targets become a genuine possibility. In an effort to help charge point operators (CPOs) provide more user-friendly payment solutions for their customers, payment giant Mastercard is joining forces with Last Mile Solutions , an electric vehicle (EV) charging an

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Visa Payment Gateways Interoperability Payments 58

Exact Payments

FEBRUARY 5, 2024

In today’s ever-evolving digital landscape, integrated payment processing has emerged as a key to business success. Whether you’re running an e-commerce platform, a cutting-edge software-as-a-service (SaaS) solution, or any digital enterprise, choosing the right integrated payment provider is paramount. To make an informed decision, it’s crucial to research the world of integrated payment processing and pinpoint the top features offered by integrated payment providers.

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Payment APIs and Integration Process Payments Risk Management 52

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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.

Payments