Payments Dive

JANUARY 9, 2024

Swipe fee battles, real-time payments, fraud prevention and acquisition plans will be among the hot topics pulsing through the industry this year.

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Payments Trends Fraud Prevention Real Time Payments Payments 194

Open Banking Excellence

JANUARY 9, 2024

The world of payments is undergoing major change Fast-paced technological progress is disrupting the market rapidly. Consumer expectations are rising as regulators push for increased competition and innovation to meet evolving consumer demands. This is leading to a golden age of choice for businesses, who now have access to the cost savings and customer-centric capabilities that a new wave of Open Banking-powered payment products can deliver.

Payment APIs and Integration 130

Payment APIs and Integration Payer Online and Mobile Banking Authentication 130

VISTA InfoSec

JANUARY 9, 2024

As we all know, data security is a constantly evolving field, and it’s essential to keep up with the latest standards and requirements. And mark your calendars, because the current PCI DSS v3.2.1 is set to retire on March 31st, 2024. That’s right, the PCI Security Standards Council (SSC) has announced the release of the new and improved PCI DSS v4.0, and compliance with this updated version is mandatory for organizations to maintain data security.

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Bank Automation

JANUARY 9, 2024

Financial institutions can look to generative AI to reach up to 90% automation, WorkFusion Chief Executive Adam Famularo tells Bank Automation News on this episode of “The Buzz” podcast.

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Automation AI Transactions Process 121

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

Fintech News

JANUARY 9, 2024

Thailand’s Prime Minister Srettha Thavisin announced the anticipated May commencement of a substantial economic stimulus initiative, according to a Reuters report. This plan, a centerpiece of the ruling Pheu Thai party’s election campaign, involves disbursing approximately US$14.3 billion through a ‘digital wallet’ system. Under this scheme, around 50 million Thai citizens will each receive 10,000 baht (about US$285) to spend within their local communities.

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Central Bank Legal Government Governance 130

The Fintech Times

JANUARY 9, 2024

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. To kick off 2024, The Fintech Times is exploring how the world of AI may continue to impact the fintech industry and beyond throughout the coming year.

AI 118

AI FinTech Online and Mobile Banking Best Practices 118

Payments Dive

JANUARY 9, 2024

The Office of the Comptroller of the Currency directed its advice at national banks, but a Venable attorney expects others to use it to inform their approaches.

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Office of the Comptroller of the Currency BNPL 103

Tearsheet

JANUARY 9, 2024

X ended 2023 with the addition of a Money Transmitter License in Pennsylvania, pushing the total number of states where the company can engage in moving money to 13. These recent licenses put the company one step closer to Musk’s vision of turning X into something distant from the digital town square he once called it. “We are rapidly transforming the company from what it was, Twitter 1.0, to the everyone app,” he said on October 26th last year, in the first all-hands meeting after his takeover

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Continuity Push-to-Card Payments Debit Card 105

The Fintech Times

JANUARY 9, 2024

Following the need for greater security of digital assets, AsiaNext , an institution-only global digital asset exchange, has launched crypto derivatives trading. A joint venture between SBI Digital Asset Holdings (SBI DAH) and SIX, based in Singapore, AsiaNext provides professional investors with an end-to-end digital assets value chain. Trading members benefit from reduced counterparty and settlement risk and can enjoy capital efficiencies.

Risk Management 105

Risk Management Settlement APACS Risk 105

NFCW

JANUARY 9, 2024

TAP AND GO: A student conducts a contactless transaction in Baylor’s Penland Dining Hall Baylor University in Waco, Texas has become the first of the ‘Big 12’ group of US universities to introduce NFC mobile credentials, enabling students living in on-campus residential halls to unlock their rooms, enter dining halls, make retail dining purchases, check out library materials, and access other campus services with the tap of an Android or iOS smartphone or smartwatch.

Credential 101

Credential Participant Checks Security 101

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The Fintech Times

JANUARY 9, 2024

Paymob , the financial services enabler in the Middle East, North Africa, and Pakistan (MENAP) has joined forces with Tamara , the shopping and payments platform in the GCC region. The strategic partnership integrates the Tamara Buy Now Pay Later ( BNPL ) service with the secure Paymob gateway to power seamless payments by enabling customers to split their payments in four without any hidden fees or interest.

Payment Gateways 104

Payment Gateways BNPL Gateways Alternative Payment Methods 104

Finezza

JANUARY 9, 2024

Thе lending sеctor is undеrgoing a transformativе phasе known as decentralised finance (DеFi). In India, its emergence has been nothing short of rеvolutionary. Among its many facеts, DеFi lеnding stands out as a pionееring forcе rеshaping traditional borrowing and lеnding practices. Dеfi has surgеd forward, amassing an imprеssivе amount of capital in a rеmarkably briеf […] The post Digital Lending Solutions: Everything You Need to Know About DeFi Lending appeared first on Finezza Blog.

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Finance Posting 95

Fintech Finance

JANUARY 9, 2024

In this episode of The Paytech Show we’re in Cambodia hosting ABA Bank ‘s Head of R&D Bekzod Ruzmetov and Chief International Business Officer Polinda Hean as well as Bottomline Business Development Director Victor Kong, to find out how the technology provider is partnering with financial institutions in the region. Speaking to Douglas Mackenzie, Ruzmetov tells us about Cambodia’s rapidly changing banking landscape, including the launch of many new banks and a growing econo

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Cross-Border ISO 20022 SWIFT ISOs 98

Paystand

JANUARY 9, 2024

Conferences are among the best ways to connect with other professionals and entrepreneurs. The next must-attend conference in finance is Sage Transform , held for the first time in Las Vegas, NV (previously held in Orlando, FL), from February 26th to 29th.

