Tue.Nov 12, 2024

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Young people fall prey to payments fraudsters

Payments Dive

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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Visa partners Affirm on card that lets shoppers toggle between payment types

Finextra

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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Western Union Launches Media Network

Finovate

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.

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UK financial watchdogs set out new rules for overseeing critical third party tech providers

Finextra

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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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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Driving successful digital transformation in banking with quality engineering

The Payments Association

Quality Engineering is transforming digital banking, enabling seamless innovation, operational continuity, and future-proofing in a rapidly evolving landscape. The global banking industry is currently undergoing widespread change from a regulatory and technology perspective. Digital transformation has become necessary for banks and financial institutions as they seek to modernise their systems, improve customer experiences, and maintain competitiveness in a rapidly evolving market.

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NatWest blocks WhatsApp

Finextra

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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More Trending

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What to Know About Tokenization

Basis Theory

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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Burges Salmon names new Financial Services sector head

The Payments Association

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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The Role of Partnerships Between Fintechs and Traditional Banks: A New Era of Collaboration

Fintech Review

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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Build vs buy? Strategic decisions in financial crime management

The Payments Association

What is this article about? Whether financial institutions should build or buy financial crime management systems. Why is it important? The choice affects compliance, efficiency, and fraud prevention capabilities. What’s next? Institutions may lean toward hybrid solutions to balance customisation with vendor support. As Financial crime grows increasingly complex, payment leaders face a critical choice: build an in-house financial crime management (FCM) solution or buy an established third-

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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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Outlier Ventures Bolsters LatAm Web3 Ecosystem With Launch of Region’s First Base Camp Programme

The Fintech Times

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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The continuing rise of metal cards: Elevating customer retention in the mass affluent market

The Payments Association

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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Thai Governor Highlights Data, Cross-Border Payment Initiatives at SFF 2024

Fintech News

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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Strivr launches XR training bundle for retail banking

Finextra

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

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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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Southeast Asia’s Fintech Sector Has Raised a Total US$ 1.4 Billion Funding in 2024

Fintech News

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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Mastercard Collaborates With Tap Payments on First Global Launch of ‘Click to Pay’ With Payment Passkey Service for Ecommerce

Fintech Finance

Mastercard has partnered with Tap Payments, one of the leading payment institutions and technology providers in the Middle East and North Africa, to introduce a global-first Click to Pay with Payment Passkey service for secure ecommerce transactions. Payment Passkeys will revolutionize the consumer journey by eliminating the need for One-Time-Passwords (OTPs) and enabling device-based biometric authentication methods such as fingerprints or facial scans.

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SCB 10X Introduces ‘Rubie Wallet’ for Stablecoin Payments at Devcon 2024

Fintech News

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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Sibstar Appoints GoHenry Co-Founder and CEO Louise Hill as Non-Executive Director

Fintech Finance

Sibstar , the UK’s leading debit card and app for people living with dementia, has today announced the appointment of GoHenry co-founder and CEO, Louise Hill, as a Non-Executive Director. Louise is a pioneer in the card and payments sector, having co-founded global fintech company GoHenry, the prepaid debit card and financial education app with a simple mission to make every kid smart with money.

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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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BlackRock, MAS Unveil Blended Finance Initiative for SE Asia Decarbonisation

Fintech News

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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PXP Financial Partners with US Payments Company North

Fintech Finance

PXP Financial , experts in global acquiring, payment, fraud and data analysis services, today announces a new partnership with North. Founded in 1992, North builds payment technologies that power businesses and organizations – from point of sale to ecommerce and payment APIs, backed by in-house processing. The partnership is a crucial next step in giving PXP Financial merchants and partners access to another acquirer connection in the US.

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Here’s Everything That Happened Singapore Fintech Festival 2024 in 10 Key Highlights

Fintech News

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

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Visa Recognizes Creators as Small Businesses

Fintech Finance

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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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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Govt Explains Decision to Block S$1.85B Capital Extraction Plan in Income-Allianz Deal

Fintech News

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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RedCompass Labs Launches Payments AI to Save Banks Millions

Fintech Finance

RedCompass Labs , the global experts in payments modernization, has launched the world’s first multi-agent AI solution engineered specifically to accelerate payments transformation: AnalystAccelerator.ai. Banks worldwide are juggling multiple, multi-year, multi-million-dollar modernization projects, such as ISO 20022, SEPA Instant in Europe, and FedNow and RTP in the US.

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Singapore Pledges US$500 Million to Drive Asia’s Decarbonisation at COP29

Fintech News

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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TRUSTECH, the Unmissable Event for Innovative Payments and Identification Solutions, is Back for an Excellent New Edition

Fintech Finance

TRUSTECH is back for its 40th edition! This year, more than 8,500 professionals from around the world, working in the card, payment and identification sector, are expected to take part. Over the course of three days, Pavilion 5.2 at Paris Expo will be hosting the very best of the identification and payment market. There, the most prominent experts in the field will be sharing their strategic assessments and their thoughts on the latest technological innovations, upcoming regulatory changes and m

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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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Jumio Names New Chief Revenue Officer

Fintech News

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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Mirakl and Mangopay Announce Strategic Partnership to Accelerate Growth of European Marketplaces with Mirakl Payout

Fintech Finance

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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Singapore Fintech Festival 2024 Wraps up With 65,000 Attendees From 135 Countries

Fintech News

The Singapore Fintech Festival (SFF) 2024 wrapped up on 8 November, drawing 65,000 participants from 134 countries and regions. This year’s attendance slightly trailed last year’s record of 66,000 participants. The ninth edition of the event featured discussions, showcases, and networking opportunities across several key zones, emphasizing innovation and collaboration in financial technology.

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CLOWD9 and Discover® Global Network Certification and Agreement Set to Expand Opportunities for Cross-Border Issuance

Fintech Finance

CLOWD9 , a leading cloud-native, B-Corp certified issuer processor, is excited to announce its strategic agreement and certification with Discover® Global Network, a prominent global payments network. This relationship marks a significant milestone in the realm of cross-border payments and issuer processing, ensuring enhanced services for customers worldwide.

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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.