Finextra
MAY 21, 2024
Swift is working with 25 leading cash management banks and 20 corporates to develop a white labelled transaction tracking service for ISO 20022 messages across the entire payment chain.
The Fintech Times
MAY 21, 2024
In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. This May, The Fintech Times is looking to showcase some of these new methods and explore how the digital asset ecosystem is evolving.
Fintech News
MAY 21, 2024
As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). A recent report by SBI Digital Asset Holdings (SBI DAH) sheds light on the growing interest and adoption of these innovative financial instruments among institutional investors.
Finextra
MAY 21, 2024
German regulator BaFin has fined N26 €9.2 million for anti-money laundering failures but could be preparing to lift a cap on the number of new customers the digital bank can take on.
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
Payments Dive
MAY 21, 2024
“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said.
Finextra
MAY 21, 2024
Stripe is strengthening its position in the UK, opening a flagship London office in the heart of the City, and launching its first Open-Banking-powered payment method and new financing options for small businesses.
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Finextra
MAY 21, 2024
Innovative AI models should be trained to respect a ‘constitution’ or a set of regulatory rules that would reduce the risk of harmful behaviour, argues a senior Bank of England policy maker.
The Payments Association
MAY 21, 2024
Unlimit, the global fintech company, announced a partnership with DEUNA, the ultimate unified platform for growing and simplifying commerce, aimed at enhancing cross-border payments for enterprises in Latam and others regions.
Payments Dive
MAY 21, 2024
The fledgling U.S. instant payments system can learn from real-time systems that have flourished in Brazil and India using QR codes and broad missions, say industry professionals.
The Payments Association
MAY 21, 2024
The FCA's final quarterly authorisations metrics for 2023-2024 reveal high efficiency and effectiveness in meeting statutory targets, though some areas require better application quality.
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.
Finextra
MAY 21, 2024
JPMorgan is to give AI training to all new employees, as the bank seeks to cement its reputation as an AI powerhouse.
The Payments Association
MAY 21, 2024
Discover how programmable money could revolutionise finance with automation and efficiency, while exploring the ethical dilemmas it poses around privacy and potential misuse Read more
Finextra
MAY 21, 2024
Singapore-based fiat-crypto payments firm Alchemy Pay has unveiled a Web3 digital banking platform for enterprises.
Fintech Review
MAY 21, 2024
Digital payments are at the forefront of transformation. Fintech, by nature a blend of finance and technology, is revolutionising how transactions are conducted worldwide. From tapping a phone at a checkout to transferring money across borders without hefty fees, the convenience and efficiency of digital payments are unmatched. There has been significant advancements in digital payment solutions, such as mobile wallets, peer-to-peer payment platforms, and cryptocurrencies.
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.
Finextra
MAY 21, 2024
Sectors more exposed to AI are experiencing almost five times (4.8x) higher growth in labour productivity, according to PwC's inaugural 2024 Global AI Jobs Barometer, published today.
Fintech News
MAY 21, 2024
Thailand’s KASIKORNBANK (KBank) has announced the launch of its new Tap-and-Pay service through Google Pay, allowing customers to make payments using their smartphones. This service aims to provide easy, fast, and card-free transactions worldwide. Natthapol Luepromchai, Executive Vice President of KBank, and Jenny Cheng, Vice President and General Manager of Google Wallet, introduced the integration of KBank Visa Credit Card with Google Pay.
Payments Dive
MAY 21, 2024
Mastercard has set its sights on expanding in China, Japan and elsewhere, Michael Miebach said in spelling out the company’s worldview. Last year, the company drew two-thirds of revenue from outside North America.
The Fintech Times
MAY 21, 2024
Mastercard and Visa dominate the UK card payment market, lacking effective competition and leading to substantial fee hikes, according to a recent interim report by the Payment Systems Regulator (PSR). The report reveals that over the past five years, scheme and processing fees have surged by more than 30 per cent in real terms, without corresponding improvements in service quality.
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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.
Fintech News
MAY 21, 2024
The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBC) are advancing their cooperation in green and transition finance. This announcement follows the 2nd China-Singapore Green Finance Taskforce (GFTF) meeting held on 20 May 2024. The GFTF, established in 2023, focuses on scaling up green and transition financing flows between Singapore, China, and the region.
