Wed.Mar 26, 2025

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DBS Banking Masterstroke Coming to an End Under Piyush Gupta

Fintech News

This Friday, March 28, 2025, marks the end of an era for DBS Bank as Piyush Gupta steps down after an extraordinary 16-year tenure as Chief Executive Officer. His leadership has been nothing short of transformative. During his tenure, he turned DBS from a traditional lender into a globally recognised powerhouse of digital banking. When Piyush took the reins in 2009, DBS was in dire need of a strategic overhaul.

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Fintech Mercury lands $300M in Sequoia-led Series C, doubles valuation to $3.5B

TechCrunch Fintech

Digital banking startup Mercury has raised $300 million in primary and secondary funding at a $3.5 billion post-money valuation, the company confirmed to TechCrunch on Wednesday. The valuation is more than double the startups valuation when it last raised capital a $120 million Series B round in 2021 that valued the company at $1.

FinTech 99
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Coffee with the Council Podcast: Guidance for PCI DSS E-commerce Requirements Effective After 31 March 2025

PCI Security Standards

Welcome to our podcast series, Coffee with the Council. I'm Alicia Malone, Director of Communications and Public Relations for the PCI Security Standards Council. As many of our listeners are aware, we are quickly approaching the deadline to adopt the future-dated requirements of PCI DSS version 4.0.1 on March 31st, 2025. Over the course of the last year, the Council has received feedback that more guidance was needed to properly implement some of the e-commerce security requirements in the stan

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Unlocking the Power of B2B Virtual Cards: Extend Announces Referral Agreement With Visa

The Fintech Times

A new referral agreement has been made between payments juggernaut, Visa and Extend , the virtual card and spend management platform, enabling emerging middle-market firms to manage spending with the power of virtual cards and, in turn, increase controls, fight fraud, and close their books faster. Virtual card spend is set to reach just under $14trillion globally by 2028, up from $4.1trillion in 2023.

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From Rigid To Resilient: Why Enterprises Need Modular Commerce Now

Speaker: Benjamin Woll, Tiffany Spizzo, and Jaime Santos Alcón

Enterprise commerce is at an inflection point. Rigid, monolithic platforms slow brands down, but a full replatforming is disruptive and costly. Modular architecture offers a flexible, scalable alternative - allowing enterprise brands to modernize without ripping and replacing their entire stack. Learn how a composable approach helps modernize commerce stacks while maintaining control over critical systems.

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CFPB predicts late fee lawsuit settlement

Payments Dive

The agency’s new leadership believes it can settle a 2024 lawsuit banks and business groups filed over an $8 cap on credit card late fees.

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New Payroll Tech Needed: Finity Finds a Lack of Digitisation Could Cause Talent to Seek New Jobs

The Fintech Times

A new report has been published by Finity , the back-office ecosystem for recruitment businesses, examining the efficiency of technology and processes in place in the UK’s recruitment sector, and how these are in turn impacting workforce productivity, for better or for worse. The Finity report revealed that 74 per cent of payroll professionals say at least 11 hours per week are wasted due to outdated technology and inefficient workflows.

Payroll 59

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Itaú Unibanco Reinforces Its Foreign Exchange Solutions With Wise Platform, Enabling Instant Payment in Foreign Currency Directly Through the App

Fintech Finance

Itaú Unibanco announces that its customers will now be able to send and make payments in foreign currency instantly and directly through the Itaú app. The goal is to deliver an even more complete solution for its customers, who already have currency reserves through the app and an international account. The new solution will allow customers to make international payments or send money in the same way and with the same simplicity as Pix, at any time of the day, every day of the week, ov

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8 in 10 UK businesses plan to improve payments processes in 2025

Neopay

As businesses look to drive growth in 2025 amid a dynamic market environment, new research from American Express reveals about 8 in 10 (78%) are planning to improve their business payments process, with almost two-fifths (39%) doing so as part of strategies to drive growth. The Amex Trendex: B2B Payments Edition surveyed 500 UK business decision makers, revealing a shared recognition that optimised payments are key to strong commercial relationships that underpin sustained business success.

