Payments Dive

NOVEMBER 12, 2024

Debit and credit card users under 40 years old are more likely than older peers to experience fraud in making payments, a recent J.D. Power survey found.

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Credit Cards Payments 108

Fintech News

NOVEMBER 12, 2024

The government blocked Income Insurance’s proposed S$1.85 billion capital extraction over three years, a key component of its deal with Allianz, citing misalignment with commitments made during its corporatisation and regulatory concerns. This decision was revealed in a parliamentary reply addressing questions on Income’s financial adviser and capital reduction exercise.

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Blocks Addressing Government Governance 110

The Payments Association

NOVEMBER 12, 2024

Dialect Communications, an award-winning Business Process Outsourcer (BPO) that provides front and back office solutions in the Payments sector across the globe is thrilled to partner with Yordex, a provider of cards, Ibans and cross border payments helping businesses to offer their own cards and automate their payouts. The collaboration merges Dialect’s expertise in customer experience within the Payments sector to provide industry leading customer support solutions for the Yordex customer base

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Cross-Border Payments Cross-Border IBAN Card Issuer 88

Fintech News

NOVEMBER 12, 2024

SCB 10X, a subsidiary of SCBX Group, has launched Rubie Wallet, a digital wallet specifically designed for international visitors attending Devcon 2024 and related side events in Bangkok. Rubie Wallet marks Thailand’s first implementation of Purpose-Bound Money (PBM), introduced under the regulatory sandbox framework established by the Bank of Thailand (BOT) and the Securities and Exchange Commission (SEC).

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Stablecoins Bots Financial Inclusion Payments 109

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The Payments Association

NOVEMBER 12, 2024

Independent UK law firm Burges Salmon has announced the appointment of partner Martin Cook as the new head of the firm’s significant and fast growing Financial Services sector. In his new role, Martin will play an instrumental part in continuing to grow the firm’s presence in the sector and enhancing its innovative solutions to continue to support clients with every day legal needs, business critical projects and every touchpoint in between.

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Cross-Border Disputes Legal Laws 88

Basis Theory

NOVEMBER 12, 2024

Historically, data security has been treated as featureless and burdensome—but a necessary expense incurred by organizations. Tokenization, however, has reframed the conversation, leading to an explosion in its usage. Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers.

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Fintech News

NOVEMBER 12, 2024

Dr. Sethaput Suthiwartnarueput, Governor of the Bank of Thailand , recently addressed the Singapore Fintech Festival, sharing insights on Thailand’s advancements in digital finance. He emphasized the country’s successful implementation of the PromptPay system and QR code standards, which have significantly broadened access to digital payments while prioritizing security.

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The Payments Association

NOVEMBER 12, 2024

In an era marked by technological advancements and evolving consumer preferences, high-end banks and financial institutions are constantly seeking for innovative ways to cater for the demands of the discerning mass affluent market. One trend that has been gaining significant traction is the growing demand for metal cards. These sleek and sophisticated cards are not just a status symbol; they are a strategic tool that can significantly boost customer retention.

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Continuity On-Demand Innovation Payments Tools 88

Fintech News

NOVEMBER 12, 2024

Global neobank Revolut has launched a unique debit card vending machine at the National University of Singapore (NUS), touted to be the first of its kind in Singapore. Students can obtain their free Revolut x Visa debit card from the vending machine by getting a card, scan the QR code on the packaging, and sign up for an account. Existing customers can also use the machine to get a replacement card.

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Debit Card Alternative Payment Methods Financial Literacy Underserved 101

Finextra

NOVEMBER 12, 2024

Extended reality (XR) platform Strivr has unveiled an off-the-shelf immersive learning bundle for retail banking and financial services.

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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 News

NOVEMBER 12, 2024

Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS) Gan Kim Yong addressed the safety of digital banking services for minors under 16 in a written parliamentary reply. Gan Kim Yong He clarified that bank accounts for minors can only be opened by parents, either as joint accounts or accounts solely in the child’s name.

