Wed.May 01, 2024

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Stripe unbundles services as industry shifts

Payments Dive

The company’s move to decouple embedded financial services from payment processing means it’s ready to pursue larger customers, analysts said.

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Bank of Ireland to equip call centres with single customer view and voice biometrics

Finextra

Bank of Ireland is spending €34 million to overhaul its call centre operations, providing operators with a single customer view and introducing voice biometrics for added security.

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US inches forward on real-time payments: report

Payments Dive

“Real-time payments are still in their infancy in the U.S., accounting for only a 1.5% share of the total payments volume in 2023,” ACI Worldwide said.

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FinTech Australia and Thai Fintech Association Partner to Unleash Growth Potential of Southeast Asia

The Fintech Times

FinTech Australia , the member-driven group building an ecosystem for Australian fintechs, is collaborating with the Thai Fintech Association after the two organisations signed a memorandum of understanding (MOU), to promote fintech capability between Australia and Thailand. Thai Fintech Association president Chonladet Khemarattana and Brian Collins , the deputy chair at FinTech Australia, signed the MOU in Bangkok, Thailand, joined by a group of fintech lenders, venture capitalists, corporate i

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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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SMBs are increasingly opting for real-time payments, leaving credit cards behind as their preferred choice

Tearsheet

The RTP payments network reached a milestone by processing over 1 million payments in a single day on September 1, 2023. EWA and gig worker payments emerged as the network’s primary drivers , surpassing account-to-account (A2A) transfers. However, in the healthcare sector, small and medium-sized businesses (SMB) have increasingly turned to RTP payments for A2A transfers, showing a surge compared to credit cards and checks over the past year, according to a new report by PYMNTS.

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Pleo secures €40M debt financing from HSBC Innovation Banking

Finextra

One of Europe’s leading spend management platforms, Pleo, has secured a €40 million debt financing facility from HSBC Innovation Banking UK, the specialist financial partner for the innovation economy.

More Trending

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Monese splits in two

Finextra

Mobile banking startup Monese has confirmed the break up of the business into separate consumer-facing and corporate concerns and the arrival of new funding.

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One-Click Checkout: Benefits and Drawbacks

Basis Theory

If there’s one thing that everyone who’s ever sold anything can agree on it’s this: the harder it is for the customer to close a deal, the less likely it is that they’ll do so. And if there’s anything consumers can agree on it’s how much we hate to expend effort on buying something - there’s a reason people universally loathe the paperwork-heavy process of buying a car.

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BNPL firm Sezzle turns to gamification to encourage timely payments

Finextra

Buy now, pay later provider Sezzle is gamifying on-time payments with a loyalty programme designed to encourage financial responsibility.

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MAS Ends Six-Month Restriction on DBS, Retains Additional Cap Requirement

Fintech News

The Monetary Authority of Singapore (MAS) has declared it will not extend the six-month restriction previously placed on DBS Bank. The pause, which spanned from 1 November 2023, to 30 April 2024, aimed to focus the bank on enhancing the resilience of its digital banking services. The directive was a response to multiple service disruptions faced by DBS Bank customers in 2023, leading to a comprehensive review and remediation plan.

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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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Synctera appoints Ellen Linardi as chief product and technology officer

Finextra

I’m extremely pleased to share today that we’ve created, and filled, a new role at Synctera -- Chief Product and Technology Officer (CPTO).

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Binance Founder Zhao Receives Four-Month Sentence, Start Date Yet to Be Set

Fintech News

Changpeng Zhao, the founder and former CEO of Binance , the world’s largest cryptocurrency exchange, has been sentenced to four months in prison by U.S. District Judge Richard Jones in Seattle, according to Bloomberg. The sentence comes as a conclusion to a lengthy investigation by the Justice Department into violations that enabled cybercriminals and terrorist groups to use the platform for illicit transactions.

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EBAday 2024: What are the immersive trends in payments technology?

Finextra

Artificial intelligence (AI) and cloud computing are rapidly changing the way payments services providers (PSPs) operate.

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AIA Singapore Opens New Wealth Centre for High-Net-Worth Clients

Fintech News

AIA Singapore recently inaugurated its AIA Wealth Centre at Six Battery Road as part of its strategy to serve the affluent and high-net-worth (HNW) individuals and families in the region. The opening event was graced by Gillian Tan, Assistant Managing Director of the Development and International Group and Chief Sustainability Officer of the Monetary Authority of Singapore.

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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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PayPal, Bread brace for late fee cap

Payments Dive

Payments and credit card companies are scrambling to soften the blow of an impending $8 cap on credit card late fees.