Finextra
MAY 21, 2024
Join FinextraTV live at NextGen Nordics 2024 with Patrik Havander, Head of Visa B2B Connect Europe, as we delve into the landscape of B2B cross-border payments. Discover how banks are adapting to maintain B2B payment volumes amidst declining retail payments, explore emerging technologies shaping the future of cross-border transactions, and learn what steps banks can take today to stay ahead in the ever-evolving payments landscape.
Fintech News
MAY 21, 2024
Swift has announced a major upgrade aimed at improving the cross-border payment experience for corporate customers. The financial messaging network will extend ISO 20022 across the entire payment chain and provide banks with ready-to-use tracking services. By standardising payments end-to-end with ISO 20022, Swift enables financial institutions to capture detailed data from the outset.
Bank Automation
MAY 21, 2024
JPMorgan Chase is reaping rewards in know-your-customer operations from deployment of AI. The bank processed 155,000 know-your-customer (KYC) files in 2022, using 3,000 people to accomplish the task. “By the end of next year, we will process 230,000 files with 20% less of the people.
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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.
Fintech News
MAY 21, 2024
Singapore’s Anti-Scam Centre (ASC) and DBS Bank have successfully recovered more than S$170,000 lost in a technical support scam. The victim, a 70-year-old woman, was using her computer when she saw a pop-up alert prompting her to call a “Microsoft” hotline number due to a supposed hack. She called the number and spoke with a scammer posing as a Microsoft support agent.
Finextra
MAY 21, 2024
The UK's Payment System Regulator (PSR) has stepped back from imposing financial penalties on Visa and Mastercard scheme and processing fees, despite evidence that the firms are running an effective duopoly in the supply of services to merchants.
The Fintech Times
MAY 21, 2024
eToro , the trading and investing platform, has partnered with Arabesque AI , an investment advisory and technology company, to launch a new Sharia-compliant portfolio for users across the Middle East. ShariaAl-Growth, the new eToro portfolio, leverages technology from Arabesque AI, as well as its bank of environmental, social, and governance ( ESG ) data, to identify high-growth US stocks that comply with Sharia principles. “Since our launch in the UAE six months ago, our goal has been to
Finextra
MAY 21, 2024
Crown Agents Bank, the UK-regulated bank, specialising in FX and cross-border payments for emerging and frontier markets globally, announces a strategic partnership with AbbeyCross to provide FX Payments to emerging markets via the ABX Platform, a marketplace for emerging market FX and payments.
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In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.
The Fintech Times
MAY 21, 2024
More than a third of Gen Z in the US (22.9 million people) are classed as ‘digital ghosts’, lacking sufficient financial records to pass identity verification needed for accessing financial and government services, according to a new report. Socure, a provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, reveals that 35 per cent of Gen Z in the US and nearly a third of legal immigrants are digital ghosts.
Fintech Finance
MAY 21, 2024
Atomic , the leader in payroll connectivity, has launched PayLink Manage, a subscription management technology designed to help account holders seamlessly view, update and optimize all their recurring payments directly within their financial institution’s app, helping them to take action to cut unnecessary spending and be better with their money. Banks will experience more frequent, meaningful interactions, deepening the overall customer relationship and confirming their position as the primary
The Fintech Times
MAY 21, 2024
NCR Voyix , a global provider of digital commerce solutions, has launched its new solution, Aloha Pay-At-Table, powered by Atlanta-based tech firm sunday , in an effort to enhance the overall dining experience. The software, which originally launched in 2021 with 23 locations across Europe, is now set to help restaurants improve their service in the US. sunday hopes to improve the dining experience for guests by enabling them to use their smartphones to scan a tabletop QR code to view their item
Finextra
MAY 21, 2024
Nexi, the leading European PayTech, and its subsidiary orderbird, a leading Point of Sale system for independent businesses, have announced the launch of the new Nexi Partner Portal (NPP), a next-generation payment platform designed for Independent Software Vendors (ISVs) across different industries in Germany, including retail and hospitality.
Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms
Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.
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