Tue.Apr 09, 2024

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Visa, Mastercard CEOs throw hearing off track

Payments Dive

Senate Judiciary Committee Chairman Dick Durbin postponed a plan to call credit card chieftains on the capitol carpet at a Tuesday hearing, but he’s still aiming to get them to Washington.

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Why JPMorgan’s chief data and analytics officer sits on operating committee

Bank Automation

JPMorgan Chase’s chief data and analytics officer sits within its operating committee to keep up with ongoing AI investment and implementation bankwide. Appointed in June 2023, Chief Data and Analytics Officer Teresa Heitsenrether serves on the $3.

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TransferGo raises $10M to expand its remittance business in Asia, doubling valuation

TechCrunch Fintech

TransferGo, the UK-based fintech best known as a consumer platform for global remittances, has raised a $10 million growth funding round from Taiwan-based investor Taiwania Capital, with a view to expanding in the Asia-Pacific region. It last raised a $50M Series C funding round in 2021. TransferGo claims the new investment doubles its valuation to […] © 2024 TechCrunch.

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How is Banking-as-a-Service Driving Financial Inclusion Across the Globe?

The Fintech Times

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe. Banking-as-a-Service (BaaS) describes the concept that enables non-bank platforms to access banking capabilities traditionally only offered by licensed banks.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

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

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CFPB, DOJ boost teamwork on cases

Payments Dive

The bureau will refer “potentially criminal conduct,” including “anti-competitive mischief,” to the DOJ for action, CFPB Director Rohit Chopra said Monday.

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Top Fintech Innovators Revealed: Fintech Awards London 2024 Shortlist Unveiled

The Fintech Times

The Fintech Awards London 2024 Shortlist has been revealed, unveiling the brightest stars in the dynamic world of financial technology. With an impressive array of nominees representing innovation, creativity and resilience, this year’s shortlist showcases the notable achievements shaping the future of finance. From disruptive startups to established industry leaders, the shortlisted companies have demonstrated dedication and ingenuity in shaking up the fintech sector.

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More Trending

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FTC Report: Largest Mega-Stores, Grocery Conglomerates Profit Off Pandemic Price Hikes

Electronic Payments Coalition

The Federal Trade Commission (FTC) recently released a report questioning whether COVID-19 price increases at grocery conglomerates, including corporate mega-stores, were necessary and if the continued higher prices were all about increasing profits. EPC’s new one-pager, copied below, highlights how these conglomerates and mega-stores used their market power to avoid supply chain disruptions while raising prices under the guise of supply chain problems.

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JPMorgan's Dimon stresses 'critical' impact of AI

Finextra

In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon has singled out the "critical impact" of AI and the "essential" importance of migration to the cloud.

AI 107
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JustPaid, AI-Powered Finance Startup, Announces New API for Business Payments

Fintech Finance

JustPaid , a leading financial technology company – has just announced the launch of its new billing platform API. The platform allows customers, merchants and other businesses to automatically track product usage and generate invoices by uploading usage data through a simple API integration. Users can easily create customer profiles, process payments, save time on manual entry and manage customer communications directly within their own systems.

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Santander brings Openbank digital brand to US

Finextra

Santander is launching its Openbank digital offering across the United States and Mexico.

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15 Modern Use Cases for Enterprise Business Intelligence

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?

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IOTA and Tenity’s Singapore Accelerator Offers $50,000 Grants to Blockchain Startups

Fintech News

Tenity, in collaboration with the IOTA Foundation, has announced the establishment of the IOTA Accelerator in Singapore. This 12-week initiative is designed to assist early-stage startups focused on developing Real World Assets (RWA) tokenisation products and infrastructure within the IOTA ecosystem. Dominik Schiener Dominik Schiener, Co-Founder and Chairman of the IOTA Foundation acknowledged the innovation within the Asia-Pacific region and the shared vision with Tenity of harnessing tokenised

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Lending Life Cycle Management: Challenges and Best Practices

Finezza

The lending life cycle consists of all activities that begin at the loan application stage and culminate with the final repayment. It involves due diligence regarding customer background by the lenders, regulatory compliance, and financial processes for the lender. However, many lenders encounter multifaceted challenges at various loan stages, including the critical tasks of risk […] The post Lending Life Cycle Management: Challenges and Best Practices appeared first on Finezza Blog.

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Is Fintech Actually Surpassing Traditional Finance?

Clearly Payments

The financial services sector is at a pivotal juncture. The emergence of financial technology (fintech) companies has sparked a debate and some contention. When you look under the covers, it is easy to wonder if it is true disruption or just an incremental improvement that will simply get adopted by all players. There is no question that fintech has had an impact, however the real question is about the future, what will be the prominent financial services, and can this evolution see the dying

Finance 84
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How FedNow is Shaping Payments Since its Groundbreaking Launch

Finextra

In the six months following its groundbreaking launch in July 2023, FedNow has emerged as a transfo.

FedNow 111
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eCommerce in 2025: How Customer Experience Drives Online Retail Success

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

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OakNorth to provide business banking services in UK

Bank Automation

Digital bank OakNorth is in the early stages of testing to provide wire banking services in the United Kingdom. The London-based bank is beta-testing business banking services, including operational accounts, cards and payments, Chief Executive Rishi Khosla told Bank Automation News. Founded in 2015, the $4.