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Eri Budiono to Lead Indonesia’s Bank Neo Commerce as New CEO

Fintech News

Bank Neo Commerce (BNC) , an Indonesian digital bank, has named Eri Budiono as its new Chief Executive Officer (CEO) in a strategic leadership reshuffle, according to Tech in Asia. The appointment was confirmed during the company’s general shareholders meeting, following the resignation of former CEO Tjandra Gunawan in June 2023. Eri Budiono brings a wealth of experience from his previous roles, including Head of Commercial Banking at HSBC and Global Banking Director at Maybank Indonesia.

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Tech giants monetize AI

Bank Automation

Tech giants across the board are looking to monetize AI as they continue to pour funds into developing technology and cloud services. “We have clear paths to AI monetization through ads and cloud, as well as subscriptions,” Chief Executive Sundar Pichai said during Google’s April 25 earnings call.

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Airwallex Rolls Out Startup Support Programme in Australia

Fintech News

Global payments firm Airwallex has launched “Airwallex for Startups,” a new initiative aimed at supporting the growth of Australian startups. The programme offers a variety of resources, including practical financial management tools, networking opportunities, and content designed to help new businesses expand more effectively and efficiently. “Airwallex for Startups” is freely available to any registered business in Australia with between 2 to 100 employees, offering the

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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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National Bank of Iraq goes live with Temenos

The Paypers

The National Bank of Iraq has gone live with Temenos core banking and payments, aiming to develop new products faster and optimise the customer experience.

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Transactions: EverBank selects Finzly to update payment processing system

Bank Automation

EverBank has selected payment and financial solutions provider Finzly to update its payment processing system, according to an April 18 release. The $34.6 billion, Jacksonville, Fla.

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Blockchain researchers use AI to spot Bitcoin money laundering

Finextra

Researchers from Elliptic, IBM Watson and MIT have used AI to detect money laundering on the Bitcoin blockchain.

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FSB Asia Members Gather to Tackle Key Climate, Regulatory and Cross-Border Friction Challenges

The Fintech Times

Crypto-asset regulations, recent developments in the artificial intelligence (AI) space, and the growing risk of climate change emerged as key priorities as the Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) gathered in Colombo, Sri Lanka on Monday 29 April. As members met to discuss these key topics, the FSB Asia group provided an update on its work programme, discussing how members could contribute to its emerging market and developing economies-focused work.

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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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Coupa and Bottomline bid to simplify digital payment processes for businesses

Finextra

Coupa, the margin multiplier company, and Bottomline, a global leader in business payments, announced a strategic partnership to simplify digital payment processes for businesses.

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Norfolk’s ‘Flourishing’ Fintech Sector Set For £100Million Valuation by 2027; Reveals Tech East

The Fintech Times

Although London remains the UK’s largest fintech hub, the development of the sector outside of the capital is impossible to ignore. One region enjoying significant success is Norfolk, where the fintech sector could be worth north of £100million by 2027; according to new research commissioned by Tech East , the network of tech firms in the East of England.

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Network International rolls out Mastercard Instalments across the UAE

Finextra

Mastercard and Network International, the leading enabler of digital commerce across the Middle East and Africa, have collaborated to roll out Mastercard Installments in the UAE.

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Mashreq Egypt and Visa launch Mashreq NEO Visa card

The Paypers

Mashreq Egypt and Visa have partnered to unveil the Mashreq NEO Visa Card, heralding a transformative era of banking convenience in Egypt.

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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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Fingerprint and Oscilar combine to combat payment fraud

Finextra

The world’s most accurate device intelligence platform, Fingerprint and Oscilar, a trailblazer in AI-driven risk and fraud management, partner to empower fintech companies with advanced fraud prevention and detection capabilities while ensuring a frictionless customer experience.

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Amazon makes a subscription play

Payments Dive

The giant digital retailer has created a new payment flow connected to groceries.

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EY and Sap Fioneer ally

Finextra

The EY organization has announced an alliance between SAP Fioneer, a world-class software solution provider for financial services, and EY ifb SE to help facilitate software selection, business transformation, training and change management in the financial services industry.

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Meet the Sustainability & Inclusion Scholarship Winners for FinovateSpring 2024

Finovate

This year FinovateSpring will feature eight startups that are winners of our Sustainability & Inclusion Scholarship program. The program is designed to showcase underrepresented founders and startups who are creating innovative solutions to combat climate change, promote diversity, and create financial inclusion. To be eligible for the Finovate Sustainability & Inclusion Scholarship program, fintech and technology companies must have less than $7 million in funding.

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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.