Fri.Jul 05, 2024

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ConnectOne Bank builds data lake in-house

Bank Automation

ConnectOne Bank built its own data lake and data warehouse in-house to allow for access to insights for all departments. One of the first assignments for the $9.8 billion Englewood Cliffs, N.J.

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What Merchants Should Know About Non Cash Adjustment Fees When Implementing Cash Discounts

Stax

Did you know that credit cards accounted for 31% of all payments in 2022? That’s an all-time high since 2016, and the figure was even greater for higher-income households. Credit cards are ubiquitous, and no business (regardless of its size) can afford to ignore credit card payment processing in the current landscape. On the flip side, however, credit card fees can eat away at your profits since a percentage of each credit card transaction goes toward processing fees.

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RBI joins Project Nexus for instant cross-border payments

Finextra

RBI (Reserve Bank of India) is the latest bank to join the global Project Nexus initiative, designed to enable instant cross-border instant payments.

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Millwall Announce MyGuava as New Front-Of-Shirt Partner

Fintech Finance

Millwall Football Club have announced that MyGuava has become The Lions’ brand-new front-of- shirt partner on a long-term deal. This new, exciting partnership, which is the club’s first new front-of-shirt partnership since 2019, will now see the Guavapay-owned ‘MyGuava brand’ feature on the front of the Senior Men’s and Academy playing kits across 2024/25 and beyond.

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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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Basel Committee Establishes Policy and Supervisory Initiatives For Banks’ Exposure to Cryptoassets

The Fintech Times

The Basel Committee on Banking Supervision (the Committee), the standard setter for the prudential regulation of banks has turned its attention to the crypto world as it approves a disclosure framework for banks’ cryptoasset exposures. The Committee met virtually on 2 and 3 July to discuss policy and supervisory initiatives. During this meeting, it also agreed to make targeted amendments to its cryptoasset standard and consult on updated principles for the sound management of third-party

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Instant Payments: Are Banks Ready for the Transformation Wave?

Finextra

At EBAday 2024, Daniel Hurst, Head of Products and Services for FIS' B2B Payments and Money Movement - EMEA, FIS Global, offers his opinion on whether banks are ready for the rollout of instant payments and in particular, the January 2025 deadline for inbound payments. It is evident at EBAday that while some banks are taking compliance extremely seriously, other financial institutions are in discussions with regulators to extend timelines or are campaigning against it, citing PSD3 and that their

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Mastercard inks deal with UAE-based LuLu Group

Finextra

Following a decade-long partnership in the retail sector, Mastercard and LuLu Group join hands to foster sustainability, innovation, and efficiency in payments across multiple markets.

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Financial Advice Gap Increases as FCA’s Consumer Duty Pushes Advisers Toward Wealthier Consumers

The Fintech Times

Just nine per cent of people now pay for financial advice, a reduction from 11 per cent in 2023, according to a new study from financial consultancy the lang cat. As the number of people paying for and benefiting from financial advice lessens over time, the lang cat has questioned the success of the FCA’s Consumer Duty regulation, which was introduced to provide better outcomes for consumers.

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Nordea charged over Danish money laundering cases

Finextra

Denmark officially brought charges to Nordea in the country’s biggest money laundering case to date, stating the bank violated the Danish anti-money laundering act several times between 2012 and 2015.

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NIPL and Network International Join Forces to Simplify Payments for Indian Tourists and NRIs in UAE

The Fintech Times

The number of Indian tourists travelling to the Gulf Cooperation Council (GCC) countries is projected to increase to 9.8 million in 2024, with the UAE anticipating 5.29 million arrivals from India. Looking to simplify the payments process for these visitors, NPCI International Payments Limited (NIPL) has partnered with Network International (Network), a digital commerce enabler across the Middle East and Africa (MEA) region.

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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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UBS under observation from pricing supervisor after acquiring Credit Suisse

Finextra

Following UBS’s takeover of Credit Suisse earlier this year, Swiss consumer pricing supervisor has put the bank under observation amid competition concerns that could bring about higher loan charges.

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PortfolioCloud Lands in UK to Improve Investment Workflows and Client Interactions

The Fintech Times

PortfolioCloud , the advanced portfolio management solutions provider, has touched down in the UK following a new integration partnership with Seccl , the Octopus -owned embedded investment platform. Having established itself in the Australian market, providing large financial institutions with flexible, modern API-advice tools, PortfolioCloud has made the decision to expand into the UK market by combining forces with Seccl.

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Fintechs Transforming Payments and Investments

Finextra

Join FinextraTV at Money2020 2024 as Galina Kersten, EMEA Head of Tech & Fintech Sales at Deutsche Bank, and Asya Karakus, Head of Banking Relations at SumUp, explore how fintechs are revolutionising payments and investments. They discuss the shift from cash to digital payments, including the impact of instant transactions. Discover how fintechs and banks collaborate to drive innovation and meet the evolving demands of consumers and merchants through advanced technologies like APIs and instant p

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Ascend Money Lands $195 Million from MUFG

Finovate

Ascend Money has received a $195 million investment. The funding round was led by Mitsubishi UFJ Financial Group (MUFG) Bank with contributions from Finnoventure Private Equity Trust I. The Thailand-based fintech will use the funds to build inclusive financial services in the region. Thailand-based Ascend Money announced this week it has received $195 million in funding from Mitsubishi UFJ Financial Group (MUFG) Bank.