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Accounts Financial Literacy Transaction Limits Scams 90

Fintech Review

NOVEMBER 12, 2024

In the past decade, the financial services sector has witnessed an exciting shift. Fintech companies and traditional banks are increasingly working together. This wave of collaboration marks a significant evolution in the industry. Historically seen as competitors, fintechs and banks now find common ground to enhance services and reach broader audiences.

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FinTech Financial Inclusion Regulatory Compliance Compliance 85

Fintech News

NOVEMBER 12, 2024

In 2024, Southeast Asia’s fintech sector showcased resilience, defying global funding trends with only a marginal 1% year-on-year (YoY) decline. This figure stands in stark contrast to North America and Europe where funding plummeted by more than 30%, a new report by UOB, Pwc Singapore and the Singapore Fintech Association (SFA) says. The 2024 Fintech in ASEAN report, which examines the fintech landscape in the six largest markets of the Association of Southeast Asian Nations (ASEAN-6), highligh

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FinTech NOV Fraud Detection Blockchain 85

Fintech Finance

NOVEMBER 12, 2024

Today, Visa (V: NYSE) announced that the Flexible Credential is expanding to the U.S. and will be rolling out with Affirm, and in the United Arab Emirates with Liv, giving millions more people greater choice and control over how they pay. “The Visa Flexible Credential all started with a simple idea that consumers should easily be able to choose how they want to pay,” said Jack Forestell, Chief Product and Strategy Officer, Visa.

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Credential Cross-Border Multi-Currency Online and Mobile Banking 83

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

NOVEMBER 12, 2024

Jumio, a provider of AI-driven identity verification and compliance solutions, has named Mike Nawrocki as its new Chief Revenue Officer. With over 25 years of experience in sales and revenue leadership, Nawrocki has led high-performing teams through significant growth phases, including an IPO and five acquisitions. He previously served as CRO at Trustwave and has held senior roles at Capgemini, Leidos, and Lockheed Martin.

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Verification On-Demand Compliance AI 83

Fintech Finance

NOVEMBER 12, 2024

The RTP® network, the largest instant payments system in the United States operated by The Clearing House , now averages over 1 million payments per day. The RTP network also set single day records of 1.46 million transactions valued at $1.24 billion on November 1. In October, the RTP network experienced a record 31.7 million transactions valued at $25.4 billion, up 6.2% and 9% respectively, from September, as financial institution customers continued to enjoy the ease and speed provided by inst

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RTP Instant Payments Real Time Payments Payments 82

The Fintech Times

NOVEMBER 12, 2024

The mastermind behind the accelerator programme Base Camp, Outlier Ventures , the Web3 accelerator, has announced that Bando , Berry Investing , Fact Finance , Loula and IDENTI will be taking part in its Latin America (LatAm) edition. The LatAm Base Camp is an inaugural accelerator programme dedicated to partnering with Web3 startups in Latin America.

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Stablecoins Cross-Border Financial Inclusion Underserved 80

Fintech Finance

NOVEMBER 12, 2024

At the opening session of Web Summit in Lisbon, Portugal, Visa unveiled significant commitments to digital creators. Acknowledging the impact of creators on the digital economy, Visa officially recognized creators as small businesses. Today, creators can easily and securely pay and be paid with Visa’s financial tools, resources and products made available to small businesses worldwide.

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Small Business Debit Card Financial Literacy Economy 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

Finextra

NOVEMBER 12, 2024

Visa has joined forces with Affirm to bring its 'flexible credential' technology to the US via a card that can toggle between debit and BNPL payment options.

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BNPL Credential Payments Technology 80

Fintech Finance

NOVEMBER 12, 2024

Planet, a global provider of integrated payments and technology solutions for retail and hospitality customers, today announced the appointment of Eric Heurtaux as its Chief Executive Officer (CEO), effective from 1st January 2025. Heurtaux’s appointment reflects the leadership role he has taken with the Planet management team and the Board of Directors to shape Planet’s strategy, strengthen operations and deliver profitable growth.