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Finance 95

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 Finance

JANUARY 9, 2024

Visa Inc., a world leader in digital payments and TECH5 , an innovator in the field of biometrics and digital identity management, have signed a strategic collaboration agreement focusing on the development and enhancement of digital government ecosystems on a global scale. The two organizations will design a roadmap that encompasses a series of initiatives and projects aimed at establishing a robust foundation for advancing digital payments, digital identity management, and other ecosystem-driv

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Government Governance Financial Literacy Cross-Border 98

TechCrunch Fintech

JANUARY 9, 2024

Treasure Financial has laid off 14 employees, the fintech startup confirmed to TechCrunch today. The layoffs took place in December. The move affected some 60% to 70% of the company, according to multiple sources familiar with internal operations. Sam Strasser, founder and CEO of Treasure Financial, told TechCrunch that “a need to streamline our operations […] © 2023 TechCrunch.

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FinTech 91

Fintech News

JANUARY 9, 2024

Singapore-based fintech startup Qashier has launched the QashierPay Soundbox , a new QR payment terminal designed to enhance digital payment security. This device features real-time auditory alerts, notifying merchants immediately upon successful transactions and is aimed at businesses with fast-paced and high-volume transactions, like hawkers and mini-marts.

Security 101

Security Payments Transactions Payment Security 101

The Paypers

JANUARY 9, 2024

Italy-based crypto exchange Coinbar has entered a multi-year agreement with Binance Pay to enable the latter’s users to make crypto payments directly in stores.

Digital Payments 82

Digital Payments Agreements Payments 82

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

Fintech News

JANUARY 9, 2024

The fintech landscape in the Asia Pacific (APAC) region has been evolving at a remarkable pace, with start-ups and established companies redefining how financial services are delivered and consumed. As we enter 2024, there is a sense of cautious optimism prevailing, as the fintech trends in APAC lean towards a more data-driven and analytical approach to fintech development, and fostering balanced market growth.

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APACS FinTech Digital Currency Blockchain 96

Finextra

JANUARY 9, 2024

Visa and CIBC announced a new collaboration that will enable the bank’s clients to send funds to family and friends across borders more conveniently.

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Fintech News

JANUARY 9, 2024

AsiaNext, a digital asset trading platform designed exclusively for institutions, has launched its crypto derivatives trading. The Singapore-based joint venture was formed between SBI Digital Asset Holdings (SBI DAH) and SIX. This development follows a survey by SBI DAH and AsiaNext, which found that institutional interest in digital assets has grown despite the recent downturn in the cryptocurrency market.

Risk Management 92

Risk Management On-Demand Risk Settlement 92

Bank Automation

JANUARY 9, 2024

Bank of America added data insights to its CashPro platform as corporate and commercial clients asked for real-time treasury management functionality.

Treasury Management 75

Treasury Management Treasury Product Payments 75

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 News

JANUARY 9, 2024

Credit rating agency Fitch Ratings highlighted that Sumitomo Life Insurance Company’s planned acquisition of Singapore-based financial services firm Singlife is poised to bolster the Japanese insurer’s credit standing. The acquisition, still awaiting regulatory approval in Japan and Singapore, is expected to be finalised in the first quarter of 2024.

Underwriting 70

Underwriting Risk Transactions Continuity 70

Finextra

JANUARY 9, 2024

Value exchange network Unbox has closed a €12 million Series A round with support from HSBC Asset Management and Belgian sovereign wealth fund subsidiary SFPIM.

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Fintech News

JANUARY 9, 2024

Be Group, a Vietnamese ride-hailing company and competitor of Grab superapp, has secured 739.5 billion dong (approximately US$30 million) from VPBank Securities, a subsidiary of Vietnam Prosperity Joint Stock Commercial Bank (VPBank). Through this investment, VPBank Securities will be a stakeholder in Be Group ‘s parent company once the transaction is finalised, as reported by Bloomberg.

Security 67

Security Finance Transactions Consumer 67

Fintech Review

JANUARY 9, 2024

The fintech sector is buzzing with innovations, providing ample opportunities for new entrants to make a significant impact. As a space that merges finance with technology, it’s an exciting yet challenging arena. If you are among the burgeoning number of fintech founders, ensuring that you navigate this complex landscape successfully is crucial.

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FinTech Regulatory Compliance Compliance Regulations 64

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AI

Fintech News

JANUARY 9, 2024

Crypto custodian BitGo announced that its Singapore subsidiary has been granted in-principle approval by the Monetary Authority of Singapore (MAS) for a Major Payment Institution License for digital payment token services. Once the full license is awarded, BitGo aims to provide services that enable clients to securely buy and sell digital assets. The company emphasises the safety of its operations, noting that transactions will be handled through its insured cold storage custody solution, which

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Web 3.0 APACS Authorization Gateways 105

Finovate

JANUARY 9, 2024

Trust & Will has landed an earned equity investment with Comcast’s venture arm, Forecast Labs. Under the agreement, Forecast Labs will promote Trust & Will nationally via TV advertisements to reach new audiences. Trust & Will was founded in 2017 and has raised $48 million. Digital estate planning and settlement platform Trust & Will is adding to its resources this week.

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Agreements Settlement FinTech Innovation 64

Finextra

JANUARY 9, 2024

Consumer credit fintech Salmon has become a licenced bank in the Philippines after acquiring a controlling interest in Rural Bank of Sta. Rose.

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FinTech Acquirers Consumer 72

The Paypers

JANUARY 9, 2024

Amazon Fashion has announced its plans to leverage artificial intelligence (AI) to support customers who shop for clothing online to find their correct size.

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AI 73

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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