VISTA InfoSec

JULY 17, 2024

Cybersecurity matters a lot today, and it touches everyone around the globe. With hackers becoming smarter, protecting information has never been more critical. Now, imagine trying to stay safe online but not understanding the warnings because they’re not in your language. That’s where multilingual cybersecurity comes into play – it breaks down language barriers so everyone can understand how to protect themselves.

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Finovate

JULY 17, 2024

After months of deliberation, the finalists for the 2024 Finovate Awards have been selected! In categories ranging from “Best Alternative Investments Solution” to “Top Emerging Fintech Company,” more than 130 innovative companies and individuals have made the short-list. We are now set for an exciting autumn showdown when winners are announced at Finovate Fall 2024 in New York in September.

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The Fintech Times

JULY 17, 2024

For four years, Apple has been making its case to the EU that it is not monopolising the payments and technology markets by restricting who can use its tech. In order not to face heavy fines, Apple has allowed its rivals access to its tap-and-go payments technology through its NFC chip, free of charge. But how impactful will this be on the payments market and what consequences might Apple face as a result?

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Finextra

JULY 17, 2024

Amid a challenging fundraising environment, 13books Capital has closed a new £121 million fund to invest in the founders building tomorrow’s fintech businesses.

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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

Payments

NFCW

JULY 17, 2024

SWITCHED ON: MBTA is enabling public transport users to pay for travel using their contactless cards Public transportation users in the Greater Boston area will be able to use a contactless debit or credit card to pay for their fares on buses, Green Line trolleys, Mattapan Line trolleys, and at all gated subway stations from 1 August 2024, the Massachusetts Bay Transportation Authority (MBTA) has announced. “Riders with weekly or monthly passes or those who would like to continue to use th

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Fintech News

JULY 17, 2024

PT GoTo Gojek Tokopedia Tbk has announced the appointment of Simon Ho as its new Chief Financial Officer (CFO), effective 30th August. Following shareholder approval at the upcoming Extraordinary General Meeting of Shareholders (EGMS) on the same date, Ho will also join the company’s Board of Directors. Ho brings over 25 years of experience in financial management, corporate strategy, capital markets, and investor relations.

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Fintech News

JULY 17, 2024

The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) have signed a Memorandum of Understanding (MoU) to enhance bilateral cooperation in payment systems. This agreement was part of a visit to the UAE by Indonesian President Joko Widodo. The MoU was signed by Khaled Mohamed Balama, Governor of the CBUAE, and Perry Warjiyo, Governor of BI. It builds on a previous MoU from November 2023, which facilitated cooperation in payment systems and digital innovation, and supported the use of local c

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Finextra

JULY 17, 2024

Chase customers will soon be banned from using their credit cards to pay for third-part BNPL instalment plans.

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Fintech News

JULY 17, 2024

DBS is set to deploy an Gen AI-powered virtual assistant, named “CSO Assistant,” to its 500 Customer Service Officers (CSOs) in Singapore by the end of 2024. The Gen AI-powered CSO Assistant aims to improve the efficiency and effectiveness of handling over 250,000 consumer and corporate customer queries each month. Developed in-house by DBS ‘s AI engineers, the CSO Assistant integrates a Large Language Model tailored to local languages with voice telephony and speech recognitio

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Fintech Finance

JULY 17, 2024

It is now possible to quickly pick up a packet of flour or a bottle of wine around the clock – including weekends – in the village of Freckenfeld (Rhineland-Palatinate, Germany). The local village store had been closed since May 2023 and was recently reopened with a new operator and a new concept: as a 24/7 grocery store with self-service. To ensure a smooth operation, Diebold Nixdorf (NYSE: DBD) equipped the store called “Dorfladen Freckenfeld – Powered by EDEKA Paul” with two DN Se

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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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Fintech News

JULY 17, 2024

Allianz has announced plans to acquire a majority stake in Singapore’s Income Insurance through its subsidiary, Allianz Europe B.V. The pre-conditional voluntary cash general offer aims to purchase at least 51 percent of Income Insurance’s shares, pending regulatory approval. Allianz ‘s offer of S$ 40.58 per share values the 51 percent stake at approximately SG$ 2.2 billion (EUR 1.5 billion).

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Finextra

JULY 17, 2024

UK digital bank Monzo has unveiled a new account package for children between the ages of six and 15.

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Accounts 122

Fintech News

JULY 17, 2024

The rapid ascent of cryptocurrency has ushered in a new era of financial innovation, but it has also created novel challenges in combating financial crime. A recent comprehensive report by Chainalysis sheds light on the intricate world of crypto-related money laundering. The far-reaching study encompasses both crypto-native and non-crypto native methods, as well as strategies for prevention.

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Fintech Finance

JULY 17, 2024

Buying a snack or premium beverage on Delta Air Lines flights just became quicker and easier for both flight attendants and passengers. Delta Air Lines and Elavon , a wholly owned subsidiary of U.S. Bank and one of the largest payments processors globally, now offer Tap to Pay on iPhone across all U.S.-based domestic flights, allowing travelers to pay simply and easily with contactless credit cards credit and debit cards, Apple Pay and other digital wallets.

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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

JULY 17, 2024

MariBank, a digital bank licensed by the Monetary Authority of Singapore and a wholly-owned subsidiary of Sea Group, reported a significant rise in income for 2023, yet its losses also increased, as reported by DealStreetAsia. The digital bank saw its total income for the year ending 31 December 2023, surge over sixfold to S$10.1 million (approximately US$7.49 million) from S$1.6 million the previous year.