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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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What other regions can learn from instant payments success in the Nordics and the UK

Finextra

At EBAday 2024, Peter Larsson, Director European Markets, Tietoevry Banking, chats through the future of the Instant Payments, and how success from the Nordic region and the UK showcase real-time value for Europe. Instant Payments are expected to become the universal standard in the coming years, and after bringing harmonisation through interest in real-time, Instant Payments will become the core and baseline for innovation of new products and services at banks for domestic and cross border paym

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Giesecke+Devrient Solution Looks to Remove Connectivity Pain Points for Digital Payment Transactions

The Fintech Times

Security technology company Giesecke+Devrient (G+D) has launched a new token-based payment solution, ‘G+D Filia Unplugged’, enabling secure offline payment transactions. Filia Unplugged ensures consecutive, secure offline digital payment transactions at any time and place and bridges the gap between seamless online and offline payments without reliable internet connectivity. “Offline payments are the missing link in the digital payment sphere.

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Tangem unveils crypto Visa card combined with hardware wallet

Finextra

Tangem AG, the leading global provider of secure hardware wallet solutions, is thrilled to announce a partnership with Visa, a world leader in digital payments, to enable an innovative self-custodial payment solution for hardware wallets.

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Transforming Quote-to-Cash: Chargebee-HubSpot Integration Use Cases for Subscription Growth

Chargebee

Subscription businesses are experiencing a significant transformation. The days of easy funding and unchecked growth expectations have been replaced by a period of rigorous scrutiny, where investors demand strong financial performance and a clear path to profitability. In this challenging macroeconomic environment, you must prioritize product innovation and unique value offerings and address operational inefficiencies to improve your bottom line.

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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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AI, the Mechanism for Anticipating Customer Needs

Finextra

Join FinextraTV at the Temenos Community Forum 2024 as Arun Thallapelly, Global Head of BSG, Temenos and Tielman Walters, Chief Technology Officer, Barko survey how digital innovation is helping banks make key connections with customers. Considering the wealth, facets and magnitudes of data available to financial institutions, the discussion taps into how effectively leveraging this data could provide banks with a detailed picture of how a customer currently behaves and would behave in the futur

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How to Create a Custom Sage Invoice Workflow on Sage Intacct

Paystand

Table of Contents What is Sage Intacct? Can Sage Automatically Send Invoices? Starting the Sage Intacct Custom Invoice Workflow Set-Up Step 1: Mapping Out Your Ideal Workflow Step 2: Brand Your Payment Portal Step 3: Set Up Autopay Step 4: Add the “Pay Now” Functionality Step 5: Tokenization Step 6: Receive Payments and Send Receipts Step 7: Generate Reports So Much More Than Invoicing Let Your Workflow Truly Flow With Paystand Key Takeaways Sage Intacct is a cloud-based financial solution for s

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Brazil is Fintech’s Next Frontier

Finextra

The best place to be for business is up-and-coming countries. Being in on the ground floor as a coun.

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Arbitrum or Optimism: Which Ethereum Layer 2 Solution Is Best for You?

CoinRemitter

Ethereum holds a very important position in the blockchain and decentralized applications space. However, due to its limited scalability, Ethereum’s biggest challenges include high fees and slow transactions. Arbitrum and Optimism are popular Ethereum scaling solutions for speeding up transactions and lowering costs. But figuring out which one is better for you can be confusing.

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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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UK Elections 2024: Labour's landslide victory

Finextra

Keir Starmer’s Labour Party wins by majority in the UK general election that took place yesterday.

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Visa and Mastercard to extend current cap on tourist card fees

The Paypers

The European Commission has announced that Visa and Mastercard will extend the current caps on tourist card fees established with EU antitrust regulators for an additional five years, through 2029.

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The Value of the LEI in Cross-Border Payments: Enhancing Account-to-Account (A2A) Owner Validation

Finextra

The need to harmonize cross-border trust services continues to grow in line with the ever-increasing.

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Japan's DNP joins the Open Identity Exchange (OIX)

The Paypers

The Open Identity Exchange ( OIX ) has announced the expansion of the digital ID collaboration to Japan with its Dai Nippon Printing ( DNP ) membership.

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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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Chainlink partners with Fidelity International and Sygnum

The Paypers

Chainlink has revealed a strategic alliance with Fidelity International and Sygnum to integrate Net Asset Value (NAV) data onto blockchain platforms.

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CommBank launches in app Travel Booking

The Paypers

Australia-based Commonwealth Bank has launched a Travel Booking service in the CommBank app, allowing users to search, book, and pay for flights and hotels through Hopper.

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EnergyFlex equips Australians with personalised energy insights

The Paypers

Australia-based energy data and insights company EnergyFlex has enabled Australians to access personalised energy usage insights and education.

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AMINA Bank partners with Pyth Network

The Paypers

AMINA Bank , a Switzerland-based crypto bank, has announced a strategic partnership with Pyth Network , a decentralized financial oracle.

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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.