Payments Dive
MAY 29, 2024
Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D. Power.
Bank Automation
MAY 29, 2024
BMO continued to deliver on its digital-first agenda during its fiscal second quarter 2024 with AI, data and overall modernization at the forefront of its efforts.
Payments Dive
MAY 29, 2024
The Stockholm-based buy now, pay later company said more than a third of its first-quarter savings on sales and marketing expense was attributable to artificial intelligence.
Finextra
MAY 29, 2024
The Interledger Foundation, an organisation dedicated to the creation of an open, interoperable payment network, is promising to fund fintechs that use its protocol to bring payments to emerging markets and underserved populations.
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 Next
MAY 29, 2024
By Jason Kolbenheyer, Chief Product Officer, Edenred Pay Few technologies have generated as much excitement as artificial intelligence (AI). Using machines to The post The transformative impact of AI on invoice-to-pay functions first appeared on Payments NEXT.
The Fintech Times
MAY 29, 2024
This month, The Fintech Times is focusing on the world of digital assets. The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. But digital currencies are far from irrelevant. Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA).
Payments Space brings together the best content for payment processing professionals from the widest variety of industry thought leaders.
Fintech News
MAY 29, 2024
Southeast Asian superapp Grab and OpenAI have announced a strategic collaboration to develop and implement advanced AI solutions aimed at enhancing the experience for users, partners, and employees. The initial phase of the collaboration will target three key areas, which are accessibility, customer support, and mapping. Grab aims to make its services more accessible by utilising state-of-the-art text and voice capabilities, particularly for visually impaired or elderly users who may struggle wi
Finextra
MAY 29, 2024
Commonwealth Bank of Australia is to help validate bank account details used in international payments to Australia by integrating its NameCheck technology with JPMorgan's blockchain network Liink.
Fintech News
MAY 29, 2024
Indonesian fintech company JULO has announced that it has provided insurance coverage to over 200,000 customers in just three months with its JULO Protect Plus product. It is a new feature embedded in the company’s virtual credit card solution. JULO collaborated with Qoala , an Indonesian insurtech company, and Sompo Insurance, a global general insurer with 48 years of experience in Indonesia, to develop this insurance cover.
Finextra
MAY 29, 2024
Commonwealth Bank of Australia is to help validate bank account details used in international payments to Australia by integrating its NameCheck technology with JPMorgan's blockchain network Liink.
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.
Fintech News
MAY 29, 2024
E-wallets are gaining significant traction in Singapore, with predictions indicating they will become the primary payment method by 2027. According to the 2024 Global Payments Report by payment processing company Worldpay, e-wallets are expected to handle over 50% of online spending in Singapore by 2027. In 2023, e-wallets were used for 70% of online spending in the Asia-Pacific region.
Finextra
MAY 29, 2024
Watch this webinar to understand why integrating internal, external, and synthetic data to update AI models is the best strategy to protect transactions and customers from fraud.
Finezza
MAY 29, 2024
When potential borrowers apply for a loan, they must submit a wide range of documents, from identity documents to financial documents such as bank statements. As the number of loan applicants escalates and the volume of documents grows, lenders face a unique challenge. They struggle to extract raw data efficiently, accurately, and quickly from such […] The post Finezza’s Document Identification Framework: Enhancing Lender Accuracy appeared first on Finezza Blog.
Fintech News
MAY 29, 2024
GXS Bank, a digital bank in Singapore, has enhanced its customer onboarding process using global analytics software FICO’s platform. The bank now reportedly onboards the majority of its customers in under three minutes. This earned it the 2024 FICO Decisions Award for Customer Onboarding & Management. GXS Bank uses the FICO Platform to make quick credit decisions, often within milliseconds, allowing it to issue loans in under three minutes.
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.
Bank Automation
MAY 29, 2024
Cache Valley Bank has selected fintech Finastra for its core banking and digital banking offerings. The Logan, Utah-based bank will use the tech provider’s core banking platform, Fusion Phoenix, and its mobile banking platform, Fusion Digital Banking, for commercial and retail banking clients, according to a May 16 release from Finastra.