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Fintech Finance

JULY 17, 2024

End-to-end payments platform, Ecommpay , has fully integrated the Click to Pay flow within its online payment interface. It is currently working with Mastercard to onboard a selection of existing customers into Click to Pay for a more secure and seamless payment process. Ecommpay merchants are already benefiting from reduced fraud and higher approval rates for their Card on File payments by leveraging network tokens for both online and in-app payments.

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Fintech News

JULY 17, 2024

Arta Finance, a U.S.-based digital family office for accredited investors, announced it has received a Capital Markets Services license from the Monetary Authority of Singapore. The platform will be open for Singaporean residents and other investors later this year. Those interested can join the waitlist here. This launch follows Arta’s expansion of its product offerings and its exit from stealth in 2022, backed by more than S$120 million from investors including Peak XV, Ribbit, and Coatu

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Fintech Finance

JULY 17, 2024

Flutterwave , Africa’s leading payments technology company, is excited to be included in the top 250 fintech companies in the world by CNBC and Statista for the first time. The list, which also features global companies like Ali Pay, Klarna, Flywire, Robinhood and Mastercard highlights stand out companies for their achievements during the year. The list also honours and recognises companies that have contributed significantly to the transformation and innovation of the financial services industr

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Cross-Border Payments FinTech Cross-Border Financial Inclusion 95

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

JULY 17, 2024

Zodia Markets, a digital asset trading firm backed by Standard Chartered, has acquired Elwood Technologies’ over-the-counter (OTC) trading business, Elwood Capital Management Ltd (ECML). The sale marks Elwood’s aim to focus on its institutional-grade SaaS products, including advanced Execution Management and Portfolio & Risk Management Systems.

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NACHA

JULY 17, 2024

HERNDON, Virginia, July 18, 2024 – Same Day ACH reached new heights of payment volume and value as the modern ACH Network posted significant volume and value increases in the second quarter of 2024, Nacha reported. There were 8.3 billion ACH payments in the second quarter, an increase of 6.3% over the same time period in 2023. The dollar value of these ACH payments totaled $21.6 trillion, a 7% increase.

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Fintech Finance

JULY 17, 2024

Valor PayTech , a leading innovator in the payments industry, is pleased to announce its strategic partnership with PayTech Women , an organization dedicated to expanding opportunities for women in payments and fintech. This collaboration signifies a commitment to fostering diversity and innovation within the technology and financial sectors. As part of this pioneering partnership, Valor PayTech will work closely with PayTech Women to empower female professionals through various initiatives, inc

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Innovation FinTech Technology Finance 93

The Fintech Times

JULY 17, 2024

Bridging the gap between traditional finance and decentralised finance (DeFi) is a struggle firms have faced for years. Two firms combining forces to make this simple and more seamless are Global Digital Finance (GDF), the global members association and platform for open innovation in digital assets in financial services and the Global LEI Foundation (GLEIF), the global not-for-profit organisation.

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Best Practices Interoperability Message Standards Legal 113

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

Fintech Finance

JULY 17, 2024

The Ajman Transport Authority from the UAE has partnered with BPC, a global leader in payment solutions, to become the first authority in the UAE to implement modern payments technology on public transport buses, enhancing smart services within the transportation sector, through introduction of O-CITY , a solution for Smart Cities’ and mobility developed by BPC.

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Authorization Online and Mobile Banking Contactless Payments Bank Card 92

Bank Automation

JULY 17, 2024

Truist cut jobs in core technology and operations following more recent pullbacks on tech at the institution. “We recently notified technology teammates about certain roles that will be impacted by Truist’s strategic initiatives,” a Truist spokesperson told Bank Automation News.

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Automation Technology 80

Tearsheet

JULY 17, 2024

For the average person, keeping track of how their money is spent is a common activity. Here, having transactional information and purchase history is critical – it allows customers to remain vigilant and also quickly spot when something is amiss. 50% of customers analyzed a purchase in the last year, and 24% investigated a payment because they did not recognize it, according to recent research by Mastercard.

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Bank Automation

JULY 17, 2024

HSBC Holdings Plc staff entering Georges Elhedery’s office in Dubai used to joke that it felt like walking into a freezing meat locker. The executive told a colleague that the abnormally cold room made him more productive.

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Payments Dive

JULY 17, 2024

The student loan sale is the latest loose end Discover seeks to tie up since Capital One announced its intent to purchase the card company.

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Fintech Finance

JULY 17, 2024

JTL-Software GmbH (JTL) , a leading German e-commerce solution provider, and the Dutch financial services provider Mollie are entering into a strategic partnership. The long-term partnership is the result of collaboration on individual projects since August 2023. It enables seamless integration of Mollie’s payment services into JTL’s e-commerce solutions and offers merchants enhanced payment options and an improved shopping experience for end customers.

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Payment APIs and Integration Payments Payment Solutions API 89

NFCW

JULY 17, 2024

AGREEMENT: Apple is to open up access to the iPhone’s NFC functionality via Host Card Emulation The European Commission has agreed to accept Apple’s proposal to open up access to the iPhone’s NFC functionality via Host Card Emulation (HCE) — with modifications that will also make it possible for iPhones to support person-to-person and merchant transactions via SoftPOS. “The European Commission has made commitments offered by Apple legally binding under EU antitrust rules,

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Payment Service Provider (PSP) Use Case Legal Agreements 75

Bank Automation

JULY 17, 2024

Ally Financial continues to invest in its digital capabilities as clients gravitate toward its online channels. “We’ve made significant investments to modernize our technology platform, including the core operating system of the auto finance business and ongoing investments in data and analytics,” Chief Executive Michael Rhodes said during today’s second-quarter earnings call.

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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.

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