Wed.Apr 09, 2025

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Airwallex Reports 153% Revenue Growth in Singapore for 2024

Fintech News

Airwallex , a global financial technology platform, reported a 153% year-on-year revenue increase in Singapore for FY2024. The company attributed the jump to strong transaction volumes and a particularly robust fourth quarter. The global payments and financial platform said revenue in Q4 2024 rose 215% year-on-year, while transaction volumes were up 192% during the same period.

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Security Bank Collaborates with Entrust to Enhance eKYC and Digital Onboarding

Finovate

Philippines-based Security Bank has announced a new collaboration with Entrust. The partnership will help the financial institution enhance its electronic Know Your Customer (eKYC) and digital onboarding processes. Headquartered in Minneapolis, Minnesota, Entrust is a veteran of Finovate’s developer conferences in 2015 and 2016. Identity-as-a-Service (IDaaS) innovator Entrust has entered into a new collaboration with leading Philippines-based financial institution Security Bank.

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Wise to Open Hyderabad Hub, Launches New Payment Feature for Indian Firms

Fintech News

Wise announced plans to open a new operational hub in Hyderabad, India, and has launched a new service for Indian businesses and freelancers to receive international payments. The Hyderabad office, described as a full stack hub, is due to open in the second half of this year and will support functions including product development, engineering, and operations.

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Optty Partners With GoCardless to Bring Global Bank Payments to Australian Businesses

Fintech Finance

Bank payment company GoCardless has announced a partnership with Optty , a payments API platform, to help medium and large businesses in Australia to simplify their payment processes, operate more efficiently, and scale with ease. This will allow customers to collect bank payments directly within the Optty platform, without the need to build their own integration or manage multiple providers.

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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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House votes to kill CFPB big tech payments rule

Payments Dive

The measure revoking the bureau’s oversight of large technology payments players, such as Google and Block, passed on a straight party-line vote.

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Tap Payments Sets Sights on Helping MENA Firms Expand Across Borders After Securing UAE Licence

The Fintech Times

The Central Bank of the UAE (CBUAE) has awarded a Retail Payment Services licence to Tap Payments , the MENA-based payment provider, bolstering the fintech’s aim to unify and simplify payments across the region. Having secured this latest licence from CBUAE, Tap Payments now boasts regulatory approval from every GCC country, making it one of the most licensed payment providers in the MENA region.

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Stripe Powers Cross-Border Payment System for Luckin Coffee Growth in Singapore and Malaysia

The Fintech Times

Stripe , the financial infrastructure platform for businesses, has partnered with China-based coffee chain Luckin Coffee to support its international expansion plans. Leveraging scalable infrastructure, technical support, and localisation capabilities from Stripe, Luckin Coffee has established a robust cross-border payment system to power its growth in Singapore and Malaysia.

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Global Forex Funds Launches New One-Phase Prop Trading Challenge in the UK

Fintech Review

London, United Kingdom, April 10th, 2025, FinanceWire Global Forex Funds (GFF) , a UK-based proprietary trading firm established in 2023, has announced the launch of its new Private Challenge, delivering a unique evaluation model designed for realistic, accessible funding, and setting a new standard among the best UK prop firms. This new evaluation model introduces a single-phase proprietary trading challenge featuring a 15% maximum drawdown, an 8% profit target, and a minimum requirement of onl

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dLocal and Cloudbeds Partner to Ensure Thai Hospitality Sector Can Reach Potential

The Fintech Times

Despite the hospitality sector in Thailand being projected to reach $1.5billion in 2025 and grow at a CAGR of 5.67 to $1.98billion by 2030, it is being held back by outdated infrastructure, manual reconciliation, and high cross-border fees. To combat this, dLocal, the cross-border payment platform connecting merchants to emerging markets, has partnered with Cloudbeds, the hospitality management tech provider.

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Rain raises $75M in equity funding

Payments Dive

With a fresh capital infusion, the earned wage access provider aims to launch more savings and credit products this year.

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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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FlexM Taps Ho Chee Wai as Singapore Country Head

Fintech News

Global fintech company FlexM has named Ho Chee Wai as its new Country Head for Singapore. Ho brings more than 20 years of experience to the position, covering general management, profit and loss responsibility, business strategy, and partnerships. His previous career includes leadership roles at Nium, Singtel, OCBC Bank, StarHub, Accenture, and the Infocomm Development Authority (IDA).

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US justice department disbands crypto fraud team

Finextra

The US Department of Justice is disbanding its national cryptocurrency enforcement team.