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Multi-Currency On-Demand Processors Technology 70

Finextra

NOVEMBER 12, 2024

Brazillian digital banking behemoth Nubank has reached 100 million customers on its home turf, capturing 57% of the adult population in the country.

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Fintech News

NOVEMBER 12, 2024

BlackRock and the Monetary Authority of Singapore (MAS), alongside other partners, will develop a new blended finance debt programme focused on industrial transformation projects under MAS’ Financing Asia’s Transition Partnership (FAST-P) initiative. The partners, including the International Finance Corporation (IFC), Mitsubishi UFJ Financial Group (MUFG), Nippon Export and Investment Insurance (NEXI), and AIA Group (AIA), announced the collaboration at COP29 with the signing of a St

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Finance Authorization Economy FinTech 69

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Finextra

NOVEMBER 12, 2024

UK financial regulators have confirmed new rules to bolster the resilience of technology and other third parties providing key services to financial firms.

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Rules Regulations Technology 78

Finovate

NOVEMBER 12, 2024

Western Union has launched its Media Network to help brands reach and engage with its diverse, multicultural customer base. In addition to providing brands with valuable insights and audience segmentation tools, the Media Network also allows companies to advertise through Western Union’s website, mobile app, in-store screen network, and digital channels.

PayPal 69

PayPal Cross-Border Cross-Border Payments Industry Trends 69

Fintech Finance

NOVEMBER 12, 2024

Mirakl , the leading provider of eCommerce software solutions, has chosen Mangopay’s modular payment technology to power its Mirakl Payout solution in Europe. Through this collaboration, Mirakl Payout integrates Mangopay’s e-wallet technology and know-your-business (KYB) capabilities, enhancing marketplace payouts. Mirakl Payout streamlines payment operations for Mirakl customers, providing a fully automated, transparent solution for managing complex payment flows, including seller onboarding,

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Volume Facilitators Transactions Compliance 67

Finextra

NOVEMBER 12, 2024

NatWest has banned WhatsApp, Facebook Messenger and Skype on company phones and computers amid concerns about regulatory scrutiny of record keeping.

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Blocks 75

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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

Fintech News

NOVEMBER 12, 2024

Singapore has pledged up to US$500 million in concessional funding to support decarbonisation efforts in Asia at the 29th United Nations Climate Change Conference (COP29) today. This funding will support the Financing Asia’s Transition Partnership (FAST-P), a blended finance initiative launched by the Monetary Authority of Singapore (MAS) in 2023.

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Authorization Finance Government Governance 66

The Fintech Times

NOVEMBER 12, 2024

AU10TIX , the global identity verification and management firm, has expanded its operations in India after establishing a dedicated presence in Bengaluru. AU10TIX says this move makes its identity verification solution more accessible, enhancing its ability to serve 1.4 billion citizens in India and support its rapidly growing digital economy with AI-powered technology.

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Verification Cross-Border APACS AI 64

Fintech News

NOVEMBER 12, 2024

The ninth edition of the Singapore Fintech Festival (SFF) wrapped up on 8th November, concluding a dynamic week-long of celebration of fintech that brought together tens of thousands of participants from around the world. The year’s conference featured an impressive lineup of over 900 speakers across more than 400 sessions. These experts covered some of the industry’s hottest trends and most urging issues, including artificial intelligence (AI), quantum computing, digital assets, next-generation

FinTech 64

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 64

Fintech Review

NOVEMBER 12, 2024

Bengaluru, India, November 12th, 2024, FinanceWire In a landmark move following the 16th BRICS Summit, BackD is set to launch BRICS-backed stablecoins, aiming to redefine financial independence for emerging economies. Aligned with the summit’s focus on economic autonomy and alternatives to the U.S. dollar, BackD’s stablecoins provide a decentralized solution that empowers BRICS countries to strengthen their own financial systems.

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Stablecoins Economy Multi-Currency Cross-Border 64

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