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Mercuryo Aligns Itself With CryptoUK to Advance UK Digital Assets Industry

The Fintech Times

Organisations within the crypto sector must all play a part in ensuring that the sector is able to grow from a regulatory standpoint. Mercuryo , the global payments infrastructure platform is achieving this as it partners with CryptoUK , the self-regulatory trade association for the UK’s digital assets industry. Mercuryo offers innovative payment solutions along with seamless on-chain integration and has made a series of high-profile partnerships with major pillars in the digital token e

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Kyriba teams up with JP Morgan's Onyx blockchain business

Finextra

Today, Kyriba, a global innovator in liquidity performance, announced a first of its kind innovation with Onyx, J.P. Morgan’s blockchain business unit, to improve cash management, payments and liquidity performance for CFOs and Treasurers.

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Quavo Teams with Snowflake to Boost Fraud Protection

Finovate

Quavo Fraud & Disputes has teamed up with Snowflake. The partnership between Quavo and Snowflake will allow Quavo to offer its clients access to more extensive datasets, helping them manage their fraud and disputes processes. Since it was founded in 2015, Quavo has helped recover nearly $660 million for 6+ million users Disputes-as-a-Service company Quavo Fraud & Disputes announced that it has teamed up with data warehouse-as-a-service provider Snowflake this week. “As Quavo has co

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7 Essential Criteria for Choosing the Right Payments Partner

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.

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Siren and Chainalysis partner to trace blockchain transactions

Finextra

Siren, the all-in-one investigation platform company on a mission to keep people, assets and networks safe, and Chainalysis, the blockchain intelligence platform, today announced details of a strategic partnership at the annual Chainalysis Links event in New York.

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Nubank Ultravioleta Leverages Wise Platform to Pre-Launch Global Account in Brazil

The Fintech Times

Nubank Ultravioleta , the experience for high-income Nubank customers in Brazil, is partnering with Wise Platform , the global infrastructure solution for banks and large companies, to enter the travel segment with the pre-launch of its new ‘Global Account’ The new Global Account at Nubank Ultravioleta, powered by Wise Platform , will enable users to instantly make balance conversions from Real to dollar and euro through the Nubank app without the hassle of managing a new app or tran

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Nubank teams up with Wise Platform to power global account

Finextra

Today, Wise Platform, Wise’s infrastructure offering for banks, financial institutions, and enterprises around the world, announced its partnership with Nubank, one of Brazil’s largest financial institutions, to power their global account and international debit card.

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Em Conversa: Open Banking and Finance With Huw Davies, co-founder and CEO at Ozone API

The Fintech Times

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. Em conversa looks to uncover what the future of fintech could look like in the region, following a $2.1billion valuation in 2022.

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Loyalty 101: How To Turn Browsers Into Buyers For Lasting Engagement

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.

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Credit fintech Petal agrees sale to Empower

Finextra

Empower Finance has agreed to buy US credit fintech Petal and closed the acquisition of Philippines-based Cashalo.

FinTech 81
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Enhance Your Experience with Solutions from the NetSuite Marketplace

Paystand

An ERP system is crucial for any accounting team, and Oracle NetSuite is one of the most trusted solutions on the market. However, like any other ERP, it requires the NetSuite marketplace of third-party apps to serve its users better.

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Fintech infrastructure startup Parafin secures $125m warehouse facility

Finextra

Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. (“Trinity”), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin.

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Challenges & Best Practices in Multi-Brand Order Management

DeckCommerce

Managing orders across multiple brands presents unique challenges that require strategic solutions. From diverse product lines to brand-specific workflows and customer expectations, effective multi-brand order management is essential for operational efficiency and customer satisfaction.

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Enhance Customer Value: Unleash Your Data’s Potential

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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Monetary Authority of Singapore and Mastercard ink cybersecurity MoU

Finextra

The Monetary Authority of Singapore (MAS) and Mastercard today signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore.

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Portfolio Diversification: The Case for Including Bitcoin and Cryptocurrencies

Fintech Review

In today’s investment world, finding the best mix of things to invest in is key. It is all about portfolio diversification. This usually means having a bit of everything – like shares, bonds, and gold – to spread out the risk and aim for good growth over time. But now, there’s something new to consider: cryptocurrencies like Bitcoin.

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Kueski rolls out in-store mobile payments tech

Finextra

Kueski, the leading buy now, pay later (BNPL) and online consumer lender in Latin America, announced the launch of the in-store version of Kueski Pay, which will become available to all consumers by the end of Q2 of 2024.

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Portfolio Diversification: The Strategic Case for Including Bitcoin and Cryptocurrencies

Fintech Review

In today’s investment world, finding the best mix of things to invest in is key. It is all about portfolio diversification. This usually means having a bit of everything – like shares, bonds, and gold – to spread out the risk and aim for good growth over time. But now, there’s something new to consider: cryptocurrencies like Bitcoin.

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Top Strategies to Future-Proof & Sustain Your Merchant Services Portfolio

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.