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Fiserv Acquires Australian Payment Facilitator Pinch Payments

Fintech News

Fiserv , a provider of payments and financial services technology, announced that it has acquired Pinch Payments, an Australian-based payment facilitator. Terms of the deal was not disclosed. Founded in 2017, Pinch serves around 2,000 merchants across Australia and New Zealand. Its platform offers tools that help businesses manage and scale payments more efficiently.

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DBS Bank and Bank of China customer records compromised in ransomware attack

Finextra

The Monetary Authority of Singapore is investigating a ransomware attack on Toppan Next Tech, a vendor responsible for printing customer statements for DBS Bank and Bank of China (BoC) in Singapore, which exposed the personal data of thousands of customers.

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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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Fiserv acquires Australian payment facilitator Pinch

Payments Dive

The move comes after the Milwaukee-based payments processor said it would expand its Clover point-of-sale service in Australia.

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Revolut fined €3.5 million by Lithuanian central bank for AML failings

Finextra

Revolut has been fined 3.5 million by the central bank of Lithuania for deficiencies in its anti-money laundering controls.

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US FPC's new report highlights how directory services impact instant payments

The Paypers

The US Faster Payments Council (FPC) has released a new report, developed by the FPC Directory Models Work Group, offering details on how directory services can optimise the security and efficiency of instant payments.

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Kraken and Mastercard team on crypto debit cards

Finextra

Cryptocurrency exchange Kraken is working with Mastercard to allow customers in the UK and Europe to spend their crypto at over 150 million merchants worldwide.

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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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Tata Capital begins IPO process in bid for 2025 listing

The Paypers

Tata Capital has initiated the process for a public listing on the National Stock Exchange of India in what has been positioned as one of the largest potential IPOs in the country for 2025.

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Taurus launches interbank network for digital assets

Finextra

Swiss blockchain startup Taurus has rounded up 35 banks for the launch of its interbank network for digital assets.

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Ripple acquires Hidden Road in USD 1.25 billion deal

The Paypers

Ripple has announced plans to acquire Hidden Road , a global prime brokerage platform, in a transaction valued at USD 1.25 billion.

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Ryft raises £5.7m to take on Stripe Connect and Adyen

Finextra

UK-based decentralised payments platform Ryft has raised 5.7 million in Series A funding to help acquiring banks take on industry giants Stripe Connect and Adyen.

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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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Amount Selects ValidiFI to Enhance Digital Origination Solutions

Fintech Finance

Amount , a leader in consumer and small business deposit account opening and loan origination software, has selected ValidiFI , the leading provider of predictive bank account and payment intelligence, to enhance its digital origination capabilities. By integrating ValidiFI’s cutting-edge solutions with Amount’s powerful SaaS platform, the partnership aims to provide financial institutions (FIs) with even more robust, cloud-first technology to improve lending decisions.

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Lloyds Banking Group accelerates AI development with Google Cloud

Finextra

Lloyds Banking Group is building a new machine learning (ML) and Generative AI (GenAI) platform using Google Clouds Vertex AI.

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ECB calls for EU payments independence

The Paypers

The ECB has underscored the urgent need for Europe to reduce its dependence on foreign-controlled digital payment systems, including Visa, Mastercard, PayPal, and Alipay.

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BofE eyes AI's risk to financial stability

Finextra

As firms integrate more advanced AI-based analysis into their core trading and investment activities, regulators need to vigilant about potential financial stability risks, the Bank of England's Financial Policy Committee warns.

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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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Testing the conversion impact of 50+ global payment methods

Stripe

We have data that shows when at least one additional relevant payment method beyond cards is dynamically surfaced, businesses on average see a meaningful increase in conversion and revenue.

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FCA to make it easier for startups and innovative products to get to market

Finextra

The Financial Conduct Authority has unveiled plans to make it easier for firms to test innovative products and to support new firms applying for regulatory approval as part of its work programme for 2025-2026.

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XDC-to-Fiat Off-ramp Now Live on XDC.Cash, Powered by Encryptus

Fintech Review

Dubai, UAE, April 10th, 2025, FinanceWire XDC Network continues to strengthen its ecosystem with the launch of XDC.Cash, a Next-Generation Crypto Payment Solution powered by Encryptus. XDC holders can now convert their tokens into local currencies and alternative payment methods (APMs) across 100+ countries, making real-world utility more accessible than ever.

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Why Cybersecurity Should Be a Top Priority in Fintech

Finextra

"In the world of digital finance, cybersecurity is not just a featureits the foundation.&quot.

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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.