Process 52
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Digital Payments Economy in Africa Expected to Reach $1.5 Trillion by 2030 According to New Report

Fintech Finance

Africas digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digital payments economy is expected to reach $1.5 trillion by 2030. As a longstanding technology partner to Africa, Mastercard continues to strengthen its commitment to the continents digital growth through strategic investments, public-private partnerships, and innovation initiatives that drive financial health and economic growth.

Economy 52
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CROSS Protocol Completes $10M Private Sale, Sets Equal Pricing for Public Offering

Fintech Review

Seoul, Korea, March 26th, 2025, FinanceWire CROSS Protocol , a blockchain gaming pioneer, has secured $10 million in its private token sale while establishing an unprecedented equal pricing model for all investors. The company sold 100 million tokens10% of its planned 1 billion supplyat $0.10 per token, a price that will remain consistent for its upcoming public sale.

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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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FV Bank Announces Launch of SWIFT Services to Enhance Global Payment Capabilities

Fintech Finance

FV Bank , the U.S. licensed digital bank offering a vertically integrated suite of traditional and digital asset banking and custody services, today announced its successful launch of its SWIFT code: ITTLPRS2XXX. This strategic milestone is significant for FV Bank clients as it expands inbound wire options alongside stablecoin-based payment rails. By integrating our SWIFT BIC code, FV Bank is able to receive deposits through an extensive network of over 11,000 financial institutions across more

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The FCA launches its new strategy

Neopay

The FCA’s chief executive, Nikhil Rathi, issued the following statement on 25th March regarding the launch of the FCA’s new strategy: This morning weve launched our new strategy , setting out how well workover the next 5 years todeepen trust, rebalance risk, support growth and improve lives. Wellfocus on 4priorities: Being a smarter regulator , making sure we are predictable, purposeful and proportionate.

Crime 52
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Extend Announces Referral Agreement with Visa to Deliver Virtual Card Solutions for the Emerging Middle Market

Fintech Finance

Extend , a leading virtual card and spend management platform, today announced it has entered into a referral agreement with Visa , a global leader in digital payments. Extend’s solution enables what Visa defines as emerging middle-market companies to manage spending with the power of virtual cards to increase controls, fight fraud, and close their books faster.

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Google Cloud to Power Thai Stock Exchange’s New AI Platform

Fintech News

The Stock Exchange of Thailand (SET) and Google Cloud have announced a strategic collaboration to develop ATLAS (Automated Thai Listed Company AI-Info System). ATLAS is an AI-powered search platform designed to improve the efficiency and accessibility of Thailands capital markets. Built on Google Clouds Vertex AI and powered by the Gemini 2.0 Flash model, ATLAS allows users to retrieve information through natural language prompts, simulating human-like conversations.

AI 97
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The Evolving Retailers Fulfillment Strategy: Meeting Demands with Agility

Speaker: Becky Parisotto and John Vurdelja

Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever

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Primer Integrates J.P. Morgan Payments, With GetYourGuide First Adopter

Fintech Finance

Primer , the unified infrastructure for global payments and commerce, today announces that it has integrated J.P. Morgan Payments into its platform, as a member of the J.P. Morgan Payments Partner Network. This move allows Primer’s merchant clients around the world to integrate J.P. Morgan Payments’ global, end-to-end Commerce Platform effortlessly into their payment stack, creating new opportunities to serve a broader market and improve authorization rates.

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PayPal Surpasses $30B in Global Small Business Lending

PayPal

PayPal provides access to over 1.

PayPal 87
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Nacha Releases Top 50 Financial Institution ACH Originators and Receivers for 2024; Total ACH Payment Volume in 2024 Exceeded 40 Billion

NACHA

field--node--title--article.html.twig field--node--title.html.twig field--node--article.html.twig field--title.html.twig field--string.html.twig field.html.twig --> Nacha Releases Top 50 Financial Institution ACH Originators and Receivers for 2024; Total ACH Payment Volume in 2024 Exceeded 40 Billion field--node--uid--article.html.twig field--node--uid.html.twig field--node--article.html.twig field--uid.html.twig field--entity-reference.html.twig field.html.twig --> mkahn@nacha.org

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DBS Reportedly in Lead to Acquire Controlling Stake in Indonesia’s Panin Bank

Fintech News

DBS Group has emerged as the leading contender to acquire a controlling stake in Indonesias Panin Bank , according to people familiar with the matter, as the Singaporean bank progresses through the second round of bidding. The potential deal involves a sale of roughly 86% of Panin Bank, the countrys 12th largest lender. The stake is held by Australias ANZ Group and the founding Gunawan family and was valued at around US$1.8 billion at Tuesdays market close.