Fintech News
MAY 29, 2024
Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. This report outlines mitigation measures for government agencies, financial institutions, and Designated Non-Financial Businesses and Professionals (DNFBPs) to address these risks. Environmental crimes, such as illegal wildlife trafficking and illegal logging, generate an estimated US$110 billion to US$281 billion in criminal gai
Fintech Finance
MAY 29, 2024
UK-based payments company myPOS has enabled Tap to Pay on iPhone for businesses in Italy. With Tap to Pay on iPhone and the myPOS Glass app, merchants can seamlessly and securely accept in-person contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the myPOS Glass iOS app.
Payments Dive
MAY 29, 2024
Kevin Coop left the earned wage access provider for a healthcare market research firm, with Stacy Greiner appointed CEO on an interim basis.
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Finextra
MAY 29, 2024
HSBC has announced the launch of its new e-commerce digital payment platform Omni Collect in the UAE in partnership with leading Saudi-based fintech player, Geidea.
The Fintech Times
MAY 29, 2024
The Interledger Foundation , an organisation building and advocating for an open, interoperable payment network, is introducing a new initiative to fund fintechs that leverage its Interledger Protocol (ILP) to bring payment capabilities to emerging markets and underserved populations. In an effort to help democratise the adoption of easy-to-use instant payments across the globe, the Interledger Foundation is dedicating $4million of its larger fund to companies that contribute to expanding its gl
Finextra
MAY 29, 2024
Ripple is pumping $25 million into Fairshake, a federal super political action committee (PAC) backing pro-crypto candidates during the 2024 US elections.
Finovate
MAY 29, 2024
Small business banking platform Relay raised $32.2 million in a Series B round led by Bain Capital Ventures. Relay will use today’s funds to further develop products in spend management, smart credit products, and its financial API marketplace. Relay recently unveiled a commercial credit card offering and plans to launch a line of credit. Small business banking and money management platform Relay raised $32.2 million this week.
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Finextra
MAY 29, 2024
Modulr, the embedded payments platform, today announced the launch of its innovative travel payments solution, specifically designed to address the unique needs of online travel agents (OTAs) and travel industry intermediaries.
Finovate
MAY 29, 2024
FinovateSpring was a whirlwind of meeting new people, learning about new ideas, as well as seeing familiar faces and hearing new perspectives on old concepts. The show wrapped up last Thursday in San Francisco and I have a treasure trove of thoughts to share. Before I explain the top five things I saw and heard at FinovateSpring this year, I’ll start with a disclaimer.
Finextra
MAY 29, 2024
PayPal's PYUSD is now available on the Solana blockchain in a move that the company says will make its stablecoin faster and cheaper to use.
The Fintech Times
MAY 29, 2024
Many Chinese online merchants struggle with the payment collection and payout process. Looking to simplify this, Currencycloud , the company simplifying business in a multi-currency world, and Pyvio (Hong Kong), the fintech building ‘Glocal’ financial services infrastructure, have announced a new partnership. The partnership will allow Pyvio to leverage Currencycloud technology to collect and pay funds in over 180 countries and more than 30 currencies, including CNH and CNY.
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Finextra
MAY 29, 2024
Q. What does the payments sector look for in a conference? A. The number of banks registered to attend and the number of bank speakers on the agenda, ready to openly communicate to the audience how they are currently leveraging technology.
BioCatch
MAY 29, 2024
The once peaceful country of Sweden has unfortunately seen a surge in gang violence, with the gun-murder rate in the Swedish capital roughly 30 times that of London (on a per capita basis) in 2022. Whilst much of that organised crime has been driven by the drug trade, a recent series of programmes on the Swedish broadcaster SVT has highlighted the role such gangs have in fraud.
Finextra
MAY 29, 2024
UK wealth management firm Intelligent Money has entered administration after agreeing a deal to sell off its business and assets to fellow provider Quai.
The Fintech Times
MAY 29, 2024
Increased initial public offering (IPO) activity is supporting banks, brokerage firms and law firms within the Dubai International Financial Centre’s (DIFC) ecosystem, with fees for MENA deals alone exceeding $1.2billion. In a new report, ‘ Regional Outlook for Banking and Capital Markets ‘, produced by DIFC in partnership with LSEG Data & Analytics , the entities discuss how they expect regional IPO growth to come in three phases: The continued privatisation of state-relat
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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