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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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German government not aware of plans to readmit Russian banks to Swift

Finextra

The German government says it is not aware of any plans to accept Russia's demand to have banks readmitted to the Swift messaging system.

SWIFT 78
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Revolut US CFO aims for growth, maturity ahead of U.S. entry

Payments Dive

Balancing agility and compliance is crucial for the digital banking platform as it seeks to expand into markets like the U.S., Revolut Chief Financial Officer Max Lapin said.

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Thai SEC Files Criminal Complaint Against OKX, Nine Others for Unlicensed Exchange

Fintech News

Thailands Securities and Exchange Commission (SEC) has filed a criminal complaint against Aux Cayes Fintech Co. Ltd., the operator of the OKX digital asset exchange platform in Thailand, and nine individuals for allegedly running a digital asset exchange without the required license. The complaint, filed with the Economic Crime Suppression Division (ECD), follows a referral and further investigation by the SEC.

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Towards an ECB Distributed L Settlement system for central bank money: from Exploration to Expansion

Finextra

On 20 February the Eurosystem announced the decision of the Governing Council of the European Centra.

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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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Grab Reportedly Explores US$2 Billion Loan for Potential GoTo Acquisition

Fintech News

Grab Holdings is in talks to raise as much as US$2 billion in short-term financing to fund a potential acquisition of Indonesian tech rival GoTo Group, Bloomberg reported. The Singapore-based ride-hailing and delivery platform is engaging with banks on a bridge loan with a tenor of about 12 months, according to people familiar with the matter. The discussions remain at an early stage, and both the loan structure and acquisition terms are subject to change.

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Fidelity Investments preps stablecoin

Finextra

Fidelity Investments is in advanced stages of testing its own stablecoin, which is designed to act as cash in cryptocurrency markets and will be managed through its digital assets arm.

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OwlTing Partners With GMO Trust to Bridge the Cross-border Accessibility Gap With Stablecoins

The Fintech Times

As the popularity of stablecoins grows, organisations are looking to make them more accessible. The latest to do so in Japan, working on the first Japanese Yen (JPY) stablecoin, GYEN, is OwlTing Group , the blockchain fintech company, as it partners with GMO-Z.com Trust Company, Inc. (GMO Trust). Stablecoins are slashing high fees and reducing delays, challenges that have faced the cross-border payments sector for decades.

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TD dominates 2024 bank fines chart

Finextra

Banks around the world paid $4.5 billion in major fines in 2024, with TD Bank accounting for two-thirds of the total after it pleaded guilty to violating US anti-money laundering federal laws.

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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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Trustly launches biometric solution to accelerate logins in Europe

The Paypers

Pay-by-bank provider Trustly has announced the launch of Trustly ID, a biometric solution developed to scale speed and security for customers across Europe.

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MyPOS buys UTP

Finextra

London-based fintech myPOS has made its second acquisition of the year, snapping up payments outfit UTP Group. Financial terms were not disclosed.

FinTech 69
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Bitso Business Creates New Entity Juno and Launches the MXNB Stablecoin to Facilitate Efficient and Low-cost Cross-border Payments

Fintech Finance

Bitso Business —the B2B arm of Bitso that provides infrastructure for efficient and transparent cross-border payments— announced today the creation of its subsidiary Juno , a company dedicated to the issuance and management of virtual assets. Along with this announcement, Juno is launching MXNB token on Arbitrum, a stablecoin pegged to the value of the Mexican peso, which is fully fiat-backed on a one-to-one basis against reserves.

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NBK refreshes mobile banking app

Finextra

In line with its commitment to advancing digital banking, National Bank of Kuwait (NBK) is continuously enhancing its NBK Mobile Banking App by introducing innovative features and refining existing functionalities.

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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.